Latest revenue
$2.30B
as of 2026-03-31
Latest net income
$168.1M
as of 2026-03-31
Net margin
7.3%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $12.21B
- Enterprise value
- $15.46B
- P/E (trailing)
- 17.8×
- Forward P/E
- —
- P/B
- 5.52×
- Dividend yield
- 2.4%
- 52-wk high
- $199.54
- 52-wk low
- $152.68
- Beta
- —
- Shares out
- 76.5M
5-year trend
What this company does
Avery Dennison makes pressure-sensitive adhesive labels, packaging materials, and RFID-enabled tags used by retailers, logistics firms, and consumer brands to identify and track products. The company earns revenue primarily through its Materials Group, which sells label and graphic substrates, and its Solutions Group, which provides apparel branding tags and intelligent RFID labels. The company is leaning into RFID-driven 'Intelligent Labels' growth while returning capital aggressively, repurchasing $454 million of stock and funding the pending W.F. Taylor acquisition with new euro debt.
Generated from AVY's filing dated 2026-02-25
Key risks
- Rising leverage: long-term debt grew to $3.20B from $2.56B after €500M senior notes issuance; total debt fair value now $3.71B.
- Margin pressure: 9-month gross profit fell to $1,895.6M from $1,921.5M despite flat sales; net income declined to $521.6M from $530.9M.
- Aggressive capital return amid softening cash flow: $453.6M buybacks plus $216M dividends versus operating cash flow down to $504.6M from $587.6M.
Generated from AVY's filing dated 2026-02-25
Profitability
Gross margin
28.8%
0.5%Net margin
7.8%
3.5%Return on equity
30.7%
0.7%Return on assets
7.8%
6.8%Leverage
Debt / equity
2.93×
11.0%Long-term debt / equity
1.43×
29.3%Debt / assets
74.5%
2.8%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $2.30B | +7.0% | $168.1M | +1.1% | 7.3% |
Q4 2025 2025-12-31 | $2.27B | +3.9% | $166.4M | -4.4% | 7.3% |
Q3 2025 2025-09-27 | $2.22B | +1.5% | $166.3M | -8.5% | 7.5% |
Q2 2025 2025-06-28 | $2.22B | -0.7% | $189.0M | +6.9% | 8.5% |
Q1 2025 2025-03-29 | $2.15B | -0.1% | $166.3M | -3.5% | 7.7% |
Q4 2024 2024-12-28 | $2.19B | — | $174.0M | — | 8.0% |
Q3 2024 2024-09-28 | $2.18B | +4.1% | $181.7M | +31.4% | 8.3% |
Q2 2024 2024-06-29 | $2.24B | +6.9% | $176.8M | +76.1% | 7.9% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Converted Paper & Paperboard Prods (No Contaners/Boxes) · SIC 2670
Your notes
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Insider activity
Insider buying
$0
Insider selling
$20.2M
Net activity
−$20.2M
Distinct insiders
2
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns AVY
Institutional value
$5.91B
Total shares held
35.6M
Distinct holders
547
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 6.4M | $1.10B | — | New |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | 5.0M | $865.1M | — | New |
| 3 | VANGUARD PORTFOLIO MANAGEMENT LLC | 4.9M | $840.0M | — | New |
| 4 | Invesco Ltd. | 1.3M | $232.6M | — | New |
| 5 | UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 939.1K | $162.2M | — | New |
| 6 | DIMENSIONAL FUND ADVISORS LP | 879.1K | $151.8M | — | New |
| 7 | Meridiem Investment Management Ltd. | 749.2K | $129.4M | — | New |
| 8 | Bank of New York Mellon Corp | 731.2K | $126.3M | — | New |
| 9 | ENVESTNET ASSET MANAGEMENT INC | 564.0K | $97.4M | — | New |
| 10 | COOKE & BIELER LP | 538.3K | $92.9M | — | New |
| 11 | DEUTSCHE BANK AG\ | 493.9K | $85.3M | — | New |
| 12 | VANGUARD FIDUCIARY TRUST CO | 434.7K | $75.1M | — | New |
| 13 | Legal & General Group Plc | 399.4K | $69.0M | — | New |
| 14 | JOHNSON INVESTMENT COUNSEL INC | 368.0K | $63.6M | — | New |
| 15 | PRINCIPAL FINANCIAL GROUP INC | 363.3K | $62.7M | — | New |
| 16 | JPMORGAN CHASE & CO | 356.8K | $60.0M | — | New |
| 17 | UBS Group AG | 332.6K | $57.4M | — | New |
| 18 | Boston Trust Walden Corp | 323.8K | $55.9M | — | New |
| 19 | Homestead Advisers Corp | 306.6K | $52.7M | — | New |
| 20 | FIRST TRUST ADVISORS LP | 287.4K | $49.6M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
Operating cash flow fell to $504.6M from $587.6M despite flat revenue—what working capital dynamic drove the $338.6M assets/liabilities drag?
- 2
You spent $453.6M on buybacks plus $216M dividends while issuing €500M of 2035 notes—why lever up at 4% to repurchase shares here?
- 3
Gross margin compressed ~50bps and Q3 EPS dropped to $2.13 from $2.26—what's structurally pressuring Materials Group pricing versus input costs?
Refreshed when AVY files a new report · last from 2026-02-25