• Yara average gross margin for 2024 was 26.44%, a 11.84% increase from 2023.
• Yara average gross margin for 2023 was 23.64%, a 13.15% increase from 2022.
• Yara average gross margin for 2022 was 27.22%, a 8.41% decline from 2021.

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.