Cactus Gross Margin 2016-2024 | WHD
- Cactus average gross margin for 2023 was 36.29%, a 12.46% increase from 2022.
- Cactus average gross margin for 2022 was 32.27%, a 17.9% increase from 2021.
- Cactus average gross margin for 2021 was 27.37%, a 19.97% 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.