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Side-by-side financial comparison of Avery Dennison (AVY) and Tapestry, Inc. (TPR). Click either name above to swap in a different company.
Tapestry, Inc. is the larger business by last-quarter revenue ($2.5B vs $2.3B, roughly 1.1× Avery Dennison). Tapestry, Inc. runs the higher net margin — 22.4% vs 7.3%, a 15.1% gap on every dollar of revenue. On growth, Tapestry, Inc. posted the faster year-over-year revenue change (14.0% vs 7.0%). Tapestry, Inc. produced more free cash flow last quarter ($1.0B vs $104.4M). Over the past eight quarters, Tapestry, Inc.'s revenue compounded faster (29.9% 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.
Tapestry, Inc. is a leading American multinational luxury fashion holding company. It owns three iconic lifestyle brands: Coach, Kate Spade New York, and Stuart Weitzman, offering premium handbags, apparel, footwear, accessories, and fragrances to global consumers via physical retail stores and e-commerce platforms.
AVY vs TPR — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.3B | $2.5B |
| Net Profit | $168.1M | $561.3M |
| Gross Margin | 28.9% | 75.5% |
| Operating Margin | 10.7% | 28.6% |
| Net Margin | 7.3% | 22.4% |
| Revenue YoY | 7.0% | 14.0% |
| Net Profit YoY | 1.1% | 80.8% |
| EPS (diluted) | — | $2.68 |
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 | $2.5B | ||
| Q3 25 | $2.2B | $1.7B | ||
| Q2 25 | $2.2B | $1.7B | ||
| Q1 25 | $2.1B | $1.6B | ||
| Q4 24 | $2.2B | $2.2B | ||
| Q3 24 | $2.2B | $1.5B | ||
| Q2 24 | $2.2B | $1.6B |
| Q1 26 | $168.1M | — | ||
| Q4 25 | $166.4M | $561.3M | ||
| Q3 25 | $166.3M | $274.8M | ||
| Q2 25 | $189.0M | $-517.1M | ||
| Q1 25 | $166.3M | $203.3M | ||
| Q4 24 | $174.0M | $310.4M | ||
| Q3 24 | $181.7M | $186.6M | ||
| Q2 24 | $176.8M | $159.3M |
| Q1 26 | 28.9% | — | ||
| Q4 25 | 28.7% | 75.5% | ||
| Q3 25 | 28.7% | 76.3% | ||
| Q2 25 | 28.8% | 76.3% | ||
| Q1 25 | 28.9% | 76.1% | ||
| Q4 24 | 27.9% | 74.4% | ||
| Q3 24 | 28.7% | 75.3% | ||
| Q2 24 | 29.6% | 74.9% |
| Q1 26 | 10.7% | — | ||
| Q4 25 | 9.1% | 28.6% | ||
| Q3 25 | 10.6% | 19.3% | ||
| Q2 25 | 11.5% | -33.9% | ||
| Q1 25 | 10.6% | 16.0% | ||
| Q4 24 | 11.0% | 22.4% | ||
| Q3 24 | 11.0% | 16.7% | ||
| Q2 24 | 10.7% | 14.8% |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.3% | 22.4% | ||
| Q3 25 | 7.5% | 16.1% | ||
| Q2 25 | 8.5% | -30.0% | ||
| Q1 25 | 7.7% | 12.8% | ||
| Q4 24 | 8.0% | 14.1% | ||
| Q3 24 | 8.3% | 12.4% | ||
| Q2 24 | 7.9% | 10.0% |
| Q1 26 | — | — | ||
| Q4 25 | $2.16 | $2.68 | ||
| Q3 25 | $2.13 | $1.28 | ||
| Q2 25 | $2.41 | $-2.30 | ||
| Q1 25 | $2.09 | $0.95 | ||
| Q4 24 | $2.17 | $1.38 | ||
| Q3 24 | $2.25 | $0.79 | ||
| Q2 24 | $2.18 | $0.67 |
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 | $1.1B |
| Total DebtLower is stronger | $3.2B | $2.4B |
| Stockholders' EquityBook value | $2.3B | $551.2M |
| Total Assets | $9.0B | $6.5B |
| Debt / EquityLower = less leverage | 1.38× | 4.32× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $255.1M | — | ||
| Q4 25 | $202.8M | $1.1B | ||
| Q3 25 | $536.3M | $743.2M | ||
| Q2 25 | $215.9M | $1.1B | ||
| Q1 25 | $195.9M | $1.1B | ||
| Q4 24 | $329.1M | $1.0B | ||
| Q3 24 | $212.7M | $7.3B | ||
| Q2 24 | $208.8M | $7.2B |
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $2.4B | ||
| Q3 25 | $3.2B | $2.4B | ||
| Q2 25 | $2.6B | $2.4B | ||
| Q1 25 | $2.6B | $2.4B | ||
| Q4 24 | $2.6B | $2.4B | ||
| Q3 24 | $2.0B | $7.0B | ||
| Q2 24 | $2.0B | $6.9B |
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.2B | $551.2M | ||
| Q3 25 | $2.2B | $399.5M | ||
| Q2 25 | $2.2B | $857.8M | ||
| Q1 25 | $2.2B | $1.5B | ||
| Q4 24 | $2.3B | $1.3B | ||
| Q3 24 | $2.4B | $3.0B | ||
| Q2 24 | $2.3B | $2.9B |
| Q1 26 | $9.0B | — | ||
| Q4 25 | $8.8B | $6.5B | ||
| Q3 25 | $8.9B | $6.4B | ||
| Q2 25 | $8.6B | $6.6B | ||
| Q1 25 | $8.4B | $7.3B | ||
| Q4 24 | $8.4B | $7.3B | ||
| Q3 24 | $8.5B | $13.7B | ||
| Q2 24 | $8.3B | $13.4B |
| Q1 26 | 1.38× | — | ||
| Q4 25 | 1.43× | 4.32× | ||
| Q3 25 | 1.45× | 5.95× | ||
| Q2 25 | 1.19× | 2.77× | ||
| Q1 25 | 1.19× | 1.59× | ||
| Q4 24 | 1.11× | 1.78× | ||
| Q3 24 | 0.85× | 2.35× | ||
| Q2 24 | 0.89× | 2.39× |
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 | — | $1.1B |
| Free Cash FlowOCF − Capex | $104.4M | $1.0B |
| FCF MarginFCF / Revenue | 4.5% | 41.5% |
| Capex IntensityCapex / Revenue | — | 1.7% |
| Cash ConversionOCF / Net Profit | — | 1.93× |
| TTM Free Cash FlowTrailing 4 quarters | $869.1M | $1.6B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $376.8M | $1.1B | ||
| Q3 25 | $312.1M | $112.6M | ||
| Q2 25 | $208.8M | $446.8M | ||
| Q1 25 | $-16.3M | $144.3M | ||
| Q4 24 | $351.2M | $506.0M | ||
| Q3 24 | $270.1M | $119.5M | ||
| Q2 24 | $197.7M | $256.0M |
| Q1 26 | $104.4M | — | ||
| Q4 25 | $309.7M | $1.0B | ||
| Q3 25 | $276.2M | $80.2M | ||
| Q2 25 | $178.8M | $411.5M | ||
| Q1 25 | $-52.3M | $113.4M | ||
| Q4 24 | $281.7M | $475.1M | ||
| Q3 24 | $227.1M | $93.9M | ||
| Q2 24 | $150.2M | $209.8M |
| Q1 26 | 4.5% | — | ||
| Q4 25 | 13.6% | 41.5% | ||
| Q3 25 | 12.5% | 4.7% | ||
| Q2 25 | 8.1% | 23.9% | ||
| Q1 25 | -2.4% | 7.2% | ||
| Q4 24 | 12.9% | 21.6% | ||
| Q3 24 | 10.4% | 6.2% | ||
| Q2 24 | 6.7% | 13.2% |
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | 1.7% | ||
| Q3 25 | 1.6% | 1.9% | ||
| Q2 25 | 1.4% | 2.0% | ||
| Q1 25 | 1.7% | 2.0% | ||
| Q4 24 | 3.2% | 1.4% | ||
| Q3 24 | 2.0% | 1.7% | ||
| Q2 24 | 2.1% | 2.9% |
| Q1 26 | — | — | ||
| Q4 25 | 2.26× | 1.93× | ||
| Q3 25 | 1.88× | 0.41× | ||
| Q2 25 | 1.10× | — | ||
| Q1 25 | -0.10× | 0.71× | ||
| Q4 24 | 2.02× | 1.63× | ||
| Q3 24 | 1.49× | 0.64× | ||
| Q2 24 | 1.12× | 1.61× |
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% |
TPR
| Coach | $1.4B | 57% |
| Other | $787.0M | 31% |
| Kate Spade Company | $290.0M | 12% |
