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Side-by-side financial comparison of Avery Dennison (AVY) and CSW INDUSTRIALS, INC. (CSW). Click either name above to swap in a different company.
Avery Dennison is the larger business by last-quarter revenue ($2.3B vs $233.0M, roughly 9.7× CSW INDUSTRIALS, INC.). Avery Dennison runs the higher net margin — 7.3% vs 4.4%, a 2.9% gap on every dollar of revenue. On growth, CSW INDUSTRIALS, INC. posted the faster year-over-year revenue change (20.3% vs 3.9%). Avery Dennison produced more free cash flow last quarter ($309.7M vs $22.7M). Over the past eight quarters, CSW INDUSTRIALS, INC.'s revenue compounded faster (5.1% 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.
AVY vs CSW — Head-to-Head
Income Statement — Q4 2025 vs Q3 2026
| Metric | | |
|---|---|---|
| Revenue | $2.3B | $233.0M |
| Net Profit | $166.4M | $10.3M |
| Gross Margin | 28.7% | 39.7% |
| Operating Margin | 9.1% | 7.4% |
| Net Margin | 7.3% | 4.4% |
| Revenue YoY | 3.9% | 20.3% |
| Net Profit YoY | -4.4% | -61.9% |
| EPS (diluted) | $2.16 | $0.62 |
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.
| Q4 25 | $2.3B | $233.0M | ||
| Q3 25 | $2.2B | $277.0M | ||
| Q2 25 | $2.2B | $263.6M | ||
| Q1 25 | $2.1B | $230.5M | ||
| Q4 24 | $2.2B | $193.6M | ||
| Q3 24 | $2.2B | $227.9M | ||
| Q2 24 | $2.2B | $226.2M | ||
| Q1 24 | $2.2B | $210.9M |
| Q4 25 | $166.4M | $10.3M | ||
| Q3 25 | $166.3M | $40.7M | ||
| Q2 25 | $189.0M | $40.9M | ||
| Q1 25 | $166.3M | $35.1M | ||
| Q4 24 | $174.0M | $26.9M | ||
| Q3 24 | $181.7M | $36.1M | ||
| Q2 24 | $176.8M | $38.6M | ||
| Q1 24 | $172.4M | $31.8M |
| Q4 25 | 28.7% | 39.7% | ||
| Q3 25 | 28.7% | 43.0% | ||
| Q2 25 | 28.8% | 43.8% | ||
| Q1 25 | 28.9% | 44.2% | ||
| Q4 24 | 27.9% | 41.4% | ||
| Q3 24 | 28.7% | 45.6% | ||
| Q2 24 | 29.6% | 47.5% | ||
| Q1 24 | 29.4% | 44.4% |
| Q4 25 | 9.1% | 7.4% | ||
| Q3 25 | 10.6% | 20.5% | ||
| Q2 25 | 11.5% | 20.8% | ||
| Q1 25 | 10.6% | 19.5% | ||
| Q4 24 | 11.0% | 15.3% | ||
| Q3 24 | 11.0% | 22.6% | ||
| Q2 24 | 10.7% | 24.3% | ||
| Q1 24 | 10.9% | 21.0% |
| Q4 25 | 7.3% | 4.4% | ||
| Q3 25 | 7.5% | 14.7% | ||
| Q2 25 | 8.5% | 15.5% | ||
| Q1 25 | 7.7% | 15.2% | ||
| Q4 24 | 8.0% | 13.9% | ||
| Q3 24 | 8.3% | 15.8% | ||
| Q2 24 | 7.9% | 17.1% | ||
| Q1 24 | 8.0% | 15.1% |
| Q4 25 | $2.16 | $0.62 | ||
| Q3 25 | $2.13 | $2.41 | ||
| Q2 25 | $2.41 | $2.43 | ||
| Q1 25 | $2.09 | $2.05 | ||
| Q4 24 | $2.17 | $1.60 | ||
| Q3 24 | $2.25 | $2.26 | ||
| Q2 24 | $2.18 | $2.47 | ||
| Q1 24 | $2.13 | $2.03 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $202.8M | $40.2M |
| Total DebtLower is stronger | $3.2B | — |
| Stockholders' EquityBook value | $2.2B | $1.1B |
| Total Assets | $8.8B | $2.3B |
| Debt / EquityLower = less leverage | 1.43× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $202.8M | $40.2M | ||
| Q3 25 | $536.3M | $31.5M | ||
| Q2 25 | $215.9M | $38.0M | ||
| Q1 25 | $195.9M | $225.8M | ||
| Q4 24 | $329.1M | $213.8M | ||
| Q3 24 | $212.7M | $273.2M | ||
| Q2 24 | $208.8M | $18.9M | ||
| Q1 24 | $185.7M | $22.2M |
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.2B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.6B | $800.1M | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $2.0B | — | ||
| Q1 24 | $2.1B | $166.0M |
| Q4 25 | $2.2B | $1.1B | ||
| Q3 25 | $2.2B | $1.1B | ||
| Q2 25 | $2.2B | $1.1B | ||
| Q1 25 | $2.2B | $1.1B | ||
| Q4 24 | $2.3B | $1.0B | ||
| Q3 24 | $2.4B | $1.0B | ||
| Q2 24 | $2.3B | $650.2M | ||
| Q1 24 | $2.2B | $615.7M |
| Q4 25 | $8.8B | $2.3B | ||
| Q3 25 | $8.9B | $1.5B | ||
| Q2 25 | $8.6B | $1.5B | ||
| Q1 25 | $8.4B | $1.4B | ||
| Q4 24 | $8.4B | $1.4B | ||
| Q3 24 | $8.5B | $1.4B | ||
| Q2 24 | $8.3B | $1.1B | ||
| Q1 24 | $8.3B | $1.0B |
| Q4 25 | 1.43× | — | ||
| Q3 25 | 1.45× | — | ||
| Q2 25 | 1.19× | — | ||
| Q1 25 | 1.19× | 0.75× | ||
| Q4 24 | 1.11× | — | ||
| Q3 24 | 0.85× | — | ||
| Q2 24 | 0.89× | — | ||
| Q1 24 | 0.94× | 0.27× |
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 | $376.8M | $28.9M |
| Free Cash FlowOCF − Capex | $309.7M | $22.7M |
| FCF MarginFCF / Revenue | 13.6% | 9.8% |
| Capex IntensityCapex / Revenue | 3.0% | 2.6% |
| Cash ConversionOCF / Net Profit | 2.26× | 2.81× |
| TTM Free Cash FlowTrailing 4 quarters | $712.4M | $162.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $376.8M | $28.9M | ||
| Q3 25 | $312.1M | $61.8M | ||
| Q2 25 | $208.8M | $60.6M | ||
| Q1 25 | $-16.3M | $27.3M | ||
| Q4 24 | $351.2M | $11.6M | ||
| Q3 24 | $270.1M | $66.8M | ||
| Q2 24 | $197.7M | $62.7M | ||
| Q1 24 | $119.8M | $22.4M |
| Q4 25 | $309.7M | $22.7M | ||
| Q3 25 | $276.2M | $58.7M | ||
| Q2 25 | $178.8M | $57.7M | ||
| Q1 25 | $-52.3M | $22.8M | ||
| Q4 24 | $281.7M | $8.5M | ||
| Q3 24 | $227.1M | $61.3M | ||
| Q2 24 | $150.2M | $59.6M | ||
| Q1 24 | $71.0M | $17.5M |
| Q4 25 | 13.6% | 9.8% | ||
| Q3 25 | 12.5% | 21.2% | ||
| Q2 25 | 8.1% | 21.9% | ||
| Q1 25 | -2.4% | 9.9% | ||
| Q4 24 | 12.9% | 4.4% | ||
| Q3 24 | 10.4% | 26.9% | ||
| Q2 24 | 6.7% | 26.3% | ||
| Q1 24 | 3.3% | 8.3% |
| Q4 25 | 3.0% | 2.6% | ||
| Q3 25 | 1.6% | 1.1% | ||
| Q2 25 | 1.4% | 1.1% | ||
| Q1 25 | 1.7% | 2.0% | ||
| Q4 24 | 3.2% | 1.6% | ||
| Q3 24 | 2.0% | 2.4% | ||
| Q2 24 | 2.1% | 1.4% | ||
| Q1 24 | 2.3% | 2.3% |
| Q4 25 | 2.26× | 2.81× | ||
| Q3 25 | 1.88× | 1.52× | ||
| Q2 25 | 1.10× | 1.48× | ||
| Q1 25 | -0.10× | 0.78× | ||
| Q4 24 | 2.02× | 0.43× | ||
| Q3 24 | 1.49× | 1.85× | ||
| Q2 24 | 1.12× | 1.62× | ||
| Q1 24 | 0.69× | 0.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AVY
| Other | $1.1B | 47% |
| Materials Group Segment | $475.0M | 21% |
| Apparel And Other | $460.8M | 20% |
| Identification Solutions And Vestcom | $263.4M | 12% |
CSW
| Contractor Solutions Segment | $166.3M | 71% |
| Specialized Reliability Solutions Segment | $38.2M | 16% |
| Engineered Building Solutions Segment | $28.5M | 12% |
