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.