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Side-by-side financial comparison of Avery Dennison (AVY) and Molson Coors Beverage Company (TAP). Click either name above to swap in a different company.
Molson Coors Beverage Company is the larger business by last-quarter revenue ($3.1B vs $2.3B, roughly 1.4× Avery Dennison). Molson Coors Beverage Company runs the higher net margin — 7.6% vs 7.3%, a 0.3% gap on every dollar of revenue. On growth, Avery Dennison posted the faster year-over-year revenue change (7.0% vs -3.6%). Molson Coors Beverage Company produced more free cash flow last quarter ($357.8M vs $104.4M). Over the past eight quarters, Avery Dennison's revenue compounded faster (1.4% CAGR vs 1.2%).
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.
Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.
AVY vs TAP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.3B | $3.1B |
| Net Profit | $168.1M | $238.3M |
| Gross Margin | 28.9% | 31.0% |
| Operating Margin | 10.7% | 10.4% |
| Net Margin | 7.3% | 7.6% |
| Revenue YoY | 7.0% | -3.6% |
| Net Profit YoY | 1.1% | -17.2% |
| EPS (diluted) | — | $1.32 |
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 | $3.1B | ||
| Q3 25 | $2.2B | $3.5B | ||
| Q2 25 | $2.2B | $3.7B | ||
| Q1 25 | $2.1B | $2.7B | ||
| Q4 24 | $2.2B | $3.2B | ||
| Q3 24 | $2.2B | $3.6B | ||
| Q2 24 | $2.2B | $3.8B |
| Q1 26 | $168.1M | — | ||
| Q4 25 | $166.4M | $238.3M | ||
| Q3 25 | $166.3M | $-2.9B | ||
| Q2 25 | $189.0M | $428.7M | ||
| Q1 25 | $166.3M | $121.0M | ||
| Q4 24 | $174.0M | $287.8M | ||
| Q3 24 | $181.7M | $199.8M | ||
| Q2 24 | $176.8M | $427.0M |
| Q1 26 | 28.9% | — | ||
| Q4 25 | 28.7% | 31.0% | ||
| Q3 25 | 28.7% | 33.7% | ||
| Q2 25 | 28.8% | 34.3% | ||
| Q1 25 | 28.9% | 31.6% | ||
| Q4 24 | 27.9% | 32.0% | ||
| Q3 24 | 28.7% | 33.4% | ||
| Q2 24 | 29.6% | 34.6% |
| Q1 26 | 10.7% | — | ||
| Q4 25 | 9.1% | 10.4% | ||
| Q3 25 | 10.6% | -98.5% | ||
| Q2 25 | 11.5% | 15.6% | ||
| Q1 25 | 10.6% | 6.9% | ||
| Q4 24 | 11.0% | 12.0% | ||
| Q3 24 | 11.0% | 12.5% | ||
| Q2 24 | 10.7% | 15.6% |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.3% | 7.6% | ||
| Q3 25 | 7.5% | -84.0% | ||
| Q2 25 | 8.5% | 11.5% | ||
| Q1 25 | 7.7% | 4.5% | ||
| Q4 24 | 8.0% | 8.9% | ||
| Q3 24 | 8.3% | 5.5% | ||
| Q2 24 | 7.9% | 11.1% |
| Q1 26 | — | — | ||
| Q4 25 | $2.16 | $1.32 | ||
| Q3 25 | $2.13 | $-14.79 | ||
| Q2 25 | $2.41 | $2.13 | ||
| Q1 25 | $2.09 | $0.59 | ||
| Q4 24 | $2.17 | $1.39 | ||
| Q3 24 | $2.25 | $0.96 | ||
| Q2 24 | $2.18 | $2.03 |
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 | $896.5M |
| Total DebtLower is stronger | $3.2B | $6.3B |
| Stockholders' EquityBook value | $2.3B | $10.2B |
| Total Assets | $9.0B | $22.7B |
| Debt / EquityLower = less leverage | 1.38× | 0.61× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $255.1M | — | ||
| Q4 25 | $202.8M | $896.5M | ||
| Q3 25 | $536.3M | $950.2M | ||
| Q2 25 | $215.9M | $613.8M | ||
| Q1 25 | $195.9M | $412.7M | ||
| Q4 24 | $329.1M | $969.3M | ||
| Q3 24 | $212.7M | $1.0B | ||
| Q2 24 | $208.8M | $1.6B |
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $6.3B | ||
| Q3 25 | $3.2B | $6.3B | ||
| Q2 25 | $2.6B | $6.3B | ||
| Q1 25 | $2.6B | $6.2B | ||
| Q4 24 | $2.6B | $6.1B | ||
| Q3 24 | $2.0B | $6.2B | ||
| Q2 24 | $2.0B | $7.0B |
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.2B | $10.2B | ||
| Q3 25 | $2.2B | $10.3B | ||
| Q2 25 | $2.2B | $13.4B | ||
| Q1 25 | $2.2B | $13.1B | ||
| Q4 24 | $2.3B | $13.1B | ||
| Q3 24 | $2.4B | $13.3B | ||
| Q2 24 | $2.3B | $13.2B |
| Q1 26 | $9.0B | — | ||
| Q4 25 | $8.8B | $22.7B | ||
| Q3 25 | $8.9B | $22.9B | ||
| Q2 25 | $8.6B | $26.8B | ||
| Q1 25 | $8.4B | $25.9B | ||
| Q4 24 | $8.4B | $26.1B | ||
| Q3 24 | $8.5B | $26.6B | ||
| Q2 24 | $8.3B | $27.4B |
| Q1 26 | 1.38× | — | ||
| Q4 25 | 1.43× | 0.61× | ||
| Q3 25 | 1.45× | 0.61× | ||
| Q2 25 | 1.19× | 0.47× | ||
| Q1 25 | 1.19× | 0.47× | ||
| Q4 24 | 1.11× | 0.47× | ||
| Q3 24 | 0.85× | 0.47× | ||
| Q2 24 | 0.89× | 0.53× |
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 | — | $540.7M |
| Free Cash FlowOCF − Capex | $104.4M | $357.8M |
| FCF MarginFCF / Revenue | 4.5% | 11.4% |
| Capex IntensityCapex / Revenue | — | 5.9% |
| Cash ConversionOCF / Net Profit | — | 2.27× |
| TTM Free Cash FlowTrailing 4 quarters | $869.1M | $1.1B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $376.8M | $540.7M | ||
| Q3 25 | $312.1M | $616.1M | ||
| Q2 25 | $208.8M | $718.3M | ||
| Q1 25 | $-16.3M | $-90.7M | ||
| Q4 24 | $351.2M | $494.5M | ||
| Q3 24 | $270.1M | $521.2M | ||
| Q2 24 | $197.7M | $869.2M |
| Q1 26 | $104.4M | — | ||
| Q4 25 | $309.7M | $357.8M | ||
| Q3 25 | $276.2M | $483.0M | ||
| Q2 25 | $178.8M | $555.0M | ||
| Q1 25 | $-52.3M | $-328.0M | ||
| Q4 24 | $281.7M | $383.4M | ||
| Q3 24 | $227.1M | $350.4M | ||
| Q2 24 | $150.2M | $691.7M |
| Q1 26 | 4.5% | — | ||
| Q4 25 | 13.6% | 11.4% | ||
| Q3 25 | 12.5% | 13.9% | ||
| Q2 25 | 8.1% | 14.8% | ||
| Q1 25 | -2.4% | -12.2% | ||
| Q4 24 | 12.9% | 11.8% | ||
| Q3 24 | 10.4% | 9.7% | ||
| Q2 24 | 6.7% | 18.0% |
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | 5.9% | ||
| Q3 25 | 1.6% | 3.8% | ||
| Q2 25 | 1.4% | 4.4% | ||
| Q1 25 | 1.7% | 8.8% | ||
| Q4 24 | 3.2% | 3.4% | ||
| Q3 24 | 2.0% | 4.7% | ||
| Q2 24 | 2.1% | 4.6% |
| Q1 26 | — | — | ||
| Q4 25 | 2.26× | 2.27× | ||
| Q3 25 | 1.88× | — | ||
| Q2 25 | 1.10× | 1.68× | ||
| Q1 25 | -0.10× | -0.75× | ||
| Q4 24 | 2.02× | 1.72× | ||
| Q3 24 | 1.49× | 2.61× | ||
| Q2 24 | 1.12× | 2.04× |
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% |
TAP
Segment breakdown not available.
