• Suncor Energy average gross margin for 2023 was 61.05%, a 0.26% decline from 2022.
• Suncor Energy average gross margin for 2022 was 61.21%, a 0.15% decline from 2021.
• Suncor Energy average gross margin for 2021 was 61.3%, a 3.11% 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.