Screener / SEC EDGAR /CIK 0000008818 /10-K filed Feb 25, 2026, compared with Feb 26, 2025 /Numbers from the XBRL of the 10-Ks
Materials peers:
NYSE Materials · Paper Products

Avery Dennison AVY

Headquarters
Mentor, OH
CEO
Deon Stander
Next results
around Feb 3, 2027
Compare with peers Embed

Where each dollar of revenue went, FY2025

Revenue of $8.9B through the costs to a net profit of $688.0M · income statement of the 10-K

8% net margin
Revenue to Gross profit: $2.5BRevenue to Cost of revenue: $6.3BGross profit to Net profit: $688.0MGross profit to Costs, tax, other: $1.9B Revenue: $8.9B REVENUE $8.9B +1% Y/Y Gross profit: $2.5B · 29% margin GROSS PROFIT $2.5B 29% margin · +1% Y/Y Cost of revenue: $6.3B · 71% of revenue COST OF REVENUE $6.3B 71% of revenue Net profit: $688.0M · 8% margin NET PROFIT $688.0M 8% margin · −2% Y/Y Costs, tax, other: $1.9B · 21% of revenue COSTS, TAX, OTHER $1.9B 21% of revenue
Gross profit $2.5B 29% margin · +1% Y/Y
Net profit $688.0M 8% margin · −2% Y/Y
The full income statement, year by year

AVY among Materials peers

Six ratios from the latest 10-K. Each corner is the share of 23 peers the company is above, not a score.

Compare
Revenue growth: 1.1%, above 26% of 23 peers (their median 5.3%) REVENUE GROWTH 1.1% · above 26% Gross margin: 28.8%, above 58% of 19 peers (their median 26.7%) GROSS MARGIN 28.8% · above 58% Net margin: 7.6%, above 43% of 23 peers (their median 9.2%) NET MARGIN 7.6% · above 43% FCF margin: 11.1%, above 74% of 23 peers (their median 6.8%) FCF MARGIN 11.1% · above 74%
AVY Peer median Below the median

What changed

2 new risk paragraphs. 10-K filed Feb 25, 2026 against Feb 26, 2025.

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

11 checks on the latest 10-K. Checks, not verdicts.

How it works

0facts worth reading about all 11 checks found nothing to note

  • Receivables +2.6% vs revenue +1.1% (+1.4 pts)
  • Cash from operations $881.4M vs net income $688.0M (FY ending Dec 31, 2025)
  • Inventory -0.2% vs revenue +1.1% (-1.4 pts)
8 more checks with nothing to note
  • Same auditor in both 10-Ks: PricewaterhouseCoopers LLP
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • The same matters as last year: Revenue Recognition from Certain Product Revenue
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

2 paragraphs in Risk Factors that were not in the 10-K filed Feb 26, 2025. Quoted as filed.

All 2 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Feb 26, 2025 10-K, ITEM 1A
    Changes in sustainability-focused regulation present a risk to our business. In February 2026, the U.S. Environmental Protection Agency rescinded its 2009 Greenhouse Gas Endangerment Finding, which served as the foundation for various regulations of GHG emissions. Conversely, while currently in a state of flux, reporting requirements…

New risk paragraphs, against peers

Latest 10-K of each, Materials companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$9.0B$8.4B$8.8B$8.9B
Net income$757.1M$503.0M$704.9M$688.0M
Operating cash flow$961.0M$826.0M$938.8M$881.4M
Free cash flow$682.9M$560.7M$730.0M$712.4M

Revenue, FY2016 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$8.9B ▲ 1.1% in FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

2 filings in the last 30 days · SEC EDGAR

All filings

About the company

Avery Dennison, Mentor, OH · from the 10-K filed Feb 25, 2026

Avery Dennison Corporation (“Avery Dennison” or the “Company” and generally referred to as “we” or “us”) was founded in 1935 and incorporated in Delaware in 1977 as Avery International Corporation, the successor corporation to a California corporation of the same name incorporated in 1946. In 1990, we merged one of our subsidiaries into Dennison Manufacturing Company (“Dennison”), as a result of which Dennison became our wholly-owned subsidiary and in connection with which we changed our name to Avery Dennison Corporation. You can learn more about us by visiting our website at www.averydennison.com.

Headquarters
Mentor, OH
Country
United States
Listed on
NYSE
Fiscal year ends
December 31
Last results
Oct 29, 2026
Incorporated in
DE

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Sources

The 10-K filed Feb 25, 2026 (open at SEC), compared with the 10-K filed Feb 26, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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