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Side-by-side financial comparison of Avery Dennison (AVY) and Digital Realty (DLR). Click either name above to swap in a different company.
Avery Dennison is the larger business by last-quarter revenue ($2.3B vs $1.6B, roughly 1.4× Digital Realty). Avery Dennison runs the higher net margin — 7.3% vs 6.0%, a 1.3% gap on every dollar of revenue. On growth, Digital Realty posted the faster year-over-year revenue change (16.1% vs 7.0%). Over the past eight quarters, Digital Realty's revenue compounded faster (9.8% 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.
Digital Realty is a real estate investment trust that owns, operates and invests in carrier-neutral data centers across the world. The company offers data center, colocation, and interconnection services.
AVY vs DLR — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.3B | $1.6B |
| Net Profit | $168.1M | $98.6M |
| Gross Margin | 28.9% | — |
| Operating Margin | 10.7% | 6.9% |
| Net Margin | 7.3% | 6.0% |
| Revenue YoY | 7.0% | 16.1% |
| Net Profit YoY | 1.1% | -10.3% |
| EPS (diluted) | — | $0.22 |
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 | $1.6B | ||
| Q4 25 | $2.3B | $1.6B | ||
| Q3 25 | $2.2B | $1.6B | ||
| Q2 25 | $2.2B | $1.5B | ||
| Q1 25 | $2.1B | $1.4B | ||
| Q4 24 | $2.2B | $1.4B | ||
| Q3 24 | $2.2B | $1.4B | ||
| Q2 24 | $2.2B | $1.4B |
| Q1 26 | $168.1M | $98.6M | ||
| Q4 25 | $166.4M | $98.6M | ||
| Q3 25 | $166.3M | $67.8M | ||
| Q2 25 | $189.0M | $1.0B | ||
| Q1 25 | $166.3M | $110.0M | ||
| Q4 24 | $174.0M | $189.6M | ||
| Q3 24 | $181.7M | $51.2M | ||
| Q2 24 | $176.8M | $80.2M |
| Q1 26 | 28.9% | — | ||
| 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 26 | 10.7% | 6.9% | ||
| Q4 25 | 9.1% | 6.9% | ||
| Q3 25 | 10.6% | 8.8% | ||
| Q2 25 | 11.5% | 14.2% | ||
| Q1 25 | 10.6% | 13.9% | ||
| Q4 24 | 11.0% | 10.1% | ||
| Q3 24 | 11.0% | 11.8% | ||
| Q2 24 | 10.7% | 0.7% |
| Q1 26 | 7.3% | 6.0% | ||
| Q4 25 | 7.3% | 6.0% | ||
| Q3 25 | 7.5% | 4.3% | ||
| Q2 25 | 8.5% | 69.1% | ||
| Q1 25 | 7.7% | 7.8% | ||
| Q4 24 | 8.0% | 13.2% | ||
| Q3 24 | 8.3% | 3.6% | ||
| Q2 24 | 7.9% | 5.9% |
| Q1 26 | — | $0.22 | ||
| Q4 25 | $2.16 | $0.22 | ||
| Q3 25 | $2.13 | $0.15 | ||
| Q2 25 | $2.41 | $2.94 | ||
| Q1 25 | $2.09 | $0.27 | ||
| Q4 24 | $2.17 | $0.50 | ||
| Q3 24 | $2.25 | $0.09 | ||
| Q2 24 | $2.18 | $0.20 |
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 | $3.5B |
| Total DebtLower is stronger | $3.2B | — |
| Stockholders' EquityBook value | $2.3B | $22.9B |
| Total Assets | $9.0B | $49.4B |
| Debt / EquityLower = less leverage | 1.38× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $255.1M | $3.5B | ||
| Q4 25 | $202.8M | $3.5B | ||
| Q3 25 | $536.3M | $3.3B | ||
| Q2 25 | $215.9M | $3.6B | ||
| Q1 25 | $195.9M | $2.3B | ||
| Q4 24 | $329.1M | $3.9B | ||
| Q3 24 | $212.7M | $2.2B | ||
| Q2 24 | $208.8M | $2.3B |
| 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 | $22.9B | ||
| Q4 25 | $2.2B | $22.9B | ||
| Q3 25 | $2.2B | $23.0B | ||
| Q2 25 | $2.2B | $22.9B | ||
| Q1 25 | $2.2B | $21.3B | ||
| Q4 24 | $2.3B | $21.3B | ||
| Q3 24 | $2.4B | $21.2B | ||
| Q2 24 | $2.3B | $20.5B |
| Q1 26 | $9.0B | $49.4B | ||
| Q4 25 | $8.8B | $49.4B | ||
| Q3 25 | $8.9B | $48.7B | ||
| Q2 25 | $8.6B | $48.7B | ||
| Q1 25 | $8.4B | $45.1B | ||
| Q4 24 | $8.4B | $45.3B | ||
| Q3 24 | $8.5B | $45.3B | ||
| Q2 24 | $8.3B | $43.6B |
| 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 | — | — |
| Free Cash FlowOCF − Capex | $104.4M | — |
| FCF MarginFCF / Revenue | 4.5% | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $869.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $376.8M | $719.0M | ||
| Q3 25 | $312.1M | $652.9M | ||
| Q2 25 | $208.8M | $641.2M | ||
| Q1 25 | $-16.3M | $399.1M | ||
| Q4 24 | $351.2M | $769.5M | ||
| Q3 24 | $270.1M | $566.5M | ||
| Q2 24 | $197.7M | $573.2M |
| Q1 26 | $104.4M | — | ||
| Q4 25 | $309.7M | — | ||
| Q3 25 | $276.2M | — | ||
| Q2 25 | $178.8M | — | ||
| Q1 25 | $-52.3M | — | ||
| Q4 24 | $281.7M | — | ||
| Q3 24 | $227.1M | — | ||
| Q2 24 | $150.2M | — |
| Q1 26 | 4.5% | — | ||
| Q4 25 | 13.6% | — | ||
| Q3 25 | 12.5% | — | ||
| Q2 25 | 8.1% | — | ||
| Q1 25 | -2.4% | — | ||
| Q4 24 | 12.9% | — | ||
| Q3 24 | 10.4% | — | ||
| Q2 24 | 6.7% | — |
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | — | ||
| Q3 25 | 1.6% | — | ||
| Q2 25 | 1.4% | — | ||
| Q1 25 | 1.7% | — | ||
| Q4 24 | 3.2% | — | ||
| Q3 24 | 2.0% | — | ||
| Q2 24 | 2.1% | — |
| Q1 26 | — | — | ||
| Q4 25 | 2.26× | 7.29× | ||
| Q3 25 | 1.88× | 9.63× | ||
| Q2 25 | 1.10× | 0.62× | ||
| Q1 25 | -0.10× | 3.63× | ||
| Q4 24 | 2.02× | 4.06× | ||
| Q3 24 | 1.49× | 11.07× | ||
| Q2 24 | 1.12× | 7.15× |
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% |
DLR
Segment breakdown not available.
