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Side-by-side financial comparison of Avery Dennison (AVY) and Ranpak Holdings Corp. (PACK). Click either name above to swap in a different company.
Avery Dennison is the larger business by last-quarter revenue ($2.3B vs $93.7M, roughly 24.2× Ranpak Holdings Corp.). On growth, Avery Dennison posted the faster year-over-year revenue change (3.9% vs 2.3%). Over the past eight quarters, Ranpak Holdings Corp.'s revenue compounded faster (13.7% 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.
Ranpak Holdings Corp. manufactures machines and paper products used in protective paper-based packing for shipping goods and merchandise for e-commerce and industry, along with automation solutions. The company is based in Concord, Ohio, and has production facilities and offices in Reno, Nevada; Kansas City, Missouri; the Netherlands; Czech Republic; Shanghai and Singapore. The paper packaging material can be used for multiple applications like wrapping, cushioning, void fill and cold chain p...
AVY vs PACK — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $2.3B | $93.7M |
| Net Profit | $166.4M | — |
| Gross Margin | 28.7% | 39.0% |
| Operating Margin | 9.1% | -1.0% |
| Net Margin | 7.3% | — |
| Revenue YoY | 3.9% | 2.3% |
| Net Profit YoY | -4.4% | — |
| EPS (diluted) | $2.16 | $-0.11 |
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 | $93.7M | ||
| Q3 25 | $2.2B | $83.6M | ||
| Q2 25 | $2.2B | $77.8M | ||
| Q1 25 | $2.1B | $77.6M | ||
| Q4 24 | $2.2B | $91.6M | ||
| Q3 24 | $2.2B | $78.6M | ||
| Q2 24 | $2.2B | $72.8M | ||
| Q1 24 | $2.2B | $72.5M |
| Q4 25 | $166.4M | — | ||
| Q3 25 | $166.3M | $-10.4M | ||
| Q2 25 | $189.0M | $-7.5M | ||
| Q1 25 | $166.3M | $-10.9M | ||
| Q4 24 | $174.0M | — | ||
| Q3 24 | $181.7M | $-8.1M | ||
| Q2 24 | $176.8M | $5.5M | ||
| Q1 24 | $172.4M | $-8.1M |
| Q4 25 | 28.7% | 39.0% | ||
| Q3 25 | 28.7% | 41.1% | ||
| Q2 25 | 28.8% | 37.1% | ||
| Q1 25 | 28.9% | 39.8% | ||
| Q4 24 | 27.9% | 45.2% | ||
| Q3 24 | 28.7% | 43.8% | ||
| Q2 24 | 29.6% | 43.5% | ||
| Q1 24 | 29.4% | 44.6% |
| Q4 25 | 9.1% | -1.0% | ||
| Q3 25 | 10.6% | -6.8% | ||
| Q2 25 | 11.5% | -12.5% | ||
| Q1 25 | 10.6% | -10.3% | ||
| Q4 24 | 11.0% | 1.5% | ||
| Q3 24 | 11.0% | -5.3% | ||
| Q2 24 | 10.7% | -7.1% | ||
| Q1 24 | 10.9% | -6.6% |
| Q4 25 | 7.3% | — | ||
| Q3 25 | 7.5% | -12.4% | ||
| Q2 25 | 8.5% | -9.6% | ||
| Q1 25 | 7.7% | -14.0% | ||
| Q4 24 | 8.0% | — | ||
| Q3 24 | 8.3% | -10.3% | ||
| Q2 24 | 7.9% | 7.6% | ||
| Q1 24 | 8.0% | -11.2% |
| Q4 25 | $2.16 | $-0.11 | ||
| Q3 25 | $2.13 | $-0.12 | ||
| Q2 25 | $2.41 | $-0.09 | ||
| Q1 25 | $2.09 | $-0.13 | ||
| Q4 24 | $2.17 | $-0.13 | ||
| Q3 24 | $2.25 | $-0.10 | ||
| Q2 24 | $2.18 | $0.07 | ||
| Q1 24 | $2.13 | $-0.10 |
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 | $63.0M |
| Total DebtLower is stronger | $3.2B | $401.9M |
| Stockholders' EquityBook value | $2.2B | $534.9M |
| Total Assets | $8.8B | $1.1B |
| Debt / EquityLower = less leverage | 1.43× | 0.75× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $202.8M | $63.0M | ||
| Q3 25 | $536.3M | $49.9M | ||
| Q2 25 | $215.9M | $49.2M | ||
| Q1 25 | $195.9M | $65.5M | ||
| Q4 24 | $329.1M | $76.1M | ||
| Q3 24 | $212.7M | $69.5M | ||
| Q2 24 | $208.8M | $65.1M | ||
| Q1 24 | $185.7M | $55.1M |
| Q4 25 | $3.2B | $401.9M | ||
| Q3 25 | $3.2B | $403.1M | ||
| Q2 25 | $2.6B | $403.1M | ||
| Q1 25 | $2.6B | $405.2M | ||
| Q4 24 | $2.6B | $406.4M | ||
| Q3 24 | $2.0B | $403.2M | ||
| Q2 24 | $2.0B | $396.1M | ||
| Q1 24 | $2.1B | $396.7M |
| Q4 25 | $2.2B | $534.9M | ||
| Q3 25 | $2.2B | $537.8M | ||
| Q2 25 | $2.2B | $539.0M | ||
| Q1 25 | $2.2B | $544.1M | ||
| Q4 24 | $2.3B | $548.1M | ||
| Q3 24 | $2.4B | $564.3M | ||
| Q2 24 | $2.3B | $566.2M | ||
| Q1 24 | $2.2B | $560.0M |
| Q4 25 | $8.8B | $1.1B | ||
| Q3 25 | $8.9B | $1.1B | ||
| Q2 25 | $8.6B | $1.1B | ||
| Q1 25 | $8.4B | $1.1B | ||
| Q4 24 | $8.4B | $1.1B | ||
| Q3 24 | $8.5B | $1.1B | ||
| Q2 24 | $8.3B | $1.1B | ||
| Q1 24 | $8.3B | $1.1B |
| Q4 25 | 1.43× | 0.75× | ||
| Q3 25 | 1.45× | 0.75× | ||
| Q2 25 | 1.19× | 0.75× | ||
| Q1 25 | 1.19× | 0.74× | ||
| Q4 24 | 1.11× | 0.74× | ||
| Q3 24 | 0.85× | 0.71× | ||
| Q2 24 | 0.89× | 0.70× | ||
| Q1 24 | 0.94× | 0.71× |
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 | $19.5M |
| 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 | $19.5M | ||
| Q3 25 | $312.1M | $8.5M | ||
| Q2 25 | $208.8M | $-3.6M | ||
| Q1 25 | $-16.3M | $-1.3M | ||
| Q4 24 | $351.2M | $6.5M | ||
| Q3 24 | $270.1M | $10.1M | ||
| Q2 24 | $197.7M | $19.6M | ||
| Q1 24 | $119.8M | $5.2M |
| 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× | — | ||
| Q2 25 | 1.10× | — | ||
| Q1 25 | -0.10× | — | ||
| Q4 24 | 2.02× | — | ||
| Q3 24 | 1.49× | — | ||
| Q2 24 | 1.12× | 3.56× | ||
| Q1 24 | 0.69× | — |
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% |
PACK
Segment breakdown not available.
