• Rockwell Automation average gross margin for 2023 was 40.95%, a 2.94% decline from 2022.
• Rockwell Automation average gross margin for 2022 was 39.78%, a 3.89% increase from 2021.
• Rockwell Automation average gross margin for 2021 was 41.39%, a 0.1% 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.