Friday 6 November 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.

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%

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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

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Avery Dennison Corporation (AVY) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
Materials Group	6,093	68.81%
Solutions Group	2,762	31.19%
Gross margin		28.75%
Operating margin		11.82%
Pre-tax margin		10.45%

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
Materials Group	6,093 68.81%	6,013 68.68%	5,811 69.48%	6,495 71.85%	6,207 73.81%	5,341 76.61%	—	—	—	—	—	—	—	—
Solutions Group	2,762 31.19%	2,743 31.32%	2,553 30.52%	2,544 28.15%	2,202 26.19%	1,631 23.39%	1,650 23.34%	1,443 24.19%	1,516 23.95%	1,611 26.24%	1,535 26.18%	1,510 25.84%	1,534 26.53%	1,321 25.48%
Label And Graphic Materials	—	—	—	—	—	—	4,746 67.13%	4,032 67.57%	4,299 67.91%	—	—	—	—	—
Industrial And Healthcare Materials	—	—	—	—	—	—	674 9.53%	491 8.24%	516 8.14%	—	—	—	—	—
Pressure Sensitive Materials	—	—	—	—	—	—	—	—	—	4,455 72.56%	4,258 72.61%	4,261 72.90%	4,001 69.19%	3,378 65.13%
Vancive Medical Technologies	—	—	—	—	—	—	—	—	—	74 1.20%	71 1.21%	74 1.26%	247 4.27%	—
Other Specialty Converting Businesses	—	—	—	—	—	—	—	—	—	—	—	—	—	487 9.39%
Revenue	8,856	8,756	8,364	9,039	8,408	6,972	7,070	5,967	6,330	6,140	5,864	5,845	5,782	5,186

Revenue by region $m

Line	FY2013	FY2012	FY2011	FY2010	FY2009
Europe, the Middle East and North Africa	1,958 31.90%	1,851 31.57%	1,995 34.13%	1,897 32.80%	1,813 34.96%
Asia	1,824 29.70%	1,628 27.76%	1,527 26.12%	1,475 25.51%	1,199 23.12%
U.S.	1,538 25.04%	1,528 26.06%	1,473 25.20%	1,603 27.72%	1,485 28.63%
Latin America	516 8.40%	501 8.55%	490 8.38%	468 8.10%	380 7.33%
Other	305 4.97%	355 6.06%	360 6.16%	340 5.87%	310 5.97%
Revenue	6,140	5,864	5,845	5,782	5,186

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Net debt to adjusted EBITDA	Q3 FY2026	2.2×	2.2×	0.00%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q1 FY2024
Net debt to adjusted EBITDA	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.