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Avery Dennison Corporation(AVY)Earnings, Financials & Key Ratios
AVY•NYSE
$166.68
$12.82B mkt cap·19.0× P/E·Price updated May 6, 2026
AboutAvery Dennison Corporation manufactures and markets pressure-sensitive materials and products in the United States, Europe, Asia, Latin America, and internationally. The company's Label and Graphic Materials segment offers pressure-sensitive label and packaging materials; and graphics and reflective products under the Fasson, JAC, Avery Dennison, and Mactac brands, as well as durable cast and reflective films. It provides its products to the home and personal care, beer and beverage, durables, pharmaceutical, wine and spirits, and food market segments; architectural, commercial sign, digital printing, and other related market segments; construction, automotive, and fleet transportation market segments, as well as traffic and safety applications; and sign shops, commercial printers, and designers. The company's Retail Branding and Information Solutions segment designs, manufactures, and sells brand embellishments, graphic tickets, tags and labels, and sustainable packaging solutions, as well as offers creative services; radio-frequency identification products; visibility and loss prevention solutions; price ticketing and marking solutions; care, content, and country of origin compliance solutions; and brand protection and security solutions. It serves retailers, brand owners, apparel manufacturers, distributors, and industrial customers. The company's Industrial and Healthcare Materials segment offers tapes; pressure-sensitive adhesive based materials and converted products; medical fasteners; and performance polymers under the Fasson, Avery Dennison, and Yongle brands. It serves automotive, electronics, building and construction, general industrial, personal care, and medical markets. The company was formerly known as Avery International Corporation and changed its name to Avery Dennison Corporation in 1990. Avery Dennison Corporation was founded in 1935 and is headquartered in Glendale, California.Show more
- Revenue$8.86B+1.1%
- EBITDA$1.35B-6.5%
- Net Income$688M-2.4%
- EPS (Diluted)8.78+0.6%
- Gross Margin28.75%-0.4%
- EBITDA Margin15.21%-7.5%
- Operating Margin12.47%-3.2%
- Net Margin7.77%-3.5%
- ROE30.21%-4.8%
- ROIC15.18%-7.6%
- Debt/Equity1.66+22.1%
- Interest Coverage7.83-14.4%
AVY Key Insights
Avery Dennison Corporation (AVY) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Excellent 3Y average ROE of 28.7%
- ✓15 consecutive years of dividend growth
- ✓High quality earnings: Operating CF exceeds net income
- ✓Healthy dividend yield of 2.2%
- ✓Share count reduced 4.1% through buybacks
- ✓Efficient asset utilization: 1.0x turnover
✗Weaknesses
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
AVY Price & Volume
Avery Dennison Corporation (AVY) stock price & volume — 10-year historical chart
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AVY Growth Metrics
Avery Dennison Corporation (AVY) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years4.03%
5 Years4.9%
3 Years-0.68%
TTM2.89%
Profit CAGR
10 Years9.63%
5 Years4.36%
3 Years-3.14%
TTM-1.29%
EPS CAGR
10 Years11.52%
5 Years5.84%
3 Years-1.58%
TTM2.19%
Return on Capital
10 Years22.45%
5 Years19.83%
3 Years19.07%
Last Year18.89%
AVY Recent Earnings
Avery Dennison Corporation (AVY) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 4/12 qtrs (33%)
Q2 2026Latest
Apr 28, 2026EPS
$2.47
Est $2.41
+2.5%
Revenue
$2.3B
Est $2.3B
+1.7%
Q1 2026
Feb 4, 2026EPS
$2.45
Est $2.40
+2.1%
Revenue
$2.3B
Est $2.3B
-0.5%
Q4 2025
Oct 22, 2025EPS
$2.37
Est $2.33
+1.7%
Revenue
$2.2B
Est $2.2B
-0.1%
Q3 2025
Jul 22, 2025EPS
$2.42
Est $2.39
+1.3%
Revenue
$2.2B
Est $2.2B
-1.0%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 28, 2026 | $2.47vs $2.41+2.5% | $2.3Bvs $2.3B+1.7% |
| Q1 2026 | Feb 4, 2026 | $2.45vs $2.40+2.1% | $2.3Bvs $2.3B-0.5% |
| Q4 2025 | Oct 22, 2025 | $2.37vs $2.33+1.7% | $2.2Bvs $2.2B-0.1% |
| Q3 2025 | Jul 22, 2025 | $2.42vs $2.39+1.3% | $2.2Bvs $2.2B-1.0% |
Based on last 12 quarters of dataView full earnings history →
AVY Peer Comparison
Avery Dennison Corporation (AVY) competitors in Printing, Labels and Packaging Materials — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 CCK | 11.35B | 101.09 | 15.84 | 4.78% | 5.96% | 21.8% | 1.77 | |
 SEE | 6.21B | 42.15 | 12.29 | -0.61% | 9.43% | 48.39% | 3.31 | |
 SON | 5.16B | 52.30 | 13.14 | 41.72% | 13.83% | 30.03% | 1.34 | |
 SLGN | 4.28B | 40.50 | 15 | 10.73% | 4.31% | 12.47% | 2.03 | |
 GPK | 3.31B | 11.20 | 7.57 | -2.16% | 3.17% | 8.37% | 1.67 | |
 CCL | 34.03B | 27.52 | 13.62 | 6.4% | 10.37% | 22.48% | 2.28 | |
 IPGP | 4.33B | 101.94 | 139.64 | 2.73% | 2.78% | 1.37% | ||
 BALL | 15.7B | 59.00 | 17.88 | 11.55% | 6.87% | 16.06% | 1.29 |
Compare AVY vs Peers
Avery Dennison Corporation (AVY) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
AVY Income Statement
Avery Dennison Corporation (AVY) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Jan'21 | Jan'22 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 6.61B | 7.16B | 7.07B | 6.97B | 8.41B | 9.04B | 8.36B | 8.76B | 8.86B | 9.01B |
| Revenue Growth % | 8.66% | 8.24% | -1.24% | -1.39% | 20.61% | 7.5% | -7.47% | 4.68% | 1.14% | 2.89% |
| Cost of Goods Sold | 4.8B | 5.25B | 5.17B | 5.05B | 6.1B | 6.64B | 6.09B | 6.23B | 6.31B | 6.42B |
| COGS % of Revenue | 72.59% | 73.33% | 73.07% | 72.44% | 72.54% | 73.46% | 72.81% | 71.13% | 71.25% | - |
| Gross Profit | 1.81B▲ 0% | 1.91B▲ 5.3% | 1.9B▼ 0.3% | 1.92B▲ 0.9% | 2.31B▲ 20.2% | 2.4B▲ 3.9% | 2.27B▼ 5.2% | 2.53B▲ 11.1% | 2.55B▲ 0.7% | 2.59B▲ 0% |
| Gross Margin % | 27.41% | 26.67% | 26.93% | 27.56% | 27.46% | 26.54% | 27.19% | 28.87% | 28.75% | 28.76% |
| Gross Profit Growth % | 6.61% | 5.33% | -0.31% | 0.92% | 20.19% | 3.87% | -5.19% | 11.14% | 0.74% | - |
| Operating Expenses | 1.06B | 1.1B | 1.08B | 1.05B | 1.27B | 1.33B | 1.32B | 1.4B | 1.44B | 1.47B |
| OpEx % of Revenue | 16.06% | 15.37% | 15.33% | 15.01% | 15.1% | 14.67% | 15.77% | 15.99% | 16.29% | - |
| Selling, General & Admin | 968.9M | 1B | 991.3M | 933.5M | 1.13B | 1.19B | 1.18B | 1.26B | 1.44B | 1.45B |
| SG&A % of Revenue | 14.65% | 14% | 14.02% | 13.39% | 13.47% | 13.17% | 14.15% | 14.42% | 16.29% | - |
| Research & Development | 93.4M | 98.2M | 92.6M | 112.8M | 136.6M | 136.1M | 135.8M | 137.8M | 0 | 0 |
| R&D % of Revenue | 1.41% | 1.37% | 1.31% | 1.62% | 1.62% | 1.51% | 1.62% | 1.57% | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1000K |
| Operating Income | 750.7M▲ 0% | 809.1M▲ 7.8% | 819.8M▲ 1.3% | 875M▲ 6.7% | 1.04B▲ 18.8% | 1.07B▲ 3.1% | 954.9M▼ 10.9% | 1.13B▲ 18.1% | 1.1B▼ 2.1% | 1.12B▲ 0% |
| Operating Margin % | 11.35% | 11.3% | 11.6% | 12.55% | 12.37% | 11.86% | 11.42% | 12.88% | 12.47% | 12.45% |
| Operating Income Growth % | 25.33% | 7.78% | 1.32% | 6.73% | 18.82% | 3.12% | -10.93% | 18.06% | -2.08% | - |
| EBITDA | 929.4M | 990.1M | 998.8M | 1.08B | 1.28B | 1.36B | 1.25B | 1.44B | 1.35B | 1.25B |
| EBITDA Margin % | 14.05% | 13.83% | 14.13% | 15.5% | 15.27% | 15.08% | 14.98% | 16.44% | 15.21% | 13.92% |
| EBITDA Growth % | 19.29% | 6.53% | 0.88% | 8.16% | 18.84% | 6.15% | -8.03% | 14.86% | -6.46% | -11.46% |
| D&A (Non-Cash Add-back) | 178.7M | 181M | 179M | 205.3M | 244.1M | 290.7M | 298.4M | 312.2M | 242.7M | 164.8M |
| EBIT | 650.7M | 613.3M | 325.3M | 807.3M | 1.06B | 1.08B | 813.7M | 1.07B | 1.06B | 1.08B |
| Net Interest Income | -61.2M | -58.5M | -75.8M | -70M | -70.2M | -84.1M | -107.2M | -117M | -135.4M | -140.1M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 11.8M | 0 | 0 | 0 |
| Interest Expense | 63M | 58.5M | 75.8M | 70M | 70.2M | 84.1M | 119M | 117M | 135.4M | 140.1M |
| Other Income/Expense | -161.2M | -256.3M | -572.9M | -141.4M | -51M | -72.8M | -260.2M | -173.9M | -178.8M | -182.7M |
| Pretax Income | 589.5M▲ 0% | 552.8M▼ 6.2% | 246.9M▼ 55.3% | 733.6M▲ 197.1% | 988.7M▲ 34.8% | 999.3M▲ 1.1% | 694.7M▼ 30.5% | 953.5M▲ 37.3% | 925.1M▼ 3.0% | 938.5M▲ 0% |
| Pretax Margin % | 8.91% | 7.72% | 3.49% | 10.52% | 11.76% | 11.06% | 8.31% | 10.89% | 10.45% | 10.42% |
| Income Tax | 307.7M | 85.4M | -56.7M | 177.7M | 248.6M | 242.2M | 191.7M | 248.6M | 237.1M | 248.7M |
| Effective Tax Rate % | 52.2% | 15.45% | -22.96% | 24.22% | 25.14% | 24.24% | 27.59% | 26.07% | 25.63% | 26.5% |
| Net Income | 281.8M▲ 0% | 467.4M▲ 65.9% | 303.6M▼ 35.0% | 555.9M▲ 83.1% | 740.1M▲ 33.1% | 757.1M▲ 2.3% | 503M▼ 33.6% | 704.9M▲ 40.1% | 688M▼ 2.4% | 689.8M▲ 0% |
| Net Margin % | 4.26% | 6.53% | 4.29% | 7.97% | 8.8% | 8.38% | 6.01% | 8.05% | 7.77% | 7.66% |
| Net Income Growth % | -12.13% | 65.86% | -35.04% | 83.1% | 33.14% | 2.3% | -33.56% | 40.14% | -2.4% | -1.29% |
| Net Income (Continuing) | 281.8M | 467.4M | 303.6M | 555.9M | 740.1M | 757.1M | 503M | 704.9M | 688M | 689.8M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 3.13▲ 0% | 5.28▲ 68.7% | 3.57▼ 32.4% | 6.61▲ 85.2% | 8.83▲ 33.6% | 9.21▲ 4.3% | 6.20▼ 32.7% | 8.73▲ 40.8% | 8.78▲ 0.6% | 8.96▲ 0% |
| EPS Growth % | -11.58% | 68.69% | -32.39% | 85.15% | 33.59% | 4.3% | -32.68% | 40.81% | 0.57% | 2.19% |
| EPS (Basic) | 3.20 | 5.52 | 3.61 | 6.67 | 8.93 | 9.28 | 6.23 | 8.73 | 8.80 | - |
| Diluted Shares Outstanding | 90.1M | 88.6M | 85M | 84.1M | 83.8M | 82.2M | 81.1M | 80.7M | 77.4M | 77M |
| Basic Shares Outstanding | 88.01M | 84.72M | 84M | 83.4M | 82.9M | 81.6M | 80.7M | 80.4M | 77.4M | 77M |
| Dividend Payout Ratio | 55.18% | 37.44% | 62.48% | 35.4% | 29.81% | 31.55% | 51.03% | 39.37% | 41.92% | - |
AVY Balance Sheet
Avery Dennison Corporation (AVY) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Jan'21 | Jan'22 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 2.24B | 2.3B | 2.34B | 2.42B | 2.73B | 2.78B | 2.8B | 3.08B | 2.99B | 3.22B |
| Cash & Short-Term Investments | 224.4M | 232M | 253.7M | 252.3M | 162.7M | 167.2M | 215M | 367.2M | 202.8M | 255.1M |
| Cash Only | 224.4M | 232M | 253.7M | 252.3M | 162.7M | 167.2M | 215M | 329.1M | 202.8M | 255.1M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 39.6M | 0 | 0 |
| Accounts Receivable | 1.18B | 1.19B | 1.21B | 1.24B | 1.42B | 1.37B | 1.41B | 1.47B | 1.5B | 1.65B |
| Days Sales Outstanding | 65.14 | 60.66 | 62.58 | 64.67 | 61.84 | 55.5 | 61.74 | 61.12 | 61.99 | 64.96 |
| Inventory | 609.6M | 651.4M | 663M | 717.2M | 907.2M | 1.01B | 920.7M | 978.1M | 975.8M | 989.4M |
| Days Inventory Outstanding | 46.35 | 45.29 | 46.84 | 51.84 | 54.29 | 55.51 | 55.18 | 57.32 | 56.45 | 57.31 |
| Other Current Assets | 194.7M | 224.9M | 211.7M | 211.5M | 240.2M | 230.5M | 245.4M | 267.2M | 307.8M | 327.9M |
| Total Non-Current Assets | 2.9B | 2.88B | 3.15B | 3.68B | 5.24B | 5.17B | 5.41B | 5.33B | 5.81B | 5.76B |
| Property, Plant & Equipment | 1.1B | 1.14B | 1.21B | 1.34B | 1.48B | 1.54B | 1.63B | 1.59B | 1.61B | 1.57B |
| Fixed Asset Turnover | 6.02x | 6.29x | 5.84x | 5.19x | 5.69x | 5.87x | 5.14x | 5.52x | 5.51x | 5.66x |
| Goodwill | 985.1M | 941.8M | 930.8M | 1.14B | 1.88B | 1.86B | 2.01B | 1.98B | 3.1B | 3.06B |
| Intangible Assets | 166.3M | 144M | 126.5M | 224.9M | 911.4M | 840.3M | 849.1M | 755.3M | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 55.9M | 0 | 55M |
| Other Non-Current Assets | 453.4M | 451M | 654.8M | 765M | 836.2M | 810.5M | 809.6M | 841.4M | 978.4M | 3.71B |
| Total Assets | 5.14B▲ 0% | 5.18B▲ 0.8% | 5.49B▲ 6.0% | 6.1B▲ 11.1% | 7.97B▲ 30.7% | 7.95B▼ 0.3% | 8.21B▲ 3.3% | 8.4B▲ 2.4% | 8.8B▲ 4.7% | 8.98B▲ 0% |
| Asset Turnover | 1.29x | 1.38x | 1.29x | 1.14x | 1.05x | 1.14x | 1.02x | 1.04x | 1.01x | 1.02x |
| Asset Growth % | 16.84% | 0.79% | 6.01% | 11.12% | 30.71% | -0.26% | 3.26% | 2.37% | 4.73% | 20.36% |
| Total Current Liabilities | 1.97B | 1.99B | 2.25B | 1.93B | 2.55B | 2.8B | 2.7B | 2.86B | 2.65B | 2.8B |
| Accounts Payable | 1.01B | 1.03B | 994.7M | 1.05B | 1.3B | 1.34B | 1.28B | 1.34B | 1.26B | 1.33B |
| Days Payables Outstanding | 76.58 | 71.65 | 70.27 | 75.95 | 77.73 | 73.61 | 76.54 | 78.57 | 72.99 | 73.98 |
| Short-Term Debt | 265.4M | 194.6M | 440.2M | 64.7M | 318.8M | 598.6M | 622.2M | 592.3M | 522.9M | 605M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 363.1M | 323.3M | 344.9M | 380.1M | 383.4M | 386.8M | 408.1M | 869M | 865.2M |
| Current Ratio | 1.13x | 1.15x | 1.04x | 1.25x | 1.07x | 0.99x | 1.04x | 1.08x | 1.13x | 1.13x |
| Quick Ratio | 0.83x | 0.83x | 0.74x | 0.88x | 0.72x | 0.63x | 0.69x | 0.73x | 0.76x | 0.76x |
| Cash Conversion Cycle | 34.91 | 34.3 | 39.15 | 40.55 | 38.4 | 37.39 | 40.38 | 39.87 | 45.45 | 48.29 |
| Total Non-Current Liabilities | 2.12B | 2.23B | 2.03B | 2.67B | 3.5B | 3.12B | 3.38B | 3.23B | 3.91B | 3.88B |
| Long-Term Debt | 1.32B | 1.77B | 1.5B | 2.05B | 2.79B | 2.5B | 2.62B | 2.56B | 3.21B | 3.19B |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 173.3M | 122.1M | 110.3M | 117.3M | 238.5M | 247.9M | 260M | 234.8M | 0 | 0 |
| Other Non-Current Liabilities | 629.3M | 334.7M | 421.4M | 503.6M | 474.9M | 367.1M | 500.3M | 434.6M | 696M | 2.73B |
| Total Liabilities | 4.09B | 4.22B | 4.28B | 4.6B | 6.05B | 5.92B | 6.08B | 6.09B | 6.56B | 6.68B |
| Total Debt | 1.58B | 1.97B | 1.94B | 2.12B | 3.1B | 3.1B | 3.24B | 3.15B | 3.73B | 3.79B |
| Net Debt | 1.36B | 1.73B | 1.69B | 1.86B | 2.94B | 2.93B | 3.03B | 2.82B | 3.53B | 3.54B |
| Debt / Equity | 1.51x | 2.06x | 1.61x | 1.41x | 1.61x | 1.53x | 1.52x | 1.36x | 1.66x | 1.66x |
| Debt / EBITDA | 1.70x | 1.99x | 1.94x | 1.96x | 2.42x | 2.28x | 2.59x | 2.19x | 2.77x | 3.02x |
| Net Debt / EBITDA | 1.46x | 1.75x | 1.69x | 1.73x | 2.29x | 2.15x | 2.42x | 1.96x | 2.62x | 2.62x |
| Interest Coverage | 10.33x | 10.48x | 4.29x | 11.53x | 15.14x | 12.88x | 6.84x | 9.15x | 7.83x | 7.70x |
| Total Equity | 1.05B▲ 0% | 955.1M▼ 8.7% | 1.2B▲ 26.1% | 1.5B▲ 24.6% | 1.92B▲ 28.3% | 2.03B▲ 5.6% | 2.13B▲ 4.7% | 2.31B▲ 8.7% | 2.24B▼ 3.0% | 2.3B▲ 0% |
| Equity Growth % | 13.04% | -8.71% | 26.06% | 24.58% | 28.3% | 5.6% | 4.71% | 8.67% | -3.04% | -8.43% |
| Book Value per Share | 11.61 | 10.78 | 14.16 | 17.83 | 22.96 | 24.72 | 26.24 | 28.65 | 28.97 | 29.88 |
| Total Shareholders' Equity | 1.05B | 955.1M | 1.2B | 1.5B | 1.92B | 2.03B | 2.13B | 2.31B | 2.24B | 2.3B |
| Common Stock | 124.1M | 124.1M | 124.1M | 124.1M | 124.1M | 124.1M | 124.1M | 124.1M | 124.1M | 124.1M |
| Retained Earnings | 2.6B | 2.86B | 2.98B | 3.35B | 3.88B | 4.41B | 4.69B | 5.15B | 5.6B | 5.71B |
| Treasury Stock | -1.86B | -2.22B | -2.43B | -2.5B | -2.66B | -3.02B | -3.13B | -3.35B | -3.9B | -3.96B |
| Accumulated OCI | -680.5M | -682M | -348.1M | -334.6M | -282.9M | -364M | -408.1M | -456.1M | -409.7M | -393M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
AVY Cash Flow Statement
Avery Dennison Corporation (AVY) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Jan'21 | Jan'22 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 650.1M | 457.9M | 746.5M | 751.3M | 1.05B | 961M | 826M | 938.8M | 881.4M | 881.4M |
| Operating CF Margin % | 9.83% | 6.4% | 10.56% | 10.78% | 12.45% | 10.63% | 9.88% | 10.72% | 9.95% | - |
| Operating CF Growth % | 11.07% | -29.56% | 63.03% | 0.64% | 39.33% | -8.2% | -14.05% | 13.66% | -6.11% | 965.88% |
| Net Income | 281.8M | 467.4M | 303.6M | 555.9M | 740.1M | 757.1M | 503M | 704.9M | 688M | 689.8M |
| Depreciation & Amortization | 178.7M | 181M | 179M | 205.3M | 244.1M | 290.7M | 298.4M | 312.2M | 206.4M | 251.6M |
| Stock-Based Compensation | 30.2M | 34.3M | 34.5M | 24M | 37.2M | 47.4M | 22.3M | 28.7M | 27.9M | 20.6M |
| Deferred Taxes | 151.6M | -32.7M | -216.9M | 9.3M | 2.6M | 18.4M | -24.4M | -18.5M | 0 | -26.2M |
| Other Non-Cash Items | 91.1M | 199.7M | 531.1M | 109.4M | 47.4M | 73.6M | 87M | 114.6M | 201.9M | 184.1M |
| Working Capital Changes | -87.7M | -391.8M | -84.8M | -152.6M | -24.6M | -226.2M | -60.3M | -203.1M | -242.8M | -85.7M |
| Change in Receivables | -141.2M | -62.5M | -42.2M | 14.7M | -113.2M | -22.1M | -16.7M | -107.3M | 0 | 0 |
| Change in Inventory | -14.9M | -70.5M | -18.1M | -6M | -182.7M | -140.7M | 111.7M | -90.7M | 0 | 0 |
| Change in Payables | 83.4M | 43.6M | 46.4M | -68.2M | 255.2M | 68.2M | -87.6M | 106.7M | 0 | 0 |
| Cash from Investing | -547.7M | -232.5M | -251M | -554.2M | -1.74B | -332.7M | -459M | -243.1M | -596M | -595.4M |
| Capital Expenditures | -190.5M | -226.7M | -219.4M | -201.4M | -255M | -278.1M | -265.3M | -208.8M | -169M | -177.5M |
| CapEx % of Revenue | 2.88% | 3.17% | 3.1% | 2.89% | 3.03% | 3.08% | 3.17% | 2.38% | 1.91% | - |
| Acquisitions | -319.3M | -3.8M | -6.5M | -350.4M | -1.47B | -38.4M | -224.9M | -3.8M | -401.8M | -392.8M |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -25.2M | -20.5M | -25.1M | -2.4M | -12.9M | -16.2M | 31.2M | -20.3M | -34.9M | -15.6M |
| Cash from Financing | -83.9M | -208.1M | -470.3M | -207.7M | 604.3M | -615.2M | -317.2M | -576.1M | -414.9M | -380.6M |
| Debt Issued (Net) | 199.9M | 409.3M | -23.9M | 113.1M | 1.04B | 28.3M | 102.4M | -37.9M | 439.6M | 259.6M |
| Equity Issued (Net) | -129.7M | -392.9M | -237.7M | -104.3M | -180.9M | -379.5M | -137.5M | -247.5M | -572.3M | -380.5M |
| Dividends Paid | -155.5M | -175M | -189.7M | -196.8M | -220.6M | -238.9M | -256.7M | -277.5M | -288.4M | -291.3M |
| Share Repurchases | -129.7M | -392.9M | -237.7M | -104.3M | -180.9M | -379.5M | -137.5M | -255.9M | -572.3M | -380.5M |
| Other Financing | 1.4M | -49.5M | -19M | -19.7M | -31.7M | -25.1M | -25.4M | -13.2M | 6.2M | 31.6M |
| Net Change in Cash | 29.3M▲ 0% | 7.6M▼ 74.1% | 21.7M▲ 185.5% | -1.4M▼ 106.5% | -89.6M▼ 6300.0% | 4.5M▲ 105.0% | 47.8M▲ 962.2% | 114.1M▲ 138.7% | -126.3M▼ 210.7% | 67.5M▲ 0% |
| Free Cash Flow | 424M▲ 0% | 201.3M▼ 52.5% | 489.3M▲ 143.1% | 532.7M▲ 8.9% | 774.7M▲ 45.4% | 662.5M▼ 14.5% | 540.9M▼ 18.4% | 730M▲ 35.0% | 712.4M▼ 2.4% | 872.9M▲ 0% |
| FCF Margin % | 6.41% | 2.81% | 6.92% | 7.64% | 9.21% | 7.33% | 6.47% | 8.34% | 8.04% | 9.69% |
| FCF Growth % | 11.96% | -52.52% | 143.07% | 8.87% | 45.43% | -14.48% | -18.35% | 34.96% | -2.41% | 47.57% |
| FCF per Share | 4.71 | 2.27 | 5.76 | 6.33 | 9.24 | 8.06 | 6.67 | 9.05 | 9.20 | 9.20 |
| FCF Conversion (FCF/Net Income) | 2.31x | 0.98x | 2.46x | 1.35x | 1.41x | 1.27x | 1.64x | 1.33x | 1.28x | 1.27x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 111.8M | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 226.8M | 0 | 0 |
AVY Key Ratios
Avery Dennison Corporation (AVY) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 28.58% | 46.71% | 28.12% | 41.12% | 43.23% | 38.27% | 24.18% | 31.75% | 30.21% | 30.81% |
| Return on Invested Capital (ROIC) | 25.44% | 23.83% | 22.04% | 20.99% | 18.95% | 16.35% | 14.15% | 16.43% | 15.18% | 15.18% |
| Gross Margin | 27.41% | 26.67% | 26.93% | 27.56% | 27.46% | 26.54% | 27.19% | 28.87% | 28.75% | 28.76% |
| Net Margin | 4.26% | 6.53% | 4.29% | 7.97% | 8.8% | 8.38% | 6.01% | 8.05% | 7.77% | 7.66% |
| Debt / Equity | 1.51x | 2.06x | 1.61x | 1.41x | 1.61x | 1.53x | 1.52x | 1.36x | 1.66x | 1.66x |
| Interest Coverage | 10.33x | 10.48x | 4.29x | 11.53x | 15.14x | 12.88x | 6.84x | 9.15x | 7.83x | 7.70x |
| FCF Conversion | 2.31x | 0.98x | 2.46x | 1.35x | 1.41x | 1.27x | 1.64x | 1.33x | 1.28x | 1.27x |
| Revenue Growth | 8.66% | 8.24% | -1.24% | -1.39% | 20.61% | 7.5% | -7.47% | 4.68% | 1.14% | 2.89% |
AVY SEC Filings & Documents
Avery Dennison Corporation (AVY) SEC filings — annual & quarterly reports (10-K, 10-Q)
AVY Frequently Asked Questions
Avery Dennison Corporation (AVY) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Avery Dennison Corporation (AVY) reported $9.01B in revenue for fiscal year 2025. This represents a 179% increase from $3.22B in 1996.
Avery Dennison Corporation (AVY) grew revenue by 1.1% over the past year. Growth has been modest.
Yes, Avery Dennison Corporation (AVY) is profitable, generating $689.8M in net income for fiscal year 2025 (7.8% net margin).
Dividend & Returns
Yes, Avery Dennison Corporation (AVY) pays a dividend with a yield of 2.24%. This makes it attractive for income-focused investors.
Avery Dennison Corporation (AVY) has a return on equity (ROE) of 30.2%. This is excellent, indicating efficient use of shareholder capital.
Avery Dennison Corporation (AVY) generated $872.9M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
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