Avery Dennison Corp (AVY) closed fiscal year 2025 with a gross margin of 28.8 % and a net margin of 7.8 %.
Avery Dennison Corp (AVY) closed fiscal year 2025 with a gross margin of 28.8 % and a net margin of 7.8 %. The same year shows an EBITDA margin of 15.7 % and an EBIT margin of 12.0 %. The free cash flow margin was 8.0 %. Against the previous year the gross margin moved −0.1 pp and the net margin −0.3 pp. Across the period the gross margin ranges between 24.2 % in 2009 and 28.9 % in 2024. The series covers 18 fiscal years, from 2008 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | 25.74 % | 24.23 % | 26.18 % | 25.24 % | 26.06 % | 26.67 % | 26.08 % | 27.58 % | 27.93 % | 27.40 % | 26.76 % | 26.93 % | 27.59 % | 27.51 % | 26.60 % | 27.23 % | 28.90 % | 28.75 % |
| EBITDA margin (%) | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 15.20 % | 13.30 % | 15.79 % | 15.68 % |
| EBIT margin (%) | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 11.99 % | 9.73 % | 12.23 % | 11.98 % |
| Net margin (%) | 3.97 % | -14.40 % | 5.48 % | 3.25 % | 3.67 % | 3.47 % | 3.87 % | 4.60 % | 5.27 % | 4.26 % | 6.53 % | 4.29 % | 7.97 % | 8.80 % | 8.38 % | 6.01 % | 8.05 % | 7.77 % |
| FCF margin (%) | 6.28 % | 9.63 % | 6.97 % | 5.36 % | 7.06 % | 3.10 % | 3.27 % | 5.66 % | 6.66 % | 6.88 % | 3.23 % | 7.46 % | 7.89 % | 9.42 % | 7.55 % | 6.70 % | 8.34 % | 8.04 % |
