AVERY DENNISON CORP
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.
CAPITALIZATION 12/31/25
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | 3,199 | 58.8 |
| Stockholders' equity | 2,242 | 41.2 |
| Total capitalization | 5,441 | 100.0 |
75,788,142 shares outstanding at 1 August 2026 (cover page of the 10-Q filed 4 August 2026).
LONG-TERM DEBT 12/31/25
| ($ millions) | Amount |
|---|---|
| Long-term debt, incl. current maturities | 3,199 |
| Long-term debt, noncurrent | 3,210 |
| Current maturities | 0 |
CAPITAL STOCK 12/31/25
| Common shares authorized | 400,000,000 |
| Common shares issued | 124,126,624 |
| Treasury shares | 47,249,137 |
| Par or stated value per share ($) | 1 |
| Outstanding at 8/1/26 | 75,788,142 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2025 | 3.70 | 42.1 |
| 2024 | 3.45 | 39.5 |
| 2023 | 3.18 | 51.3 |
| 2022 | 2.93 | 31.8 |
| 2022 | 2.66 | 30.1 |
HISTORY AND BUSINESS
HISTORY: Incorporated in Delaware. Formerly known as AVERY DENNISON CORPORATION (to 17 March 2011).
BUSINESS: Classified by the SEC under Standard Industrial Classification 2670, Converted Paper & Paperboard Prods (No Contaners/Boxes). Large accelerated filer. Principal executive office: 8080 Norton Parkway, Mentor, OH 44060. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 12/31/25 | 12/28/24 | 12/30/23 |
|---|---|---|---|
| Revenues | 8,856 | 8,756 | 8,364 |
| Cost of revenues | 6,309 | 6,225 | 6,087 |
| Gross profit | 2,546 | 2,531 | 2,278 |
| Research and development | 137 | 138 | 136 |
| Selling, general and administrative | 1,422 | 1,415 | 1,314 |
| Depreciation and amortization | 328 | 312 | 298 |
| Interest expense | 135 | 117 | 119 |
| Income before income taxes | 925 | 954 | 695 |
| Income taxes | 237 | 249 | 192 |
| Net income | 688 | 705 | 503 |
| Earned per share, diluted ($) | 8.79 | 8.73 | 6.20 |
| Dividends per share ($) | 3.70 | 3.45 | 3.18 |
CONSOLIDATED BALANCE SHEET
| ($ millions) | 12/31/25 | 12/28/24 |
|---|---|---|
| Cash and equivalents | 203 | 329 |
| Receivables, net | 1,504 | 1,466 |
| Inventories | 976 | 978 |
| Total current assets | 2,990 | 3,079 |
| Property, plant and equipment, net | 1,608 | 1,587 |
| Goodwill | 2,272 | 1,976 |
| Total assets | 8,802 | 8,404 |
| Total current liabilities | 2,654 | 2,863 |
| Long-term debt | 3,210 | 2,560 |
| Stockholders' equity | 2,242 | 2,312 |
| Total liabilities and equity | 8,802 | 8,404 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Capital expend. | Free cash flow | Total assets | Total liabilities | Total debt | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12/31/25 | 8,856 | – | 688 | 7.8 | 8.79 | 3.70 | 881 | 169 | 712 | 8,802 | 6,560d | 3,199 | 2,242 | 30.7 | 1.43 |
| 12/28/24 | 8,756 | – | 705 | 8.1 | 8.73 | 3.45 | 939 | 209 | 730 | 8,404 | 6,092d | 2,551 | 2,312 | 30.5 | 1.10 |
| 12/30/23 | 8,364 | – | 503 | 6.0 | 6.20 | 3.18 | 826 | 265 | 561 | 8,210 | 6,082d | 2,615 | 2,128 | 23.6 | 1.23 |
| 12/31/22 | 9,039 | – | 757 | 8.4 | 9.21 | 2.93 | 961 | 278 | 683 | 7,950 | 5,918d | 2,495 | 2,032 | 37.3 | 1.23 |
| 1/1/22 | 8,408 | – | 740 | 8.8 | 8.83 | 2.66 | 1,047 | 255 | 792 | 7,972 | 6,047d | 2,774 | 1,924 | 38.5 | 1.44 |
| 1/2/21 | 6,972 | – | 556 | 8.0 | 6.61 | 2.36 | 751 | 201 | 550 | 6,084 | 4,599d | 2,029 | 1,485 | 37.4 | 1.37 |
| 12/28/19 | 7,070 | – | 304 | 4.3 | 3.57 | 2.26 | 746 | 219 | 527 | 5,489 | 4,285d | 1,475 | 1,204 | 25.2 | 1.23 |
| 12/29/18 | 7,159 | – | 467 | 6.5 | 5.28 | 2.01 | 458 | 227 | 231 | 5,178 | 4,222d | 1,751 | 955 | 48.9 | 1.83 |
| 12/30/17 | 6,614 | – | 282 | 4.3 | 3.13 | 1.76 | 646 | 190 | 455 | 5,137 | 4,104d | 1,322 | 1,032 | 27.3 | 1.28 |
| 12/31/16 | 6,086 | – | 321 | 5.3 | 3.54 | 1.60 | 582 | 177 | 405 | 4,396 | 3,471d | 963 | 926 | 34.7 | 1.04 |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
Avery Dennison Corp
CIK 8818 · EIN 95-1492269
PRINCIPAL OFFICE:
8080 Norton Parkway, Mentor, OH 44060
Tel.: 440-534-6000
INCORPORATED:
Delaware
INDUSTRY (SEC SIC CODE):
2670 · Converted Paper & Paperboard Prods (No Contaners/Boxes)
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 12/31/25, filed 25 February 2026
FORMER NAMES:
AVERY DENNISON CORPORATION
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/25/26) · 10-K FY2024 (filed 2/26/25) · 10-K FY2023 (filed 2/21/24) · 10-K FY2022 (filed 2/22/23) · 10-K FY2021 (filed 2/23/22) · 10-K FY2020 (filed 2/25/21) · 10-K FY2019 (filed 2/26/20) · 10-K FY2018 (filed 2/27/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.