Avery Dennison Corp (AVY)
Net profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 503,000 | 482,800 | 566,000 | 680,100 | 757,100 | 816,900 | 759,500 | 728,800 | 740,100 | 748,900 | 735,300 | 631,200 | 555,900 | 526,900 | 521,000 | 584,700 | 303,600 | 238,200 | 243,100 | 195,300 |
| Revenue (ttm) | US$ in thousands | 8,271,700 | 8,194,300 | 8,422,900 | 8,690,500 | 8,955,200 | 9,115,000 | 8,873,800 | 8,633,600 | 8,343,800 | 8,175,900 | 7,834,700 | 7,257,200 | 6,901,200 | 6,678,800 | 6,707,700 | 6,975,400 | 7,012,100 | 7,007,900 | 7,025,200 | 7,103,200 |
| Net profit margin | 6.08% | 5.89% | 6.72% | 7.83% | 8.45% | 8.96% | 8.56% | 8.44% | 8.87% | 9.16% | 9.39% | 8.70% | 8.06% | 7.89% | 7.77% | 8.38% | 4.33% | 3.40% | 3.46% | 2.75% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $503,000K ÷ $8,271,700K
= 6.08%
The net profit margin of Avery Dennison Corp has shown some fluctuations over the past few quarters. The margin was relatively high in the beginning of the observation period, with values around 8% to 9%. However, there was a decline in the margin towards the end of the period, dropping to as low as 2.75%. This suggests varying levels of profitability for the company during the different quarters. Overall, the company has managed to maintain a positive net profit margin throughout the period, indicating a generally healthy bottom line performance.
Peer comparison
Dec 31, 2023
Company name
Symbol
Net profit margin
Avery Dennison Corp
AVY
6.08%
Kimberly-Clark Corporation
KMB
8.66%