Avery Dennison (AVY) Operating Margin (2009 - 2026)
Avery Dennison (AVY) posted quarterly Operating Margin of 12.6% for Q1 2026, down 17.0% year-over-year from 15.19% in Q1 2025, and up 1.69% quarter-over-quarter from 12.39% in Q4 2025.
Avery Dennison (AVY) Operating Margin (2009 - 2026) Analysis & Trends
Avery Dennison (AVY) has reported Operating Margin for 18 consecutive years, with 12.6% the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Margin fell 17.0% year-over-year to 12.6%; the TTM figure through Mar 2026 stood at 12.65% (down 18.0% YoY), while the FY2025 annual figure was 12.69%, down 5.0% from the prior year.
- Operating Margin climbed to 12.6% in Q1 2026 per AVY's latest filing, from 12.39% in the prior quarter.
- Across five years, Operating Margin topped out at 13.24% in Q3 2022 and bottomed at 9.27% in Q4 2022.
- Historically, Operating Margin has averaged 12.21% across 5 years, with a median of 12.45% in 2022.
- On a YoY basis, Operating Margin climbed as much as 310 bps in 2023 and fell as far as 212 bps in 2023.
- Avery Dennison's Operating Margin stood at 9.27% in 2022, then surged by 33 bps to 12.37% in 2023, then climbed by 4 bps to 12.81% in 2024, then dropped by 3 bps to 12.39% in 2025, then advanced by 2 bps to 12.6% in 2026.
- Business Quant data shows AVY's Operating Margin at 12.6% in Q1 2026, 12.39% in Q4 2025, and 12.69% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Smurfit Westrock | 25.64 Bn | 24.97 Bn | 1.40 Bn | 3.85% |
| 2 | Amcor | 22.34 Bn | 21.22 Bn | 1.34 Bn | 10.10% |
| 3 | Packaging Corp Of America | 22.32 Bn | 21.73 Bn | 512.50 Mn | 11.70% |
| 4 | International Paper | 21.79 Bn | 21.07 Bn | 1.66 Bn | 11.14% |
| 5 | Ball | 16.84 Bn | 16.17 Bn | 697.00 Mn | 9.63% |
| 6 | Avery Dennison | 14.00 Bn | 13.77 Bn | 729.40 Mn | 13.59% |
| 7 | Crown Holdings | 12.91 Bn | 12.25 Bn | 748.00 Mn | 12.65% |
| 8 | Sonoco Products | 5.87 Bn | 5.70 Bn | 392.38 Mn | 10.23% |
| 9 | Reynolds Consumer Products | 5.37 Bn | 5.30 Bn | 245.00 Mn | 14.62% |
| 10 | Silgan Holdings | 4.39 Bn | 4.04 Bn | 294.88 Mn | 9.19% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 13.59% |
| Mar 31, 2026 | 12.60% |
| Dec 31, 2025 | 12.39% |
| Sep 27, 2025 | 12.69% |
| Jun 28, 2025 | 12.91% |
| Mar 29, 2025 | 12.78% |
| Dec 28, 2024 | 12.81% |
| Sep 28, 2024 | 12.81% |
| Jun 29, 2024 | 12.92% |
| Mar 30, 2024 | 12.41% |
| Dec 30, 2023 | 12.37% |
| Sep 30, 2023 | 12.44% |
| Jul 1, 2023 | 11.18% |
| Apr 1, 2023 | 10.07% |
| Dec 31, 2022 | 9.27% |
| Oct 1, 2022 | 12.45% |
| Jul 2, 2022 | 13.24% |
| Apr 2, 2022 | 12.19% |
| Oct 2, 2021 | 12.43% |
| Jul 3, 2021 | 12.81% |