Financials · AVY

Avery Dennison Corporation (AVY) financials

For the twelve months ended Sep 30, 2026, Avery Dennison Corporation reported $9.36B of revenue and $708.30M of net income.

Revenue, TTM
$9.36B
Revenue growth, YoY
+6.8%
Net income, TTM
$708.30M
Net income growth, YoY
+1.8%
Net margin
7.6%
Free cash flow, TTM
$1.04B
EPS, diluted, TTM
$9.25
EPS growth, YoY
+5.1%
Cash
$271.40M
Total debt
$3.62B
P/E
20.05
P/S
1.52
Market cap
$14.20B
Annual revenue$8.86B
FY2016FY2025
Annual net income$688.00M
FY2016FY2025
Annual free cash flow$712.40M
FY2016FY2025

AVY revenue and earnings growth

AVY revenueQ3 2026$2.33B

Quarter YoY
+5.2%
QoQ
-5.3%
FY YoY
+1.1%
5Y CAGR
+4.9%
10Y CAGR
+4.0%

AVY revenue was $2.33B in fiscal Q3 2026 (ended Sep 30, 2026), up 5.2% from a year earlier and down 5.3% from the prior quarter. For the full fiscal 2025 it was $8.86B, up 1.1% from fiscal 2024. Compound annual growth was +4.9% over 5 years and +4.0% over 10 years. It rose in 7 of the last 10 fiscal years.

AVY net incomeQ3 2026$169.70M

Quarter YoY
+2.0%
QoQ
-16.9%
FY YoY
-2.4%
5Y CAGR
+4.4%
10Y CAGR
+9.6%

AVY net income was $169.70M in fiscal Q3 2026 (ended Sep 30, 2026), up 2.0% from a year earlier and down 16.9% from the prior quarter. For the full fiscal 2025 it was $688.00M, down 2.4% from fiscal 2024. Compound annual growth was +4.4% over 5 years and +9.6% over 10 years. It rose in 6 of the last 10 fiscal years.

AVY EPSQ3 2026$2.24

Quarter YoY
+5.2%
QoQ
-16.1%
FY YoY
+0.7%
5Y CAGR
+5.9%
10Y CAGR
+11.5%

AVY diluted EPS was $2.24 in fiscal Q3 2026 (ended Sep 30, 2026), up 5.2% from a year earlier and down 16.1% from the prior quarter. For the full fiscal 2025 it was $8.79, up 0.7% from fiscal 2024. Compound annual growth was +5.9% over 5 years and +11.5% over 10 years.

AVY free cash flowQ3 2026$251.20M

Quarter YoY
-9.1%
QoQ
-31.9%
FY YoY
-2.4%
5Y CAGR
+5.3%
10Y CAGR
+7.7%

AVY free cash flow was $251.20M in fiscal Q3 2026 (ended Sep 30, 2026), down 9.1% from a year earlier and down 31.9% from the prior quarter. For the full fiscal 2025 it was $712.40M, down 2.4% from fiscal 2024. Compound annual growth was +5.3% over 5 years and +7.7% over 10 years. It rose in 6 of the last 10 fiscal years.

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Income statement

Income statement
Line item
Dec 31, 2025
Dec 28, 2024
Dec 30, 2023
Dec 31, 2022
Jan 1, 2022
Jan 2, 2021
Dec 28, 2019
Dec 29, 2018
Dec 30, 2017
Dec 31, 2016
Revenue$8.86B$8.76B$8.36B$9.04B$8.41B$6.97B$7.07B$7.16B$6.61B$6.09B
Cost of revenue$6.31B$6.22B$6.09B$6.64B$6.10B$5.05B$5.17B$5.24B$4.80B$4.39B
Gross profit$2.55B$2.53B$2.28B$2.40B$2.31B$1.92B$1.90B$1.92B$1.81B$1.70B
Research and development$136.60M$137.80M$135.80M$136.10M$136.60M$112.80M$92.60M$98.20M$93.40M$89.70M
Selling, general and admin$1.42B$1.42B$1.31B$1.33B$1.25B$1.06B$1.08B$1.13B$1.11B$1.09B
Interest expense$135.40M$117.00M$119.00M$84.10M$70.20M$70.00M$75.80M$58.50M$63.00M$59.90M
Pre-tax income$925.10M$953.50M$694.70M$999.30M$992.60M$737.30M$249.50M$554.80M$589.50M$477.10M
Income tax$237.10M$248.60M$191.70M$242.20M$248.60M$177.70M-$56.70M$85.40M$307.70M$156.40M
Net income$688.00M$704.90M$503.00M$757.10M$740.10M$555.90M$303.60M$467.40M$281.80M$320.70M
EPS, basic$8.81$8.77$6.23$9.28$8.93$6.67$3.61$5.35$3.19$3.60
EPS, diluted$8.79$8.73$6.20$9.21$8.83$6.61$3.57$5.28$3.13$3.54
Diluted shares78.3M80.7M81.1M82.2M83.8M84.1M85.0M88.6M90.1M90.7M

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 28, 2024
Dec 30, 2023
Dec 31, 2022
Jan 1, 2022
Jan 2, 2021
Dec 28, 2019
Dec 29, 2018
Dec 30, 2017
Dec 31, 2016
Cash and equivalents$202.80M$329.10M$215.00M$167.20M$162.70M$252.30M$253.70M$232.00M$224.40M$195.10M
Receivables$1.50B$1.47B$1.41B$1.37B$1.42B$1.24B$1.21B$1.19B$1.18B$1.00B
Inventory$975.80M$978.10M$920.70M$1.01B$907.20M$717.20M$663.00M$651.40M$609.60M$519.10M
Current assets$2.99B$3.08B$2.80B$2.78B$2.73B$2.42B$2.34B$2.30B$2.24B$1.90B
Goodwill$2.27B$1.98B$2.01B$1.86B$1.88B$1.14B$930.80M$941.80M$985.10M$793.60M
Total assets$8.80B$8.40B$8.21B$7.95B$7.97B$6.08B$5.49B$5.18B$5.14B$4.40B
Current liabilities$2.65B$2.86B$2.70B$2.80B$2.55B$1.93B$2.25B$1.99B$1.97B$2.00B
Short-term debt$522.90M$592.30M$622.20M$598.60M$318.80M$64.70M$440.20M$194.60M$265.40M$579.10M
Long-term debt$3.21B$2.56B$2.62B$2.50B$2.79B$2.05B$1.50B$1.77B$1.32B$713.40M
Total debt$3.73B$3.15B$3.24B$3.10B$3.10B$2.12B$1.94B$1.97B$1.58B$1.29B
Shareholders' equity$2.24B$2.31B$2.13B$2.03B$1.92B$1.48B$1.20B$955.10M$1.03B$925.50M

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 28, 2024
Dec 30, 2023
Dec 31, 2022
Jan 1, 2022
Jan 2, 2021
Dec 28, 2019
Dec 29, 2018
Dec 30, 2017
Dec 31, 2016
Operating cash flow$881.40M$938.80M$826.00M$961.00M$1.05B$751.30M$746.50M$457.90M$645.70M$582.10M
Capital expenditures$169.00M$208.80M$265.30M$278.10M$255.00M$201.40M$219.40M$226.70M$190.50M$176.90M
Free cash flow$712.40M$730.00M$560.70M$682.90M$791.80M$549.90M$527.10M$231.20M$455.20M$405.20M
Investing cash flow-$596.00M-$243.10M-$459.00M-$332.70M-$1.74B-$554.20M-$251.00M-$232.50M-$543.30M-$432.20M
Financing cash flow-$414.90M-$576.10M-$317.20M-$615.20M$604.30M-$207.70M-$470.30M-$208.10M-$83.90M-$106.20M
Dividends paid$288.40M$277.50M$256.70M$238.90M$220.60M$196.80M$189.70M$175.00M$155.50M$142.50M
Share repurchases$572.30M$247.50M$137.50M$379.50M$180.90M$104.30M$237.70M$392.90M$129.70M$262.40M
Stock-based compensation$27.90M$28.70M$22.30M$47.40M$37.20M$24.00M$34.50M$34.30M$30.20M$27.20M
Depreciation and amortization$328.20M$312.20M$298.40M$290.70M$244.10M$205.30M$179.00M$181.00M$178.70M$180.10M

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 28, 2024
Dec 30, 2023
Dec 31, 2022
Jan 1, 2022
Jan 2, 2021
Dec 28, 2019
Dec 29, 2018
Dec 30, 2017
Dec 31, 2016
Revenue growth, YoY1.1%4.7%-7.5%7.5%20.6%-1.4%-1.2%8.2%8.7%2.0%
Net income growth, YoY-2.4%40.1%-33.6%2.3%33.1%83.1%-35.0%65.9%-12.1%16.9%
EPS growth, YoY0.7%40.8%-32.7%4.3%33.6%85.2%-32.4%68.7%-11.6%20.0%
Gross margin28.8%28.9%27.2%26.6%27.5%27.6%26.9%26.8%27.4%27.9%
Net margin7.8%8.1%6.0%8.4%8.8%8.0%4.3%6.5%4.3%5.3%
Free cash flow margin8.0%8.3%6.7%7.6%9.4%7.9%7.5%3.2%6.9%6.7%
Return on equity30.7%30.5%23.6%37.3%38.5%37.4%25.2%48.9%27.3%34.7%
Return on assets7.8%8.4%6.1%9.5%9.3%9.1%5.5%9.0%5.5%7.3%
Current ratio1.131.081.040.991.071.251.041.151.130.95
Debt to equity1.661.361.521.531.611.431.612.061.531.40

Source: XBRL data Avery Dennison Corporation files with the SEC, latest filing dated Nov 3, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

AVY peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
AVY$9.36B+6.8%$708.30M7.6%$14.20B
KMB$16.57B+0.6%$3.30B19.9%$67.15B
PKG$9.82B+12.0%$727.10M7.4%$22.36B
SW$31.48B+1.1%$473.00M1.5%$22.21B
BALL$15.13B+19.2%$532.00M3.5%$17.04B
CCK$13.77B+13.4%$857.00M6.2%$13.14B
WMS$3.26B+9.2%$405.49M12.4%$9.27B
REYN$3.80B+2.5%$323.00M8.5%$5.23B
SON$7.37B+3.6%-$227.21M-3.1%$4.84B

AVY FAQ

9 questions
  • What is AVY revenue?
    Avery Dennison Corporation (AVY) reported $9.36B of revenue for the twelve months ended Sep 30, 2026. That is up 6.8% from the year before. Revenue for fiscal 2025 was $8.86B.
  • Is AVY profitable?
    Yes. Avery Dennison Corporation earned $708.30M in net income for the twelve months ended Sep 30, 2026, a net margin of 7.6%.
  • How much cash and debt does AVY have?
    Avery Dennison Corporation reported $271.40M in cash and cash equivalents and $3.62B of debt on its most recent balance sheet in SEC filings.
  • How fast is AVY revenue growing?
    Avery Dennison Corporation's revenue changed +1.1% in fiscal 2025, to $8.86B. Its compound annual growth rate was +4.9% over 5 years and +4.0% over 10 years.
  • What is AVY gross margin?
    Avery Dennison Corporation's gross profit was $2.70B on $9.36B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 28.8%.
  • What is AVY free cash flow?
    Avery Dennison Corporation generated $1.04B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $1.22B less capital expenditures.
  • What is AVY earnings per share?
    Diluted earnings per share were $9.25 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did AVY last report financial results?
    The latest statements here come from Avery Dennison Corporation's 10-Q filed on Nov 3, 2026, covering the period ended Sep 30, 2026.
  • Where does this AVY financial data come from?
    Quantisnow builds these statements from the structured XBRL data Avery Dennison Corporation files with the SEC. It is provided for information only and is not investment advice.