• Silgan Holdings average gross margin for 2023 was 16.5%, a 2.8% increase from 2022.
• Silgan Holdings average gross margin for 2022 was 16.05%, a 4.97% increase from 2021.
• Silgan Holdings average gross margin for 2021 was 16.89%, a 1.05% 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.