Avery Dennison Corp
AVY- Exchange
- NYSE
- Industry
- Converted Paper & Paperboard Prods (No Contaners/Boxes)
- SEC CIK
- 0000008818
In the last 90 days, Avery Dennison Corp insiders filed 0 open-market purchases and 2 sales; 788 institutions reported holding it in 13F filings for Q2 2026, worth $12.1B in total; no superinvestor holds it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Nov 5, 2026, 12:02 AM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 28, 2024 | Dec 30, 2023 | Dec 31, 2022 | Jan 1, 2022 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 4, 2026 | Jan 30, 2025 | Jan 31, 2024 | Feb 2, 2023 | Feb 2, 2022 |
| Revenue | $8.86B | $8.76B | $8.36B | $9.04B | $8.41B |
| Cost of revenue | $6.31B | $6.22B | $6.09B | $6.64B | $6.10B |
| Gross profit | $2.55B | $2.53B | $2.28B | $2.40B | $2.31B |
| Research and development | $136.6M | $137.8M | $135.8M | $136.1M | $136.6M |
| Selling, general and administrative | $1.42B | $1.42B | $1.31B | $1.33B | $1.25B |
| Interest expense | – | – | $119.0M | $84.1M | $70.2M |
| Income tax | $237.1M | $248.6M | $191.7M | $242.2M | $248.6M |
| Net income | $688.0M | $704.9M | $503.0M | $757.1M | $740.1M |
| EPS, basic | $8.81 | $8.77 | $6.23 | $9.28 | $8.93 |
| EPS, diluted | $8.79 | $8.73 | $6.20 | $9.21 | $8.83 |
| Weighted shares, basic | 78.1M | 80.4M | 80.7M | 81.6M | 82.9M |
| Weighted shares, diluted | 78.3M | 80.7M | 81.1M | 82.2M | 83.8M |
| Margins and growth | |||||
| Gross margin | 28.8% | 28.9% | 27.2% | 26.6% | 27.5% |
| Net margin | 7.8% | 8.1% | 6.0% | 8.4% | 8.8% |
| Revenue growth, year over year | +1.1% | +4.7% | −7.5% | +7.5% | +20.6% |
| Net income growth, year over year | −2.4% | +40.1% | −33.6% | +2.3% | +33.1% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 28, 2024 | Dec 30, 2023 | Dec 31, 2022 | Jan 1, 2022 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 4, 2026 | Jan 30, 2025 | Jan 31, 2024 | Feb 2, 2023 | Feb 2, 2022 |
| Cash and equivalents | $202.8M | $329.1M | $215.0M | $167.2M | $162.7M |
| Accounts receivable | $1.50B | $1.47B | $1.41B | $1.37B | $1.42B |
| Inventory | $975.8M | $978.1M | $920.7M | $1.01B | $907.2M |
| Total current assets | $2.99B | $3.08B | $2.80B | $2.78B | $2.73B |
| Property, plant and equipment | – | – | – | $1.54B | $1.48B |
| Goodwill | $2.27B | $1.98B | $2.01B | $1.86B | $1.88B |
| Intangible assets | $827.5M | $755.3M | $849.1M | $840.3M | $911.4M |
| Total assets | $8.80B | $8.40B | $8.21B | $7.95B | $7.97B |
| Accounts payable | $1.26B | $1.34B | $1.28B | $1.34B | $1.30B |
| Short-term debt | $522.9M | $592.3M | $622.2M | $598.6M | $318.8M |
| Total current liabilities | $2.65B | $2.86B | $2.70B | $2.80B | $2.55B |
| Long-term debt | $3.20B | $2.55B | $2.62B | $2.50B | $2.77B |
| Shareholders' equity | $2.24B | $2.31B | $2.13B | $2.03B | $1.92B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 28, 2024 | Dec 30, 2023 | Dec 31, 2022 | Jan 1, 2022 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 4, 2026 | Jan 30, 2025 | Jan 31, 2024 | Feb 2, 2023 | Feb 2, 2022 |
| Operating cash flow | $881.4M | $938.8M | $826.0M | $961.0M | $1.05B |
| Capital expenditures | $169.0M | $208.8M | $265.3M | $278.1M | $255.0M |
| Free cash flow | $712.4M | $730.0M | $560.7M | $682.9M | $791.8M |
| Depreciation and amortization | $328.2M | $312.2M | $298.4M | $290.7M | $244.1M |
| Stock-based compensation | $27.9M | $28.7M | $22.3M | $47.4M | $37.2M |
| Dividends paid | $288.4M | $277.5M | $256.7M | $238.9M | $220.6M |
| Share buybacks | $572.3M | $247.5M | $137.5M | $379.5M | $180.9M |
| Investing cash flow | -$596.0M | -$243.1M | -$459.0M | -$332.7M | -$1.74B |
| Financing cash flow | -$414.9M | -$576.1M | -$317.2M | -$615.2M | $604.3M |
| Net change in cash | -$126.3M | $114.1M | $47.8M | $4.50M | -$89.6M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 0.3% | 0.3% | 0.3% | 0.5% | 0.4% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Oct 31, 2026 | 75.5M | −2.3% | SEC |
| Aug 1, 2026 | 75.8M | −2.8% | SEC |
| May 2, 2026 | 76.5M | −2.2% | SEC |
| Jan 31, 2026 | 76.9M | −2.7% | SEC |
| Oct 25, 2025 | 77.3M | −3.8% | SEC |
| Jul 26, 2025 | 78.0M | −3.2% | SEC |
| Apr 26, 2025 | 78.2M | −3.0% | SEC |
| Feb 22, 2025 | 79.0M | −1.9% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.