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Avery Dennison AVY Materials Group — Segment expense

Other segment segments

Solutions Group
$590.7M-1.6%

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$6.87M+43.2%
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MTRNPerformance Materials — Other segment items
$260K-93.3%

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:SegmentReportingOtherItemAmount.

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)Three Months Ended / March 31, 2026March 29, 2025
Materials Group
Net sales to unaffiliated customers$1,649.3$1,480.1
Segment expense(1)1,395.11,249.8
Segment adjusted operating income$254.2$230.3
Solutions Group
Net sales to unaffiliated customers$649.2$668.2
Segment expense(1)590.7600.0
Segment adjusted operating income$58.5$68.2

Cover / Front Matter

FAQ

What is Avery Dennison's materials group — segment expense?
Avery Dennison (AVY) reported materials group — segment expense of $1.4B in Q1 2026.
How has Avery Dennison's materials group — segment expense changed year-over-year?
Avery Dennison's materials group — segment expense increased by 11.6% year-over-year, from $1.25B to $1.4B.
What is the long-term trend for Avery Dennison's materials group — segment expense?
Over 3 years (2022 to 2025), Avery Dennison's materials group — segment expense has grown at a -2.9% compound annual growth rate (CAGR), from $5.65B to $5.17B.
What does materials group — segment expense mean?
The total operating costs incurred by the Materials Group segment to produce and distribute its goods, including cost of goods sold, research and development, and selling, general, and administrative expenses. This metric tracks the cost structure required to maintain the segment's revenue stream.

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