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Side-by-side financial comparison of Avery Dennison (AVY) and Cintas (CTAS). Click either name above to swap in a different company.
Cintas is the larger business by last-quarter revenue ($2.8B vs $2.3B, roughly 1.2× Avery Dennison). Cintas runs the higher net margin — 17.7% vs 7.3%, a 10.4% gap on every dollar of revenue. On growth, Cintas posted the faster year-over-year revenue change (9.3% vs 7.0%). Cintas produced more free cash flow last quarter ($425.0M vs $104.4M). Over the past eight quarters, Cintas's revenue compounded faster (7.9% 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.
Cintas Corporation is an American corporation headquartered in Mason, Ohio, which provides a range of products and services to businesses including uniforms, mats, mops, cleaning and restroom supplies, first aid and safety products, fire extinguishers and testing, and safety courses. Cintas is a publicly held company traded on the Nasdaq Global Select Market under the symbol CTAS and is a component of the S&P 500 Index.
AVY vs CTAS — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.3B | $2.8B |
| Net Profit | $168.1M | $495.3M |
| Gross Margin | 28.9% | 50.4% |
| Operating Margin | 10.7% | 23.4% |
| Net Margin | 7.3% | 17.7% |
| Revenue YoY | 7.0% | 9.3% |
| Net Profit YoY | 1.1% | 10.4% |
| EPS (diluted) | — | $1.21 |
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 | $2.8B | ||
| Q3 25 | $2.2B | $2.7B | ||
| Q2 25 | $2.2B | $2.7B | ||
| Q1 25 | $2.1B | $2.6B | ||
| Q4 24 | $2.2B | $2.6B | ||
| Q3 24 | $2.2B | $2.5B | ||
| Q2 24 | $2.2B | $2.5B |
| Q1 26 | $168.1M | — | ||
| Q4 25 | $166.4M | $495.3M | ||
| Q3 25 | $166.3M | $491.1M | ||
| Q2 25 | $189.0M | $448.3M | ||
| Q1 25 | $166.3M | $463.5M | ||
| Q4 24 | $174.0M | $448.5M | ||
| Q3 24 | $181.7M | $452.0M | ||
| Q2 24 | $176.8M | $414.3M |
| Q1 26 | 28.9% | — | ||
| Q4 25 | 28.7% | 50.4% | ||
| Q3 25 | 28.7% | 50.3% | ||
| Q2 25 | 28.8% | 49.7% | ||
| Q1 25 | 28.9% | 50.6% | ||
| Q4 24 | 27.9% | 49.8% | ||
| Q3 24 | 28.7% | 50.1% | ||
| Q2 24 | 29.6% | — |
| Q1 26 | 10.7% | — | ||
| Q4 25 | 9.1% | 23.4% | ||
| Q3 25 | 10.6% | 22.7% | ||
| Q2 25 | 11.5% | 22.4% | ||
| Q1 25 | 10.6% | 23.4% | ||
| Q4 24 | 11.0% | 23.1% | ||
| Q3 24 | 11.0% | 22.4% | ||
| Q2 24 | 10.7% | 22.2% |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.3% | 17.7% | ||
| Q3 25 | 7.5% | 18.1% | ||
| Q2 25 | 8.5% | 16.8% | ||
| Q1 25 | 7.7% | 17.8% | ||
| Q4 24 | 8.0% | 17.5% | ||
| Q3 24 | 8.3% | 18.1% | ||
| Q2 24 | 7.9% | 16.8% |
| Q1 26 | — | — | ||
| Q4 25 | $2.16 | $1.21 | ||
| Q3 25 | $2.13 | $1.20 | ||
| Q2 25 | $2.41 | $1.08 | ||
| Q1 25 | $2.09 | $1.13 | ||
| Q4 24 | $2.17 | $1.09 | ||
| Q3 24 | $2.25 | $1.10 | ||
| Q2 24 | $2.18 | $4.00 |
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 | $200.8M |
| Total DebtLower is stronger | $3.2B | $2.4B |
| Stockholders' EquityBook value | $2.3B | $4.5B |
| Total Assets | $9.0B | $10.1B |
| Debt / EquityLower = less leverage | 1.38× | 0.54× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $255.1M | — | ||
| Q4 25 | $202.8M | $200.8M | ||
| Q3 25 | $536.3M | $138.1M | ||
| Q2 25 | $215.9M | $264.0M | ||
| Q1 25 | $195.9M | $243.4M | ||
| Q4 24 | $329.1M | $122.4M | ||
| Q3 24 | $212.7M | $101.4M | ||
| Q2 24 | $208.8M | $342.0M |
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $2.4B | ||
| Q3 25 | $3.2B | $2.4B | ||
| Q2 25 | $2.6B | $2.4B | ||
| Q1 25 | $2.6B | $2.0B | ||
| Q4 24 | $2.6B | $2.0B | ||
| Q3 24 | $2.0B | $2.0B | ||
| Q2 24 | $2.0B | $2.0B |
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.2B | $4.5B | ||
| Q3 25 | $2.2B | $4.8B | ||
| Q2 25 | $2.2B | $4.7B | ||
| Q1 25 | $2.2B | $4.6B | ||
| Q4 24 | $2.3B | $4.3B | ||
| Q3 24 | $2.4B | $4.0B | ||
| Q2 24 | $2.3B | $4.3B |
| Q1 26 | $9.0B | — | ||
| Q4 25 | $8.8B | $10.1B | ||
| Q3 25 | $8.9B | $9.8B | ||
| Q2 25 | $8.6B | $9.8B | ||
| Q1 25 | $8.4B | $9.6B | ||
| Q4 24 | $8.4B | $9.4B | ||
| Q3 24 | $8.5B | $9.1B | ||
| Q2 24 | $8.3B | $9.2B |
| Q1 26 | 1.38× | — | ||
| Q4 25 | 1.43× | 0.54× | ||
| Q3 25 | 1.45× | 0.51× | ||
| Q2 25 | 1.19× | 0.52× | ||
| Q1 25 | 1.19× | 0.44× | ||
| Q4 24 | 1.11× | 0.47× | ||
| Q3 24 | 0.85× | 0.50× | ||
| Q2 24 | 0.89× | 0.47× |
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 | — | $531.2M |
| Free Cash FlowOCF − Capex | $104.4M | $425.0M |
| FCF MarginFCF / Revenue | 4.5% | 15.2% |
| Capex IntensityCapex / Revenue | — | 3.8% |
| Cash ConversionOCF / Net Profit | — | 1.07× |
| TTM Free Cash FlowTrailing 4 quarters | $869.1M | $1.8B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $376.8M | $531.2M | ||
| Q3 25 | $312.1M | $414.5M | ||
| Q2 25 | $208.8M | $635.7M | ||
| Q1 25 | $-16.3M | $622.0M | ||
| Q4 24 | $351.2M | $441.4M | ||
| Q3 24 | $270.1M | $466.7M | ||
| Q2 24 | $197.7M | $693.0M |
| Q1 26 | $104.4M | — | ||
| Q4 25 | $309.7M | $425.0M | ||
| Q3 25 | $276.2M | $312.5M | ||
| Q2 25 | $178.8M | $521.1M | ||
| Q1 25 | $-52.3M | $522.1M | ||
| Q4 24 | $281.7M | $340.0M | ||
| Q3 24 | $227.1M | $373.8M | ||
| Q2 24 | $150.2M | $591.1M |
| Q1 26 | 4.5% | — | ||
| Q4 25 | 13.6% | 15.2% | ||
| Q3 25 | 12.5% | 11.5% | ||
| Q2 25 | 8.1% | 19.5% | ||
| Q1 25 | -2.4% | 20.0% | ||
| Q4 24 | 12.9% | 13.3% | ||
| Q3 24 | 10.4% | 14.9% | ||
| Q2 24 | 6.7% | 23.9% |
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | 3.8% | ||
| Q3 25 | 1.6% | 3.8% | ||
| Q2 25 | 1.4% | 4.3% | ||
| Q1 25 | 1.7% | 3.8% | ||
| Q4 24 | 3.2% | 4.0% | ||
| Q3 24 | 2.0% | 3.7% | ||
| Q2 24 | 2.1% | 4.1% |
| Q1 26 | — | — | ||
| Q4 25 | 2.26× | 1.07× | ||
| Q3 25 | 1.88× | 0.84× | ||
| Q2 25 | 1.10× | 1.42× | ||
| Q1 25 | -0.10× | 1.34× | ||
| Q4 24 | 2.02× | 0.98× | ||
| Q3 24 | 1.49× | 1.03× | ||
| Q2 24 | 1.12× | 1.67× |
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% |
CTAS
| Uniform Rental And Facility Services Segment | $2.2B | 77% |
| First Aid And Safety Services Segment | $342.2M | 12% |
| Fire Protection Services | $222.5M | 8% |
| Uniform Direct Sales | $79.8M | 3% |
