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Side-by-side financial comparison of Avery Dennison (AVY) and Graham Holdings Co (GHC). Click either name above to swap in a different company.
Avery Dennison is the larger business by last-quarter revenue ($2.3B vs $1.3B, roughly 1.8× Graham Holdings Co). Graham Holdings Co runs the higher net margin — 8.7% vs 7.3%, a 1.4% gap on every dollar of revenue. On growth, Avery Dennison posted the faster year-over-year revenue change (7.0% vs 0.4%). Over the past eight quarters, Graham Holdings Co's revenue compounded faster (4.2% 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.
Graham Holdings Company is a diversified American conglomerate holding company. Headquartered in Arlington County, Virginia, and incorporated in Delaware, it was formerly the owner of The Washington Post newspaper and Newsweek magazine.
AVY vs GHC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.3B | $1.3B |
| Net Profit | $168.1M | $108.7M |
| Gross Margin | 28.9% | — |
| Operating Margin | 10.7% | 3.8% |
| Net Margin | 7.3% | 8.7% |
| Revenue YoY | 7.0% | 0.4% |
| Net Profit YoY | 1.1% | -80.2% |
| EPS (diluted) | — | $24.76 |
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 | $1.3B | ||
| Q3 25 | $2.2B | $1.3B | ||
| Q2 25 | $2.2B | $1.2B | ||
| Q1 25 | $2.1B | $1.2B | ||
| Q4 24 | $2.2B | $1.2B | ||
| Q3 24 | $2.2B | $1.2B | ||
| Q2 24 | $2.2B | $1.2B |
| Q1 26 | $168.1M | — | ||
| Q4 25 | $166.4M | $108.7M | ||
| Q3 25 | $166.3M | $122.9M | ||
| Q2 25 | $189.0M | $36.7M | ||
| Q1 25 | $166.3M | $23.9M | ||
| Q4 24 | $174.0M | $548.8M | ||
| Q3 24 | $181.7M | $72.5M | ||
| Q2 24 | $176.8M | $-21.0M |
| 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% | 3.8% | ||
| Q3 25 | 10.6% | 5.2% | ||
| Q2 25 | 11.5% | 6.0% | ||
| Q1 25 | 10.6% | 4.1% | ||
| Q4 24 | 11.0% | 5.8% | ||
| Q3 24 | 11.0% | 6.8% | ||
| Q2 24 | 10.7% | 2.2% |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.3% | 8.7% | ||
| Q3 25 | 7.5% | 9.6% | ||
| Q2 25 | 8.5% | 3.0% | ||
| Q1 25 | 7.7% | 2.0% | ||
| Q4 24 | 8.0% | 44.1% | ||
| Q3 24 | 8.3% | 6.0% | ||
| Q2 24 | 7.9% | -1.8% |
| Q1 26 | — | — | ||
| Q4 25 | $2.16 | $24.76 | ||
| Q3 25 | $2.13 | $27.91 | ||
| Q2 25 | $2.41 | $8.35 | ||
| Q1 25 | $2.09 | $5.45 | ||
| Q4 24 | $2.17 | $124.05 | ||
| Q3 24 | $2.25 | $16.42 | ||
| Q2 24 | $2.18 | $-4.79 |
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 | $267.0M |
| Total DebtLower is stronger | $3.2B | — |
| Stockholders' EquityBook value | $2.3B | $4.8B |
| Total Assets | $9.0B | $8.4B |
| Debt / EquityLower = less leverage | 1.38× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $255.1M | — | ||
| Q4 25 | $202.8M | $267.0M | ||
| Q3 25 | $536.3M | $190.8M | ||
| Q2 25 | $215.9M | $176.2M | ||
| Q1 25 | $195.9M | $156.7M | ||
| Q4 24 | $329.1M | $260.9M | ||
| Q3 24 | $212.7M | $244.4M | ||
| Q2 24 | $208.8M | $140.7M |
| 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 | $4.8B | ||
| Q3 25 | $2.2B | $4.5B | ||
| Q2 25 | $2.2B | $4.4B | ||
| Q1 25 | $2.2B | $4.3B | ||
| Q4 24 | $2.3B | $4.3B | ||
| Q3 24 | $2.4B | $4.0B | ||
| Q2 24 | $2.3B | $4.0B |
| Q1 26 | $9.0B | — | ||
| Q4 25 | $8.8B | $8.4B | ||
| Q3 25 | $8.9B | $7.9B | ||
| Q2 25 | $8.6B | $7.6B | ||
| Q1 25 | $8.4B | $7.6B | ||
| Q4 24 | $8.4B | $7.7B | ||
| Q3 24 | $8.5B | $7.4B | ||
| Q2 24 | $8.3B | $7.2B |
| 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 | — | $28.3M |
| Free Cash FlowOCF − Capex | — | $5.0M |
| FCF MarginFCF / Revenue | — | 0.4% |
| Capex IntensityCapex / Revenue | — | 1.9% |
| Cash ConversionOCF / Net Profit | — | 0.26× |
| TTM Free Cash FlowTrailing 4 quarters | — | $275.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $376.8M | $28.3M | ||
| Q3 25 | $312.1M | $178.1M | ||
| Q2 25 | $208.8M | $94.8M | ||
| Q1 25 | $-16.3M | $46.0M | ||
| Q4 24 | $351.2M | $116.3M | ||
| Q3 24 | $270.1M | $237.6M | ||
| Q2 24 | $197.7M | $52.0M |
| Q1 26 | — | — | ||
| Q4 25 | $309.7M | $5.0M | ||
| Q3 25 | $276.2M | $161.8M | ||
| Q2 25 | $178.8M | $78.0M | ||
| Q1 25 | $-52.3M | $30.5M | ||
| Q4 24 | $281.7M | $91.1M | ||
| Q3 24 | $227.1M | $219.4M | ||
| Q2 24 | $150.2M | $33.7M |
| Q1 26 | — | — | ||
| Q4 25 | 13.6% | 0.4% | ||
| Q3 25 | 12.5% | 12.6% | ||
| Q2 25 | 8.1% | 6.4% | ||
| Q1 25 | -2.4% | 2.6% | ||
| Q4 24 | 12.9% | 7.3% | ||
| Q3 24 | 10.4% | 18.2% | ||
| Q2 24 | 6.7% | 2.8% |
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | 1.9% | ||
| Q3 25 | 1.6% | 1.3% | ||
| Q2 25 | 1.4% | 1.4% | ||
| Q1 25 | 1.7% | 1.3% | ||
| Q4 24 | 3.2% | 2.0% | ||
| Q3 24 | 2.0% | 1.5% | ||
| Q2 24 | 2.1% | 1.5% |
| Q1 26 | — | — | ||
| Q4 25 | 2.26× | 0.26× | ||
| Q3 25 | 1.88× | 1.45× | ||
| Q2 25 | 1.10× | 2.58× | ||
| Q1 25 | -0.10× | 1.93× | ||
| Q4 24 | 2.02× | 0.21× | ||
| Q3 24 | 1.49× | 3.28× | ||
| Q2 24 | 1.12× | — |
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% |
GHC
| Products | $602.7M | 48% |
| Kaplan International | $251.9M | 20% |
| Manufacturing | $117.8M | 9% |
| Television Broadcasting | $110.5M | 9% |
| Higher Education | $83.8M | 7% |
| Supplemental Education | $74.9M | 6% |
| Related Party | $4.4M | 0% |
