AVERY DENNISON CORPORATION

EDGAR

Annual consolidated revenue for 2025: about USD 8.856B, using the latest reported figures. The previous period, 2024, was about USD 8.756B.

Watchlist

Latest quarter

Revenue

2.46 billion USD

2026 Q2 · USD

Exact inputs and evidence
  • Revenue: 2462900000 USD Source

Net margin

8.29%

2026 Q2 · %

Exact inputs and evidence
  • Net Income: 204100000 USD Source
  • Revenue: 2462900000 USD Source

Operating cash flow

408 million USD

2026 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: 544700000 USD Source
  • Operating Cash Flow: 136500000 USD Source

Free cash flow

369 million USD

2026 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: 544700000 USD Source
  • Operating Cash Flow: 136500000 USD Source
  • Capital Expenditure: 67500000 USD Source
  • Capital Expenditure: 28300000 USD Source
Cash and cash equivalents
227 million USD Source
Exact value

227300000 USD

Long-term debt including current maturities
3.2 billion USD Source
Exact value

3199000000 USD

Shares outstanding
75.9 million shares Source
Exact value

75902833 shares

Reported share-count change

-2.74% · -2.14 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 78044822 shares · 2025-06-28· Source
  • 75902833 shares · 2026-06-30· Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-29.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 8 of 11 periods available· newest 2025-12-31
  • operating income: No compatible figures in this window
  • Net income: 8 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 8 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 8 of 11 periods available· newest 2025-12-31
  • Total assets: 7 of 11 periods available· newest 2025-12-31
  • liabilities: No compatible figures in this window
  • Current assets: 7 of 11 periods available· newest 2025-12-31
  • Current liabilities: 7 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 9 of 11 periods available· newest 2025-12-31
  • Long-term debt including current maturities: 7 of 11 periods available· newest 2025-12-31
  • Shares outstanding: 7 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +1.1%

    Prior period

    USD 8.76 billion

    –

    Current period

    USD 8.86 billion

    –

    Exact inputs and evidence

    8855500000 − 8755700000 = 99800000 USD

    8755700000 USD · 2023-12-31 – 2024-12-28

    Inspect prior input Prior source

    8855500000 USD · 2024-12-29 – 2025-12-31

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  • Net income

    -2.4%

    Prior period

    USD 704.9 million

    –

    Current period

    USD 688 million

    –

    Exact inputs and evidence

    688000000 − 704900000 = -16900000 USD

    704900000 USD · 2023-12-31 – 2024-12-28

    Inspect prior input Prior source

    688000000 USD · 2024-12-29 – 2025-12-31

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  • Operating cash flow

    -6.1%

    Prior period

    USD 938.8 million

    –

    Current period

    USD 881.4 million

    –

    Exact inputs and evidence

    881400000 − 938800000 = -57400000 USD

    938800000 USD · 2023-12-31 – 2024-12-28

    Inspect prior input Prior source

    881400000 USD · 2024-12-29 – 2025-12-31

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  • Capital expenditure

    -19.1%

    Prior period

    USD 208.8 million

    –

    Current period

    USD 169 million

    –

    Exact inputs and evidence

    169000000 − 208800000 = -39800000 USD

    208800000 USD · 2023-12-31 – 2024-12-28

    Inspect prior input Prior source

    169000000 USD · 2024-12-29 – 2025-12-31

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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2024-12-29 – 2025-12-31

  • Revenue USD 8.86 billion 100% of revenue
  • Operating costs Derived Unavailable An input is unavailable.
  • Operating income Unavailable An input is unavailable.
  • Tax, interest and other Derived Unavailable An input is unavailable.
  • Net income USD 688 million 7.8% of revenue

Cash

  • Operating cash flow USD 881.4 million 10% of revenue
  • Capital expenditure USD 169 million 1.9% of revenue
  • Free cash flow Derived USD 712.4 million 8% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2018 Not shown: operating income or net income is not reported.
  • 2019 Not shown: operating income or net income is not reported.
  • 2020 Not shown: operating income or net income is not reported.
  • 2021 Not shown: operating income or net income is not reported.
  • 2022 Not shown: operating income or net income is not reported.
  • 2023 Not shown: operating income or net income is not reported.
  • 2024 Not shown: operating income or net income is not reported.
  • 2025 Not shown: operating income or net income is not reported.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2018 2017-12-31 – 2018-12-297159000000.0 UnavailableUnavailableUnavailable467400000 231200000 Derived
Source
2019 2018-12-30 – 2019-12-287070100000 UnavailableUnavailableUnavailable303600000 527100000 Derived
Source
2020 2019-12-29 – 2021-01-026971500000 UnavailableUnavailableUnavailable555900000 549900000 Derived
Source
2021 2021-01-03 – 2022-01-018408300000 UnavailableUnavailableUnavailable740100000 791800000 Derived
Source
2022 2022-01-02 – 2022-12-319039300000 UnavailableUnavailableUnavailable757100000 682900000 Derived
Source
2023 2023-01-01 – 2023-12-308364300000 UnavailableUnavailableUnavailable503000000 560700000 Derived
Source
2024 2023-12-31 – 2024-12-288755700000 UnavailableUnavailableUnavailable704900000 730000000 Derived
Source
2025 2024-12-29 – 2025-12-318855500000 UnavailableUnavailableUnavailable688000000 712400000 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 8.9B 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.9.8B7.3B4.9B2.4B0.0201820222025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2018Revenue7159000000.0
2019Revenue7070100000
2020Revenue6971500000
2021Revenue8408300000
2022Revenue9039300000
2023Revenue8364300000
2024Revenue8755700000
2025Revenue8855500000

Revenue growth

Change in revenue from the same financial period one year earlier.

1.1% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.22.9%14.7%6.6%-1.6%-9.7%201820222025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2018Year over yearNo prior comparable period
2019Year over year-1.2%
2020Year over year-1.4%
2021Year over year20.6%
2022Year over year7.5%
2023Year over year-7.5%
2024Year over year4.7%
2025Year over year1.1%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Net margin 7.8% 2025
Free cash flow margin 8% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.10.2%7.6%5.1%2.5%0.0%2018-12-292022-12-312025-12-31
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2018-12-29Operating marginNot reported
2019-12-28Operating marginNot reported
2021-01-02Operating marginNot reported
2022-01-01Operating marginNot reported
2022-12-31Operating marginNot reported
2023-12-30Operating marginNot reported
2024-12-28Operating marginNot reported
2025-12-31Operating marginNot reported
2018Net margin6.5%
2019Net margin4.3%
2020Net margin8%
2021Net margin8.8%
2022Net margin8.4%
2023Net margin6%
2024Net margin8.1%
2025Net margin7.8%
2018Free cash flow margin3.2%
2019Free cash flow margin7.5%
2020Free cash flow margin7.9%
2021Free cash flow margin9.4%
2022Free cash flow margin7.6%
2023Free cash flow margin6.7%
2024Free cash flow margin8.3%
2025Free cash flow margin8%

Operating cash flow

Cash generated by the company’s normal business operations.

USD 881.4M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1.1B847.9M565.3M282.6M0.0201820222025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2018Operating cash flow457900000
2019Operating cash flow746500000
2020Operating cash flow751300000
2021Operating cash flow1046800000
2022Operating cash flow961000000
2023Operating cash flow826000000
2024Operating cash flow938800000
2025Operating cash flow881400000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 712.4M 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.855.1M641.4M427.6M213.8M0.0201820222025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2018Free cash flow231200000
2019Free cash flow527100000
2020Free cash flow549900000
2021Free cash flow791800000
2022Free cash flow682900000
2023Free cash flow560700000
2024Free cash flow730000000
2025Free cash flow712400000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

Not enough comparable data to show this history.
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2018-12-29Liabilities / assetsNot reportedNo source recorded
2019-12-28Liabilities / assetsNot reported
2021-01-02Liabilities / assetsNot reported
2022-01-01Liabilities / assetsNot reported
2022-12-31Liabilities / assetsNot reported
2023-12-30Liabilities / assetsNot reported
2024-12-28Liabilities / assetsNot reported
2025-12-31Liabilities / assetsNot reported

Current assets to current liabilities

Current assets divided by current liabilities.

1.13× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1.35×1.02×0.68×0.34×0.00×2018-12-2920222025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2018-12-29Current assets / current liabilitiesNot reportedNo source recorded
2019Current assets / current liabilities1.04×
2020Current assets / current liabilities1.25×
2021Current assets / current liabilities1.07×
2022Current assets / current liabilities0.99×
2023Current assets / current liabilities1.04×
2024Current assets / current liabilities1.08×
2025Current assets / current liabilities1.13×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2018 2017-12-31 – 2018-12-29
USD 467.4 million
Exact value

Exact value: 467400000 USD

2017-12-31 – 2018-12-29: 467400000 USD Inspect Net Income Open source
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USD 457.9 million
Exact value

Exact value: 457900000 USD

2017-12-31 – 2018-12-29: 457900000 USD Inspect Operating Cash Flow Open source
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USD 226.7 million
Exact value

Exact value: 226700000 USD

2017-12-31 – 2018-12-29: 226700000 USD Inspect Capital Expenditure Open source
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USD 231.2 million
Calculation and evidence

457900000 − 226700000 USD

Exact free cash flow: 231200000 USD

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2019 2018-12-30 – 2019-12-28
USD 303.6 million
Exact value

Exact value: 303600000 USD

2018-12-30 – 2019-12-28: 303600000 USD Inspect Net Income Open source
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USD 746.5 million
Exact value

Exact value: 746500000 USD

2018-12-30 – 2019-12-28: 746500000 USD Inspect Operating Cash Flow Open source
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USD 219.4 million
Exact value

Exact value: 219400000 USD

2018-12-30 – 2019-12-28: 219400000 USD Inspect Capital Expenditure Open source
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USD 527.1 million
Calculation and evidence

746500000 − 219400000 USD

Exact free cash flow: 527100000 USD

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2020 2019-12-29 – 2021-01-02
USD 555.9 million
Exact value

Exact value: 555900000 USD

2019-12-29 – 2021-01-02: 555900000 USD Inspect Net Income Open source
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USD 751.3 million
Exact value

Exact value: 751300000 USD

2019-12-29 – 2021-01-02: 751300000 USD Inspect Operating Cash Flow Open source
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USD 201.4 million
Exact value

Exact value: 201400000 USD

2019-12-29 – 2021-01-02: 201400000 USD Inspect Capital Expenditure Open source
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USD 549.9 million
Calculation and evidence

751300000 − 201400000 USD

Exact free cash flow: 549900000 USD

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2021 2021-01-03 – 2022-01-01
USD 740.1 million
Exact value

Exact value: 740100000 USD

2021-01-03 – 2022-01-01: 740100000 USD Inspect Net Income Open source
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USD 1.05 billion
Exact value

Exact value: 1046800000 USD

2021-01-03 – 2022-01-01: 1046800000 USD Inspect Operating Cash Flow Open source
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USD 255 million
Exact value

Exact value: 255000000 USD

2021-01-03 – 2022-01-01: 255000000 USD Inspect Capital Expenditure Open source
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USD 791.8 million
Calculation and evidence

1046800000 − 255000000 USD

Exact free cash flow: 791800000 USD

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2022 2022-01-02 – 2022-12-31
USD 757.1 million
Exact value

Exact value: 757100000 USD

2022-01-02 – 2022-12-31: 757100000 USD Inspect Net Income Open source
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USD 961 million
Exact value

Exact value: 961000000 USD

2022-01-02 – 2022-12-31: 961000000 USD Inspect Operating Cash Flow Open source
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USD 278.1 million
Exact value

Exact value: 278100000 USD

2022-01-02 – 2022-12-31: 278100000 USD Inspect Capital Expenditure Open source
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USD 682.9 million
Calculation and evidence

961000000 − 278100000 USD

Exact free cash flow: 682900000 USD

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2023 2023-01-01 – 2023-12-30
USD 503 million
Exact value

Exact value: 503000000 USD

2023-01-01 – 2023-12-30: 503000000 USD Inspect Net Income Open source
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USD 826 million
Exact value

Exact value: 826000000 USD

2023-01-01 – 2023-12-30: 826000000 USD Inspect Operating Cash Flow Open source
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USD 265.3 million
Exact value

Exact value: 265300000 USD

2023-01-01 – 2023-12-30: 265300000 USD Inspect Capital Expenditure Open source
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USD 560.7 million
Calculation and evidence

826000000 − 265300000 USD

Exact free cash flow: 560700000 USD

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2024 2023-12-31 – 2024-12-28
USD 704.9 million
Exact value

Exact value: 704900000 USD

2023-12-31 – 2024-12-28: 704900000 USD Inspect Net Income Open source
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USD 938.8 million
Exact value

Exact value: 938800000 USD

2023-12-31 – 2024-12-28: 938800000 USD Inspect Operating Cash Flow Open source
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USD 208.8 million
Exact value

Exact value: 208800000 USD

2023-12-31 – 2024-12-28: 208800000 USD Inspect Capital Expenditure Open source
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USD 730 million
Calculation and evidence

938800000 − 208800000 USD

Exact free cash flow: 730000000 USD

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2025 2024-12-29 – 2025-12-31
USD 688 million
Exact value

Exact value: 688000000 USD

2024-12-29 – 2025-12-31: 688000000 USD Inspect Net Income Open source
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USD 881.4 million
Exact value

Exact value: 881400000 USD

2024-12-29 – 2025-12-31: 881400000 USD Inspect Operating Cash Flow Open source
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USD 169 million
Exact value

Exact value: 169000000 USD

2024-12-29 – 2025-12-31: 169000000 USD Inspect Capital Expenditure Open source
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USD 712.4 million
Calculation and evidence

881400000 − 169000000 USD

Exact free cash flow: 712400000 USD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

216 filings · 11,680 latest values · 11,680 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0000008818, 8818, AVY, edgar:8818

Also known as AVERY DENNISON CORP, AVERY DENNISON CORPORATION, Avery Dennison Corp