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AVY

Avery Dennison Corporation

AVY

Avery Dennison Corporation • NYSE
$172.37 ▲ 0.09% (+0.15)
Market Cap $13.32 B
52w High $206.76
52w Low $156.23
Dividend Yield 3.64%
P/E 19.57
Volume 241.21K
Outstanding Shares 77.30M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $2.216B ▼ $353.9M ▲ $166.3M ▼ 7.506% ▼ $2.13 ▼ $352.1M ▼
Q2-2025 $2.22B ▲ $352.4M ▼ $189M ▲ 8.512% ▲ $2.42 ▲ $370.3M ▲
Q1-2025 $2.148B ▼ $366.9M ▲ $166.3M ▼ 7.741% ▼ $2.1 ▼ $335.8M ▼
Q4-2024 $2.186B ▲ $329.3M ▼ $174M ▼ 7.961% ▼ $2.18 ▼ $348.8M ▲
Q3-2024 $2.183B $346.9M $181.7M 8.322% $2.26 $347.4M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $536.3M ▲ $8.867B ▲ $6.656B ▲ $2.211B ▲
Q2-2025 $255.7M ▲ $8.568B ▲ $6.367B ▲ $2.202B ▲
Q1-2025 $195.9M ▼ $8.355B ▼ $6.184B ▲ $2.171B ▼
Q4-2024 $329.1M ▲ $8.404B ▼ $6.086B ▲ $2.312B ▼
Q3-2024 $212.7M $8.452B $6.058B $2.394B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $166.3M ▼ $312.1M ▲ $-43.4M ▼ $52.9M ▲ $326.8M ▲ $276.2M ▲
Q2-2025 $189M ▲ $208.8M ▲ $-28M ▲ $-163.6M ▼ $20M ▲ $178.8M ▲
Q1-2025 $166.3M ▼ $-16.3M ▼ $-33.2M ▲ $-84.9M ▲ $-133.2M ▼ $-52.3M ▼
Q4-2024 $174M ▼ $351.2M ▲ $-73.6M ▼ $-156.3M ▲ $116.4M ▲ $281.7M ▲
Q3-2024 $181.7M $270.1M $-50.7M $-217.7M $3.9M $217.9M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Label And Graphic Materials Segment
Label And Graphic Materials Segment
 $2.97Bn ▲$-40.00M ▼$-50.00M ▼$-50.00M ▲
Retail Branding And Information Solutions Segment
Retail Branding And Information Solutions Segment
 $1.37Bn ▲$-10.00M ▼$-10.00M ▲$-10.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Over the last five years, Avery Dennison’s sales have generally grown, with a temporary soft patch around 2023 and a recovery afterward. Profitability has improved over the period, with operating and gross margins gradually getting stronger, suggesting good pricing power and cost control. Earnings did fluctuate, especially during the more challenging demand environment in 2023, but have since rebounded to healthier levels. Overall, the income statement points to a solid, resilient business that can absorb downturns and still grow over time, though it remains sensitive to economic cycles in packaging and industrial end markets.

Balance Sheet

Balance Sheet The balance sheet shows a company that has grown steadily in size, with total assets and shareholder equity both rising over the past several years. Debt levels have also moved up versus earlier years, indicating greater use of borrowing to fund growth and acquisitions. Equity has grown enough that leverage does not look extreme, but the business is clearly more reliant on debt than it was a few years ago. This structure can support returns in good times, but it leaves the company somewhat more exposed to higher interest rates or a prolonged downturn.

Cash Flow

Cash Flow Operating cash flow is consistently positive and generally tracks the company’s earnings, which is a healthy sign of quality. After funding capital spending, Avery Dennison still generates meaningful free cash flow, leaving room for dividends, buybacks, or acquisitions. Investment in facilities and equipment appears disciplined rather than aggressive, supporting growth without overstretching the balance sheet. The overall cash flow picture suggests a business that converts profits into cash reliably and has flexibility to fund strategic priorities.

Competitive Edge

Competitive Edge Avery Dennison holds a strong position in labels, packaging materials, and intelligent identification, supported by its global scale and long-standing customer relationships. Its leadership in RFID and intelligent labels gives it an edge as supply chains become more digital and data-driven. Deep materials-science expertise, a broad product range, and a reputation for reliability create switching costs for customers and raise barriers to entry for smaller rivals. That said, the company still faces intense competition from other large materials and label suppliers, as well as the usual pressures from big consumer and industrial customers on pricing and terms.

Innovation and R&D

Innovation and R&D Innovation is a core strength: Avery Dennison continues to push forward in RFID, intelligent labels, sustainable materials, and digital supply-chain platforms. Its focus on eco-friendly adhesives, recyclable solutions, and linerless labels positions the company well as regulations and brand owners demand greener packaging. Partnerships, acquisitions, and startup collaborations help it tap into new technologies, from connected product clouds to advanced battery materials. The key execution risk is staying ahead of rapid technology shifts and making sure that R&D spending and deals translate into profitable, scalable products rather than just promising pilots.

Summary

Avery Dennison combines a resilient, steadily growing core business with a clear focus on higher-value, technology-driven labeling and identification solutions. Earnings and margins have improved over time despite some recent economic softness, and cash generation remains a notable strength. The balance sheet carries more debt than in the past but is supported by consistent profitability and free cash flow. competitively, the company benefits from scale, technology, and reputation, particularly in RFID and sustainable materials, but still depends on cyclical end markets and must keep innovating to maintain its edge. Overall, the story is one of a mature industrial company using innovation and digitalization to push into structurally higher-growth, higher-value niches, with the usual risks around leverage, competition, and execution in new technologies.

NEWS

October 24, 2025 · 6:45 AM UTC

Avery Dennison Declares Quarterly Dividend

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October 22, 2025 · 7:30 AM UTC

Walmart and Avery Dennison Collaborate to Enhance Freshness and Increase Operational Efficiency Using RFID

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October 22, 2025 · 6:45 AM UTC

Avery Dennison Announces Third Quarter 2025 Results

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October 2, 2025 · 6:45 AM UTC

Avery Dennison to Webcast Third Quarter 2025 Earnings Conference Call

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September 8, 2025 · 4:15 PM UTC

Avery Dennison Prices €500 Million Senior Notes Offering

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