Avery Dennison Corporation

AVYNYSEConsumer Cyclical● Active

$153.58

$-1.61(-1.03%)

Market Cap$11.7B

P/E Ratio—

52W High$199.54

52W Low$152.68

Avg Volume671K

Open$153.75

Beta0.83

Free Cash Flow Financials Revenue

Avery Dennison Corporation (AVY) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

AVY · free cash flow · updated Jun 8, 2026

Core FCF metrics

AVY · FCF · TTM · margin & CAGR

Free cash flow was $712.4M for FY2025 (fiscal year ending 2025-12-31), down 2.4% year-over-year The FCF margin was 8.0%. Five-year CAGR stands at +6.0%.

FY2025 Free Cash Flow$712.4M▼ -2.4% YoY

Trailing 12M (TTM)$872.9Mtrailing 4 quarters sum

FCF Margin8.0%$712.4M ÷ revenue

3-Year CAGR+2.5%FY2022 → FY2025

5-Year CAGR+6.0%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

AVY · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$881.4M(169M)$712.4M▼ 2.4%8.0%

FY2024$938.8M(209M)$730.0M▲ +35.0%8.3%

FY2023$826.0M(285M)$540.9M▼ 18.4%6.5%

FY2022$961.0M(299M)$662.5M▼ 14.5%7.3%

FY2022$1.05B(272M)$774.7M▲ +45.4%9.2%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

AVY · P/FCF · FCF yield · FCF per share

Avery Dennison Corporation (AVY) trades at a FCF yield of 7.45% and a price-to-free-cash-flow ratio of 13.6x. FCF per share stands at $11.28, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

7.45%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$11.28

TTM FCF ÷ Shares Outstanding

Price / FCF

x13.6

Share Price ÷ FCF per Share

EV / FCF (TTM)

x17.5

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

AVY · cash flow statement · operating / investing / financing

For FY2025, Avery Dennison Corporation generated $881.4M in operating cash flow and spent 169M in capital expenditures, yielding $712.4M in free cash flow.

Operating Activities

+$881.4M

Cash from core business operations

2025-12-31

Investing Activities

−$596.0M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$414.9M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($881.4M) − |CapEx| (169M) = FCF ($712.4M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Cyclical)

AVY vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Avery Dennison CorporationYOU

AVY

$712.4M-2.4%8.0%

Toyota Motor Corporation

Alibaba Group Holding Limited

BABA

−$50.72B-164.9%-5.0%

Loss

Consumer Cyclical · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Avery Dennison Corporation (AVY) reported free cash flow of $712.4M for FY2025 (fiscal year ending 2025-12-31), down 2.4% year-over-year. The FCF margin was 8.0%.

Based on available data, Avery Dennison Corporation has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $774.7M in FY2022. The 5-year CAGR stands at +6.0%.

Avery Dennison Corporation's FCF yield is 7.45% and price-to-FCF ratio is 13.6x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

AVY free cash flow · 8 questions

Avery Dennison Corporation free cash flow was $712.4M for FY2025, down 2.4% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $872.9M.

AVY free cash flowAVY FCFAVY FCF 2025AVY free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Avery Dennison Corporation · Avery Dennison Corporation SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026