Avery Dennison Corporation (AVY) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 2.3B | 2.27B | 2.22B | 2.22B | 2.15B | 2.19B | 2.18B | 2.24B | 2.15B | 2.11B | 2.1B | 2.09B | 2.06B | 2.03B | 2.32B | 2.35B | 2.35B | 2.18B | 2.07B | 2.1B |
| Revenue Growth % | 6.99% | 3.91% | 1.47% | -0.66% | -0.14% | 3.56% | 4.06% | 6.93% | 4.18% | 4.18% | -9.44% | -10.93% | -12.1% | -7.21% | 11.84% | 11.66% | 14.53% | 9.66% | 19.82% | 37.52% |
| Cost of Goods Sold | 1.63B | 1.62B | 1.58B | 1.58B | 1.53B | 1.58B | 1.56B | 1.57B | 1.52B | 1.51B | 1.51B | 1.54B | 1.52B | 1.53B | 1.7B | 1.7B | 1.71B | 1.6B | 1.52B | 1.53B |
| COGS % of Revenue | 71.08% | 71.35% | 71.34% | 71.22% | 71.07% | 72.13% | 71.3% | 70.35% | 70.61% | 71.76% | 72.08% | 73.53% | 73.74% | 75.31% | 73.28% | 72.58% | 72.7% | 73.2% | 73.24% | 72.58% |
| Gross Profit | 664.8M | 650.7M | 635M | 639.1M | 621.5M | 609.2M | 626.6M | 662.7M | 632.2M | 596M | 585.8M | 553.4M | 542.3M | 500.2M | 619.2M | 643.5M | 641.3M | 585.1M | 554.4M | 576.3M |
| Gross Margin % | 28.92% | 28.65% | 28.66% | 28.78% | 28.93% | 27.87% | 28.7% | 29.65% | 29.39% | 28.24% | 27.92% | 26.47% | 26.26% | 24.69% | 26.72% | 27.42% | 27.3% | 26.8% | 26.76% | 27.42% |
| Gross Profit Growth % | 6.97% | 6.81% | 1.34% | -3.56% | -1.69% | 2.21% | 6.96% | 19.75% | 16.58% | 19.15% | -5.39% | -14% | -15.44% | -14.51% | 11.69% | 11.66% | 7.42% | 2.45% | 14.5% | 50.51% |
| Operating Expenses | 392.9M | 369.2M | 353.9M | 352.4M | 366.9M | 329.3M | 346.9M | 373.9M | 365.2M | 334.9M | 332.6M | 319.6M | 334.4M | 312.3M | 330.8M | 332.7M | 355M | 332.3M | 296.9M | 307M |
| OpEx % of Revenue | 17.09% | 16.26% | 15.97% | 15.87% | 17.08% | 15.07% | 15.89% | 16.73% | 16.98% | 15.87% | 15.85% | 15.29% | 16.19% | 15.42% | 14.28% | 14.18% | 15.11% | 15.22% | 14.33% | 14.61% |
| Selling, General & Admin | 375.1M | 369.2M | 353.9M | 352.4M | 366.9M | 329.3M | 346.9M | 373.9M | 365.2M | 334.9M | 332.6M | 319.6M | 334.4M | 312.3M | 330.8M | 332.7M | 355M | 332.3M | 296.9M | 307M |
| SG&A % of Revenue | 16.32% | 16.26% | 15.97% | 15.87% | 17.08% | 15.07% | 15.89% | 16.73% | 16.98% | 15.87% | 15.85% | 15.29% | 16.19% | 15.42% | 14.28% | 14.18% | 15.11% | 15.22% | 14.33% | 14.61% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 271.9M | 281.5M | 281.1M | 286.7M | 254.6M | 279.9M | 279.7M | 288.8M | 267M | 261.1M | 253.2M | 233.8M | 207.9M | 187.9M | 288.4M | 310.8M | 286.3M | 252.8M | 257.5M | 269.3M |
| Operating Margin % | 11.83% | 12.39% | 12.69% | 12.91% | 11.85% | 12.81% | 12.81% | 12.92% | 12.41% | 12.37% | 12.07% | 11.18% | 10.07% | 9.27% | 12.45% | 13.24% | 12.19% | 11.58% | 12.43% | 12.81% |
| Operating Income Growth % | 6.79% | 0.57% | 0.5% | -0.73% | -4.64% | 7.2% | 10.47% | 23.52% | 28.43% | 38.96% | -12.21% | -24.77% | -27.38% | -25.67% | 12% | 15.41% | 0.56% | -6.13% | 13.99% | 64.71% |
| EBITDA | 276M | 245M | 365.1M | 367.5M | 332.5M | 358.1M | 357.8M | 367.4M | 344.3M | 338.1M | 328.3M | 307.8M | 280.2M | 261.4M | 360.4M | 384M | 358.3M | 325.4M | 319.4M | 324.5M |
| EBITDA Margin % | 12.01% | 10.79% | 16.48% | 16.55% | 15.48% | 16.38% | 16.39% | 16.44% | 16% | 16.02% | 15.65% | 14.72% | 13.57% | 12.9% | 15.55% | 16.36% | 15.25% | 14.9% | 15.42% | 15.44% |
| EBITDA Growth % | -16.99% | -31.58% | 2.04% | 0.03% | -3.43% | 5.92% | 8.99% | 19.36% | 22.88% | 29.34% | -8.91% | -19.84% | -21.8% | -19.67% | 12.84% | 18.34% | 5.66% | 0.18% | 14.93% | 51.78% |
| D&A (Non-Cash Add-back) | 0 | 0 | 84M | 80.8M | 77.9M | 78.2M | 78.1M | 78.6M | 77.3M | 77M | 75.1M | 74M | 72.3M | 73.5M | 72M | 73.2M | 72M | 72.6M | 61.9M | 55.2M |
| EBIT | 276M | 245M | 268.1M | 289.5M | 257.9M | 270.6M | 269.3M | 267.6M | 263M | 231.3M | 215.6M | 172.1M | 194.7M | 191.7M | 293.7M | 308.7M | 289.3M | 264M | 242.4M | 271.3M |
| Net Interest Income | -35.6M | -37.2M | -33.3M | -34M | -30.9M | -29.2M | -30M | -29.2M | -28.6M | -22.8M | -31M | -31.9M | -26.4M | -22.5M | -21.2M | -20.8M | -19.6M | -20M | -18M | -16M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.9M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 35.6M | 37.2M | 33.3M | 34M | 30.9M | 29.2M | 30M | 29.2M | 28.6M | 29.7M | 31M | 31.9M | 26.4M | 22.5M | 21.2M | 20.8M | 19.6M | 20M | 18M | 16M |
| Other Income/Expense | -31.5M | -73.7M | -46.3M | -31.2M | -27.6M | -38.5M | -40.4M | -50.4M | -32.6M | -59.5M | -68.6M | -93.6M | -39.6M | -18.7M | -15.9M | -22.9M | -16.6M | -9.2M | -34.2M | -15.1M |
| Pretax Income | 240.4M | 207.8M | 234.8M | 255.5M | 227M | 241.4M | 239.3M | 238.4M | 234.4M | 201.6M | 184.6M | 140.2M | 168.3M | 169.2M | 272.5M | 287.9M | 269.7M | 243.6M | 223.3M | 254.2M |
| Pretax Margin % | 10.46% | 9.15% | 10.6% | 11.51% | 10.57% | 11.04% | 10.96% | 10.67% | 10.9% | 9.55% | 8.8% | 6.71% | 8.15% | 8.35% | 11.76% | 12.27% | 11.48% | 11.16% | 10.78% | 12.09% |
| Income Tax | 72.3M | 41.4M | 68.5M | 66.5M | 60.7M | 67.4M | 57.6M | 61.6M | 62M | 58.5M | 46.3M | 39.8M | 47.1M | 46.3M | 51M | 73.4M | 71.5M | 60.9M | 59.2M | 70.4M |
| Effective Tax Rate % | 30.07% | 19.92% | 29.17% | 26.03% | 26.74% | 27.92% | 24.07% | 25.84% | 26.45% | 29.02% | 25.08% | 28.39% | 27.99% | 27.36% | 18.72% | 25.49% | 26.51% | 25% | 26.51% | 27.69% |
| Net Income | 168.1M | 166.4M | 166.3M | 189M | 166.3M | 174M | 181.7M | 176.8M | 172.4M | 143.1M | 138.3M | 100.4M | 121.2M | 122.9M | 221.5M | 214.5M | 198.2M | 182.7M | 164.1M | 183.8M |
| Net Margin % | 7.31% | 7.33% | 7.51% | 8.51% | 7.74% | 7.96% | 8.32% | 7.91% | 8.01% | 6.78% | 6.59% | 4.8% | 5.87% | 6.07% | 9.56% | 9.14% | 8.44% | 8.37% | 7.92% | 8.74% |
| Net Income Growth % | 1.08% | -4.37% | -8.48% | 6.9% | -3.54% | 21.59% | 31.38% | 76.1% | 42.24% | 16.44% | -37.56% | -53.19% | -38.85% | -32.73% | 34.98% | 16.7% | -5.39% | -4.6% | 9.04% | 130.61% |
| Net Income (Continuing) | 168.1M | 166.4M | 166.3M | 189M | 166.3M | 174M | 181.7M | 176.8M | 172.4M | 143.1M | 138.3M | 100.4M | 121.2M | 122.9M | 221.5M | 214.5M | 198.2M | 182.7M | 164.1M | 183.8M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 2.18 | 2.15 | 2.13 | 2.41 | 2.09 | 2.16 | 2.25 | 2.18 | 2.13 | 1.77 | 1.71 | 1.24 | 1.49 | 1.51 | 2.70 | 2.61 | 2.39 | 2.19 | 1.96 | 2.19 |
| EPS Growth % | 4.31% | -0.46% | -5.33% | 10.55% | -1.88% | 22.03% | 31.58% | 75.81% | 42.95% | 17.22% | -36.67% | -52.49% | -37.66% | -31.05% | 37.76% | 19.18% | -4.4% | -3.95% | 9.5% | 130.53% |
| EPS (Basic) | 2.18 | 2.15 | 2.13 | 2.42 | 2.10 | 2.18 | 2.26 | 2.20 | 2.14 | 1.78 | 1.72 | 1.24 | 1.50 | 1.52 | 2.73 | 2.63 | 2.41 | 2.21 | 1.98 | 2.21 |
| Diluted Shares Outstanding | 77M | 77.4M | 78.3M | 78.3M | 79.4M | 80.4M | 80.8M | 81M | 81M | 81M | 81M | 81M | 81.5M | 81.6M | 81.9M | 82.1M | 83M | 83.6M | 83.7M | 83.8M |
| Basic Shares Outstanding | 77M | 77.4M | 78.04M | 78.04M | 78.97M | 79.8M | 80.44M | 80.5M | 80.5M | 80.5M | 80.6M | 80.7M | 80.9M | 80.81M | 81.2M | 81.7M | 82.4M | 82.61M | 82.83M | 82.95M |
| Dividend Payout Ratio | 43.01% | 43.51% | 43.96% | 38.89% | 41.73% | 40.46% | 39.02% | 40.1% | 37.88% | 45.56% | 47.22% | 65.14% | 50.17% | 49.31% | 27.49% | 28.53% | 28.36% | 30.82% | 34.31% | 30.69% |