Avery Dennison (AVY)
Market Price (12/23/2025): $181.01 | Market Cap: $14.1 BilSector: Materials | Industry: Paper & Plastic Packaging Products & Materials
Avery Dennison (AVY)
Market Price (12/23/2025): $181.01Market Cap: $14.1 BilSector: MaterialsIndustry: Paper & Plastic Packaging Products & Materials
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.0%, Dividend Yield is 2.0% | Weak multi-year price returns2Y Excs Rtn is -51%, 3Y Excs Rtn is -71% | Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.4% |
| Low stock price volatilityVol 12M is 25% | Key risksAVY key risks include [1] high dependency on volatile raw material costs and [2] underwhelming organic revenue growth in its core materials business due to competitive and deflationary pressures. | |
| Megatrend and thematic driversMegatrends include Circular Economy & Recycling, E-commerce & DTC Adoption, and Automation & Robotics. Themes include Sustainable Packaging Materials, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.0%, Dividend Yield is 2.0% |
| Low stock price volatilityVol 12M is 25% |
| Megatrend and thematic driversMegatrends include Circular Economy & Recycling, E-commerce & DTC Adoption, and Automation & Robotics. Themes include Sustainable Packaging Materials, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -51%, 3Y Excs Rtn is -71% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.4% |
| Key risksAVY key risks include [1] high dependency on volatile raw material costs and [2] underwhelming organic revenue growth in its core materials business due to competitive and deflationary pressures. |
Why The Stock Moved
Qualitative Assessment
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Here are the key points explaining the movement in Avery Dennison (AVY) stock from late August to late December 2025, specifically around a significant upward movement in October 2025:1. Strong Third Quarter 2025 Earnings Performance: Avery Dennison reported adjusted earnings per share (EPS) of $2.37 for the third quarter of 2025, which surpassed analysts' consensus estimates of $2.32. The company also delivered net sales of $2.22 billion, meeting or slightly exceeding analyst revenue expectations and representing a 1.5% increase year-over-year.
2. Major Strategic Partnership with Walmart: A significant announcement on October 22, 2025, revealed a partnership with Walmart to integrate Avery Dennison's RFID innovation and solutions into Walmart's fresh grocery categories, including bakery, meat, and deli. This collaboration was highlighted as a "key industry milestone" and is expected to boost operational efficiency and reinforce confidence in the growth potential of Intelligent Labels in the food sector.
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Stock Movement Drivers
Fundamental Drivers
The 11.5% change in AVY stock from 9/22/2025 to 12/22/2025 was primarily driven by a 13.6% change in the company's P/E Multiple.| 9222025 | 12222025 | Change | |
|---|---|---|---|
| Stock Price ($) | 162.31 | 181.03 | 11.53% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 8737.90 | 8770.00 | 0.37% |
| Net Income Margin (%) | 8.14% | 7.93% | -2.52% |
| P/E Multiple | 17.85 | 20.27 | 13.57% |
| Shares Outstanding (Mil) | 78.20 | 77.90 | 0.38% |
| Cumulative Contribution | 11.53% |
Market Drivers
9/22/2025 to 12/22/2025| Return | Correlation | |
|---|---|---|
| AVY | 11.5% | |
| Market (SPY) | 2.7% | 8.9% |
| Sector (XLB) | 1.1% | 44.4% |
Fundamental Drivers
The 2.0% change in AVY stock from 6/23/2025 to 12/22/2025 was primarily driven by a 1.6% change in the company's Shares Outstanding (Mil).| 6232025 | 12222025 | Change | |
|---|---|---|---|
| Stock Price ($) | 177.41 | 181.03 | 2.04% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 8752.70 | 8770.00 | 0.20% |
| Net Income Margin (%) | 7.98% | 7.93% | -0.65% |
| P/E Multiple | 20.11 | 20.27 | 0.83% |
| Shares Outstanding (Mil) | 79.20 | 77.90 | 1.64% |
| Cumulative Contribution | 2.01% |
Market Drivers
6/23/2025 to 12/22/2025| Return | Correlation | |
|---|---|---|
| AVY | 2.0% | |
| Market (SPY) | 14.4% | 14.7% |
| Sector (XLB) | 5.6% | 57.2% |
Fundamental Drivers
The -1.7% change in AVY stock from 12/22/2024 to 12/22/2025 was primarily driven by a -7.8% change in the company's P/E Multiple.| 12222024 | 12222025 | Change | |
|---|---|---|---|
| Stock Price ($) | 184.19 | 181.03 | -1.72% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 8680.50 | 8770.00 | 1.03% |
| Net Income Margin (%) | 7.76% | 7.93% | 2.15% |
| P/E Multiple | 22.00 | 20.27 | -7.84% |
| Shares Outstanding (Mil) | 80.50 | 77.90 | 3.23% |
| Cumulative Contribution | -1.82% |
Market Drivers
12/22/2024 to 12/22/2025| Return | Correlation | |
|---|---|---|
| AVY | -1.7% | |
| Market (SPY) | 16.9% | 43.5% |
| Sector (XLB) | 8.9% | 63.7% |
Fundamental Drivers
The 5.6% change in AVY stock from 12/23/2022 to 12/22/2025 was primarily driven by a 18.9% change in the company's P/E Multiple.| 12232022 | 12222025 | Change | |
|---|---|---|---|
| Stock Price ($) | 171.49 | 181.03 | 5.56% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 9196.60 | 8770.00 | -4.64% |
| Net Income Margin (%) | 8.88% | 7.93% | -10.71% |
| P/E Multiple | 17.05 | 20.27 | 18.93% |
| Shares Outstanding (Mil) | 81.20 | 77.90 | 4.06% |
| Cumulative Contribution | 5.39% |
Market Drivers
12/23/2023 to 12/22/2025| Return | Correlation | |
|---|---|---|
| AVY | -6.8% | |
| Market (SPY) | 47.7% | 45.9% |
| Sector (XLB) | 10.2% | 64.1% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| AVY Return | 21% | 41% | -15% | 14% | -6% | -1% | 53% |
| Peers Return | 17% | 34% | -29% | 1% | 24% | -4% | 34% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 17% | 113% |
Monthly Win Rates [3] | |||||||
| AVY Win Rate | 75% | 67% | 33% | 50% | 33% | 42% | |
| Peers Win Rate | 57% | 67% | 43% | 45% | 55% | 43% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| AVY Max Drawdown | -40% | -4% | -29% | -12% | -6% | -15% | |
| Peers Max Drawdown | -44% | -5% | -39% | -23% | -14% | -27% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: MMM, ZBRA, SEE, IP, FUL. See AVY 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 12/22/2025 (YTD)
How Low Can It Go
| Event | AVY | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -32.6% | -25.4% |
| % Gain to Breakeven | 48.3% | 34.1% |
| Time to Breakeven | 693 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -43.8% | -33.9% |
| % Gain to Breakeven | 77.9% | 51.3% |
| Time to Breakeven | 212 days | 148 days |
| 2018 Correction | ||
| % Loss | -31.7% | -19.8% |
| % Gain to Breakeven | 46.4% | 24.7% |
| Time to Breakeven | 303 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -75.2% | -56.8% |
| % Gain to Breakeven | 303.7% | 131.3% |
| Time to Breakeven | 2,559 days | 1,480 days |
Compare to JNJ, MMM, SEE, PI, IP
In The Past
Avery Dennison's stock fell -32.6% during the 2022 Inflation Shock from a high on 9/2/2021. A -32.6% loss requires a 48.3% gain to breakeven.
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Avery Dennison Corporation manufactures and markets pressure-sensitive materials and products in the United States, Europe, Asia, Latin America, and internationally. The company's Label and Graphic Materials segment offers pressure-sensitive label and packaging materials; and graphics and reflective products under the Fasson, JAC, Avery Dennison, and Mactac brands, as well as durable cast and reflective films. It provides its products to the home and personal care, beer and beverage, durables, pharmaceutical, wine and spirits, and food market segments; architectural, commercial sign, digital printing, and other related market segments; construction, automotive, and fleet transportation market segments, as well as traffic and safety applications; and sign shops, commercial printers, and designers. The company's Retail Branding and Information Solutions segment designs, manufactures, and sells brand embellishments, graphic tickets, tags and labels, and sustainable packaging solutions, as well as offers creative services; radio-frequency identification products; visibility and loss prevention solutions; price ticketing and marking solutions; care, content, and country of origin compliance solutions; and brand protection and security solutions. It serves retailers, brand owners, apparel manufacturers, distributors, and industrial customers. The company's Industrial and Healthcare Materials segment offers tapes; pressure-sensitive adhesive based materials and converted products; medical fasteners; and performance polymers under the Fasson, Avery Dennison, and Yongle brands. It serves automotive, electronics, building and construction, general industrial, personal care, and medical markets. The company was formerly known as Avery International Corporation and changed its name to Avery Dennison Corporation in 1990. Avery Dennison Corporation was founded in 1935 and is headquartered in Glendale, California.
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Think of them as a 3M, but specialized in the adhesive materials for labels, graphic films, and apparel branding.
They are the 'Intel Inside' for product labels, clothing tags, and RFID tracking technology.
Like Corning provides specialized glass for electronics, Avery Dennison provides the specialized materials for product labels, apparel tags, and identification.
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- Pressure-Sensitive Label Materials: Avery Dennison manufactures adhesive-backed films and papers used to create product labels for packaging in various industries like food, beverage, and personal care.
- Graphic Films: The company produces self-adhesive films for vehicle wraps, architectural graphics, promotional displays, and reflective materials for road signs.
- Apparel Branding and Information Solutions: These include woven labels, heat transfers, graphic tags, price tickets, and other embellishments for the apparel and footwear industry.
- RFID and Intelligent Labels: Avery Dennison provides radio-frequency identification (RFID) inlays, tags, and other digital identification technologies for inventory management, supply chain visibility, and brand authentication.
- Industrial and Healthcare Materials: This category encompasses performance tapes, fastening systems, and specialized materials for industrial bonding, assembly, and medical applications like wound care.
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Avery Dennison (AVY) sells primarily to other companies (B2B).
Based on their public filings, Avery Dennison explicitly states that no single customer accounts for 10% or more of its net sales. Therefore, they do not disclose specific major customer companies by name. Instead, their diverse customer base spans various industries globally. Their major customers can be broadly categorized by the types of businesses they serve:
- Label Converters, Printers, and Graphic Applicators: These companies purchase Avery Dennison's pressure-sensitive label materials, graphic films, and specialty materials. They then convert, print, and apply these materials to create finished labels, packaging, and graphic solutions for a vast array of end-use industries, including food and beverage, home and personal care, pharmaceuticals, consumer durables, automotive, and logistics.
- Apparel and Footwear Manufacturers, Brand Owners, and Retailers: These customers utilize Avery Dennison's Retail Branding and Information Solutions (RBIS) for products such as woven and printed labels, heat transfers, graphic embellishments, tickets, tags, and RFID (Radio Frequency Identification) solutions, which are integral to branding, merchandising, and inventory management.
- Original Equipment Manufacturers (OEMs) and Industrial Converters: This category includes companies across various industrial sectors that purchase Avery Dennison's specialty tapes, films, and fasteners for applications in automotive, electronics, building and construction, and healthcare products and devices.
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Here is the management team for Avery Dennison:Deon Stander, President and Chief Executive Officer
Deon Stander was appointed President and Chief Executive Officer of Avery Dennison in September 2023, after serving as Chief Operating Officer since March 2022. He is responsible for the company's global operations. Stander joined Avery Dennison in 2007 as part of the acquisition of Paxar, where he had worked since 2003. Prior to becoming COO, he was vice president and general manager of the Solutions Group (formerly RBIS) from 2015 to 2022, and vice president and general manager, Global Commercial and Innovation, RBIS from 2013 to 2014. He holds an MBA from Lancaster University, UK, and a Bachelor of Commerce in Business from the University of Port Elizabeth.
Danny G. Allouche, Senior Vice President and Interim Chief Financial Officer, Chief Strategy and Corporate Development Officer
Danny G. Allouche was appointed Senior Vice President and Interim Chief Financial Officer on November 15, 2024, following Gregory S. Lovins' medical leave of absence. He has been with Avery Dennison since August 2010 and has held various leadership roles, most recently serving as Senior Vice President and Chief Strategy and Corporate Development Officer since August 2022, a role he continues to hold.
Francisco Melo, President, Intelligent Labels Technologies and Digital Solutions
Francisco Melo is the president of Intelligent Labels Technologies and Digital Solutions at Avery Dennison, a role he was appointed to in October 2025. In this position, he leads the company's intelligent labels initiatives and is responsible for enterprise intelligent labels' financial results, technology, investments, and resources. Melo joined Avery Dennison in 2010 and has held several key leadership roles, including president, Solutions Group, and senior vice president and general manager of Avery Dennison Smartrac. Before joining Avery Dennison, Francisco Melo was the co-founder and CEO of Creativesystems, an RFID systems integrator and software developer company. His earlier career includes international experience in management, consulting, and business development with Synectics Inc. and Altran, as well as market development and product development roles at Royal Philips Electronics. He holds a bachelor's degree in electronic engineering and a master's degree in instrument design and application from the University of Manchester in the United Kingdom. He also serves on the board of several tech start-ups.
Ryan Yost, President, Materials Group
Ryan Yost serves as the President of the Materials Group at Avery Dennison.
Gregory S. Lovins, Senior Vice President and Chief Financial Officer (currently on medical leave)
Gregory S. Lovins was the Senior Vice President and Chief Financial Officer of Avery Dennison Corporation, appointed to this position in July 2017. He commenced a medical leave of absence on November 14, 2024. In his role, he was responsible for the company's overall financial strategy and led the finance function. Lovins joined Avery Dennison in 1994 and has held various leadership roles of increasing responsibility, including vice president and treasurer, and vice president, global finance, Label and Graphic Materials. He earned an MBA from the Weatherhead School of Management at Case Western Reserve University and a bachelor's degree in finance from Miami University.
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Avery Dennison (AVY) faces several key risks to its business operations and financial performance:- Raw Material Cost Volatility and Supply Chain Disruptions: Avery Dennison is highly dependent on key raw materials, particularly petroleum-derived resins for films and adhesives, and paper. The company is susceptible to extreme, unpredictable volatility in commodity markets, which can significantly impact its profitability and margins. Furthermore, managing global supply chain chaos and potential disruptions remains a significant challenge.
- Global Economic Conditions, Geopolitical Uncertainty, and Foreign Currency Fluctuations: With a substantial portion of its net sales generated from international operations (approximately 69-70% in recent years), Avery Dennison is exposed to risks associated with global economic downturns, geopolitical instability, and changes in trade regulations, including tariffs. Fluctuations in foreign currency exchange rates can also materially affect reported sales and profitability.
- Competitive Pressure and Slow Organic Growth: Avery Dennison operates in highly competitive markets, increasing the risk of losing market share to existing or new competitors. The company has experienced underwhelming organic revenue growth, particularly in its core materials business, which has been impacted by deflation-related price reductions and softness in sectors like apparel and retail. This pressure necessitates continuous innovation and competitive product offerings to maintain its market position.
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Accelerating global regulatory and brand-driven initiatives towards packaging reduction, reuse, and enhanced recyclability.
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Avery Dennison (AVY) operates in several key markets, providing a wide range of labeling and functional materials, retail branding and information solutions, and specialty medical products. The addressable markets for their main product categories are as follows:
- Pressure-Sensitive Labels: The global pressure-sensitive labels market was valued at USD 46.04 billion in 2024 and is projected to reach USD 92.23 billion by 2035, growing at a compound annual growth rate (CAGR) of 6.52% from 2025 to 2035. Another estimate places the global pressure-sensitive labels market at USD 98.28 billion in 2024, expected to reach USD 162.41 billion by 2034 with a CAGR of 5.15%. The broader global label market size is estimated at USD 47 billion in 2025 and is forecast to climb to USD 61.5 billion by 2030, with a CAGR of 5.5%. The market for pressure-sensitive tapes and labels combined is estimated to reach USD 45.6 billion in 2025 and is projected to reach USD 72.2 billion by 2035, growing at a CAGR of 4.7%. The laminated labels market, a component of this category, is estimated to be valued at USD 95.08 billion in 2025 and is expected to reach USD 132.99 billion by 2032, with a CAGR of 4.9%.
- Graphic Films: The global graphic film market size was estimated at USD 32,205.8 million (USD 32.21 billion) in 2024 and is expected to grow at a CAGR of 6.7% from 2025 to 2030. Other reports indicate the global graphic film market was valued at USD 27.60 billion in 2023 and is expected to reach USD 40.70 billion by 2032, with a CAGR of 4.4%. Another projection for the global graphic film market size is USD 31.16 billion in 2024, expected to reach USD 73.50 billion by 2032 at a CAGR of 11.32%.
- Apparel Branding and Solutions (including RFID for retail): The global clothing label market, encompassing products like woven labels, printed labels, and hangtags, is a dynamic sector. A market size of USD 5 billion for 2025 has been assumed based on typical market sizes for similar industries. More specifically, the global Fashion and Apparels Print Label Market size was valued at USD 3,341.08 million (USD 3.34 billion) in 2024 and is projected to reach USD 4,289.25 million (USD 4.29 billion) by 2032, growing at a CAGR of 3.63% from 2026 to 2032. Another source estimates the Fashion and Apparels Print Label market to grow at a CAGR of 3.96% to reach USD 3,160.78 million (USD 3.16 billion) in 2028.
- Specialty Medical Products / Industrial and Healthcare Materials: null
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Expected Drivers of Future Revenue Growth for Avery Dennison (AVY)
Over the next 2-3 years, Avery Dennison (AVY) anticipates several key drivers to fuel its revenue growth:
- Expansion of Intelligent Labels (RFID Solutions): Avery Dennison projects accelerating growth in its high-value categories, particularly Intelligent Labels (RFID solutions), targeting a 10-15% growth rate in this segment for 2025. This growth is driven by increasing demand for enhanced supply chain visibility, improved efficiency, and sustainability across various sectors, including retail, logistics, food safety, and healthcare. Strategic partnerships, such as the collaboration with Walmart for RFID deployment in fresh food segments, are instrumental in this expansion. Furthermore, the introduction of innovative products like IML (In-Mold Labeling) intelligent labels in July 2025 is expected to contribute to growth by offering durable RFID performance and supporting circularity in plastic items.
- Growth in High-Value Categories and Differentiated Products: Beyond core RFID, Avery Dennison is focusing on a broader range of high-value categories, which constituted nearly half of its portfolio in 2024. This includes growth in specialized durable labels, adhesives, and embellishments, with the latter seeing significant gains partly due to major events like the upcoming World Cup. The company is also observing continued growth in its differentiated films volumes, which positively impacts its product mix.
- Sustainability-Driven Innovations and Circular Economy Initiatives: Sustainability is a core strategic pillar, with Avery Dennison aiming for 70% of its revenues to come from sustainability-driven products by 2025, and 100% of its core product categories to meet its Sustainable ADvantage™ standard by 2030. Innovations such as AD CleanFlake technology, which facilitates rigid plastic recycling, and the introduction of new label materials with higher post-consumer waste (PCW) content, are meeting growing consumer and regulatory demands for eco-friendly packaging. The company's efforts to enable packaging circularity through pressure-sensitive labels also align with global consumer packaged goods (CPG) brands' goals for 100% recyclable packaging by 2030.
- International Market Expansion and Penetration of Emerging Markets: Avery Dennison's extensive global presence, with approximately 70% of its 2024 net sales from international operations and about 40% from emerging markets, positions it for continued expansion. While some established markets may face headwinds from trade policy uncertainties, the company is actively capitalizing on growth opportunities in regions like Asia-Pacific and Latin America, which are contributing to its overall revenue.
- Strategic Acquisitions and Digital Transformation: Strategic acquisitions, such as Taylor Adhesives, are anticipated to contribute to reported sales growth in the near term, with an expected impact on Q4 2025 earnings. Furthermore, the company's ongoing digital transformation initiatives, incorporating technologies like Artificial Intelligence (AI), the Internet of Things (IoT), and cloud-based platforms such as atma.io, are crucial for meeting evolving customer needs, enhancing supply chain efficiency, and driving innovation across its product and service offerings.
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Share Repurchases
- In April 2025, Avery Dennison's Board authorized a new stock repurchase program for up to $750 million.
- The company returned approximately $454 million to shareholders through stock repurchases year-to-date in 2025 (as of October 22, 2025).
- In 2022, the company repurchased 2.2 million shares at an aggregate cost of $380 million.
Outbound Investments
- In August 2025, Avery Dennison acquired the flooring adhesives business of Meridian Adhesives Group for $390 million.
- The company made a Series B funding investment in Addionics, a manufacturer of 3D Current Collectors, in April 2025 to support scaling their production process.
- In 2023, Avery Dennison completed multiple strategic acquisitions, including Silver Crystal Group, with an aggregate purchase consideration of approximately $231 million.
Capital Expenditures
- Capital expenditures for the last 12 months (as of October 2025) amounted to -$171.40 million.
- Avery Dennison committed over €60 million (announced May 2022) for capacity expansion and manufacturing efficiency in Europe, including a €45 million expansion in Champ-sur-Drac, France, and a €15 million project in Luxembourg.
- The company's investment in research and development, estimated at around $180 million in 2024, focuses on innovation in material science, digital ID technologies, and sustainable solutions.
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| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | DD | DuPont de Nemours | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 7.6% | 7.6% | -0.2% |
| 11212025 | CF | CF Industries | 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 | 0.2% | 0.2% | -3.1% |
| 11212025 | HL | Hecla Mining | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 47.0% | 47.0% | 0.0% |
| 11072025 | CDE | Coeur Mining | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 24.2% | 24.2% | -5.7% |
| 10312025 | ATR | AptarGroup | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 4.6% | 4.6% | -2.5% |
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Peer Comparisons for Avery Dennison
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 110.19 |
| Mkt Cap | 13.4 |
| Rev LTM | 7,051 |
| Op Inc LTM | 807 |
| FCF LTM | 519 |
| FCF 3Y Avg | 514 |
| CFO LTM | 861 |
| CFO 3Y Avg | 748 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 1.0% |
| Rev Chg 3Y Avg | -2.0% |
| Rev Chg Q | 2.5% |
| QoQ Delta Rev Chg LTM | 0.6% |
| Op Mgn LTM | 14.0% |
| Op Mgn 3Y Avg | 11.3% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 10.0% |
| CFO/Rev 3Y Avg | 10.9% |
| FCF/Rev LTM | 6.8% |
| FCF/Rev 3Y Avg | 7.4% |
Segment Financials
Revenue by Segment| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Materials Group | 5,968 | 6,632 | 6,206 | ||
| Solutions Group | 2,588 | 2,582 | 2,202 | ||
| Intersegment sales | -193 | -174 | |||
| Industrial and Healthcare Materials | 626 | 674 | |||
| Label and Graphic Materials | 4,715 | 4,746 | |||
| Retail Branding and Information Solutions | 1,631 | 1,650 | |||
| Total | 8,364 | 9,039 | 8,408 | 6,972 | 7,070 |
Price Behavior
Price Behavior
| Market Price | $181.03 | |
| Market Cap ($ Bil) | 14.1 | |
| First Trading Date | 12/29/1983 | |
| Distance from 52W High | -5.6% | |
| 50 Days | 200 Days | |
| DMA Price | $173.03 | $171.88 |
| DMA Trend | indeterminate | up |
| Distance from DMA | 4.6% | 5.3% |
| 3M | 1YR | |
| Volatility | 28.0% | 25.0% |
| Downside Capture | 5.96 | 61.33 |
| Upside Capture | 58.20 | 50.09 |
| Correlation (SPY) | 8.7% | 43.6% |
AVY Betas & Captures as of 11/30/2025
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.34 | 0.10 | 0.18 | 0.46 | 0.56 | 0.71 |
| Up Beta | -0.12 | -0.11 | 0.15 | 0.52 | 0.70 | 0.80 |
| Down Beta | -1.42 | 0.81 | 0.46 | 0.47 | 0.40 | 0.57 |
| Up Capture | 52% | 12% | 6% | 27% | 29% | 31% |
| Bmk +ve Days | 12 | 25 | 38 | 73 | 141 | 426 |
| Stock +ve Days | 8 | 18 | 27 | 57 | 116 | 384 |
| Down Capture | 82% | -34% | 8% | 60% | 74% | 94% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 11 | 23 | 35 | 68 | 132 | 366 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Comparison of AVY With Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| AVY | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -3.4% | 5.9% | 14.7% | 67.3% | 6.8% | -0.5% | -16.6% |
| Annualized Volatility | 24.9% | 20.2% | 19.7% | 19.3% | 15.2% | 17.6% | 35.4% |
| Sharpe Ratio | -0.19 | 0.17 | 0.57 | 2.54 | 0.23 | -0.18 | -0.25 |
| Correlation With Other Assets | 64.2% | 44.4% | -3.2% | 15.4% | 54.5% | 18.7% | |
ETFs used for asset classes: Sector ETF = XLB, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data
| Comparison of AVY With Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| AVY | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 5.8% | 7.6% | 15.0% | 18.9% | 11.8% | 5.1% | 35.8% |
| Annualized Volatility | 25.0% | 18.9% | 17.1% | 15.5% | 18.7% | 18.9% | 48.9% |
| Sharpe Ratio | 0.22 | 0.30 | 0.71 | 0.98 | 0.51 | 0.18 | 0.63 |
| Correlation With Other Assets | 69.5% | 58.8% | 6.9% | 13.4% | 55.6% | 21.0% | |
ETFs used for asset classes: Sector ETF = XLB, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Comparison of AVY With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| AVY | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 13.2% | 9.9% | 14.9% | 14.9% | 6.7% | 5.5% | 69.9% |
| Annualized Volatility | 27.0% | 20.8% | 18.0% | 14.8% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | 0.49 | 0.43 | 0.71 | 0.84 | 0.30 | 0.23 | 0.90 |
| Correlation With Other Assets | 71.6% | 64.0% | 1.6% | 18.9% | 56.9% | 13.0% | |
ETFs used for asset classes: Sector ETF = XLB, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/22/2025 | 9.5% | 9.6% | 3.0% |
| 7/22/2025 | 1.5% | -2.6% | -2.1% |
| 4/23/2025 | -2.6% | -1.8% | 3.0% |
| 1/30/2025 | -5.4% | -4.3% | -2.6% |
| 10/23/2024 | -2.2% | -2.9% | -6.9% |
| 7/23/2024 | -1.6% | -5.0% | -5.3% |
| 4/24/2024 | 0.5% | 2.8% | 8.5% |
| 1/31/2024 | -0.9% | -1.4% | 7.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 13 | 12 |
| # Negative | 14 | 11 | 12 |
| Median Positive | 4.5% | 4.4% | 8.8% |
| Median Negative | -2.4% | -4.3% | -3.7% |
| Max Positive | 9.5% | 10.9% | 12.8% |
| Max Negative | -7.8% | -10.7% | -16.7% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 10282025 | 10-Q 9/27/2025 |
| 6302025 | 7292025 | 10-Q 6/28/2025 |
| 3312025 | 4292025 | 10-Q 3/29/2025 |
| 12312024 | 2262025 | 10-K 12/28/2024 |
| 9302024 | 10292024 | 10-Q 9/28/2024 |
| 6302024 | 7302024 | 10-Q 6/29/2024 |
| 3312024 | 4302024 | 10-Q 3/30/2024 |
| 12312023 | 2212024 | 10-K 12/30/2023 |
| 9302023 | 10312023 | 10-Q 9/30/2023 |
| 6302023 | 8012023 | 10-Q 7/1/2023 |
| 3312023 | 5022023 | 10-Q 4/1/2023 |
| 12312022 | 2222023 | 10-K 12/31/2022 |
| 9302022 | 11012022 | 10-Q 10/1/2022 |
| 6302022 | 8022022 | 10-Q 7/2/2022 |
| 3312022 | 5032022 | 10-Q 4/2/2022 |
| 12312021 | 2232022 | 10-K 1/1/2022 |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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