What is the primary revenue source for Avery Dennison (AVY)?

According to the latest financial reports, the company's revenue is driven by its core business segments and operational services. You can explore the exact breakdown and proportions of each revenue stream using the interactive charts on this page.

How can I visualize and analyze AVY's financial statements?

gkcal provides interactive Sankey diagrams and profit waterfall charts that map out Avery Dennison's total revenue, cost of goods sold, operating expenses, and net income, making it easy to understand their business model and cash flow at a glance.

How Avery Dennison Makes Money: AVY Revenue Breakdown (2026)

Operations

Where did the money come from, and where was it spent?

Insufficient data

Current data explains this period's structure but is insufficient for a year-over-year conclusion.

The largest revenue segment accounts for 72.36% of revenue, indicating concentration.

Revenue: USD 4.76B
Largest revenue segment share (Materials Group): 72.36%
Cost of revenue: USD 3.37B
Selling, general and administrative: USD 769.90M

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Largest revenue segment share (Materials Group)Materials Group · segment_value / revenue * 100
RevenueNet sales · RevenueFromContractWithCustomerExcludingAssessedTax
Cost of revenueCost of products sold · CostOfGoodsAndServicesSold
Selling, general and administrativeMarketing, general and administrative expense · SellingGeneralAndAdministrativeExpense

Assets

Where is the money tied up, and how is the company financed?

Insufficient data

Current data explains this period's structure but is insufficient for a year-over-year conclusion.

Goodwill: USD 2.26B
Accounts receivable: USD 1.79B
Property, plant and equipment: USD 1.57B
Shareholder equity: USD 2.32B

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Shareholder equityTotal shareholders’ equity · StockholdersEquity
GoodwillGoodwill · Goodwill
Accounts receivableTrade accounts receivable, less allowances of $29.2 and $28.1 at june 30, 2026 and december 31, 2025, respectively · AccountsReceivableNetCurrent
Property, plant and equipmentProperty, plant and equipment, net · PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization

Some conclusions lack complete source metrics and should be interpreted cautiously.

Cash

Did accounting profit ultimately turn into cash?

Steady

Operating cash flow covers accounting profit, showing good cash conversion.

Operating cash flow equals 146.35% of net income.

Free cash flow remains positive after capital expenditure.

Net income: USD 372.20M
Operating cash flow: USD 544.70M
Cash conversion: 146.35%
Free cash flow: USD 477.20M

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Net incomeNet income · NetIncomeLoss
Free cash flowcfo - capex
Cash conversionoperating_cash_flow / net_income * 100
Operating cash flowsum(waterfull.operating)

Shareholders

Did the money earned actually make its way back to shareholders?

Steady

Dividends and net buybacks are covered by free cash flow, so cash genuinely reached shareholders.

Cash dividends: USD 148.50M
Share repurchases: USD 198.20M
Net shareholder return: USD 346.70M

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Cash dividendsPayments of ordinary dividends, common stock · PaymentsOfDividendsCommonStock · abs(node_value)
Net shareholder returndividends_paid + share_repurchases - stock_issuance_proceeds
Share repurchasesPayments for repurchase of common stock · PaymentsForRepurchaseOfCommonStock · abs(node_value)

Diluted share count is missing, so dilution cannot be assessed against buybacks.

Financial Insights

Please select a report to view

Where did the money come from, and where was it spent?

Where is the money tied up, and how is the company financed?

Did accounting profit ultimately turn into cash?

Did the money earned actually make its way back to shareholders?