• Teledyne Technologies average gross margin for 2023 was 43.05%, a 3.51% increase from 2022.
• Teledyne Technologies average gross margin for 2022 was 41.59%, a 5.32% increase from 2021.
• Teledyne Technologies average gross margin for 2021 was 39.49%, a 2.31% 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.