AVY vs BALL: Avery Dennison and Ball compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Ball is the larger company, worth $15.2B, about 1.2 times Avery Dennison.
- Ball grew revenue faster over the last year (+19.7% vs +10.9%).
- On earnings, Ball is the cheaper stock (16.7x vs 18.6x).
- Ball's price assumes faster free cash flow growth: about 5% a year, against 3% for Avery Dennison (reverse DCF).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | AVY | BALL |
|---|---|---|
| Market cap | $12.6B | $15.2B |
| Share price | $167.82 | $58.46 |
| Revenue (last fiscal year) | $8.9B | $13.2B |
| Free cash flow (last fiscal year) | $712M | $788M |
| Revenue growth, last year | +10.9% | +19.7% |
| Revenue growth per year, last 5 fiscal years | +1.3% | -1.2% |
| Operating margin | — | — |
| Net margin | 7.6% | 6.6% |
| Return on equity | 30.4% | 16.5% |
| P/E (trailing) | 18.6x | 16.7x |
| Price / free cash flow | 17.7x | 19.3x |
| EV / EBITDA | 11.5x | 10.9x |
| FCF growth the price implies | 3.4% | 4.5% |
| Dividend yield | 2.2% | 1.4% |
| Debt / equity | 2.97x | 2.50x |
| Fundamental grade | C | C |
| Superinvestors holding it | 2 | 3 |
| Insider purchases, last 12 months | 0 | 1 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Avery Dennison
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $8.4B | $792M | — |
| 2022 | $9.0B | $683M | — |
| 2023 | $8.4B | $561M | — |
| 2024 | $8.8B | $730M | — |
| 2025 | $8.9B | $712M | — |
Ball
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $13.8B | $34M | 9.3% |
| 2022 | $13.4B | -$1.4B | 9.1% |
| 2023 | $12.1B | $818M | 10.6% |
| 2024 | $11.8B | -$369M | — |
| 2025 | $13.2B | $788M | — |
Where the revenue comes from
Avery Dennison · by segments, 2025
Materials Group$6.1B69%
Solutions Group$2.8B31%
Ball · by segments, 2025
Beverage packaging, North And Central America$6.3B51%
Beverage packaging, EMEA$4.0B32%
Beverage packaging, South America$2.2B17%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open AVY in InvestinglyQuestions
Which is bigger, Avery Dennison or Ball?
Ball (BALL), at $15.2B against $12.6B.
Is AVY or BALL cheaper?
By trailing P/E, Ball (16.7x) is cheaper than Avery Dennison (18.6x). A lower multiple can also mean the market expects less growth.
Which grows faster, AVY or BALL?
Ball: revenue grew +19.7% over the last year, against +10.9%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.