Avery Dennison (AVY) Return on Invested Capital [ROIC] (2009 - 2026)
Avery Dennison's Return on Invested Capital [ROIC] came in at 14.33% for Q2 2026, down 0.21 percentage points from 14.54% a year earlier but up 0.45 percentage points from the prior quarter.
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Analysis
Avery Dennison (AVY) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2025, Avery Dennison's Return on Invested Capital [ROIC] was 14.61%, down 0.61 percentage points from FY2024.
- Return on Invested Capital [ROIC] carries a four-year change of -3.87 percentage points (FY2021 to FY2025).
- Going back by year, Return on Invested Capital [ROIC] was 15.22% in FY2024 (+1.93 pp), 13.28% in FY2023 (-2.72 pp), 16.00% in FY2022 (-2.48 pp) and 18.49% in FY2021.
- The five-year range for quarterly Return on Invested Capital [ROIC] is 11.87% (Q3 2023) to 20.66% (Q3 2022).
- Year-over-year, Return on Invested Capital [ROIC] has declined for four consecutive quarters, with an average year-over-year change of +0.37 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Invested Capital [ROIC] over five years came in Q3 2024 (a gain of 2.76 percentage points), and the weakest in Q3 2023 (a drop of 8.78 percentage points).
- Business Quant data shows AVY's Return on Invested Capital [ROIC] at 13.88% (Q1 2026), 13.97% (Q4 2025) and 13.87% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 239.54 Bn | 223.24 Bn | 4.44 Bn | 10.33% |
| 2 | Corning | 96.61 Bn | 88.91 Bn | 1.81 Bn | 11.02% |
| 3 | Sherwin Williams | 85.84 Bn | 84.86 Bn | 3.28 Bn | 19.47% |
| 4 | Air Products & Chemicals | 69.53 Bn | 72.40 Bn | - | - |
| 5 | LyondellBasell Industries | 39.13 Bn | 27.31 Bn | 1.50 Bn | 8.97% |
| 6 | Nutrien | 34.78 Bn | 31.35 Bn | 1.86 Bn | 13.43% |
| 7 | Ppg Industries | 27.48 Bn | 20.55 Bn | 1.76 Bn | 11.09% |
| 8 | Qnity Electronics | 25.83 Bn | 22.27 Bn | 743.00 Mn | 8.70% |
| 9 | Ati | 24.82 Bn | 22.90 Bn | 380.20 Mn | 16.48% |
| 10 | Avery Dennison | 14.29 Bn | 13.34 Bn | 654.80 Mn | 14.42% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 14.42% |
| Jun 30, 2026 | 14.33% |
| Mar 31, 2026 | 13.88% |
| Dec 31, 2025 | 13.97% |
| Sep 27, 2025 | 13.87% |
| Jun 28, 2025 | 14.54% |
| Mar 29, 2025 | 14.95% |
| Dec 28, 2024 | 14.97% |
| Sep 28, 2024 | 14.63% |
| Jun 29, 2024 | 14.45% |
| Mar 30, 2024 | 13.78% |
| Dec 30, 2023 | 12.98% |
| Sep 30, 2023 | 11.87% |
| Jul 1, 2023 | 12.41% |
| Apr 1, 2023 | 14.04% |
| Dec 31, 2022 | 15.83% |
| Oct 1, 2022 | 20.87% |
| Jul 2, 2022 | 23.89% |
| Oct 2, 2021 | 31.59% |
| Jul 3, 2021 | 34.09% |
API Access
Avery Dennison Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=AVY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "AVY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=AVY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();