Tearsheet

ACCO Brands (ACCO)


Market Price (12/17/2025): $3.79 | Market Cap: $347.5 Mil
Sector: Industrials | Industry: Office Services & Supplies

ACCO Brands (ACCO)


Market Price (12/17/2025): $3.79
Market Cap: $347.5 Mil
Sector: Industrials
Industry: Office Services & Supplies

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow


0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 19%, Dividend Yield is 7.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 14%, FCF Yield is 19%
Weak multi-year price returns
2Y Excs Rtn is -66%, 3Y Excs Rtn is -87%
Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 240%
1 Low stock price volatility
Vol 12M is 41%
  Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -9.5%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -8.5%, Rev Chg QQuarterly Revenue Change % is -8.8%
2 Megatrend and thematic drivers
Megatrends include E-commerce & DTC Adoption, and Sustainable Consumption. Themes include Direct-to-Consumer Brands (Staples), and Eco-friendly Products.
  Key risks
ACCO key risks include [1] a reliance on a limited number of large customers and [2] foreign currency exchange rate fluctuations.
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 19%, Dividend Yield is 7.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 14%, FCF Yield is 19%
1 Low stock price volatility
Vol 12M is 41%
2 Megatrend and thematic drivers
Megatrends include E-commerce & DTC Adoption, and Sustainable Consumption. Themes include Direct-to-Consumer Brands (Staples), and Eco-friendly Products.
3 Weak multi-year price returns
2Y Excs Rtn is -66%, 3Y Excs Rtn is -87%
4 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 240%
5 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -9.5%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -8.5%, Rev Chg QQuarterly Revenue Change % is -8.8%
6 Key risks
ACCO key risks include [1] a reliance on a limited number of large customers and [2] foreign currency exchange rate fluctuations.

Valuation, Metrics & Events

ACCO Stock


Why The Stock Moved


Qualitative Assessment

AI Generated Analysis | Feedback

**1. ACCO Brands Missed Q3 2025 Revenue and Earnings Expectations.** The company reported third-quarter 2025 net sales of $383.7 million, an 8.8% decrease compared to the same period last year, falling short of analyst estimates of $391.07 million. Additionally, adjusted earnings per share (EPS) of $0.21 were slightly below the forecasted $0.22.

**2. Continued Sales Pressure Across Segments.** ACCO Brands cited "continued sales pressure across segments" and a "soft demand environment for many of our categories globally" in its Q3 2025 results. Specifically, ACCO Brands Americas experienced a 12.2% year-over-year sales decline, and ACCO Brands International saw sales decrease by 3.5%.

**3. Reaffirmed Lower Full-Year 2025 Outlook.** Despite some cost reduction achievements, the company reaffirmed its full-year 2025 outlook, projecting reported net sales to be down in the range of 7.0% to 8.5% compared to 2024. This sustained negative outlook likely contributed to investor concern.

**4. Executive Leadership Changes.** In June 2025, ACCO Brands announced changes to its senior executive leadership team. The Executive Vice President and President of the Americas segment departed effective August 1, 2025, and the Executive Vice President and President of the International segment began transitioning out by December 31, 2025. These changes were linked to the company's multi-year restructuring and cost savings program.

**5. Ongoing Tariff Challenges.** ACCO Brands continued to face and actively manage tariff challenges. Consumer purchasing decisions related to the U.S. tariff situation were noted as an impact on Q2 2025 sales, and tariffs have been a contributing factor to the stock's broader decline over several years.

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Stock Movement Drivers

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
ACCO Return-6%1%-29%15%-9%-22%-45%
Peers Return11%-32%8%10%-15%
S&P 500 Return16%27%-19%24%23%14%108%

Monthly Win Rates [3]
ACCO Win Rate42%58%42%58%42%33% 
Peers Win Rate52%53%43%57%43%43% 
S&P 500 Win Rate58%75%42%67%75%73% 

Max Drawdowns [4]
ACCO Max Drawdown-58%-6%-46%-20%-24%-33% 
Peers Max Drawdown-11%-39%-20%-24%-28% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: MMM, NWL, HPQ, HNI, CRSR. See ACCO Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/17/2025 (YTD)

How Low Can It Go

Unique KeyEventACCOS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-55.6%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven125.3%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-62.3%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven165.0%51.3%
2020 Covid PandemicTime to BreakevenTime to BreakevenNot Fully Recovered days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-57.1%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven133.3%24.7%
2018 CorrectionTime to BreakevenTime to BreakevenNot Fully Recovered days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-97.5%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven3850.7%131.3%
2008 Global Financial CrisisTime to BreakevenTime to BreakevenNot Fully Recovered days1480 days

Compare to PBI, TILE, NL, MSA, WSC


In The Past

ACCO Brands's stock fell -55.6% during the 2022 Inflation Shock from a high on 9/2/2021. A -55.6% loss requires a 125.3% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About ACCO Brands (ACCO)

Better Bets than ACCO Brands (ACCO)

Trade Ideas

Select past ideas related to ACCO. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
CNM_11212025_Dip_Buyer_FCFYield11212025CNMCore & MainDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
19.8%19.8%-1.6%
VRRM_11212025_Dip_Buyer_FCFYield11212025VRRMVerra MobilityDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
2.2%2.2%-1.2%
LII_11212025_Dip_Buyer_ValueBuy11212025LIILennox InternationalDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
5.9%5.9%0.0%
ADP_11212025_Monopoly_xInd_xCD_Getting_Cheaper11212025ADPAutomatic Data ProcessingMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
4.2%4.2%-1.2%
CW_11212025_Quality_Momentum_RoomToRun_10%11212025CWCurtiss-WrightQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run
1.5%1.5%0.0%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
CNM_11212025_Dip_Buyer_FCFYield11212025CNMCore & MainDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
19.8%19.8%-1.6%
VRRM_11212025_Dip_Buyer_FCFYield11212025VRRMVerra MobilityDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
2.2%2.2%-1.2%
LII_11212025_Dip_Buyer_ValueBuy11212025LIILennox InternationalDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
5.9%5.9%0.0%
ADP_11212025_Monopoly_xInd_xCD_Getting_Cheaper11212025ADPAutomatic Data ProcessingMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
4.2%4.2%-1.2%
CW_11212025_Quality_Momentum_RoomToRun_10%11212025CWCurtiss-WrightQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run
1.5%1.5%0.0%

Recent Active Movers

Recent Active Movers

More From Trefis

Peer Comparisons for ACCO Brands

Peers to compare with:

Financials

ACCOMMMNWLHPQHNICRSRMedian
NameACCO Bra.3M Newell B.HP HNI Corsair . 
Mkt Price3.79162.353.8324.4542.566.1415.29
Mkt Cap0.386.71.625.61.90.71.8
Rev LTM1,54424,8257,25655,2952,5931,4494,925
Op Inc LTM1115,0824473,624224-19335
FCF LTM711,588-202,80019056130
FCF 3Y Avg1182,3933382,97817940258
CFO LTM912,5412533,69725068252
CFO 3Y Avg1343,7156083,67224753427

Growth & Margins

ACCOMMMNWLHPQHNICRSRMedian
NameACCO Bra.3M Newell B.HP HNI Corsair . 
Rev Chg LTM-9.5%1.1%-5.9%3.2%1.2%9.8%1.1%
Rev Chg 3Y Avg-8.5%-10.3%-10.0%-3.9%2.8%-0.6%-6.2%
Rev Chg Q-8.8%3.5%-7.2%4.2%1.7%13.7%2.6%
QoQ Delta Rev Chg LTM-2.4%0.9%-1.9%1.1%0.4%3.0%0.7%
Op Mgn LTM7.2%20.5%6.2%6.6%8.6%-1.3%6.9%
Op Mgn 3Y Avg8.0%1.1%5.3%7.4%7.2%-1.3%6.3%
QoQ Delta Op Mgn LTM-0.2%1.0%-0.1%-0.2%-0.2%1.1%-0.1%
CFO/Rev LTM5.9%10.2%3.5%6.7%9.6%4.7%6.3%
CFO/Rev 3Y Avg7.8%13.8%7.6%6.8%9.9%3.7%7.7%
FCF/Rev LTM4.6%6.4%-0.3%5.1%7.3%3.9%4.8%
FCF/Rev 3Y Avg6.9%8.8%4.2%5.5%7.1%2.8%6.2%

Valuation

ACCOMMMNWLHPQHNICRSRMedian
NameACCO Bra.3M Newell B.HP HNI Corsair . 
Mkt Cap0.386.71.625.61.90.71.8
P/S0.23.30.30.50.80.70.6
P/EBIT3.716.07.6-10.2-40.07.6
P/E9.024.4-91.410.115.2-23.99.6
P/CFO4.032.78.76.98.614.18.6
Total Yield18.5%5.0%3.0%12.0%8.1%-4.2%6.6%
Dividend Yield7.4%0.9%4.1%2.1%1.5%0.0%1.8%
FCF Yield 3Y Avg24.2%4.7%9.4%-8.4%4.0%8.4%
D/E2.60.22.4-0.20.20.2
Net D/E2.40.12.3-0.20.10.2

Returns

ACCOMMMNWLHPQHNICRSRMedian
NameACCO Bra.3M Newell B.HP HNI Corsair . 
1M Rtn14.0%-1.8%17.1%8.2%11.2%6.3%9.7%
3M Rtn-5.5%5.1%-31.9%-11.3%-4.1%-27.9%-8.4%
6M Rtn16.5%14.9%-27.2%3.3%-7.7%-33.4%-2.2%
12M Rtn-28.5%29.2%-61.4%-24.6%-17.5%-12.9%-21.0%
3Y Rtn-15.8%78.2%-66.5%2.4%71.7%-58.8%-6.7%
1M Excs Rtn13.3%-2.6%16.4%7.4%10.5%5.6%8.9%
3M Excs Rtn-9.1%3.6%-33.9%-13.8%-7.7%-30.8%-11.4%
6M Excs Rtn4.1%2.5%-39.6%-9.1%-20.1%-45.8%-14.6%
12M Excs Rtn-41.5%16.2%-74.2%-37.2%-29.5%-26.6%-33.3%
3Y Excs Rtn-86.9%2.4%-136.2%-73.3%-4.1%-128.6%-80.1%

Financials

Segment Financials

Assets by Segment

$ Mil20242023202220212020
Unallocated assets1,6841,7871,9932,1081,742
ACCO Brands Americas649    
ACCO Brands International308308265272384
Corporate expense44111
ACCO Brands EMEA 236296266258
ACCO Brands North America 459535401403
Total2,6452,7953,0913,0492,789


Price Behavior

Short Interest

Short Interest: As Of Date11282025
Short Interest: Shares Quantity4,333,917
Short Interest: % Change Since 111520250.7%
Average Daily Volume1,008,576
Days-to-Cover Short Interest4.30
Basic Shares Quantity91,700,000
Short % of Basic Shares4.7%

Earnings Returns History

Expand for More

 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
10/30/2025-3.8%-11.0%-8.6%
7/31/2025-8.3%-4.5%9.3%
5/1/2025-4.9%-3.6%-8.2%
2/20/2025-17.4%-15.9%-20.1%
10/31/20247.3%23.9%26.7%
8/1/2024-6.6%-3.2%11.7%
5/2/2024-0.8%3.7%4.0%
2/22/2024-13.1%-13.1%-11.7%
...
SUMMARY STATS   
# Positive7812
# Negative171612
Median Positive7.3%3.7%8.4%
Median Negative-4.9%-5.3%-10.1%
Max Positive15.6%23.9%37.9%
Max Negative-17.4%-15.9%-33.1%

SEC Filings

Expand for More

Report DateFiling DateFiling
93020251031202510-Q 9/30/2025
6302025801202510-Q 6/30/2025
3312025502202510-Q 3/31/2025
12312024221202510-K 12/31/2024
93020241101202410-Q 9/30/2024
6302024802202410-Q 6/30/2024
3312024503202410-Q 3/31/2024
12312023223202410-K 12/31/2023
93020231103202310-Q 9/30/2023
6302023809202310-Q 6/30/2023
3312023505202310-Q 3/31/2023
12312022224202310-K 12/31/2022
93020221108202210-Q 9/30/2022
6302022809202210-Q 6/30/2022
3312022427202210-Q 3/31/2022
12312021223202210-K 12/31/2021

Insider Activity

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 OwnerTitleFiling DateActionPriceSharesTransacted
Value
Value of
Held Shares
Form
0Tedford Thomas WPresident & CEO5072025Buy3.435,71519,6201,679,860Form