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Side-by-side financial comparison of Avery Dennison (AVY) and RXO, Inc. (RXO). Click either name above to swap in a different company.
Avery Dennison is the larger business by last-quarter revenue ($2.3B vs $1.5B, roughly 1.6× RXO, Inc.). Avery Dennison runs the higher net margin — 7.3% vs -3.1%, a 10.4% gap on every dollar of revenue. On growth, Avery Dennison posted the faster year-over-year revenue change (7.0% vs -11.9%). Avery Dennison produced more free cash flow last quarter ($104.4M vs $-9.0M). Over the past eight quarters, RXO, Inc.'s revenue compounded faster (26.8% 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.
RXO, Inc. is a leading transportation and logistics solutions provider headquartered in the United States. Its core service portfolio includes freight brokerage, last-mile delivery for heavy and bulky goods, managed transportation services, and end-to-end supply chain optimization support, primarily catering to clients across the North American manufacturing, retail, and e-commerce segments.
AVY vs RXO — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.3B | $1.5B |
| Net Profit | $168.1M | $-46.0M |
| Gross Margin | 28.9% | — |
| Operating Margin | 10.7% | -2.9% |
| Net Margin | 7.3% | -3.1% |
| Revenue YoY | 7.0% | -11.9% |
| Net Profit YoY | 1.1% | -84.0% |
| EPS (diluted) | — | $-0.28 |
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 | $1.5B | ||
| Q3 25 | $2.2B | $1.4B | ||
| Q2 25 | $2.2B | $1.4B | ||
| Q1 25 | $2.1B | $1.4B | ||
| Q4 24 | $2.2B | $1.7B | ||
| Q3 24 | $2.2B | $1.0B | ||
| Q2 24 | $2.2B | $930.0M |
| Q1 26 | $168.1M | — | ||
| Q4 25 | $166.4M | $-46.0M | ||
| Q3 25 | $166.3M | $-14.0M | ||
| Q2 25 | $189.0M | $-9.0M | ||
| Q1 25 | $166.3M | $-31.0M | ||
| Q4 24 | $174.0M | $-25.0M | ||
| Q3 24 | $181.7M | $-243.0M | ||
| Q2 24 | $176.8M | $-7.0M |
| 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% | — | ||
| Q2 24 | 29.6% | — |
| Q1 26 | 10.7% | — | ||
| Q4 25 | 9.1% | -2.9% | ||
| Q3 25 | 10.6% | -0.5% | ||
| Q2 25 | 11.5% | — | ||
| Q1 25 | 10.6% | -2.1% | ||
| Q4 24 | 11.0% | -1.4% | ||
| Q3 24 | 11.0% | -1.9% | ||
| Q2 24 | 10.7% | — |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.3% | -3.1% | ||
| Q3 25 | 7.5% | -1.0% | ||
| Q2 25 | 8.5% | -0.6% | ||
| Q1 25 | 7.7% | -2.2% | ||
| Q4 24 | 8.0% | -1.5% | ||
| Q3 24 | 8.3% | -23.4% | ||
| Q2 24 | 7.9% | -0.8% |
| Q1 26 | — | — | ||
| Q4 25 | $2.16 | $-0.28 | ||
| Q3 25 | $2.13 | $-0.08 | ||
| Q2 25 | $2.41 | $-0.05 | ||
| Q1 25 | $2.09 | $-0.18 | ||
| Q4 24 | $2.17 | $-0.17 | ||
| Q3 24 | $2.25 | $-1.81 | ||
| Q2 24 | $2.18 | $-0.06 |
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 | $17.0M |
| Total DebtLower is stronger | $3.2B | $387.0M |
| Stockholders' EquityBook value | $2.3B | $1.5B |
| Total Assets | $9.0B | $3.3B |
| Debt / EquityLower = less leverage | 1.38× | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $255.1M | — | ||
| Q4 25 | $202.8M | $17.0M | ||
| Q3 25 | $536.3M | $25.0M | ||
| Q2 25 | $215.9M | $18.0M | ||
| Q1 25 | $195.9M | $16.0M | ||
| Q4 24 | $329.1M | $35.0M | ||
| Q3 24 | $212.7M | $55.0M | ||
| Q2 24 | $208.8M | $7.0M |
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $387.0M | ||
| Q3 25 | $3.2B | $387.0M | ||
| Q2 25 | $2.6B | $387.0M | ||
| Q1 25 | $2.6B | $387.0M | ||
| Q4 24 | $2.6B | $351.0M | ||
| Q3 24 | $2.0B | $352.0M | ||
| Q2 24 | $2.0B | $370.0M |
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.2B | $1.5B | ||
| Q3 25 | $2.2B | $1.6B | ||
| Q2 25 | $2.2B | $1.6B | ||
| Q1 25 | $2.2B | $1.6B | ||
| Q4 24 | $2.3B | $1.6B | ||
| Q3 24 | $2.4B | $1.7B | ||
| Q2 24 | $2.3B | $579.0M |
| Q1 26 | $9.0B | — | ||
| Q4 25 | $8.8B | $3.3B | ||
| Q3 25 | $8.9B | $3.2B | ||
| Q2 25 | $8.6B | $3.2B | ||
| Q1 25 | $8.4B | $3.3B | ||
| Q4 24 | $8.4B | $3.4B | ||
| Q3 24 | $8.5B | $3.4B | ||
| Q2 24 | $8.3B | $1.8B |
| Q1 26 | 1.38× | — | ||
| Q4 25 | 1.43× | 0.25× | ||
| Q3 25 | 1.45× | 0.24× | ||
| Q2 25 | 1.19× | 0.24× | ||
| Q1 25 | 1.19× | 0.24× | ||
| Q4 24 | 1.11× | 0.22× | ||
| Q3 24 | 0.85× | 0.21× | ||
| Q2 24 | 0.89× | 0.64× |
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 | — | $7.0M |
| Free Cash FlowOCF − Capex | $104.4M | $-9.0M |
| FCF MarginFCF / Revenue | 4.5% | -0.6% |
| Capex IntensityCapex / Revenue | — | 1.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $869.1M | $-8.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $376.8M | $7.0M | ||
| Q3 25 | $312.1M | $23.0M | ||
| Q2 25 | $208.8M | $23.0M | ||
| Q1 25 | $-16.3M | $-2.0M | ||
| Q4 24 | $351.2M | $-7.0M | ||
| Q3 24 | $270.1M | $-7.0M | ||
| Q2 24 | $197.7M | $-5.0M |
| Q1 26 | $104.4M | — | ||
| Q4 25 | $309.7M | $-9.0M | ||
| Q3 25 | $276.2M | $9.0M | ||
| Q2 25 | $178.8M | $9.0M | ||
| Q1 25 | $-52.3M | $-17.0M | ||
| Q4 24 | $281.7M | $-19.0M | ||
| Q3 24 | $227.1M | $-18.0M | ||
| Q2 24 | $150.2M | $-16.0M |
| Q1 26 | 4.5% | — | ||
| Q4 25 | 13.6% | -0.6% | ||
| Q3 25 | 12.5% | 0.6% | ||
| Q2 25 | 8.1% | 0.6% | ||
| Q1 25 | -2.4% | -1.2% | ||
| Q4 24 | 12.9% | -1.1% | ||
| Q3 24 | 10.4% | -1.7% | ||
| Q2 24 | 6.7% | -1.7% |
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | 1.1% | ||
| Q3 25 | 1.6% | 1.0% | ||
| Q2 25 | 1.4% | 1.0% | ||
| Q1 25 | 1.7% | 1.0% | ||
| Q4 24 | 3.2% | 0.7% | ||
| Q3 24 | 2.0% | 1.1% | ||
| Q2 24 | 2.1% | 1.2% |
| Q1 26 | — | — | ||
| 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× | — |
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% |
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
