AVY vs PKG
Avery Dennison Corp. and Packaging Corp. of America, side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | AVY | PKG |
|---|---|---|
| Revenue | $8.9B | $9.0B |
| Net income | $688.0M | $774.1M |
| Gross margin | 28.8% | 21.0% |
| Net margin | 7.8% | 8.6% |
| Return on equity | 30.2% | 17.2% |
| Diluted EPS | $8.79 | $8.58 |
| Dividend / share | $3.70 | $5.00 |
| Payout ratio | 41.9% | 58.1% |
| Free cash flow | $712.4M | $728.6M |
| Equity | $2.2B | $4.6B |
| Net debt / equity | 1.57× | 0.75× |
| Current ratio | 1.13× | 3.17× |
| Revenue CAGR 5y | 4.9% | 6.2% |
| Profit CAGR 5y | 4.4% | 10.9% |
AVY and PKG book revenue within 15% of each other, and PKG keeps more of each dollar of revenue as profit (8.6% against 7.8%).
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 | PKG |
|---|---|---|
| FY2025 | $8.9B | $9.0B |
| FY2024 | $8.8B | $8.4B |
| FY2023 | $8.4B | $7.8B |
| FY2022 | $9.0B | $8.5B |
| FY2021 | $8.4B | $7.7B |
| FY2020 | $7.0B | $6.7B |
| FY2019 | $7.1B | $7.0B |
| FY2018 | $7.2B | $7.0B |
| FY2017 | $6.6B | $6.4B |
| FY2016 | $6.1B | $5.8B |
Bottom line
| Fiscal year | AVY | PKG |
|---|---|---|
| FY2025 | $688.0M | $774.1M |
| FY2024 | $704.9M | $805.1M |
| FY2023 | $503.0M | $765.2M |
| FY2022 | $757.1M | $1.0B |
| FY2021 | $740.1M | $841.1M |
| FY2020 | $555.9M | $461.0M |
| FY2019 | $303.6M | $696.4M |
| FY2018 | $467.4M | $738.0M |
| FY2017 | $281.8M | $668.6M |
| FY2016 | $320.7M | $449.6M |
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$133,800,000 | PKG |
| FY2024 | +$372,400,000 | AVY |
| FY2023 | +$561,900,000 | AVY |
| FY2022 | +$561,300,000 | AVY |
| FY2021 | +$678,000,000 | AVY |
| FY2020 | +$313,300,000 | AVY |
| FY2019 | +$105,800,000 | AVY |
| FY2018 | +$144,400,000 | AVY |
| FY2017 | +$168,900,000 | AVY |
| FY2016 | +$307,500,000 | AVY |
| FY2015 | +$225,200,000 | AVY |
| FY2014 | +$477,700,000 | AVY |
| FY2013 | +$2,474,700,000 | AVY |
| FY2012 | +$3,019,600,000 | AVY |
| FY2011 | +$3,224,789,000 | AVY |
| FY2010 | +$3,346,394,000 | AVY |
| FY2009 | +$3,038,611,000 | AVY |
| FY2008 | +$4,349,907,000 | AVY |
The higher-revenue side has changed between AVY and PKG over this period. The gap has narrowed since the earliest year compared.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.
14 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −0.8 pp | PKG |
| FY2024 | −1.6 pp | PKG |
| FY2023 | −3.8 pp | PKG |
| FY2022 | −3.8 pp | PKG |
| FY2021 | −2.1 pp | PKG |
| FY2020 | +1.1 pp | AVY |
| FY2019 | −5.7 pp | PKG |
| FY2018 | −4.0 pp | PKG |
| FY2017 | −6.1 pp | PKG |
| FY2016 | −2.5 pp | PKG |
| FY2011 | −2.8 pp | PKG |
| FY2010 | −3.0 pp | PKG |
| FY2009 | −26.8 pp | PKG |
| FY2008 | −1.8 pp | PKG |
The higher net margin has changed hands between AVY and PKG over this period.
14 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 PKG's over the 14 comparable fiscal years — 5.6 percentage points of standard deviation against 2.0.
14 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 PKG over these 14 fiscal years — AVY led in 1 and PKG in 13.
14 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 PKG's over the 18 comparable fiscal years — 20.1 percentage points of standard deviation against 6.6.
18 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 PKG over these 18 fiscal years — AVY led in 9 and PKG in 9.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.