• Somnigroup average gross margin for 2023 was 42.29%, a 0.54% increase from 2022.
• Somnigroup average gross margin for 2022 was 42.52%, a 4.3% decline from 2021.
• Somnigroup average gross margin for 2021 was 44.43%, a 1.23% 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.