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Side-by-side financial comparison of Avery Dennison (AVY) and PACS Group, Inc. (PACS). 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 1.7× PACS Group, Inc.). Avery Dennison runs the higher net margin — 7.3% vs 4.4%, a 2.9% gap on every dollar of revenue. On growth, PACS Group, Inc. posted the faster year-over-year revenue change (18.4% vs 7.0%). Over the past eight quarters, PACS Group, Inc.'s revenue compounded faster (20.5% 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.
AVY vs PACS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.3B | $1.4B |
| Net Profit | $168.1M | $59.7M |
| Gross Margin | 28.9% | — |
| Operating Margin | 10.7% | 7.0% |
| Net Margin | 7.3% | 4.4% |
| Revenue YoY | 7.0% | 18.4% |
| Net Profit YoY | 1.1% | 3022.5% |
| EPS (diluted) | — | $0.42 |
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 | $1.3B | ||
| Q2 25 | $2.2B | $1.3B | ||
| Q1 25 | $2.1B | $1.3B | ||
| Q4 24 | $2.2B | $1.1B | ||
| Q3 24 | $2.2B | $1.0B | ||
| Q2 24 | $2.2B | $981.4M |
| Q1 26 | $168.1M | — | ||
| Q4 25 | $166.4M | $59.7M | ||
| Q3 25 | $166.3M | $52.4M | ||
| Q2 25 | $189.0M | $51.0M | ||
| Q1 25 | $166.3M | $28.5M | ||
| Q4 24 | $174.0M | $1.9M | ||
| Q3 24 | $181.7M | $15.6M | ||
| Q2 24 | $176.8M | $-10.9M |
| Q1 26 | 28.9% | — | ||
| Q4 25 | 28.7% | — | ||
| Q3 25 | 28.7% | — | ||
| Q2 25 | 28.8% | — | ||
| Q1 25 | 28.9% | — | ||
| Q4 24 | 27.9% | — | ||
| Q3 24 | 28.7% | 17.1% | ||
| Q2 24 | 29.6% | 22.3% |
| Q1 26 | 10.7% | — | ||
| Q4 25 | 9.1% | 7.0% | ||
| Q3 25 | 10.6% | 6.4% | ||
| Q2 25 | 11.5% | 6.2% | ||
| Q1 25 | 10.6% | 3.8% | ||
| Q4 24 | 11.0% | 1.7% | ||
| Q3 24 | 11.0% | 2.2% | ||
| Q2 24 | 10.7% | 0.1% |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.3% | 4.4% | ||
| Q3 25 | 7.5% | 3.9% | ||
| Q2 25 | 8.5% | 3.9% | ||
| Q1 25 | 7.7% | 2.2% | ||
| Q4 24 | 8.0% | 0.2% | ||
| Q3 24 | 8.3% | 1.5% | ||
| Q2 24 | 7.9% | -1.1% |
| Q1 26 | — | — | ||
| Q4 25 | $2.16 | $0.42 | ||
| Q3 25 | $2.13 | $0.32 | ||
| Q2 25 | $2.41 | $0.31 | ||
| Q1 25 | $2.09 | $0.17 | ||
| Q4 24 | $2.17 | $-0.03 | ||
| Q3 24 | $2.25 | $0.10 | ||
| Q2 24 | $2.18 | $-0.07 |
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 | $197.0M |
| Total DebtLower is stronger | $3.2B | $353.2M |
| Stockholders' EquityBook value | $2.3B | $946.8M |
| Total Assets | $9.0B | $5.6B |
| Debt / EquityLower = less leverage | 1.38× | 0.37× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $255.1M | — | ||
| Q4 25 | $202.8M | $197.0M | ||
| Q3 25 | $536.3M | $355.7M | ||
| Q2 25 | $215.9M | $294.2M | ||
| Q1 25 | $195.9M | $287.5M | ||
| Q4 24 | $329.1M | $157.7M | ||
| Q3 24 | $212.7M | $49.5M | ||
| Q2 24 | $208.8M | $73.4M |
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $353.2M | ||
| Q3 25 | $3.2B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.6B | — | ||
| Q4 24 | $2.6B | $411.9M | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $2.0B | — |
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.2B | $946.8M | ||
| Q3 25 | $2.2B | $871.3M | ||
| Q2 25 | $2.2B | $806.8M | ||
| Q1 25 | $2.2B | $750.2M | ||
| Q4 24 | $2.3B | $709.6M | ||
| Q3 24 | $2.4B | $660.0M | ||
| Q2 24 | $2.3B | $572.1M |
| Q1 26 | $9.0B | — | ||
| Q4 25 | $8.8B | $5.6B | ||
| Q3 25 | $8.9B | $5.6B | ||
| Q2 25 | $8.6B | $5.5B | ||
| Q1 25 | $8.4B | $5.5B | ||
| Q4 24 | $8.4B | $5.2B | ||
| Q3 24 | $8.5B | $4.5B | ||
| Q2 24 | $8.3B | $3.9B |
| Q1 26 | 1.38× | — | ||
| Q4 25 | 1.43× | 0.37× | ||
| Q3 25 | 1.45× | — | ||
| Q2 25 | 1.19× | — | ||
| Q1 25 | 1.19× | — | ||
| Q4 24 | 1.11× | 0.58× | ||
| 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 | — | $-3.4M |
| Free Cash FlowOCF − Capex | $104.4M | — |
| FCF MarginFCF / Revenue | 4.5% | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | -0.06× |
| TTM Free Cash FlowTrailing 4 quarters | $869.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $376.8M | $-3.4M | ||
| Q3 25 | $312.1M | $204.8M | ||
| Q2 25 | $208.8M | $52.6M | ||
| Q1 25 | $-16.3M | $150.2M | ||
| Q4 24 | $351.2M | $64.6M | ||
| Q3 24 | $270.1M | $209.2M | ||
| Q2 24 | $197.7M | $34.8M |
| Q1 26 | $104.4M | — | ||
| 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 26 | 4.5% | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 2.26× | -0.06× | ||
| Q3 25 | 1.88× | 3.91× | ||
| Q2 25 | 1.10× | 1.03× | ||
| Q1 25 | -0.10× | 5.28× | ||
| Q4 24 | 2.02× | 33.78× | ||
| Q3 24 | 1.49× | 13.39× | ||
| Q2 24 | 1.12× | — |
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% |
PACS
Segment breakdown not available.
