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Side-by-side financial comparison of Avery Dennison (AVY) and RESIDEO TECHNOLOGIES, INC. (REZI). Click either name above to swap in a different company.
Avery Dennison is the larger business by last-quarter revenue ($2.3B vs $1.9B, roughly 1.2× RESIDEO TECHNOLOGIES, INC.). Avery Dennison runs the higher net margin — 7.3% vs 7.2%, a 0.1% gap on every dollar of revenue. On growth, Avery Dennison posted the faster year-over-year revenue change (7.0% vs 2.0%). RESIDEO TECHNOLOGIES, INC. produced more free cash flow last quarter ($262.0M vs $104.4M). Over the past eight quarters, RESIDEO TECHNOLOGIES, INC.'s revenue compounded faster (12.9% 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.
Resideo Technologies, Inc. is an American multinational company that was formed in 2018 out of a spin-off from Honeywell. It provides room air temperature, quality, and humidity control and security systems primarily in residential dwellings in the U.S. and internationally. The company operates in two segments: products and distribution. It manufactures and distributes smart-home and software products, including temperature and lighting control, security, and water and air monitoring. The com...
AVY vs REZI — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.3B | $1.9B |
| Net Profit | $168.1M | $136.0M |
| Gross Margin | 28.9% | 29.6% |
| Operating Margin | 10.7% | 7.4% |
| Net Margin | 7.3% | 7.2% |
| Revenue YoY | 7.0% | 2.0% |
| Net Profit YoY | 1.1% | 491.3% |
| EPS (diluted) | — | $0.99 |
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 | $1.9B | ||
| Q3 25 | $2.2B | $1.9B | ||
| Q2 25 | $2.2B | $1.9B | ||
| Q1 25 | $2.1B | $1.8B | ||
| Q4 24 | $2.2B | $1.9B | ||
| Q3 24 | $2.2B | $1.8B | ||
| Q2 24 | $2.2B | $1.6B |
| Q1 26 | $168.1M | — | ||
| Q4 25 | $166.4M | $136.0M | ||
| Q3 25 | $166.3M | $156.0M | ||
| Q2 25 | $189.0M | $-825.0M | ||
| Q1 25 | $166.3M | $6.0M | ||
| Q4 24 | $174.0M | $23.0M | ||
| Q3 24 | $181.7M | $20.0M | ||
| Q2 24 | $176.8M | $30.0M |
| Q1 26 | 28.9% | — | ||
| Q4 25 | 28.7% | 29.6% | ||
| Q3 25 | 28.7% | 29.8% | ||
| Q2 25 | 28.8% | 29.3% | ||
| Q1 25 | 28.9% | 28.9% | ||
| Q4 24 | 27.9% | 28.5% | ||
| Q3 24 | 28.7% | 28.7% | ||
| Q2 24 | 29.6% | 28.1% |
| Q1 26 | 10.7% | — | ||
| Q4 25 | 9.1% | 7.4% | ||
| Q3 25 | 10.6% | 8.3% | ||
| Q2 25 | 11.5% | 9.1% | ||
| Q1 25 | 10.6% | 7.7% | ||
| Q4 24 | 11.0% | 7.8% | ||
| Q3 24 | 11.0% | 6.9% | ||
| Q2 24 | 10.7% | 7.7% |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.3% | 7.2% | ||
| Q3 25 | 7.5% | 8.4% | ||
| Q2 25 | 8.5% | -42.5% | ||
| Q1 25 | 7.7% | 0.3% | ||
| Q4 24 | 8.0% | 1.2% | ||
| Q3 24 | 8.3% | 1.1% | ||
| Q2 24 | 7.9% | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | $2.16 | $0.99 | ||
| Q3 25 | $2.13 | $0.85 | ||
| Q2 25 | $2.41 | $-5.59 | ||
| Q1 25 | $2.09 | $-0.02 | ||
| Q4 24 | $2.17 | $0.06 | ||
| Q3 24 | $2.25 | $0.07 | ||
| Q2 24 | $2.18 | $0.19 |
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 | $661.0M |
| Total DebtLower is stronger | $3.2B | $3.2B |
| Stockholders' EquityBook value | $2.3B | $2.9B |
| Total Assets | $9.0B | $8.4B |
| Debt / EquityLower = less leverage | 1.38× | 1.11× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $255.1M | — | ||
| Q4 25 | $202.8M | $661.0M | ||
| Q3 25 | $536.3M | $345.0M | ||
| Q2 25 | $215.9M | $753.0M | ||
| Q1 25 | $195.9M | $577.0M | ||
| Q4 24 | $329.1M | $692.0M | ||
| Q3 24 | $212.7M | $531.0M | ||
| Q2 24 | $208.8M | $413.0M |
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $3.2B | ||
| Q3 25 | $3.2B | $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 | $2.0B |
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.2B | $2.9B | ||
| Q3 25 | $2.2B | $2.8B | ||
| Q2 25 | $2.2B | $2.6B | ||
| Q1 25 | $2.2B | $3.3B | ||
| Q4 24 | $2.3B | $3.3B | ||
| Q3 24 | $2.4B | $3.4B | ||
| Q2 24 | $2.3B | $3.3B |
| Q1 26 | $9.0B | — | ||
| Q4 25 | $8.8B | $8.4B | ||
| Q3 25 | $8.9B | $8.2B | ||
| Q2 25 | $8.6B | $8.5B | ||
| Q1 25 | $8.4B | $8.1B | ||
| Q4 24 | $8.4B | $8.2B | ||
| Q3 24 | $8.5B | $8.1B | ||
| Q2 24 | $8.3B | $8.0B |
| Q1 26 | 1.38× | — | ||
| Q4 25 | 1.43× | 1.11× | ||
| Q3 25 | 1.45× | 1.17× | ||
| Q2 25 | 1.19× | 0.77× | ||
| Q1 25 | 1.19× | 0.60× | ||
| Q4 24 | 1.11× | 0.61× | ||
| Q3 24 | 0.85× | 0.60× | ||
| Q2 24 | 0.89× | 0.61× |
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 | — | $299.0M |
| Free Cash FlowOCF − Capex | $104.4M | $262.0M |
| FCF MarginFCF / Revenue | 4.5% | 13.8% |
| Capex IntensityCapex / Revenue | — | 2.0% |
| Cash ConversionOCF / Net Profit | — | 2.20× |
| TTM Free Cash FlowTrailing 4 quarters | $869.1M | $-1.3B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $376.8M | $299.0M | ||
| Q3 25 | $312.1M | $-1.6B | ||
| Q2 25 | $208.8M | $200.0M | ||
| Q1 25 | $-16.3M | $-65.0M | ||
| Q4 24 | $351.2M | $203.0M | ||
| Q3 24 | $270.1M | $147.0M | ||
| Q2 24 | $197.7M | $92.0M |
| Q1 26 | $104.4M | — | ||
| Q4 25 | $309.7M | $262.0M | ||
| Q3 25 | $276.2M | $-1.6B | ||
| Q2 25 | $178.8M | $180.0M | ||
| Q1 25 | $-52.3M | $-96.0M | ||
| Q4 24 | $281.7M | $181.0M | ||
| Q3 24 | $227.1M | $125.0M | ||
| Q2 24 | $150.2M | $77.0M |
| Q1 26 | 4.5% | — | ||
| Q4 25 | 13.6% | 13.8% | ||
| Q3 25 | 12.5% | -85.8% | ||
| Q2 25 | 8.1% | 9.3% | ||
| Q1 25 | -2.4% | -5.4% | ||
| Q4 24 | 12.9% | 9.7% | ||
| Q3 24 | 10.4% | 6.8% | ||
| Q2 24 | 6.7% | 4.8% |
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | 2.0% | ||
| Q3 25 | 1.6% | 1.5% | ||
| Q2 25 | 1.4% | 1.0% | ||
| Q1 25 | 1.7% | 1.8% | ||
| Q4 24 | 3.2% | 1.2% | ||
| Q3 24 | 2.0% | 1.2% | ||
| Q2 24 | 2.1% | 0.9% |
| Q1 26 | — | — | ||
| Q4 25 | 2.26× | 2.20× | ||
| Q3 25 | 1.88× | -10.07× | ||
| Q2 25 | 1.10× | — | ||
| Q1 25 | -0.10× | -10.83× | ||
| Q4 24 | 2.02× | 8.83× | ||
| Q3 24 | 1.49× | 7.35× | ||
| Q2 24 | 1.12× | 3.07× |
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% |
REZI
| ADI Global Distribution Segment | $1.2B | 62% |
| Safety And Security | $257.0M | 14% |
| Air | $211.0M | 11% |
| Energy Service | $153.0M | 8% |
| Public Utilities Inventory Water | $91.0M | 5% |
