Saturday 17 October 2026 Export AVY’s income statement to Excel — free account

Avery Dennison Corporation

AVY Consumer Cyclical Packaging & Containers

Avery Dennison Corporation’s revenue for fiscal 2025 (year ended December 2025) was $8.9 billion, up 1.14% from fiscal 2024. In the quarter to June 2026, revenue grew 10.9%, EPS grew 10.8%, free cash flow grew 94.1% and total debt rose 20.9%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years.

175.40 0.48 −0.27%

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Market cap: $13.3B
P/E: 19.2×
Fwd P/E: 16.3×
Dividend yield: 2.21%
F-score: 5/9
Altman Z: 3.63
Beneish M: −2.54
Dividend safety: 77/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total sells 21.20

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	1	3	—	—	—	—	1	1	—

Insider Ownership 1.31%

Capital & Financial Ratios $m

Market Cap 13,330.00

Revenue 9,248.10

Net Income 704.90

Free Cash Flow 1,040.60

Net Debt 2,950.40

Current Ratio 1.13

Debt/Equity 1.37

P/E ratio 19.21

Fwd P/E 16.30

P/S ratio 1.45

P/B ratio 5.76

Past 5Y EPS Growth 5.87%

This Y EPS Growth 6.85%

Next Y EPS Growth 9.83%

Next Y revenue growth 5.54%

Next 5Y EPS Growth 9.59%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 15.55%

10-year low 10-year high

P/S against its own 10 years 41.14%

10-year low 10-year high

P/B against its own 10 years 5.90%

10-year low 10-year high

EV/Sales against its own 10 years 49.06%

10-year low 10-year high

EV/FCF against its own 10 years 2.17%

10-year low 10-year high

Dividends

Payout Ratio 0.43

Annual Dividend Rate 3.88

Annual Dividend Yield 2.21%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	3.97	0.94 1.00 1.00
2025	3.70	0.88 0.94 0.94 0.94
2024	3.45	0.81 0.88 0.88 0.88
2023	3.18	0.75 0.81 0.81 0.81
2022	2.93	0.68 0.75 0.75 0.75
2021	2.66	0.62 0.68 0.68 0.68
2020	2.36	0.58 0.58 0.58 0.62
2019	2.26	0.52 0.58 0.58 0.58
2018	2.01	0.45 0.52 0.52 0.52
2017	1.76	0.41 0.45 0.45 0.45
2016	1.60	0.37 0.41 0.41 0.41

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	215	329	203	227
Receivables	1,415	1,466	1,504	1,794
Inventory	921	978	976	1,032
Other	245	305	308	348
	2,796	3,079	2,990	3,401

	2023	2024	2025	Q'26
Payables	1,277	1,341	1,262	1,525
ST’ Debt	—	—	—	—
Other	387	408	380	734
	2,700	2,863	2,654	3,005

Compound Annual Growth %

	10y	5y	3y
Sales	4.03%	4.90%	(0.68%)
Cash Flow	6.41%	3.25%	(2.84%)
Earnings	9.63%	4.36%	(3.14%)
Book Value	8.79%	8.59%	3.33%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	2,299	2,463	—	—	—
’25	2,148	2,221	2,216	2,271	8,856
’24	2,151	2,235	2,183	2,186	8,756
’23	2,065	2,091	2,098	2,111	8,364
’22	2,349	2,347	2,317	2,026	9,039
’21	2,051	2,102	2,072	2,183	8,408
’20	1,723	1,529	1,729	1,991	6,972

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	137	408	—	—	—
’25	(16)	209	312	377	881
’24	120	198	270	351	939
’23	2	190	323	312	826
’22	126	268	221	346	961
’21	209	268	286	284	1,047
’20	4	180	258	310	751

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	101	363	—	—	—
’25	(60)	187	273	304	704
’24	64	144	218	273	700
’23	(68)	133	262	215	542
’22	71	209	141	245	665
’21	183	205	236	152	776
’20	(35)	144	227	205	542

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	2.18	2.67	—	—	—
’25	2.09	2.41	2.13	2.15	8.79
’24	2.13	2.18	2.25	2.16	8.73
’23	1.49	1.24	1.71	1.77	6.20
’22	2.39	2.61	2.70	1.51	9.21
’21	2.50	2.19	1.96	2.19	8.83
’20	1.60	0.95	1.79	2.28	6.61

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	57.06	69.53	82.89	86.90	76.96	147.40	151.62	158.93	185.29	156.23	Analyst estimates 2026–2028 Powerpack
	High	79.27	117.92	123.67	134.56	156.82	229.24	219.33	203.70	233.48	196.41
People
People	Employees	25,000	30,000	30,000	30,000	32,000	36,000	36,000	35,000	35,000	35,000
	Revenue/emp, $m	0.24	0.22	0.24	0.24	0.22	0.23	0.25	0.24	0.25	0.25
Income, $m
Income, $m	Revenue	6,087	6,614	7,159	7,070	6,972	8,408	9,039	8,364	8,756	8,856
	Gross margin, %	27.93	27.40	26.76	26.93	27.59	27.51	26.60	27.23	28.90	28.75
	EBT	477	590	555	250	737	993	999	695	954	925
	EBT margin, %	7.84	8.91	7.75	3.53	10.58	11.81	11.06	8.31	10.89	10.45
	Net income	321	282	467	304	556	740	757	503	705	688
	Depreciation	180	179	181	179	205	244	291	298	312	328
Per share, $
Per share, $	Revenue	68.31	74.90	82.00	84.17	83.59	101.43	110.78	103.65	108.90	113.39
	Earnings	3.54	3.13	5.28	3.57	6.61	8.83	9.21	6.20	8.73	8.79
	Cash flow	6.53	7.31	5.25	8.89	9.01	12.63	11.78	10.24	11.68	11.29
	Capex	(2.22)	(2.49)	(2.83)	(2.97)	(2.51)	(3.27)	(3.63)	(3.52)	(2.98)	(2.28)
	Free cash flow	4.31	4.82	2.41	5.92	6.50	9.36	8.15	6.72	8.70	9.01
	Book value	10.39	11.85	10.94	14.33	17.80	23.21	24.90	26.37	28.76	28.71
	Shares, m	89	88	87	84	83	83	82	81	80	78
Valuation, ×
Valuation, ×	P/E	19.87	36.96	17.05	36.44	23.43	24.50	19.89	32.15	21.46	20.72
	P/S	1.03	1.54	1.10	1.55	1.86	2.14	1.65	1.93	1.72	1.60
	P/B	6.75	9.76	8.21	9.13	8.71	9.33	7.36	7.57	6.51	6.34
	EV/Sales	1.11	1.71	1.31	1.73	2.11	2.45	1.91	2.21	1.97	1.94
	EV/FCF	17.62	26.57	44.53	24.61	27.19	26.52	26.00	34.18	24.69	24.46
Cash, $m
Cash, $m	Operating cash flow	582	646	458	747	751	1,047	961	826	939	881
	Capex	(198)	(220)	(247)	(249)	(209)	(271)	(296)	(284)	(239)	(178)
	Free cash flow	384	426	211	497	542	776	665	542	700	704
Balance, $m
Balance, $m	Working capital	(99)	266	304	87	490	187	(18)	97	216	337
	Total debt	713	1,316	1,772	1,499	2,052	2,786	2,504	2,622	2,560	3,210
	Net debt	518	1,092	1,540	1,246	1,800	2,623	2,336	2,407	2,231	3,007
	Shareholders’ equity	926	1,046	955	1,204	1,485	1,924	2,032	2,128	2,312	2,242
Returns, %
Returns, %	ROA	7.52	5.91	9.06	5.69	9.61	10.53	9.51	6.23	8.49	8.00
	ROIC	25.55	19.60	17.99	19.66	14.07	14.55	15.37	10.79	14.36	12.46
	ROE	33.91	28.58	46.71	28.12	41.35	43.42	38.27	24.18	31.75	30.21

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
SW Smurfit Westrock PLC	$21.6B	43.3×	18.6×	+1.15% (above 0%: growing)	n/m	+0.98% (above 0%: growing)	17.42%	3.85%	Compare
PKG Packaging Corporation of America	$20.7B	30.6×	22.6×	+14.67% (above 0%: growing)	−19.40% (below 0%: shrinking)	+5.30% (above 0%: growing)	20.58%	11.70%	Compare
AMCR Amcor PLC	$20.2B	18.5×	11.8×	+25.90% (above 0%: growing)	n/m	+54.49% (above 0%: growing)	20.90%	10.10%	Compare
IP International Paper Company	$18.1B	— (loss-making)	25.3×	−2.25% (below 0%: shrinking)	n/m	−95.31% (below 0%: shrinking)	27.65%	1.42%	Compare
BALL Ball Corporation	$16.6B	17.9×	15.0×	+19.74% (above 0%: growing)	+7.79% (above 0%: growing)	+97.88% (above 0%: growing)	17.44%	8.68%	Compare
AVY Avery Dennison Corporation	$13.3B	19.2×	16.3×	+10.92% (above 0%: growing)	+10.79% (above 0%: growing)	+94.11% (above 0%: growing)	29.62%	12.73%
CCK Crown Holdings, Inc.	$12.4B	16.3×	12.9×	+16.48% (above 0%: growing)	+42.68% (above 0%: growing)	+52.62% (above 0%: growing)	17.23%	12.65%	Compare
SON Sonoco Products Company	$4.9B	7.9×	11.9×	−1.31% (below 0%: shrinking)	−78.83% (below 0%: shrinking)	+138.94% (above 0%: growing)	20.81%	10.23%	Compare
REYN Reynolds Consumer Products Inc.	$4.8B	13.9×	14.0×	+0.64% (above 0%: growing)	+20.00% (above 0%: growing)	−11.76% (below 0%: shrinking)	25.95%	14.62%	Compare
Median of peers	$17.3B	17.9×	14.5×	+7.91%	+7.79%	+28.96%	20.70%	10.17%

All 23 Packaging & Containers stocks →

Avery Dennison Corporation (AVY) key facts

Concern: Net income was $688.0 million, or $8.79 per share (basic), a net margin of 7.77%.
Strength: Avery Dennison Corporation’s revenue for fiscal 2025 (year ended December 2025) was $8.9 billion, up 1.14% from fiscal 2024.
Avery Dennison Corporation (AVY) is a Packaging & Containers company in the Consumer Cyclical sector, listed on the New York Stock Exchange.
As of October 16, 2026, AVY traded at $175.40, a market capitalization of $13.3 billion.
At that price the stock trades at 19.2× trailing-twelve-month earnings and 1.4× sales; its P/E is higher than 16% of its own readings over the past ten years.
Avery Dennison Corporation pays an annual dividend of $3.88 per share, a yield of 2.21%, with a payout ratio of 42.5%.
Return on equity was 30.2% and debt-to-equity 1.37.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 3.63 (safe zone) for fiscal 2025.