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Avery Dennison Corporation AVY

18 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY15 YEARS OF DIVIDEND GROWTH
Revenue · FY2025
$8.9B
▲ 1.1% vs FY2024
Dividend streak
15 yrs
Raised every year since 2011
EPS · FY25
$8.79
Dividend / sh · FY25
$3.70
Payout · FY25
42%
ROE · FY25
30.2%
Net margin · FY25
7.8%
Dividend coverage
2.4×
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Result
USD 8.9B
Revenue, FY2025 · full 18-year series below
Revenue Net income
2.557.5108.90.72008201120142017202020232025
2.557.5108.90.72016201920222025

8 cents of every revenue dollar became profit this year.

Per share
USD 8.79
Diluted EPS, FY2025
EPS Dividend
48123.708.792008201120142017202020232025
48123.708.792016201920222025

Earnings covered the dividend 2.4 times — the rest stayed in the company.

Profitability
30.2%
Return on equity, FY2025
ROE
20406030.2%2008201120142017202020232025
20406030.2%2016201920222025
Operating margin10.4%
Net margin7.8%
Return on assets8.0%

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

Returned to shareholders
USD 860.7M
returned in FY2025 · dividends + net buybacks
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.

Growth
+4.9% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
−0.7%
+4.9%
+4.0%
+2.9%
Net income
−3.1%
+4.4%
+9.6%
+5.3%
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%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.08B
Shares outstanding, FY2025
0.110.082008201120142017202020232025
0.090.082016201920222025
Change, 5 years−7.5%
Change, 10 years−14.5%

The share count shrank 8% in five years — the same company, cut into fewer, larger slices.

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Balance sheet
USD 8.8B
total assets, end of FY2025
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.

History
18 fiscal years
Every figure from documents filed with the SEC · USD
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
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 figures not disclosed in the filing for that year.

How we verifyAUDITED
70 of 70
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed