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International Flavors&Fragranc Financials

IFF
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows International Flavors&Fragranc (IFF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 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).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 32 / 100
Financial Profile 32/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
14

International Flavors&Fragranc has an operating margin of -3.5%, meaning the company retains $-4 of operating profit per $100 of revenue. This below-average margin results in a low score of 14/100, suggesting thin profitability after operating expenses. This is down from 6.7% the prior year.

Growth
25

International Flavors&Fragranc's revenue declined 5.2% year-over-year, from $11.5B to $10.9B. This contraction results in a growth score of 25/100.

Leverage
95

International Flavors&Fragranc carries a low D/E ratio of 0.33, meaning only $0.33 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 95/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
24

International Flavors&Fragranc's current ratio of 1.42 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 24/100, which could limit financial flexibility.

Cash Flow
31

International Flavors&Fragranc has a free cash flow margin of 2.4%, earning a moderate score of 31/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns
5

International Flavors&Fragranc generates a -2.5% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 5/100. This is down from 1.9% the prior year.

Piotroski F-Score Neutral
6/9

International Flavors&Fragranc passes 6 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed
-2.37x

For every $1 of reported earnings, International Flavors&Fragranc generates $-2.37 in operating cash flow ($850.0M OCF vs -$359.0M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk
-1.7x

International Flavors&Fragranc earns $-1.7 in operating income for every $1 of interest expense (-$382.0M vs $229.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue
$10.9B
YoY-5.2%
5Y CAGR+16.5%
10Y CAGR+13.7%

International Flavors&Fragranc generated $10.9B in revenue in fiscal year 2025. This represents a decrease of 5.2% from the prior year.

EBITDA
$580.0M
YoY-67.4%
5Y CAGR-8.2%
10Y CAGR-1.5%

International Flavors&Fragranc's EBITDA was $580.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 67.4% from the prior year.

Net Income
-$359.0M
YoY-234.5%

International Flavors&Fragranc reported -$359.0M in net income in fiscal year 2025. This represents a decrease of 234.5% from the prior year.

EPS (Diluted)
$-1.41
YoY-235.6%

International Flavors&Fragranc earned $-1.41 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 235.6% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$256.0M
YoY-57.8%
5Y CAGR-13.3%
10Y CAGR-3.5%

International Flavors&Fragranc generated $256.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 57.8% from the prior year.

Cash & Debt
$590.0M
YoY+25.8%
5Y CAGR-1.9%
10Y CAGR+12.5%

International Flavors&Fragranc held $590.0M in cash against $4.7B in long-term debt as of fiscal year 2025.

Dividends Per Share
$1.60
YoY+0.0%
5Y CAGR-12.0%
10Y CAGR-2.5%

International Flavors&Fragranc paid $1.60 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Shares Outstanding
256M
YoY+0.0%
5Y CAGR+19.0%
10Y CAGR+12.3%

International Flavors&Fragranc had 256M shares outstanding in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Margins & Returns

Gross Margin
36.2%
YoY+0.3pp
5Y CAGR-4.9pp
10Y CAGR-8.6pp

International Flavors&Fragranc's gross margin was 36.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.3 percentage points from the prior year.

Operating Margin
-3.5%
YoY-10.2pp
5Y CAGR-14.6pp
10Y CAGR-23.0pp

International Flavors&Fragranc's operating margin was -3.5% in fiscal year 2025, reflecting core business profitability. This is down 10.2 percentage points from the prior year.

Net Margin
-3.3%
YoY-5.6pp
5Y CAGR-10.5pp
10Y CAGR-17.2pp

International Flavors&Fragranc's net profit margin was -3.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 5.6 percentage points from the prior year.

Return on Equity
-2.5%
YoY-4.5pp
5Y CAGR-8.4pp
10Y CAGR-28.9pp

International Flavors&Fragranc's ROE was -2.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 4.5 percentage points from the prior year.

Capital Allocation

R&D Spending
$694.0M
YoY+3.4%
5Y CAGR+14.2%
10Y CAGR+10.9%

International Flavors&Fragranc invested $694.0M in research and development in fiscal year 2025. This represents an increase of 3.4% from the prior year.

Share Buybacks
$38.0M
10Y CAGR-11.0%

International Flavors&Fragranc spent $38.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures
$594.0M
YoY+28.3%
5Y CAGR+25.3%
10Y CAGR+19.4%

International Flavors&Fragranc invested $594.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 28.3% from the prior year.

IFF Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue $2.6B-3.9% $2.7B-2.5% $2.8B-2.8% $2.8B+2.6% $2.8B-5.3% $2.9B+1.2% $2.9B-0.3% $2.9B
Cost of Revenue $1.7B-0.7% $1.7B-1.3% $1.7B-4.1% $1.8B N/A $1.9B+2.9% $1.8B-2.9% $1.9B
Gross Profit $890.0M-9.5% $983.0M-4.6% $1.0B-0.5% $1.0B+5.6% $980.0M-6.8% $1.1B-1.5% $1.1B+4.3% $1.0B
R&D Expenses $174.0M0.0% $174.0M-4.4% $182.0M+11.0% $164.0M N/A $162.0M-6.4% $173.0M+4.2% $166.0M
SG&A Expenses $469.0M+11.4% $421.0M-12.8% $483.0M+4.8% $461.0M N/A $495.0M+0.4% $493.0M+0.6% $490.0M
Operating Income $97.0M-57.1% $226.0M+14.1% $198.0M+121.9% -$903.0M N/A $249.0M+30.4% $191.0M-4.0% $199.0M
Interest Expense $49.0M+2.1% $48.0M-21.3% $61.0M-14.1% $71.0M N/A $74.0M-6.3% $79.0M-4.8% $83.0M
Income Tax -$13.0M-186.7% $15.0M+119.2% -$78.0M-439.1% $23.0M N/A $36.0M+227.3% $11.0M-79.6% $54.0M
Net Income $7.0M-82.5% $40.0M-93.5% $612.0M+160.1% -$1.0B N/A $58.0M-65.9% $170.0M+183.3% $60.0M
EPS (Diluted) N/A $0.16-93.3% $2.38+159.8% $-3.98 N/A $0.23-65.2% $0.66+187.0% $0.23

IFF Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $25.5B-0.9% $25.8B-1.4% $26.1B-7.6% $28.3B-1.6% $28.7B-4.0% $29.9B+1.3% $29.5B-3.6% $30.6B
Current Assets $5.6B-4.8% $5.9B-0.9% $5.9B-31.3% $8.6B+8.3% $8.0B-5.4% $8.4B+3.4% $8.1B+27.2% $6.4B
Cash & Equivalents $590.0M-5.0% $621.0M-23.9% $816.0M+33.1% $613.0M+30.7% $469.0M-17.3% $567.0M-15.5% $671.0M-8.3% $732.0M
Inventory $2.2B-3.4% $2.3B-2.0% $2.4B+5.4% $2.2B+5.4% $2.1B-3.0% $2.2B+1.9% $2.2B-10.4% $2.4B
Accounts Receivable N/A N/A N/A N/A N/A N/A N/A N/A
Goodwill $8.3B+0.1% $8.3B-0.2% $8.3B+3.2% $8.0B-11.5% $9.1B-2.9% $9.3B+0.7% $9.3B-11.9% $10.5B
Total Liabilities $11.4B-1.2% $11.5B-1.6% $11.7B-22.3% $15.1B+1.3% $14.9B-1.7% $15.2B-0.9% $15.3B-6.5% $16.4B
Current Liabilities $3.9B-3.3% $4.1B+27.8% $3.2B-30.9% $4.6B+5.9% $4.4B+35.2% $3.2B-6.0% $3.4B-10.3% $3.8B
Long-Term Debt $4.7B0.0% $4.7B-16.6% $5.7B-25.2% $7.6B+0.5% $7.6B-12.4% $8.6B+0.4% $8.6B-6.1% $9.2B
Total Equity $14.2B-0.6% $14.2B-1.1% $14.4B+9.3% $13.2B-4.7% $13.8B-6.4% $14.8B+3.7% $14.3B-0.3% $14.3B
Retained Earnings -$3.4B-2.2% -$3.3B-4.0% -$3.2B+13.7% -$3.7B-40.7% -$2.6B-7.7% -$2.5B-1.8% -$2.4B+2.7% -$2.5B

IFF Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow $318.0M+93.9% $164.0M-32.0% $241.0M+89.8% $127.0M-67.4% $389.0M+12.8% $345.0M+45.6% $237.0M+139.4% $99.0M
Capital Expenditures $188.0M+42.4% $132.0M+38.9% $95.0M-46.9% $179.0M+11.9% $160.0M+55.3% $103.0M+25.6% $82.0M-30.5% $118.0M
Free Cash Flow $130.0M+306.3% $32.0M-78.1% $146.0M+380.8% -$52.0M-122.7% $229.0M-5.4% $242.0M+56.1% $155.0M+915.8% -$19.0M
Investing Cash Flow -$157.0M-36.5% -$115.0M-104.3% $2.7B+1818.5% -$157.0M+44.1% -$281.0M-393.0% -$57.0M-107.7% $742.0M+1051.3% -$78.0M
Financing Cash Flow -$200.0M+15.6% -$237.0M+91.6% -$2.8B-1770.4% $169.0M+204.3% -$162.0M+61.5% -$421.0M+60.4% -$1.1B-2757.5% $40.0M
Dividends Paid $103.0M+1.0% $102.0M0.0% $102.0M0.0% $102.0M-1.0% $103.0M+1.0% $102.0M0.0% $102.0M-50.7% $207.0M
Share Buybacks N/A N/A N/A N/A N/A N/A N/A N/A

IFF Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Gross Margin 34.4%-2.1pp 36.5%-0.8pp 37.3%+0.9pp 36.4%+1.0pp 35.4%-0.6pp 36.0%-1.0pp 37.0%+1.6pp 35.3%
Operating Margin 3.8%-4.6pp 8.4%+1.2pp 7.2%+38.9pp -31.8% N/A 8.5%+1.9pp 6.6%-0.2pp 6.9%
Net Margin 0.3%-1.2pp 1.5%-20.7pp 22.1%+58.0pp -35.8% N/A 2.0%-3.9pp 5.9%+3.8pp 2.1%
Return on Equity 0.1%-0.2pp 0.3%-4.0pp 4.3%+12.0pp -7.7% N/A 0.4%-0.8pp 1.2%+0.8pp 0.4%
Return on Assets 0.0%-0.1pp 0.2%-2.2pp 2.3%+5.9pp -3.6% N/A 0.2%-0.4pp 0.6%+0.4pp 0.2%
Current Ratio 1.42-0.0 1.44-0.4 1.86-0.0 1.87+0.0 1.83-0.8 2.62+0.2 2.38+0.7 1.68
Debt-to-Equity 0.330.0 0.33-0.1 0.39-0.2 0.58+0.0 0.55-0.0 0.58-0.0 0.60-0.0 0.64
FCF Margin 5.0%+3.8pp 1.2%-4.1pp 5.3%+7.1pp -1.8%-10.1pp 8.3%0.0pp 8.3%+2.9pp 5.4%+6.0pp -0.7%

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Frequently Asked Questions

International Flavors&Fragranc (IFF) reported $10.9B in total revenue for fiscal year 2025. This represents a -5.2% 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.

International Flavors&Fragranc (IFF) revenue declined by 5.2% year-over-year, from $11.5B to $10.9B in fiscal year 2025.

No, International Flavors&Fragranc (IFF) reported a net income of -$359.0M in fiscal year 2025, with a net profit margin of -3.3%.

International Flavors&Fragranc (IFF) reported diluted earnings per share of $-1.41 for fiscal year 2025. This represents a -235.6% 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.

International Flavors&Fragranc (IFF) had EBITDA of $580.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, International Flavors&Fragranc (IFF) had $590.0M in cash and equivalents against $4.7B in long-term debt.

International Flavors&Fragranc (IFF) had a gross margin of 36.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

International Flavors&Fragranc (IFF) had an operating margin of -3.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

International Flavors&Fragranc (IFF) had a net profit margin of -3.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, International Flavors&Fragranc (IFF) paid $1.60 per share in dividends during fiscal year 2025.

International Flavors&Fragranc (IFF) has a return on equity of -2.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

International Flavors&Fragranc (IFF) generated $256.0M in free cash flow during fiscal year 2025. This represents a -57.8% 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.

International Flavors&Fragranc (IFF) generated $850.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

International Flavors&Fragranc (IFF) had $25.5B in total assets as of fiscal year 2025, including both current and long-term assets.

International Flavors&Fragranc (IFF) invested $594.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

International Flavors&Fragranc (IFF) invested $694.0M in research and development during fiscal year 2025.

Yes, International Flavors&Fragranc (IFF) spent $38.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

International Flavors&Fragranc (IFF) had 256M shares outstanding as of fiscal year 2025.

International Flavors&Fragranc (IFF) had a current ratio of 1.42 as of fiscal year 2025, which is considered adequate.

International Flavors&Fragranc (IFF) had a debt-to-equity ratio of 0.33 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

International Flavors&Fragranc (IFF) had a return on assets of -1.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

International Flavors&Fragranc (IFF) has a Piotroski F-Score of 6 out of 9, indicating neutral 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.

International Flavors&Fragranc (IFF) has an earnings quality ratio of -2.37x, considered mixed 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.

International Flavors&Fragranc (IFF) has an interest coverage ratio of -1.7x, meaning it can struggle to 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.

International Flavors&Fragranc (IFF) scores 32 out of 100 on our Financial Profile, indicating weak 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.

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