• Secom average gross margin for 2023 was 32.62%, a 0.88% decline from 2022.
• Secom average gross margin for 2022 was 32.91%, a 0.57% decline from 2021.
• Secom average gross margin for 2021 was 33.1%, a 0.09% 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.