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NYSE · Materials

Avery Dennison Corp (AVY)

As-reported financials and SEC filings for Avery Dennison Corp. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Avery Dennison Corp

Avery Dennison Corp produces labeling and functional materials, RFID inlays and tags, and software applications that connect physical products with digital information. The company serves industries such as home and personal care, apparel, retail, e-commerce, logistics, food, pharmaceuticals, and automotive worldwide. Its operations include two main segments: Materials Group, which provides pressure-sensitive label materials, graphics, and tapes, and Solutions Group, which offers digital identification, branding, and information solutions.

Snapshot

Revenue
$8.86B
Revenue growth (YoY)
1.1%
Net income
$688.0M
Diluted EPS
$8.79
Gross margin
28.8%
Operating margin
Net margin
7.8%
FCF margin
8.0%
ROE
30.7%
net income / fiscal-year-end equity
P/E
18.6×
trailing when available, otherwise FY EPS
Market cap
$12.87B
Long-term debt / equity
1.43×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Avery Dennison

  • Revenue grew 1.1% to $8.9B in FY2025, slower than the 4.7% the year before.
  • Most recent quarter Q2 FY2026: revenue $2.5B, up 10.9% from Q2 FY2025.
  • Free cash flow was $712M in FY2025, 8.0% of revenue.
  • Net income fell 2.4% to $688M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Avery Dennison’s fundamentals sit among the 241 Materials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin28.8%
57th percentile of 191
Net margin7.8%
74th percentile of 221
FCF margin8.0%
68th percentile of 205
Revenue growth (YoY)+1.1%
47th percentile of 236
ROE30.7%
97th percentile of 216
P/E18.6×
40th percentile of 134
Long-term debt / equity1.43×
82nd percentile of 165
Short interest2.12d
20th percentile of 237

Avery Dennison’s return on equity of 30.7% ranks in the 97th percentile of the 216 Materials companies reporting it.

No reported insider purchases (code P) in the last 90 days; 1 insider sale totaling $298,945. For context, about 14% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 2 of the superinvestors we track (plus 7 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
2
+7 quant / multi-strat
Initiated / added
5
1 new, 4 added
Reduced / exited
4
4 trimmed, 0 exited
Combined position
$228.7M
reported long value
InvestorAs ofPosition valueSharesChange
Gotham Asset ManagementQ2 2026$55.1M339.5KAdded
AQR Capital ManagementquantQ2 2026$51.9M319.9KReduced
Point72 Asset ManagementquantQ2 2026$35.4M218.2KNew
Citadel AdvisorsquantQ2 2026$29.1M179.0KReduced
Bridgewater AssociatesQ2 2026$18.2M111.8KAdded
Millennium ManagementquantQ2 2026$15.8M97.2KReduced
Renaissance TechnologiesquantQ2 2026$13.2M81.1KReduced
Two Sigma InvestmentsquantQ2 2026$8.3M51.0KAdded
D. E. ShawquantQ2 2026$1.8M11.2KAdded

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
1
$299K
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-04
filed 2026-08-05
Walker Ignacio JSVP and Chief Legal OfficerSell1.7K$171.61$299K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
2.7M
settled 2026-08-31
Change vs prior
-1.3%
vs previous settlement
Days to cover
2.12
at avg daily volume
Avg daily volume
1.3M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-312.7M-1.3%2.12
2026-08-142.7M+2.6%3.39
2026-07-312.6M-4.1%2.74
2026-07-152.7M+7.7%4.18
2026-06-302.5M-5.8%3.21
2026-06-152.7M+25.8%3.57
2026-05-292.1M-3.1%3.23
2026-05-152.2M+11.0%3.22

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$8.86B$8.76B$8.36B$9.04B$8.41B
Gross profit$2.55B$2.53B$2.28B$2.40B$2.31B
Operating income
Net income$688.0M$704.9M$503.0M$757.1M$740.1M
Diluted EPS$8.79$8.73$6.20$9.21$8.83

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$202.8M$329.1M$215.0M$167.2M$162.7M
Current assets$2.99B$3.08B$2.80B$2.78B$2.73B
Total assets$8.80B$8.40B$8.21B$7.95B$7.97B
Current liabilities$2.65B$2.86B$2.70B$2.80B$2.55B
Long-term debt$3.21B$2.56B$2.62B$2.50B$2.79B
Total liabilities$6.56B$6.09B$6.08B$5.92B$6.05B
Total equity$2.24B$2.31B$2.13B$2.03B$1.92B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$881.4M$938.8M$826.0M$961.0M$1.05B
Capital expenditure$169.0M$208.8M$265.3M$278.1M$255.0M
Free cash flow$712.4M$730.0M$560.7M$682.9M$791.8M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$2.46B10.9%$204.1M$2.67
Q1 FY2026$2.30B7.0%$168.1M$2.18
Q4 FY2025$2.27B3.9%$166.4M$2.15
Q3 FY2025$2.22B1.5%$166.3M$2.13
Q2 FY2025$2.22B-0.7%$189.0M$2.41
Q1 FY2025$2.15B-0.1%$166.3M$2.09
Q4 FY2024$2.19B3.6%$174.0M$2.17
Q3 FY2024$2.18B4.1%$181.7M$2.25

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorMaterials
SIC industryConverted Paper & Paperboard Prods (No Contaners/Boxes)
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2013
SEC CIK8818

Selected SEC filings

10-Q2026-08-04
View on EDGAR →
10-Q2026-05-05
View on EDGAR →
8-K2026-08-19
View on EDGAR →
8-K2026-07-30
View on EDGAR →
8-K2026-06-04
View on EDGAR →
8-K2026-05-01
View on EDGAR →

Largest Materials peers

All Materials companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.