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Side-by-side financial comparison of Avery Dennison (AVY) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.
Avery Dennison is the larger business by last-quarter revenue ($2.3B vs $100.0M, roughly 22.7× Latham Group, Inc.). Avery Dennison runs the higher net margin — 7.3% vs -7.0%, a 14.3% gap on every dollar of revenue. On growth, Latham Group, Inc. posted the faster year-over-year revenue change (14.5% vs 3.9%). Avery Dennison produced more free cash flow last quarter ($309.7M vs $14.1M). Over the past eight quarters, Avery Dennison's revenue compounded faster (2.7% CAGR vs -4.9%).
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.
Latham & Watkins LLP is an American multinational law firm. Founded in 1934 in Los Angeles, California, it is known for its litigation, corporate, and regulatory law practices.
AVY vs SWIM — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $2.3B | $100.0M |
| Net Profit | $166.4M | $-7.0M |
| Gross Margin | 28.7% | 28.0% |
| Operating Margin | 9.1% | -10.7% |
| Net Margin | 7.3% | -7.0% |
| Revenue YoY | 3.9% | 14.5% |
| Net Profit YoY | -4.4% | 76.0% |
| EPS (diluted) | $2.16 | $-0.06 |
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 | $100.0M | ||
| Q3 25 | $2.2B | $161.9M | ||
| Q2 25 | $2.2B | $172.6M | ||
| Q1 25 | $2.1B | $111.4M | ||
| Q4 24 | $2.2B | $87.3M | ||
| Q3 24 | $2.2B | $150.5M | ||
| Q2 24 | $2.2B | $160.1M | ||
| Q1 24 | $2.2B | $110.6M |
| Q4 25 | $166.4M | $-7.0M | ||
| Q3 25 | $166.3M | $8.1M | ||
| Q2 25 | $189.0M | $16.0M | ||
| Q1 25 | $166.3M | $-6.0M | ||
| Q4 24 | $174.0M | $-29.2M | ||
| Q3 24 | $181.7M | $5.9M | ||
| Q2 24 | $176.8M | $13.3M | ||
| Q1 24 | $172.4M | $-7.9M |
| Q4 25 | 28.7% | 28.0% | ||
| Q3 25 | 28.7% | 35.4% | ||
| Q2 25 | 28.8% | 37.1% | ||
| Q1 25 | 28.9% | 29.5% | ||
| Q4 24 | 27.9% | 24.6% | ||
| Q3 24 | 28.7% | 32.4% | ||
| Q2 24 | 29.6% | 33.1% | ||
| Q1 24 | 29.4% | 27.7% |
| Q4 25 | 9.1% | -10.7% | ||
| Q3 25 | 10.6% | 13.3% | ||
| Q2 25 | 11.5% | 14.3% | ||
| Q1 25 | 10.6% | -4.4% | ||
| Q4 24 | 11.0% | -14.9% | ||
| Q3 24 | 11.0% | 8.9% | ||
| Q2 24 | 10.7% | 12.5% | ||
| Q1 24 | 10.9% | -1.9% |
| Q4 25 | 7.3% | -7.0% | ||
| Q3 25 | 7.5% | 5.0% | ||
| Q2 25 | 8.5% | 9.3% | ||
| Q1 25 | 7.7% | -5.4% | ||
| Q4 24 | 8.0% | -33.4% | ||
| Q3 24 | 8.3% | 3.9% | ||
| Q2 24 | 7.9% | 8.3% | ||
| Q1 24 | 8.0% | -7.1% |
| Q4 25 | $2.16 | $-0.06 | ||
| Q3 25 | $2.13 | $0.07 | ||
| Q2 25 | $2.41 | $0.13 | ||
| Q1 25 | $2.09 | $-0.05 | ||
| Q4 24 | $2.17 | $-0.24 | ||
| Q3 24 | $2.25 | $0.05 | ||
| Q2 24 | $2.18 | $0.11 | ||
| Q1 24 | $2.13 | $-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 | $202.8M | — |
| Total DebtLower is stronger | $3.2B | $279.8M |
| Stockholders' EquityBook value | $2.2B | $405.9M |
| Total Assets | $8.8B | $823.2M |
| Debt / EquityLower = less leverage | 1.43× | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $202.8M | — | ||
| Q3 25 | $536.3M | — | ||
| Q2 25 | $215.9M | — | ||
| Q1 25 | $195.9M | — | ||
| Q4 24 | $329.1M | — | ||
| Q3 24 | $212.7M | — | ||
| Q2 24 | $208.8M | — | ||
| Q1 24 | $185.7M | — |
| Q4 25 | $3.2B | $279.8M | ||
| Q3 25 | $3.2B | $281.1M | ||
| Q2 25 | $2.6B | $281.5M | ||
| Q1 25 | $2.6B | $306.9M | ||
| Q4 24 | $2.6B | $281.5M | ||
| Q3 24 | $2.0B | $282.8M | ||
| Q2 24 | $2.0B | $282.4M | ||
| Q1 24 | $2.1B | $282.8M |
| Q4 25 | $2.2B | $405.9M | ||
| Q3 25 | $2.2B | $408.4M | ||
| Q2 25 | $2.2B | $398.4M | ||
| Q1 25 | $2.2B | $381.1M | ||
| Q4 24 | $2.3B | $387.2M | ||
| Q3 24 | $2.4B | $416.6M | ||
| Q2 24 | $2.3B | $408.1M | ||
| Q1 24 | $2.2B | $391.8M |
| Q4 25 | $8.8B | $823.2M | ||
| Q3 25 | $8.9B | $844.4M | ||
| Q2 25 | $8.6B | $822.1M | ||
| Q1 25 | $8.4B | $824.6M | ||
| Q4 24 | $8.4B | $794.2M | ||
| Q3 24 | $8.5B | $853.4M | ||
| Q2 24 | $8.3B | $830.0M | ||
| Q1 24 | $8.3B | $808.6M |
| Q4 25 | 1.43× | 0.69× | ||
| Q3 25 | 1.45× | 0.69× | ||
| Q2 25 | 1.19× | 0.71× | ||
| Q1 25 | 1.19× | 0.81× | ||
| Q4 24 | 1.11× | 0.73× | ||
| Q3 24 | 0.85× | 0.68× | ||
| Q2 24 | 0.89× | 0.69× | ||
| Q1 24 | 0.94× | 0.72× |
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 | $23.3M |
| Free Cash FlowOCF − Capex | $309.7M | $14.1M |
| FCF MarginFCF / Revenue | 13.6% | 14.1% |
| Capex IntensityCapex / Revenue | 3.0% | 9.2% |
| Cash ConversionOCF / Net Profit | 2.26× | — |
| TTM Free Cash FlowTrailing 4 quarters | $712.4M | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $376.8M | $23.3M | ||
| Q3 25 | $312.1M | $51.0M | ||
| Q2 25 | $208.8M | $36.0M | ||
| Q1 25 | $-16.3M | $-46.9M | ||
| Q4 24 | $351.2M | $6.2M | ||
| Q3 24 | $270.1M | $37.2M | ||
| Q2 24 | $197.7M | $52.4M | ||
| Q1 24 | $119.8M | $-34.5M |
| Q4 25 | $309.7M | $14.1M | ||
| Q3 25 | $276.2M | $45.2M | ||
| Q2 25 | $178.8M | $29.1M | ||
| Q1 25 | $-52.3M | $-50.3M | ||
| Q4 24 | $281.7M | $-98.0K | ||
| Q3 24 | $227.1M | $33.2M | ||
| Q2 24 | $150.2M | $47.9M | ||
| Q1 24 | $71.0M | $-39.9M |
| Q4 25 | 13.6% | 14.1% | ||
| Q3 25 | 12.5% | 27.9% | ||
| Q2 25 | 8.1% | 16.8% | ||
| Q1 25 | -2.4% | -45.2% | ||
| Q4 24 | 12.9% | -0.1% | ||
| Q3 24 | 10.4% | 22.1% | ||
| Q2 24 | 6.7% | 29.9% | ||
| Q1 24 | 3.3% | -36.0% |
| Q4 25 | 3.0% | 9.2% | ||
| Q3 25 | 1.6% | 3.6% | ||
| Q2 25 | 1.4% | 4.0% | ||
| Q1 25 | 1.7% | 3.1% | ||
| Q4 24 | 3.2% | 7.2% | ||
| Q3 24 | 2.0% | 2.7% | ||
| Q2 24 | 2.1% | 2.8% | ||
| Q1 24 | 2.3% | 4.8% |
| Q4 25 | 2.26× | — | ||
| Q3 25 | 1.88× | 6.29× | ||
| Q2 25 | 1.10× | 2.25× | ||
| Q1 25 | -0.10× | — | ||
| Q4 24 | 2.02× | — | ||
| Q3 24 | 1.49× | 6.32× | ||
| Q2 24 | 1.12× | 3.95× | ||
| Q1 24 | 0.69× | — |
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% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
