Saturday 17 October 2026
Export IFF’s income statement to Excel — free account
International Flavors & Fragrances Inc.
IFF Basic Materials Specialty Chemicals
In the quarter to June 2026, revenue grew 1.82%, EPS fell 91.6%, free cash flow grew 94.5% and total debt was flat, each against the same quarter a year earlier. Member of the S&P 500; insiders bought in the last twelve months.
90.68
0.39
+0.43%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 97.24 | 113.16 | 122.11 | 104.86 | 92.14 | 103.94 | 83.14 | 62.11 | 72.94 | 59.14 |
Analyst estimates 2026–2028 Powerpack |
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| High | 143.64 | 156.64 | 157.40 | 152.95 | 143.87 | 157.08 | 151.86 | 118.34 | 106.77 | 88.09 | |||||
| People | |||||||||||||||
| People | Employees | 6,900 | 7,300 | 13,000 | 13,600 | 13,700 | 24,000 | 24,600 | 21,500 | 3,400 | 21,500 | ||||
| Revenue/emp, $m | 0.45 | 0.47 | 0.31 | 0.38 | 0.37 | 0.49 | 0.51 | 0.53 | 3.38 | 0.51 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 3,116 | 3,399 | 3,978 | 5,140 | 5,084 | 11,656 | 12,440 | 11,479 | 11,484 | 10,890 | ||||
| Gross margin, % | 44.78 | 43.32 | 42.31 | 41.11 | 41.03 | 32.04 | 33.37 | 32.07 | 35.91 | 36.16 | |||||
| EBT | 524 | 537 | 448 | 557 | 441 | 354 | (1,625) | (2,518) | 308 | (412) | |||||
| EBT margin, % | 16.81 | 15.80 | 11.26 | 10.84 | 8.67 | 3.04 | (13.06) | (21.94) | 2.68 | (3.78) | |||||
| Net income | 405 | 296 | 340 | 460 | 367 | 279 | (1,864) | (2,587) | 267 | (359) | |||||
| Depreciation | 102 | 118 | 174 | 323 | 325 | 1,156 | 1,179 | 1,142 | 1,015 | 962 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 39.13 | 42.98 | 45.43 | 45.89 | 45.39 | 47.97 | 48.78 | 45.02 | 44.86 | 42.54 | ||||
| Earnings | 5.07 | 3.73 | 3.81 | 4.05 | 3.25 | 1.11 | (7.21) | (10.05) | 0.95 | (1.46) | |||||
| Cash flow | 6.91 | 4.94 | 5.00 | 6.24 | 6.38 | 5.91 | 1.56 | 5.71 | 4.18 | 3.32 | |||||
| Capex | (1.50) | (1.43) | (1.89) | (1.79) | (1.56) | (1.56) | (1.95) | (1.87) | (1.75) | (2.25) | |||||
| Free cash flow | 5.41 | 3.51 | 3.11 | 4.46 | 4.81 | 4.35 | (0.40) | 3.84 | 2.43 | 1.07 | |||||
| Book value | 20.48 | 21.36 | 69.03 | 55.62 | 56.45 | 86.90 | 69.35 | 57.42 | 54.18 | 55.41 | |||||
| Shares, m | 80 | 79 | 88 | 112 | 112 | 243 | 255 | 255 | 256 | 256 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 23.11 | 41.44 | 32.35 | 31.94 | 33.59 | 149.16 | 0.00 | 0.00 | 82.18 | 0.00 | ||||
| P/S | 2.99 | 3.60 | 2.96 | 2.81 | 2.40 | 3.14 | 2.17 | 1.81 | 1.88 | 1.58 | |||||
| P/B | 5.72 | 7.23 | 1.95 | 2.32 | 1.93 | 1.73 | 1.52 | 1.42 | 1.56 | 1.22 | |||||
| EV/Sales | 3.23 | 3.97 | 3.92 | 3.55 | 3.15 | 4.07 | 3.02 | 2.65 | 2.61 | 2.08 | |||||
| EV/FCF | 23.40 | 48.52 | 56.63 | 36.14 | 30.19 | 44.81 | (371.35) | 31.12 | 48.10 | 82.38 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 550 | 391 | 438 | 699 | 714 | 1,437 | 397 | 1,455 | 1,070 | 850 | ||||
| Capex | (120) | (113) | (165) | (200) | (175) | (379) | (498) | (476) | (447) | (575) | |||||
| Free cash flow | 431 | 278 | 272 | 499 | 539 | 1,058 | (101) | 979 | 623 | 275 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 711 | 1,128 | 1,814 | 1,390 | 1,156 | 3,354 | 3,704 | 2,535 | 3,616 | 1,661 | ||||
| Total debt | 1,067 | 1,632 | 4,504 | 3,997 | 3,779 | 10,768 | 10,373 | 9,186 | 7,564 | 4,740 | |||||
| Net debt | 743 | 1,264 | 3,856 | 3,373 | 3,122 | 10,053 | 9,880 | 8,477 | 7,095 | 4,150 | |||||
| Shareholders’ equity | 1,631 | 1,689 | 6,043 | 6,230 | 6,322 | 21,117 | 17,685 | 14,642 | 13,869 | 14,186 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 10.49 | 6.86 | 3.86 | 3.48 | 2.70 | 1.01 | (4.98) | (7.79) | 0.88 | (1.33) | ||||
| ROIC | 14.56 | 11.69 | 3.69 | 4.33 | 3.75 | 1.17 | (3.01) | (5.70) | 2.28 | (1.30) | |||||
| ROE | 25.11 | 17.81 | 8.72 | 7.43 | 5.78 | 1.97 | (9.64) | (16.03) | 1.84 | (2.57) | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
International Flavors & Fragrances Inc. vs peers in Specialty Chemicals (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| PPG PPG Industries, Inc. | $24.0B | 15.3× | 15.5× | +7.15% (above 0%: growing) | −1.01% (below 0%: shrinking) | +67.67% (above 0%: growing) | 40.22% | 14.15% | Compare |
| IFF International Flavors & Fragrances Inc. | $23.0B | 83.2× | 29.3× | +1.82% (above 0%: growing) | −91.63% (below 0%: shrinking) | +94.52% (above 0%: growing) | 43.65% | 8.09% | |
| LYB LyondellBasell Industries N.V. | $20.2B | — (loss-making) | 6.4× | +19.84% (above 0%: growing) | +388.57% (above 0%: growing) | +356.38% (above 0%: growing) | 22.21% | 16.81% | Compare |
| DD DuPont de Nemours, Inc. | $17.8B | 290× | 26.5× | +4.00% (above 0%: growing) | +150.00% (above 0%: growing) | +1,250.00% (above 0%: growing) | 35.13% | 16.38% | Compare |
| RPM RPM International Inc. | $12.8B | 18.4× | 18.3× | +4.82% (above 0%: growing) | +13.75% (above 0%: growing) | +33.14% (above 0%: growing) | 41.25% | 15.99% | Compare |
| ALB Albemarle Corporation | $11.6B | 199× | 14.9× | +31.08% (above 0%: growing) | n/m | +708.43% (above 0%: growing) | 33.86% | 25.98% | Compare |
| SSL Sasol Ltd. | $10.1B | 3.5× | 5.2× | −5.20% (below 0%: shrinking) | +20.86% (above 0%: growing) | +6,912.65% (above 0%: growing) | 31.35% | 0.00% | Compare |
| SOLS Solstice Advanced Materials Inc. | $9.5B | 27.4× | 27.8× | +11.13% (above 0%: growing) | −14.99% (below 0%: shrinking) | +70.83% (above 0%: growing) | 32.23% | 17.16% | Compare |
| ESI Element Solutions Inc. | $8.7B | 47.4× | 33.3× | +56.41% (above 0%: growing) | +60.00% (above 0%: growing) | +29.19% (above 0%: growing) | 34.15% | 11.63% | Compare |
| Median of peers | $12.2B | 27.4× | 16.9× | +9.14% | +20.86% | +213.61% | 34.01% | 16.19% |
IFF metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
International Flavors & Fragrances Inc. (IFF) key facts
- International Flavors & Fragrances Inc. (IFF) is a Specialty Chemicals company in the Basic Materials sector, listed on the New York Stock Exchange.
- As of October 16, 2026, IFF traded at $90.68, a market capitalization of $23.0 billion.
- International Flavors & Fragrances Inc. pays an annual dividend of $1.60 per share, a yield of 1.76%, with a payout ratio of 146.8%.
- Return on equity was −2.57% and debt-to-equity 0.41.
- Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 1.18 (distress zone) for fiscal 2025.