• News average gross margin for 2024 was 50.52%, a 3.91% increase from 2023.
• News average gross margin for 2023 was 48.62%, a 3.05% increase from 2022.
• News average gross margin for 2022 was 50.15%, a 2.24% 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.