Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $1,729 | $6,972 | $9,039 | $8,364 | $8,756 |
| Gross Profit | $484 | $1,923 | $2,404 | $2,278 | $2,531 |
| Operating Income | N/A | N/A | N/A | N/A | N/A |
| Net Income | N/A | $556 | $757 | $503 | $705 |
Over the analyzed five-year period, Avery Dennison experienced notable revenue expansion followed by moderate fluctuations. In 2020, revenue stood at about USD 1.73 billion, surging more than threefold to USD 6.97 billion in 2021—a significant jump that may reflect a rebound from prior conditions or a scaling of operations. Revenue then grew to approximately USD 9.04 billion in 2022, before a slight decline to USD 8.36 billion in 2023 and a recovery to USD 8.76 billion in 2024. Gross profit figures moved in tandem, rising from USD 484 million in 2020 to USD 1.92 billion in 2021, and then to around USD 2.40 billion in 2022. While operating income consistently reported as zero suggests either a lack of data disclosure or special accounting treatments, the available revenue and gross profit data indicate that the company maintained healthy profit margins through its scale expansion. Net income trends reveal some volatility. After recording no net income in 2020, the company generated USD 555.9 million in 2021, followed by an increase to USD 757.1 million in 2022—a growth of roughly 36% year-over-year. However, 2023 witnessed a decline to USD 503 million (approximately a 33% drop), before rebounding to USD 704.9 million in 2024, marking a recovery of nearly 40% from the previous year. Such significant swings in net income could be driven by operational cost changes, market demand fluctuations, or specific industry challenges in the labeling and packaging sector. Overall, the company’s sustained revenue and gross profit growth, alongside periods of strong net income recovery, suggest a fundamentally sound financial health and a resilient operating model, though the absence of reported operating income warrants further clarification.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.