Financials · IFF

International Flavors & Fragrances Inc. (IFF) financials

For the twelve months ended Sep 30, 2026, International Flavors & Fragrances Inc. reported $11.69B of revenue and $182.00M of net income.

Revenue, TTM
$11.69B
Revenue growth, YoY
+24.3%
Net income, TTM
$182.00M
Net margin
1.6%
Free cash flow, TTM
$501.00M
EPS, diluted, TTM
$0.72
Cash
$272.00M
Total debt
$6.27B
P/E
118.81
P/S
1.85
Market cap
$21.62B
Annual revenue$10.89B
FY2016FY2025
Annual net income-$361.00M
FY2016FY2025
Annual free cash flow$256.00M
FY2016FY2025

IFF revenue and earnings growth

IFF revenueQ3 2026$1.94B

Quarter YoY
+3.9%
QoQ
-0.6%
FY YoY
-5.2%
5Y CAGR
+16.5%

IFF revenue was $1.94B in fiscal Q3 2026 (ended Sep 30, 2026), up 3.9% from a year earlier and down 0.6% from the prior quarter. For the full fiscal 2025 it was $10.89B, down 5.2% from fiscal 2024. Compound annual growth was +16.5% over 5 years. It rose in 6 of the last 9 fiscal years.

IFF net incomeQ3 2026-$55.00M

IFF net income was -$55.00M in fiscal Q3 2026 (ended Sep 30, 2026), compared with $40.00M a year earlier. For the full fiscal 2025 it was -$361.00M, compared with $263.00M in fiscal 2024.

IFF EPSQ3 2026-$0.22

IFF diluted EPS was -$0.22 in fiscal Q3 2026 (ended Sep 30, 2026), compared with $0.16 a year earlier. For the full fiscal 2025 it was -$1.41, compared with $1.04 in fiscal 2024.

IFF free cash flowQ3 2026-$7.00M

FY YoY
-57.8%
5Y CAGR
-13.3%
10Y CAGR
-3.5%

IFF free cash flow was -$7.00M in fiscal Q3 2026 (ended Sep 30, 2026), compared with $32.00M a year earlier. For the full fiscal 2025 it was $256.00M, down 57.8% from fiscal 2024. Compound annual growth was -13.3% over 5 years and -3.5% over 10 years.

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Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue$10.89B$11.48B$11.48B$12.44B$11.66B$5.08B$5.14B$3.98B$3.40B$3.12B
Cost of revenue$6.95B$7.36B$7.80B$8.29B$7.92B$3.00B$3.03B$2.29B$1.93B$1.72B
Gross profit$3.94B$4.12B$3.68B$4.15B$3.73B$2.09B$2.11B$1.68B$1.47B$1.40B
Research and development$694.00M$671.00M$636.00M$603.00M$629.00M$357.00M$346.00M$311.58M$295.47M$258.86M
Selling, general and admin$1.83B$2.00B$1.79B$1.77B$1.75B$949.00M$876.00M$707.46M$570.14M$572.52M
Operating income-$382.00M$766.00M-$2.11B-$1.33B$585.00M$566.00M$665.00M$583.88M$552.63M$552.96M
Interest expense$229.00M$305.00M$380.00M$336.00M$289.00M$132.00M$138.00M$132.56M$65.36M$52.99M
Pre-tax income-$412.00M$308.00M-$2.52B-$1.63B$354.00M$441.00M$557.00M$447.76M$537.04M$523.72M
Income tax-$53.00M$41.00M$69.00M$239.00M$75.00M$74.00M$97.00M$107.98M$241.38M$118.69M
Net income-$361.00M$263.00M-$2.59B-$1.87B$270.00M$363.00M$456.00M$337.30M$295.67M$405.03M
EPS, basic-$1.41$1.04-$10.14-$7.32$1.11$3.25$4.05$3.81$3.73$5.07
EPS, diluted-$1.41$1.04-$10.14-$7.32$1.10$3.21$4.00$3.79$3.72$5.05
Diluted shares256.0M256.0M255.0M255.0M243.0M114.0M113.0M88.1M79.4M80.0M

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Cash and equivalents$347.00M$312.00M$703.00M$483.00M$711.00M$660.00M$624.00M$649.00M$368.05M$323.99M
Receivables$1.29B$1.62B$1.73B$1.82B$1.91B$929.00M$876.20M$63.46M$663.66M$550.66M
Inventory$1.51B$2.13B$2.48B$3.15B$2.52B$1.13B$1.12B$1.08B$649.45M$592.02M
Current assets$5.59B$7.97B$6.29B$7.43B$6.99B$3.06B$2.94B$2.94B$1.90B$1.61B
Goodwill$8.23B$9.07B$10.63B$13.37B$16.43B$5.59B$5.50B$5.38B$1.16B$1.00B
Total assets$25.54B$28.72B$30.98B$35.52B$39.66B$13.55B$13.29B$12.89B$4.60B$4.02B
Current liabilities$3.93B$4.35B$3.76B$3.73B$3.63B$1.90B$1.55B$1.13B$768.77M$898.30M
Short-term debt$1.25B$1.41B$885.00M$410.00M$308.00M$634.00M$384.96M$48.64M$6.97M$258.52M
Long-term debt$4.74B$7.56B$9.19B$10.37B$10.77B$3.78B$4.00B$4.50B$1.63B$1.07B
Total debt$5.99B$8.98B$10.07B$10.78B$11.08B$4.41B$4.38B$4.55B$1.64B$1.33B
Total liabilities$11.35B$14.85B$16.40B$17.88B$18.54B$7.23B$7.06B$6.85B$2.91B$2.39B
Shareholders' equity$14.15B$13.87B$14.58B$17.65B$21.12B$6.32B$6.23B$6.04B$1.69B$1.63B

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Operating cash flow$850.00M$1.07B$1.46B$397.00M$1.44B$714.00M$699.00M$437.57M$390.76M$550.14M
Capital expenditures$594.00M$463.00M$503.00M$504.00M$393.00M$192.00M$236.00M$170.09M$128.97M$126.41M
Free cash flow$256.00M$607.00M$952.00M-$107.00M$1.04B$522.00M$463.00M$267.48M$261.78M$423.73M
Investing cash flow$2.27B$326.00M$558.00M$745.00M-$18.00M-$187.00M-$226.00M-$5.01B-$299.93M-$355.46M
Financing cash flow-$3.09B-$1.61B-$1.85B-$1.23B-$1.30B-$512.00M-$505.00M$4.87B-$42.56M-$34.43M
Dividends paid$409.00M$514.00M$826.00M$810.00M$667.00M$323.00M$314.00M$230.22M$206.12M$184.90M
Share repurchases$38.00M$0$0--$0$0$15.47M$58.07M$127.44M
Stock-based compensation$88.00M$77.00M$65.00M$49.00M$54.00M$36.00M$34.00M$29.40M$26.57M$24.59M
Depreciation and amortization$962.00M$1.01B$1.14B$1.18B$1.16B$325.00M$323.00M$173.79M$117.97M$102.47M

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue growth, YoY-5.2%0.0%-7.7%6.7%129.3%-1.1%29.2%17.0%9.1%-
Net income growth, YoY-----25.6%-20.4%35.2%14.1%-27.0%-3.4%
EPS growth, YoY------19.8%5.5%1.9%-26.3%-2.1%
Gross margin36.2%35.9%32.1%33.4%32.0%41.0%41.1%42.3%43.3%44.8%
Operating margin-3.5%6.7%-18.4%-10.7%5.0%11.1%12.9%14.7%16.3%17.7%
Net margin-3.3%2.3%-22.6%-15.0%2.3%7.1%8.9%8.5%8.7%13.0%
Free cash flow margin2.4%5.3%8.3%-0.9%9.0%10.3%9.0%6.7%7.7%13.6%
Return on equity-2.6%1.9%-17.8%-10.6%1.3%5.7%7.3%5.6%17.5%24.8%
Return on assets-1.4%0.9%-8.4%-5.3%0.7%2.7%3.4%2.6%6.4%10.1%
Current ratio1.421.831.671.991.921.611.902.612.471.79
Debt to equity0.420.650.690.610.520.700.700.750.970.81

Source: XBRL data International Flavors & Fragrances Inc. files with the SEC, latest filing dated Nov 3, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

IFF peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
IFF$11.69B+24.3%$182.00M1.6%$21.62B
LIN$36.24B+8.2%$7.01B19.3%$239.29B
APD$12.60B+4.5%-$47.30M-0.4%$68.92B
DOW$42.61B+4.2%-$897.00M-2.1%$23.15B
LYB$31.96B+3.5%$1.30B4.1%$19.92B
DD$7.06B+3.2%$301.00M4.3%$19.21B
ALB$6.15B+24.4%$681.63M11.1%$11.61B
SOLS$4.17B+9.4%$325.00M7.8%$8.74B
WLK$11.44B-0.4%-$424.00M-3.7%$8.47B

IFF FAQ

9 questions
  • What is IFF revenue?
    International Flavors & Fragrances Inc. (IFF) reported $11.69B of revenue for the twelve months ended Sep 30, 2026. That is up 24.3% from the year before. Revenue for fiscal 2025 was $10.89B.
  • Is IFF profitable?
    Yes. International Flavors & Fragrances Inc. earned $182.00M in net income for the twelve months ended Sep 30, 2026, a net margin of 1.6%.
  • How much cash and debt does IFF have?
    International Flavors & Fragrances Inc. reported $272.00M in cash and cash equivalents and $6.27B of debt on its most recent balance sheet in SEC filings.
  • How fast is IFF revenue growing?
    International Flavors & Fragrances Inc.'s revenue changed -5.2% in fiscal 2025, to $10.89B. Its compound annual growth rate was +16.5% over 5 years.
  • What is IFF gross margin?
    International Flavors & Fragrances Inc.'s gross profit was $4.16B on $11.69B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 35.6%.
  • What is IFF free cash flow?
    International Flavors & Fragrances Inc. generated $501.00M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $1.14B less capital expenditures.
  • What is IFF earnings per share?
    Diluted earnings per share were $0.72 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did IFF last report financial results?
    The latest statements here come from International Flavors & Fragrances Inc.'s 10-Q filed on Nov 3, 2026, covering the period ended Sep 30, 2026.
  • Where does this IFF financial data come from?
    Quantisnow builds these statements from the structured XBRL data International Flavors & Fragrances Inc. files with the SEC. It is provided for information only and is not investment advice.