# Avery Dennison Corporation (AVY)

**Exchange:** NYSE  
**Sector:** Consumer Cyclical  
**Market cap:** $12.22B  
**Price:** $156.07 (-2.06%)

> Avery Dennison Corporation is a global materials science and digital identification solutions company that provides labeling and packaging materials and solutions. It operates through two primary segments: the Materials Group, which manufactures and sells pressure-sensitive label materials, films for graphic and reflective products, performance tapes and other adhesive products for industrial, medical, and other applications, as well as fastener solutions; and the Solutions Group, which designs, manufactures, and sells branding and information solutions including brand and price tickets, tags, labels, and related services, supplies, and equipment. These offerings help advance industries by optimizing labor and supply chain efficiency, reducing waste, promoting sustainability, circularity, and transparency, and connecting brands with consumers. Avery Dennison Corporation serves sectors such as process industries, pulp and paper, and beyond, playing a key role in enhancing product identification and packaging worldwide. Founded in 1935 and headquartered in Mentor, Ohio, it maintains operations in over 50 countries.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $8.86B | $2.55B | — | $688M | — |
| 2024 | $8.76B | $2.53B | — | $705M | — |
| 2023 | $8.36B | $2.28B | — | $503M | — |
| 2022 | $9.04B | $2.40B | — | $757M | — |
| 2022 | $8.41B | $2.31B | — | $740M | — |
| 2021 | $6.97B | $1.92B | — | $556M | — |
| 2019 | $7.07B | $1.90B | — | $304M | — |
| 2018 | $7.16B | $1.92B | — | $467M | — |
| 2017 | $6.61B | $1.81B | — | $282M | — |
| 2016 | $6.09B | $1.70B | — | $321M | — |
| 2016 | $5.97B | $1.65B | — | — | — |
| 2015 | $6.33B | $1.65B | — | — | — |
| 2013 | $6.14B | $1.64B | — | — | — |
| 2012 | $5.86B | $1.53B | — | — | — |
| 2011 | $5.84B | $1.48B | — | $190M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $8.80B | $6.56B | $2.24B | $203M | $3.20B |
| 2024 | $8.40B | $6.09B | $2.31B | $329M | $2.55B |
| 2023 | $8.21B | $6.08B | $2.13B | $215M | $2.62B |
| 2022 | $7.95B | $5.92B | $2.03B | $167M | $2.50B |
| 2022 | $7.97B | $6.05B | $1.92B | $163M | $2.77B |
| 2021 | $6.08B | $4.60B | $1.48B | $252M | $2.03B |
| 2019 | $5.49B | $4.28B | $1.20B | $254M | $1.48B |
| 2018 | $5.18B | $4.22B | $955M | $232M | $1.75B |
| 2017 | $5.14B | $4.10B | $1.03B | $224M | — |
| 2016 | $4.40B | $3.47B | $926M | $195M | — |
| 2016 | $4.13B | $3.17B | $966M | $159M | — |
| 2015 | $4.36B | $3.31B | $1.05B | $207M | — |
| 2013 | $4.61B | $3.14B | $1.47B | $351M | — |
| 2012 | $5.11B | $3.57B | $1.54B | $235M | — |
| 2011 | $4.97B | $3.31B | $1.66B | $178M | $954M |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $881M | $169M | $712M |
| 2024 | $939M | $209M | $730M |
| 2023 | $826M | $265M | $561M |
| 2022 | $961M | $278M | $683M |
| 2022 | $1.05B | $255M | $792M |
| 2021 | $751M | $201M | $550M |
| 2019 | $747M | $219M | $527M |
| 2018 | $458M | $227M | $231M |
| 2017 | $646M | $191M | $455M |
| 2016 | $582M | $177M | $405M |
| 2016 | $474M | $136M | $338M |
| 2015 | $355M | $148M | $207M |
| 2013 | $320M | $129M | $190M |
| 2012 | $513M | $99M | $414M |
| 2011 | $423M | $110M | $313M |

Source: [CompaniesByCap](https://companiesbycap.com/company/AVY)