• Yara average gross margin for 2023 was 23.96%, a 11.98% increase from 2022.
• Yara average gross margin for 2022 was 27.22%, a 8.41% decline from 2021.
• Yara average gross margin for 2021 was 29.72%, a 1.95% 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.