• Mattel average gross margin for 2023 was 45.7%, a 2.95% increase from 2022.
• Mattel average gross margin for 2022 was 47.09%, a 3.94% decline from 2021.
• Mattel average gross margin for 2021 was 49.02%, a 4.48% 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.