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Side-by-side financial comparison of Avery Dennison (AVY) and NACCO INDUSTRIES INC (NC). Click either name above to swap in a different company.
Avery Dennison is the larger business by last-quarter revenue ($2.3B vs $66.8M, roughly 34.0× NACCO INDUSTRIES INC). Avery Dennison runs the higher net margin — 7.3% vs -5.8%, a 13.1% gap on every dollar of revenue. On growth, Avery Dennison posted the faster year-over-year revenue change (3.9% vs -5.2%). Over the past eight quarters, NACCO INDUSTRIES INC's revenue compounded faster (11.9% 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.
NACCO Industries, Inc. is an American publicly traded holding company, headquartered in Cleveland, Ohio. Through a portfolio of mining and natural resources businesses, the company operates under three business segments: Coal Mining, North American Mining, and Minerals Management. The Coal Mining segment operates surface coal mines under long-term contracts with power generation companies and an activated carbon producer pursuant to a service-based business model. The North American Mining se...
AVY vs NC — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $2.3B | $66.8M |
| Net Profit | $166.4M | $-3.8M |
| Gross Margin | 28.7% | 18.0% |
| Operating Margin | 9.1% | 11.3% |
| Net Margin | 7.3% | -5.8% |
| Revenue YoY | 3.9% | -5.2% |
| Net Profit YoY | -4.4% | -150.8% |
| EPS (diluted) | $2.16 | $-0.53 |
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 | $66.8M | ||
| Q3 25 | $2.2B | $76.6M | ||
| Q2 25 | $2.2B | $68.2M | ||
| Q1 25 | $2.1B | $65.6M | ||
| Q4 24 | $2.2B | $70.4M | ||
| Q3 24 | $2.2B | $61.7M | ||
| Q2 24 | $2.2B | $52.3M | ||
| Q1 24 | $2.2B | $53.3M |
| Q4 25 | $166.4M | $-3.8M | ||
| Q3 25 | $166.3M | $13.3M | ||
| Q2 25 | $189.0M | $3.3M | ||
| Q1 25 | $166.3M | $4.9M | ||
| Q4 24 | $174.0M | $7.6M | ||
| Q3 24 | $181.7M | $15.6M | ||
| Q2 24 | $176.8M | $6.0M | ||
| Q1 24 | $172.4M | $4.6M |
| Q4 25 | 28.7% | 18.0% | ||
| Q3 25 | 28.7% | 13.0% | ||
| Q2 25 | 28.8% | 10.0% | ||
| Q1 25 | 28.9% | 14.7% | ||
| Q4 24 | 27.9% | 12.0% | ||
| Q3 24 | 28.7% | 11.7% | ||
| Q2 24 | 29.6% | 13.4% | ||
| Q1 24 | 29.4% | 13.2% |
| Q4 25 | 9.1% | 11.3% | ||
| Q3 25 | 10.6% | 8.8% | ||
| Q2 25 | 11.5% | -0.1% | ||
| Q1 25 | 10.6% | 11.7% | ||
| Q4 24 | 11.0% | 5.5% | ||
| Q3 24 | 11.0% | 31.9% | ||
| Q2 24 | 10.7% | 14.1% | ||
| Q1 24 | 10.9% | 8.9% |
| Q4 25 | 7.3% | -5.8% | ||
| Q3 25 | 7.5% | 17.3% | ||
| Q2 25 | 8.5% | 4.8% | ||
| Q1 25 | 7.7% | 7.5% | ||
| Q4 24 | 8.0% | 10.7% | ||
| Q3 24 | 8.3% | 25.4% | ||
| Q2 24 | 7.9% | 11.4% | ||
| Q1 24 | 8.0% | 8.6% |
| Q4 25 | $2.16 | $-0.53 | ||
| Q3 25 | $2.13 | $1.78 | ||
| Q2 25 | $2.41 | $0.44 | ||
| Q1 25 | $2.09 | $0.66 | ||
| Q4 24 | $2.17 | $0.99 | ||
| Q3 24 | $2.25 | $2.14 | ||
| Q2 24 | $2.18 | $0.81 | ||
| Q1 24 | $2.13 | $0.61 |
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 | $49.7M |
| Total DebtLower is stronger | $3.2B | $100.8M |
| Stockholders' EquityBook value | $2.2B | $429.2M |
| Total Assets | $8.8B | $661.2M |
| Debt / EquityLower = less leverage | 1.43× | 0.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $202.8M | $49.7M | ||
| Q3 25 | $536.3M | $52.7M | ||
| Q2 25 | $215.9M | $49.4M | ||
| Q1 25 | $195.9M | $61.9M | ||
| Q4 24 | $329.1M | $72.8M | ||
| Q3 24 | $212.7M | $63.1M | ||
| Q2 24 | $208.8M | $62.4M | ||
| Q1 24 | $185.7M | $61.8M |
| Q4 25 | $3.2B | $100.8M | ||
| Q3 25 | $3.2B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.6B | — | ||
| Q4 24 | $2.6B | $99.4M | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $2.0B | $29.0M | ||
| Q1 24 | $2.1B | $28.4M |
| Q4 25 | $2.2B | $429.2M | ||
| Q3 25 | $2.2B | $426.4M | ||
| Q2 25 | $2.2B | $413.1M | ||
| Q1 25 | $2.2B | $409.1M | ||
| Q4 24 | $2.3B | $404.9M | ||
| Q3 24 | $2.4B | $397.3M | ||
| Q2 24 | $2.3B | $384.1M | ||
| Q1 24 | $2.2B | $381.6M |
| Q4 25 | $8.8B | $661.2M | ||
| Q3 25 | $8.9B | $637.6M | ||
| Q2 25 | $8.6B | $631.3M | ||
| Q1 25 | $8.4B | $634.2M | ||
| Q4 24 | $8.4B | $631.7M | ||
| Q3 24 | $8.5B | $597.4M | ||
| Q2 24 | $8.3B | $560.1M | ||
| Q1 24 | $8.3B | $538.0M |
| Q4 25 | 1.43× | 0.23× | ||
| Q3 25 | 1.45× | — | ||
| Q2 25 | 1.19× | — | ||
| Q1 25 | 1.19× | — | ||
| Q4 24 | 1.11× | 0.25× | ||
| Q3 24 | 0.85× | — | ||
| Q2 24 | 0.89× | 0.08× | ||
| Q1 24 | 0.94× | 0.07× |
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 | $11.4M |
| Free Cash FlowOCF − Capex | $309.7M | — |
| FCF MarginFCF / Revenue | 13.6% | — |
| Capex IntensityCapex / Revenue | 3.0% | — |
| 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 | $11.4M | ||
| Q3 25 | $312.1M | $42.3M | ||
| Q2 25 | $208.8M | $-7.8M | ||
| Q1 25 | $-16.3M | $5.0M | ||
| Q4 24 | $351.2M | $25.2M | ||
| Q3 24 | $270.1M | $2.8M | ||
| Q2 24 | $197.7M | $4.1M | ||
| Q1 24 | $119.8M | $-9.8M |
| 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× | — | ||
| Q3 25 | 1.88× | 3.19× | ||
| Q2 25 | 1.10× | -2.39× | ||
| Q1 25 | -0.10× | 1.03× | ||
| Q4 24 | 2.02× | 3.33× | ||
| Q3 24 | 1.49× | 0.18× | ||
| Q2 24 | 1.12× | 0.68× | ||
| Q1 24 | 0.69× | -2.14× |
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% |
NC
| Transferred Over Time | $42.7M | 64% |
| Transferred At Point In Time | $24.1M | 36% |
