Company / R&D Expense
Avery Dennison R&D Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$136.6M
FY2025
5-year range
$92.6M / $137.8M
FY2021-FY2025
Trend
-0.9%
vs FY2024
Sector context
#11 of 53
Materials
What the data says
Avery Dennison's r&d expense of $137M is higher than 79% of companies in the Materials sector (FY2025). R&D Expense has fluctuated over the past 10 years, ranging from $90M in FY2016 to $138M in FY2024.
Based on SEC 10-K filings.
$137M in FY2025 with a 5-year CAGR of +6.8%. Top quartile in the Materials sector.
Remained stable around $137M over the past 2 years.
Materials sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +6.6%
- 5-Year CAGR
- +6.8%
- 10-Year CAGR
- -
Sector benchmark
Top 21% in MaterialsTop 21% of 53This company $136.6M Sector average $131.8M
▼
+3.6% above sector average
Key checks
Key Insights
- 5-year CAGR of +6.8%, indicating consistent growth.
- In FY2025, r&d expense decreased 0.9% year-over-year.
- Ranks #11 out of 53 companies in the Materials sector.
- Peak r&d expense was recorded in FY2024.
Company context
Key Data Points
- Strong return on equity: 31.5%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $136.6M | -0.9% |
| FY2024 | $137.8M | +1.5% |
| FY2023 | $135.8M | +20.4% |
| FY2022 | $112.8M | +21.8% |
| FY2021 | $92.6M | -5.7% |
| FY2020 | $98.2M | +5.1% |
| FY2019 | $93.4M | -4.9% |
| FY2018 | $98.2M | +5.1% |
| FY2017 | $93.4M | +4.1% |
| FY2016 | $89.7M | -6.6% |
As of FY2025 · SEC 10-K · Updated Jul 2, 2026