Avery Dennison

US · AVY #1249 by market cap Listed 1970

166.97 -1.48 -0.88%

Live - 5344 symbols - heartbeat 57s ago · 2026-10-07 19:54

After-hours 166.97 0.00%

Market cap: 12.65B
P/E (TTM): 18.27
P/B: 5.45
EPS: 8.79
Div yield: 2.29%
52W pos: 36%

Reader sentiment Are you bullish or bearish on AVY?

Anonymous reader poll. Unscientific, not investment advice.

✦ Quant Financial Health how this is computed

Good

Altman Z-Score is 3.52, above the 3.0 "safe zone" threshold.
Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.

Revenue annual, last 8 years

Latest year +1.14% YoY

Margins

Gross margin: 28.75%
Operating margin: 12.69%
Net margin: 7.77%

Key ratios & quality

Enterprise value: 16.18B
Altman Z-Score: 3.52

Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.

Income statement

Line item	2018	2019	2021	2021	2022	2023	2024	2025
Revenue	7.16B	7.07B	6.97B	8.41B	9.04B	8.36B	8.76B	8.86B
Gross profit	1.92B	1.90B	1.92B	2.31B	2.40B	2.28B	2.53B	2.55B
Selling & admin expenses	1.13B	1.08B	1.06B	1.11B	1.19B	1.18B	1.28B	1.29B
Research & development	--	--	--	136.60M	136.10M	135.80M	137.80M	136.60M
Operating profit	788.00M	823.70M	862.80M	1.06B	1.07B	963.80M	1.12B	1.12B
Pretax profit	554.80M	249.50M	737.30M	992.60M	999.30M	694.70M	953.50M	925.10M
Tax	85.40M	-56.70M	177.70M	248.60M	242.20M	191.70M	248.60M	237.10M
Net profit	467.40M	303.60M	555.90M	740.10M	757.10M	503.00M	704.90M	688.00M
Basic EPS	5	4	7	9	9	6	9	9
Diluted EPS	5.28	3.57	6.61	8.83	9.21	6.20	8.73	8.79

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
Revenue	2.15B	2.22B	2.22B	2.27B	2.30B	2.46B
Gross profit	621.50M	639.10M	635.00M	650.70M	664.80M	729.40M
Selling & admin expenses	347.00M	352.40M	353.90M	232.60M	375.10M	394.80M
Research & development	--	--	--	--	--	--
Operating profit	274.50M	286.70M	281.10M	281.50M	289.70M	334.60M
Pretax profit	227.00M	255.50M	234.80M	207.80M	240.40M	282.70M
Tax	60.70M	66.50M	68.50M	41.40M	72.30M	78.60M
Net profit	166.30M	189.00M	166.30M	166.40M	168.10M	204.10M
Basic EPS	2	2	2	2	2	3
Diluted EPS	2.09	2.41	2.13	2.15	2.18	2.67

Balance sheet

Line item	2018	2019	2021	2021	2022	2023	2024	2025
Total current assets	2.30B	2.34B	2.42B	2.73B	2.78B	2.80B	3.08B	2.99B
Cash & ST investments	232.00M	253.70M	252.30M	162.70M	167.20M	215.00M	329.10M	202.80M
Inventory	651.40M	663.00M	717.20M	907.20M	1.01B	920.70M	978.10M	975.80M
Total assets	5.18B	5.49B	6.08B	7.97B	7.95B	8.21B	8.40B	8.80B
Total current liabilities	1.99B	2.25B	1.93B	2.55B	2.80B	2.70B	2.86B	2.65B
Short-term debt	194.60M	440.20M	64.70M	318.80M	598.60M	622.20M	592.30M	522.90M
Long-term debt	1.77B	1.50B	2.05B	2.79B	2.50B	2.62B	2.56B	3.21B
Total liabilities	4,222,400,000.00	4,284,800,000.00	4,599,000,000.00	6,047,200,000.00	5,918,300,000.00	6,081,900,000.00	6,091,900,000.00	6,559,600,000.00
Total equity	955.10M	1.20B	1.48B	1.92B	2.03B	2.13B	2.31B	2.24B
Retained earnings	2.86B	2.98B	3.35B	3.88B	4.41B	4.69B	5.15B	5.60B

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
Total current assets	3.03B	3.18B	3.52B	2.99B	3.22B	3.40B
Cash & ST investments	195.90M	215.90M	536.30M	202.80M	255.10M	227.30M
Inventory	1.02B	1.03B	1.04B	975.80M	989.40M	1.03B
Total assets	8.35B	8.57B	8.87B	8.80B	8.98B	9.21B
Total current liabilities	2.95B	3.06B	2.79B	2.65B	2.80B	3.01B
Short-term debt	877.50M	922.00M	578.80M	522.90M	605.00M	500.50M
Long-term debt	2.58B	2.63B	3.20B	3.21B	3.19B	3.18B
Total liabilities	6,184,200,000.00	6,366,600,000.00	6,655,900,000.00	6,559,600,000.00	6,678,100,000.00	6,889,500,000.00
Total equity	2.17B	2.20B	2.21B	2.24B	2.30B	2.32B
Retained earnings	5.28B	5.40B	5.50B	5.60B	5.71B	5.84B

Cash flow

Line item	2018	2019	2021	2021	2022	2023	2024	2025
Operating cash flow	457.90M	746.50M	751.30M	1.05B	961.00M	826.00M	938.80M	881.40M
Depreciation & amortization	181.00M	179.00M	205.30M	244.10M	290.70M	298.40M	312.20M	328.20M
Free cash flow	201.30M	489.30M	532.70M	774.70M	662.50M	540.90M	699.00M	681.00M
Dividends paid	-175.00M	-189.70M	-196.80M	-220.60M	-238.90M	-256.70M	-277.50M	-288.40M
Stock buybacks / issuance	-392.90M	-237.70M	-104.30M	-180.90M	-379.50M	-137.50M	-247.50M	-572.30M
Ending cash balance	232.00M	253.70M	252.30M	162.70M	167.20M	215.00M	329.10M	202.80M

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
Operating cash flow	-16.30M	208.80M	312.10M	376.80M	136.50M	408.20M
Depreciation & amortization	77.90M	80.80M	84.00M	85.50M	86.80M	86.40M
Free cash flow	-59.90M	171.20M	268.50M	301.20M	100.50M	362.80M
Dividends paid	-69.40M	-73.50M	-73.10M	-72.40M	-72.30M	-76.20M
Stock buybacks / issuance	-261.60M	-98.40M	-93.60M	-118.70M	-60.60M	-137.60M
Ending cash balance	195.90M	215.90M	536.30M	202.80M	255.10M	227.30M

Returns & efficiency

Line item	2018	2019	2021	2021	2022	2023	2024	2025
ROE %	46.71	28.12	41.35	43.42	38.27	24.18	31.75	30.21
ROA %	9.06	5.69	9.61	10.53	9.51	6.23	8.49	8.00
ROIC %	18.63	11.84	18.06	18.37	16.15	11.22	14.61	13.79
5-year avg ROE %	31.15	32.92	35.74	37.64	39.57	35.07	35.79	33.57
EBIT margin %	8.57	4.60	11.58	12.64	11.99	9.73	12.23	11.98
FCF / sales %	2.81	6.92	7.64	9.21	7.33	6.47	7.98	7.69
Current ratio	1.15	1.04	1.25	1.07	0.99	1.04	1.08	1.13
Quick ratio	0.71	0.65	0.77	0.62	0.55	0.60	0.63	0.64
Debt / assets	37.98	35.34	34.79	38.95	39.02	39.52	37.51	42.41
LT debt / equity	185.49	124.53	138.20	144.77	123.19	123.22	110.71	143.17
Interest coverage	10.48	4.29	11.53	15.14	12.88	6.84	9.15	7.83
Revenue CAGR (3Y) %	6.26	5.12	1.77	5.51	8.54	6.26	1.36	-0.68
Net income CAGR (3Y) %	19.44	-1.81	25.42	16.56	35.61	-3.28	-1.61	-3.14
FCF CAGR (3Y) %	-14.51	9.22	8.28	56.71	10.63	0.51	-3.37	0.92

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
ROE %	31.95	31.68	30.21	30.21	30.86	31.16
ROA %	8.41	8.43	8.03	8.00	7.96	7.93
ROIC %	14.21	14.26	13.65	13.79	13.53	13.76
5-year avg ROE %	--	--	--	--	--	--
EBIT margin %	12.17	12.44	12.38	11.98	11.98	11.98
FCF / sales %	6.57	6.89	7.44	7.69	9.34	11.17
Current ratio	1.03	1.04	1.26	1.13	1.15	1.13
Quick ratio	0.58	0.60	0.78	0.64	0.68	0.67
Debt / assets	41.40	41.43	42.64	42.41	42.21	39.93
LT debt / equity	118.94	119.38	144.83	143.17	138.45	136.80
Interest coverage	8.93	8.76	8.53	7.83	7.70	7.80
Revenue CAGR (3Y) %	--	--	--	--	--	--
Net income CAGR (3Y) %	--	--	--	--	--	--
FCF CAGR (3Y) %	--	--	--	--	--	--

✦ Quant Revenue Concentration how this is computed

Single-engine

Materials Group is the largest reported line at 72.93% of revenue, across 2 reported segments.
The next-largest line, Solutions Group, is a distant second at 27.07% - a sharp slowdown here would have little to offset it.

Revenue breakdown most recent period

Business

Materials Group72.93%

Solutions Group27.07%

Quote time 2026-10-07 19:54:59 · For reference only, not investment advice and not tailored to your situation.