FirmAtlas
Company handbook · AVY · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
AVY · CIK 8818 · LATEST FILING: 10-Q JUN '26 · FILED AUG 4, 2026
AVERY DENNISON CORPORATION
$175.31
−0.57 (−0.32%)
Close, Oct 16, 2026 · 52-week $152–200
Last fiscal year
AVERY DENNISON CORPORATION reported revenue of $8.9B for the year ended Dec 31, 2025 (FY25), up 1.1% from FY24. Net income was $688M, operating cash flow $881M and free cash flow $712M. Source: 10-K filed Feb 25, 2026.
Market cap
$13.5B
P/E
19.1
P/B
5.8
Div yield
2.21%
Revenue 1Y
1.1%/yr
EPS 1Y
0.7%/yr
Shares 1Y
−4%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEODeon Stander
HQMentor, OH
AuditorPricewaterhouseCoopers LLP
Employees35,000
Year endsDecember
Revenue by segment · FY25
Materials Group69%
Retail Branding And Information Solutions31%
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
8.7%
−3.5%
−1.4%
10.0%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$1.8B deployed
Capex
$378M
21.4%
Dividends
$566M
32.1%
Buybacks
$820M
46.5%
Operating cash flow over the period: $1.8B. Total debt changed by +$650M. R&D of $274M is already inside operating costs.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
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Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Balance sheet
Total assets
8,404
8,802+4.7%
9,212
Cash & short-term investments
329
203−38.4%
—
Accounts receivable
1,466
1,504+2.6%
—
Inventory
978
976−0.2%
—
Net PP&E
1,587
1,608+1.3%
—
Other assets
4,044
4,512+11.6%
—
Total liabilities
6,092
6,560+7.7%
6,889
Accounts payable
1,341
1,262−5.9%
—
Total debt
2,560
3,210+25.4%
3,178
Other liabilities
2,191
2,088−4.7%
—
Shareholders’ equity
2,312
2,242−3.0%
2,323
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
939
881−6.1%
1,234
Net income
705
688−2.4%
—
Depreciation & amortization
312
328+5.1%
—
Stock-based compensation
29
28−2.8%
—
Working capital & other
(107)
(163)n/m
—
Cash from investing
(243)
(596)n/m
—
Capex
(209)
(169)n/m
—
PP&E sold
0.6
23+3666.7%
—
Investments bought
(34)
0n/m
—
Investments sold / matured
24
0−100.0%
—
Other investing
(25)
(450)n/m
—
Cash from financing
(576)
(415)n/m
—
Debt repaid
(308)
(559)n/m
—
Dividends
(278)
(288)n/m
—
Buybacks
(248)
(572)n/m
—
Shares issued
10
—
—
Other financing
247
1,005+307.0%
—
Net change in cash
114
(126)−210.7%
—
Free cash flow (OCF − capex)
730
712−2.4%
1,063
Where the cash went
Operating cash flow
939
881−6.1%
1,234
Reinvested in the business
209
169−19.1%
—
% of operating cash flow
22.2%
19.2%
Capex
209
169−19.1%
170
R&D (memo, already in costs)
138
137−0.9%
—
Free cash flow
730
712−2.4%
1,063
YoY
−2.4%
Returned to shareholders
525
861+63.9%
—
% of free cash flow
71.9%
120.8%
Dividends
278
288+3.9%
—
Buybacks
248
572+131.2%
—
Change in total debt
—
650
—
Cash left over
—
502
—
FCF conversion (FCF ÷ net income)
103.6%
103.5%−0.0 pp
—
Owner earnings
—
733
—
Owner earnings margin
—
8.3%
—
Buyback yield
1.6%
4.1%+2.4 pp
—
Returns & ratios
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
2,216
2,271
2,298
2,463
vs year-ago quarter
Gross profit
635
651
665
729
Gross margin
28.7%
28.7%
28.9%
29.6%
Net income
166
166
168
204
vs year-ago quarter
Net margin
7.5%
7.3%
7.3%
8.3%
EPS (diluted, $)
2.13
2.16
2.18
2.67
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
8,867
8,802
8,979
9,212
Cash & equivalents
536
203
255
227
Total debt
3,202
3,210
3,185
3,178
Shareholders’ equity
2,211
2,242
2,300
2,323
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
312
377
136
408
Capex
36
67
28
39
Free cash flow
276
310
108
369
vs year-ago quarter