ACCO Brands (ACCO)
Market Price (12/17/2025): $3.79 | Market Cap: $347.5 MilSector: Industrials | Industry: Office Services & Supplies
ACCO Brands (ACCO)
Market Price (12/17/2025): $3.79Market Cap: $347.5 MilSector: IndustrialsIndustry: 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
| Attractive yieldTotal 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 returns2Y Excs Rtn is -66%, 3Y Excs Rtn is -87% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 240% |
| Low stock price volatilityVol 12M is 41% | Weak revenue growthRev 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% | |
| Megatrend and thematic driversMegatrends include E-commerce & DTC Adoption, and Sustainable Consumption. Themes include Direct-to-Consumer Brands (Staples), and Eco-friendly Products. | Key risksACCO key risks include [1] a reliance on a limited number of large customers and [2] foreign currency exchange rate fluctuations. |
| Attractive yieldTotal 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% |
| Low stock price volatilityVol 12M is 41% |
| Megatrend and thematic driversMegatrends include E-commerce & DTC Adoption, and Sustainable Consumption. Themes include Direct-to-Consumer Brands (Staples), and Eco-friendly Products. |
| Weak multi-year price returns2Y Excs Rtn is -66%, 3Y Excs Rtn is -87% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 240% |
| Weak revenue growthRev 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% |
| Key risksACCO 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.
Stock Movement Drivers
Return vs. Risk
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ACCO Return | -6% | 1% | -29% | 15% | -9% | -22% | -45% |
| Peers Return | � | 11% | -32% | 8% | 10% | -15% | � |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 14% | 108% |
Monthly Win Rates [3] | |||||||
| ACCO Win Rate | 42% | 58% | 42% | 58% | 42% | 33% | |
| Peers Win Rate | 52% | 53% | 43% | 57% | 43% | 43% | |
| S&P 500 Win Rate | 58% | 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
| Event | ACCO | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -55.6% | -25.4% |
| % Gain to Breakeven | 125.3% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -62.3% | -33.9% |
| % Gain to Breakeven | 165.0% | 51.3% |
| Time to Breakeven | Not Fully Recovered days | 148 days |
| 2018 Correction | ||
| % Loss | -57.1% | -19.8% |
| % Gain to Breakeven | 133.3% | 24.7% |
| Time to Breakeven | Not Fully Recovered days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -97.5% | -56.8% |
| % Gain to Breakeven | 3850.7% | 131.3% |
| Time to Breakeven | Not Fully Recovered days | 1480 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
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Asset Allocation
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Latest Trefis Analyses
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select past ideas related to ACCO. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | CNM | Core & Main | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 19.8% | 19.8% | -1.6% |
| 11212025 | VRRM | Verra Mobility | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 2.2% | 2.2% | -1.2% |
| 11212025 | LII | Lennox International | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 5.9% | 5.9% | 0.0% |
| 11212025 | ADP | Automatic Data Processing | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 4.2% | 4.2% | -1.2% |
| 11212025 | CW | Curtiss-Wright | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 1.5% | 1.5% | 0.0% |
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | CNM | Core & Main | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 19.8% | 19.8% | -1.6% |
| 11212025 | VRRM | Verra Mobility | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 2.2% | 2.2% | -1.2% |
| 11212025 | LII | Lennox International | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 5.9% | 5.9% | 0.0% |
| 11212025 | ADP | Automatic Data Processing | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 4.2% | 4.2% | -1.2% |
| 11212025 | CW | Curtiss-Wright | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 1.5% | 1.5% | 0.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for ACCO Brands
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 15.29 |
| Mkt Cap | 1.8 |
| Rev LTM | 4,925 |
| Op Inc LTM | 335 |
| FCF LTM | 130 |
| FCF 3Y Avg | 258 |
| CFO LTM | 252 |
| CFO 3Y Avg | 427 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 1.1% |
| Rev Chg 3Y Avg | -6.2% |
| Rev Chg Q | 2.6% |
| QoQ Delta Rev Chg LTM | 0.7% |
| Op Mgn LTM | 6.9% |
| Op Mgn 3Y Avg | 6.3% |
| QoQ Delta Op Mgn LTM | -0.1% |
| CFO/Rev LTM | 6.3% |
| CFO/Rev 3Y Avg | 7.7% |
| FCF/Rev LTM | 4.8% |
| FCF/Rev 3Y Avg | 6.2% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 1.8 |
| P/S | 0.6 |
| P/EBIT | 7.6 |
| P/E | 9.6 |
| P/CFO | 8.6 |
| Total Yield | 6.6% |
| Dividend Yield | 1.8% |
| FCF Yield 3Y Avg | 8.4% |
| D/E | 0.2 |
| Net D/E | 0.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 9.7% |
| 3M Rtn | -8.4% |
| 6M Rtn | -2.2% |
| 12M Rtn | -21.0% |
| 3Y Rtn | -6.7% |
| 1M Excs Rtn | 8.9% |
| 3M Excs Rtn | -11.4% |
| 6M Excs Rtn | -14.6% |
| 12M Excs Rtn | -33.3% |
| 3Y Excs Rtn | -80.1% |
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D 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% |
| 10/31/2024 | 7.3% | 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 | |||
| # Positive | 7 | 8 | 12 |
| # Negative | 17 | 16 | 12 |
| Median Positive | 7.3% | 3.7% | 8.4% |
| Median Negative | -4.9% | -5.3% | -10.1% |
| Max Positive | 15.6% | 23.9% | 37.9% |
| Max Negative | -17.4% | -15.9% | -33.1% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 10312025 | 10-Q 9/30/2025 |
| 6302025 | 8012025 | 10-Q 6/30/2025 |
| 3312025 | 5022025 | 10-Q 3/31/2025 |
| 12312024 | 2212025 | 10-K 12/31/2024 |
| 9302024 | 11012024 | 10-Q 9/30/2024 |
| 6302024 | 8022024 | 10-Q 6/30/2024 |
| 3312024 | 5032024 | 10-Q 3/31/2024 |
| 12312023 | 2232024 | 10-K 12/31/2023 |
| 9302023 | 11032023 | 10-Q 9/30/2023 |
| 6302023 | 8092023 | 10-Q 6/30/2023 |
| 3312023 | 5052023 | 10-Q 3/31/2023 |
| 12312022 | 2242023 | 10-K 12/31/2022 |
| 9302022 | 11082022 | 10-Q 9/30/2022 |
| 6302022 | 8092022 | 10-Q 6/30/2022 |
| 3312022 | 4272022 | 10-Q 3/31/2022 |
| 12312021 | 2232022 | 10-K 12/31/2021 |
Insider Activity
Expand for More| Owner | Title | Filing Date | Action | Price | Shares | TransactedValue | Value ofHeld Shares | Form | |
|---|---|---|---|---|---|---|---|---|---|
| 0 | Tedford Thomas W | President & CEO | 5072025 | Buy | 3.43 | 5,715 | 19,620 | 1,679,860 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |