Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.33B | $6.09B | $6.61B | $7.16B | $7.07B | $6.97B | $9.04B | $8.36B | $8.76B | $8.86B |
| Revenue growth | — | -3.9% | 8.7% | 8.2% | -1.2% | -1.4% | 29.7% | -7.5% | 4.7% | 1.1% |
| Gross profit | $1.65B | $1.70B | $1.81B | $1.92B | $1.90B | $1.92B | $2.40B | $2.28B | $2.53B | $2.55B |
| Gross margin | 26.1% | 27.9% | 27.4% | 26.8% | 26.9% | 27.6% | 26.6% | 27.2% | 28.9% | 28.8% |
| Net income | — | $321M | $282M | $467M | $304M | $556M | $757M | $503M | $705M | $688M |
| Net margin | — | 5.3% | 4.3% | 6.5% | 4.3% | 8.0% | 8.4% | 6.0% | 8.1% | 7.8% |
| EPS (diluted) | $2.56 | $3.54 | $3.13 | $5.28 | $3.57 | $6.61 | $9.21 | $6.20 | $8.73 | $8.79 |
| Fiscal year | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $355M | $582M | $646M | $458M | $747M | $751M | $961M | $826M | $939M | $881M |
| Capital expenditures | $148M | $177M | $191M | $227M | $219M | $201M | $278M | $265M | $209M | $169M |
| Free cash flow | $207M | $405M | $455M | $231M | $527M | $550M | $683M | $561M | $730M | $712M |
| Share buybacks | $356M | $262M | $130M | $393M | $238M | $104M | $380M | $138M | $248M | $572M |
| Dividends paid | $125M | $143M | $156M | $175M | $190M | $197M | $239M | $257M | $278M | $288M |
| Fiscal year | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $207M | $159M | $224M | $232M | $254M | $252M | $167M | $215M | $329M | $203M |
| Total assets | $4.36B | $4.40B | $5.14B | $5.18B | $5.49B | $6.08B | $7.95B | $8.21B | $8.40B | $8.80B |
| Long-term debt | — | — | — | $1.75B | $1.48B | $2.03B | $2.50B | $2.62B | $2.55B | $3.20B |
| Shareholders' equity | $1.05B | $926M | $1.03B | $955M | $1.20B | $1.48B | $2.03B | $2.13B | $2.31B | $2.24B |
| Retained earnings | $2.12B | $2.47B | $2.60B | $2.86B | $2.98B | $3.35B | $4.41B | $4.69B | $5.15B | $5.60B |
| Shares (wtd avg diluted) | 95.7M | 90.7M | 90.1M | 88.6M | 85.0M | 84.1M | 82.2M | 81.1M | 80.7M | 78.3M |
Every figure is extracted from Avery Dennison Corp’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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