MARKETS / NYSE / AVY

NYSE · CONVERTED PAPER & PAPERBOARD PRODS (NO CONTANERS/BOXES) · LARGE CAP

Avery Dennison Corp. AVY

18 fiscal years on record · USD · FY2025 reported · SEC filings only

15 YEARS OF DIVIDEND GROWTH

Revenue

$8.9B

▲ 1.1% YoY

Net income

$688.0M

▼ 2.4% YoY

Free cash flow

$712.4M

▼ 2.4% YoY

In brief

What this company does

The company designs and develops 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. As of December 31, 2025, it operated over 200 manufacturing and distribution facilities and had locations in more than 50 countries. Its reportable segments for fiscal year 2025 were Materials Group and Solutions Group, which comprised approximately 69% and 31%, respectively, of its total net sales. Solutions Group's information solutions include item-level RFID solutions, visibility and loss prevention solutions, price ticketing and marking, care, content and country of origin compliance solutions, brand protection and security solutions, and Vestcom-brand shelf-edge productivity and media solutions. Avery Dennison Corporation was founded in 1935 and incorporated in Delaware in 1977 as Avery International Corporation, the successor corporation to a California corporation of the same name incorporated in 1946.

Written from the business description in Avery Dennison Corp's annual report to the U.S. Securities and Exchange Commission, filed 25 February 2026. Every sentence was checked against that document before publication.

Growth

USD 8.9B

Revenue, FY2025 · full 18-year series below

Revenue $B Net income $B

FY2025 · Revenue 8.9 · Net income 0.7

Compound annual growth

Revenue

−0.7%

+4.9%

+4.0%

+2.9%

Net income

−3.1%

+4.4%

EPS, diluted

−1.5%

+5.9%

+11.5%

+7.5%

Dividend / share

+8.1%

+9.4%

+9.7%

+10.7%

Returned to shareholders

+11.7%

+23.5%

+12.7%

+10.4%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +4.9% a year over five years — but profit grew slower: net income at +4.4%, earnings per share at +5.9%.

The share count fell from 0.08B to 0.08B — the buyback concentrates the same profit into fewer slices.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

8 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 10.4% · Net 7.8%

ROE

FY2025 · ROE 30.2%

Gross margin28.8%

Operating margin10.4%

Net margin7.8%

Return on assets8.0%

EBITDAUSD 1.3B

Each USD of equity produced 30 cents of profit this year.

Cash & shareholders

USD 860.7M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF 712.4

Net buybacks $M Dividends $M

FY2025 · Dividends 288.4 · Net buybacks 572.3

Dividends paidUSD 288.4M

Net buybacksUSD 572.3M

Share of profit125.1%

Consecutive raises15 years

USD 288.4M in dividends and USD 572.3M in buybacks — 125% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 8.8B

EquityUSD 2.2B

CashUSD 202.8M

Gross debtUSD 3.7B

Net debtUSD 3.5B

Current ratio1.13×

Net debt stands at 157% of equity.

The 18-year record

18 fiscal years

Every figure from documents filed with the SEC · USD

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue $B	8.9	8.8	8.4	9.0	8.4	7.0	7.1	7.2	6.6	6.1	6.0	6.3	6.1	5.9	5.8	5.8	5.2	6.7
Operating income $B	0.9	1.0	0.7	1.0	·	·	·	·	·	0.5	0.4	0.4	0.4	0.2	0.2	0.2	−0.9	·
EBITDA $B	1.3	1.3	1.0	1.3	·	·	·	·	·	0.7	0.6	0.6	0.6	0.4	0.4	0.4	−0.7	·
Income tax $B	0.2	0.2	0.2	0.2	0.2	0.2	−0.1	0.1	0.3	0.2	0.1	0.1	0.1	0.1	0.1	−0.0	−0.1	0.0
Net income $B	0.7	0.7	0.5	0.8	0.7	0.6	0.3	0.5	0.3	0.3	0.3	0.2	0.2	0.2	0.2	0.3	−0.7	0.3
Free cash flow $B	0.7	0.7	0.6	0.7	0.8	0.5	0.5	0.2	0.5	0.4	0.3	0.2	0.2	0.4	0.3	0.4	0.5	0.4
EPS, diluted $	8.79	8.73	6.20	9.21	8.83	6.61	3.57	5.28	3.13	3.54	2.95	2.56	2.13	2.08	1.78	2.97	−7.21	2.70
Dividend / sh $	3.70	3.45	3.18	2.93	2.66	2.36	2.26	2.01	1.76	1.60	1.46	1.34	1.14	1.08	1.00	0.80	1.22	1.64
Payout %	42	39	51	32	30	35	62	37	55	44	49	51	53	51	56	28	−18	66
ROE %	30.2	31.8	24.2	38.3	43.4	41.3	28.1	47.0	28.8	33.9	27.2	19.5	14.2	13.5	11.5	21.1	−48.0	15.2
Shares out B	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.09	0.09	0.09	0.09	0.10	0.10	0.11	0.11	0.11	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

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Provenance

Company facts, as filed

How we verify · 0 failures in 88 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 7 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityConverted Paper & Paperboard Prods (No Contaners/Boxes)

Listed onNYSE

Incorporated inDelaware

Fiscal year endsDecember 31

Data on record since2008