Avery Dennison Corp (AVY)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,530,700 | 2,277,500 | 2,404,200 | 2,312,800 | 1,923,300 |
| Revenue | US$ in thousands | 8,755,700 | 8,364,300 | 9,039,300 | 8,408,300 | 6,971,500 |
| Gross profit margin | 28.90% | 27.23% | 26.60% | 27.51% | 27.59% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,530,700K ÷ $8,755,700K
= 28.90%
The gross profit margin of Avery Dennison Corp has shown a relatively stable trend over the past five years. Starting at 27.59% in December 2020, it decreased slightly to 27.51% by December 2021. However, in the following years, there was some fluctuation, with the margin dropping to 26.60% by December 2022, then increasing to 27.23% by December 2023. The most significant improvement was seen by December 2024, where the margin rose to 28.90%.
Overall, despite some fluctuations, Avery Dennison Corp has managed to maintain a gross profit margin within a relatively narrow range, with a positive trend towards improvement by the end of the period, indicating effective cost management and potentially improving pricing strategies.
Peer comparison
Dec 31, 2024