• Teva Pharmaceutical Industries average gross margin for 2023 was 46.29%, a 2.73% increase from 2022.
• Teva Pharmaceutical Industries average gross margin for 2022 was 47.59%, a 1.36% decline from 2021.
• Teva Pharmaceutical Industries average gross margin for 2021 was 46.95%, a 2.71% 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.