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.

Revenue
+5.24%
EPS
+5.16%
Free cash flow
−9.96%
Total debt
−0.88%

Quarter to September 2026, against a year earlier

189.72 2.87 −1.49%
Market cap
$14.3B
P/E
20.5×
Fwd P/E
19.2×
Dividend yield
2.05%
F-score
5/9
Altman Z
3.63
Beneish M
−2.54
Dividend safety
77/100

Avery Dennison Corporation (AVY) Operating margin

Alert me on Operating margin

Avery Dennison Corporation's operating margin over the twelve months to 30 September 2026 was 11.7%, down 0.1 percentage points from fiscal 2025 (11.8%). Over the past ten years it has ranged from 7.87% (fiscal 2015) to 12.6% (fiscal 2021); the current reading is higher than 73% of that period. That is above the Packaging & Containers industry median of 6.42% and above the Consumer Cyclical sector median of 3.88%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 11.8% (0.10)
FY2024 11.9% 2.56
FY2023 9.36% (2.52)
FY2022 11.9% (0.71)
FY2021 12.6% 0.98
FY2020 11.6% 0.71
FY2019 10.9% 0.87
FY2018 10.0% (0.11)
FY2017 10.1% 0.44
FY2016 9.70% 1.83

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 11.7% (1.04)
Jun 2026 12.7% 0.90
Mar 2026 11.8% 1.21
Dec 2025 10.6% (1.31)
43 more quarters

Against its own ten years

Low 7.87% High 12.6%
Ten-year median 10.9%
Current reading's percentile 65

Operating margin against peers

Company Operating margin
REYN Reynolds Consumer Products Inc. compare 13.4%
CCK Crown Holdings, Inc. compare 12.0%
AVY Avery Dennison Corporation 11.7%
PKG Packaging Corporation of America compare 11.2%
AMCR Amcor PLC compare 8.08%
BALL Ball Corporation compare 6.10%
SW Smurfit Westrock PLC compare 4.57%
IP International Paper Company compare 2.85%
SON Sonoco Products Company compare 2.74%
Packaging & Containers industry median 6.42%
Consumer Cyclical sector median 3.88%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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