AVY vs. EQX: Avery Dennison vs. Equinox Gold Stock Comparison

November 11, 2026

How do Avery Dennison (AVY) and Equinox Gold (EQX) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Avery Dennison (AVY) and Equinox Gold (EQX) both fall under the Materials industry group, but AVY is classified in Containers & Packaging while EQX is classified in Metals & Mining.

Company profile comparison for Avery Dennison (AVY) and Equinox Gold (EQX)
Profile Item	AVY	EQX
Name	Avery Dennison Corporation	Equinox Gold Corp.
Country/Region	United States	Canada
GICS Sector	Materials	Materials
GICS Industry Group	Materials	Materials
GICS Industry	Containers & Packaging	Metals & Mining
GICS Sub-Industry	Paper & Plastic Packaging Products & Materials	Gold
Market Capitalization	14.10 billion USD	13.45 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE American
Listing Date	February 21, 1973	January 2, 2019
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

AVY

EQX

GSPC

Avery Dennison (AVY) vs. Equinox Gold (EQX), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Avery Dennison (AVY) and Equinox Gold (EQX). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Avery Dennison (AVY) and Equinox Gold (EQX). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Avery Dennison (AVY) and Equinox Gold (EQX)
Metric	AVY	EQX
Total Return (1Y)	10.80%	1.87%
Total Return (3Y, Annualized)	3.97%	37.49%
Total Return (5Y, Annualized)	-1.88%	8.54%

Risk Profile

Drawdown History

AVY

EQX

GSPC

Avery Dennison (AVY) vs. Equinox Gold (EQX), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Avery Dennison (AVY) and Equinox Gold (EQX). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Equinox Gold (EQX) is heavily traded at around 12.60M shares per day, whereas Avery Dennison (AVY) sees a more moderate 836.04K — larger orders in the latter may require more patience and tighter control over order sizing.

Risk profile metrics for Avery Dennison (AVY) and Equinox Gold (EQX)
Metric	AVY	EQX
Volatility (1Y, Annualized)	24.05%	63.25%
Beta (5Y)	0.75	1.25
Max Drawdown (5Y)	-31.73%	-71.57%
Avg. Volume (3M)	836.04K	12.60M

Risk-Adjusted Performance

Risk-Return Positioning

AVY and EQX are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Avery Dennison (AVY) and Equinox Gold (EQX)
Metric	AVY	EQX
Sharpe Ratio (1Y)	0.27	-0.04
Sortino Ratio (1Y)	0.43	-0.06

Profitability

ROE (TTM)

Avery Dennison (AVY) at 30.80% sits in the top ROE quartile, while Equinox Gold (EQX) at 8.47% is closer to the peer norm — stronger capital efficiency for AVY.

AVY

Materials industry group

30.80%

Max: 52.88%
AVY: 30.80%
Q3: 19.49%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

EQX

Materials industry group

8.47%

Max: 52.88%
Q3: 19.49%
Median: 8.76%
EQX: 8.47%
Q1: -3.41%
Min: -32.81%

Avery Dennison (AVY) vs. Equinox Gold (EQX): A comparison of their ROE against the Materials industry group benchmark.

Net Margin (TTM)

Equinox Gold (EQX) at 28.09% retains a top-quartile share of revenue as profit, ahead of Avery Dennison (AVY) at 7.56%, which keeps about the industry-typical share.

AVY

Materials industry group

7.56%

Max: 38.66%
Q3: 15.98%
AVY: 7.56%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

EQX

Materials industry group

28.09%

Max: 38.66%
EQX: 28.09%
Q3: 15.98%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

Avery Dennison (AVY) vs. Equinox Gold (EQX): A comparison of their net margin against the Materials industry group benchmark.

Operating Margin (TTM)

Equinox Gold (EQX) at 32.14% operates in the top operating margin quartile, ahead of Avery Dennison (AVY) at 12.10%, which runs around its industry’s norm.

AVY

Materials industry group

12.10%

Max: 66.70%
Q3: 28.92%
Median: 12.56%
AVY: 12.10%
Q1: 3.28%
Min: -14.07%

EQX

Materials industry group

32.14%

Max: 66.70%
EQX: 32.14%
Q3: 28.92%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

Avery Dennison (AVY) vs. Equinox Gold (EQX): A comparison of their operating margin against the Materials industry group benchmark.

Profitability Metrics

Profitability metrics for Avery Dennison (AVY) and Equinox Gold (EQX)
Metric	AVY	EQX
ROE (TTM)	30.80%	8.47%
ROA (TTM)	8.28%	6.74%
Net Margin (TTM)	7.56%	28.09%
Operating Margin (TTM)	12.10%	32.14%
Gross Margin (TTM)	28.83%	57.60%

Growth

Revenue Growth

Equinox Gold (EQX) at 99.07% clears its industry range for revenue growth, far stronger top-line momentum than Avery Dennison (AVY) at 1.14%, which is closer to a typical peer reading.

Avery Dennison (AVY) vs. Equinox Gold (EQX): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Avery Dennison (AVY) at 0.69% and Equinox Gold (EQX) at -53.33% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

Avery Dennison (AVY) vs. Equinox Gold (EQX): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Avery Dennison (AVY) and Equinox Gold (EQX)
Metric	AVY	EQX
Revenue Growth (YoY)	1.14%	99.07%
Revenue Growth (3Y CAGR)	-0.68%	24.04%
EPS Growth (YoY)	0.69%	-53.33%
EPS Growth (3Y CAGR)	-1.54%	--

Financial Strength

Current Ratio (MRQ)

Both Avery Dennison (AVY) at 1.16 and Equinox Gold (EQX) at 1.33 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

AVY

Materials industry group

1.16

Max: 5.96
Q3: 3.30
Median: 2.24
Q1: 1.45
AVY: 1.16
Min: 0.16

EQX

Materials industry group

1.33

Max: 5.96
Q3: 3.30
Median: 2.24
Q1: 1.45
EQX: 1.33
Min: 0.16

Avery Dennison (AVY) vs. Equinox Gold (EQX): A comparison of their current ratio against the Materials industry group benchmark.

Debt / Equity (MRQ)

Equinox Gold (EQX) at 0.13 carries an industry-typical debt-to-equity mix, while Avery Dennison (AVY) at 1.52 uses more debt funding than most peers.

AVY

Materials industry group

1.52

Max: 1.98
AVY: 1.52
Q3: 0.89
Median: 0.47
Q1: 0.13
Min: 0.00

EQX

Materials industry group

0.13

Max: 1.98
Q3: 0.89
Median: 0.47
EQX: 0.13
Q1: 0.13
Min: 0.00

Avery Dennison (AVY) vs. Equinox Gold (EQX): A comparison of their debt-to-equity ratio against the Materials industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Avery Dennison (AVY) and Equinox Gold (EQX)
Metric	AVY	EQX
Current Ratio (MRQ)	1.16	1.33
Debt / Equity (MRQ)	1.52	0.13
Net Debt / EBITDA	2.20	0.21

Dividends

Dividend Yield (TTM)

Avery Dennison (AVY) at 2.05% delivers top-quartile income for its industry, while Equinox Gold (EQX) at 0.27% pays a more typical yield — both are credible income propositions, AVY the richer one.

AVY

Materials industry group

2.05%

Max: 4.52%
AVY: 2.05%
Q3: 1.85%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

EQX

Materials industry group

0.27%

Max: 4.52%
Q3: 1.85%
Median: 0.38%
EQX: 0.27%
Q1: 0.00%
Min: 0.00%

Avery Dennison (AVY) vs. Equinox Gold (EQX): A comparison of their dividend yield against the Materials industry group benchmark.

Dividend Payout Ratio (TTM)

Equinox Gold (EQX) at 6.25% pays out a band-typical share of earnings, while Avery Dennison (AVY) at 41.99% distributes more than its industry norm — less retained, thinner cover.

AVY

Materials industry group

41.99%

Max: 83.62%
AVY: 41.99%
Q3: 41.37%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

EQX

Materials industry group

6.25%

Max: 83.62%
Q3: 41.37%
Median: 9.54%
EQX: 6.25%
Q1: 0.00%
Min: 0.00%

Avery Dennison (AVY) vs. Equinox Gold (EQX): A comparison of their payout ratio against the Materials industry group benchmark.

Dividend Metrics

Dividend metrics for Avery Dennison (AVY) and Equinox Gold (EQX)
Metric	AVY	EQX
Dividend Yield (TTM)	2.05%	0.27%
Dividend Payout Ratio (TTM)	41.99%	6.25%

Valuation

P/E Ratio (TTM)

Both Avery Dennison (AVY) at 20.21 and Equinox Gold (EQX) at 24.00 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

AVY

Materials industry group

20.21

Max: 59.00
Q3: 32.93
AVY: 20.21
Median: 18.82
Q1: 11.96
Min: 3.93

EQX

Materials industry group

24.00

Max: 59.00
Q3: 32.93
EQX: 24.00
Median: 18.82
Q1: 11.96
Min: 3.93

Avery Dennison (AVY) vs. Equinox Gold (EQX): A comparison of their P/E ratio against the Materials industry group benchmark.

P/S Ratio (TTM)

Avery Dennison (AVY) at 1.51 is priced about in line with its industry on P/S ratio, while Equinox Gold (EQX) at 4.64 sits in the pricier quartile — EQX costs more per dollar of sales.

AVY

Materials industry group

1.51

Max: 9.62
Q3: 4.34
Median: 1.87
AVY: 1.51
Q1: 0.73
Min: 0.00

EQX

Materials industry group

4.64

Max: 9.62
EQX: 4.64
Q3: 4.34
Median: 1.87
Q1: 0.73
Min: 0.00

Avery Dennison (AVY) vs. Equinox Gold (EQX): A comparison of their P/S ratio against the Materials industry group benchmark.

P/B Ratio (MRQ)

Equinox Gold (EQX) at 1.43 is valued about in line with its industry on P/B ratio, while Avery Dennison (AVY) at 5.91 carries an above-peer premium to book — AVY is pricier on assets.

AVY

Materials industry group

5.91

Max: 6.59
AVY: 5.91
Q3: 3.55
Median: 2.08
Q1: 1.26
Min: -0.17

EQX

Materials industry group

1.43

Max: 6.59
Q3: 3.55
Median: 2.08
EQX: 1.43
Q1: 1.26
Min: -0.17

Avery Dennison (AVY) vs. Equinox Gold (EQX): A comparison of their P/B ratio against the Materials industry group benchmark.

Valuation Metrics

Valuation metrics for Avery Dennison (AVY) and Equinox Gold (EQX)
Metric	AVY	EQX
P/E Ratio (TTM)	20.21	24.00
P/S Ratio (TTM)	1.51	4.64
P/B Ratio (MRQ)	5.91	1.43
Free Cash Flow Yield (TTM)	6.90%	2.15%