• Sensata Technologies Holding average gross margin for 2023 was 32.09%, a 2.82% decline from 2022.
• Sensata Technologies Holding average gross margin for 2022 was 33.02%, a 0.43% decline from 2021.
• Sensata Technologies Holding average gross margin for 2021 was 32.88%, a 4.81% 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.