Avery Dennison Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 28, 2024	Dec '23 Dec 30, 2023	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Revenue	8,856	8,756	8,364	9,039	8,408
Revenue Growth (YoY)	1.14%	4.68%	-7.47%	7.50%	20.61%
Cost of Revenue	6,309	6,225	6,087	6,635	6,096
Gross Profit	2,546	2,531	2,278	2,404	2,313
Selling, General & Admin	1,423	1,415	1,314	1,331	1,249
Other Operating Expenses	77.5	71.6	180.9	-0.6	5.6
Total Operating Expenses	1,500	1,487	1,495	1,330	1,254
Operating Income	1,046	1,044	782.9	1,074	1,059
Interest Income	-	-	-	-	3.9
Interest Expense	-135.4	-117	-119	-84.1	-70.2
Other Non-Operating Income (Expense)	14.2	26.7	30.8	9.4	4.1
Total Non-Operating Income (Expense)	-121.2	-90.3	-88.2	-74.7	-62.2
Pretax Income	925.1	953.5	694.7	999.3	992.6
Provision for Income Taxes	237.1	248.6	191.7	242.2	248.6
Net Income	688	704.9	503	757.1	740.1
Net Income to Common	688	704.9	503	757.1	740.1
Net Income Growth	-2.40%	40.14%	-33.56%	2.30%	33.13%
Shares Outstanding (Basic)	78,100,000	80,400,000	80,700,000	82	83
Shares Outstanding (Diluted)	78,300,000	80,700,000	81,100,000	82	84
Shares Change (YoY)	-2.97%	-0.49%	98661700.49%	-1.91%	-0.36%
EPS (Basic)	8.81	8.77	6.23	9.28	8.93
EPS (Diluted)	8.79	8.73	6.20	9.21	8.83
EPS Growth	0.69%	40.81%	-32.68%	4.30%	33.59%
Shares Outstanding	76.88	79.8	80.5	80.81	82.61
Free Cash Flow	712.4	730	560.7	682.9	791.8
Free Cash Flow Growth	-2.41%	30.19%	-17.89%	-13.75%	43.99%
Free Cash Flow Per Share	0.00	0.00	0.00	8.31	9.45
Dividends Per Share	3.700	3.450	3.180	2.930	2.660
Dividend Growth	7.25%	8.49%	8.53%	10.15%	12.71%
Gross Margin	28.75%	28.90%	27.23%	26.60%	27.51%
Operating Margin	11.82%	11.92%	9.36%	11.88%	12.59%
Profit Margin	7.77%	8.05%	6.01%	8.38%	8.85%
FCF Margin	8.04%	8.34%	6.70%	7.55%	9.42%
EBITDA	1,375	1,356	1,081	1,365	1,303
EBITDA Margin	15.52%	15.49%	12.93%	15.10%	15.49%
EBIT	1,046	1,044	782.9	1,074	1,059
EBIT Margin	11.82%	11.92%	9.36%	11.88%	12.59%
Effective Tax Rate	25.63%	26.07%	27.59%	24.24%	25.05%

Updated Feb 4, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q