Avery Dennison Corp (AVY)

Avery Dennison Corporation operates as a materials science and digital identification solutions company in the North America, Europe, the Middle East, North Africa, Asia, and Latin America. It offers pressure-sensitive label materials, which consist of papers, plastic films, and metal foils; performance tapes products, including mechanical fasteners, which are precision-extruded and injection-molded plastic devices; and other pressure-sensitive adhesive-based materials and converted products under the Fasson, JAC, and Avery Dennison brands. The company provides graphics and reflective products that include films and other products for the architectural, commercial sign, digital printing, and other related market segments; durable cast and reflective films to the construction, automotive, and fleet transportation markets; sign shops, commercial printers, and designers for pressure-sensitive materials; reflective films for traffic and safety applications; and pressure-sensitive vinyl and specialty materials for digital imaging, screen printing, and sign cutting applications under the Avery Dennison and Mactac brand names. In addition, it offers branding solutions, which include brand embellishments, graphic tickets, tags, labels, and sustainable packaging; information solutions, such as item-level RFID, visibility and loss prevention, price ticketing and marking, productivity and media, and brand protection and security solutions; and shelf-edge productivity and media solutions under the Vestcom brand names, as well as care, content, and country of origin compliance solutions. It serves home and personal care, apparel, general retail, e-commerce, logistics, food and grocery, pharmaceuticals, and automotive industries. The company was formerly known as Avery International Corporation and changed its name to Avery Dennison Corporation in 1990. The company was founded in 1935 and is headquartered in Mentor, Ohio.

Symbol
AVY
Exchange
NYSE
Sector
Consumer Cyclical
Industry
Packaging & Containers
Market cap
$12.89B
52 week range
152.42 - 199.54

Valuation

Share price
$169.87 (close of 2026-10-02)
P/E (TTM)
18.57x
Price to book
5.55x
Price to free cash flow
12.13x
Enterprise value
$16.34B
Book value per share
$30.60

Price performance

PeriodChange
1 day-1.02%
5 days-0.28%
1 month-2.61%
3 months+1.74%
6 months-0.93%
Year to date-6.60%
1 year+4.42%
3 years-6.42%
5 years-18.97%
10 years+118.37%
All time+3192.05%

Profitability and growth

Return on equity
30.69%
Return on assets
7.82%
Gross margin
28.75%
Net margin
7.77%
EBITDA margin
14.15%
Revenue growth
1.14%
Net income growth
-2.40%
Free cash flow growth
-2.41%

Cash flow and balance sheet

Free cash flow yield (TTM)
8.25%
Current ratio
1.13x
Net debt to EBITDA
2.38x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Revenue
$8.86B
Cost of revenue
$6.31B
Gross profit
$2.55B
EBITDA
$1.25B
Net income
$688.00M
Earnings per share
$8.81
Research and development
$136.60M
Shares outstanding
78.10M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$8.86B$2.55B$688.00M$8.81
2024-12-28$8.76B$2.53B$704.90M$8.77
2023-12-30$8.36B$2.28B$503.00M$6.23
2022-12-31$9.04B$2.40B$757.10M$9.28
2022-01-01$8.41B$2.31B$740.10M$8.93
2021-01-02$6.97B$1.92B$555.90M$6.67
2019-12-28$7.07B$1.90B$303.60M$3.61
2018-12-29$7.16B$1.92B$467.40M$5.35
2017-12-30$6.61B$1.81B$281.80M$3.19
2016-12-31$6.09B$1.70B$320.70M$3.60

Margins and returns by year

Period endGross marginNet marginReturn on equity
2025-12-3128.75%7.77%30.69%
2024-12-2828.90%8.05%30.48%
2023-12-3027.23%6.01%23.64%
2022-12-3126.60%8.38%37.26%
2022-01-0127.51%8.80%38.46%
2021-01-0227.59%7.97%37.44%
2019-12-2826.93%4.29%25.22%
2018-12-2926.76%6.53%48.94%
2017-12-3027.40%4.26%27.30%
2016-12-3127.93%5.27%34.65%

Cash and debt by year

Period endCashDebt
2025-12-31$202.80M$3.20B
2024-12-28$329.10M$2.55B
2023-12-30$215.00M$2.62B
2022-12-31$167.20M$2.50B
2022-01-01$162.70M$2.77B
2021-01-02$252.30M$2.03B
2019-12-28$253.70M$1.48B
2018-12-29$232.00M$1.75B
2017-12-30$224.40M-
2016-12-31$195.10M-

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$712.40M$27.90M
2024-12-28$730.00M$28.70M
2023-12-30$560.70M$22.30M
2022-12-31$682.90M$47.40M
2022-01-01$791.80M$37.20M
2021-01-02$549.90M$24.00M
2019-12-28$527.10M$34.50M
2018-12-29$231.20M$34.30M
2017-12-30$455.20M$30.20M
2016-12-31$405.20M$27.20M

Dividend history

Most recent payment
2026-09-02
Paid in the last twelve months
$3.88
Payment dateDividend per share
2026-09-02$1.00
2026-06-03$1.00
2026-03-04$0.94
2025-12-03$0.94
2025-09-03$0.94
2025-06-04$0.94
2025-03-05$0.88
2024-12-04$0.88

Investor relations

Next earnings report

Next confirmed report
2026-10-29
Consensus EPS estimate
$2.30

Past earnings dates

ReportedFiscal periodEPS estimate
2026-07-30Jun/2026$2.47
2026-04-28Mar/2026$2.41
2026-02-04Dec/2025$2.40
2025-10-22Sep/2025$2.32
2025-07-22Jun/2025$2.38
2025-07-21--
2025-04-23Mar/2025$2.32
2025-04-22--

Filings and sources

Company website
averydennison.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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