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Side-by-side financial comparison of Avery Dennison (AVY) and Magnera Corp (MAGN). Click either name above to swap in a different company.
Avery Dennison is the larger business by last-quarter revenue ($2.3B vs $792.0M, roughly 2.9× Magnera Corp). Avery Dennison runs the higher net margin — 7.3% vs -4.3%, a 11.6% gap on every dollar of revenue. On growth, Magnera Corp posted the faster year-over-year revenue change (12.8% vs 3.9%). Avery Dennison produced more free cash flow last quarter ($309.7M vs $-13.0M). Over the past eight quarters, Magnera Corp's revenue compounded faster (54.9% CAGR vs 2.7%).
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.
AVY vs MAGN — Head-to-Head
Income Statement — Q4 2025 vs Q1 2026
| Metric | | |
|---|---|---|
| Revenue | $2.3B | $792.0M |
| Net Profit | $166.4M | $-34.0M |
| Gross Margin | 28.7% | 12.2% |
| Operating Margin | 9.1% | 1.8% |
| Net Margin | 7.3% | -4.3% |
| Revenue YoY | 3.9% | 12.8% |
| Net Profit YoY | -4.4% | 43.3% |
| EPS (diluted) | $2.16 | $-0.95 |
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 | $792.0M | ||
| Q3 25 | $2.2B | — | ||
| Q2 25 | $2.2B | $839.0M | ||
| Q1 25 | $2.1B | $824.0M | ||
| Q4 24 | $2.2B | $702.0M | ||
| Q3 24 | $2.2B | $332.1M | ||
| Q2 24 | $2.2B | $556.0M | ||
| Q1 24 | $2.2B | $558.0M |
| Q4 25 | $166.4M | $-34.0M | ||
| Q3 25 | $166.3M | — | ||
| Q2 25 | $189.0M | $-18.0M | ||
| Q1 25 | $166.3M | $-41.0M | ||
| Q4 24 | $174.0M | $-60.0M | ||
| Q3 24 | $181.7M | $-15.2M | ||
| Q2 24 | $176.8M | $19.0M | ||
| Q1 24 | $172.4M | $14.0M |
| Q4 25 | 28.7% | 12.2% | ||
| Q3 25 | 28.7% | — | ||
| Q2 25 | 28.8% | 10.7% | ||
| Q1 25 | 28.9% | 10.7% | ||
| Q4 24 | 27.9% | 10.1% | ||
| Q3 24 | 28.7% | 10.7% | ||
| Q2 24 | 29.6% | 6.6% | ||
| Q1 24 | 29.4% | 6.2% |
| Q4 25 | 9.1% | 1.8% | ||
| Q3 25 | 10.6% | — | ||
| Q2 25 | 11.5% | 1.5% | ||
| Q1 25 | 10.6% | 0.5% | ||
| Q4 24 | 11.0% | -3.1% | ||
| Q3 24 | 11.0% | 0.9% | ||
| Q2 24 | 10.7% | 3.1% | ||
| Q1 24 | 10.9% | 3.8% |
| Q4 25 | 7.3% | -4.3% | ||
| Q3 25 | 7.5% | — | ||
| Q2 25 | 8.5% | -2.1% | ||
| Q1 25 | 7.7% | -5.0% | ||
| Q4 24 | 8.0% | -8.5% | ||
| Q3 24 | 8.3% | -4.6% | ||
| Q2 24 | 7.9% | 3.4% | ||
| Q1 24 | 8.0% | 2.5% |
| Q4 25 | $2.16 | $-0.95 | ||
| Q3 25 | $2.13 | — | ||
| Q2 25 | $2.41 | $-0.51 | ||
| Q1 25 | $2.09 | $-1.15 | ||
| Q4 24 | $2.17 | $-1.69 | ||
| Q3 24 | $2.25 | $-0.33 | ||
| Q2 24 | $2.18 | $0.60 | ||
| Q1 24 | $2.13 | $0.44 |
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 | $264.0M |
| Total DebtLower is stronger | $3.2B | $1.9B |
| Stockholders' EquityBook value | $2.2B | $1.0B |
| Total Assets | $8.8B | $3.9B |
| Debt / EquityLower = less leverage | 1.43× | 1.86× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $202.8M | $264.0M | ||
| Q3 25 | $536.3M | — | ||
| Q2 25 | $215.9M | $276.0M | ||
| Q1 25 | $195.9M | $282.0M | ||
| Q4 24 | $329.1M | $215.0M | ||
| Q3 24 | $212.7M | $230.0M | ||
| Q2 24 | $208.8M | $33.9M | ||
| Q1 24 | $185.7M | $30.2M |
| Q4 25 | $3.2B | $1.9B | ||
| Q3 25 | $3.2B | — | ||
| Q2 25 | $2.6B | $2.0B | ||
| Q1 25 | $2.6B | $2.0B | ||
| Q4 24 | $2.6B | $2.0B | ||
| Q3 24 | $2.0B | $2.0B | ||
| Q2 24 | $2.0B | $877.4M | ||
| Q1 24 | $2.1B | $884.7M |
| Q4 25 | $2.2B | $1.0B | ||
| Q3 25 | $2.2B | — | ||
| Q2 25 | $2.2B | $1.1B | ||
| Q1 25 | $2.2B | $1.1B | ||
| Q4 24 | $2.3B | $1.1B | ||
| Q3 24 | $2.4B | $2.1B | ||
| Q2 24 | $2.3B | $2.4B | ||
| Q1 24 | $2.2B | $2.4B |
| Q4 25 | $8.8B | $3.9B | ||
| Q3 25 | $8.9B | — | ||
| Q2 25 | $8.6B | $4.1B | ||
| Q1 25 | $8.4B | $4.1B | ||
| Q4 24 | $8.4B | $4.0B | ||
| Q3 24 | $8.5B | $2.8B | ||
| Q2 24 | $8.3B | $1.5B | ||
| Q1 24 | $8.3B | $1.5B |
| Q4 25 | 1.43× | 1.86× | ||
| Q3 25 | 1.45× | — | ||
| Q2 25 | 1.19× | 1.77× | ||
| Q1 25 | 1.19× | 1.83× | ||
| Q4 24 | 1.11× | 1.80× | ||
| Q3 24 | 0.85× | 0.91× | ||
| Q2 24 | 0.89× | 0.37× | ||
| Q1 24 | 0.94× | 0.36× |
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 | $2.0M |
| Free Cash FlowOCF − Capex | $309.7M | $-13.0M |
| FCF MarginFCF / Revenue | 13.6% | -1.6% |
| Capex IntensityCapex / Revenue | 3.0% | 1.9% |
| Cash ConversionOCF / Net Profit | 2.26× | — |
| TTM Free Cash FlowTrailing 4 quarters | $712.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $376.8M | $2.0M | ||
| Q3 25 | $312.1M | — | ||
| Q2 25 | $208.8M | $0 | ||
| Q1 25 | $-16.3M | $65.0M | ||
| Q4 24 | $351.2M | $-58.0M | ||
| Q3 24 | $270.1M | $12.2M | ||
| Q2 24 | $197.7M | $38.0M | ||
| Q1 24 | $119.8M | $20.0M |
| Q4 25 | $309.7M | $-13.0M | ||
| Q3 25 | $276.2M | — | ||
| Q2 25 | $178.8M | — | ||
| Q1 25 | $-52.3M | $42.0M | ||
| Q4 24 | $281.7M | $-74.0M | ||
| Q3 24 | $227.1M | $3.6M | ||
| Q2 24 | $150.2M | $23.0M | ||
| Q1 24 | $71.0M | $12.5M |
| Q4 25 | 13.6% | -1.6% | ||
| Q3 25 | 12.5% | — | ||
| Q2 25 | 8.1% | — | ||
| Q1 25 | -2.4% | 5.1% | ||
| Q4 24 | 12.9% | -10.5% | ||
| Q3 24 | 10.4% | 1.1% | ||
| Q2 24 | 6.7% | 4.1% | ||
| Q1 24 | 3.3% | 2.2% |
| Q4 25 | 3.0% | 1.9% | ||
| Q3 25 | 1.6% | — | ||
| Q2 25 | 1.4% | 1.5% | ||
| Q1 25 | 1.7% | 2.8% | ||
| Q4 24 | 3.2% | 2.3% | ||
| Q3 24 | 2.0% | 2.6% | ||
| Q2 24 | 2.1% | 2.7% | ||
| Q1 24 | 2.3% | 1.3% |
| Q4 25 | 2.26× | — | ||
| Q3 25 | 1.88× | — | ||
| Q2 25 | 1.10× | — | ||
| Q1 25 | -0.10× | — | ||
| Q4 24 | 2.02× | — | ||
| Q3 24 | 1.49× | — | ||
| Q2 24 | 1.12× | 2.00× | ||
| Q1 24 | 0.69× | 1.43× |
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% |
MAGN
Segment breakdown not available.
