Southern Gross Margin 2010-2024 | SO
- Southern average gross margin for 2023 was 64.77%, a 2.13% increase from 2022.
- Southern average gross margin for 2022 was 63.42%, a 12.4% increase from 2021.
- Southern average gross margin for 2021 was 72.4%, a 2.44% 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.