• Champion Homes average gross margin for 2023 was 29.18%, a 1.75% decline from 2022.
• Champion Homes average gross margin for 2022 was 29.7%, a 35.12% decline from 2021.
• Champion Homes average gross margin for 2021 was 21.98%, a 9.85% increase 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.