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AVYAvery Dennison Corporation
$164.35$12.6B
Overview & Verdict
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AVY logoAvery Dennison Corporation(AVY)Earnings, Financials & Key Ratios

AVY•NYSE
$164.35
18.7× P/E·Price updated Jul 7, 2026
SectorIndustrialsIndustryBusiness EquipmentSub-IndustryPrinting, Labels and Packaging Materials
AboutAvery Dennison Corporation manufactures and markets pressure-sensitive materials and products in the United States, Europe, Asia, Latin America, and internationally. The company's Label and Graphic Materials segment offers pressure-sensitive label and packaging materials; and graphics and reflective products under the Fasson, JAC, Avery Dennison, and Mactac brands, as well as durable cast and reflective films. It provides its products to the home and personal care, beer and beverage, durables, pharmaceutical, wine and spirits, and food market segments; architectural, commercial sign, digital printing, and other related market segments; construction, automotive, and fleet transportation market segments, as well as traffic and safety applications; and sign shops, commercial printers, and designers. The company's Retail Branding and Information Solutions segment designs, manufactures, and sells brand embellishments, graphic tickets, tags and labels, and sustainable packaging solutions, as well as offers creative services; radio-frequency identification products; visibility and loss prevention solutions; price ticketing and marking solutions; care, content, and country of origin compliance solutions; and brand protection and security solutions. It serves retailers, brand owners, apparel manufacturers, distributors, and industrial customers. The company's Industrial and Healthcare Materials segment offers tapes; pressure-sensitive adhesive based materials and converted products; medical fasteners; and performance polymers under the Fasson, Avery Dennison, and Yongle brands. It serves automotive, electronics, building and construction, general industrial, personal care, and medical markets. The company was formerly known as Avery International Corporation and changed its name to Avery Dennison Corporation in 1990. Avery Dennison Corporation was founded in 1935 and is headquartered in Glendale, California.Show more
  • Revenue$8.86B+1.1%
  • EBITDA$1.35B-6.5%
  • Net Income$688M-2.4%
  • EPS (Diluted)8.78+0.6%
  • Gross Margin28.75%-0.4%
  • EBITDA Margin15.21%-7.5%
  • Operating Margin12.47%-3.2%
  • Net Margin7.77%-3.5%
  • ROE30.21%-4.8%

AVY Price & Volume

Avery Dennison Corporation (AVY) stock price & volume — 10-year historical chart

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Stagnant Organic Growth Masks Rising Debt Risks

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Mixed
Profitability:Moderate
Financial:Strained
Cash Flow:Mixed
Primary Risk:Commodity-driven margin volatility

Key Thesis Takeaways

  • Avery Dennison faces a challenging fundamental outlook characterized by inconsistent organic revenue growth, which fluctuated between a 0.7% contraction and 7.0% expansion in recent quarters.
  • While the company attempts to pivot toward digital identification, structural margin constraints remain evident as operating margins hover near 12% despite varying gross profit levels.
  • Investors should remain cautious regarding the company's capital structure, as total debt has climbed to $3.8 billion, significantly increasing the debt-to-equity ratio to 1.65 as of 2026Q1.

Verdict Logic

while the forward P/E of 16.53 suggests a moderate valuation, the combination of a 1.65 debt-to-equity ratio and inconsistent cash conversion cycles warrants a cautious wait-and-see approach.

AVY Growth Metrics

Avery Dennison Corporation (AVY) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years4.03%
5 Years4.9%
3 Years-0.68%
TTM2.89%

Profit CAGR

10 Years9.63%
5 Years4.36%
3 Years-3.14%
TTM-1.29%

EPS CAGR

10 Years11.52%
5 Years5.84%
3 Years-1.58%
TTM2.19%

Return on Capital

10 Years22.45%
5 Years19.83%
3 Years19.07%
Last Year18.89%

AVY Recent Earnings

Avery Dennison Corporation (AVY) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 4/12 qtrs (33%)
Q2 2026Latest
Apr 28, 2026
Metric
Actual
Est
EPS
$2.47+1.6%
$2.43
Rev
$2.3B+1.7%
$2.3B
Q1 2026
Feb 4, 2026
Metric
Actual
Est
EPS
$2.45+2.1%
$2.40
Rev
$2.3B-0.5%
$2.3B
Q4 2025
Oct 22, 2025
Metric
Actual
Est
EPS
$2.37+1.7%
$2.33
Rev
$2.2B-0.1%
$2.2B
Q3 2025
Jul 22, 2025
Metric
Actual
Est
EPS
$2.42+1.3%
$2.39
Rev
$2.2B-1.0%
$2.2B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 28, 2026
$2.47vs $2.43+1.6%
$2.3Bvs $2.3B+1.7%
Q1 2026Feb 4, 2026
$2.45vs $2.40+2.1%
$2.3Bvs $2.3B-0.5%
Q4 2025Oct 22, 2025
$2.37vs $2.33+1.7%
$2.2Bvs $2.2B-0.1%
Q3 2025Jul 22, 2025
$2.42vs $2.39+1.3%
$2.2Bvs $2.2B-1.0%
Based on last 12 quarters of dataView full earnings history →

Latest AVY News

Recent stock market news and headlines for Avery Dennison Corporation (AVY)

Business Wire·6 days ago
Avery Dennison to Webcast Second Quarter 2026 Earnings Conference Call

MENTOR, Ohio--(BUSINESS WIRE)--Avery Dennison Corporation (NYSE: AVY), a leading global materials science and digital identification solutions company, today announced it will host its second quarter 2026 earnings conference call at 11:00 a.m. ET on Thursday, July 30, 2026. The company's second quarter 2026 earnings release will be issued that morning at approximately 6:45 a.m. ET. The event will be webcast live, and the replay will be available on Avery Dennison's Investor Relations website (w.

Peers Comparison

Key metrics vs top competitors for Avery Dennison Corporation (AVY)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
AVY logoAVYAvery Dennison CorporationCurrent
$164.35$12.64B18.721.14%7.77%30.21%2.27%
CCK logoCCKCrown Holdings, Inc.
$112.48$12.57B17.634.78%5.64%20.9%—
SEE logoSEESealed Air Corporation
$42.15$6.21B12.29-0.61%9.43%48.39%—
SON logoSONSonoco Products Company
$56.49$5.57B14.1941.72%13.83%30.03%—
SLGN logoSLGNSilgan Holdings Inc.
$45.18$4.77B16.7310.73%4.31%12.47%—
GPK logoGPKGraphic Packaging Holding Company
$10.51$3.11B7.10-2.16%3.17%8.37%—

Compare AVY vs Peers

Avery Dennison Corporation (AVY) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs CCK

Most directly comparable listed peer for AVY.

Scale Benchmark

vs AMZN

Larger-name benchmark to compare AVY against a more recognizable public peer.

Peer Set

Compare Top 5

vs CCK, SEE, SON, SLGN

AVY SEC Filings & Documents

Avery Dennison Corporation (AVY) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 28, 2026·SEC

Material company update

Feb 26, 2026·SEC

Material company update

Feb 4, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 25, 2026·SEC

FY 2025

Feb 26, 2025·SEC

FY 2024

Feb 21, 2024·SEC

10-Q Quarterly Reports

6
FY 2025

Oct 28, 2025·SEC

FY 2025

Jul 29, 2025·SEC

FY 2025

Apr 29, 2025·SEC

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AVY Frequently Asked Questions

Avery Dennison Corporation (AVY) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Avery Dennison Corporation's revenue?

Avery Dennison Corporation (AVY) reported $9.01B in revenue for fiscal year 2025. This represents a 179% increase from $3.22B in 1996.

How fast is Avery Dennison Corporation growing?

Avery Dennison Corporation (AVY) grew revenue by 1.1% over the past year. Growth has been modest.

Is AVY profitable?

Yes, Avery Dennison Corporation (AVY) is profitable, generating $689.8M in net income for fiscal year 2025 (7.8% net margin).

Dividend & Returns
Does AVY pay dividends?

Yes, Avery Dennison Corporation (AVY) pays a dividend with a yield of 2.27%. This makes it attractive for income-focused investors.

What is AVY's return on equity?

Avery Dennison Corporation (AVY) has a return on equity (ROE) of 30.2%. This is excellent, indicating efficient use of shareholder capital.

What is Avery Dennison Corporation's free cash flow?

Avery Dennison Corporation (AVY) generated $872.9M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in AVY back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →