Markel Group Gross Margin 2010-2024 | MKL
- Markel Group average gross margin for 2023 was 47.87%, a 9.62% increase from 2022.
- Markel Group average gross margin for 2022 was 43.67%, a 21.46% increase from 2021.
- Markel Group average gross margin for 2021 was 55.6%, a 50.19% 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.