• Nordson average gross margin for 2024 was 54.94%, a 1.22% increase from 2023.
• Nordson average gross margin for 2023 was 54.28%, a 2.62% increase from 2022.
• Nordson average gross margin for 2022 was 55.74%, a 1.42% decline from 2021.

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.