Avery Dennison Corp (AVY) Financial Statements
Industry: Converted Paper & Paperboard Prods (No Contaners/Boxes)
In fiscal 2025, Avery Dennison reported revenue of $8.86B, up 1.1% from $8.76B the year before. Net income was $688.0M (a 7.8% net margin), or $8.79 per diluted share. Gross margin was 28.8% and operating margin was 11.1%. Operating activities generated $881.4M of cash, leaving $712.4M of free cash flow. At fiscal year end, Avery Dennison held $8.80B in total assets against $6.56B in total liabilities, including $202.8M of cash and equivalents.
Open the full interactive Avery Dennison financials → Quarterly statements, key ratios, valuation history and price charts.
Avery Dennison Key Stats
| Share Price | $170.72 |
|---|---|
| Market Cap | $13.04B |
| P/E Ratio | 19.4 |
| Revenue YoY Growth | +1.1% |
| 52-Week Range | $152.13 – $194.10 |
| Shares Outstanding | 76.3 million (basic, 2026 Q2) |
Avery Dennison Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $6.97B | $8.41B | $9.04B | $8.36B | $8.76B | $8.86B |
| Cost of Goods Sold | $5.05B | $6.10B | $6.64B | $6.09B | $6.22B | $6.31B |
| Gross Profit | $1.92B | $2.31B | $2.40B | $2.28B | $2.53B | $2.55B |
| Operating Income | $750.0M | $927.7M | $937.3M | $828.0M | $977.6M | $987.2M |
| Pre-Tax Income | $737.3M | $992.6M | $999.3M | $694.7M | $953.5M | $925.1M |
| Income Tax | $177.7M | $248.6M | $242.2M | $191.7M | $248.6M | $237.1M |
| Net Income | $555.9M | $740.1M | $757.1M | $503.0M | $704.9M | $688.0M |
| Diluted EPS | $6.61 | $8.83 | $9.21 | $6.20 | $8.73 | $8.79 |
Avery Dennison Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $2.22B | $2.27B | $2.30B | $2.46B |
| Net Income | $166.3M | $166.4M | $168.1M | $204.1M |
| Diluted EPS | $2.13 | $2.13 | $2.18 | $2.67 |
Avery Dennison Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $252.3M | $162.7M | $167.2M | $215.0M | $329.1M | $202.8M |
| Current Assets | $2.42B | $2.73B | $2.78B | $2.80B | $3.08B | $2.99B |
| Total Assets | $6.08B | $7.97B | $7.95B | $8.21B | $8.40B | $8.80B |
| Current Liabilities | $1.93B | $2.55B | $2.80B | $2.70B | $2.86B | $2.65B |
| Total Long-Term Debt | $2.05B | $2.79B | $2.75B | $2.92B | $3.11B | $3.21B |
| Total Liabilities | $4.60B | $6.05B | $5.92B | $6.08B | $6.09B | $6.56B |
| Shareholders' Equity | $1.48B | $1.92B | $2.03B | $2.13B | $2.31B | $2.24B |
Avery Dennison Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $751.3M | $1.05B | $961.0M | $826.0M | $938.8M | $881.4M |
| Cash From Investing | -$554.2M | -$1.74B | -$332.7M | -$459.0M | -$243.1M | -$596.0M |
| Cash From Financing | -$207.7M | $604.3M | -$615.2M | -$317.2M | -$576.1M | -$414.9M |
| Free Cash Flow | $549.9M | $791.8M | $682.9M | $560.7M | $730.0M | $712.4M |
Figures from Avery Dennison's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Avery Dennison financials page for every line item.
Avery Dennison Company Profile
| Ticker | AVY |
|---|---|
| Exchange | NYSE |
| Industry | Converted Paper & Paperboard Prods (No Contaners/Boxes) |
| Headquarters | Mentor, Ohio |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000008818 |
Frequently Asked Questions
What was Avery Dennison's revenue in fiscal 2025?
Avery Dennison (AVY) reported revenue of $8.86B for fiscal 2025.
What is Avery Dennison's annual revenue history?
Avery Dennison's annual revenue by fiscal year: 2020: $6.97B; 2021: $8.41B; 2022: $9.04B; 2023: $8.36B; 2024: $8.76B; 2025: $8.86B.
What was Avery Dennison's net income in fiscal 2025?
Avery Dennison reported net income of $688.0M for fiscal 2025.
What was Avery Dennison's earnings per share (EPS) in fiscal 2025?
Avery Dennison's diluted EPS was $8.79 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Avery Dennison generate in fiscal 2025?
Avery Dennison generated $712.4M of free cash flow in fiscal 2025.
What was Avery Dennison's revenue last quarter?
In its most recent reported quarter (2026 Q2), Avery Dennison reported revenue of $2.46B.
How much debt does Avery Dennison have?
Avery Dennison reported $3.21B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Avery Dennison are outstanding?
Avery Dennison reported a weighted average of 76.3 million basic shares outstanding in 2026 Q2.
What is Avery Dennison's market cap?
Based on its latest closing price, Avery Dennison (AVY) has a market capitalization of about $13.04B.
When does Avery Dennison's fiscal year end?
Avery Dennison's fiscal year end, as registered with the SEC, is December 31.
Where is Avery Dennison headquartered?
Avery Dennison lists its business address in Mentor, Ohio in its SEC filings.
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