AVY vs IP
Avery Dennison Corp. and International Paper Co., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | AVY | IP |
|---|---|---|
| Revenue | $8.9B | $23.6B |
| Net income | $688.0M | $-3.5B |
| Gross margin | 28.8% | 29.6% |
| Net margin | 7.8% | −14.9% |
| Return on equity | 30.2% | −30.6% |
| Diluted EPS | $8.79 | −$6.95 |
| Dividend / share | $3.70 | $1.85 |
| Payout ratio | 41.9% | −27.8% |
| Free cash flow | $712.4M | $-159.0M |
| Equity | $2.2B | $14.8B |
| Net debt / equity | 1.57× | 0.59× |
| Current ratio | 1.13× | 1.28× |
| Revenue CAGR 5y | 4.9% | 6.1% |
| Profit CAGR 5y | 4.4% | · |
IP bills 2.7× the revenue of AVY, and IP closed the last reported year at a loss.
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 | IP |
|---|---|---|
| FY2025 | $8.9B | $23.6B |
| FY2024 | $8.8B | $15.8B |
| FY2023 | $8.4B | $16.0B |
| FY2022 | $9.0B | $21.2B |
| FY2021 | $8.4B | $19.4B |
| FY2020 | $7.0B | $17.6B |
| FY2019 | $7.1B | $18.3B |
| FY2018 | $7.2B | $23.3B |
| FY2017 | $6.6B | $21.7B |
| FY2016 | $6.1B | $19.5B |
Bottom line
| Fiscal year | AVY | IP |
|---|---|---|
| FY2025 | $688.0M | $-3.5B |
| FY2024 | $704.9M | $557.0M |
| FY2023 | $503.0M | $288.0M |
| FY2022 | $757.1M | $1.5B |
| FY2021 | $740.1M | $1.8B |
| FY2020 | $555.9M | $482.0M |
| FY2019 | $303.6M | $1.2B |
| FY2018 | $467.4M | $2.0B |
| FY2017 | $281.8M | $2.1B |
| FY2016 | $320.7M | $904.0M |
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$14,778,500,000 | IP |
| FY2024 | −$7,079,300,000 | IP |
| FY2023 | −$7,668,700,000 | IP |
| FY2022 | −$12,121,700,000 | IP |
| FY2021 | −$10,954,700,000 | IP |
| FY2020 | −$10,593,500,000 | IP |
| FY2019 | −$11,246,900,000 | IP |
| FY2018 | −$16,147,000,000 | IP |
| FY2017 | −$15,129,200,000 | IP |
| FY2016 | −$13,408,500,000 | IP |
| FY2015 | −$14,708,100,000 | IP |
| FY2014 | −$17,286,700,000 | IP |
| FY2013 | −$17,343,000,000 | IP |
| FY2012 | −$15,988,500,000 | IP |
| FY2011 | −$20,189,100,000 | IP |
| FY2010 | −$19,397,000,000 | IP |
| FY2009 | −$18,179,800,000 | IP |
| FY2008 | −$18,118,600,000 | IP |
IP has reported the higher revenue in every one of these 18 fiscal years. The gap has narrowed since the earliest year compared.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
14 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +22.6 pp | AVY |
| FY2024 | +4.5 pp | AVY |
| FY2023 | +4.2 pp | AVY |
| FY2022 | +1.3 pp | AVY |
| FY2021 | −0.3 pp | IP |
| FY2020 | +5.2 pp | AVY |
| FY2019 | −2.4 pp | IP |
| FY2018 | −2.1 pp | IP |
| FY2017 | −5.6 pp | IP |
| FY2016 | +0.6 pp | AVY |
| FY2011 | −1.9 pp | IP |
| FY2010 | +2.7 pp | AVY |
| FY2009 | −17.3 pp | IP |
| FY2008 | +9.1 pp | AVY |
The higher net margin has changed hands between AVY and IP over this period.
14 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
IP's net margin has been more volatile than AVY's over the 14 comparable fiscal years — 6.2 percentage points of standard deviation against 5.6.
14 of 19 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 IP over these 14 fiscal years — AVY led in 8 and IP in 6.
14 of 19 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 IP's over the 18 comparable fiscal years — 20.1 percentage points of standard deviation against 15.7.
18 of 19 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 IP over these 18 fiscal years — AVY led in 14 and IP in 4.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.