IFFNYSEIndustrial Organic ChemicalsFiscal year ends December 31
INTERNATIONAL FLAVORS & FRAGRANCES INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 4, 2026
$90.96+0.28 (+0.31%)
Close on Oct 19, 2026
- Market cap
- $23.38B
- P/E (TTM)
- –
- Dividend yield
- 1.76%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
36.2%−4.9 pts over 5 years
Operating margin
-3.5%−14.6 pts over 5 years
Net margin
–
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -5.2% | -4.3% | +16.5% | +13.7% | |
| Gross profit | -4.5% | -1.7% | +13.6% | +11.3% | |
| Free cash flow | -57.8% | – | -13.3% | -3.5% | |
| Dividend per share | 0.0% | -20.6% | -12.0% | -2.5% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 25.2% | – | – | |
| Return on assets | 10.5% | – | – | |
| Current ratio | 1.79 | 1.61 | 1.42 | |
| Debt to equity | 0.81 | 0.70 | 0.42 | |
| Net debt to EBITDA | 1.53× | 4.21× | 9.31× | |
| Interest coverage | 10.4× | 4.3× | -1.7× | |
| Inventory turnover | 3.0× | 2.7× | 3.8× | |
| Capex to revenue | 4.1% | 3.8% | 5.5% | |
| Diluted shares | 80M | 114M | 256M |
Where the cash went
Fiscal 2021 to 2025, five years combined
International Flavors & Fragrances generated $5.21B from operations and spent $5.72B on capital expenditure, dividends and share buybacks. 43% of that went back into the business.
Generated
$5.21B
Used
$5.72B
Capital expenditure$2.46B43%Dividends$3.23B56%Share buybacks$38.00M1%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin8.5%
×Asset turnover0.45×
×Equity multiplier2.27×
=Return on equity, FY20188.8%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2018 | 8.5% | 0.45× | 2.27× | 8.8% |
| FY2017 | 8.7% | 0.79× | 2.60× | 17.9% |
| FY2016 | 13.0% | 0.81× | 2.40× | 25.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero–
- Cash generatingOperating cash flow above zero$850.00M
- Return on assets improvedROA up on the prior year– → –
- Earnings backed by cashOperating cash flow above net income$850.00M vs –
- Less leverageLong-term debt to assets fell26.3% → 18.6%
- Better liquidityCurrent ratio rose1.83 → 1.42
- No dilutionShare count did not rise256M → 256M
- Gross margin improvedGross margin up on the prior year35.91% → 36.16%
- More efficientAsset turnover rose0.37 → 0.38