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CompareEarnings: May 31, 2026

Avery Dennison Corp

Exchange: NYSESector: Consumer CyclicalIndustry: Packaging & Containers

Avery Dennison Corporation is a global materials science and digital identification solutions company. We are Making Possible™ products and solutions that help advance the industries we serve, providing branding and information solutions that optimize labor and supply chain efficiency, reduce waste, advance sustainability, circularity and transparency, and better connect brands and consumers. We design and develop labeling and functional materials, radio-frequency identification (RFID) inlays and tags, software applications that connect the physical and digital, and offerings that enhance branded packaging and carry or display information that improves the customer experience. Serving industries worldwide — including home and personal care, apparel, general retail, e-commerce, logistics, food and grocery, pharmaceuticals and automotive — we employ approximately 35,000 employees in more than 50 countries. Our reported sales in 2024 were $8.8 billion.

Did you know?

Carries 18.4x more debt than cash on its balance sheet.

Current Price

$171.47

-0.94%

GoodMoat Value

$228.94

33.5% undervalued
Profile
Valuation (TTM)
Market Cap$13.25B
P/E19.26
EV$16.27B
P/B5.91
Shares Out77.30M
P/Sales1.50
Revenue$8.86B
EV/EBITDA12.09

Avery Dennison Corp (AVY) Financial Statements

GoodMoat Analysis

Based on data as of March 26, 2026

Avery Dennison exhibits strong profitability and cash generation with a high ROE of 30.7% and a 5.3% FCF yield, but faces headwinds with modest revenue growth of 3.9% and a leveraged balance sheet (Debt/Equity of 1.66). The financial quality is mixed, showing operational strength offset by slower growth and higher leverage.

Read full analysis
From a quality perspective, Avery Dennison presents a mixed but operationally strong profile. The company is highly profitable, with a 30.7% Return on Invested Capital (ROIC), which far exceeds the framework's high-quality threshold of 15-20%. This indicates excellent capital efficiency. Free cash flow generation is also robust, with a 5.3% FCF yield, translating to a P/FCF of approximately 19x, which is favourable for a stable business. The 12.7% operating margin provides a solid base for cash conversion. However, growth is a clear concern. The 3.9% YoY revenue growth is modest and does not meet the framework's preference for consistent double-digit expansion, placing it in an 'Unfavourable' category for that specific indicator. The balance sheet carries significant leverage with a Debt/Equity ratio of 1.66, which is high and warrants caution, though the healthy FCF provides some capacity to service debt. Overall, the company scores well on profitability and cash flow but is marked down for slower growth and financial leverage. Analysis based on data as of 2024-05-15.

AVY Financial Data

EBITDA$1.39B
Revenue (TTM)$8.86B
Gross Profit (TTM)$2.55B
Gross Margin—
Operating Margin12.69%
ROE30.69%
ROA7.82%
Debt/Equity1.66
Current Ratio1.13
FCF$703.60M
FCF Yield5.31%
Piotroski F-Score—
Rev/Share (TTM)$114.57
50-Day MA$182.16
200-Day MA$174.56
Shares Outstanding0.08B

AVY Computed Insights

FCF$703.60M
FCF Growth Rate5.96%
EPS Growth (CAGR)5.96%
WACC10.00%

Income Statement

Balance Sheet

Cash Flow Statement

AVY Financial Statements & Data

Avery Dennison Corp (AVY) financial data including income statement, balance sheet, and cash flow statement. This page provides a comprehensive view of Avery Dennison Corp's financial performance and position as a Consumer Cyclical company.

Trailing twelve-month (TTM) revenue is $8.86B. Gross profit (TTM) is $2.55B. EBITDA is $1.39B. Earnings per share (EPS) is $8.79. The P/E ratio is 19.26. Market capitalization is $13.25B.

Free cash flow (FCF) is $703.60M. FCF growth rate is 5.96%. EPS growth CAGR is 5.96%. Weighted average cost of capital (WACC) is 10.00%.

Historical revenue data covers 7 years from FY19 to FY25. Net income history spans 7 years. Free cash flow and capital expenditure data spans 7 years. GoodMoat displays interactive charts for revenue, net income, FCF vs CAPEX, and cash-to-debt ratios to help investors identify financial trends.

Use Avery Dennison Corp's financial data to assess the company's earnings quality, balance sheet health, and cash generation. Compare key metrics across periods to identify trends before making investment decisions with GoodMoat's valuation tools.