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Side-by-side financial comparison of Avery Dennison (AVY) and KeyCorp (KEY). Click either name above to swap in a different company.
Avery Dennison is the larger business by last-quarter revenue ($2.3B vs $2.0B, roughly 1.1× KeyCorp). KeyCorp runs the higher net margin — 25.4% vs 7.3%, a 18.1% gap on every dollar of revenue. On growth, KeyCorp posted the faster year-over-year revenue change (131.8% vs 7.0%). KeyCorp produced more free cash flow last quarter ($2.1B vs $104.4M). Over the past eight quarters, KeyCorp's revenue compounded faster (14.4% 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.
Key is a Japanese visual novel studio known for making dramatic and plot-oriented titles. It was formed on July 21, 1998, as a brand under the publisher Visual Arts, and is located in Kita, Osaka.
AVY vs KEY — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.3B | $2.0B |
| Net Profit | $168.1M | $510.0M |
| Gross Margin | 28.9% | — |
| Operating Margin | 10.7% | 32.3% |
| Net Margin | 7.3% | 25.4% |
| Revenue YoY | 7.0% | 131.8% |
| Net Profit YoY | 1.1% | 309.0% |
| EPS (diluted) | — | $0.43 |
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 | $2.0B | ||
| Q3 25 | $2.2B | $1.9B | ||
| Q2 25 | $2.2B | $1.8B | ||
| Q1 25 | $2.1B | $1.8B | ||
| Q4 24 | $2.2B | $865.0M | ||
| Q3 24 | $2.2B | $695.0M | ||
| Q2 24 | $2.2B | $1.5B |
| Q1 26 | $168.1M | — | ||
| Q4 25 | $166.4M | $510.0M | ||
| Q3 25 | $166.3M | $489.0M | ||
| Q2 25 | $189.0M | $425.0M | ||
| Q1 25 | $166.3M | $405.0M | ||
| Q4 24 | $174.0M | $-244.0M | ||
| Q3 24 | $181.7M | $-410.0M | ||
| Q2 24 | $176.8M | $274.0M |
| 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% | 32.3% | ||
| Q3 25 | 10.6% | 31.8% | ||
| Q2 25 | 11.5% | 29.3% | ||
| Q1 25 | 10.6% | 29.0% | ||
| Q4 24 | 11.0% | -92.6% | ||
| Q3 24 | 11.0% | -72.8% | ||
| Q2 24 | 10.7% | 22.0% |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.3% | 25.4% | ||
| Q3 25 | 7.5% | 25.8% | ||
| Q2 25 | 8.5% | 23.1% | ||
| Q1 25 | 7.7% | 22.8% | ||
| Q4 24 | 8.0% | -54.7% | ||
| Q3 24 | 8.3% | -59.0% | ||
| Q2 24 | 7.9% | 18.0% |
| Q1 26 | — | — | ||
| Q4 25 | $2.16 | $0.43 | ||
| Q3 25 | $2.13 | $0.41 | ||
| Q2 25 | $2.41 | $0.35 | ||
| Q1 25 | $2.09 | $0.33 | ||
| Q4 24 | $2.17 | $-0.30 | ||
| Q3 24 | $2.25 | $-0.47 | ||
| Q2 24 | $2.18 | $0.25 |
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 | $10.2B |
| Total DebtLower is stronger | $3.2B | $9.9B |
| Stockholders' EquityBook value | $2.3B | $20.4B |
| Total Assets | $9.0B | $184.4B |
| Debt / EquityLower = less leverage | 1.38× | 0.49× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $255.1M | — | ||
| Q4 25 | $202.8M | $10.2B | ||
| Q3 25 | $536.3M | $13.3B | ||
| Q2 25 | $215.9M | $11.6B | ||
| Q1 25 | $195.9M | $15.3B | ||
| Q4 24 | $329.1M | $17.5B | ||
| Q3 24 | $212.7M | $22.8B | ||
| Q2 24 | $208.8M | $15.5B |
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $9.9B | ||
| Q3 25 | $3.2B | $10.9B | ||
| Q2 25 | $2.6B | $12.1B | ||
| Q1 25 | $2.6B | $12.4B | ||
| Q4 24 | $2.6B | $12.1B | ||
| Q3 24 | $2.0B | $15.7B | ||
| Q2 24 | $2.0B | $16.9B |
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.2B | $20.4B | ||
| Q3 25 | $2.2B | $20.1B | ||
| Q2 25 | $2.2B | $19.5B | ||
| Q1 25 | $2.2B | $19.0B | ||
| Q4 24 | $2.3B | $18.2B | ||
| Q3 24 | $2.4B | $16.9B | ||
| Q2 24 | $2.3B | $14.8B |
| Q1 26 | $9.0B | — | ||
| Q4 25 | $8.8B | $184.4B | ||
| Q3 25 | $8.9B | $187.4B | ||
| Q2 25 | $8.6B | $185.5B | ||
| Q1 25 | $8.4B | $188.7B | ||
| Q4 24 | $8.4B | $187.2B | ||
| Q3 24 | $8.5B | $189.8B | ||
| Q2 24 | $8.3B | $187.4B |
| Q1 26 | 1.38× | — | ||
| Q4 25 | 1.43× | 0.49× | ||
| Q3 25 | 1.45× | 0.54× | ||
| Q2 25 | 1.19× | 0.62× | ||
| Q1 25 | 1.19× | 0.65× | ||
| Q4 24 | 1.11× | 0.67× | ||
| Q3 24 | 0.85× | 0.93× | ||
| Q2 24 | 0.89× | 1.14× |
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 | — | $2.2B |
| Free Cash FlowOCF − Capex | $104.4M | $2.1B |
| FCF MarginFCF / Revenue | 4.5% | 104.8% |
| Capex IntensityCapex / Revenue | — | 5.3% |
| Cash ConversionOCF / Net Profit | — | 4.33× |
| TTM Free Cash FlowTrailing 4 quarters | $869.1M | $3.5B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $376.8M | $2.2B | ||
| Q3 25 | $312.1M | $396.0M | ||
| Q2 25 | $208.8M | $1.2B | ||
| Q1 25 | $-16.3M | $-140.0M | ||
| Q4 24 | $351.2M | $664.0M | ||
| Q3 24 | $270.1M | $-1.2B | ||
| Q2 24 | $197.7M | $-217.0M |
| Q1 26 | $104.4M | — | ||
| Q4 25 | $309.7M | $2.1B | ||
| Q3 25 | $276.2M | $367.0M | ||
| Q2 25 | $178.8M | $1.2B | ||
| Q1 25 | $-52.3M | $-150.0M | ||
| Q4 24 | $281.7M | $599.0M | ||
| Q3 24 | $227.1M | $-1.2B | ||
| Q2 24 | $150.2M | $-230.0M |
| Q1 26 | 4.5% | — | ||
| Q4 25 | 13.6% | 104.8% | ||
| Q3 25 | 12.5% | 19.4% | ||
| Q2 25 | 8.1% | 65.8% | ||
| Q1 25 | -2.4% | -8.5% | ||
| Q4 24 | 12.9% | 69.2% | ||
| Q3 24 | 10.4% | -175.8% | ||
| Q2 24 | 6.7% | -15.1% |
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | 5.3% | ||
| Q3 25 | 1.6% | 1.5% | ||
| Q2 25 | 1.4% | 1.3% | ||
| Q1 25 | 1.7% | 0.6% | ||
| Q4 24 | 3.2% | 7.5% | ||
| Q3 24 | 2.0% | 2.4% | ||
| Q2 24 | 2.1% | 0.9% |
| Q1 26 | — | — | ||
| Q4 25 | 2.26× | 4.33× | ||
| Q3 25 | 1.88× | 0.81× | ||
| Q2 25 | 1.10× | 2.90× | ||
| Q1 25 | -0.10× | -0.35× | ||
| Q4 24 | 2.02× | — | ||
| Q3 24 | 1.49× | — | ||
| Q2 24 | 1.12× | -0.79× |
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% |
KEY
Segment breakdown not available.
