Avery Dennison (AVY) FY2025 10-K Annual Report
Avery Dennison (AVY) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 25, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Avery Dennison FY2025 10-K Analysis
Business Overview
- • Global leader in materials science and digital ID solutions; two segments: Materials Group (~69% of sales) and Solutions Group (~31%)
- • Acquired Taylor Adhesives (flooring adhesives) for ~$390M in 2025, expanding materials science into new end-market
Management Discussion & Analysis
- • Revenue $8,855.5M in 2025, up from $8,755.7M in 2024 (+1.1% YoY); organic sales flat, higher volume offset by raw material deflation-related price reductions
- • Net income $688M vs $704.9M in 2024; gross margin 28.7% vs 28.9%; effective tax rate 25.6% vs 26.1%
Risk Factors
- • Tariffs: U.S. 10% global baseline tariff + escalated China/EU rates caused low single-digit % sales decline in apparel categories Q2–Q4 2025; IEEPA Supreme Court ruling Feb 2026 adds policy instability
- • ~69% of net sales outside U.S. in 2025; ~40% from emerging markets with China political/regulatory exposure and Russia market fully suspended since 2022
Avery Dennison FY2025 Key Financial MetricsXBRL
Revenue
$8.9B
▲ +1.1% YoY
Net Income
$688M
▼ -2.4% YoY
Gross Margin
28.8%
▼ -15bp YoY
Net Margin
7.8%
▼ -28bp YoY
ROE
30.7%
▲ +20bp YoY
Total Assets
$8.8B
▲ +4.7% YoY
EPS (Diluted)
$8.79
▲ +0.7% YoY
Operating Cash Flow
$881M
▼ -6.1% YoY
Source: XBRL data from Avery Dennison FY2025 10-K filing on SEC EDGAR. All figures in USD.
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