• Whirlpool average gross margin for 2023 was 15.62%, a 10.69% decline from 2022.
• Whirlpool average gross margin for 2022 was 17.49%, a 16.95% decline from 2021.
• Whirlpool average gross margin for 2021 was 21.06%, a 17.65% 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.