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Side-by-side financial comparison of Avery Dennison (AVY) and Koppers Holdings Inc. (KOP). Click either name above to swap in a different company.
Avery Dennison is the larger business by last-quarter revenue ($2.3B vs $432.7M, roughly 5.2× Koppers Holdings Inc.). Avery Dennison runs the higher net margin — 7.3% vs 6.9%, a 0.5% gap on every dollar of revenue. On growth, Avery Dennison posted the faster year-over-year revenue change (3.9% vs -9.3%). Avery Dennison produced more free cash flow last quarter ($309.7M vs $28.5M). Over the past eight quarters, Avery Dennison's revenue compounded faster (2.7% CAGR vs -6.7%).
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.
Koppers is a global chemical and materials company based in Pittsburgh, Pennsylvania, United States. Its headquarters is an art-deco 1920s skyscraper, the Koppers Tower.
AVY vs KOP — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $2.3B | $432.7M |
| Net Profit | $166.4M | $29.7M |
| Gross Margin | 28.7% | 25.6% |
| Operating Margin | 9.1% | 11.5% |
| Net Margin | 7.3% | 6.9% |
| Revenue YoY | 3.9% | -9.3% |
| Net Profit YoY | -4.4% | 391.2% |
| EPS (diluted) | $2.16 | $1.44 |
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 | $432.7M | ||
| Q3 25 | $2.2B | $485.3M | ||
| Q2 25 | $2.2B | $504.8M | ||
| Q1 25 | $2.1B | $456.5M | ||
| Q4 24 | $2.2B | $477.0M | ||
| Q3 24 | $2.2B | $554.3M | ||
| Q2 24 | $2.2B | $563.2M | ||
| Q1 24 | $2.2B | $497.6M |
| Q4 25 | $166.4M | $29.7M | ||
| Q3 25 | $166.3M | $23.8M | ||
| Q2 25 | $189.0M | $16.4M | ||
| Q1 25 | $166.3M | $-13.9M | ||
| Q4 24 | $174.0M | $-10.2M | ||
| Q3 24 | $181.7M | $22.8M | ||
| Q2 24 | $176.8M | $26.8M | ||
| Q1 24 | $172.4M | $13.0M |
| Q4 25 | 28.7% | 25.6% | ||
| Q3 25 | 28.7% | 24.1% | ||
| Q2 25 | 28.8% | 22.6% | ||
| Q1 25 | 28.9% | 23.2% | ||
| Q4 24 | 27.9% | 17.5% | ||
| Q3 24 | 28.7% | 21.9% | ||
| Q2 24 | 29.6% | 21.6% | ||
| Q1 24 | 29.4% | 19.3% |
| Q4 25 | 9.1% | 11.5% | ||
| Q3 25 | 10.6% | 10.7% | ||
| Q2 25 | 11.5% | 7.7% | ||
| Q1 25 | 10.6% | 5.9% | ||
| Q4 24 | 11.0% | 1.3% | ||
| Q3 24 | 11.0% | 9.0% | ||
| Q2 24 | 10.7% | 10.2% | ||
| Q1 24 | 10.9% | 7.0% |
| Q4 25 | 7.3% | 6.9% | ||
| Q3 25 | 7.5% | 4.9% | ||
| Q2 25 | 8.5% | 3.2% | ||
| Q1 25 | 7.7% | -3.0% | ||
| Q4 24 | 8.0% | -2.1% | ||
| Q3 24 | 8.3% | 4.1% | ||
| Q2 24 | 7.9% | 4.8% | ||
| Q1 24 | 8.0% | 2.6% |
| Q4 25 | $2.16 | $1.44 | ||
| Q3 25 | $2.13 | $1.17 | ||
| Q2 25 | $2.41 | $0.81 | ||
| Q1 25 | $2.09 | $-0.68 | ||
| Q4 24 | $2.17 | $-0.47 | ||
| Q3 24 | $2.25 | $1.09 | ||
| Q2 24 | $2.18 | $1.25 | ||
| Q1 24 | $2.13 | $0.59 |
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 | — |
| Total DebtLower is stronger | $3.2B | $928.3M |
| Stockholders' EquityBook value | $2.2B | $574.0M |
| Total Assets | $8.8B | $1.9B |
| Debt / EquityLower = less leverage | 1.43× | 1.62× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $202.8M | — | ||
| Q3 25 | $536.3M | — | ||
| Q2 25 | $215.9M | — | ||
| Q1 25 | $195.9M | — | ||
| Q4 24 | $329.1M | — | ||
| Q3 24 | $212.7M | — | ||
| Q2 24 | $208.8M | — | ||
| Q1 24 | $185.7M | — |
| Q4 25 | $3.2B | $928.3M | ||
| Q3 25 | $3.2B | $932.9M | ||
| Q2 25 | $2.6B | $977.5M | ||
| Q1 25 | $2.6B | $989.0M | ||
| Q4 24 | $2.6B | $939.5M | ||
| Q3 24 | $2.0B | $989.4M | ||
| Q2 24 | $2.0B | $1.0B | ||
| Q1 24 | $2.1B | $877.6M |
| Q4 25 | $2.2B | $574.0M | ||
| Q3 25 | $2.2B | $545.6M | ||
| Q2 25 | $2.2B | $526.8M | ||
| Q1 25 | $2.2B | $498.0M | ||
| Q4 24 | $2.3B | $488.7M | ||
| Q3 24 | $2.4B | $532.3M | ||
| Q2 24 | $2.3B | $509.2M | ||
| Q1 24 | $2.2B | $505.8M |
| Q4 25 | $8.8B | $1.9B | ||
| Q3 25 | $8.9B | $1.9B | ||
| Q2 25 | $8.6B | $1.9B | ||
| Q1 25 | $8.4B | $1.9B | ||
| Q4 24 | $8.4B | $1.9B | ||
| Q3 24 | $8.5B | $2.0B | ||
| Q2 24 | $8.3B | $1.9B | ||
| Q1 24 | $8.3B | $1.8B |
| Q4 25 | 1.43× | 1.62× | ||
| Q3 25 | 1.45× | 1.71× | ||
| Q2 25 | 1.19× | 1.86× | ||
| Q1 25 | 1.19× | 1.99× | ||
| Q4 24 | 1.11× | 1.92× | ||
| Q3 24 | 0.85× | 1.86× | ||
| Q2 24 | 0.89× | 1.97× | ||
| Q1 24 | 0.94× | 1.74× |
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 | $45.1M |
| Free Cash FlowOCF − Capex | $309.7M | $28.5M |
| FCF MarginFCF / Revenue | 13.6% | 6.6% |
| Capex IntensityCapex / Revenue | 3.0% | 3.8% |
| Cash ConversionOCF / Net Profit | 2.26× | 1.52× |
| TTM Free Cash FlowTrailing 4 quarters | $712.4M | $67.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $376.8M | $45.1M | ||
| Q3 25 | $312.1M | $49.6M | ||
| Q2 25 | $208.8M | $50.5M | ||
| Q1 25 | $-16.3M | $-22.7M | ||
| Q4 24 | $351.2M | $74.7M | ||
| Q3 24 | $270.1M | $29.8M | ||
| Q2 24 | $197.7M | $27.2M | ||
| Q1 24 | $119.8M | $-12.3M |
| Q4 25 | $309.7M | $28.5M | ||
| Q3 25 | $276.2M | $37.6M | ||
| Q2 25 | $178.8M | $38.4M | ||
| Q1 25 | $-52.3M | $-37.0M | ||
| Q4 24 | $281.7M | $56.1M | ||
| Q3 24 | $227.1M | $14.4M | ||
| Q2 24 | $150.2M | $10.1M | ||
| Q1 24 | $71.0M | $-38.6M |
| Q4 25 | 13.6% | 6.6% | ||
| Q3 25 | 12.5% | 7.7% | ||
| Q2 25 | 8.1% | 7.6% | ||
| Q1 25 | -2.4% | -8.1% | ||
| Q4 24 | 12.9% | 11.8% | ||
| Q3 24 | 10.4% | 2.6% | ||
| Q2 24 | 6.7% | 1.8% | ||
| Q1 24 | 3.3% | -7.8% |
| Q4 25 | 3.0% | 3.8% | ||
| Q3 25 | 1.6% | 2.5% | ||
| Q2 25 | 1.4% | 2.4% | ||
| Q1 25 | 1.7% | 3.1% | ||
| Q4 24 | 3.2% | 3.9% | ||
| Q3 24 | 2.0% | 2.8% | ||
| Q2 24 | 2.1% | 3.0% | ||
| Q1 24 | 2.3% | 5.3% |
| Q4 25 | 2.26× | 1.52× | ||
| Q3 25 | 1.88× | 2.08× | ||
| Q2 25 | 1.10× | 3.08× | ||
| Q1 25 | -0.10× | — | ||
| Q4 24 | 2.02× | — | ||
| Q3 24 | 1.49× | 1.31× | ||
| Q2 24 | 1.12× | 1.01× | ||
| Q1 24 | 0.69× | -0.95× |
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% |
KOP
| Other | $127.8M | 30% |
| Railroad Treated Products | $119.0M | 28% |
| Utility Poles | $79.8M | 18% |
| Pitch And Related Products | $74.1M | 17% |
| Carbon Black Feedstock And Distillates | $14.4M | 3% |
| Railroad Infrastructure Products And Services | $9.9M | 2% |
| Phthalic Anhydride Naphthalene And Other Chemicals | $7.7M | 2% |
