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Side-by-side financial comparison of ALLIANCE RESOURCE PARTNERS LP (ARLP) and Avery Dennison (AVY). Click either name above to swap in a different company.
Avery Dennison is the larger business by last-quarter revenue ($2.3B vs $535.5M, roughly 4.2× ALLIANCE RESOURCE PARTNERS LP). ALLIANCE RESOURCE PARTNERS LP runs the higher net margin — 15.4% vs 7.3%, a 8.1% gap on every dollar of revenue. On growth, Avery Dennison posted the faster year-over-year revenue change (3.9% vs -9.2%). Avery Dennison produced more free cash flow last quarter ($309.7M vs $99.1M). Over the past eight quarters, Avery Dennison's revenue compounded faster (2.7% CAGR vs -9.4%).
Alliance Resource Partners LP is a leading North American natural resource enterprise primarily engaged in the production and marketing of coal for utility and industrial customers. It also operates complementary business segments including mineral royalty management, oil and gas extraction, and logistics support services.
Avery Dennison Corporation is an American multinational manufacturer and distributor of pressure-sensitive adhesive materials, apparel branding labels and tags, RFID inlays, and specialty medical products. The company is a member of the Fortune 500 and is headquartered in Mentor, Ohio.
ARLP vs AVY — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $535.5M | $2.3B |
| Net Profit | $82.7M | $166.4M |
| Gross Margin | — | 28.7% |
| Operating Margin | 18.2% | 9.1% |
| Net Margin | 15.4% | 7.3% |
| Revenue YoY | -9.2% | 3.9% |
| Net Profit YoY | 406.2% | -4.4% |
| EPS (diluted) | — | $2.16 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $535.5M | $2.3B | ||
| Q3 25 | $571.4M | $2.2B | ||
| Q2 25 | $547.5M | $2.2B | ||
| Q1 25 | $540.5M | $2.1B | ||
| Q4 24 | $590.1M | $2.2B | ||
| Q3 24 | $613.6M | $2.2B | ||
| Q2 24 | $593.4M | $2.2B | ||
| Q1 24 | $651.7M | $2.2B |
| Q4 25 | $82.7M | $166.4M | ||
| Q3 25 | $95.1M | $166.3M | ||
| Q2 25 | $59.4M | $189.0M | ||
| Q1 25 | $74.0M | $166.3M | ||
| Q4 24 | $16.3M | $174.0M | ||
| Q3 24 | $86.3M | $181.7M | ||
| Q2 24 | $100.2M | $176.8M | ||
| Q1 24 | $158.1M | $172.4M |
| Q4 25 | — | 28.7% | ||
| Q3 25 | — | 28.7% | ||
| Q2 25 | — | 28.8% | ||
| Q1 25 | — | 28.9% | ||
| Q4 24 | — | 27.9% | ||
| Q3 24 | — | 28.7% | ||
| Q2 24 | — | 29.6% | ||
| Q1 24 | — | 29.4% |
| Q4 25 | 18.2% | 9.1% | ||
| Q3 25 | 18.4% | 10.6% | ||
| Q2 25 | 16.2% | 11.5% | ||
| Q1 25 | 17.4% | 10.6% | ||
| Q4 24 | 2.6% | 11.0% | ||
| Q3 24 | 16.5% | 11.0% | ||
| Q2 24 | 19.8% | 10.7% | ||
| Q1 24 | 24.6% | 10.9% |
| Q4 25 | 15.4% | 7.3% | ||
| Q3 25 | 16.6% | 7.5% | ||
| Q2 25 | 10.9% | 8.5% | ||
| Q1 25 | 13.7% | 7.7% | ||
| Q4 24 | 2.8% | 8.0% | ||
| Q3 24 | 14.1% | 8.3% | ||
| Q2 24 | 16.9% | 7.9% | ||
| Q1 24 | 24.3% | 8.0% |
| Q4 25 | — | $2.16 | ||
| Q3 25 | — | $2.13 | ||
| Q2 25 | — | $2.41 | ||
| Q1 25 | — | $2.09 | ||
| Q4 24 | — | $2.17 | ||
| Q3 24 | — | $2.25 | ||
| Q2 24 | — | $2.18 | ||
| Q1 24 | — | $2.13 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $71.2M | $202.8M |
| Total DebtLower is stronger | — | $3.2B |
| Stockholders' EquityBook value | — | $2.2B |
| Total Assets | $2.9B | $8.8B |
| Debt / EquityLower = less leverage | — | 1.43× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $71.2M | $202.8M | ||
| Q3 25 | $94.5M | $536.3M | ||
| Q2 25 | $55.0M | $215.9M | ||
| Q1 25 | $81.3M | $195.9M | ||
| Q4 24 | $137.0M | $329.1M | ||
| Q3 24 | $195.4M | $212.7M | ||
| Q2 24 | $203.7M | $208.8M | ||
| Q1 24 | $134.0M | $185.7M |
| Q4 25 | — | $3.2B | ||
| Q3 25 | — | $3.2B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $2.0B | ||
| Q1 24 | — | $2.1B |
| Q4 25 | — | $2.2B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | — | $2.3B | ||
| Q1 24 | — | $2.2B |
| Q4 25 | $2.9B | $8.8B | ||
| Q3 25 | $2.9B | $8.9B | ||
| Q2 25 | $2.9B | $8.6B | ||
| Q1 25 | $2.9B | $8.4B | ||
| Q4 24 | $2.9B | $8.4B | ||
| Q3 24 | $3.0B | $8.5B | ||
| Q2 24 | $3.1B | $8.3B | ||
| Q1 24 | $3.0B | $8.3B |
| Q4 25 | — | 1.43× | ||
| Q3 25 | — | 1.45× | ||
| Q2 25 | — | 1.19× | ||
| Q1 25 | — | 1.19× | ||
| Q4 24 | — | 1.11× | ||
| Q3 24 | — | 0.85× | ||
| Q2 24 | — | 0.89× | ||
| Q1 24 | — | 0.94× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $143.9M | $376.8M |
| Free Cash FlowOCF − Capex | $99.1M | $309.7M |
| FCF MarginFCF / Revenue | 18.5% | 13.6% |
| Capex IntensityCapex / Revenue | 8.4% | 3.0% |
| Cash ConversionOCF / Net Profit | 1.74× | 2.26× |
| TTM Free Cash FlowTrailing 4 quarters | $387.9M | $712.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $143.9M | $376.8M | ||
| Q3 25 | $209.9M | $312.1M | ||
| Q2 25 | $151.7M | $208.8M | ||
| Q1 25 | $145.7M | $-16.3M | ||
| Q4 24 | $168.4M | $351.2M | ||
| Q3 24 | $209.3M | $270.1M | ||
| Q2 24 | $215.8M | $197.7M | ||
| Q1 24 | $209.7M | $119.8M |
| Q4 25 | $99.1M | $309.7M | ||
| Q3 25 | $145.2M | $276.2M | ||
| Q2 25 | $84.7M | $178.8M | ||
| Q1 25 | $58.9M | $-52.3M | ||
| Q4 24 | $75.3M | $281.7M | ||
| Q3 24 | $99.0M | $227.1M | ||
| Q2 24 | $114.3M | $150.2M | ||
| Q1 24 | $85.8M | $71.0M |
| Q4 25 | 18.5% | 13.6% | ||
| Q3 25 | 25.4% | 12.5% | ||
| Q2 25 | 15.5% | 8.1% | ||
| Q1 25 | 10.9% | -2.4% | ||
| Q4 24 | 12.8% | 12.9% | ||
| Q3 24 | 16.1% | 10.4% | ||
| Q2 24 | 19.3% | 6.7% | ||
| Q1 24 | 13.2% | 3.3% |
| Q4 25 | 8.4% | 3.0% | ||
| Q3 25 | 11.3% | 1.6% | ||
| Q2 25 | 12.2% | 1.4% | ||
| Q1 25 | 16.1% | 1.7% | ||
| Q4 24 | 15.8% | 3.2% | ||
| Q3 24 | 18.0% | 2.0% | ||
| Q2 24 | 17.1% | 2.1% | ||
| Q1 24 | 19.0% | 2.3% |
| Q4 25 | 1.74× | 2.26× | ||
| Q3 25 | 2.21× | 1.88× | ||
| Q2 25 | 2.55× | 1.10× | ||
| Q1 25 | 1.97× | -0.10× | ||
| Q4 24 | 10.31× | 2.02× | ||
| Q3 24 | 2.43× | 1.49× | ||
| Q2 24 | 2.15× | 1.12× | ||
| Q1 24 | 1.33× | 0.69× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARLP
| Illinois Basin Segment | $339.0M | 63% |
| Appalachia Segment | $141.4M | 26% |
| Other | $24.2M | 5% |
| Royalties Coal Segment | $22.4M | 4% |
| Shipping And Handling | $10.2M | 2% |
AVY
| Other | $1.1B | 47% |
| Materials Group Segment | $475.0M | 21% |
| Apparel And Other | $460.8M | 20% |
| Identification Solutions And Vestcom | $263.4M | 12% |
