TTM
12.4%
YoY change
−0.41pp
Trough year (1990)
2.1%
Peak year (2024)
12.9%
Latest annual
12.5%
Operating Margin history chart for Avery Dennison (AVY) from 1985 to 2025
Latest: 12.5%
Operating Margin change chart for Avery Dennison (AVY) from 1985 to 2025
Latest: −0.41pp
Operating Margin history table for Avery Dennison (AVY) from 1985 to 2025
| 2025 | 12.5% | -0.41pp | ||
| 2024 | 12.9% | +1.46pp | ||
| 2023 | 11.4% | -0.44pp | ||
| 2022 | 11.9% | -0.50pp | ||
| 2021 | 12.4% | -0.19pp | ||
| 2020 | 12.6% | +0.96pp | ||
| 2019 | 11.6% | +0.29pp | ||
| 2018 | 11.3% | -0.05pp | ||
| 2017 | 11.4% | +1.51pp | ||
| 2016 | 9.8% | +0.97pp | ||
| 2015 | 8.9% | +0.31pp | ||
| 2014 | 8.6% | +0.53pp | ||
| 2013 | 8.0% | +1.65pp | ||
| 2012 | 6.4% | +0.33pp | ||
| 2011 | 6.1% | +0.75pp | ||
| 2010 | 5.3% | +0.04pp | ||
| 2009 | 5.3% | -1.39pp | ||
| 2008 | 6.7% | -2.54pp | ||
| 2007 | 9.2% | -0.08pp | ||
| 2006 | 9.3% | +0.36pp | ||
| 2005 | 8.9% | +0.10pp | ||
| 2004 | 8.8% | -0.06pp | ||
| 2003 | 8.9% | -1.59pp | ||
| 2002 | 10.5% | -0.30pp | ||
| 2001 | 10.8% | -1.58pp | ||
| 2000 | 12.4% | +0.71pp | ||
| 1999 | 11.6% | +0.91pp | ||
| 1998 | 10.7% | +0.48pp | ||
| 1997 | 10.2% | +0.76pp | ||
| 1996 | 9.5% | +0.90pp | ||
| 1995 | 8.6% | +1.03pp | ||
| 1994 | 7.6% | +0.83pp | ||
| 1993 | 6.7% | +0.15pp | ||
| 1992 | 6.6% | +0.99pp | ||
| 1991 | 5.6% | +3.44pp | ||
| 1990 | 2.1% | -7.18pp | ||
| 1989 | 9.3% | -0.26pp | ||
| 1988 | 9.6% | +1.08pp | ||
| 1987 | 8.5% | -0.45pp | ||
| 1986 | 9.0% | -1.00pp | ||
| 1985 | 10.0% | — |
- 202512.5%-0.41pp
- 202412.9%+1.46pp
- 202311.4%-0.44pp
- 202211.9%-0.50pp
- 202112.4%-0.19pp
- 202012.6%+0.96pp
- 201911.6%+0.29pp
- 201811.3%-0.05pp
- 201711.4%+1.51pp
- 20169.8%+0.97pp
- 20158.9%+0.31pp
- 20148.6%+0.53pp
- 20138.0%+1.65pp
- 20126.4%+0.33pp
- 20116.1%+0.75pp
- 20105.3%+0.04pp
- 20095.3%-1.39pp
- 20086.7%-2.54pp
- 20079.2%-0.08pp
- 20069.3%+0.36pp
- 20058.9%+0.10pp
- 20048.8%-0.06pp
- 20038.9%-1.59pp
- 200210.5%-0.30pp
- 200110.8%-1.58pp
- 200012.4%+0.71pp
- 199911.6%+0.91pp
- 199810.7%+0.48pp
- 199710.2%+0.76pp
- 19969.5%+0.90pp
- 19958.6%+1.03pp
- 19947.6%+0.83pp
- 19936.7%+0.15pp
- 19926.6%+0.99pp
- 19915.6%+3.44pp
- 19902.1%-7.18pp
- 19899.3%-0.26pp
- 19889.6%+1.08pp
- 19878.5%-0.45pp
- 19869.0%-1.00pp
- 198510.0%—
Operating Margin values are taken from Avery Dennison's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Margin at Avery Dennison (AVY)
According to Avery Dennison's latest reported financial statements, the company's latest reported operating margin is 12.4%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
2025's annual operating margin for Avery Dennison (AVY) came in at 12.47% – contracted 0.4 percentage points year-over-year.
12.88% stands as the all-time-high annual operating margin, posted in 2024, against a low of 2.15% during 1990.
Avery Dennison Operating Margin by Year
Avery Dennison Operating Margin 2025: 12.5%
Avery Dennison posted operating margin of 12.47% in 2025, contracted 0.4 percentage points from 2024.
Avery Dennison Operating Margin 2024: 12.9%
In 2024, Avery Dennison reported operating margin of 12.88%, expanded 1.5 percentage points from 2023. This figure represents the highest annual value in the available history.
Avery Dennison Operating Margin 2023: 11.4%
Avery Dennison operating margin in 2023 was 11.42%, contracted 0.4 percentage points from 2022.
Avery Dennison Operating Margin 2022: 11.9%
2022's operating margin for Avery Dennison came in at 11.86%, contracted 0.5 percentage points from 2021.
Avery Dennison Operating Margin 2021: 12.4%
Avery Dennison operating margin in 2021 was 12.37%.
See more financial history for Avery Dennison (AVY).
Sector peers by Operating Margin
Consumer Cyclical peers of Avery Dennison (AVY), ranked by their latest operating margin
| 46.0% | |
| 34.3% | |
| 22.2% | |
| 12.4% | |
| 12.4% | |
| 11.5% | |
| 5.8% | |
| 5.0% |
- 46.0%
- 22.2%
- 12.4%
- 12.4%
- 11.5%
- 5.8%
- 5.0%
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