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%
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

Avery Dennison Corporation 10-Q filed Aug 4, 2026

Fiscal Q2 2026 · Period ended Jun 30, 2026 · Filed · accepted 4:16 PM ET · Document on sec.gov · Filing index

What changed

Part I, Item 2, Management’s Discussion and Analysis, against the 10-Q filed May 5, 2026: 15 added · 4 removed · 37 modified; 15 with only figures updated; 1 moved without change

  1. Modified · NON-GAAP FINANCIAL MEASURES

    •Operational working capital as a percentage of annualized current quarter net sales refers to trade accounts receivable and inventories, net of accounts payable, divided by annualized current quarter net sales, and excludes cash and cash equivalents, short-term borrowings, deferred taxes, other current assets and other current liabilities divided by annualized current quarter net sales. We believe that operational working capital as a percentage of annualized current quarter net sales assists investors in assessing our working capital requirements because it excludes the impact of fluctuations attributable to our financing and other activities (which affect cash and cash equivalents, deferred taxes, other current assets and other current liabilities) that tend to be disparate in amount, frequency or timing, and may increase the volatility of working capital as a percentage of sales from period to period. The items excluded from this measure are not significantly influenced by our day-to-day activities managed at the operating level and do not necessarily reflect the underlying trends in our operations.

55 more changes in this Item, word by word, in Powerpack.

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