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Side-by-side financial comparison of Avery Dennison (AVY) and SEALED AIR CORP (SEE). 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 1.6× SEALED AIR CORP). Avery Dennison runs the higher net margin — 7.3% vs 3.1%, a 4.2% gap on every dollar of revenue. On growth, Avery Dennison posted the faster year-over-year revenue change (3.9% vs 2.6%). Avery Dennison produced more free cash flow last quarter ($309.7M vs $257.7M). Over the past eight quarters, Avery Dennison's revenue compounded faster (2.7% 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.
Sealed Air Corporation is a global provider of innovative packaging and protective solutions. Its core offerings include cushioning materials, food safety and preservation packaging, and sustainable waste-reducing packaging systems, serving retail, e-commerce, food and beverage, and industrial manufacturing markets worldwide.
AVY vs SEE — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $2.3B | $1.4B |
| Net Profit | $166.4M | $43.8M |
| Gross Margin | 28.7% | 28.6% |
| Operating Margin | 9.1% | 11.4% |
| Net Margin | 7.3% | 3.1% |
| Revenue YoY | 3.9% | 2.6% |
| Net Profit YoY | -4.4% | 700.0% |
| EPS (diluted) | $2.16 | $0.30 |
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 | $1.4B | ||
| Q3 25 | $2.2B | $1.3B | ||
| Q2 25 | $2.2B | $1.3B | ||
| Q1 25 | $2.1B | $1.3B | ||
| Q4 24 | $2.2B | $1.4B | ||
| Q3 24 | $2.2B | $1.3B | ||
| Q2 24 | $2.2B | $1.3B | ||
| Q1 24 | $2.2B | $1.3B |
| Q4 25 | $166.4M | $43.8M | ||
| Q3 25 | $166.3M | $255.1M | ||
| Q2 25 | $189.0M | $93.1M | ||
| Q1 25 | $166.3M | $113.5M | ||
| Q4 24 | $174.0M | $-7.3M | ||
| Q3 24 | $181.7M | $91.7M | ||
| Q2 24 | $176.8M | $98.3M | ||
| Q1 24 | $172.4M | $82.0M |
| Q4 25 | 28.7% | 28.6% | ||
| Q3 25 | 28.7% | 29.8% | ||
| Q2 25 | 28.8% | 30.7% | ||
| Q1 25 | 28.9% | 30.9% | ||
| Q4 24 | 27.9% | 30.0% | ||
| Q3 24 | 28.7% | 30.1% | ||
| Q2 24 | 29.6% | 31.2% | ||
| Q1 24 | 29.4% | 30.3% |
| Q4 25 | 9.1% | 11.4% | ||
| Q3 25 | 10.6% | 13.8% | ||
| Q2 25 | 11.5% | 15.0% | ||
| Q1 25 | 10.6% | 14.5% | ||
| Q4 24 | 11.0% | 11.7% | ||
| Q3 24 | 11.0% | 13.9% | ||
| Q2 24 | 10.7% | 15.4% | ||
| Q1 24 | 10.9% | 14.0% |
| Q4 25 | 7.3% | 3.1% | ||
| Q3 25 | 7.5% | 19.0% | ||
| Q2 25 | 8.5% | 7.0% | ||
| Q1 25 | 7.7% | 9.0% | ||
| Q4 24 | 8.0% | -0.5% | ||
| Q3 24 | 8.3% | 6.9% | ||
| Q2 24 | 7.9% | 7.4% | ||
| Q1 24 | 8.0% | 6.2% |
| Q4 25 | $2.16 | $0.30 | ||
| Q3 25 | $2.13 | $1.73 | ||
| Q2 25 | $2.41 | $0.63 | ||
| Q1 25 | $2.09 | $0.77 | ||
| Q4 24 | $2.17 | $-0.05 | ||
| Q3 24 | $2.25 | $0.63 | ||
| Q2 24 | $2.18 | $0.67 | ||
| Q1 24 | $2.13 | $0.56 |
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 | $344.0M |
| Total DebtLower is stronger | $3.2B | $3.3B |
| Stockholders' EquityBook value | $2.2B | $1.2B |
| Total Assets | $8.8B | $7.0B |
| Debt / EquityLower = less leverage | 1.43× | 2.65× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $202.8M | $344.0M | ||
| Q3 25 | $536.3M | $282.5M | ||
| Q2 25 | $215.9M | $354.4M | ||
| Q1 25 | $195.9M | $335.2M | ||
| Q4 24 | $329.1M | $371.8M | ||
| Q3 24 | $212.7M | $386.0M | ||
| Q2 24 | $208.8M | $388.6M | ||
| Q1 24 | $185.7M | $352.8M |
| Q4 25 | $3.2B | $3.3B | ||
| Q3 25 | $3.2B | $4.0B | ||
| Q2 25 | $2.6B | $4.0B | ||
| Q1 25 | $2.6B | $4.2B | ||
| Q4 24 | $2.6B | $4.2B | ||
| Q3 24 | $2.0B | $4.3B | ||
| Q2 24 | $2.0B | $4.4B | ||
| Q1 24 | $2.1B | $4.5B |
| Q4 25 | $2.2B | $1.2B | ||
| Q3 25 | $2.2B | $1.2B | ||
| Q2 25 | $2.2B | $953.1M | ||
| Q1 25 | $2.2B | $797.9M | ||
| Q4 24 | $2.3B | $624.5M | ||
| Q3 24 | $2.4B | $771.2M | ||
| Q2 24 | $2.3B | $650.1M | ||
| Q1 24 | $2.2B | $598.3M |
| Q4 25 | $8.8B | $7.0B | ||
| Q3 25 | $8.9B | $7.1B | ||
| Q2 25 | $8.6B | $7.2B | ||
| Q1 25 | $8.4B | $7.0B | ||
| Q4 24 | $8.4B | $7.0B | ||
| Q3 24 | $8.5B | $7.3B | ||
| Q2 24 | $8.3B | $7.3B | ||
| Q1 24 | $8.3B | $7.2B |
| Q4 25 | 1.43× | 2.65× | ||
| Q3 25 | 1.45× | 3.34× | ||
| Q2 25 | 1.19× | 4.18× | ||
| Q1 25 | 1.19× | 5.26× | ||
| Q4 24 | 1.11× | 6.72× | ||
| Q3 24 | 0.85× | 5.62× | ||
| Q2 24 | 0.89× | 6.81× | ||
| Q1 24 | 0.94× | 7.49× |
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 | $293.6M |
| Free Cash FlowOCF − Capex | $309.7M | $257.7M |
| FCF MarginFCF / Revenue | 13.6% | 18.5% |
| Capex IntensityCapex / Revenue | 3.0% | 2.6% |
| Cash ConversionOCF / Net Profit | 2.26× | 6.70× |
| TTM Free Cash FlowTrailing 4 quarters | $712.4M | $458.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $376.8M | $293.6M | ||
| Q3 25 | $312.1M | $165.9M | ||
| Q2 25 | $208.8M | $136.6M | ||
| Q1 25 | $-16.3M | $31.9M | ||
| Q4 24 | $351.2M | $244.2M | ||
| Q3 24 | $270.1M | $170.5M | ||
| Q2 24 | $197.7M | $188.2M | ||
| Q1 24 | $119.8M | $125.1M |
| Q4 25 | $309.7M | $257.7M | ||
| Q3 25 | $276.2M | $119.6M | ||
| Q2 25 | $178.8M | $93.2M | ||
| Q1 25 | $-52.3M | $-12.0M | ||
| Q4 24 | $281.7M | $185.1M | ||
| Q3 24 | $227.1M | $115.2M | ||
| Q2 24 | $150.2M | $129.5M | ||
| Q1 24 | $71.0M | $78.0M |
| Q4 25 | 13.6% | 18.5% | ||
| Q3 25 | 12.5% | 8.9% | ||
| Q2 25 | 8.1% | 7.0% | ||
| Q1 25 | -2.4% | -0.9% | ||
| Q4 24 | 12.9% | 13.6% | ||
| Q3 24 | 10.4% | 8.6% | ||
| Q2 24 | 6.7% | 9.7% | ||
| Q1 24 | 3.3% | 5.9% |
| Q4 25 | 3.0% | 2.6% | ||
| Q3 25 | 1.6% | 3.4% | ||
| Q2 25 | 1.4% | 3.3% | ||
| Q1 25 | 1.7% | 3.5% | ||
| Q4 24 | 3.2% | 4.4% | ||
| Q3 24 | 2.0% | 4.1% | ||
| Q2 24 | 2.1% | 4.4% | ||
| Q1 24 | 2.3% | 3.6% |
| Q4 25 | 2.26× | 6.70× | ||
| Q3 25 | 1.88× | 0.65× | ||
| Q2 25 | 1.10× | 1.47× | ||
| Q1 25 | -0.10× | 0.28× | ||
| Q4 24 | 2.02× | — | ||
| Q3 24 | 1.49× | 1.86× | ||
| Q2 24 | 1.12× | 1.91× | ||
| Q1 24 | 0.69× | 1.53× |
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% |
SEE
| Protective Segment | $1.1B | 78% |
| Other | $292.0M | 21% |
| Pension Plans Defined Benefit | $7.9M | 1% |
