• Masco average gross margin for 2023 was 34.42%, a 8.82% increase from 2022.
• Masco average gross margin for 2022 was 31.63%, a 9.78% increase from 2021.
• Masco average gross margin for 2021 was 35.06%, a 1.82% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.