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AVY · NYSE · United States · Converted Paper & Paperboard Prods (No Contaners/Boxes)
In shortAvery Dennison Corp is profitable, generates cash and carries moderate debt, with revenue stable (+1.1% last year).
Financial health
Solid
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | – | n/a |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 7.8% | 51/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 30.2% | 100/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | – | n/a |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.13× | 27/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 1.66× | 19/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | – | n/a |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | – | n/a |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | – | n/a |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 8.0% | 52/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 1.04× | 92/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 5 | 67/100 |
| Revenue growth volatility | 10.2% | 73/100 |
| Operating margin volatility | – | n/a |
Weight in the score: 20%
| Revenue growth, 3-year average | -0.7% | 13/100 |
|---|---|---|
| EPS growth, 3-year average | -1.5% | 17/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY22 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 8,408 | 9,039 | 8,364 | 8,756 | 8,856 |
| Cost of revenue | 6,096 | 6,635 | 6,087 | 6,225 | 6,309 |
| Gross profit | 2,313 | 2,404 | 2,278 | 2,531 | 2,546 |
| Research & development | 137 | 136 | 136 | 138 | 137 |
| Selling, general & admin | 1,249 | 1,331 | 1,314 | 1,415 | 1,423 |
| Interest expense | 70 | 84 | 119 | 117 | 135 |
| Pre-tax income | 993 | 999 | 695 | 954 | 925 |
| Income tax | 249 | 242 | 192 | 249 | 237 |
| Net income | 740 | 757 | 503 | 705 | 688 |
| Diluted EPS | $8.83 | $9.21 | $6.20 | $8.73 | $8.79 |
| Diluted shares (millions) | 84 | 82 | 81 | 81 | 78 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
Not computed: a required balance-sheet item is missing.
5/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Aug 4, 2026