Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
International Flavors&Fragranc has an operating margin of 6.7%, meaning the company retains $7 of operating profit per $100 of revenue. This results in a moderate score of 33/100, indicating healthy but not exceptional operating efficiency. This is up from -18.4% the prior year.
International Flavors&Fragranc's revenue grew a modest 0.0% year-over-year to $11.5B. This slow but positive growth earns a score of 29/100.
International Flavors&Fragranc carries a low D/E ratio of 0.55, meaning only $0.55 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 91/100, indicating a strong balance sheet with room for future borrowing.
International Flavors&Fragranc's current ratio of 1.83 indicates adequate short-term liquidity, earning a score of 53/100. The company can meet its near-term obligations, though with limited headroom.
International Flavors&Fragranc's free cash flow margin of 5.3% results in a low score of 26/100. Capital expenditures of $463.0M absorb a large share of operating cash flow.
International Flavors&Fragranc generates a 1.8% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 7/100.
International Flavors&Fragranc scores 1.37, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($21.3B) relative to total liabilities ($14.9B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
International Flavors&Fragranc passes 8 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, International Flavors&Fragranc generates $4.33 in operating cash flow ($1.1B OCF vs $247.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
International Flavors&Fragranc earns $2.5 in operating income for every $1 of interest expense ($766.0M vs $305.0M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
This page shows International Flavors&Fragranc (IFF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
International Flavors&Fragranc generated $11.5B in revenue in fiscal year 2024. This represents an increase of 0.0% from the prior year.
International Flavors&Fragranc's EBITDA was $1.8B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 284.0% from the prior year.
International Flavors&Fragranc generated $607.0M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 35.1% from the prior year.
International Flavors&Fragranc reported $247.0M in net income in fiscal year 2024. This represents an increase of 109.6% from the prior year.
International Flavors&Fragranc earned $0.95 per diluted share (EPS) in fiscal year 2024. This represents an increase of 109.5% from the prior year.
International Flavors&Fragranc held $469.0M in cash against $7.6B in long-term debt as of fiscal year 2024.
International Flavors&Fragranc paid $1.60 per share in dividends in fiscal year 2024. This represents a decrease of 50.6% from the prior year.
International Flavors&Fragranc had 256M shares outstanding in fiscal year 2024. This represents an increase of 0.2% from the prior year.
International Flavors&Fragranc's gross margin was 35.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 3.8 percentage points from the prior year.
International Flavors&Fragranc's operating margin was 6.7% in fiscal year 2024, reflecting core business profitability. This is up 25.1 percentage points from the prior year.
International Flavors&Fragranc's net profit margin was 2.1% in fiscal year 2024, showing the share of revenue converted to profit. This is up 24.5 percentage points from the prior year.
International Flavors&Fragranc's ROE was 1.8% in fiscal year 2024, measuring profit generated per dollar of shareholder equity.
International Flavors&Fragranc invested $671.0M in research and development in fiscal year 2024. This represents an increase of 5.5% from the prior year.
International Flavors&Fragranc invested $463.0M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 8.0% from the prior year.
IFF Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.7B-2.5% | $2.8B-2.8% | $2.8B+2.6% | $2.8B-4.1% | $2.9B-0.3% | $2.9B+7.3% | $2.7B-4.1% | $2.8B |
| Cost of Revenue | $1.7B-1.3% | $1.7B-4.1% | $1.8B+0.9% | $1.8B-1.6% | $1.8B-2.9% | $1.9B+1.7% | $1.8B-2.8% | $1.9B |
| Gross Profit | $983.0M-4.6% | $1.0B-0.5% | $1.0B+5.6% | $980.0M-8.2% | $1.1B+4.3% | $1.0B+19.1% | $860.0M-6.9% | $924.0M |
| R&D Expenses | $174.0M-4.4% | $182.0M+11.0% | $164.0M-3.5% | $170.0M-1.7% | $173.0M+4.2% | $166.0M+5.7% | $157.0M0.0% | $157.0M |
| SG&A Expenses | $421.0M-12.8% | $483.0M+4.8% | $461.0M-10.8% | $517.0M+4.9% | $493.0M+0.6% | $490.0M+10.4% | $444.0M0.0% | $444.0M |
| Operating Income | $226.0M+14.1% | $198.0M+121.9% | -$903.0M-811.0% | $127.0M-33.5% | $191.0M-4.0% | $199.0M+107.8% | -$2.5B-1790.7% | $150.0M |
| Interest Expense | $48.0M-21.3% | $61.0M-14.1% | $71.0M+2.9% | $69.0M-12.7% | $79.0M-4.8% | $83.0M-6.7% | $89.0M-1.1% | $90.0M |
| Income Tax | $15.0M+119.2% | -$78.0M-439.1% | $23.0M+132.9% | -$70.0M-736.4% | $11.0M-79.6% | $54.0M+268.8% | -$32.0M-200.0% | $32.0M |
| Net Income | $40.0M-93.5% | $612.0M+160.1% | -$1.0B-2382.9% | -$41.0M-124.1% | $170.0M+183.3% | $60.0M+102.3% | -$2.6B-10524.0% | $25.0M |
| EPS (Diluted) | $0.16-93.3% | $2.38+159.8% | $-3.98-2241.2% | $-0.17-125.8% | $0.66+187.0% | $0.23+102.3% | $-10.22-10320.0% | $0.10 |
IFF Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $25.8B-1.4% | $26.1B-7.6% | $28.3B-1.6% | $28.7B-2.8% | $29.5B-3.6% | $30.6B-1.1% | $31.0B-7.2% | $33.4B |
| Current Assets | $5.9B-0.9% | $5.9B-31.3% | $8.6B+8.3% | $8.0B-2.2% | $8.1B+27.2% | $6.4B+1.8% | $6.3B-1.5% | $6.4B |
| Cash & Equivalents | $621.0M-23.9% | $816.0M+33.1% | $613.0M+30.7% | $469.0M-30.1% | $671.0M-8.3% | $732.0M+4.1% | $703.0M+11.8% | $629.0M |
| Inventory | $2.3B-2.0% | $2.4B+5.4% | $2.2B+5.4% | $2.1B-1.3% | $2.2B-10.4% | $2.4B-2.7% | $2.5B-2.8% | $2.5B |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $8.3B-0.2% | $8.3B+3.2% | $8.0B-11.5% | $9.1B-2.2% | $9.3B-11.9% | $10.5B-0.9% | $10.6B-18.4% | $13.0B |
| Total Liabilities | $11.5B-1.6% | $11.7B-22.3% | $15.1B+1.3% | $14.9B-2.6% | $15.3B-6.5% | $16.4B-0.1% | $16.4B-0.3% | $16.4B |
| Current Liabilities | $4.1B+27.8% | $3.2B-30.9% | $4.6B+5.9% | $4.4B+27.1% | $3.4B-10.3% | $3.8B+1.6% | $3.8B+2.0% | $3.7B |
| Long-Term Debt | $4.7B-16.6% | $5.7B-25.2% | $7.6B+0.5% | $7.6B-12.0% | $8.6B-6.1% | $9.2B-0.4% | $9.2B+0.3% | $9.2B |
| Total Equity | $14.2B-1.1% | $14.4B+9.3% | $13.2B-4.7% | $13.8B-2.9% | $14.3B-0.3% | $14.3B-2.2% | $14.6B-13.9% | $17.0B |
| Retained Earnings | -$3.3B-4.0% | -$3.2B+13.7% | -$3.7B-40.7% | -$2.6B-9.7% | -$2.4B+2.7% | -$2.5B-1.7% | -$2.4B-745.2% | $378.0M |
IFF Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $164.0M-32.0% | $241.0M+89.8% | $127.0M-67.4% | $389.0M+64.1% | $237.0M+139.4% | $99.0M-84.6% | $644.0M+53.3% | $420.0M |
| Capital Expenditures | $132.0M+38.9% | $95.0M-46.9% | $179.0M+11.9% | $160.0M+95.1% | $82.0M-30.5% | $118.0M+4.4% | $113.0M+13.0% | $100.0M |
| Free Cash Flow | $32.0M-78.1% | $146.0M+380.8% | -$52.0M-122.7% | $229.0M+47.7% | $155.0M+915.8% | -$19.0M-103.6% | $531.0M+65.9% | $320.0M |
| Investing Cash Flow | -$115.0M-104.3% | $2.7B+1818.5% | -$157.0M+44.1% | -$281.0M-137.9% | $742.0M+1051.3% | -$78.0M-21.9% | -$64.0M-174.4% | $86.0M |
| Financing Cash Flow | -$237.0M+91.6% | -$2.8B-1770.4% | $169.0M+204.3% | -$162.0M+84.8% | -$1.1B-2757.5% | $40.0M+107.2% | -$558.0M-30.7% | -$427.0M |
| Dividends Paid | $102.0M0.0% | $102.0M0.0% | $102.0M-1.0% | $103.0M+1.0% | $102.0M-50.7% | $207.0M0.0% | $207.0M+0.5% | $206.0M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
IFF Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 36.5%-0.8pp | 37.3%+0.9pp | 36.4%+1.0pp | 35.4%-1.6pp | 37.0%+1.6pp | 35.3%+3.5pp | 31.8%-1.0pp | 32.8% |
| Operating Margin | 8.4%+1.2pp | 7.2%+38.9pp | -31.8%-36.3pp | 4.6%-2.0pp | 6.6%-0.2pp | 6.9%+100.7pp | -93.8%-99.1pp | 5.3% |
| Net Margin | 1.5%-20.7pp | 22.1%+58.0pp | -35.8%-34.3pp | -1.5%-7.4pp | 5.9%+3.8pp | 2.1%+98.5pp | -96.4%-97.3pp | 0.9% |
| Return on Equity | 0.3%-4.0pp | 4.3% | N/A | 0.4%-0.8pp | 1.2%+0.8pp | 0.4% | N/A | 0.1% |
| Return on Assets | 0.2%-2.2pp | 2.3%+5.9pp | -3.6%-3.5pp | -0.1%-0.7pp | 0.6%+0.4pp | 0.2%+8.6pp | -8.4%-8.5pp | 0.1% |
| Current Ratio | 1.44-0.4 | 1.86-0.0 | 1.87+0.0 | 1.83-0.5 | 2.38+0.7 | 1.680.0 | 1.67-0.1 | 1.74 |
| Debt-to-Equity | 0.33-0.1 | 0.39-0.2 | 0.58+0.0 | 0.55-0.1 | 0.60-0.0 | 0.64+0.0 | 0.63+0.1 | 0.54 |
| FCF Margin | 1.2%-4.1pp | 5.3%+7.1pp | -1.8%-10.1pp | 8.3%+2.9pp | 5.4%+6.0pp | -0.7%-20.3pp | 19.6%+8.3pp | 11.3% |
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Frequently Asked Questions
What is International Flavors&Fragranc's annual revenue?
International Flavors&Fragranc (IFF) reported $11.5B in total revenue for fiscal year 2024. This represents a 0.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is International Flavors&Fragranc's revenue growing?
International Flavors&Fragranc (IFF) revenue grew by 0% year-over-year, from $11.5B to $11.5B in fiscal year 2024.
Is International Flavors&Fragranc profitable?
Yes, International Flavors&Fragranc (IFF) reported a net income of $247.0M in fiscal year 2024, with a net profit margin of 2.1%.
What is International Flavors&Fragranc's earnings per share (EPS)?
International Flavors&Fragranc (IFF) reported diluted earnings per share of $0.95 for fiscal year 2024. This represents a 109.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is International Flavors&Fragranc's EBITDA?
International Flavors&Fragranc (IFF) had EBITDA of $1.8B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does International Flavors&Fragranc have?
As of fiscal year 2024, International Flavors&Fragranc (IFF) had $469.0M in cash and equivalents against $7.6B in long-term debt.
What is International Flavors&Fragranc's gross margin?
International Flavors&Fragranc (IFF) had a gross margin of 35.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is International Flavors&Fragranc's operating margin?
International Flavors&Fragranc (IFF) had an operating margin of 6.7% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is International Flavors&Fragranc's net profit margin?
International Flavors&Fragranc (IFF) had a net profit margin of 2.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does International Flavors&Fragranc pay dividends?
Yes, International Flavors&Fragranc (IFF) paid $1.60 per share in dividends during fiscal year 2024.
What is International Flavors&Fragranc's return on equity (ROE)?
International Flavors&Fragranc (IFF) has a return on equity of 1.8% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is International Flavors&Fragranc's free cash flow?
International Flavors&Fragranc (IFF) generated $607.0M in free cash flow during fiscal year 2024. This represents a -35.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is International Flavors&Fragranc's operating cash flow?
International Flavors&Fragranc (IFF) generated $1.1B in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are International Flavors&Fragranc's total assets?
International Flavors&Fragranc (IFF) had $28.7B in total assets as of fiscal year 2024, including both current and long-term assets.
What are International Flavors&Fragranc's capital expenditures?
International Flavors&Fragranc (IFF) invested $463.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does International Flavors&Fragranc spend on research and development?
International Flavors&Fragranc (IFF) invested $671.0M in research and development during fiscal year 2024.
How many shares does International Flavors&Fragranc have outstanding?
International Flavors&Fragranc (IFF) had 256M shares outstanding as of fiscal year 2024.
What is International Flavors&Fragranc's current ratio?
International Flavors&Fragranc (IFF) had a current ratio of 1.83 as of fiscal year 2024, which is generally considered healthy.
What is International Flavors&Fragranc's debt-to-equity ratio?
International Flavors&Fragranc (IFF) had a debt-to-equity ratio of 0.55 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is International Flavors&Fragranc's return on assets (ROA)?
International Flavors&Fragranc (IFF) had a return on assets of 0.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is International Flavors&Fragranc's Altman Z-Score?
International Flavors&Fragranc (IFF) has an Altman Z-Score of 1.37, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is International Flavors&Fragranc's Piotroski F-Score?
International Flavors&Fragranc (IFF) has a Piotroski F-Score of 8 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are International Flavors&Fragranc's earnings high quality?
International Flavors&Fragranc (IFF) has an earnings quality ratio of 4.33x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can International Flavors&Fragranc cover its interest payments?
International Flavors&Fragranc (IFF) has an interest coverage ratio of 2.5x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is International Flavors&Fragranc?
International Flavors&Fragranc (IFF) scores 40 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.