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Side-by-side financial comparison of Avery Dennison (AVY) and Eversource Energy (ES). Click either name above to swap in a different company.

Eversource Energy is the larger business by last-quarter revenue ($3.4B vs $2.3B, roughly 1.5× Avery Dennison). Eversource Energy runs the higher net margin — 12.6% vs 7.3%, a 5.2% gap on every dollar of revenue. On growth, Eversource Energy posted the faster year-over-year revenue change (13.4% vs 7.0%). Avery Dennison produced more free cash flow last quarter ($104.4M vs $-67.3M). Over the past eight quarters, Avery Dennison's revenue compounded faster (1.4% CAGR vs 0.6%).

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.

Eversource Energy is a publicly traded, Fortune 500 energy company headquartered in Springfield, Massachusetts with additional corporate offices in Hartford, Connecticut, and Boston, Massachusetts, with several regulated subsidiaries offering retail electricity, natural gas service and water service to approximately 4 million customers in Connecticut, Massachusetts, and New Hampshire.

AVY vs ES — Head-to-Head

Bigger by revenue
ES
ES
1.5× larger
ES
$3.4B
$2.3B
AVY
Growing faster (revenue YoY)
ES
ES
+6.4% gap
ES
13.4%
7.0%
AVY
Higher net margin
ES
ES
5.2% more per $
ES
12.6%
7.3%
AVY
More free cash flow
AVY
AVY
$171.7M more FCF
AVY
$104.4M
$-67.3M
ES
Faster 2-yr revenue CAGR
AVY
AVY
Annualised
AVY
1.4%
0.6%
ES

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
AVY
AVY
ES
ES
Revenue
$2.3B
$3.4B
Net Profit
$168.1M
$423.2M
Gross Margin
28.9%
Operating Margin
10.7%
21.1%
Net Margin
7.3%
12.6%
Revenue YoY
7.0%
13.4%
Net Profit YoY
1.1%
468.8%
EPS (diluted)
$1.11

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
ES
ES
Q1 26
$2.3B
Q4 25
$2.3B
$3.4B
Q3 25
$2.2B
$3.2B
Q2 25
$2.2B
$2.8B
Q1 25
$2.1B
$4.1B
Q4 24
$2.2B
$3.0B
Q3 24
$2.2B
$3.1B
Q2 24
$2.2B
$2.5B
Net Profit
AVY
AVY
ES
ES
Q1 26
$168.1M
Q4 25
$166.4M
$423.2M
Q3 25
$166.3M
$369.4M
Q2 25
$189.0M
$354.6M
Q1 25
$166.3M
$552.7M
Q4 24
$174.0M
$74.4M
Q3 24
$181.7M
$-116.2M
Q2 24
$176.8M
$337.2M
Gross Margin
AVY
AVY
ES
ES
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%
Operating Margin
AVY
AVY
ES
ES
Q1 26
10.7%
Q4 25
9.1%
21.1%
Q3 25
10.6%
21.4%
Q2 25
11.5%
23.4%
Q1 25
10.6%
22.5%
Q4 24
11.0%
11.7%
Q3 24
11.0%
20.0%
Q2 24
10.7%
23.8%
Net Margin
AVY
AVY
ES
ES
Q1 26
7.3%
Q4 25
7.3%
12.6%
Q3 25
7.5%
11.5%
Q2 25
8.5%
12.5%
Q1 25
7.7%
13.4%
Q4 24
8.0%
2.5%
Q3 24
8.3%
-3.8%
Q2 24
7.9%
13.3%
EPS (diluted)
AVY
AVY
ES
ES
Q1 26
Q4 25
$2.16
$1.11
Q3 25
$2.13
$0.99
Q2 25
$2.41
$0.96
Q1 25
$2.09
$1.50
Q4 24
$2.17
$0.16
Q3 24
$2.25
$-0.33
Q2 24
$2.18
$0.95

Balance Sheet & Financial Strength

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

Metric
AVY
AVY
ES
ES
Cash + ST InvestmentsLiquidity on hand
$255.1M
$135.4M
Total DebtLower is stronger
$3.2B
Stockholders' EquityBook value
$2.3B
$16.2B
Total Assets
$9.0B
$63.8B
Debt / EquityLower = less leverage
1.38×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVY
AVY
ES
ES
Q1 26
$255.1M
Q4 25
$202.8M
$135.4M
Q3 25
$536.3M
$259.3M
Q2 25
$215.9M
$343.7M
Q1 25
$195.9M
$111.4M
Q4 24
$329.1M
$26.7M
Q3 24
$212.7M
$97.9M
Q2 24
$208.8M
Total Debt
AVY
AVY
ES
ES
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
Stockholders' Equity
AVY
AVY
ES
ES
Q1 26
$2.3B
Q4 25
$2.2B
$16.2B
Q3 25
$2.2B
$16.0B
Q2 25
$2.2B
$15.7B
Q1 25
$2.2B
$15.3B
Q4 24
$2.3B
$15.0B
Q3 24
$2.4B
$15.0B
Q2 24
$2.3B
$14.8B
Total Assets
AVY
AVY
ES
ES
Q1 26
$9.0B
Q4 25
$8.8B
$63.8B
Q3 25
$8.9B
$61.7B
Q2 25
$8.6B
$61.0B
Q1 25
$8.4B
$60.2B
Q4 24
$8.4B
$59.6B
Q3 24
$8.5B
$58.6B
Q2 24
$8.3B
$58.4B
Debt / Equity
AVY
AVY
ES
ES
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
AVY
AVY
ES
ES
Operating Cash FlowLast quarter
$916.1M
Free Cash FlowOCF − Capex
$104.4M
$-67.3M
FCF MarginFCF / Revenue
4.5%
-2.0%
Capex IntensityCapex / Revenue
29.2%
Cash ConversionOCF / Net Profit
2.16×
TTM Free Cash FlowTrailing 4 quarters
$869.1M
$-45.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVY
AVY
ES
ES
Q1 26
Q4 25
$376.8M
$916.1M
Q3 25
$312.1M
$1.1B
Q2 25
$208.8M
$1.1B
Q1 25
$-16.3M
$1.0B
Q4 24
$351.2M
$642.1M
Q3 24
$270.1M
$555.6M
Q2 24
$197.7M
$670.7M
Free Cash Flow
AVY
AVY
ES
ES
Q1 26
$104.4M
Q4 25
$309.7M
$-67.3M
Q3 25
$276.2M
$-26.3M
Q2 25
$178.8M
$15.3M
Q1 25
$-52.3M
$33.2M
Q4 24
$281.7M
$-546.5M
Q3 24
$227.1M
$-515.4M
Q2 24
$150.2M
$-400.8M
FCF Margin
AVY
AVY
ES
ES
Q1 26
4.5%
Q4 25
13.6%
-2.0%
Q3 25
12.5%
-0.8%
Q2 25
8.1%
0.5%
Q1 25
-2.4%
0.8%
Q4 24
12.9%
-18.4%
Q3 24
10.4%
-16.8%
Q2 24
6.7%
-15.8%
Capex Intensity
AVY
AVY
ES
ES
Q1 26
Q4 25
3.0%
29.2%
Q3 25
1.6%
35.0%
Q2 25
1.4%
36.7%
Q1 25
1.7%
24.5%
Q4 24
3.2%
40.0%
Q3 24
2.0%
35.0%
Q2 24
2.1%
42.3%
Cash Conversion
AVY
AVY
ES
ES
Q1 26
Q4 25
2.26×
2.16×
Q3 25
1.88×
2.98×
Q2 25
1.10×
2.98×
Q1 25
-0.10×
1.88×
Q4 24
2.02×
8.63×
Q3 24
1.49×
Q2 24
1.12×
1.99×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AVY
AVY

Materials Group$1.6B72%
Solutions Group$649.2M28%

ES
ES

Residential$1.2B35%
Commercial$789.0M23%
Eversource Electric Transmission$573.8M17%
Wholesale Transmission Revenue$570.0M17%
Industrial$102.6M3%
Water Distribution Segment$58.4M2%
Eversource Water$56.3M2%
Other Revenue Adjustmentsfrom Contractswith Customers$25.9M1%

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