Avery Dennison Corporation logo

Avery Dennison Corporation

AVY

NYSEConsumer CyclicalPackaging & Containers

Previous close

$183.71

+$1.03 · +0.56%

Aug 21, 4:00 PM ET

AVY company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

68

Undervalued

Momentum

41

Neutral

Sentiment

71

Bullish

Risk resilience

71

Moderate Risk

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Company profile

Company website

Avery Dennison Corporation operates as a materials science and digital identification solutions company in the North America, Europe, the Middle East, North Africa, Asia, and Latin America. It offers pressure-sensitive label materials, which consist of papers, plastic films, and metal foils; performance tapes products, including mechanical fasteners, which are precision-extruded and injection-molded plastic devices; and other pressure-sensitive adhesive-based materials and converted products under the Fasson, JAC, and Avery Dennison brands. The company provides graphics and reflective products that include films and other products for the architectural, commercial sign, digital printing, and other related market segments; durable cast and reflective films to the construction, automotive, and fleet transportation markets; sign shops, commercial printers, and designers for pressure-sensitive materials; reflective films for traffic and safety applications; and pressure-sensitive vinyl and specialty materials for digital imaging, screen printing, and sign cutting applications under the Avery Dennison and Mactac brand names. In addition, it offers branding solutions, which include brand embellishments, graphic tickets, tags, labels, and sustainable packaging; information solutions, such as item-level RFID, visibility and loss prevention, price ticketing and marking, productivity and media, and brand protection and security solutions; and shelf-edge productivity and media solutions under the Vestcom brand names, as well as care, content, and country of origin compliance solutions. It serves home and personal care, apparel, general retail, e-commerce, logistics, food and grocery, pharmaceuticals, and automotive industries. The company was formerly known as Avery International Corporation and changed its name to Avery Dennison Corporation in 1990. The company was founded in 1935 and is headquartered in Mentor, Ohio.

Industry
Packaging & Containers
Sector
Consumer Cyclical
Headquarters
US
CEO
Deon Stander
Listed since
Feb 21, 1973
Employees
35,000

Market position

Day range

Current $183.71

52-week range

Current $183.71

Open
$183.85
Previous close
$182.68
Volume
370.36K
0.5× average
Average volume
743.21K
Average daily volume
Market cap
14.05B USD
Beta
0.81
Market reference 1
50-day average
$166.67
+10.23% above average
200-day average
$172.91
+6.24% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
17.61B USD
P/E (TTM)
20.12×
P/B (TTM)
6.07×
P/S (TTM)
1.52×
EV / EBITDA
13.51×
Earnings yield
4.89%
Free cash flow yield
5.06%
Dividend yield
2.08%

Profitability & efficiency

Gross margin
28.98%
Operating margin
12.41%
Net margin
7.62%
Return on equity
30.69%
Return on assets
7.82%
Return on invested capital
12.31%

Financial health

Debt / equity
1.58×
Current ratio
1.13×
Altman Z-score
3.56
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends31%22%13%4%Gross margin, FY2021: 27.46%Gross margin, FY2022: 26.54%Gross margin, FY2023: 27.19%Gross margin, FY2024: 28.87%Gross margin, FY2025: 28.75%Operating margin, FY2021: 12.37%Operating margin, FY2022: 11.86%Operating margin, FY2023: 11.42%Operating margin, FY2024: 12.88%Operating margin, FY2025: 12.47%Net margin, FY2021: 8.80%Net margin, FY2022: 8.38%Net margin, FY2023: 6.01%Net margin, FY2024: 8.05%Net margin, FY2025: 7.77%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 27.46%. Gross margin FY2022 26.54%. Gross margin FY2023 27.19%. Gross margin FY2024 28.87%. Gross margin FY2025 28.75%. Operating margin FY2021 12.37%. Operating margin FY2022 11.86%. Operating margin FY2023 11.42%. Operating margin FY2024 12.88%. Operating margin FY2025 12.47%. Net margin FY2021 8.80%. Net margin FY2022 8.38%. Net margin FY2023 6.01%. Net margin FY2024 8.05%. Net margin FY2025 7.77%.

Income trends

Revenue

8.86B USD+1.14%

Operating income

1.1B USD-2.08%

Net income

688M USD-2.40%
Income trends across reported periods9.89B USD6.48B USD3.06B USD−350.63M USDRevenue, FY2021: 8.41B USDRevenue, FY2022: 9.04B USDRevenue, FY2023: 8.36B USDRevenue, FY2024: 8.76B USDRevenue, FY2025: 8.86B USDOperating income, FY2021: 1.04B USDOperating income, FY2022: 1.07B USDOperating income, FY2023: 954.9M USDOperating income, FY2024: 1.13B USDOperating income, FY2025: 1.1B USDNet income, FY2021: 740.1M USDNet income, FY2022: 757.1M USDNet income, FY2023: 503M USDNet income, FY2024: 704.9M USDNet income, FY2025: 688M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 8.41B USD. Revenue FY2022 9.04B USD. Revenue FY2023 8.36B USD. Revenue FY2024 8.76B USD. Revenue FY2025 8.86B USD. Operating income FY2021 1.04B USD. Operating income FY2022 1.07B USD. Operating income FY2023 954.9M USD. Operating income FY2024 1.13B USD. Operating income FY2025 1.1B USD. Net income FY2021 740.1M USD. Net income FY2022 757.1M USD. Net income FY2023 503M USD. Net income FY2024 704.9M USD. Net income FY2025 688M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue8.86B USD8.76B USD8.36B USD9.04B USD8.41B USD
Cost of goods sold6.31B USD6.23B USD6.09B USD6.64B USD6.1B USD
Gross profit2.55B USD2.53B USD2.27B USD2.4B USD2.31B USD
Research and development137.8M USD135.8M USD136.1M USD136.6M USD
Selling, general, and administrative1.44B USD1.26B USD1.18B USD1.19B USD1.13B USD
Operating expenses1.44B USD1.4B USD1.32B USD1.33B USD1.27B USD
Interest income11.8M USD
Interest expense135.4M USD117M USD119M USD84.1M USD70.2M USD
Depreciation and amortization242.7M USD312.2M USD298.4M USD290.7M USD244.1M USD
Operating income1.1B USD1.13B USD954.9M USD1.07B USD1.04B USD
Net income688M USD704.9M USD503M USD757.1M USD740.1M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
73%
8 beats, 2 misses, 1 met estimate
Average EPS surprise
+3.32%
11 comparable reports
Latest EPS result
2.89
Estimate 2.47 · Beat by 17.00%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates3.012.732.462.18Q1 '25MissQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 30, 2025: actual 2.38, estimate 2.39, surprise -0.42%, Miss. Q2 2025, reported Apr 23, 2025: actual 2.3, estimate 2.32, surprise -0.86%, Miss. Q3 2025, reported Jul 22, 2025: actual 2.42, estimate 2.39, surprise +1.26%, Beat. Q4 2025, reported Oct 22, 2025: actual 2.37, estimate 2.33, surprise +1.72%, Beat. Q1 2026, reported Feb 4, 2026: actual 2.45, estimate 2.4, surprise +2.08%, Beat. Q2 2026, reported Apr 28, 2026: actual 2.47, estimate 2.43, surprise +1.65%, Beat. Q3 2026, reported Jul 30, 2026: actual 2.89, estimate 2.47, surprise +17.00%, Beat. Q4 2026, reported Oct 28, 2026: actual —, estimate 2.31, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates2.56B2.39B2.22B2.05BQ1 '25MissQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 30, 2025: actual 2.19B USD, estimate 2.19B USD, surprise -0.10%, Miss. Q2 2025, reported Apr 23, 2025: actual 2.15B USD, estimate 2.15B USD, surprise -0.14%, Miss. Q3 2025, reported Jul 22, 2025: actual 2.22B USD, estimate 2.24B USD, surprise -0.99%, Miss. Q4 2025, reported Oct 22, 2025: actual 2.22B USD, estimate 2.22B USD, surprise -0.13%, Miss. Q1 2026, reported Feb 4, 2026: actual 2.27B USD, estimate 2.28B USD, surprise -0.53%, Miss. Q2 2026, reported Apr 28, 2026: actual 2.3B USD, estimate 2.26B USD, surprise +1.69%, Beat. Q3 2026, reported Jul 30, 2026: actual 2.46B USD, estimate 2.3B USD, surprise +7.26%, Beat. Q4 2026, reported Oct 28, 2026: actual —, estimate 2.26B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$200.25

9.00% upside
Past 12 months12-month forecastHigh $225Average $200.25Low $175

Rating distribution

18 ratings
Strong buy00%
Buy1372%
Hold528%
Sell00%
Strong sell00%

Recent analyst actions

11 institutions

AVY news

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$3.70

2025 complete year+39.1% since 2021

2026 partial: $1.94

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 2, 2026

$1.00

Quarterly

Record Sep 2, 2026 · Payment Sep 16, 2026

Dividend

Ex-dividend Jun 3, 2026

$1.00

Quarterly

Record Jun 3, 2026 · Payment Jun 17, 2026

Dividend

Ex-dividend Mar 4, 2026

$0.94

Quarterly

Record Mar 4, 2026 · Payment Mar 18, 2026

Dividend

Ex-dividend Dec 3, 2025

$0.94

Quarterly

Record Dec 3, 2025 · Payment Dec 17, 2025

Dividend

Ex-dividend Sep 3, 2025

$0.94

Quarterly

Record Sep 3, 2025 · Payment Sep 17, 2025

Dividend

Ex-dividend Jun 4, 2025

$0.94

Quarterly

Record Jun 4, 2025 · Payment Jun 18, 2025

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