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Avery Dennison AVY Materials Group — Goodwill

Other segment segments

Solutions Group
$1.38B+0.6%

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Other financials

Income statement

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Revenue$2.3B+7.0%
Gross profit$664.8M+7.0%
Net income$168.1M+1.1%
EPS (diluted)$2.18+4.3%

Balance sheet

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Cash & equivalents$255.1M+30.2%
Total debt$3.8B+9.6%
Total equity$2.3B+6.0%
Total assets$9.0B+7.5%

Cash flow

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Operating cash flow$136.5M+937%
CapEx$28.3M-21.4%
Free cash flow$108.2M+307%

Valuation

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Market cap$13.31B+1.8%
Enterprise value$16.84B+2.7%
P/E19.3×+0.9×
P/S1.5×0.0×

Profitability

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Gross margin28.8%0.0pp
Net margin7.7%-0.3pp
FCF margin9.7%+2.8pp

Returns & leverage

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Return on equity30.9%-1.1pp
Debt / equity1.6×+0.1×
Current ratio1.1×+0.1×

Where this comes from

Reported directly by Avery Dennison in its filing.

Tagged under the XBRL concept us-gaap:Goodwill.

The source filing: Avery Dennison’s 10-Q, filed May 5, 2026.

Filed
May 4, 2026, 8:00 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000008818-26-000109
(In millions)Materials GroupSolutions GroupTotal
Goodwill as of December 31, 2025$886.0$1,386.5$2,272.5
Acquisition adjustments(1).2.2
Translation adjustments(5.3)(4.4)(9.7)
Goodwill as of March 31, 2026$880.9$1,382.1$2,263.0

Cover / Front Matter

FAQ

What is Avery Dennison's materials group — goodwill?
Avery Dennison (AVY) reported materials group — goodwill of $880.9M in Q1 2026.
How has Avery Dennison's materials group — goodwill changed year-over-year?
Avery Dennison's materials group — goodwill increased by 42.8% year-over-year, from $617M to $880.9M.
What is the long-term trend for Avery Dennison's materials group — goodwill?
Over 2 years (2023 to 2025), Avery Dennison's materials group — goodwill has grown at a 5.8% compound annual growth rate (CAGR), from $2.49B to $2.79B.
What does materials group — goodwill mean?
Represents the intangible asset value recorded when the Materials Group segment acquires another business for a price exceeding the fair market value of its net identifiable assets. This reflects the premium paid for brand reputation, customer relationships, and synergies specific to the materials and labeling business unit.

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