Avery Dennison Corp (AVY)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 953,500 | 913,700 | 859,000 | 760,800 | 694,700 | 662,300 | 750,200 | 897,900 | 999,300 | 1,074,100 | 1,026,000 | 993,400 | 992,600 | 1,003,900 | 977,300 | 825,300 | 737,300 | 647,300 | 629,400 | 714,800 |
| Revenue (ttm) | US$ in thousands | 8,755,700 | 8,680,500 | 8,595,400 | 8,450,600 | 8,364,300 | 8,279,700 | 8,498,500 | 8,755,000 | 9,039,300 | 9,196,600 | 8,951,300 | 8,706,300 | 8,408,300 | 8,216,000 | 7,873,300 | 7,299,800 | 6,971,500 | 6,753,500 | 6,785,800 | 7,053,000 |
| Pretax margin | 10.89% | 10.53% | 9.99% | 9.00% | 8.31% | 8.00% | 8.83% | 10.26% | 11.06% | 11.68% | 11.46% | 11.41% | 11.81% | 12.22% | 12.41% | 11.31% | 10.58% | 9.58% | 9.28% | 10.13% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $953,500K ÷ $8,755,700K
= 10.89%
The pretax margin of Avery Dennison Corp has displayed fluctuations over the period analyzed. It started at 10.13% in March 2020, dipped to 8.00% in September 2023, before showing signs of recovery by December 2024 with a pretax margin of 10.89%. The highest pretax margin was recorded in June 2021 at 12.41%. Despite some fluctuations, the trend seems to indicate a stabilization around the 10-12% range in recent quarters. This shows the company's ability to effectively manage its operating expenses relative to its revenue before accounting for taxes, with potential variations influenced by factors such as economic conditions, operational efficiency, and pricing strategies.
Peer comparison
Dec 31, 2024