• Sempra Energy average gross margin for 2023 was 67.6%, a 4.53% increase from 2022.
• Sempra Energy average gross margin for 2022 was 70.81%, a 7.97% decline from 2021.
• Sempra Energy average gross margin for 2021 was 76.94%, a 2.15% 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.