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Side-by-side financial comparison of Avery Dennison (AVY) and LOGITECH INTERNATIONAL S.A. (LOGI). Click either name above to swap in a different company.
Avery Dennison is the larger business by last-quarter revenue ($2.3B vs $1.4B, roughly 1.6× LOGITECH INTERNATIONAL S.A.). LOGITECH INTERNATIONAL S.A. runs the higher net margin — 17.7% vs 7.3%, a 10.3% gap on every dollar of revenue. On growth, Avery Dennison posted the faster year-over-year revenue change (7.0% vs 6.1%). LOGITECH INTERNATIONAL S.A. produced more free cash flow last quarter ($465.6M vs $104.4M). Over the past eight quarters, LOGITECH INTERNATIONAL S.A.'s revenue compounded faster (18.5% 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.
Logitech International S.A. is a Swiss multinational manufacturer of computer peripherals and software. Headquartered in Lausanne, Switzerland, the company has offices throughout Europe, Asia, Oceania, and the Americas. It is a component of the Swiss Market Index, and is listed on the Nasdaq.
AVY vs LOGI — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.3B | $1.4B |
| Net Profit | $168.1M | $251.0M |
| Gross Margin | 28.9% | 43.2% |
| Operating Margin | 10.7% | 20.1% |
| Net Margin | 7.3% | 17.7% |
| Revenue YoY | 7.0% | 6.1% |
| Net Profit YoY | 1.1% | 25.4% |
| EPS (diluted) | — | $1.69 |
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 | $1.4B | ||
| Q3 25 | $2.2B | $1.2B | ||
| Q2 25 | $2.2B | $1.1B | ||
| Q1 25 | $2.1B | $1.0B | ||
| Q4 24 | $2.2B | $1.3B | ||
| Q3 24 | $2.2B | $1.1B | ||
| Q2 24 | $2.2B | $1.1B |
| Q1 26 | $168.1M | — | ||
| Q4 25 | $166.4M | $251.0M | ||
| Q3 25 | $166.3M | $170.7M | ||
| Q2 25 | $189.0M | $146.0M | ||
| Q1 25 | $166.3M | $144.1M | ||
| Q4 24 | $174.0M | $200.1M | ||
| Q3 24 | $181.7M | $145.5M | ||
| Q2 24 | $176.8M | $141.8M |
| Q1 26 | 28.9% | — | ||
| Q4 25 | 28.7% | 43.2% | ||
| Q3 25 | 28.7% | 43.4% | ||
| Q2 25 | 28.8% | 41.7% | ||
| Q1 25 | 28.9% | 43.1% | ||
| Q4 24 | 27.9% | 42.9% | ||
| Q3 24 | 28.7% | 43.6% | ||
| Q2 24 | 29.6% | 42.8% |
| Q1 26 | 10.7% | — | ||
| Q4 25 | 9.1% | 20.1% | ||
| Q3 25 | 10.6% | 16.1% | ||
| Q2 25 | 11.5% | 14.1% | ||
| Q1 25 | 10.6% | 10.5% | ||
| Q4 24 | 11.0% | 17.5% | ||
| Q3 24 | 11.0% | 14.4% | ||
| Q2 24 | 10.7% | 14.1% |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.3% | 17.7% | ||
| Q3 25 | 7.5% | 14.4% | ||
| Q2 25 | 8.5% | 12.7% | ||
| Q1 25 | 7.7% | 14.3% | ||
| Q4 24 | 8.0% | 14.9% | ||
| Q3 24 | 8.3% | 13.0% | ||
| Q2 24 | 7.9% | 13.0% |
| Q1 26 | — | — | ||
| Q4 25 | $2.16 | $1.69 | ||
| Q3 25 | $2.13 | $1.15 | ||
| Q2 25 | $2.41 | $0.98 | ||
| Q1 25 | $2.09 | $0.94 | ||
| Q4 24 | $2.17 | $1.32 | ||
| Q3 24 | $2.25 | $0.95 | ||
| Q2 24 | $2.18 | $0.92 |
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 | $1.8B |
| Total DebtLower is stronger | $3.2B | — |
| Stockholders' EquityBook value | $2.3B | $2.3B |
| Total Assets | $9.0B | $4.1B |
| Debt / EquityLower = less leverage | 1.38× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $255.1M | — | ||
| Q4 25 | $202.8M | $1.8B | ||
| Q3 25 | $536.3M | $1.4B | ||
| Q2 25 | $215.9M | $1.5B | ||
| Q1 25 | $195.9M | $1.5B | ||
| Q4 24 | $329.1M | $1.5B | ||
| Q3 24 | $212.7M | $1.4B | ||
| Q2 24 | $208.8M | $1.5B |
| 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 | $2.3B | ||
| Q3 25 | $2.2B | $2.1B | ||
| Q2 25 | $2.2B | $2.2B | ||
| Q1 25 | $2.2B | $2.1B | ||
| Q4 24 | $2.3B | $2.1B | ||
| Q3 24 | $2.4B | $2.1B | ||
| Q2 24 | $2.3B | $2.2B |
| Q1 26 | $9.0B | — | ||
| Q4 25 | $8.8B | $4.1B | ||
| Q3 25 | $8.9B | $3.7B | ||
| Q2 25 | $8.6B | $3.7B | ||
| Q1 25 | $8.4B | $3.5B | ||
| Q4 24 | $8.4B | $3.7B | ||
| Q3 24 | $8.5B | $3.6B | ||
| Q2 24 | $8.3B | $3.7B |
| 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 | — | $480.5M |
| Free Cash FlowOCF − Capex | $104.4M | $465.6M |
| FCF MarginFCF / Revenue | 4.5% | 32.8% |
| Capex IntensityCapex / Revenue | — | 1.0% |
| Cash ConversionOCF / Net Profit | — | 1.91× |
| TTM Free Cash FlowTrailing 4 quarters | $869.1M | $903.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $376.8M | $480.5M | ||
| Q3 25 | $312.1M | $228.8M | ||
| Q2 25 | $208.8M | $125.0M | ||
| Q1 25 | $-16.3M | $129.7M | ||
| Q4 24 | $351.2M | $370.9M | ||
| Q3 24 | $270.1M | $166.0M | ||
| Q2 24 | $197.7M | $176.0M |
| Q1 26 | $104.4M | — | ||
| Q4 25 | $309.7M | $465.6M | ||
| Q3 25 | $276.2M | $212.3M | ||
| Q2 25 | $178.8M | $108.8M | ||
| Q1 25 | $-52.3M | $116.9M | ||
| Q4 24 | $281.7M | $356.6M | ||
| Q3 24 | $227.1M | $151.5M | ||
| Q2 24 | $150.2M | $161.4M |
| Q1 26 | 4.5% | — | ||
| Q4 25 | 13.6% | 32.8% | ||
| Q3 25 | 12.5% | 17.9% | ||
| Q2 25 | 8.1% | 9.5% | ||
| Q1 25 | -2.4% | 11.6% | ||
| Q4 24 | 12.9% | 26.6% | ||
| Q3 24 | 10.4% | 13.6% | ||
| Q2 24 | 6.7% | 14.8% |
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | 1.0% | ||
| Q3 25 | 1.6% | 1.4% | ||
| Q2 25 | 1.4% | 1.4% | ||
| Q1 25 | 1.7% | 1.3% | ||
| Q4 24 | 3.2% | 1.1% | ||
| Q3 24 | 2.0% | 1.3% | ||
| Q2 24 | 2.1% | 1.3% |
| Q1 26 | — | — | ||
| Q4 25 | 2.26× | 1.91× | ||
| Q3 25 | 1.88× | 1.34× | ||
| Q2 25 | 1.10× | 0.86× | ||
| Q1 25 | -0.10× | 0.90× | ||
| Q4 24 | 2.02× | 1.85× | ||
| Q3 24 | 1.49× | 1.14× | ||
| Q2 24 | 1.12× | 1.24× |
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% |
LOGI
| Retail Gaming | $482.7M | 34% |
| Retail Keyboards Desktops | $254.6M | 18% |
| Retail Pointing Devices | $241.2M | 17% |
| Retail Video Collaboration | $193.3M | 14% |
| Retail Tablet And Other Accessories | $93.6M | 7% |
| Retail Webcams | $82.3M | 6% |
| Retail Headsets | $45.9M | 3% |
| Other Retail Products | $28.0M | 2% |
