• Stanley Black & Decker average gross margin for 2023 was 23.09%, a 18.5% increase from 2022.
• Stanley Black & Decker average gross margin for 2022 was 28.33%, a 18.71% decline from 2021.
• Stanley Black & Decker average gross margin for 2021 was 34.85%, a 6.41% 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.