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Side-by-side financial comparison of Avery Dennison (AVY) and Royal Caribbean Group (RCL). Click either name above to swap in a different company.
Royal Caribbean Group is the larger business by last-quarter revenue ($4.5B vs $2.3B, roughly 1.9× Avery Dennison). Royal Caribbean Group runs the higher net margin — 21.3% vs 7.3%, a 14.0% gap on every dollar of revenue. On growth, Royal Caribbean Group posted the faster year-over-year revenue change (11.3% vs 7.0%). Over the past eight quarters, Royal Caribbean Group's revenue compounded faster (4.1% 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.
Royal Caribbean Group, formerly known as Royal Caribbean Cruises Ltd., is a cruise holding company headquartered in Miami, Florida, United States and incorporated in Liberia. It is the world's second-largest cruise line operator, after Carnival Corporation & plc. As of September 2025, Royal Caribbean Group fully owns three cruise lines: Royal Caribbean International, Celebrity Cruises, and Silversea Cruises. It also holds a 50% stake in TUI Cruises, which operates Mein Schiff and Hapag-Lloyd ...
AVY vs RCL — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.3B | $4.5B |
| Net Profit | $168.1M | $950.0M |
| Gross Margin | 28.9% | — |
| Operating Margin | 10.7% | 26.1% |
| Net Margin | 7.3% | 21.3% |
| Revenue YoY | 7.0% | 11.3% |
| Net Profit YoY | 1.1% | 29.1% |
| EPS (diluted) | — | $3.48 |
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 | $4.5B | ||
| Q4 25 | $2.3B | $4.3B | ||
| Q3 25 | $2.2B | $5.1B | ||
| Q2 25 | $2.2B | $4.5B | ||
| Q1 25 | $2.1B | $4.0B | ||
| Q4 24 | $2.2B | $3.8B | ||
| Q3 24 | $2.2B | $4.9B | ||
| Q2 24 | $2.2B | $4.1B |
| Q1 26 | $168.1M | $950.0M | ||
| Q4 25 | $166.4M | $753.0M | ||
| Q3 25 | $166.3M | $1.6B | ||
| Q2 25 | $189.0M | $1.2B | ||
| Q1 25 | $166.3M | $730.0M | ||
| Q4 24 | $174.0M | $552.0M | ||
| Q3 24 | $181.7M | $1.1B | ||
| Q2 24 | $176.8M | $854.0M |
| Q1 26 | 28.9% | — | ||
| Q4 25 | 28.7% | 47.4% | ||
| Q3 25 | 28.7% | 51.8% | ||
| Q2 25 | 28.8% | 49.7% | ||
| Q1 25 | 28.9% | 48.0% | ||
| Q4 24 | 27.9% | 45.4% | ||
| Q3 24 | 28.7% | 51.1% | ||
| Q2 24 | 29.6% | 47.6% |
| Q1 26 | 10.7% | 26.1% | ||
| Q4 25 | 9.1% | 21.9% | ||
| Q3 25 | 10.6% | 33.1% | ||
| Q2 25 | 11.5% | 29.3% | ||
| Q1 25 | 10.6% | 23.6% | ||
| Q4 24 | 11.0% | 16.6% | ||
| Q3 24 | 11.0% | 33.4% | ||
| Q2 24 | 10.7% | 26.7% |
| Q1 26 | 7.3% | 21.3% | ||
| Q4 25 | 7.3% | 17.7% | ||
| Q3 25 | 7.5% | 30.6% | ||
| Q2 25 | 8.5% | 26.7% | ||
| Q1 25 | 7.7% | 18.3% | ||
| Q4 24 | 8.0% | 14.7% | ||
| Q3 24 | 8.3% | 22.7% | ||
| Q2 24 | 7.9% | 20.8% |
| Q1 26 | — | $3.48 | ||
| Q4 25 | $2.16 | $2.76 | ||
| Q3 25 | $2.13 | $5.74 | ||
| Q2 25 | $2.41 | $4.41 | ||
| Q1 25 | $2.09 | $2.70 | ||
| Q4 24 | $2.17 | $2.27 | ||
| Q3 24 | $2.25 | $4.21 | ||
| Q2 24 | $2.18 | $3.11 |
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 | $512.0M |
| Total DebtLower is stronger | $3.2B | $21.1B |
| Stockholders' EquityBook value | $2.3B | $10.0B |
| Total Assets | $9.0B | $42.0B |
| Debt / EquityLower = less leverage | 1.38× | 2.11× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $255.1M | $512.0M | ||
| Q4 25 | $202.8M | $825.0M | ||
| Q3 25 | $536.3M | $432.0M | ||
| Q2 25 | $215.9M | $735.0M | ||
| Q1 25 | $195.9M | $386.0M | ||
| Q4 24 | $329.1M | $388.0M | ||
| Q3 24 | $212.7M | $418.0M | ||
| Q2 24 | $208.8M | $391.0M |
| Q1 26 | $3.2B | $21.1B | ||
| Q4 25 | $3.2B | $18.2B | ||
| Q3 25 | $3.2B | $17.2B | ||
| Q2 25 | $2.6B | $17.6B | ||
| Q1 25 | $2.6B | $18.0B | ||
| Q4 24 | $2.6B | $18.5B | ||
| Q3 24 | $2.0B | $19.0B | ||
| Q2 24 | $2.0B | $19.8B |
| Q1 26 | $2.3B | $10.0B | ||
| Q4 25 | $2.2B | $10.0B | ||
| Q3 25 | $2.2B | $10.1B | ||
| Q2 25 | $2.2B | $9.2B | ||
| Q1 25 | $2.2B | $8.0B | ||
| Q4 24 | $2.3B | $7.6B | ||
| Q3 24 | $2.4B | $7.0B | ||
| Q2 24 | $2.3B | $6.0B |
| Q1 26 | $9.0B | $42.0B | ||
| Q4 25 | $8.8B | $41.6B | ||
| Q3 25 | $8.9B | $40.1B | ||
| Q2 25 | $8.6B | $38.5B | ||
| Q1 25 | $8.4B | $37.5B | ||
| Q4 24 | $8.4B | $37.1B | ||
| Q3 24 | $8.5B | $37.1B | ||
| Q2 24 | $8.3B | $37.0B |
| Q1 26 | 1.38× | 2.11× | ||
| Q4 25 | 1.43× | 1.81× | ||
| Q3 25 | 1.45× | 1.70× | ||
| Q2 25 | 1.19× | 1.92× | ||
| Q1 25 | 1.19× | 2.26× | ||
| Q4 24 | 1.11× | 2.44× | ||
| Q3 24 | 0.85× | 2.69× | ||
| Q2 24 | 0.89× | 3.29× |
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 | — | $1.8B |
| Free Cash FlowOCF − Capex | $104.4M | — |
| FCF MarginFCF / Revenue | 4.5% | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 1.93× |
| TTM Free Cash FlowTrailing 4 quarters | $869.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.8B | ||
| Q4 25 | $376.8M | $1.6B | ||
| Q3 25 | $312.1M | $1.5B | ||
| Q2 25 | $208.8M | $1.7B | ||
| Q1 25 | $-16.3M | $1.6B | ||
| Q4 24 | $351.2M | $1.5B | ||
| Q3 24 | $270.1M | $897.0M | ||
| Q2 24 | $197.7M | $1.6B |
| Q1 26 | $104.4M | — | ||
| Q4 25 | $309.7M | $116.0M | ||
| Q3 25 | $276.2M | $-989.0M | ||
| Q2 25 | $178.8M | $910.0M | ||
| Q1 25 | $-52.3M | $1.2B | ||
| Q4 24 | $281.7M | $915.0M | ||
| Q3 24 | $227.1M | $563.0M | ||
| Q2 24 | $150.2M | $-567.0M |
| Q1 26 | 4.5% | — | ||
| Q4 25 | 13.6% | 2.7% | ||
| Q3 25 | 12.5% | -19.2% | ||
| Q2 25 | 8.1% | 20.1% | ||
| Q1 25 | -2.4% | 30.0% | ||
| Q4 24 | 12.9% | 24.3% | ||
| Q3 24 | 10.4% | 11.5% | ||
| Q2 24 | 6.7% | -13.8% |
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | 35.4% | ||
| Q3 25 | 1.6% | 47.8% | ||
| Q2 25 | 1.4% | 18.4% | ||
| Q1 25 | 1.7% | 10.7% | ||
| Q4 24 | 3.2% | 14.7% | ||
| Q3 24 | 2.0% | 6.8% | ||
| Q2 24 | 2.1% | 52.1% |
| Q1 26 | — | 1.93× | ||
| Q4 25 | 2.26× | 2.16× | ||
| Q3 25 | 1.88× | 0.93× | ||
| Q2 25 | 1.10× | 1.44× | ||
| Q1 25 | -0.10× | 2.23× | ||
| Q4 24 | 2.02× | 2.66× | ||
| Q3 24 | 1.49× | 0.81× | ||
| Q2 24 | 1.12× | 1.84× |
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% |
RCL
| Passenger ticket revenues | $3.0B | 68% |
| Onboard and other revenues | $1.4B | 32% |
