Avery Dennison Corp (AVY)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 704,900 | 503,000 | 757,100 | 740,100 | 555,900 |
| Revenue | US$ in thousands | 8,755,700 | 8,364,300 | 9,039,300 | 8,408,300 | 6,971,500 |
| Net profit margin | 8.05% | 6.01% | 8.38% | 8.80% | 7.97% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $704,900K ÷ $8,755,700K
= 8.05%
The net profit margin of Avery Dennison Corp has shown fluctuations over the past five years. In December 2020, the net profit margin was 7.97%, which increased to 8.80% by December 2021. However, by December 2022, the net profit margin decreased to 8.38%. Subsequently, there was a notable drop in the net profit margin to 6.01% by December 2023, indicating a challenge in maintaining profitability. Nevertheless, the company was able to improve its performance by increasing the net profit margin to 8.05% by December 2024. Overall, Avery Dennison Corp has demonstrated the ability to manage its profitability, with fluctuations in net profit margin reflecting dynamic business conditions and management strategies.
Peer comparison
Dec 31, 2024