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Avery Dennison vs Graphic Packaging Holding

Avery Dennison and Graphic Packaging Holding are similar in size: $8.86bn and $8.62bn of revenue in their latest fiscal years. Avery Dennison grew faster (1.1% against -2.2%). Avery Dennison kept more of each dollar of sales as profit: a net margin of 7.8% against 5.2%. Avery Dennison carries less debt relative to equity (166.5% against 167.0%).

Latest fiscal yearAvery DennisonAVY, 2025Graphic Packaging HoldingGPK, 2025
Revenue $8.86bn $8.62bn
Revenue growth 1.1% -2.2%
Net income $688m $444m
Operating margin — 9.3%
Net margin 7.8% 5.2%
Return on equity 30.2% 14.0%
Free cash flow $712m $841m
Cash $203m $261m
Total debt $3.73bn $5.57bn
Debt to equity 166.5% 167.0%
Dividend per share $3.70 —
Dividend yield 2.1% 4.7%
Share buybacks $572m $150m
Employees — 23,000
Market value $14.17bn $3.30bn
Price vs our value range Within our value range —
Moat score 68 (Moderate) 44 (Weak)
Insider trades, 12 months 0 buys, 26 sales 8 buys, 0 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.