• EchoStar average gross margin for 2023 was 31.91%, a 11.78% decline from 2022.
• EchoStar average gross margin for 2022 was 36.17%, a 34.55% decline from 2021.
• EchoStar average gross margin for 2021 was 55.26%, a 7.09% 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.