Penumbra Gross Margin 2014-2024 | PEN
- Penumbra average gross margin for 2023 was 63.63%, a 1.24% decline from 2022.
- Penumbra average gross margin for 2022 was 62.85%, a 0.98% increase from 2021.
- Penumbra average gross margin for 2021 was 62.24%, a 3.28% 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.