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Side-by-side financial comparison of Avery Dennison (AVY) and Core Natural Resources, Inc. (CNR). Click either name above to swap in a different company.

Avery Dennison is the larger business by last-quarter revenue ($2.3B vs $1.0B, roughly 2.2× Core Natural Resources, Inc.). Avery Dennison runs the higher net margin — 7.3% vs -7.6%, a 14.9% gap on every dollar of revenue. On growth, Core Natural Resources, Inc. posted the faster year-over-year revenue change (81.8% vs 3.9%). Avery Dennison produced more free cash flow last quarter ($309.7M vs $26.0M). Over the past eight quarters, Core Natural Resources, Inc.'s revenue compounded faster (38.1% CAGR vs 2.7%).

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.

Arch Resources, previously known as Arch Coal, was an American coal mining and processing company. The company mined, processed, and marketed bituminous and sub-bituminous coal with low sulfur content in the United States. Arch Resources was the second-largest supplier of coal in the United States, behind Peabody Energy. As of 2011 the company supplied 15% of the domestic market. Demand came mainly from generators of electricity.

AVY vs CNR — Head-to-Head

Bigger by revenue
AVY
AVY
2.2× larger
AVY
$2.3B
$1.0B
CNR
Growing faster (revenue YoY)
CNR
CNR
+77.8% gap
CNR
81.8%
3.9%
AVY
Higher net margin
AVY
AVY
14.9% more per $
AVY
7.3%
-7.6%
CNR
More free cash flow
AVY
AVY
$283.7M more FCF
AVY
$309.7M
$26.0M
CNR
Faster 2-yr revenue CAGR
CNR
CNR
Annualised
CNR
38.1%
2.7%
AVY

Income Statement — Q4 2025 vs Q4 2025

Metric
AVY
AVY
CNR
CNR
Revenue
$2.3B
$1.0B
Net Profit
$166.4M
$-79.0M
Gross Margin
28.7%
Operating Margin
9.1%
-9.3%
Net Margin
7.3%
-7.6%
Revenue YoY
3.9%
81.8%
Net Profit YoY
-4.4%
-356.3%
EPS (diluted)
$2.16
$-1.51

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.

Revenue
AVY
AVY
CNR
CNR
Q4 25
$2.3B
$1.0B
Q3 25
$2.2B
$1.0B
Q2 25
$2.2B
$1.1B
Q1 25
$2.1B
$1.0B
Q4 24
$2.2B
$573.6M
Q3 24
$2.2B
$553.4M
Q2 24
$2.2B
$490.7M
Q1 24
$2.2B
$546.7M
Net Profit
AVY
AVY
CNR
CNR
Q4 25
$166.4M
$-79.0M
Q3 25
$166.3M
$31.6M
Q2 25
$189.0M
$-36.6M
Q1 25
$166.3M
$-69.3M
Q4 24
$174.0M
$30.8M
Q3 24
$181.7M
$95.6M
Q2 24
$176.8M
$58.1M
Q1 24
$172.4M
$101.9M
Gross Margin
AVY
AVY
CNR
CNR
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%
Operating Margin
AVY
AVY
CNR
CNR
Q4 25
9.1%
-9.3%
Q3 25
10.6%
-1.2%
Q2 25
11.5%
-1.7%
Q1 25
10.6%
-5.3%
Q4 24
11.0%
6.6%
Q3 24
11.0%
21.2%
Q2 24
10.7%
14.6%
Q1 24
10.9%
22.7%
Net Margin
AVY
AVY
CNR
CNR
Q4 25
7.3%
-7.6%
Q3 25
7.5%
3.2%
Q2 25
8.5%
-3.3%
Q1 25
7.7%
-6.8%
Q4 24
8.0%
5.4%
Q3 24
8.3%
17.3%
Q2 24
7.9%
11.8%
Q1 24
8.0%
18.6%
EPS (diluted)
AVY
AVY
CNR
CNR
Q4 25
$2.16
$-1.51
Q3 25
$2.13
$0.61
Q2 25
$2.41
$-0.70
Q1 25
$2.09
$-1.38
Q4 24
$2.17
$1.04
Q3 24
$2.25
$3.22
Q2 24
$2.18
$1.96
Q1 24
$2.13
$3.39

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AVY
AVY
CNR
CNR
Cash + ST InvestmentsLiquidity on hand
$202.8M
$432.2M
Total DebtLower is stronger
$3.2B
$354.2M
Stockholders' EquityBook value
$2.2B
$3.7B
Total Assets
$8.8B
$6.1B
Debt / EquityLower = less leverage
1.43×
0.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVY
AVY
CNR
CNR
Q4 25
$202.8M
$432.2M
Q3 25
$536.3M
$444.7M
Q2 25
$215.9M
$413.2M
Q1 25
$195.9M
$388.5M
Q4 24
$329.1M
$460.2M
Q3 24
$212.7M
$331.7M
Q2 24
$208.8M
$216.1M
Q1 24
$185.7M
$172.6M
Total Debt
AVY
AVY
CNR
CNR
Q4 25
$3.2B
$354.2M
Q3 25
$3.2B
$334.5M
Q2 25
$2.6B
$334.0M
Q1 25
$2.6B
$329.8M
Q4 24
$2.6B
$94.8M
Q3 24
$2.0B
$83.7M
Q2 24
$2.0B
$184.9M
Q1 24
$2.1B
$185.5M
Stockholders' Equity
AVY
AVY
CNR
CNR
Q4 25
$2.2B
$3.7B
Q3 25
$2.2B
$3.8B
Q2 25
$2.2B
$3.8B
Q1 25
$2.2B
$3.9B
Q4 24
$2.3B
$1.6B
Q3 24
$2.4B
$1.5B
Q2 24
$2.3B
$1.4B
Q1 24
$2.2B
$1.4B
Total Assets
AVY
AVY
CNR
CNR
Q4 25
$8.8B
$6.1B
Q3 25
$8.9B
$6.2B
Q2 25
$8.6B
$6.2B
Q1 25
$8.4B
$6.3B
Q4 24
$8.4B
$2.9B
Q3 24
$8.5B
$2.8B
Q2 24
$8.3B
$2.7B
Q1 24
$8.3B
$2.7B
Debt / Equity
AVY
AVY
CNR
CNR
Q4 25
1.43×
0.10×
Q3 25
1.45×
0.09×
Q2 25
1.19×
0.09×
Q1 25
1.19×
0.08×
Q4 24
1.11×
0.06×
Q3 24
0.85×
0.05×
Q2 24
0.89×
0.13×
Q1 24
0.94×
0.13×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AVY
AVY
CNR
CNR
Operating Cash FlowLast quarter
$376.8M
$107.3M
Free Cash FlowOCF − Capex
$309.7M
$26.0M
FCF MarginFCF / Revenue
13.6%
2.5%
Capex IntensityCapex / Revenue
3.0%
7.8%
Cash ConversionOCF / Net Profit
2.26×
TTM Free Cash FlowTrailing 4 quarters
$712.4M
$21.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVY
AVY
CNR
CNR
Q4 25
$376.8M
$107.3M
Q3 25
$312.1M
$87.9M
Q2 25
$208.8M
$220.2M
Q1 25
$-16.3M
$-109.6M
Q4 24
$351.2M
$121.3M
Q3 24
$270.1M
$161.3M
Q2 24
$197.7M
$116.3M
Q1 24
$119.8M
$77.5M
Free Cash Flow
AVY
AVY
CNR
CNR
Q4 25
$309.7M
$26.0M
Q3 25
$276.2M
$38.6M
Q2 25
$178.8M
$131.0M
Q1 25
$-52.3M
$-174.5M
Q4 24
$281.7M
$80.5M
Q3 24
$227.1M
$121.9M
Q2 24
$150.2M
$60.9M
Q1 24
$71.0M
$35.1M
FCF Margin
AVY
AVY
CNR
CNR
Q4 25
13.6%
2.5%
Q3 25
12.5%
3.9%
Q2 25
8.1%
11.9%
Q1 25
-2.4%
-17.1%
Q4 24
12.9%
14.0%
Q3 24
10.4%
22.0%
Q2 24
6.7%
12.4%
Q1 24
3.3%
6.4%
Capex Intensity
AVY
AVY
CNR
CNR
Q4 25
3.0%
7.8%
Q3 25
1.6%
4.9%
Q2 25
1.4%
8.1%
Q1 25
1.7%
6.4%
Q4 24
3.2%
7.1%
Q3 24
2.0%
7.1%
Q2 24
2.1%
11.3%
Q1 24
2.3%
7.7%
Cash Conversion
AVY
AVY
CNR
CNR
Q4 25
2.26×
Q3 25
1.88×
2.78×
Q2 25
1.10×
Q1 25
-0.10×
Q4 24
2.02×
3.94×
Q3 24
1.49×
1.69×
Q2 24
1.12×
2.00×
Q1 24
0.69×
0.76×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AVY
AVY

Other$1.1B47%
Materials Group Segment$475.0M21%
Apparel And Other$460.8M20%
Identification Solutions And Vestcom$263.4M12%

CNR
CNR

Other$397.4M38%
Power Generation$376.5M36%
PRB$183.0M18%
Metallurgical$42.0M4%
Industrial$34.1M3%
Terminal Revenue$6.4M1%
Other Revenue$3.0M0%

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