• Revvity average gross margin for 2023 was 57.23%, a 11.29% decline from 2022.
• Revvity average gross margin for 2022 was 64.51%, a 1.77% decline from 2021.
• Revvity average gross margin for 2021 was 65.67%, a 21.9% 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.