vs
Side-by-side financial comparison of Avery Dennison (AVY) and TREX CO INC (TREX). Click either name above to swap in a different company.
Avery Dennison is the larger business by last-quarter revenue ($2.3B vs $161.1M, roughly 14.1× TREX CO INC). Avery Dennison runs the higher net margin — 7.3% vs 1.4%, a 5.9% gap on every dollar of revenue. On growth, Avery Dennison posted the faster year-over-year revenue change (3.9% vs -3.9%). Avery Dennison produced more free cash flow last quarter ($309.7M vs $22.1M). Over the past eight quarters, Avery Dennison's revenue compounded faster (2.7% CAGR vs -34.3%).
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.
Trex Company, Inc. is a manufacturer of wood-alternative composite decking, residential railing, and other outdoor items made from recycled materials. Its headquarters is in Winchester, Virginia.
AVY vs TREX — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $2.3B | $161.1M |
| Net Profit | $166.4M | $2.3M |
| Gross Margin | 28.7% | 30.2% |
| Operating Margin | 9.1% | 2.2% |
| Net Margin | 7.3% | 1.4% |
| Revenue YoY | 3.9% | -3.9% |
| Net Profit YoY | -4.4% | -76.4% |
| EPS (diluted) | $2.16 | $0.03 |
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 | $161.1M | ||
| Q3 25 | $2.2B | $285.3M | ||
| Q2 25 | $2.2B | $387.8M | ||
| Q1 25 | $2.1B | $340.0M | ||
| Q4 24 | $2.2B | $167.6M | ||
| Q3 24 | $2.2B | $233.7M | ||
| Q2 24 | $2.2B | $376.5M | ||
| Q1 24 | $2.2B | $373.6M |
| Q4 25 | $166.4M | $2.3M | ||
| Q3 25 | $166.3M | $51.8M | ||
| Q2 25 | $189.0M | $75.9M | ||
| Q1 25 | $166.3M | $60.4M | ||
| Q4 24 | $174.0M | $9.8M | ||
| Q3 24 | $181.7M | $40.6M | ||
| Q2 24 | $176.8M | $87.0M | ||
| Q1 24 | $172.4M | $89.1M |
| Q4 25 | 28.7% | 30.2% | ||
| Q3 25 | 28.7% | 40.5% | ||
| Q2 25 | 28.8% | 40.8% | ||
| Q1 25 | 28.9% | 40.5% | ||
| Q4 24 | 27.9% | 32.7% | ||
| Q3 24 | 28.7% | 39.9% | ||
| Q2 24 | 29.6% | 44.7% | ||
| Q1 24 | 29.4% | 45.4% |
| Q4 25 | 9.1% | 2.2% | ||
| Q3 25 | 10.6% | 24.7% | ||
| Q2 25 | 11.5% | 26.4% | ||
| Q1 25 | 10.6% | 24.0% | ||
| Q4 24 | 11.0% | 9.2% | ||
| Q3 24 | 11.0% | 23.2% | ||
| Q2 24 | 10.7% | 31.1% | ||
| Q1 24 | 10.9% | 31.9% |
| Q4 25 | 7.3% | 1.4% | ||
| Q3 25 | 7.5% | 18.1% | ||
| Q2 25 | 8.5% | 19.6% | ||
| Q1 25 | 7.7% | 17.8% | ||
| Q4 24 | 8.0% | 5.8% | ||
| Q3 24 | 8.3% | 17.4% | ||
| Q2 24 | 7.9% | 23.1% | ||
| Q1 24 | 8.0% | 23.8% |
| Q4 25 | $2.16 | $0.03 | ||
| Q3 25 | $2.13 | $0.48 | ||
| Q2 25 | $2.41 | $0.71 | ||
| Q1 25 | $2.09 | $0.56 | ||
| Q4 24 | $2.17 | $0.10 | ||
| Q3 24 | $2.25 | $0.37 | ||
| Q2 24 | $2.18 | $0.80 | ||
| Q1 24 | $2.13 | $0.82 |
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 | $3.8M |
| Total DebtLower is stronger | $3.2B | — |
| Stockholders' EquityBook value | $2.2B | $1.0B |
| Total Assets | $8.8B | $1.5B |
| Debt / EquityLower = less leverage | 1.43× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $202.8M | $3.8M | ||
| Q3 25 | $536.3M | $11.4M | ||
| Q2 25 | $215.9M | $5.5M | ||
| Q1 25 | $195.9M | $5.0M | ||
| Q4 24 | $329.1M | $1.3M | ||
| Q3 24 | $212.7M | $12.8M | ||
| Q2 24 | $208.8M | $1.2M | ||
| Q1 24 | $185.7M | $3.1M |
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.2B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.6B | — | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $2.0B | — | ||
| Q1 24 | $2.1B | — |
| Q4 25 | $2.2B | $1.0B | ||
| Q3 25 | $2.2B | $1.0B | ||
| Q2 25 | $2.2B | $989.3M | ||
| Q1 25 | $2.2B | $910.1M | ||
| Q4 24 | $2.3B | $850.1M | ||
| Q3 24 | $2.4B | $887.9M | ||
| Q2 24 | $2.3B | $894.9M | ||
| Q1 24 | $2.2B | $804.1M |
| Q4 25 | $8.8B | $1.5B | ||
| Q3 25 | $8.9B | $1.5B | ||
| Q2 25 | $8.6B | $1.5B | ||
| Q1 25 | $8.4B | $1.6B | ||
| Q4 24 | $8.4B | $1.3B | ||
| Q3 24 | $8.5B | $1.3B | ||
| Q2 24 | $8.3B | $1.3B | ||
| Q1 24 | $8.3B | $1.3B |
| Q4 25 | 1.43× | — | ||
| Q3 25 | 1.45× | — | ||
| Q2 25 | 1.19× | — | ||
| Q1 25 | 1.19× | — | ||
| Q4 24 | 1.11× | — | ||
| Q3 24 | 0.85× | — | ||
| Q2 24 | 0.89× | — | ||
| Q1 24 | 0.94× | — |
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 | $65.5M |
| Free Cash FlowOCF − Capex | $309.7M | $22.1M |
| FCF MarginFCF / Revenue | 13.6% | 13.7% |
| Capex IntensityCapex / Revenue | 3.0% | 26.9% |
| Cash ConversionOCF / Net Profit | 2.26× | 28.45× |
| TTM Free Cash FlowTrailing 4 quarters | $712.4M | $134.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $376.8M | $65.5M | ||
| Q3 25 | $312.1M | $196.9M | ||
| Q2 25 | $208.8M | $249.8M | ||
| Q1 25 | $-16.3M | $-154.0M | ||
| Q4 24 | $351.2M | $-8.5M | ||
| Q3 24 | $270.1M | $132.8M | ||
| Q2 24 | $197.7M | $193.7M | ||
| Q1 24 | $119.8M | $-174.0M |
| Q4 25 | $309.7M | $22.1M | ||
| Q3 25 | $276.2M | $142.9M | ||
| Q2 25 | $178.8M | $203.0M | ||
| Q1 25 | $-52.3M | $-233.5M | ||
| Q4 24 | $281.7M | $-89.3M | ||
| Q3 24 | $227.1M | $54.5M | ||
| Q2 24 | $150.2M | $158.2M | ||
| Q1 24 | $71.0M | $-211.8M |
| Q4 25 | 13.6% | 13.7% | ||
| Q3 25 | 12.5% | 50.1% | ||
| Q2 25 | 8.1% | 52.3% | ||
| Q1 25 | -2.4% | -68.7% | ||
| Q4 24 | 12.9% | -53.3% | ||
| Q3 24 | 10.4% | 23.3% | ||
| Q2 24 | 6.7% | 42.0% | ||
| Q1 24 | 3.3% | -56.7% |
| Q4 25 | 3.0% | 26.9% | ||
| Q3 25 | 1.6% | 18.9% | ||
| Q2 25 | 1.4% | 12.1% | ||
| Q1 25 | 1.7% | 23.4% | ||
| Q4 24 | 3.2% | 48.2% | ||
| Q3 24 | 2.0% | 33.5% | ||
| Q2 24 | 2.1% | 9.4% | ||
| Q1 24 | 2.3% | 10.1% |
| Q4 25 | 2.26× | 28.45× | ||
| Q3 25 | 1.88× | 3.80× | ||
| Q2 25 | 1.10× | 3.29× | ||
| Q1 25 | -0.10× | -2.55× | ||
| Q4 24 | 2.02× | -0.87× | ||
| Q3 24 | 1.49× | 3.27× | ||
| Q2 24 | 1.12× | 2.23× | ||
| Q1 24 | 0.69× | -1.95× |
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% |
TREX
Segment breakdown not available.
