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Side-by-side financial comparison of Avery Dennison (AVY) and Expeditors International (EXPD). Click either name above to swap in a different company.
Expeditors International is the larger business by last-quarter revenue ($2.9B vs $2.3B, roughly 1.2× Avery Dennison). Avery Dennison runs the higher net margin — 7.3% vs 7.0%, a 0.3% gap on every dollar of revenue. On growth, Avery Dennison posted the faster year-over-year revenue change (7.0% vs -3.3%). Over the past eight quarters, Expeditors International's revenue compounded faster (13.8% 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.
Expeditors International of Washington, Inc. is an American Fortune 500 service-based logistics company with headquarters in Bellevue, Washington. Expeditors generates highly optimized and customized supply chain solutions for clients with unified technology systems integrated through a global network of over 340+ locations in 100+ countries on six continents.
AVY vs EXPD — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.3B | $2.9B |
| Net Profit | $168.1M | $200.7M |
| Gross Margin | 28.9% | — |
| Operating Margin | 10.7% | 8.8% |
| Net Margin | 7.3% | 7.0% |
| Revenue YoY | 7.0% | -3.3% |
| Net Profit YoY | 1.1% | -14.9% |
| EPS (diluted) | — | $1.50 |
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 | $2.9B | ||
| Q3 25 | $2.2B | $2.9B | ||
| Q2 25 | $2.2B | $2.7B | ||
| Q1 25 | $2.1B | $2.7B | ||
| Q4 24 | $2.2B | $3.0B | ||
| Q3 24 | $2.2B | $3.0B | ||
| Q2 24 | $2.2B | $2.4B |
| Q1 26 | $168.1M | — | ||
| Q4 25 | $166.4M | $200.7M | ||
| Q3 25 | $166.3M | $222.3M | ||
| Q2 25 | $189.0M | $183.6M | ||
| Q1 25 | $166.3M | $203.8M | ||
| Q4 24 | $174.0M | $235.9M | ||
| Q3 24 | $181.7M | $229.6M | ||
| Q2 24 | $176.8M | $175.5M |
| 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% | — | ||
| Q4 25 | 9.1% | 8.8% | ||
| Q3 25 | 10.6% | 10.0% | ||
| Q2 25 | 11.5% | 9.3% | ||
| Q1 25 | 10.6% | 10.0% | ||
| Q4 24 | 11.0% | 10.2% | ||
| Q3 24 | 11.0% | 10.1% | ||
| Q2 24 | 10.7% | 9.2% |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.3% | 7.0% | ||
| Q3 25 | 7.5% | 7.7% | ||
| Q2 25 | 8.5% | 6.9% | ||
| Q1 25 | 7.7% | 7.6% | ||
| Q4 24 | 8.0% | 8.0% | ||
| Q3 24 | 8.3% | 7.7% | ||
| Q2 24 | 7.9% | 7.2% |
| Q1 26 | — | — | ||
| Q4 25 | $2.16 | $1.50 | ||
| Q3 25 | $2.13 | $1.64 | ||
| Q2 25 | $2.41 | $1.34 | ||
| Q1 25 | $2.09 | $1.47 | ||
| Q4 24 | $2.17 | $1.68 | ||
| Q3 24 | $2.25 | $1.63 | ||
| Q2 24 | $2.18 | $1.24 |
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 | $1.3B |
| Total DebtLower is stronger | $3.2B | — |
| Stockholders' EquityBook value | $2.3B | $2.4B |
| Total Assets | $9.0B | $4.9B |
| Debt / EquityLower = less leverage | 1.38× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $255.1M | — | ||
| Q4 25 | $202.8M | $1.3B | ||
| Q3 25 | $536.3M | $1.2B | ||
| Q2 25 | $215.9M | $1.2B | ||
| Q1 25 | $195.9M | $1.3B | ||
| Q4 24 | $329.1M | $1.1B | ||
| Q3 24 | $212.7M | $1.3B | ||
| Q2 24 | $208.8M | $1.3B |
| 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 | — | ||
| Q4 25 | $2.2B | $2.4B | ||
| Q3 25 | $2.2B | $2.3B | ||
| Q2 25 | $2.2B | $2.2B | ||
| Q1 25 | $2.2B | $2.3B | ||
| Q4 24 | $2.3B | $2.2B | ||
| Q3 24 | $2.4B | $2.4B | ||
| Q2 24 | $2.3B | $2.2B |
| Q1 26 | $9.0B | — | ||
| Q4 25 | $8.8B | $4.9B | ||
| Q3 25 | $8.9B | $4.8B | ||
| Q2 25 | $8.6B | $4.8B | ||
| Q1 25 | $8.4B | $4.8B | ||
| Q4 24 | $8.4B | $4.8B | ||
| Q3 24 | $8.5B | $5.2B | ||
| Q2 24 | $8.3B | $4.8B |
| 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 | — | $283.3M |
| Free Cash FlowOCF − Capex | — | $270.3M |
| FCF MarginFCF / Revenue | — | 9.5% |
| Capex IntensityCapex / Revenue | — | 0.5% |
| Cash ConversionOCF / Net Profit | — | 1.41× |
| TTM Free Cash FlowTrailing 4 quarters | — | $953.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $376.8M | $283.3M | ||
| Q3 25 | $312.1M | $201.4M | ||
| Q2 25 | $208.8M | $179.2M | ||
| Q1 25 | $-16.3M | $342.6M | ||
| Q4 24 | $351.2M | $249.7M | ||
| Q3 24 | $270.1M | $90.0M | ||
| Q2 24 | $197.7M | $126.8M |
| Q1 26 | — | — | ||
| Q4 25 | $309.7M | $270.3M | ||
| Q3 25 | $276.2M | $190.3M | ||
| Q2 25 | $178.8M | $163.3M | ||
| Q1 25 | $-52.3M | $329.5M | ||
| Q4 24 | $281.7M | $239.7M | ||
| Q3 24 | $227.1M | $77.7M | ||
| Q2 24 | $150.2M | $118.8M |
| Q1 26 | — | — | ||
| Q4 25 | 13.6% | 9.5% | ||
| Q3 25 | 12.5% | 6.6% | ||
| Q2 25 | 8.1% | 6.2% | ||
| Q1 25 | -2.4% | 12.4% | ||
| Q4 24 | 12.9% | 8.1% | ||
| Q3 24 | 10.4% | 2.6% | ||
| Q2 24 | 6.7% | 4.9% |
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | 0.5% | ||
| Q3 25 | 1.6% | 0.4% | ||
| Q2 25 | 1.4% | 0.6% | ||
| Q1 25 | 1.7% | 0.5% | ||
| Q4 24 | 3.2% | 0.3% | ||
| Q3 24 | 2.0% | 0.4% | ||
| Q2 24 | 2.1% | 0.3% |
| Q1 26 | — | — | ||
| Q4 25 | 2.26× | 1.41× | ||
| Q3 25 | 1.88× | 0.91× | ||
| Q2 25 | 1.10× | 0.98× | ||
| Q1 25 | -0.10× | 1.68× | ||
| Q4 24 | 2.02× | 1.06× | ||
| Q3 24 | 1.49× | 0.39× | ||
| 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% |
EXPD
| Customs Brokerage And Other Services | $1.1B | 40% |
| Airfreight Services | $1.1B | 39% |
| Ocean Freight And Ocean Services | $611.4M | 21% |
