Edwyn
Over the five-year period, Avery Dennison’s revenue and gross profit figures show substantial growth and some volatility. In 2020, the company reported revenue of $1.73 billion and a gross profit of $484 million. This changed dramatically in 2021 when revenue jumped to $6.97 billion and gross profit increased to $1.92 billion—a growth of roughly 300% and 300%, respectively, compared to 2020. The trend continued into 2022 with revenue reaching $9.04 billion and gross profit climbing to $2.40 billion, representing nearly a 30% increase year-over-year from 2021, before experiencing a slight decline in 2023 to $8.36 billion in revenue and $2.28 billion in gross profit. In 2024, the company rebounded with revenue at $8.76 billion and gross profit at $2.53 billion. Notably, operating income is consistently reported as zero, so our focus remains on revenue, gross profit, and net income. Net income followed an upward trajectory from 2020’s zero to $555.9 million in 2021, then increased modestly to $757.1 million in 2022 before dipping to $503 million in 2023, and rising again to $704.9 million in 2024. These fluctuations indicate a volatile net margin profile, with margins roughly around 8% in most years except for the dip in 2023 (about 6%). Given Avery Dennison’s core role in labeling and packaging—a sector sensitive to global supply chain and market demand cycles—the significant jump post-2020 implies recovery and strategic adaptation in a recovering global economy. Overall, the data points to a company with robust gross profit generation and revenue expansion, though the absence of operating income figures suggests a need for deeper insight into operational efficiencies. The short-term variations warrant monitoring, but the overall financial performance appears sound and sustainable.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.