• Stryker average gross margin for 2023 was 63.1%, a 0.72% increase from 2022.
• Stryker average gross margin for 2022 was 63.56%, a 0.33% decline from 2021.
• Stryker average gross margin for 2021 was 63.77%, a 0.05% 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.