AVY Avery Dennison margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 63

Gross margin

28.8%

Operating margin

12.7%

EBITDA margin

15.6%

Net margin

7.6%

Based on the latest figures, Avery Dennison reports a gross margin of 28.8%, an operating margin of 12.7%, an EBITDA margin of 15.6%, and a net margin of 7.6%. Gross margin led the available margin improvements with a 0.2 percentage-point increase, while EBITDA margin fell by 0.4 percentage points.

AVY margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Avery Dennison recorded average margins of 28.61% gross, 12.55% operating, 15.33% EBITDA, and 7.54% net. The current gross, operating, EBITDA, and net margins are all above their three-year averages.

AVY margin expansion

Year-over-year margin changes in percentage points

Gross margin expanded by 0.2 percentage points, but operating margin contracted by 0.1 percentage points, EBITDA margin by 0.4 percentage points, and net margin by 0.3 percentage points.

Gross margin expansion

0.2pp

Operating margin expansion

-0.1pp

EBITDA margin expansion

-0.4pp

Net margin expansion

-0.3pp

AVY Gross margin

Avery Dennison's gross margin averaged 28.61% over the last 3 years. Against its three-year average, Avery Dennison's gross margin is currently 28.8%, 0.2 percentage points above its three-year average. Over the last 3 years, Avery Dennison's gross margin peaked at 29% in Jun 2026 and reached a low of 27.2% in Dec 2023.

AVY Operating margin

Reviewing the last 3 years, Avery Dennison recorded an average operating margin of 12.55%. The latest operating margin for Avery Dennison is 12.7%, 0.2 percentage points above its three-year average. The highest operating margin for Avery Dennison was 12.8% in Jun 2026, while the lowest was 11.5% in Dec 2023.

AVY EBITDA margin

Avery Dennison's EBITDA margin averaged 15.33% over the last 3 years. The current EBITDA margin of 15.6% is 0.3 percentage points above its three-year average. Over the last 3 years, Avery Dennison's EBITDA margin peaked at 16% in Sep 2025 and reached a low of 13.3% in Dec 2023.

AVY Net margin

Avery Dennison's net margin averaged 7.54% over the last 3 years. Compared with its three-year average, Avery Dennison's current net margin is 7.6% and is 0.1 percentage points above its three-year average. Over the last 3 years, Avery Dennison's net margin peaked at 8.1% in Jun 2025 and reached a low of 6% in Dec 2023.

AVY margin group comparison

Margins compared with peer-group, industry and sector averages

Avery Dennison's gross margin of 28.8% is above the industry average but below the Consumer Cyclical sector average. Compared to its Consumer Cyclical sector average of 36.3%, Avery Dennison's gross margin is 21% lower.

AVY margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Avery Dennison's gross margin?

For the period ending Sep 30, 2026, AVY recorded a gross margin of 28.8%.

What is Avery Dennison's operating margin?

As of Sep 30, 2026, AVY has an operating margin of 12.7%.

What is Avery Dennison's EBITDA margin?

As of Sep 30, 2026, AVY has an EBITDA margin of 15.6%.

What is Avery Dennison's net margin?

As of Sep 30, 2026, AVY has a net margin of 7.6%.

What are the average margins of AVY?

Looking back over 3 years, AVY recorded average margins of 28.6% gross, 12.6% operating, 15.3% EBITDA, and 7.5% net.

What are the highest historical margins of AVY?

Within the 5-year period, AVY recorded its highest margins at 29% gross in Jun 2026, 12.8% operating in Jun 2026, 16% EBITDA in Sep 2025, and 8.9% net in Oct 2022.

What are the lowest historical margins of AVY?

Looking back across 5 years, AVY reached its lowest margins at 26.1% gross in Jul 2023, 10.8% operating in Jul 2023, 12.9% EBITDA in Sep 2023, and 5.8% net in Sep 2023.