• West Fraser Timber average gross margin for 2023 was 16.53%, a 61.27% decline from 2022.
• West Fraser Timber average gross margin for 2022 was 42.68%, a 8.69% decline from 2021.
• West Fraser Timber average gross margin for 2021 was 46.74%, a 58.87% 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.