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 (AVY) Debt to equity

Alert me on Debt to equity

Avery Dennison Corporation's debt to equity at the end of the quarter to 30 June 2026 was 1.4×, down 0.1× from fiscal 2025 (1.4×). Over the past ten years it has ranged from 0.8× (fiscal 2016) to 1.9× (fiscal 2018); the current reading is higher than 82% of that period. That is above the Packaging & Containers industry median of 0.8× and above the Consumer Cyclical sector median of 0.2×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 1.4× 29.32%
FY2024 1.1× (10.15%)
FY2023 1.2× 0.02%
FY2022 1.2× (14.91%)
FY2021 1.4× 4.75%
FY2020 1.4× 10.98%
FY2019 1.2× (32.86%)
FY2018 1.9× 47.42%
FY2017 1.3× 63.23%
FY2016 0.8× (22.75%)

Quarterly newest first

Period Debt to equity Change
Jun 2026 1.4× (1.19%)
Mar 2026 1.4× (3.30%)
Dec 2025 1.4× (1.15%)
Sep 2025 1.4× 21.32%
42 more quarters

Against its own ten years

Low 0.8× High 1.9×
Ten-year median 1.2×
Current reading's percentile 82

Debt to equity against peers

Company Debt to equity
IP International Paper Company compare 0.6×
REYN Reynolds Consumer Products Inc. compare 0.7×
SW Smurfit Westrock PLC compare 0.8×
PKG Packaging Corporation of America compare 0.9×
SON Sonoco Products Company compare 1.0×
AMCR Amcor PLC compare 1.2×
BALL Ball Corporation compare 1.3×
AVY Avery Dennison Corporation 1.4×
CCK Crown Holdings, Inc. compare 1.8×
Packaging & Containers industry median 0.8×
Consumer Cyclical sector median 0.2×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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