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Side-by-side financial comparison of Avery Dennison (AVY) and Dover Corporation (DOV). Click either name above to swap in a different company.
Avery Dennison is the larger business by last-quarter revenue ($2.3B vs $2.1B, roughly 1.1× Dover Corporation). Dover Corporation runs the higher net margin — 13.4% vs 7.3%, a 6.1% gap on every dollar of revenue. On growth, Dover Corporation posted the faster year-over-year revenue change (12.5% vs 7.0%). Over the past eight quarters, Avery Dennison's revenue compounded faster (1.4% CAGR vs -1.8%).
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.
Dover Corporation is an American conglomerate manufacturer of industrial products. The Downers Grove, Illinois-based company was founded in 1955. As of 2021, Dover's business was divided into five segments: Engineered Products, Clean Energy and Fueling, Imaging & Identification, Pumps & Process Solutions and Climate and Sustainability Technologies. Dover is a constituent of the S&P 500 index and trades on the New York Stock Exchange under the symbol DOV. Dover was ranked 448 in the 2024 Fortu...
AVY vs DOV — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.3B | $2.1B |
| Net Profit | $168.1M | $282.1M |
| Gross Margin | 28.9% | 39.1% |
| Operating Margin | 10.7% | 16.5% |
| Net Margin | 7.3% | 13.4% |
| Revenue YoY | 7.0% | 12.5% |
| Net Profit YoY | 1.1% | 22.2% |
| EPS (diluted) | — | $2.06 |
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 | $2.1B | ||
| Q4 25 | $2.3B | $2.1B | ||
| Q3 25 | $2.2B | $2.1B | ||
| Q2 25 | $2.2B | $2.0B | ||
| Q1 25 | $2.1B | $1.9B | ||
| Q4 24 | $2.2B | $1.5B | ||
| Q3 24 | $2.2B | $2.0B | ||
| Q2 24 | $2.2B | $2.2B |
| Q1 26 | $168.1M | $282.1M | ||
| Q4 25 | $166.4M | $282.1M | ||
| Q3 25 | $166.3M | $302.0M | ||
| Q2 25 | $189.0M | $279.1M | ||
| Q1 25 | $166.3M | $230.8M | ||
| Q4 24 | $174.0M | $1.4B | ||
| Q3 24 | $181.7M | $347.1M | ||
| Q2 24 | $176.8M | $281.8M |
| Q1 26 | 28.9% | 39.1% | ||
| Q4 25 | 28.7% | 39.1% | ||
| Q3 25 | 28.7% | 40.1% | ||
| Q2 25 | 28.8% | 39.9% | ||
| Q1 25 | 28.9% | 40.0% | ||
| Q4 24 | 27.9% | 41.4% | ||
| Q3 24 | 28.7% | 38.5% | ||
| Q2 24 | 29.6% | 37.7% |
| Q1 26 | 10.7% | 16.5% | ||
| Q4 25 | 9.1% | 16.5% | ||
| Q3 25 | 10.6% | 18.2% | ||
| Q2 25 | 11.5% | 17.3% | ||
| Q1 25 | 10.6% | 15.9% | ||
| Q4 24 | 11.0% | 14.0% | ||
| Q3 24 | 11.0% | 16.8% | ||
| Q2 24 | 10.7% | 17.0% |
| Q1 26 | 7.3% | 13.4% | ||
| Q4 25 | 7.3% | 13.4% | ||
| Q3 25 | 7.5% | 14.5% | ||
| Q2 25 | 8.5% | 13.6% | ||
| Q1 25 | 7.7% | 12.4% | ||
| Q4 24 | 8.0% | 96.4% | ||
| Q3 24 | 8.3% | 17.5% | ||
| Q2 24 | 7.9% | 12.9% |
| Q1 26 | — | $2.06 | ||
| Q4 25 | $2.16 | $2.06 | ||
| Q3 25 | $2.13 | $2.19 | ||
| Q2 25 | $2.41 | $2.02 | ||
| Q1 25 | $2.09 | $1.67 | ||
| Q4 24 | $2.17 | $10.38 | ||
| Q3 24 | $2.25 | $2.51 | ||
| Q2 24 | $2.18 | $2.04 |
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 | — |
| Total DebtLower is stronger | $3.2B | $3.3B |
| Stockholders' EquityBook value | $2.3B | $7.4B |
| Total Assets | $9.0B | $13.4B |
| Debt / EquityLower = less leverage | 1.38× | 0.45× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $255.1M | — | ||
| Q4 25 | $202.8M | — | ||
| Q3 25 | $536.3M | — | ||
| Q2 25 | $215.9M | — | ||
| Q1 25 | $195.9M | — | ||
| Q4 24 | $329.1M | — | ||
| Q3 24 | $212.7M | — | ||
| Q2 24 | $208.8M | — |
| Q1 26 | $3.2B | $3.3B | ||
| Q4 25 | $3.2B | $3.3B | ||
| Q3 25 | $3.2B | $3.1B | ||
| Q2 25 | $2.6B | $3.1B | ||
| Q1 25 | $2.6B | $3.0B | ||
| Q4 24 | $2.6B | $2.9B | ||
| Q3 24 | $2.0B | $3.0B | ||
| Q2 24 | $2.0B | $3.0B |
| Q1 26 | $2.3B | $7.4B | ||
| Q4 25 | $2.2B | $7.4B | ||
| Q3 25 | $2.2B | $7.7B | ||
| Q2 25 | $2.2B | $7.4B | ||
| Q1 25 | $2.2B | $7.1B | ||
| Q4 24 | $2.3B | $7.0B | ||
| Q3 24 | $2.4B | $5.7B | ||
| Q2 24 | $2.3B | $5.4B |
| Q1 26 | $9.0B | $13.4B | ||
| Q4 25 | $8.8B | $13.4B | ||
| Q3 25 | $8.9B | $13.4B | ||
| Q2 25 | $8.6B | $13.2B | ||
| Q1 25 | $8.4B | $12.6B | ||
| Q4 24 | $8.4B | $12.5B | ||
| Q3 24 | $8.5B | $11.9B | ||
| Q2 24 | $8.3B | $11.3B |
| Q1 26 | 1.38× | 0.45× | ||
| Q4 25 | 1.43× | 0.45× | ||
| Q3 25 | 1.45× | 0.40× | ||
| Q2 25 | 1.19× | 0.41× | ||
| Q1 25 | 1.19× | 0.42× | ||
| Q4 24 | 1.11× | 0.42× | ||
| Q3 24 | 0.85× | 0.53× | ||
| Q2 24 | 0.89× | 0.55× |
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 | $543.9M | ||
| Q3 25 | $312.1M | $424.2M | ||
| Q2 25 | $208.8M | $212.3M | ||
| Q1 25 | $-16.3M | $157.5M | ||
| Q4 24 | $351.2M | $439.0M | ||
| Q3 24 | $270.1M | $353.2M | ||
| Q2 24 | $197.7M | $203.7M |
| Q1 26 | $104.4M | — | ||
| Q4 25 | $309.7M | $487.0M | ||
| Q3 25 | $276.2M | $370.1M | ||
| Q2 25 | $178.8M | $151.4M | ||
| Q1 25 | $-52.3M | $109.3M | ||
| Q4 24 | $281.7M | $385.0M | ||
| Q3 24 | $227.1M | $325.0M | ||
| Q2 24 | $150.2M | $162.8M |
| Q1 26 | 4.5% | — | ||
| Q4 25 | 13.6% | 23.2% | ||
| Q3 25 | 12.5% | 17.8% | ||
| Q2 25 | 8.1% | 7.4% | ||
| Q1 25 | -2.4% | 5.9% | ||
| Q4 24 | 12.9% | 25.8% | ||
| Q3 24 | 10.4% | 16.4% | ||
| Q2 24 | 6.7% | 7.5% |
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | 2.7% | ||
| Q3 25 | 1.6% | 2.6% | ||
| Q2 25 | 1.4% | 3.0% | ||
| Q1 25 | 1.7% | 2.6% | ||
| Q4 24 | 3.2% | 3.6% | ||
| Q3 24 | 2.0% | 1.4% | ||
| Q2 24 | 2.1% | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | 2.26× | 1.93× | ||
| Q3 25 | 1.88× | 1.40× | ||
| Q2 25 | 1.10× | 0.76× | ||
| Q1 25 | -0.10× | 0.68× | ||
| Q4 24 | 2.02× | 0.31× | ||
| Q3 24 | 1.49× | 1.02× | ||
| Q2 24 | 1.12× | 0.72× |
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% |
DOV
Segment breakdown not available.
