AVY
Avery Dennison Corp
NYSE: AVY · CONSUMER CYCLICAL · PACKAGING & CONTAINERS
$162.95
-2.13% today
Updated 2026-04-29
Market cap
$12.53B
P/E ratio
18.35
P/S ratio
1.39x
EPS (TTM)
$8.88
Dividend yield
1.69%
52W range
$155 – $199
Volume
0.6M
Avery Dennison Corp (AVY) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.58B | $6.31B | $6.71B | $5.95B | $5.78B | $6.03B | $6.04B | $6.14B | $6.33B | $5.97B | $6.09B | $6.61B | $7.16B | $7.07B | $6.97B | $8.41B | $9.04B | $8.36B | $8.76B | $8.86B |
| Revenue growth (YoY) | — | +13.1% | +6.4% | -11.3% | -2.9% | +4.2% | +0.2% | +1.7% | +3.1% | -5.7% | +2.0% | +8.7% | +8.2% | -1.2% | -1.4% | +20.6% | +7.5% | -7.5% | +4.7% | +1.1% |
| Cost of revenue | $4.05B | $4.59B | $4.98B | $4.36B | $4.26B | $4.50B | $4.45B | $4.50B | $4.68B | $4.33B | $4.39B | $4.80B | $5.25B | $5.17B | $5.05B | $6.10B | $6.64B | $6.09B | $6.23B | $6.31B |
| Gross profit | $1.53B | $1.72B | $1.73B | $1.60B | $1.53B | $1.52B | $1.58B | $1.64B | $1.65B | $1.64B | $1.70B | $1.81B | $1.91B | $1.90B | $1.92B | $2.31B | $2.40B | $2.27B | $2.53B | $2.55B |
| Gross margin | 27.4% | 27.3% | 25.7% | 26.8% | 26.4% | 25.3% | 26.2% | 26.6% | 26.1% | 27.5% | 27.9% | 27.4% | 26.7% | 26.9% | 27.6% | 27.5% | 26.5% | 27.2% | 28.9% | 28.8% |
| R&D | $87.90M | $95.50M | $94.00M | $90.70M | $85.60M | $92.40M | $105.10M | $96.00M | $102.50M | $91.90M | $89.70M | $93.40M | $98.20M | $92.60M | $112.80M | $136.60M | $136.10M | $135.80M | $137.80M | $136.60M |
| SG&A | $1.01B | $1.18B | $1.30B | $1.27B | $1.37B | $1.17B | $1.18B | $1.08B | $1.16B | $1.11B | $1.10B | $1.12B | $1.06B | $984.30M | $1.06B | $1.11B | $1.19B | $1.18B | $1.28B | $1.42B |
| Operating income | $517.30M | $579.90M | $446.80M | $313.50M | $306.70M | $365.00M | $385.20M | $492.90M | $541.90M | $529.30M | $599.00M | $750.70M | $809.10M | $819.80M | $875.00M | $1.04B | $1.07B | $954.90M | $1.13B | $1.10B |
| Operating margin | 9.3% | 9.2% | 6.7% | 5.3% | 5.3% | 6.1% | 6.4% | 8.0% | 8.6% | 8.9% | 9.8% | 11.4% | 11.3% | 11.6% | 12.6% | 12.4% | 11.9% | 11.4% | 12.9% | 12.5% |
| EBITDA | $678.50M | $715.10M | $664.90M | $-445.20M | $558.10M | $546.20M | $544.50M | $626.30M | $629.20M | $657.60M | $717.00M | $829.40M | $794.30M | $504.30M | $1.01B | $1.31B | $1.37B | $1.11B | $1.38B | $1.30B |
| EBITDA margin | 12.2% | 11.3% | 9.9% | -7.5% | 9.7% | 9.1% | 9.0% | 10.2% | 9.9% | 11.0% | 11.8% | 12.5% | 11.1% | 7.1% | 14.5% | 15.5% | 15.2% | 13.3% | 15.8% | 14.7% |
| EBIT | $481.10M | $480.50M | $386.50M | $-712.50M | $310.50M | $299.70M | $323.90M | $422.00M | $427.60M | $469.30M | $536.90M | $650.70M | $613.30M | $325.30M | $807.30M | $1.06B | $1.08B | $813.70M | $1.07B | $1.06B |
| Interest expense | $55.50M | $105.20M | $115.90M | $85.30M | $76.60M | $71.00M | $72.80M | $60.90M | $63.30M | $60.50M | $59.90M | $63.00M | $58.50M | $75.80M | $70.00M | $70.20M | $84.10M | $119.00M | $117.00M | $135.40M |
| Income tax | $73.10M | $71.80M | $4.50M | $-44.20M | $34.40M | $78.50M | $86.40M | $118.80M | $113.30M | $134.50M | $156.40M | $307.70M | $85.40M | $-56.70M | $177.70M | $248.60M | $242.20M | $191.70M | $248.60M | $237.10M |
| Effective tax rate | 16.6% | 19.1% | 1.7% | 5.6% | 9.8% | 29.2% | 28.6% | 35.5% | 31.3% | 32.9% | 32.8% | 52.2% | 15.4% | -23.0% | 24.2% | 25.1% | 24.2% | 27.6% | 26.1% | 25.6% |
| Net income | $367.20M | $303.50M | $266.10M | $-746.70M | $316.90M | $190.10M | $215.40M | $215.80M | $248.90M | $274.30M | $320.70M | $281.80M | $467.40M | $303.60M | $555.90M | $740.10M | $757.10M | $503.00M | $704.90M | $688.00M |
| Net income growth (YoY) | — | -17.3% | -12.3% | -380.6% | +142.4% | -40.0% | +13.3% | +0.2% | +15.3% | +10.2% | +16.9% | -12.1% | +65.9% | -35.0% | +83.1% | +33.1% | +2.3% | -33.6% | +40.1% | -2.4% |
| Profit margin | 6.6% | 4.8% | 4.0% | -12.5% | 5.5% | 3.2% | 3.6% | 3.5% | 3.9% | 4.6% | 5.3% | 4.3% | 6.5% | 4.3% | 8.0% | 8.8% | 8.4% | 6.0% | 8.1% | 7.8% |