InsiderClue
Stocks · Materials · Converted Paper & Paperboard Prods (No Contaners/Boxes)

Avery Dennison

AVY Clue Score36
United States Fiscal year ends December CIK 0000008818
$167.82 +0.12% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $167.82 −18.54% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueNet income
Fiscal year 2016Revenue6,086.5Net income320.7EPS, diluted3.54Fiscal year 2017Revenue6,613.8 +8.7%Net income281.8 −12.1%EPS, diluted3.13 −11.6%Fiscal year 2018Revenue7,159.0 +8.2%Net income467.4 +65.9%EPS, diluted5.28 +68.7%Fiscal year 2019Revenue7,070.1 −1.2%Net income303.6 −35.0%EPS, diluted3.57 −32.4%Fiscal year 2021Revenue6,971.5 −1.4%Net income555.9 +83.1%EPS, diluted6.61 +85.2%Fiscal year 2022Revenue8,408.3 +20.6%Net income740.1 +33.1%EPS, diluted8.83 +33.6%Fiscal year 2022Revenue9,039.3 +7.5%Net income757.1 +2.3%EPS, diluted9.21 +4.3%Fiscal year 2023Revenue8,364.3 −7.5%Net income503.0 −33.6%EPS, diluted6.20 −32.7%Fiscal year 2024Revenue8,755.7 +4.7%Net income704.9 +40.1%EPS, diluted8.73 +40.8%Fiscal year 2025Revenue8,855.5 +1.1%Net income688.0 −2.4%EPS, diluted8.79 +0.7%
FY2016FY2017FY2018FY2019FY2021FY2022FY2022FY2023FY2024FY2025
Revenue 6,086.5 6,613.8 7,159.0 7,070.1 6,971.5 8,408.3 9,039.3 8,364.3 8,755.7 8,855.5
Growth +8.7% +8.2% −1.2% −1.4% +20.6% +7.5% −7.5% +4.7% +1.1%
Net income 320.7 281.8 467.4 303.6 555.9 740.1 757.1 503.0 704.9 688.0
Growth −12.1% +65.9% −35.0% +83.1% +33.1% +2.3% −33.6% +40.1% −2.4%
EPS, diluted 3.54 3.13 5.28 3.57 6.61 8.83 9.21 6.20 8.73 8.79
Growth −11.6% +68.7% −32.4% +85.2% +33.6% +4.3% −32.7% +40.8% +0.7%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginNet margin
Fiscal year 2016Gross margin27.9%Net margin5.3%Free cash flow margin6.7%Fiscal year 2017Gross margin27.4%Net margin4.3%Free cash flow margin6.9%Fiscal year 2018Gross margin26.8%Net margin6.5%Free cash flow margin3.2%Fiscal year 2019Gross margin26.9%Net margin4.3%Free cash flow margin7.5%Fiscal year 2021Gross margin27.6%Net margin8.0%Free cash flow margin7.9%Fiscal year 2022Gross margin27.5%Net margin8.8%Free cash flow margin9.4%Fiscal year 2022Gross margin26.6%Net margin8.4%Free cash flow margin7.6%Fiscal year 2023Gross margin27.2%Net margin6.0%Free cash flow margin6.7%Fiscal year 2024Gross margin28.9%Net margin8.1%Free cash flow margin8.3%Fiscal year 2025Gross margin28.8%Net margin7.8%Free cash flow margin8.0%
FY2016FY2017FY2018FY2019FY2021FY2022FY2022FY2023FY2024FY2025
Gross margin 27.9% 27.4% 26.8% 26.9% 27.6% 27.5% 26.6% 27.2% 28.9% 28.8%
Net margin 5.3% 4.3% 6.5% 4.3% 8.0% 8.8% 8.4% 6.0% 8.1% 7.8%
Free cash flow margin 6.7% 6.9% 3.2% 7.5% 7.9% 9.4% 7.6% 6.7% 8.3% 8.0%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow582.1Capital expenditure−176.9Free cash flow405.2Buybacks−262.4Dividends paid−142.5Fiscal year 2017Operating cash flow645.7Capital expenditure−190.5Free cash flow455.2 +12.3%Buybacks−129.7Dividends paid−155.5Fiscal year 2018Operating cash flow457.9Capital expenditure−226.7Free cash flow231.2 −49.2%Buybacks−392.9Dividends paid−175.0Fiscal year 2019Operating cash flow746.5Capital expenditure−219.4Free cash flow527.1 +128.0%Buybacks−237.7Dividends paid−189.7Fiscal year 2021Operating cash flow751.3Capital expenditure−201.4Free cash flow549.9 +4.3%Buybacks−104.3Dividends paid−196.8Fiscal year 2022Operating cash flow1,046.8Capital expenditure−255.0Free cash flow791.8 +44.0%Buybacks−180.9Dividends paid−220.6Fiscal year 2022Operating cash flow961.0Capital expenditure−278.1Free cash flow682.9 −13.8%Buybacks−379.5Dividends paid−238.9Fiscal year 2023Operating cash flow826.0Capital expenditure−265.3Free cash flow560.7 −17.9%Buybacks−137.5Dividends paid−256.7Fiscal year 2024Operating cash flow938.8Capital expenditure−208.8Free cash flow730.0 +30.2%Buybacks−247.5Dividends paid−277.5Fiscal year 2025Operating cash flow881.4Capital expenditure−169.0Free cash flow712.4 −2.4%Buybacks−572.3Dividends paid−288.4
FY2016FY2017FY2018FY2019FY2021FY2022FY2022FY2023FY2024FY2025
Operating cash flow 582.1 645.7 457.9 746.5 751.3 1,046.8 961.0 826.0 938.8 881.4
Capital expenditure −176.9 −190.5 −226.7 −219.4 −201.4 −255.0 −278.1 −265.3 −208.8 −169.0
Free cash flow 405.2 455.2 231.2 527.1 549.9 791.8 682.9 560.7 730.0 712.4
Growth +12.3% −49.2% +128.0% +4.3% +44.0% −13.8% −17.9% +30.2% −2.4%
Buybacks −262.4 −129.7 −392.9 −237.7 −104.3 −180.9 −379.5 −137.5 −247.5 −572.3
Dividends paid −142.5 −155.5 −175.0 −189.7 −196.8 −220.6 −238.9 −256.7 −277.5 −288.4

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash195.1Total debt250.0Net cash (debt)−54.9Shareholders’ equity925.5Debt to equity0.27Fiscal year 2017Cash224.4Shareholders’ equity1,032.4Fiscal year 2018Cash232.0Total debt1,750.9Net cash (debt)−1,518.9Shareholders’ equity955.1Debt to equity1.83Fiscal year 2019Cash253.7Total debt1,475.3Net cash (debt)−1,221.6Shareholders’ equity1,204.0Debt to equity1.23Fiscal year 2021Cash252.3Total debt2,029.2Net cash (debt)−1,776.9Shareholders’ equity1,484.9Debt to equity1.37Fiscal year 2022Cash162.7Total debt2,774.2Net cash (debt)−2,611.5Shareholders’ equity1,924.4Debt to equity1.44Fiscal year 2022Cash167.2Total debt2,495.4Net cash (debt)−2,328.2Shareholders’ equity2,032.2Debt to equity1.23Fiscal year 2023Cash215.0Total debt2,615.0Net cash (debt)−2,400.0Shareholders’ equity2,127.9Debt to equity1.23Fiscal year 2024Cash329.1Total debt2,550.8Net cash (debt)−2,221.7Shareholders’ equity2,312.3Debt to equity1.10Fiscal year 2025Cash202.8Total debt3,199.0Net cash (debt)−2,996.2Shareholders’ equity2,242.1Debt to equity1.43
FY2016FY2017FY2018FY2019FY2021FY2022FY2022FY2023FY2024FY2025
Cash 195.1 224.4 232.0 253.7 252.3 162.7 167.2 215.0 329.1 202.8
Total debt 250.0 n/a 1,750.9 1,475.3 2,029.2 2,774.2 2,495.4 2,615.0 2,550.8 3,199.0
Net cash (debt) −54.9 n/a −1,518.9 −1,221.6 −1,776.9 −2,611.5 −2,328.2 −2,400.0 −2,221.7 −2,996.2
Shareholders’ equity 925.5 1,032.4 955.1 1,204.0 1,484.9 1,924.4 2,032.2 2,127.9 2,312.3 2,242.1
Debt to equity 0.27 n/a 1.83 1.23 1.37 1.44 1.23 1.23 1.10 1.43

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 30 Dec 2017 FY2018 29 Dec 2018 FY2019 28 Dec 2019 FY2021 2 Jan 2021 FY2022 1 Jan 2022 FY2022 31 Dec 2022 FY2023 30 Dec 2023 FY2024 28 Dec 2024 FY2025 31 Dec 2025
Margins
27.9% 27.4% 26.8% 26.9% 27.6% 27.5% 26.6% 27.2% 28.9% 28.8%
7.8% 8.9% 7.7% 3.5% 10.6% 11.8% 11.1% 8.3% 10.9% 10.4%
5.3% 4.3% 6.5% 4.3% 8.0% 8.8% 8.4% 6.0% 8.1% 7.8%
6.7% 6.9% 3.2% 7.5% 7.9% 9.4% 7.6% 6.7% 8.3% 8.0%
Spending
1.5% 1.4% 1.4% 1.3% 1.6% 1.6% 1.5% 1.6% 1.6% 1.5%
17.8% 16.7% 15.7% 15.3% 15.2% 14.8% 14.7% 15.7% 16.2% 16.1%
2.9% 2.9% 3.2% 3.1% 2.9% 3.0% 3.1% 3.2% 2.4% 1.9%
32.8% 52.2% 15.4% −22.7% 24.1% 25.0% 24.2% 27.6% 26.1% 25.6%
Returns
34.7% 27.3% 48.9% 25.2% 37.4% 38.5% 37.3% 23.6% 30.5% 30.7%
7.3% 5.5% 9.0% 5.5% 9.1% 9.3% 9.5% 6.1% 8.4% 7.8%
Balance and payout
0.27 n/a 1.83 1.23 1.37 1.44 1.23 1.23 1.10 1.43
44.4% 55.2% 37.4% 62.5% 35.4% 29.8% 31.6% 51.0% 39.4% 41.9%
99.9% 62.7% 245.6% 81.1% 54.8% 50.7% 90.6% 70.3% 71.9% 120.8%