• Mosaic average gross margin for 2023 was 20.53%, a 33.92% decline from 2022.
• Mosaic average gross margin for 2022 was 31.07%, a 48.16% decline from 2021.
• Mosaic average gross margin for 2021 was 20.97%, a 134.04% increase 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.