Direct Answer
Avery Dennison reports revenue across 2 business segments in its fiscal 2025 Form 10-K. Materials Group is the largest, with $6.1 billion of revenue (69% of the total), followed by Solutions Group at $2.8 billion (31%).
How Does Avery Dennison Make Money?
Materials Group supplies 69% of revenue, so Avery Dennison's results move mostly with that one business; the others matter more for diversification than for the headline number. Between fiscal 2024 and 2025, Materials Group grew fastest (+1.3%) and Solutions Group slowest (+0.7%), so the revenue mix tilts toward Materials Group while that gap lasts.
| Segment | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
|---|---|---|---|---|
| Materials Group | $6.1 billion | $6.0 billion | 68.8% | 1.3% |
| Solutions Group | $2.8 billion | $2.7 billion | 31.2% | 0.7% |
What the Segment Figures Do Not Show
The rows above add up to 100% of Avery Dennison's reported revenue for fiscal 2025; the difference is intersegment eliminations, corporate revenue or items the company reports outside its segments. Segment definitions are management's choice and change when a company reorganizes, in which case it restates prior years in the next filing, so a multi-year comparison should use the figures from a single filing. Revenue shows where sales come from, not where profit or cash is earned: a small segment can carry most of the margin.
Where These Numbers Come From
Every figure on this page is a value Avery Dennison reported in the segment note and revenue disclosures of its Form 10-K filed February 25, 2026 (accession 0000008818-26-000015), read from the SEC's Financial Statement Data Sets. The prior-year column is the comparative figure from that same filing, so it reflects any restatement for a change in segments. Category names are the company's own XBRL labels, lightly reformatted for reading.
Rows that only total other rows (for example a "Products" line beside the individual products) are left out so nothing is counted twice. This page is educational and describes reported history for fiscal 2025; it is not a forecast or a recommendation.
Frequently Asked Questions
What are Avery Dennison's business segments?
In its fiscal 2025 Form 10-K, Avery Dennison reports revenue for Materials Group and Solutions Group.
Which part of Avery Dennison brings in the most revenue?
Materials Group, with $6.1 billion of revenue in fiscal 2025, or 69% of the total.
Where does Avery Dennison report its segment results?
In the segment note to the financial statements in its Form 10-K, most recently filed February 25, 2026, alongside management's discussion of each segment's results.