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Side-by-side financial comparison of Avery Dennison (AVY) and Voya Financial, Inc. (VOYA). Click either name above to swap in a different company.

Avery Dennison is the larger business by last-quarter revenue ($2.3B vs $2.0B, roughly 1.1× Voya Financial, Inc.). Voya Financial, Inc. runs the higher net margin — 9.6% vs 7.3%, a 2.3% gap on every dollar of revenue. On growth, Avery Dennison posted the faster year-over-year revenue change (7.0% vs 3.1%). Over the past eight quarters, Voya Financial, Inc.'s revenue compounded faster (96.1% 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.

Voya Financial is an American financial, retirement, investment and insurance company based in New York City. Voya began as ING U.S., the United States operating subsidiary of ING Group, which was spun off in 2013 and established independent financial backing through an initial public offering. In April 2014, the company rebranded itself as Voya Financial. Voya's predecessors had first entered the U.S. market in the 1970s.

AVY vs VOYA — Head-to-Head

Bigger by revenue
AVY
AVY
1.1× larger
AVY
$2.3B
$2.0B
VOYA
Growing faster (revenue YoY)
AVY
AVY
+3.9% gap
AVY
7.0%
3.1%
VOYA
Higher net margin
VOYA
VOYA
2.3% more per $
VOYA
9.6%
7.3%
AVY
Faster 2-yr revenue CAGR
VOYA
VOYA
Annualised
VOYA
96.1%
1.4%
AVY

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
AVY
AVY
VOYA
VOYA
Revenue
$2.3B
$2.0B
Net Profit
$168.1M
$195.0M
Gross Margin
28.9%
Operating Margin
10.7%
Net Margin
7.3%
9.6%
Revenue YoY
7.0%
3.1%
Net Profit YoY
1.1%
29.1%
EPS (diluted)
$1.75

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.

Revenue
AVY
AVY
VOYA
VOYA
Q1 26
$2.3B
$2.0B
Q4 25
$2.3B
$603.0M
Q3 25
$2.2B
$572.0M
Q2 25
$2.2B
$542.0M
Q1 25
$2.1B
$538.0M
Q4 24
$2.2B
$561.0M
Q3 24
$2.2B
$542.0M
Q2 24
$2.2B
$528.0M
Net Profit
AVY
AVY
VOYA
VOYA
Q1 26
$168.1M
$195.0M
Q4 25
$166.4M
$140.0M
Q3 25
$166.3M
$192.0M
Q2 25
$189.0M
$166.0M
Q1 25
$166.3M
$156.0M
Q4 24
$174.0M
$97.0M
Q3 24
$181.7M
$114.0M
Q2 24
$176.8M
$205.0M
Gross Margin
AVY
AVY
VOYA
VOYA
Q1 26
28.9%
Q4 25
28.7%
Q3 25
28.7%
Q2 25
28.8%
Q1 25
28.9%
Q4 24
27.9%
Q3 24
28.7%
Q2 24
29.6%
Operating Margin
AVY
AVY
VOYA
VOYA
Q1 26
10.7%
Q4 25
9.1%
28.0%
Q3 25
10.6%
53.7%
Q2 25
11.5%
34.7%
Q1 25
10.6%
32.2%
Q4 24
11.0%
21.4%
Q3 24
11.0%
21.4%
Q2 24
10.7%
52.3%
Net Margin
AVY
AVY
VOYA
VOYA
Q1 26
7.3%
9.6%
Q4 25
7.3%
23.2%
Q3 25
7.5%
33.6%
Q2 25
8.5%
30.6%
Q1 25
7.7%
29.0%
Q4 24
8.0%
17.3%
Q3 24
8.3%
21.0%
Q2 24
7.9%
38.8%
EPS (diluted)
AVY
AVY
VOYA
VOYA
Q1 26
$1.75
Q4 25
$2.16
$1.41
Q3 25
$2.13
$1.80
Q2 25
$2.41
$1.66
Q1 25
$2.09
$1.42
Q4 24
$2.17
$0.99
Q3 24
$2.25
$0.98
Q2 24
$2.18
$1.96

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AVY
AVY
VOYA
VOYA
Cash + ST InvestmentsLiquidity on hand
$255.1M
$969.0M
Total DebtLower is stronger
$3.2B
$2.5B
Stockholders' EquityBook value
$2.3B
$6.5B
Total Assets
$9.0B
$173.4B
Debt / EquityLower = less leverage
1.38×
0.39×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVY
AVY
VOYA
VOYA
Q1 26
$255.1M
$969.0M
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
Total Debt
AVY
AVY
VOYA
VOYA
Q1 26
$3.2B
$2.5B
Q4 25
$3.2B
$2.1B
Q3 25
$3.2B
$2.1B
Q2 25
$2.6B
$2.1B
Q1 25
$2.6B
$2.1B
Q4 24
$2.6B
$2.5B
Q3 24
$2.0B
$2.5B
Q2 24
$2.0B
$2.1B
Stockholders' Equity
AVY
AVY
VOYA
VOYA
Q1 26
$2.3B
$6.5B
Q4 25
$2.2B
$5.0B
Q3 25
$2.2B
$5.0B
Q2 25
$2.2B
$4.6B
Q1 25
$2.2B
$4.4B
Q4 24
$2.3B
$4.0B
Q3 24
$2.4B
$4.7B
Q2 24
$2.3B
$4.0B
Total Assets
AVY
AVY
VOYA
VOYA
Q1 26
$9.0B
$173.4B
Q4 25
$8.8B
$178.9B
Q3 25
$8.9B
$177.4B
Q2 25
$8.6B
$172.4B
Q1 25
$8.4B
$163.9B
Q4 24
$8.4B
$163.9B
Q3 24
$8.5B
$166.9B
Q2 24
$8.3B
$161.3B
Debt / Equity
AVY
AVY
VOYA
VOYA
Q1 26
1.38×
0.39×
Q4 25
1.43×
0.42×
Q3 25
1.45×
0.42×
Q2 25
1.19×
0.45×
Q1 25
1.19×
0.48×
Q4 24
1.11×
0.62×
Q3 24
0.85×
0.53×
Q2 24
0.89×
0.52×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AVY
AVY

Materials Group$1.6B72%
Solutions Group$649.2M28%

VOYA
VOYA

Premiums$744.0M37%
Fee income$604.0M30%
Other$574.0M28%
Other revenues$109.0M5%

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