What is International Flavors & Fragrances Inc.'s earnings per share (EPS)?

International Flavors & Fragrances Inc. (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 & Fragrances Inc. (IFF) Financials

IFF

Trailing 12 months to June 30, 2026

Revenue $10.8B +3.5% YoY

Net Income $279.0M YoY not available

EPS (Diluted) $1.14 +171.3% YoY

Free Cash Flow $540.0M -4.4% YoY

Market Cap $21.2B as of Oct 6, 2026

Price / Sales 2.0x on $10.8B revenue, trailing 12 months to June 30, 2026

Price / Earnings 76.1x on $279.0M net income, trailing 12 months to June 30, 2026

Price / Book 1.5x on $14.0B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 6, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 4, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 4, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the IFF SEC filings page.

International Flavors & Fragrances Inc. (IFF) reported $10.8B in revenue over the twelve months to Jun 30, 2026, up 3.5% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Rhea AI IFF FY2025 2026-10-04

The business still converts operations into cash, but FY2025 showed fragile operating profitability despite positive cash generation.

Gross margin held at 36.2% in FY2025, near FY2024's 35.9%. Operating margin nevertheless swung from 6.7% to -3.5%, pointing to deterioration below gross profit rather than a collapse in gross-profit economics.

Despite a net loss of $359M, operating cash flow was $850M. After capital spending, free cash flow remained positive, showing that accounting earnings and cash generation diverged while reinvestment still absorbed much of the cash produced.

Long-term debt fell from $7.6B in FY2024 to $4.7B in FY2025. That deleveraging reduced debt relative to equity, but the current ratio also fell, leaving a narrower short-term cushion even as liabilities contracted.

Financial Health Signals

Financial Health Score 27/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of International Flavors & Fragrances Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

International Flavors & Fragrances Inc. has an operating margin of -3.5%, meaning the company loses $4 on every $100 of revenue. This results in a profitability score of 24/100. This is down from 6.7% the prior year.

Growth

International Flavors & Fragrances Inc.'s revenue declined 5.2% year-over-year, from $11.5B to $10.9B. This contraction results in a growth score of 22/100.

Leverage

International Flavors & Fragrances Inc. has elevated debt relative to equity (D/E of 0.33), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 7/100, reflecting increased financial risk.

Liquidity

International Flavors & Fragrances Inc.'s current ratio of 1.42 indicates adequate short-term liquidity, earning a score of 38/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

International Flavors & Fragrances Inc. has a free cash flow margin of 2.4%, earning a moderate score of 43/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

International Flavors & Fragrances Inc. posts a -2.5% return on equity (ROE), meaning it loses $3 for every $100 of shareholders' equity. This results in a returns score of 26/100. This is down from 1.9% the prior year.

Altman Z-Score Distress

1.39

International Flavors & Fragrances Inc. scores 1.39, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($21.2B) relative to total liabilities ($11.4B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Neutral

6/9

International Flavors & Fragrances Inc. 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

N/A

International Flavors & Fragrances Inc. reported a net loss of $359.0M while generating $850.0M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.

Interest Coverage At Risk

N/A

International Flavors & Fragrances Inc. reported an operating loss of $382.0M against $229.0M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

Revenue

$2.0B

YoY+1.8%

QoQ-28.7%

5Y CAGR-8.8%

10Y CAGR+9.4%

International Flavors & Fragrances Inc. generated $2.0B in revenue in Q2 2026. This represents an increase of 1.8% from the same quarter a year earlier. Against the prior quarter it is down 28.7%.

EBITDA

$312.0M

YoY+8.3%

QoQ-39.9%

International Flavors & Fragrances Inc.'s EBITDA was $312.0M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 8.3% from the same quarter a year earlier. Against the prior quarter it is down 39.9%.

Net Income

$50.0M

YoY-91.7%

QoQ-70.4%

International Flavors & Fragrances Inc. reported $50.0M in net income in Q2 2026. This represents a decrease of 91.7% from the same quarter a year earlier. Against the prior quarter it is down 70.4%.

EPS (Diluted)

$0.20

YoY-91.4%

QoQ-69.7%

5Y CAGR+12.7%

10Y CAGR-18.0%

International Flavors & Fragrances Inc. earned $0.20 per diluted share (EPS) in Q2 2026. This represents a decrease of 91.4% from the same quarter a year earlier. Against the prior quarter it is down 69.7%.

Cash & Balance Sheet

Free Cash Flow

$286.0M

YoY+95.9%

QoQ+210.9%

5Y CAGR+1.3%

10Y CAGR+9.9%

International Flavors & Fragrances Inc. generated $286.0M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 95.9% from the same quarter a year earlier. Against the prior quarter it is up 210.9%.

Cash & Debt

$569.0M

YoY-30.3%

QoQ+1.2%

5Y CAGR-9.5%

10Y CAGR+0.5%

International Flavors & Fragrances Inc. held $569.0M in cash against $4.7B in long-term debt as of Q2 2026.

Dividends Per Share

$0.40

YoY0.0%

QoQ0.0%

5Y CAGR-12.3%

10Y CAGR-3.3%

International Flavors & Fragrances Inc. paid $0.40 per share in dividends in Q2 2026. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

255M

YoY-0.4%

QoQ-0.1%

5Y CAGR+0.5%

10Y CAGR+12.4%

International Flavors & Fragrances Inc. had 255M shares outstanding in Q2 2026. This represents a decrease of 0.4% from the same quarter a year earlier. Against the prior quarter it is down 0.1%.

Margins & Returns

Gross Margin

43.6%

YoY+0.7pp

QoQ+6.5pp

5Y change+14.2pp

10Y change-2.4pp

International Flavors & Fragrances Inc.'s gross margin was 43.6% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 0.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 6.5 percentage points.

Operating Margin

8.1%

YoY+0.7pp

QoQ-1.9pp

International Flavors & Fragrances Inc.'s operating margin was 8.1% in Q2 2026, reflecting core business profitability. This is up 0.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.9 percentage points.

Net Margin

2.6%

YoY-28.6pp

QoQ-3.6pp

International Flavors & Fragrances Inc.'s net profit margin was 2.6% in Q2 2026, showing the share of revenue converted to profit. This is down 28.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 3.6 percentage points.

Return on Equity

0.4%

YoY-3.8pp

QoQ-0.8pp

International Flavors & Fragrances Inc.'s ROE was 0.4% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 3.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.8 percentage points.

Capital Allocation

R&D Spending

$170.0M

YoY0.0%

QoQ+2.4%

International Flavors & Fragrances Inc. invested $170.0M in research and development in Q2 2026. That is unchanged from the same quarter a year earlier. Against the prior quarter it is up 2.4%.

Share Buybacks

$36.0M

QoQ+2.9%

International Flavors & Fragrances Inc. spent $36.0M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. Against the prior quarter it is up 2.9%.

Capital Expenditures

$136.0M

YoY+43.2%

QoQ-17.6%

5Y CAGR+13.6%

10Y CAGR+20.7%

International Flavors & Fragrances Inc. invested $136.0M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 43.2% from the same quarter a year earlier. Against the prior quarter it is down 17.6%.

IFF Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

IFF quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$10.8B	$10.9B-5.2%	$11.5B0.0%	$11.5B-7.7%	$12.4B+6.7%	$11.7B+129.3%	$5.1B-1.1%	$5.1B+29.2%	$4.0B+17.0%	$3.4B+9.1%	$3.1B+3.1%	$3.0B-2.1%	$3.1B+4.6%	$3.0B+4.7%	$2.8B+1.2%	$2.8B
Cost of Revenue	$6.9B	$7.0B-5.5%	$7.4B-5.6%	$7.8B-5.9%	$8.3B+4.6%	$7.9B+164.2%	$3.0B-1.0%	$3.0B+31.9%	$2.3B+19.1%	$1.9B+11.9%	$1.7B+2.9%	$1.7B-3.2%	$1.7B+3.5%	$1.7B+1.4%	$1.6B-2.2%	$1.7B
Gross Profit	$4.0B	$3.9B-4.5%	$4.1B+12.0%	$3.7B-11.3%	$4.2B+11.1%	$3.7B+79.1%	$2.1B-1.3%	$2.1B+25.6%	$1.7B+14.3%	$1.5B+5.5%	$1.4B+3.3%	$1.4B-0.8%	$1.4B+6.1%	$1.3B+9.2%	$1.2B+6.4%	$1.1B
R&D Expenses	$696.0M	$694.0M+3.4%	$671.0M+5.5%	$636.0M+5.5%	$603.0M-4.1%	$629.0M+76.2%	$357.0M+3.2%	$346.0M+11.0%	$311.6M+5.5%	$295.5M+14.1%	$258.9M+5.2%	$246.1M-3.0%	$253.6M-2.4%	$259.8M+11.2%	$233.7M+6.3%	$219.8M
SG&A Expenses	$1.8B	$1.8B-8.1%	$2.0B+11.6%	$1.8B+1.1%	$1.8B+1.1%	$1.7B+84.3%	$949.0M+8.3%	$876.0M+23.8%	$707.5M+24.1%	$570.1M-0.4%	$572.5M+15.8%	$494.5M-2.6%	$507.6M+0.3%	$505.9M+11.5%	$453.5M+2.2%	$444.0M
Operating Income	$810.0M	-$382.0M-149.9%	$766.0M+136.3%	-$2.1B-59.1%	-$1.3B-326.7%	$585.0M+3.4%	$566.0M-14.9%	$665.0M+13.9%	$583.9M+5.7%	$552.6M-0.1%	$553.0M-6.0%	$588.3M-0.7%	$592.3M+14.7%	$516.3M+6.1%	$486.6M+13.8%	$427.7M
EBITDA	N/A	$580.0M-67.4%	$1.8B+284.0%	-$968.0M-558.5%	-$147.0M-108.4%	$1.7B+95.4%	$891.0M-9.8%	$988.0M+30.4%	$757.7M+13.0%	$670.6M+2.3%	$655.4M-3.3%	$677.9M-0.5%	$681.7M+13.7%	$599.6M+6.4%	$563.3M+12.0%	$503.1M
Interest Expense	$187.0M	$229.0M-24.9%	$305.0M-19.7%	$380.0M+13.1%	$336.0M+16.3%	$289.0M+118.9%	$132.0M-4.3%	$138.0M+4.1%	$132.6M+102.8%	$65.4M+23.4%	$53.0M+15.0%	$46.1M0.0%	$46.1M-1.5%	$46.8M+12.0%	$41.8M-6.5%	$44.6M
Income Tax	$106.0M	-$53.0M-229.3%	$41.0M-40.6%	$69.0M-71.1%	$239.0M+218.7%	$75.0M+1.4%	$74.0M-23.7%	$97.0M-10.2%	$108.0M-55.3%	$241.4M+103.4%	$118.7M-1.0%	$119.9M-10.9%	$134.5M+2.2%	$131.7M-30.4%	$189.3M+77.4%	$106.7M
Net Income	$279.0M	-$359.0M-234.5%	$267.0M+110.3%	-$2.6B-38.8%	-$1.9B-768.1%	$279.0M-24.0%	$367.0M-20.2%	$460.0M+35.4%	$339.8M+14.9%	$295.7M-27.0%	$405.0M-3.4%	$419.2M+1.1%	$414.5M+17.3%	$353.5M+39.1%	$254.1M-4.8%	$266.9M
EPS (Basic)	N/A	-$1.41-235.6%	$1.04+110.3%	-$10.14-38.5%	-$7.32-759.5%	$1.11-65.8%	$3.25-19.8%	$4.05+6.3%	$3.81+2.1%	$3.73-26.4%	$5.07-2.3%	$5.19+2.0%	$5.09+17.8%	$4.32+38.9%	$3.11-5.8%	$3.30
EPS (Diluted)	$1.14	-$1.41-235.6%	$1.04+110.3%	-$10.14-38.5%	-$7.32-765.5%	$1.10	$3.21	$4.00+5.5%	$3.79+1.9%	$3.72-26.3%	$5.05-2.1%	$5.16+2.0%	$5.06+17.9%	$4.29+38.8%	$3.09-5.2%	$3.26
Diluted Shares (Avg)	N/A	256M0.0%	256M+0.4%	255M0.0%	255M+4.9%	243M	114M	113M+28.2%	88M+11.0%	79M-0.8%	80M-1.1%	81M-0.7%	81M-0.5%	82M+0.1%	82M+0.4%	81M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-K
Revenue	$2.0B+1.8%	$2.7B-3.6%	$3.4B+23.9%	$2.7B-7.9%	$1.9B-33.6%	$2.8B-1.9%	$2.8B+2.5%	$2.9B+3.7%
Cost of Revenue	$1.1B+0.5%	$1.7B-4.7%	$2.3B	$1.7B-8.6%	$1.1B-39.9%	$1.8B-3.6%	N/A	$1.9B-1.2%
Gross Profit	$853.0M+3.5%	$1.0B-1.6%	$1.1B+11.8%	$983.0M-6.6%	$824.0M-22.8%	$1.0B+1.1%	$980.0M+14.0%	$1.1B+13.9%
R&D Expenses	$170.0M0.0%	$166.0M+1.2%	$186.0M	$174.0M+7.4%	$170.0M-1.7%	$164.0M-1.2%	N/A	$162.0M+3.2%
SG&A Expenses	$437.0M+6.8%	$427.0M-7.4%	$543.0M	$421.0M-14.9%	$409.0M-17.0%	$461.0M-5.9%	N/A	$495.0M+11.5%
Operating Income	$158.0M+11.3%	$273.0M+130.2%	$153.0M	$226.0M-9.2%	$142.0M-25.7%	-$903.0M-553.8%	N/A	$249.0M+66.0%
EBITDA	$312.0M+8.3%	$519.0M+177.8%	$486.0M	$473.0M-4.8%	$288.0M-34.1%	-$667.0M-239.8%	N/A	$497.0M+12.4%
Interest Expense	$46.0M-24.6%	$44.0M-38.0%	$49.0M	$48.0M-35.1%	$61.0M-22.8%	$71.0M-14.5%	N/A	$74.0M-17.8%
Income Tax	$31.0M+127.7%	$39.0M+69.6%	$21.0M	$15.0M-58.3%	-$112.0M-1118.2%	$23.0M-57.4%	N/A	$36.0M+12.5%
Net Income	$50.0M-91.7%	$169.0M+116.6%	$20.0M	$40.0M-31.0%	$599.0M+252.4%	-$1.0B-1796.7%	N/A	$58.0M+132.0%
EPS (Basic)	$0.20-91.5%	$0.66+116.6%	$0.12+166.7%	$0.16-30.4%	$2.34+249.3%	-$3.98-1830.4%	-$0.18+98.2%	$0.23+130.0%
EPS (Diluted)	$0.20-91.4%	$0.66+116.6%	$0.12+166.7%	$0.16-30.4%	$2.33+253.0%	-$3.98-1830.4%	-$0.18+98.2%	$0.23+130.0%
Diluted Shares (Avg)	257M0.0%	257M+0.4%	N/A	257M0.0%	257M+0.4%	256M0.0%	N/A	257M+0.4%

IFF Balance Sheet

IFF quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$25.5B-11.1%	$28.7B-7.3%	$31.0B-12.8%	$35.5B-10.4%	$39.7B+192.6%	$13.6B+2.0%	$13.3B+3.1%	$12.9B+180.3%	$4.6B+14.5%	$4.0B+8.5%	$3.7B+5.9%	$3.5B+4.9%	$3.3B+2.6%	$3.2B+9.5%	$3.0B
Current Assets	$5.6B-29.8%	$8.0B+26.6%	$6.3B-15.3%	$7.4B+6.4%	$7.0B+128.3%	$3.1B+4.0%	$2.9B0.0%	$2.9B+55.1%	$1.9B+17.9%	$1.6B+12.0%	$1.4B-16.0%	$1.7B+3.5%	$1.7B+5.1%	$1.6B+19.4%	$1.3B
Cash & Equivalents	$590.0M+25.8%	$469.0M-33.3%	$703.0M+45.5%	$483.0M-32.1%	$711.0M+9.4%	$650.0M+7.1%	$607.0M-4.4%	$634.9M+72.5%	$368.0M+13.6%	$324.0M+78.0%	$182.0M-62.0%	$478.6M+18.0%	$405.5M+25.0%	$324.4M+267.5%	$88.3M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$1.5B-29.3%	$2.1B-13.9%	$2.5B-21.4%	$3.2B+25.2%	$2.5B+122.3%	$1.1B+0.8%	$1.1B+4.1%	$1.1B+66.1%	$649.4M+9.7%	$592.0M+3.5%	$572.0M+0.6%	$568.7M+6.5%	$533.8M-1.3%	$540.7M-0.7%	$544.4M
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	$950.4M+6.5%	$892.6M-5.7%	$946.9M+39.9%	$677.1M	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$8.2B-9.4%	$9.1B-14.7%	$10.6B-20.5%	$13.4B-18.6%	$16.4B+193.8%	$5.6B+1.7%	$5.5B+2.2%	$5.4B+365.1%	$1.2B+15.6%	$1.0B+6.2%	$941.4M+39.4%	$675.5M+1.5%	$665.6M0.0%	$665.6M0.0%	$665.6M
Total Liabilities	$11.4B-23.5%	$14.9B-9.0%	$16.4B-8.4%	$17.9B-3.8%	$18.6B+156.4%	$7.2B+2.5%	$7.1B+3.1%	$6.9B+135.2%	$2.9B+21.9%	$2.4B+13.2%	$2.1B+6.9%	$2.0B+5.7%	$1.9B-6.4%	$2.0B+7.3%	$1.9B
Current Liabilities	$3.9B-9.6%	$4.4B+15.8%	$3.8B+0.8%	$3.7B+2.6%	$3.6B+90.8%	$1.9B+22.7%	$1.6B+37.6%	$1.1B+46.8%	$768.8M-14.4%	$898.3M+23.9%	$725.2M+39.8%	$518.8M-7.4%	$560.4M-11.0%	$629.9M+11.6%	$564.6M
Non-Current Liabilities	$7.4B-29.3%	$10.5B-16.5%	$12.6B-10.5%	$14.1B-5.1%	$14.8B+183.0%	$5.2B-3.2%	$5.4B-4.1%	$5.6B+163.3%	$2.1B+43.9%	$1.5B+7.6%	$1.4B-4.9%	$1.5B+11.4%	$1.3B-4.4%	$1.4B+5.4%	$1.3B
Long-Term Debt	$4.7B-37.4%	$7.6B-17.7%	$9.2B-11.4%	$10.4B-3.7%	$10.8B+184.9%	$3.8B-5.5%	$4.0B-11.3%	$4.5B+176.0%	$1.6B+53.0%	$1.1B+14.1%	$935.4M+0.1%	$934.2M+0.2%	$932.7M+5.9%	$881.1M+13.2%	$778.2M
Total Equity	$14.2B+2.3%	$13.8B-5.3%	$14.6B-17.2%	$17.7B-16.3%	$21.1B+234.1%	$6.3B+1.5%	$6.2B+3.1%	$6.0B+258.2%	$1.7B+3.6%	$1.6B+2.3%	$1.6B+4.7%	$1.5B+3.8%	$1.5B+17.2%	$1.2B+13.1%	$1.1B
Retained Earnings	-$3.4B-29.1%	-$2.6B-8.5%	-$2.4B-355.4%	$955.0M-73.8%	$3.6B-12.4%	$4.2B+0.9%	$4.1B+4.1%	$4.0B+2.2%	$3.9B+1.4%	$3.8B+5.9%	$3.6B+7.6%	$3.4B+8.9%	$3.1B+8.3%	$2.8B+5.5%	$2.7B

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-K
Total Assets	$25.2B-3.7%	$25.1B-11.0%	$25.5B-11.1%	$25.8B-13.9%	$26.1B-11.6%	$28.3B-7.8%	$28.7B-7.3%	$29.9B-10.4%
Current Assets	$9.1B+53.3%	$5.4B-37.0%	$5.6B-29.8%	$5.9B-30.2%	$5.9B-27.3%	$8.6B+34.7%	$8.0B+26.6%	$8.4B+31.8%
Cash & Equivalents	$569.0M-30.3%	$562.0M-8.3%	$590.0M+25.8%	$621.0M+9.5%	$816.0M+21.6%	$613.0M-16.3%	$469.0M-33.3%	$567.0M-9.9%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$1.5B-36.5%	$2.3B0.0%	$1.5B-29.3%	$2.3B+5.6%	$2.4B+9.8%	$2.2B-6.7%	$2.1B-13.9%	$2.2B-13.7%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$8.1B-1.7%	$8.2B+2.4%	$8.2B-9.4%	$8.3B-11.6%	$8.3B-10.8%	$8.0B-23.8%	$9.1B-14.7%	$9.3B-28.3%
Total Liabilities	$11.2B-4.6%	$11.0B-26.9%	$11.4B-23.5%	$11.5B-23.9%	$11.7B-23.4%	$15.1B-7.7%	$14.9B-9.0%	$15.2B-7.7%
Current Liabilities	$4.4B+38.5%	$3.6B-20.9%	$3.9B-9.6%	$4.1B+26.4%	$3.2B-7.1%	$4.6B+20.6%	$4.4B+15.8%	$3.2B-12.6%
Non-Current Liabilities	$6.7B-20.8%	$7.3B-29.7%	$7.4B-29.3%	$7.4B-37.6%	$8.5B-28.1%	$10.4B-16.4%	$10.5B-16.5%	$11.9B-5.9%
Long-Term Debt	$4.7B-16.7%	$4.7B-37.7%	$4.7B-37.4%	$4.7B-45.1%	$5.7B-33.9%	$7.6B-16.9%	$7.6B-17.7%	$8.6B-5.8%
Total Equity	$14.0B-3.0%	$14.1B+7.2%	$14.2B+2.3%	$14.2B-3.6%	$14.4B+1.1%	$13.2B-7.8%	$13.8B-5.3%	$14.8B-13.0%
Retained Earnings	-$3.4B-5.8%	-$3.4B+10.1%	-$3.4B-29.1%	-$3.3B-36.1%	-$3.2B-33.2%	-$3.7B-50.1%	-$2.6B-8.5%	-$2.5B-750.0%

Not reported in any period shown, so not listed: Accounts Receivable.

IFF Cash Flow Statement

IFF quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$1.2B	$850.0M-20.6%	$1.1B-26.5%	$1.5B+266.5%	$397.0M-72.4%	$1.4B+101.3%	$714.0M+2.1%	$699.0M+59.7%	$437.6M+12.0%	$390.8M-29.0%	$550.1M+17.7%	$467.3M-9.9%	$518.4M+27.2%	$407.6M+25.9%	$323.8M+71.1%	$189.2M
Depreciation & Amortization	N/A	$962.0M-5.2%	$1.0B-11.1%	$1.1B-3.1%	$1.2B+2.0%	$1.2B+255.7%	$325.0M+0.6%	$323.0M+85.9%	$173.8M+47.3%	$118.0M+15.1%	$102.5M+14.4%	$89.6M+0.3%	$89.4M+7.4%	$83.2M+8.6%	$76.7M+1.8%	$75.3M
Stock-Based Compensation	N/A	$88.0M+14.3%	$77.0M+18.5%	$65.0M+32.7%	$49.0M-9.3%	$54.0M+50.0%	$36.0M+5.9%	$34.0M+15.6%	$29.4M+10.7%	$26.6M+8.1%	$24.6M+6.2%	$23.2M+2.3%	$22.6M-4.6%	$23.7M+20.4%	$19.7M-4.0%	$20.5M
Capital Expenditures	$621.0M	$594.0M+28.3%	$463.0M-8.0%	$503.0M-0.2%	$504.0M+28.2%	$393.0M+104.7%	$192.0M-18.6%	$236.0M+38.7%	$170.1M+31.9%	$129.0M+2.0%	$126.4M+25.1%	$101.0M-29.4%	$143.2M+6.7%	$134.2M+6.4%	$126.1M-1.0%	$127.5M
Free Cash Flow	$540.0M	$256.0M-57.8%	$607.0M-36.2%	$952.0M+989.7%	-$107.0M-110.2%	$1.0B+100.0%	$522.0M+12.7%	$463.0M+73.1%	$267.5M+2.2%	$261.8M-38.2%	$423.7M+15.7%	$366.3M-2.4%	$375.2M+37.2%	$273.4M+38.3%	$197.7M+220.2%	$61.7M
Investing Cash Flow	-$405.0M	$2.3B+596.0%	$326.0M-41.6%	$558.0M-25.1%	$745.0M+4238.9%	-$18.0M+90.4%	-$187.0M+17.3%	-$226.0M+95.5%	-$5.0B-1571.5%	-$299.9M+15.6%	-$355.5M+38.4%	-$577.2M-160.8%	-$221.3M-110.0%	-$105.4M+7.7%	-$114.3M+12.9%	-$131.2M
Financing Cash Flow	-$1.0B	-$3.1B-92.5%	-$1.6B+13.2%	-$1.9B-50.6%	-$1.2B+5.8%	-$1.3B-154.7%	-$512.0M-1.4%	-$505.0M-110.4%	$4.9B+11544.9%	-$42.6M-23.6%	-$34.4M+79.1%	-$165.0M+18.4%	-$202.3M+6.8%	-$217.0M-954.3%	$25.4M+125.2%	-$100.7M
Dividends Paid	$409.0M	$409.0M-20.4%	$514.0M-37.8%	$826.0M+2.0%	$810.0M+21.4%	$667.0M+106.5%	$323.0M+2.9%	$314.0M+36.4%	$230.2M+11.7%	$206.1M+11.5%	$184.9M+16.4%	$158.9M+19.2%	$133.2M+52.5%	$87.3M-33.3%	$130.9M+45.1%	$90.3M
Share Buybacks	N/A	$38.0M	$0	$0	N/A	N/A	$0	$0-100.0%	$15.5M-73.4%	$58.1M-54.4%	$127.4M+4.3%	$122.2M+38.5%	$88.2M+71.7%	$51.4M	$0	$0

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-K
Operating Cash Flow	$422.0M+75.1%	$257.0M+102.4%	$318.0M-18.3%	$164.0M-52.5%	$241.0M+1.7%	$127.0M+28.3%	$389.0M-41.1%	$345.0M-17.9%
Depreciation & Amortization	$154.0M+5.5%	$246.0M+4.2%	$237.0M-2.5%	$247.0M-0.4%	$146.0M-40.7%	$236.0M-15.1%	$243.0M-15.3%	$248.0M-15.1%
Stock-Based Compensation	$33.0M+10.0%	$16.0M-15.8%	N/A	$21.0M+23.5%	$30.0M+15.4%	$19.0M+5.6%	N/A	$17.0M-5.6%
Capital Expenditures	$136.0M+43.2%	$165.0M-7.8%	$188.0M+17.5%	$132.0M+28.2%	$95.0M+15.9%	$179.0M+51.7%	$160.0M+41.6%	$103.0M+3.0%
Free Cash Flow	$286.0M+95.9%	$92.0M+276.9%	$130.0M-43.2%	$32.0M-86.8%	$146.0M-5.8%	-$52.0M-173.7%	$229.0M-58.1%	$242.0M-24.4%
Investing Cash Flow	-$156.0M-105.8%	$23.0M+114.6%	-$157.0M+44.1%	-$115.0M-101.8%	$2.7B+263.6%	-$157.0M-101.3%	-$281.0M-251.3%	-$57.0M-166.3%
Financing Cash Flow	-$264.0M+90.6%	-$301.0M-278.1%	-$200.0M-23.5%	-$237.0M+43.7%	-$2.8B-165.6%	$169.0M+322.5%	-$162.0M+71.0%	-$421.0M+1.4%
Dividends Paid	$102.0M0.0%	$102.0M0.0%	$103.0M0.0%	$102.0M0.0%	$102.0M0.0%	$102.0M-50.7%	$103.0M-50.2%	$102.0M-50.5%
Share Buybacks	$36.0M	$35.0M	N/A	N/A	$0	$0	N/A	N/A

IFF Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

IFF quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	36.2%+0.3pp	35.9%+3.8pp	32.1%-1.3pp	33.4%+1.3pp	32.0%-9.0pp	41.0%-0.1pp	41.1%-1.2pp	42.3%-1.0pp	43.3%-1.5pp	44.8%+0.1pp	44.7%+0.6pp	44.1%+0.6pp	43.5%+1.8pp	41.7%+2.0pp	39.6%
Operating Margin	-3.5%-10.2pp	6.7%+25.1pp	-18.4%-7.7pp	-10.7%-15.7pp	5.0%-6.1pp	11.1%-1.8pp	12.9%-1.7pp	14.7%-1.6pp	16.3%-1.5pp	17.7%-1.7pp	19.5%+0.3pp	19.2%+1.7pp	17.5%+0.2pp	17.3%+1.9pp	15.3%
Net Margin	-3.3%-5.6pp	2.3%+24.9pp	-22.5%-7.6pp	-15.0%-17.4pp	2.4%-4.8pp	7.2%-1.7pp	8.9%+0.4pp	8.5%-0.2pp	8.7%-4.3pp	13.0%-0.9pp	13.9%+0.4pp	13.4%+1.5pp	12.0%+3.0pp	9.0%-0.6pp	9.6%
Return on Equity	-2.5%-4.5pp	1.9%+19.6pp	-17.7%-7.2pp	-10.6%-11.9pp	1.3%-4.5pp	5.8%-1.6pp	7.4%+1.8pp	5.6%-11.9pp	17.6%-7.3pp	24.9%-1.5pp	26.4%-0.9pp	27.3%+3.1pp	24.2%+3.8pp	20.3%-3.8pp	24.2%
Return on Assets	-1.4%-2.3pp	0.9%+9.3pp	-8.3%-3.1pp	-5.3%-5.9pp	0.7%-2.0pp	2.7%-0.8pp	3.5%+0.8pp	2.6%-3.8pp	6.4%-3.7pp	10.1%-1.2pp	11.3%-0.5pp	11.9%+1.2pp	10.6%+2.8pp	7.8%-1.2pp	9.0%
Current Ratio	1.42-0.4x	1.83+0.2x	1.67-0.3x	1.99+0.1x	1.92+0.3x	1.61-0.3x	1.90-0.7x	2.61+0.1x	2.47+0.7x	1.79-0.2x	1.98-1.3x	3.30+0.3x	2.95+0.5x	2.50+0.2x	2.33
Debt-to-Equity	0.33-0.2x	0.55-0.1x	0.630.0x	0.59+0.1x	0.51-0.1x	0.600.0x	0.64-0.1x	0.75-0.2x	0.97+0.3x	0.66+0.1x	0.590.0x	0.620.0x	0.64-0.1x	0.710.0x	0.70
Asset Turnover	0.430.0x	0.400.0x	0.370.0x	0.35+0.1x	0.29-0.1x	0.380.0x	0.39+0.1x	0.31-0.4x	0.740.0x	0.780.0x	0.82-0.1x	0.880.0x	0.890.0x	0.87-0.1x	0.94
FCF Margin	2.4%-2.9pp	5.3%-3.0pp	8.3%+9.2pp	-0.9%-9.8pp	9.0%-1.3pp	10.3%+1.3pp	9.0%+2.3pp	6.7%-1.0pp	7.7%-5.9pp	13.6%+1.5pp	12.1%0.0pp	12.2%+2.9pp	9.3%+2.3pp	7.0%+4.8pp	2.2%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-K
Gross Margin	43.6%+0.7pp	37.1%+0.7pp	31.9%-3.5pp	36.5%+0.5pp	42.9%+6.0pp	36.4%+1.1pp	35.4%+3.6pp	36.0%+3.2pp
Operating Margin	8.1%+0.7pp	10.0%+41.7pp	4.5%	8.4%-0.1pp	7.4%+0.8pp	-31.8%-38.6pp	N/A	8.5%+3.2pp
Net Margin	2.6%-28.6pp	6.2%+42.0pp	0.6%	1.5%-0.5pp	31.2%+25.3pp	-35.8%-37.9pp	N/A	2.0%+1.1pp
Return on Equity	0.4%-3.8pp	1.2%+8.9pp	0.1%	0.3%-0.1pp	4.2%+3.0pp	-7.7%-8.1pp	N/A	0.4%+0.2pp
Return on Assets	0.2%-2.1pp	0.7%+4.3pp	0.1%	0.2%0.0pp	2.3%+1.7pp	-3.6%-3.8pp	N/A	0.2%+0.1pp
Current Ratio	2.06+0.2x	1.49-0.4x	1.42-0.4x	1.44-1.2x	1.86-0.5x	1.87+0.2x	1.83+0.2x	2.62+0.9x
Debt-to-Equity	0.34-0.1x	0.34-0.2x	0.33-0.2x	0.33-0.3x	0.39-0.2x	0.58-0.1x	0.55-0.1x	0.580.0x
Asset Turnover	0.080.0x	0.110.0x	0.130.0x	0.100.0x	0.070.0x	0.100.0x	0.100.0x	0.100.0x
FCF Margin	14.6%+7.0pp	3.4%+5.2pp	3.8%-4.5pp	1.2%-7.1pp	7.6%+2.2pp	-1.8%-1.2pp	8.3%-12.0pp	8.3%-3.1pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
International Flavors & Fragrances Inc. IFF	FY2025	$10.9B	-$359.0M	-3.3%	$21.2B	27/100
RPM International, Inc. RPM	FY2026	$7.9B	$662.0M	8.4%	$12.2B	35/100
LyondellBasell Industries N.V. LYB	FY2025	$30.2B	-$738.0M	-2.5%	$19.1B	33/100
PPG Industries, Inc. PPG	FY2025	$15.9B	$1.6B	9.9%	$23.4B	58/100
Sociedad Quimica y Minera de Chile SA SQM	FY2025	$4.6B	$640.6M	14.0%	$18.8B	35/100
Westlake Corporation WLK	FY2025	$11.2B	-$1.5B	-13.5%	$8.3B	36/100

Where International Flavors & Fragrances Inc. Ranks

Frequently Asked Questions

What is International Flavors & Fragrances Inc.'s annual revenue?

International Flavors & Fragrances Inc. (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.

How fast is International Flavors & Fragrances Inc.'s revenue growing?

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

Is International Flavors & Fragrances Inc. profitable?

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

What is International Flavors & Fragrances Inc.'s EBITDA?

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

How much debt does International Flavors & Fragrances Inc. have?

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

What is International Flavors & Fragrances Inc.'s gross margin?

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

What is International Flavors & Fragrances Inc.'s operating margin?

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

What is International Flavors & Fragrances Inc.'s net profit margin?

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

Does International Flavors & Fragrances Inc. pay dividends?

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

What is International Flavors & Fragrances Inc.'s return on equity (ROE)?

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

What is International Flavors & Fragrances Inc.'s free cash flow?

International Flavors & Fragrances Inc. (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.

What is International Flavors & Fragrances Inc.'s operating cash flow?

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

What are International Flavors & Fragrances Inc.'s total assets?

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

What are International Flavors & Fragrances Inc.'s capital expenditures?

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

How much does International Flavors & Fragrances Inc. spend on research and development?

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

Does International Flavors & Fragrances Inc. buy back shares?

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

How many shares does International Flavors & Fragrances Inc. have outstanding?

International Flavors & Fragrances Inc. (IFF) had 255M shares outstanding as of fiscal year 2025.

What is International Flavors & Fragrances Inc.'s current ratio?

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

What is International Flavors & Fragrances Inc.'s debt-to-equity ratio?

International Flavors & Fragrances Inc. (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.

What is International Flavors & Fragrances Inc.'s return on assets (ROA)?

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

What is International Flavors & Fragrances Inc.'s P/E ratio?

International Flavors & Fragrances Inc. (IFF) trades at 76.1x earnings, its market capitalization divided by net income of $279.0M net income, trailing 12 months to June 30, 2026. The market capitalization is $21.2B as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is International Flavors & Fragrances Inc.'s price-to-sales ratio?

International Flavors & Fragrances Inc. (IFF) trades at 2.0x sales, its market capitalization divided by revenue of $10.8B revenue, trailing 12 months to June 30, 2026. The market capitalization is $21.2B as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is International Flavors & Fragrances Inc.'s Altman Z-Score?

International Flavors & Fragrances Inc. (IFF) has an Altman Z-Score of 1.39, 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 & Fragrances Inc.'s Piotroski F-Score?

International Flavors & Fragrances Inc. (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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are International Flavors & Fragrances Inc.'s earnings high quality?

International Flavors & Fragrances Inc. (IFF) reported a net loss of $359.0M while generating $850.0M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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 & Fragrances Inc. cover its interest payments?

International Flavors & Fragrances Inc. (IFF) reported an operating loss of $382.0M against $229.0M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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 & Fragrances Inc.?

International Flavors & Fragrances Inc. (IFF) scores 27 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.