• Insulet average gross margin for 2023 was 64.2%, a 2.67% increase from 2022.
• Insulet average gross margin for 2022 was 65.96%, a 1.55% decline from 2021.
• Insulet average gross margin for 2021 was 67%, a 4.31% 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.