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Side-by-side financial comparison of Avery Dennison (AVY) and CLEAN HARBORS INC (CLH). Click either name above to swap in a different company.
Avery Dennison is the larger business by last-quarter revenue ($2.3B vs $1.5B, roughly 1.5× CLEAN HARBORS INC). Avery Dennison runs the higher net margin — 7.3% vs 5.8%, a 1.5% gap on every dollar of revenue. On growth, Avery Dennison posted the faster year-over-year revenue change (7.0% vs 4.8%). CLEAN HARBORS INC produced more free cash flow last quarter ($233.3M vs $104.4M). Over the past eight quarters, CLEAN HARBORS INC's revenue compounded faster (4.4% CAGR vs 1.4%).
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.
Clean Harbors, Inc., headquartered in Norwell, Massachusetts, is a provider of waste management and industrial services for commercial customers, specializing in the collection, transportation, treatment and disposal of hazardous waste, but also offering services for non-hazardous waste. The company has 870 operating locations in 630 properties in the U.S. and Canada including a network of over 100 waste disposal facilities such as incinerators, landfills, treatment, storage and disposal faci...
AVY vs CLH — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.3B | $1.5B |
| Net Profit | $168.1M | $86.6M |
| Gross Margin | 28.9% | 30.6% |
| Operating Margin | 10.7% | 10.6% |
| Net Margin | 7.3% | 5.8% |
| Revenue YoY | 7.0% | 4.8% |
| Net Profit YoY | 1.1% | 3.1% |
| EPS (diluted) | — | $1.62 |
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.
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.3B | $1.5B | ||
| Q3 25 | $2.2B | $1.5B | ||
| Q2 25 | $2.2B | $1.5B | ||
| Q1 25 | $2.1B | $1.4B | ||
| Q4 24 | $2.2B | $1.4B | ||
| Q3 24 | $2.2B | $1.5B | ||
| Q2 24 | $2.2B | $1.6B |
| Q1 26 | $168.1M | — | ||
| Q4 25 | $166.4M | $86.6M | ||
| Q3 25 | $166.3M | $118.8M | ||
| Q2 25 | $189.0M | $126.9M | ||
| Q1 25 | $166.3M | $58.7M | ||
| Q4 24 | $174.0M | $84.0M | ||
| Q3 24 | $181.7M | $115.2M | ||
| Q2 24 | $176.8M | $133.3M |
| Q1 26 | 28.9% | — | ||
| Q4 25 | 28.7% | 30.6% | ||
| Q3 25 | 28.7% | 32.3% | ||
| Q2 25 | 28.8% | 33.3% | ||
| Q1 25 | 28.9% | 28.6% | ||
| Q4 24 | 27.9% | 29.9% | ||
| Q3 24 | 28.7% | 31.0% | ||
| Q2 24 | 29.6% | 33.3% |
| Q1 26 | 10.7% | — | ||
| Q4 25 | 9.1% | 10.6% | ||
| Q3 25 | 10.6% | 12.5% | ||
| Q2 25 | 11.5% | 13.6% | ||
| Q1 25 | 10.6% | 7.8% | ||
| Q4 24 | 11.0% | 9.6% | ||
| Q3 24 | 11.0% | 12.6% | ||
| Q2 24 | 10.7% | 13.9% |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.3% | 5.8% | ||
| Q3 25 | 7.5% | 7.7% | ||
| Q2 25 | 8.5% | 8.2% | ||
| Q1 25 | 7.7% | 4.1% | ||
| Q4 24 | 8.0% | 5.9% | ||
| Q3 24 | 8.3% | 7.5% | ||
| Q2 24 | 7.9% | 8.6% |
| Q1 26 | — | — | ||
| Q4 25 | $2.16 | $1.62 | ||
| Q3 25 | $2.13 | $2.21 | ||
| Q2 25 | $2.41 | $2.36 | ||
| Q1 25 | $2.09 | $1.09 | ||
| Q4 24 | $2.17 | $1.55 | ||
| Q3 24 | $2.25 | $2.12 | ||
| Q2 24 | $2.18 | $2.46 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $255.1M | $127.4M |
| Total DebtLower is stronger | $3.2B | — |
| Stockholders' EquityBook value | $2.3B | $2.7B |
| Total Assets | $9.0B | $7.6B |
| Debt / EquityLower = less leverage | 1.38× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $255.1M | — | ||
| Q4 25 | $202.8M | $127.4M | ||
| Q3 25 | $536.3M | $91.2M | ||
| Q2 25 | $215.9M | $98.9M | ||
| Q1 25 | $195.9M | $105.9M | ||
| Q4 24 | $329.1M | $102.6M | ||
| Q3 24 | $212.7M | $82.4M | ||
| Q2 24 | $208.8M | $91.3M |
| Q1 26 | $3.2B | — | ||
| 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 26 | $2.3B | — | ||
| Q4 25 | $2.2B | $2.7B | ||
| Q3 25 | $2.2B | $2.8B | ||
| Q2 25 | $2.2B | $2.7B | ||
| Q1 25 | $2.2B | $2.6B | ||
| Q4 24 | $2.3B | $2.6B | ||
| Q3 24 | $2.4B | $2.5B | ||
| Q2 24 | $2.3B | $2.4B |
| Q1 26 | $9.0B | — | ||
| Q4 25 | $8.8B | $7.6B | ||
| Q3 25 | $8.9B | $7.5B | ||
| Q2 25 | $8.6B | $7.4B | ||
| Q1 25 | $8.4B | $7.2B | ||
| Q4 24 | $8.4B | $7.4B | ||
| Q3 24 | $8.5B | $7.3B | ||
| Q2 24 | $8.3B | $7.1B |
| Q1 26 | 1.38× | — | ||
| 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× | — |
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 | — | $355.1M |
| Free Cash FlowOCF − Capex | $104.4M | $233.3M |
| FCF MarginFCF / Revenue | 4.5% | 15.6% |
| Capex IntensityCapex / Revenue | — | 8.1% |
| Cash ConversionOCF / Net Profit | — | 4.10× |
| TTM Free Cash FlowTrailing 4 quarters | $869.1M | $441.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $376.8M | $355.1M | ||
| Q3 25 | $312.1M | $302.0M | ||
| Q2 25 | $208.8M | $208.0M | ||
| Q1 25 | $-16.3M | $1.6M | ||
| Q4 24 | $351.2M | $303.9M | ||
| Q3 24 | $270.1M | $239.2M | ||
| Q2 24 | $197.7M | $216.0M |
| Q1 26 | $104.4M | — | ||
| Q4 25 | $309.7M | $233.3M | ||
| Q3 25 | $276.2M | $207.5M | ||
| Q2 25 | $178.8M | $118.0M | ||
| Q1 25 | $-52.3M | $-117.1M | ||
| Q4 24 | $281.7M | $241.5M | ||
| Q3 24 | $227.1M | $142.4M | ||
| Q2 24 | $150.2M | $80.9M |
| Q1 26 | 4.5% | — | ||
| Q4 25 | 13.6% | 15.6% | ||
| Q3 25 | 12.5% | 13.4% | ||
| Q2 25 | 8.1% | 7.6% | ||
| Q1 25 | -2.4% | -8.2% | ||
| Q4 24 | 12.9% | 16.9% | ||
| Q3 24 | 10.4% | 9.3% | ||
| Q2 24 | 6.7% | 5.2% |
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | 8.1% | ||
| Q3 25 | 1.6% | 6.1% | ||
| Q2 25 | 1.4% | 5.8% | ||
| Q1 25 | 1.7% | 8.3% | ||
| Q4 24 | 3.2% | 4.4% | ||
| Q3 24 | 2.0% | 6.3% | ||
| Q2 24 | 2.1% | 8.7% |
| Q1 26 | — | — | ||
| Q4 25 | 2.26× | 4.10× | ||
| Q3 25 | 1.88× | 2.54× | ||
| Q2 25 | 1.10× | 1.64× | ||
| Q1 25 | -0.10× | 0.03× | ||
| Q4 24 | 2.02× | 3.62× | ||
| Q3 24 | 1.49× | 2.08× | ||
| Q2 24 | 1.12× | 1.62× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AVY
| Materials Group | $1.6B | 72% |
| Solutions Group | $649.2M | 28% |
CLH
| Technical Services | $479.3M | 32% |
| Safetly Kleen Environmental Services | $252.9M | 17% |
| Fieldand Emergency Response | $246.6M | 16% |
| Products | $205.3M | 14% |
| Safety Kleen Sustainability Solutions Segment | $188.4M | 13% |
| Safety Kleen Oil | $132.6M | 9% |
