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Side-by-side financial comparison of Avery Dennison (AVY) and GRAPHIC PACKAGING HOLDING CO (GPK). 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× GRAPHIC PACKAGING HOLDING CO). Avery Dennison runs the higher net margin — 7.3% vs 3.4%, a 3.9% gap on every dollar of revenue. On growth, Avery Dennison posted the faster year-over-year revenue change (3.9% vs 0.2%). Over the past eight quarters, Avery Dennison's revenue compounded faster (2.7% CAGR vs -3.5%).
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.
Graphic Packaging International is a Fortune 500 corporation based in Atlanta, Georgia, United States. It designs and manufactures packaging solutions for commercial products. GPI manufactures paperboard and folding cartons for a wide range of popular consumer goods, particularly beverages and packaged food. The company operates paperboard mills in Kalamazoo, Michigan; Macon, Georgia; Middletown, Ohio; Prosperity, South Carolina; Texarkana, Texas; and West Monroe, Louisiana, that use recycled...
AVY vs GPK — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $2.3B | $2.1B |
| Net Profit | $166.4M | $71.0M |
| Gross Margin | 28.7% | 14.1% |
| Operating Margin | 9.1% | 7.4% |
| Net Margin | 7.3% | 3.4% |
| Revenue YoY | 3.9% | 0.2% |
| Net Profit YoY | -4.4% | -48.6% |
| EPS (diluted) | $2.16 | $0.24 |
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.
| Q4 25 | $2.3B | $2.1B | ||
| Q3 25 | $2.2B | $2.2B | ||
| Q2 25 | $2.2B | $2.2B | ||
| Q1 25 | $2.1B | $2.1B | ||
| Q4 24 | $2.2B | $2.1B | ||
| Q3 24 | $2.2B | $2.2B | ||
| Q2 24 | $2.2B | $2.2B | ||
| Q1 24 | $2.2B | $2.3B |
| Q4 25 | $166.4M | $71.0M | ||
| Q3 25 | $166.3M | $142.0M | ||
| Q2 25 | $189.0M | $104.0M | ||
| Q1 25 | $166.3M | $127.0M | ||
| Q4 24 | $174.0M | $138.0M | ||
| Q3 24 | $181.7M | $165.0M | ||
| Q2 24 | $176.8M | $190.0M | ||
| Q1 24 | $172.4M | $165.0M |
| Q4 25 | 28.7% | 14.1% | ||
| Q3 25 | 28.7% | 19.6% | ||
| Q2 25 | 28.8% | 18.7% | ||
| Q1 25 | 28.9% | 20.6% | ||
| Q4 24 | 27.9% | 21.4% | ||
| Q3 24 | 28.7% | 22.3% | ||
| Q2 24 | 29.6% | 21.2% | ||
| Q1 24 | 29.4% | 23.0% |
| Q4 25 | 9.1% | 7.4% | ||
| Q3 25 | 10.6% | 10.7% | ||
| Q2 25 | 11.5% | 8.8% | ||
| Q1 25 | 10.6% | 10.5% | ||
| Q4 24 | 11.0% | 11.4% | ||
| Q3 24 | 11.0% | 12.6% | ||
| Q2 24 | 10.7% | 14.5% | ||
| Q1 24 | 10.9% | 12.4% |
| Q4 25 | 7.3% | 3.4% | ||
| Q3 25 | 7.5% | 6.5% | ||
| Q2 25 | 8.5% | 4.7% | ||
| Q1 25 | 7.7% | 6.0% | ||
| Q4 24 | 8.0% | 6.6% | ||
| Q3 24 | 8.3% | 7.5% | ||
| Q2 24 | 7.9% | 8.5% | ||
| Q1 24 | 8.0% | 7.3% |
| Q4 25 | $2.16 | $0.24 | ||
| Q3 25 | $2.13 | $0.48 | ||
| Q2 25 | $2.41 | $0.34 | ||
| Q1 25 | $2.09 | $0.42 | ||
| Q4 24 | $2.17 | $0.46 | ||
| Q3 24 | $2.25 | $0.55 | ||
| Q2 24 | $2.18 | $0.62 | ||
| Q1 24 | $2.13 | $0.53 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $202.8M | $261.0M |
| Total DebtLower is stronger | $3.2B | $5.0B |
| Stockholders' EquityBook value | $2.2B | $3.3B |
| Total Assets | $8.8B | $11.8B |
| Debt / EquityLower = less leverage | 1.43× | 1.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $202.8M | $261.0M | ||
| Q3 25 | $536.3M | $120.0M | ||
| Q2 25 | $215.9M | $120.0M | ||
| Q1 25 | $195.9M | $129.0M | ||
| Q4 24 | $329.1M | $157.0M | ||
| Q3 24 | $212.7M | $126.0M | ||
| Q2 24 | $208.8M | $125.0M | ||
| Q1 24 | $185.7M | $136.0M |
| Q4 25 | $3.2B | $5.0B | ||
| Q3 25 | $3.2B | $5.5B | ||
| Q2 25 | $2.6B | $5.4B | ||
| Q1 25 | $2.6B | $5.7B | ||
| Q4 24 | $2.6B | $5.1B | ||
| Q3 24 | $2.0B | $5.4B | ||
| Q2 24 | $2.0B | $4.9B | ||
| Q1 24 | $2.1B | $4.9B |
| Q4 25 | $2.2B | $3.3B | ||
| Q3 25 | $2.2B | $3.3B | ||
| Q2 25 | $2.2B | $3.2B | ||
| Q1 25 | $2.2B | $3.2B | ||
| Q4 24 | $2.3B | $3.0B | ||
| Q3 24 | $2.4B | $3.0B | ||
| Q2 24 | $2.3B | $2.8B | ||
| Q1 24 | $2.2B | $2.9B |
| Q4 25 | $8.8B | $11.8B | ||
| Q3 25 | $8.9B | $11.9B | ||
| Q2 25 | $8.6B | $11.8B | ||
| Q1 25 | $8.4B | $11.5B | ||
| Q4 24 | $8.4B | $11.1B | ||
| Q3 24 | $8.5B | $11.2B | ||
| Q2 24 | $8.3B | $10.8B | ||
| Q1 24 | $8.3B | $11.3B |
| Q4 25 | 1.43× | 1.51× | ||
| Q3 25 | 1.45× | 1.67× | ||
| Q2 25 | 1.19× | 1.68× | ||
| Q1 25 | 1.19× | 1.80× | ||
| Q4 24 | 1.11× | 1.71× | ||
| Q3 24 | 0.85× | 1.79× | ||
| Q2 24 | 0.89× | 1.75× | ||
| Q1 24 | 0.94× | 1.73× |
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 | $376.8M | $521.0M |
| Free Cash FlowOCF − Capex | $309.7M | — |
| FCF MarginFCF / Revenue | 13.6% | — |
| Capex IntensityCapex / Revenue | 3.0% | — |
| Cash ConversionOCF / Net Profit | 2.26× | 7.34× |
| TTM Free Cash FlowTrailing 4 quarters | $712.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $376.8M | $521.0M | ||
| Q3 25 | $312.1M | $227.0M | ||
| Q2 25 | $208.8M | $267.0M | ||
| Q1 25 | $-16.3M | $-174.0M | ||
| Q4 24 | $351.2M | $489.0M | ||
| Q3 24 | $270.1M | $187.0M | ||
| Q2 24 | $197.7M | $161.0M | ||
| Q1 24 | $119.8M | $3.0M |
| 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 24 | $71.0M | — |
| 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 24 | 3.3% | — |
| 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 24 | 2.3% | — |
| Q4 25 | 2.26× | 7.34× | ||
| Q3 25 | 1.88× | 1.60× | ||
| Q2 25 | 1.10× | 2.57× | ||
| Q1 25 | -0.10× | -1.37× | ||
| Q4 24 | 2.02× | 3.54× | ||
| Q3 24 | 1.49× | 1.13× | ||
| Q2 24 | 1.12× | 0.85× | ||
| Q1 24 | 0.69× | 0.02× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AVY
| Other | $1.1B | 47% |
| Materials Group Segment | $475.0M | 21% |
| Apparel And Other | $460.8M | 20% |
| Identification Solutions And Vestcom | $263.4M | 12% |
GPK
Segment breakdown not available.
