Avery Dennison Corporation (AVY)

Avery Dennison Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 27, 2025	Dec 28, 2024	Dec 30, 2023	Dec 31, 2022	Jan 1, 2022	Jan 2, 2021
Revenue	8,770	8,756	8,364	9,039	8,408	6,972
Revenue Growth (YoY)	1.03%	4.68%	-7.47%	7.50%	20.61%	-1.40%
Cost of Revenue	6,265	6,225	6,087	6,635	6,096	5,048
Gross Profit	2,505	2,531	2,278	2,404	2,313	1,923
Selling, General & Admin	1,219	1,251	1,176	1,180	1,128	936.9
Research & Development	137.8	137.8	135.8	136.1	136.6	112.8
Operating Expenses	1,357	1,389	1,312	1,316	1,265	1,050
Operating Income	1,148	1,142	966	1,088	1,048	873.6
Interest Expense	-127.4	-117	-119	-84.1	-70.2	-70
Earnings From Equity Investments	-	-	-	-	-3.9	-3.7
Currency Exchange Gain (Loss)	-3.8	-15.2	5.5	-4.3	21	-14.2
Other Non Operating Income (Expenses)	-11.7	-1	-12.2	-1.4	-19.7	-2.2
EBT Excluding Unusual Items	1,005	1,008	840.3	998.4	975	783.5
Merger & Restructuring Charges	-39	-41.9	-79.4	-7.7	-13.6	-55.3
Gain (Loss) on Sale of Investments	-14.3	-19.2	-1.5	13.5	23	5.4
Gain (Loss) on Sale of Assets	11.5	-	-0.5	1.4	5.5	0.5
Legal Settlements	-5	6.2	-64.3	-6.3	0.4	-
Other Unusual Items	0.1	0.1	0.1	-	-1.6	-0.5
Pretax Income	958.7	953.5	694.7	999.3	988.7	733.6
Income Tax Expense	263.1	248.6	191.7	242.2	248.6	177.7
Earnings From Continuing Operations	695.6	704.9	503	757.1	740.1	555.9
Net Income	695.6	704.9	503	757.1	740.1	555.9
Net Income to Common	695.6	704.9	503	757.1	740.1	555.9
Net Income Growth	3.21%	40.14%	-33.56%	2.30%	33.13%	83.10%
Shares Outstanding (Basic)	79	80	81	82	83	83
Shares Outstanding (Diluted)	79	81	81	82	84	84
Shares Change (YoY)	-2.35%	-0.49%	-1.34%	-1.91%	-0.36%	-1.06%
EPS (Basic)	8.82	8.77	6.23	9.28	8.93	6.67
EPS (Diluted)	8.81	8.73	6.20	9.21	8.83	6.61
EPS Growth	5.73%	40.81%	-32.68%	4.30%	33.59%	85.15%
Free Cash Flow	684.4	730	560.7	682.9	791.8	549.9
Free Cash Flow Per Share	8.67	9.05	6.91	8.31	9.45	6.54
Dividend Per Share	3.640	3.450	3.180	2.930	2.660	2.360
Dividend Growth	7.69%	8.49%	8.53%	10.15%	12.71%	4.42%
Gross Margin	28.56%	28.90%	27.23%	26.60%	27.51%	27.59%
Operating Margin	13.09%	13.04%	11.55%	12.04%	12.46%	12.53%
Profit Margin	7.93%	8.05%	6.01%	8.38%	8.80%	7.97%
Free Cash Flow Margin	7.80%	8.34%	6.70%	7.56%	9.42%	7.89%
EBITDA	1,436	1,421	1,237	1,349	1,262	1,050
EBITDA Margin	16.38%	16.23%	14.78%	14.93%	15.01%	15.06%
D&A For EBITDA	287.8	279.1	270.5	261.2	214	176.3
EBIT	1,148	1,142	966	1,088	1,048	873.6
EBIT Margin	13.09%	13.04%	11.55%	12.04%	12.46%	12.53%
Effective Tax Rate	27.44%	26.07%	27.59%	24.24%	25.14%	24.22%

Updated Oct 22, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q