• Teleflex average gross margin for 2023 was 55.2%, a 0.56% increase from 2022.
• Teleflex average gross margin for 2022 was 54.89%, a 1.2% increase from 2021.
• Teleflex average gross margin for 2021 was 54.24%, a 2.15% 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.