• Siemens AG average gross margin for 2023 was 37.79%, a 5.26% increase from 2022.
• Siemens AG average gross margin for 2022 was 35.9%, a 4.47% increase from 2021.
• Siemens AG average gross margin for 2021 was 37.58%, a 10.53% 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.