--- title: "Avery Dennison: Metrics Guide" description: "Avery Dennison revenue, margins, cash flow and balance sheet figures by fiscal year, taken from its SEC filings, with the ratios computed and explained." canonical: https://www.getswoopr.com/stocks/companies/avery-dennison/metrics/ source: "Swoopr Investment: https://www.getswoopr.com" --- # Avery Dennison: Financial & Operating Metrics Guide ## Direct Answer Avery Dennison reported revenue of $8.9 billion for the fiscal year ended December 31, 2025, net income of $688 million, according to its SEC filings. Revenue grew 1.1% from the prior year. ## What Are Avery Dennison's Key Financial Figures? | Fiscal year | FY2025ended December 31, 2025 | FY2024ended December 28, 2024 | FY2023ended December 30, 2023 | FY2022ended December 31, 2022 | | --- | --- | --- | --- | --- | | Revenue | $8.9 billion | $8.8 billion | $8.4 billion | $9.0 billion | | Operating income | Not reported | Not reported | Not reported | Not reported | | Operating margin | n/a | n/a | n/a | n/a | | Net income | $688 million | $705 million | $503 million | $757 million | | Net margin | 7.8% | 8.1% | 6.0% | 8.4% | | Operating cash flow | $881 million | $939 million | $826 million | $961 million | | Capital expenditures | $169 million | $209 million | $265 million | $278 million | | Free cash flow | $712 million | $730 million | $561 million | $683 million | Free cash flow (operating cash flow minus capital expenditures) was $712 million against net income of $688 million; cash generation covered reported earnings. ![Bar chart of Avery Dennison revenue, net income for fiscal 2022 to 2025. In fiscal 2025, revenue was $8.9 billion and net income $688 million.](https://www.getswoopr.com/images/charts/avery-dennison-metrics-revenue-profit.webp) *Avery Dennison revenue, operating income and net income by fiscal year, from the figures in the table above. Select the chart to open it full size.* ![Line chart of Avery Dennison net margin for fiscal 2022 to 2025. In fiscal 2025, net margin was 7.8%.](https://www.getswoopr.com/images/charts/avery-dennison-metrics-margins.webp) *Avery Dennison operating margin and net margin by fiscal year: operating income and net income as a share of revenue. Select the chart to open it full size.* ![Bar chart of Avery Dennison operating cash flow, capital expenditures, free cash flow for fiscal 2022 to 2025. In fiscal 2025, operating cash flow was $881 million, capital expenditures was $169 million, free cash flow was $712 million.](https://www.getswoopr.com/images/charts/avery-dennison-metrics-cash-flow.webp) *Avery Dennison operating cash flow, capital expenditures and free cash flow by fiscal year. Select the chart to open it full size.* ## What Does Avery Dennison's Balance Sheet Show? | Cash and cash equivalents | $203 million | | --- | --- | | Long-term debt | $3.2 billion | | Total assets | $8.8 billion | | Total liabilities | Not reported | | Shareholders' equity | $2.2 billion | | Current ratio | 1.1x | Balance sheet values are as of the end of fiscal 2025. Income statement figures describe a whole year; balance sheet figures describe a single day, so the two answer different questions. ## Where These Numbers Come From Every figure on this page is a value Avery Dennison reported in its own SEC filings, read from the SEC's XBRL data (accession 0000008818-26-000015 for fiscal year 2025). Ratios are computed from those reported values. Figures were retrieved on October 7, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary. Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation. ## Frequently Asked Questions ### What was Avery Dennison's revenue in fiscal 2025? Avery Dennison reported revenue of $8.9 billion for the fiscal year ended December 31, 2025, according to its SEC filings. ### What is Avery Dennison's operating margin? Avery Dennison did not report operating income under the standard tag for fiscal 2025, so Swoopr does not compute an operating margin; the income statement in its 10-K shows how it presents profit. ### How much free cash flow did Avery Dennison generate? Operating cash flow of $881 million less capital expenditures of $169 million gives free cash flow of $712 million for fiscal 2025. ## References - [SEC EDGAR: Avery Dennison Corp Form 10-K filed February 25, 2026](https://www.sec.gov/Archives/edgar/data/8818/000000881826000015/avy-20251231.htm) - [SEC EDGAR: Avery Dennison Corp annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=8818&type=10-K) - [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces) ## Related Pages - [Avery Dennison company dossier](https://www.getswoopr.com/stocks/companies/avery-dennison/) - [Avery Dennison financial metrics](https://www.getswoopr.com/stocks/companies/avery-dennison/metrics/) - [Avery Dennison financial risk indicators](https://www.getswoopr.com/stocks/companies/avery-dennison/risks/) - [Avery Dennison peer comparison](https://www.getswoopr.com/stocks/companies/avery-dennison/competitors/) - [Avery Dennison business model and revenue mix](https://www.getswoopr.com/stocks/companies/avery-dennison/business-model/) - [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/) **[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)** Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. 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