AVY vs GPK
Avery Dennison Corp. and Graphic Packaging Holding Co., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | AVY | GPK |
|---|---|---|
| Revenue | $8.9B | $8.6B |
| Net income | $688.0M | $444.0M |
| Gross margin | 28.8% | 18.6% |
| Net margin | 7.8% | 5.2% |
| Return on equity | 30.2% | 14.0% |
| Diluted EPS | $8.79 | $1.48 |
| Dividend / share | $3.70 | · |
| Payout ratio | 41.9% | 28.8% |
| Free cash flow | $712.4M | · |
| Equity | $2.2B | $3.3B |
| Net debt / equity | 1.57× | 1.58× |
| Current ratio | 1.13× | 1.30× |
| Revenue CAGR 5y | 4.9% | 5.6% |
| Profit CAGR 5y | 4.4% | 21.6% |
AVY and GPK book revenue within 15% of each other, and keeps more of each dollar of revenue as profit (7.8% against 5.2%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | AVY | GPK |
|---|---|---|
| FY2025 | $8.9B | $8.6B |
| FY2024 | $8.8B | $8.8B |
| FY2023 | $8.4B | $9.4B |
| FY2022 | $9.0B | $9.4B |
| FY2021 | $8.4B | $7.2B |
| FY2020 | $7.0B | $6.6B |
| FY2019 | $7.1B | $6.2B |
| FY2018 | $7.2B | $6.0B |
| FY2017 | $6.6B | $4.4B |
| FY2016 | $6.1B | $4.3B |
Bottom line
| Fiscal year | AVY | GPK |
|---|---|---|
| FY2025 | $688.0M | $444.0M |
| FY2024 | $704.9M | $658.0M |
| FY2023 | $503.0M | $723.0M |
| FY2022 | $757.1M | $522.0M |
| FY2021 | $740.1M | $204.0M |
| FY2020 | $555.9M | $167.0M |
| FY2019 | $303.6M | $207.0M |
| FY2018 | $467.4M | $221.1M |
| FY2017 | $281.8M | $300.2M |
| FY2016 | $320.7M | $228.0M |
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$238,500,000 | AVY |
| FY2024 | −$51,300,000 | GPK |
| FY2023 | −$1,063,700,000 | GPK |
| FY2022 | −$400,700,000 | GPK |
| FY2021 | +$1,252,300,000 | AVY |
| FY2020 | +$411,500,000 | AVY |
| FY2019 | +$910,100,000 | AVY |
| FY2018 | +$1,129,600,000 | AVY |
| FY2017 | +$2,208,200,000 | AVY |
| FY2016 | +$1,788,400,000 | AVY |
| FY2015 | +$1,806,700,000 | AVY |
| FY2014 | +$2,089,800,000 | AVY |
| FY2013 | +$1,661,900,000 | AVY |
| FY2012 | +$1,526,400,000 | AVY |
| FY2011 | +$1,638,600,000 | AVY |
| FY2010 | +$1,687,000,000 | AVY |
| FY2009 | +$1,090,400,000 | AVY |
The higher-revenue side has changed between AVY and GPK over this period. The gap has narrowed since the earliest year compared.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
13 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +2.6 pp | AVY |
| FY2024 | +0.6 pp | AVY |
| FY2023 | −1.7 pp | GPK |
| FY2022 | +2.8 pp | AVY |
| FY2021 | +5.8 pp | AVY |
| FY2020 | +4.9 pp | AVY |
| FY2019 | −0.2 pp | GPK |
| FY2018 | +1.7 pp | AVY |
| FY2017 | −2.6 pp | GPK |
| FY2016 | −0.0 pp | GPK |
| FY2011 | −3.3 pp | GPK |
| FY2010 | +5.2 pp | AVY |
| FY2009 | −15.8 pp | GPK |
The higher net margin has changed hands between AVY and GPK over this period.
13 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
AVY's net margin has been more volatile than GPK's over the 13 comparable fiscal years — 5.8 percentage points of standard deviation against 2.2.
13 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between AVY and GPK over these 13 fiscal years — AVY led in 7 and GPK in 6.
13 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
AVY's return on equity has been more volatile than GPK's over the 17 comparable fiscal years — 20.6 percentage points of standard deviation against 7.8.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between AVY and GPK over these 17 fiscal years — AVY led in 13 and GPK in 4.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.