Avery Dennison vs Sonoco Products
Avery Dennison is the larger business, with $8.86bn of revenue in fiscal 2025 against $7.52bn for Sonoco Products (1.2 times as much). Sonoco Products grew faster (41.7% against 1.1%). Sonoco Products kept more of each dollar of sales as profit: a net margin of 13.3% against 7.8%. Sonoco Products carries less debt relative to equity (119.7% against 166.5%).
| Latest fiscal year | Avery DennisonAVY, 2025 | Sonoco ProductsSON, 2025 |
|---|---|---|
| Revenue | $8.86bn | $7.52bn |
| Revenue growth | 1.1% | 41.7% |
| Net income | $688m | $1.00bn |
| Operating margin | — | 13.5% |
| Net margin | 7.8% | 13.3% |
| Return on equity | 30.2% | 34.1% |
| Free cash flow | $712m | $346m |
| Cash | $203m | $378m |
| Total debt | $3.73bn | $4.33bn |
| Debt to equity | 166.5% | 119.7% |
| Dividend per share | $3.70 | $2.11 |
| Dividend yield | 2.1% | 4.3% |
| Share buybacks | $572m | $10.9m |
| Employees | — | 22,000 |
| Market value | $14.17bn | $4.84bn |
| Price vs our value range | Within our value range | Within our value range |
| Moat score | 68 (Moderate) | 55 (Moderate) |
| Insider trades, 12 months | 0 buys, 26 sales | 3 buys, 3 sales |