• Xylem average gross margin for 2023 was 37.57%, a 0.11% decline from 2022.
• Xylem average gross margin for 2022 was 37.53%, a 1.78% increase from 2021.
• Xylem average gross margin for 2021 was 38.21%, a 0.53% 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.