International Flavors & Fragrances (IFF) Financials

$77.24 +2.24 (+2.99%)

Closing price 05/27/2025 03:59 PM Eastern

Extended Trading

$77.24 0.00 (-0.01%)

As of 05/27/2025 06:53 PM Eastern

Annual Income Statements for International Flavors & Fragrances

This table shows International Flavors & Fragrances' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	243	-2,567	-1,871	270	363	456	337	296	405	419
Consolidated Net Income / (Loss)	247	-2,563	-1,864	279	367	460	340	296	405	419
Net Income / (Loss) Continuing Operations	247	-2,563	-1,864	279	367	460	340	296	405	419
Total Pre-Tax Income	278	-2,518	-1,625	354	441	557	448	537	524	539
Total Operating Income	766	-2,110	-1,326	585	566	665	584	553	553	588
Total Gross Profit	4,124	3,681	4,151	3,735	2,086	2,113	1,683	1,472	1,396	1,352
Total Revenue	11,484	11,479	12,440	11,656	5,084	5,140	3,978	3,399	3,116	3,023
Operating Revenue	11,484	11,479	12,440	11,656	5,084	5,140	3,978	3,399	3,116	3,023
Total Cost of Revenue	7,360	7,798	8,289	7,921	2,998	3,027	2,295	1,926	1,721	1,672
Operating Cost of Revenue	7,360	7,798	8,289	7,921	2,998	3,027	2,295	1,926	1,721	1,672
Total Operating Expenses	3,358	5,791	5,477	3,150	1,520	1,448	1,099	920	843	763
Selling, General & Admin Expense	1,995	1,787	1,768	1,749	949	876	707	570	573	495
Research & Development Expense	671	636	603	629	357	346	312	295	259	246
Amortization Expense	610	680	727	732	193	193	76	35	24	15
Impairment Charge	64	2,623	2,370	0.00	0.00	-	-	-	-	-
Restructuring Charge	29	68	12	41	17	30	5.08	20	-1.70	7.59
Other Special Charges / (Income)	-11	-3.00	-3.00	-1.00	4.00	3.00	-1.18	-0.18	-11	0.00
Total Other Income / (Expense), net	-488	-408	-299	-231	-125	-108	-136	-16	-29	-49
Interest Expense	305	380	336	289	132	138	171	65	53	46
Other Income / (Expense), net	-183	-28	37	58	7.00	30	35	50	24	-3.18
Income Tax Expense	31	45	239	75	74	97	108	241	119	120
Net Income / (Loss) Attributable to Noncontrolling Interest	4.00	4.00	7.00	9.00	4.00	4.00	2.48	0.00	0.00	-
Basic Earnings per Share	$0.95	($10.05)	($7.32)	$1.11	$3.25	$4.05	$3.81	$3.73	$5.07	$5.19
Weighted Average Basic Shares Outstanding	256M	255M	255M	243M	112M	112M	87.55M	79.07M	79.65M	80.45M
Diluted Earnings per Share	$0.95	($10.05)	($7.32)	$1.10	$3.21	$4.00	$3.79	$3.72	$5.05	$5.16
Weighted Average Diluted Shares Outstanding	256M	255M	255M	243M	114M	113M	88.12M	79.37M	79.98M	80.89M
Weighted Average Basic & Diluted Shares Outstanding	255.71M	255.31M	255.06M	254.68M	248.73M	106.80M	106.63M	79.30M	79.90M	80.45M
Cash Dividends to Common per Share	$1.60	$3.24	$3.20	$3.12	$3.04	$2.96	$2.84	$2.66	$2.40	$2.06

This table shows International Flavors & Fragrances' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-1,018	-328	59	452	60	-2,610	25	27	-9.00	-25	-2,197
Consolidated Net Income / (Loss)	-1,017	-46	60	172	61	-2,609	27	27	-8.00	-24	-2,195
Net Income / (Loss) Continuing Operations	-1,017	-328	60	454	61	-2,609	27	27	-8.00	-24	-2,195
Total Pre-Tax Income	-994	-115	95	183	115	-2,641	59	50	14	-5.00	-2,035
Total Operating Income	-903	127	249	191	199	-2,536	150	145	131	105	-1,985
Total Gross Profit	1,035	980	1,052	1,068	1,024	860	924	933	964	869	1,001
Total Revenue	2,843	2,771	2,925	2,889	2,899	2,703	2,820	2,929	3,027	2,844	3,063
Operating Revenue	2,843	2,771	2,925	2,889	2,899	2,703	2,820	2,929	3,027	2,844	3,063
Total Cost of Revenue	1,808	1,791	1,873	1,821	1,875	1,843	1,896	1,996	2,063	1,975	2,062
Operating Cost of Revenue	1,808	1,791	1,873	1,821	1,875	1,843	1,896	1,996	2,063	1,975	2,062
Total Operating Expenses	1,938	853	803	877	825	3,396	774	788	833	764	2,986
Selling, General & Admin Expense	461	517	495	493	490	444	444	445	454	440	413
Research & Development Expense	164	170	162	173	166	157	157	161	161	143	145
Amortization Expense	143	143	146	153	168	167	170	172	171	175	182
Impairment Charge	1,153	-	0.00	64	-	-	0.00	0.00	-	-	2,250
Restructuring Charge	17	23	1.00	2.00	3.00	7.00	2.00	7.00	52	7.00	-4.00
Other Special Charges / (Income)	0.00	-	-1.00	-8.00	-2.00	-2.00	1.00	3.00	-5.00	-1.00	0.00
Total Other Income / (Expense), net	-91	-524	-154	274	-84	-105	-91	-95	-117	-110	-50
Interest Expense	71	69	74	79	83	89	90	101	100	104	83
Other Income / (Expense), net	-20	-455	-80	353	-1.00	-16	-1.00	6.00	-17	-6.00	33
Income Tax Expense	23	-69	35	11	54	-32	32	23	22	19	160
Net Income / (Loss) Attributable to Noncontrolling Interest	1.00	-	1.00	2.00	1.00	1.00	2.00	0.00	1.00	1.00	2.00
Basic Earnings per Share	($3.98)	($0.18)	$0.23	$0.67	$0.23	($10.22)	$0.10	$0.11	($0.04)	($0.11)	($8.60)
Weighted Average Basic Shares Outstanding	256M	256M	256M	255M	255M	255M	255M	255M	255M	255M	255M
Diluted Earnings per Share	($3.98)	($0.17)	$0.23	$0.66	$0.23	($10.22)	$0.10	$0.11	($0.04)	($0.11)	($8.60)
Weighted Average Diluted Shares Outstanding	256M	256M	257M	256M	256M	255M	256M	255M	255M	255M	255M
Weighted Average Basic & Diluted Shares Outstanding	255.79M	255.71M	255.68M	255.66M	255.35M	255.31M	255.28M	255.25M	255.09M	255.06M	254.96M
Cash Dividends to Common per Share	$0.40	-	$0.40	$0.40	$0.40	-	$0.81	$0.81	$0.81	-	$0.81

This table details how cash moves in and out of International Flavors & Fragrances' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	-264	183	-164	56	36	-25	280	44	142	-297
Net Cash From Operating Activities	1,070	1,439	397	1,437	714	699	438	391	550	467
Net Cash From Continuing Operating Activities	1,070	1,439	397	1,437	714	699	438	391	550	467
Net Income / (Loss) Continuing Operations	247	-2,563	-1,864	279	367	460	340	296	405	419
Consolidated Net Income / (Loss)	247	-2,563	-1,864	279	367	460	340	296	405	419
Depreciation Expense	1,015	1,142	1,179	1,156	325	323	174	118	102	90
Non-Cash Adjustments To Reconcile Net Income	-91	2,752	2,386	40	40	36	55	-42	14	23
Changes in Operating Assets and Liabilities, net	-101	108	-1,304	-406	-18	-120	-131	19	29	-64
Net Cash From Investing Activities	326	574	745	-18	-187	-226	-5,013	-300	-355	-577
Net Cash From Continuing Investing Activities	326	574	745	-18	-187	-226	-5,013	-300	-355	-577
Purchase of Property, Plant & Equipment	-463	-503	-504	-393	-192	-236	-170	-129	-126	-101
Acquisitions	-5.00	0.00	-112	-4.00	0.00	-55	-4,861	-192	-237	-493
Purchase of Investments	-102	0.00	0.00	-	-14	0.00	-2.64	-	0.64	-
Sale of Property, Plant & Equipment	21	27	8.00	18	17	42	8.18	16	6.86	4.30
Divestitures	875	1,050	1,169	115	0.00	0.00	10	0.00	0.00	-
Sale and/or Maturity of Investments	0.00	0.00	173	0.00	0.00	26	0.00	1.43	-	12
Other Investing Activities, net	0.00	0.00	11	246	2.00	-3.00	1.84	3.80	0.29	0.87
Net Cash From Financing Activities	-1,606	-1,851	-1,229	-1,304	-512	-505	4,871	-43	-34	-165
Net Cash From Continuing Financing Activities	-1,606	-1,851	-1,229	-1,304	-512	-505	4,871	-43	-34	-165
Repayment of Debt	-1,040	-767	-624	-927	-350	-155	-411	-260	-262	138
Repurchase of Common Equity	0.00	-39	-47	0.00	-22	0.00	-15	-58	-127	-122
Payment of Dividends	-514	-839	-810	-669	-323	-314	-230	-206	-185	-159
Issuance of Debt	0.00	-187	273	327	200	-1.00	3,257	498	556	0.00
Other Financing Activities, net	-52	-19	-21	-35	-17	-35	2,271	-17	-17	-23
Other Net Changes in Cash	-54	21	-	-59	-	-	-	-	-	-
Cash Interest Paid	308	370	310	310	128	134	118	55	51	47
Cash Income Taxes Paid	370	578	329	289	133	126	116	107	108	103

This table details how cash moves in and out of International Flavors & Fragrances' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	179	-44	-133	-123	36	73	10	35	65	2,097	-2,167
Net Cash From Operating Activities	127	368	366	237	99	644	420	248	127	208	240
Net Cash From Continuing Operating Activities	127	432	366	173	99	644	420	248	127	2,458	-2,010
Net Income / (Loss) Continuing Operations	-1,017	-46	60	172	61	-2,609	27	27	-8.00	-24	-2,195
Consolidated Net Income / (Loss)	-1,017	-46	60	172	61	-2,609	27	27	-8.00	-24	-2,195
Depreciation Expense	236	243	248	246	278	287	292	287	276	282	293
Non-Cash Adjustments To Reconcile Net Income	1,172	-105	67	-69	16	2,612	47	72	21	2,245	-2.00
Changes in Operating Assets and Liabilities, net	-264	340	-9.00	-176	-256	354	54	-138	-162	-45	-106
Net Cash From Investing Activities	-157	-260	-78	742	-78	-64	86	719	-167	-142	1,233
Net Cash From Continuing Investing Activities	-157	-260	-78	742	-78	-64	86	719	-167	-142	1,233
Purchase of Property, Plant & Equipment	-179	-160	-103	-82	-118	-113	-100	-115	-175	-160	-108
Sale of Property, Plant & Equipment	0.00	3.00	2.00	13	3.00	5.00	1.00	14	7.00	7.00	-3.00
Divestitures	0.00	-1.00	28	811	37	44	185	820	1.00	11	1,158
Sale and/or Maturity of Investments	22	-	-	-	-	-	-	-	-	-	173
Net Cash From Financing Activities	169	-162	-421	-1,063	40	-558	-427	-944	78	-142	-1,464
Net Cash From Continuing Financing Activities	169	-162	-421	-1,063	40	-564	-421	-944	78	-142	-1,464
Repayment of Debt	-21	-58	-129	-268	-585	-298	-61	-305	-103	-1.00	-730
Payment of Dividends	-102	-103	-102	-102	-207	-220	-206	-207	-206	-206	-202
Issuance of Debt	292	-	-189	-644	833	-	-159	-421	393	113	-532
Other Net Changes in Cash	40	-	-	-	-25	51	-	-	27	-	-
Cash Interest Paid	37	92	58	97	61	109	70	125	66	111	56
Cash Income Taxes Paid	86	122	63	132	53	128	46	177	227	53	49

This table presents International Flavors & Fragrances' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	28,667	30,978	35,522	39,658	13,555	13,287	12,889	4,599	4,017	3,702
Total Current Assets	7,993	6,293	7,432	6,987	3,060	2,943	2,942	1,897	1,609	1,437
Cash & Equivalents	469	709	483	711	650	607	635	368	324	182
Accounts Receivable	1,624	1,726	1,818	1,906	929	876	938	664	551	538
Inventories, net	2,133	2,477	3,151	2,516	1,132	1,123	1,079	649	592	572
Other Current Assets	737	875	770	728	342	319	277	215	142	145
Other Current Nonoperating Assets	3,030	506	1,200	1,122	0.00	-	-	-	-	-
Plant, Property, & Equipment, net	3,739	4,240	4,203	4,368	1,458	1,387	1,241	881	776	733
Total Noncurrent Assets	16,935	20,445	23,887	28,303	9,037	8,958	8,706	1,822	1,632	1,532
Goodwill	9,080	10,635	13,373	16,414	5,593	5,498	5,378	1,156	1,000	941
Intangible Assets	6,445	8,357	9,082	10,506	2,727	2,852	3,039	416	366	306
Other Noncurrent Operating Assets	1,410	1,453	1,432	1,383	717	608	289	250	128	118
Total Liabilities & Shareholders' Equity	28,667	30,978	35,522	39,658	13,555	13,287	12,889	4,599	4,017	3,702
Total Liabilities	14,756	16,336	17,591	18,436	7,135	6,959	6,764	2,910	2,386	2,107
Total Current Liabilities	4,333	3,758	3,728	3,633	1,904	1,552	1,128	769	898	725
Short-Term Debt	1,413	885	410	632	634	385	49	6.97	259	132
Accounts Payable	1,283	1,378	1,418	1,532	556	510	471	338	275	286
Dividends Payable	102	207	206	201	82	80	78	54	51	45
Current Employee Benefit Liabilities	420	265	267	335	133	-	-	-	-	-
Other Current Liabilities	783	977	1,028	832	499	577	531	369	314	262
Other Current Nonoperating Liabilities	332	46	212	101	0.00	-	-	-	-	-
Total Noncurrent Liabilities	10,423	12,578	14,050	14,803	5,231	5,407	5,636	2,141	1,488	1,382
Long-Term Debt	7,564	9,186	10,373	10,768	3,779	3,997	4,504	1,632	1,067	935
Noncurrent Deferred & Payable Income Tax Liabilities	1,592	1,937	2,283	2,518	593	641	656	51	-	-
Noncurrent Employee Benefit Liabilities	167	253	231	385	326	265	227	229	243	242
Other Noncurrent Operating Liabilities	1,100	1,202	1,163	1,132	533	502	248	191	137	161
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	13,911	14,642	17,685	21,117	6,322	6,230	6,043	1,689	1,631	1,595
Total Preferred & Common Equity	13,876	14,611	17,655	21,082	6,310	6,217	6,033	1,684	1,626	1,590
Total Common Equity	13,876	14,611	17,655	21,082	6,310	6,217	6,033	1,684	1,626	1,590
Common Stock	19,952	19,909	19,876	19,861	3,869	3,839	3,810	177	167	155
Retained Earnings	-2,605	-2,439	955	3,641	4,156	4,118	3,956	3,871	3,819	3,604
Treasury Stock	-944	-963	-978	-997	-1,017	-1,023	-1,031	-1,726	-1,679	-1,556
Accumulated Other Comprehensive Income / (Loss)	-2,527	-1,896	-2,198	-1,423	-698	-717	-702	-637	-680	-613
Noncontrolling Interest	35	31	30	35	12	12	10	5.09	4.89	4.67

This table presents International Flavors & Fragrances' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	28,265	28,667	29,928	29,543	30,642	30,978	33,395	34,459	35,470	35,522	34,537
Total Current Assets	8,633	7,993	8,423	8,149	6,407	6,293	6,391	6,436	7,442	7,432	6,494
Cash & Equivalents	613	469	567	671	732	709	629	638	590	483	538
Accounts Receivable	1,742	1,624	1,772	1,775	1,977	1,726	1,831	1,887	1,899	1,818	2,031
Inventories, net	2,249	2,133	2,200	2,160	2,411	2,477	2,549	2,790	2,946	3,151	3,122
Other Current Assets	775	737	770	728	771	875	890	898	789	770	793
Other Current Nonoperating Assets	3,254	3,030	3,114	2,815	509	506	482	212	1,202	1,200	0.00
Plant, Property, & Equipment, net	3,771	3,739	3,772	3,763	4,145	4,240	4,126	4,218	4,224	4,203	4,055
Total Noncurrent Assets	15,861	16,935	17,733	17,631	20,090	20,445	22,878	23,805	23,804	23,887	23,988
Goodwill	8,030	9,080	9,349	9,282	10,538	10,635	13,031	13,498	13,458	13,373	13,305
Intangible Assets	6,383	6,445	6,770	6,881	8,116	8,357	8,381	8,813	8,968	9,082	9,386
Other Noncurrent Operating Assets	1,448	1,410	1,614	1,468	1,436	1,453	1,466	1,494	1,378	1,432	1,297
Total Liabilities & Shareholders' Equity	28,265	28,667	29,928	29,543	30,642	30,978	33,395	34,459	35,470	35,522	34,537
Total Liabilities	15,052	14,756	15,118	15,252	16,316	16,336	16,326	16,743	17,621	17,591	17,548
Total Current Liabilities	4,607	4,333	3,218	3,425	3,820	3,758	3,683	3,932	4,874	3,728	3,626
Short-Term Debt	1,689	1,413	468	783	1,148	885	1,142	1,362	2,071	410	512
Accounts Payable	1,325	1,283	1,211	1,272	1,346	1,378	1,112	1,227	1,197	1,418	1,527
Dividends Payable	102	102	102	102	102	207	207	206	207	206	206
Current Employee Benefit Liabilities	216	420	382	275	222	265	236	205	218	267	253
Other Current Liabilities	832	783	751	762	956	977	937	919	965	1,028	1,128
Other Current Nonoperating Liabilities	443	332	304	231	46	46	49	13	216	212	0.00
Total Noncurrent Liabilities	10,445	10,423	11,900	11,827	12,496	12,578	12,643	12,811	12,747	14,050	13,922
Long-Term Debt	7,601	7,564	8,631	8,596	9,150	9,186	9,159	9,208	9,220	10,373	10,260
Noncurrent Deferred & Payable Income Tax Liabilities	1,543	1,592	1,869	1,833	1,916	1,937	2,127	2,183	2,229	2,283	2,280
Noncurrent Employee Benefit Liabilities	174	167	182	206	252	253	228	233	235	231	354
Other Noncurrent Operating Liabilities	1,127	1,100	1,218	1,192	1,178	1,202	1,129	1,187	1,063	1,163	1,028
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	13,213	13,911	14,810	14,291	14,326	14,642	17,009	17,655	17,790	17,685	16,921
Total Preferred & Common Equity	13,177	13,876	14,775	14,254	14,291	14,611	16,978	17,623	17,758	17,655	16,887
Total Common Equity	13,177	13,876	14,775	14,254	14,291	14,611	16,978	17,623	17,758	17,655	16,887
Common Stock	19,967	19,952	19,937	19,929	19,924	19,909	19,900	19,886	19,879	19,876	19,867
Retained Earnings	-3,725	-2,605	-2,457	-2,414	-2,481	-2,439	378	560	739	955	1,186
Treasury Stock	-942	-944	-945	-946	-961	-963	-964	-966	-973	-978	-979
Accumulated Other Comprehensive Income / (Loss)	-2,123	-2,527	-1,760	-2,315	-2,191	-1,896	-2,336	-1,857	-1,887	-2,198	-3,187
Noncontrolling Interest	36	35	35	37	35	31	31	32	32	30	34

This table displays calculated financial ratios and metrics derived from International Flavors & Fragrances' official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.04%	-7.73%	6.73%	129.27%	-1.09%	29.23%	17.03%	9.06%	3.08%	-2.12%
EBITDA Growth	260.44%	-805.45%	-105.08%	141.31%	-11.79%	28.39%	10.07%	6.07%	0.65%	-1.42%
EBIT Growth	127.27%	-65.87%	-300.47%	12.22%	-17.55%	12.26%	2.78%	4.46%	-1.45%	-1.67%
NOPAT Growth	146.08%	-59.13%	-301.32%	-2.12%	-14.23%	23.95%	45.63%	-28.86%	-6.54%	2.31%
Net Income Growth	109.64%	-37.50%	-768.10%	-23.98%	-20.22%	35.38%	14.92%	-27.00%	-3.39%	1.13%
EPS Growth	109.45%	-37.30%	-765.45%	-65.73%	-19.75%	5.54%	1.88%	-26.34%	-2.13%	1.98%
Operating Cash Flow Growth	-25.64%	262.47%	-72.37%	101.26%	2.15%	59.74%	11.98%	-28.97%	17.72%	-9.85%
Free Cash Flow Firm Growth	108.44%	-18.71%	113.35%	-5,458.50%	-22.37%	107.40%	-26,442.62%	-109.11%	778.16%	-109.09%
Invested Capital Growth	-16.54%	-13.44%	-11.73%	203.05%	0.89%	0.59%	231.16%	12.09%	6.00%	24.04%
Revenue Q/Q Growth	0.60%	-1.21%	-1.48%	17.80%	-0.27%	1.27%	10.09%	2.78%	1.53%	-1.32%
EBITDA Q/Q Growth	374.57%	-160.36%	-1,122.22%	15.70%	-2.81%	3.68%	2.51%	2.92%	0.60%	-1.64%
EBIT Q/Q Growth	135.53%	-516.76%	-7.33%	13.20%	-3.28%	3.93%	-4.01%	2.60%	0.21%	-2.51%
NOPAT Q/Q Growth	151.25%	-1,591.92%	-5.41%	13.54%	-2.81%	13.76%	26.86%	-26.74%	-4.60%	-1.48%
Net Income Q/Q Growth	110.66%	-11,750.00%	-6.64%	10.28%	-3.70%	16.34%	19.59%	-28.88%	0.19%	-2.55%
EPS Q/Q Growth	110.44%	-16,850.00%	-8.12%	-10.57%	-4.18%	32.01%	6.76%	-28.74%	0.20%	-2.09%
Operating Cash Flow Q/Q Growth	-20.51%	43.47%	-20.60%	0.84%	-2.32%	12.99%	11.28%	-4.18%	6.94%	-5.70%
Free Cash Flow Firm Q/Q Growth	1.44%	118.26%	-10.93%	2.20%	-25.97%	107.58%	-2,193.02%	82.30%	-29.88%	-123.48%
Invested Capital Q/Q Growth	-3.93%	-10.39%	0.07%	-0.85%	1.35%	0.16%	215.11%	-3.85%	4.00%	0.35%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	35.91%	32.07%	33.37%	32.04%	41.03%	41.11%	42.31%	43.32%	44.78%	44.71%
EBITDA Margin	13.92%	-8.68%	-0.88%	18.59%	17.66%	19.81%	19.93%	21.20%	21.79%	22.32%
Operating Margin	6.67%	-18.38%	-10.66%	5.02%	11.13%	12.94%	14.68%	16.26%	17.74%	19.46%
EBIT Margin	5.08%	-18.63%	-10.36%	5.52%	11.27%	13.52%	15.57%	17.72%	18.51%	19.36%
Profit (Net Income) Margin	2.15%	-22.33%	-14.98%	2.39%	7.22%	8.95%	8.54%	8.70%	13.00%	13.87%
Tax Burden Percent	88.85%	101.79%	114.71%	78.81%	83.22%	82.59%	75.89%	55.05%	77.34%	77.77%
Interest Burden Percent	47.68%	117.77%	126.07%	55.05%	76.96%	80.14%	72.32%	89.15%	90.81%	92.13%
Effective Tax Rate	11.15%	0.00%	0.00%	21.19%	16.78%	17.41%	24.11%	44.95%	22.66%	22.23%
Return on Invested Capital (ROIC)	3.12%	-5.77%	-3.17%	2.23%	4.61%	5.42%	6.73%	10.54%	16.16%	19.72%
ROIC Less NNEP Spread (ROIC-NNEP)	-2.65%	-17.32%	-12.74%	-0.43%	1.90%	3.14%	2.87%	9.84%	13.97%	14.69%
Return on Net Nonoperating Assets (RNNOA)	-1.39%	-10.06%	-6.40%	-0.21%	1.15%	1.97%	1.96%	7.27%	8.95%	7.17%
Return on Equity (ROE)	1.73%	-15.83%	-9.57%	2.02%	5.76%	7.39%	8.70%	17.81%	25.11%	26.89%
Cash Return on Invested Capital (CROIC)	21.15%	8.64%	9.29%	-98.53%	3.72%	4.83%	-100.49%	-0.86%	10.33%	-1.74%
Operating Return on Assets (OROA)	1.95%	-6.43%	-3.43%	2.42%	4.27%	5.31%	7.08%	13.98%	14.94%	16.26%
Return on Assets (ROA)	0.83%	-7.71%	-4.96%	1.05%	2.73%	3.51%	3.89%	6.86%	10.49%	11.65%
Return on Common Equity (ROCE)	1.73%	-15.77%	-9.51%	2.00%	5.66%	7.27%	8.59%	17.76%	25.04%	26.82%
Return on Equity Simple (ROE_SIMPLE)	1.78%	-17.54%	-10.56%	1.32%	5.82%	7.40%	5.63%	17.56%	24.91%	26.36%
Net Operating Profit after Tax (NOPAT)	681	-1,477	-928	461	471	549	443	304	428	458
NOPAT Margin	5.93%	-12.87%	-7.46%	3.96%	9.26%	10.68%	11.14%	8.95%	13.72%	15.13%
Net Nonoperating Expense Percent (NNEP)	5.77%	11.55%	9.57%	2.66%	2.71%	2.28%	3.87%	0.70%	2.19%	5.03%
Return On Investment Capital (ROIC_SIMPLE)	2.97%	-5.98%	-3.26%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	64.09%	67.93%	66.63%	67.96%	58.97%	58.89%	57.69%	56.68%	55.22%	55.29%
SG&A Expenses to Revenue	17.37%	15.57%	14.21%	15.01%	18.67%	17.04%	17.79%	16.78%	18.37%	16.36%
R&D to Revenue	5.84%	5.54%	4.85%	5.40%	7.02%	6.73%	7.83%	8.69%	8.31%	8.14%
Operating Expenses to Revenue	29.24%	50.45%	44.03%	27.02%	29.90%	28.17%	27.63%	27.06%	27.04%	25.25%
Earnings before Interest and Taxes (EBIT)	583	-2,138	-1,289	643	573	695	619	602	577	585
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,598	-996	-110	2,167	898	1,018	793	720	679	675
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.56	1.39	1.43	1.68	1.67	1.95	2.04	6.02	4.75	4.89
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	90.36	29.66	22.66
Price to Revenue (P/Rev)	1.88	1.77	2.03	3.04	2.07	2.36	3.09	2.98	2.48	2.57
Price to Earnings (P/E)	88.96	0.00	0.00	131.12	28.95	26.55	36.46	34.27	19.06	18.53
Dividend Yield	1.89%	4.07%	3.24%	2.24%	3.09%	2.61%	2.46%	2.07%	2.47%	2.13%
Earnings Yield	1.12%	0.00%	0.00%	0.76%	3.45%	3.77%	2.74%	2.92%	5.25%	5.40%
Enterprise Value to Invested Capital (EV/IC)	1.52	1.25	1.30	1.49	1.40	1.57	1.61	3.75	3.22	3.39
Enterprise Value to Revenue (EV/Rev)	2.63	2.59	2.86	3.97	2.83	3.11	4.10	3.37	2.81	2.88
Enterprise Value to EBITDA (EV/EBITDA)	18.87	0.00	0.00	21.33	16.01	15.69	20.55	15.89	12.91	12.90
Enterprise Value to EBIT (EV/EBIT)	51.73	0.00	0.00	71.89	25.08	22.99	26.32	19.00	15.20	14.87
Enterprise Value to NOPAT (EV/NOPAT)	44.32	0.00	0.00	100.27	30.52	29.09	36.77	37.62	20.50	19.02
Enterprise Value to Operating Cash Flow (EV/OCF)	28.19	20.64	89.60	32.17	20.13	22.86	37.24	29.29	15.94	18.63
Enterprise Value to Free Cash Flow (EV/FCFF)	6.54	13.43	13.08	0.00	37.81	32.63	0.00	0.00	32.06	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.65	0.69	0.61	0.54	0.69	0.69	0.74	0.99	0.84	0.70
Long-Term Debt to Equity	0.54	0.63	0.58	0.51	0.59	0.63	0.74	0.99	0.68	0.61
Financial Leverage	0.53	0.58	0.50	0.50	0.60	0.63	0.68	0.74	0.64	0.49
Leverage Ratio	2.09	2.05	1.93	1.93	2.11	2.10	2.24	2.59	2.39	2.31
Compound Leverage Factor	1.00	2.42	2.43	1.06	1.62	1.68	1.62	2.31	2.17	2.13
Debt to Total Capital	39.22%	40.75%	37.80%	34.95%	40.74%	40.92%	42.64%	49.81%	45.56%	41.06%
Short-Term Debt to Total Capital	6.17%	3.58%	1.44%	1.94%	5.85%	3.59%	0.46%	0.21%	8.63%	4.89%
Long-Term Debt to Total Capital	33.05%	37.17%	36.36%	33.01%	34.88%	37.32%	42.18%	49.60%	36.93%	36.17%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.15%	0.13%	0.31%	0.43%	1.02%	1.04%	0.86%	0.15%	0.16%	0.17%
Common Equity to Total Capital	60.63%	59.12%	61.89%	64.63%	58.25%	58.05%	56.50%	50.04%	54.27%	58.77%
Debt to EBITDA	5.62	-10.11	-98.03	5.26	4.91	4.30	5.74	2.33	2.01	1.65
Net Debt to EBITDA	5.32	-9.40	-93.55	4.93	4.18	3.69	4.92	1.82	1.53	1.38
Long-Term Debt to EBITDA	4.73	-9.22	-94.30	4.97	4.21	3.93	5.68	2.32	1.63	1.45
Debt to NOPAT	13.19	-6.82	-11.62	24.73	9.37	7.98	10.28	5.51	3.19	2.43
Net Debt to NOPAT	12.50	-6.34	-11.09	23.17	7.97	6.84	8.81	4.30	2.43	2.03
Long-Term Debt to NOPAT	11.11	-6.22	-11.18	23.35	8.02	7.28	10.17	5.49	2.59	2.14
Altman Z-Score	1.37	0.88	1.25	1.73	1.93	2.16	2.16	4.73	4.73	5.14
Noncontrolling Interest Sharing Ratio	0.23%	0.37%	0.59%	0.90%	1.74%	1.63%	1.25%	0.30%	0.30%	0.28%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.84	1.67	1.99	1.92	1.61	1.90	2.61	2.47	1.79	1.98
Quick Ratio	0.48	0.65	0.62	0.72	0.83	0.96	1.39	1.34	0.97	0.99
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	4,609	2,211	2,720	-20,368	380	490	-6,612	-25	273	-40
Operating Cash Flow to CapEx	242.08%	302.31%	80.04%	383.20%	408.00%	360.31%	270.24%	346.31%	460.15%	483.12%
Free Cash Flow to Firm to Interest Expense	15.11	5.82	8.09	-70.48	2.88	3.55	-38.59	-0.38	5.16	-0.88
Operating Cash Flow to Interest Expense	3.51	3.79	1.18	4.97	5.41	5.07	2.55	5.98	10.38	10.15
Operating Cash Flow Less CapEx to Interest Expense	2.06	2.53	-0.29	3.67	4.08	3.66	1.61	4.25	8.13	8.05
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.39	0.35	0.33	0.44	0.38	0.39	0.45	0.79	0.81	0.84
Accounts Receivable Turnover	6.86	6.48	6.68	8.22	5.63	5.67	4.97	5.60	5.73	5.86
Inventory Turnover	3.19	2.77	2.93	4.34	2.66	2.75	2.66	3.10	2.96	2.93
Fixed Asset Turnover	2.88	2.72	2.90	4.00	3.57	3.91	3.75	4.10	4.13	4.16
Accounts Payable Turnover	5.53	5.58	5.62	7.59	5.62	6.17	5.67	6.28	6.14	6.67
Days Sales Outstanding (DSO)	53.24	56.34	54.63	44.39	64.80	64.41	73.48	65.21	63.75	62.28
Days Inventory Outstanding (DIO)	114.31	131.71	124.77	84.05	137.27	132.74	137.42	117.62	123.46	124.55
Days Payable Outstanding (DPO)	65.98	65.44	64.95	48.11	64.91	59.19	64.38	58.08	59.42	54.76
Cash Conversion Cycle (CCC)	101.56	122.62	114.45	80.33	137.16	137.95	146.52	124.75	127.78	132.07
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	19,823	23,751	27,439	31,087	10,258	10,167	10,107	3,052	2,723	2,569
Invested Capital Turnover	0.53	0.45	0.43	0.56	0.50	0.51	0.60	1.18	1.18	1.30
Increase / (Decrease) in Invested Capital	-3,928	-3,688	-3,648	20,829	91	60	7,055	329	154	498
Enterprise Value (EV)	30,161	29,705	35,571	46,228	14,373	15,976	16,294	11,446	8,767	8,704
Market Capitalization	21,618	20,312	25,192	35,403	10,507	12,106	12,297	10,132	7,721	7,770
Book Value per Share	$54.27	$57.24	$69.25	$82.82	$59.01	$58.23	$56.58	$21.33	$20.48	$19.82
Tangible Book Value per Share	($6.45)	($17.16)	($18.83)	($22.93)	($18.80)	($19.97)	($22.37)	$1.42	$3.28	$4.27
Total Capital	22,888	24,713	28,527	32,622	10,833	10,711	10,678	3,366	2,996	2,706
Total Debt	8,977	10,071	10,783	11,400	4,413	4,382	4,553	1,676	1,365	1,111
Total Long-Term Debt	7,564	9,186	10,373	10,768	3,779	3,997	4,504	1,670	1,107	979
Net Debt	8,508	9,362	10,290	10,685	3,756	3,758	3,905	1,308	1,041	929
Capital Expenditures (CapEx)	442	476	496	375	175	194	162	113	120	97
Debt-free, Cash-free Net Working Capital (DFCFNWC)	4,604	2,711	3,621	3,271	1,133	1,151	1,214	767	645	662
Debt-free Net Working Capital (DFNWC)	5,073	3,420	4,114	3,986	1,790	1,775	1,862	1,135	969	844
Net Working Capital (NWC)	3,660	2,535	3,704	3,354	1,156	1,390	1,814	1,128	711	712
Net Nonoperating Expense (NNE)	434	1,086	936	182	104	89	103	8.58	23	38
Net Nonoperating Obligations (NNO)	5,912	9,109	9,695	9,865	3,838	3,838	3,982	1,363	1,092	974
Total Depreciation and Amortization (D&A)	1,015	1,142	1,179	1,524	325	323	174	118	102	90
Debt-free, Cash-free Net Working Capital to Revenue	40.09%	23.62%	29.11%	28.06%	22.29%	22.40%	30.51%	22.56%	20.71%	21.91%
Debt-free Net Working Capital to Revenue	44.17%	29.79%	33.07%	34.20%	35.21%	34.54%	46.82%	33.39%	31.10%	27.93%
Net Working Capital to Revenue	31.87%	22.08%	29.77%	28.77%	22.74%	27.05%	45.59%	33.18%	22.81%	23.55%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.95	($10.05)	($7.32)	$1.11	$3.25	$4.05	$3.81	$3.73	$5.07	$5.19
Adjusted Weighted Average Basic Shares Outstanding	256M	255M	255M	243M	112.16M	111.97M	87.55M	79.07M	79.04M	79.87M
Adjusted Diluted Earnings per Share	$0.95	($10.05)	($7.32)	$1.10	$3.21	$4.00	$3.79	$3.72	$5.05	$5.16
Adjusted Weighted Average Diluted Shares Outstanding	256M	255M	255M	243M	113.63M	113.31M	88.12M	79.37M	79.04M	79.87M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	255.71M	255.31M	255.06M	254.68M	248.73M	106.80M	106.63M	78.93M	79.04M	79.87M
Normalized Net Operating Profit after Tax (NOPAT)	753	405	737	493	489	576	446	315	418	463
Normalized NOPAT Margin	6.56%	3.52%	5.93%	4.23%	9.61%	11.21%	11.21%	9.27%	13.41%	15.33%
Pre Tax Income Margin	2.42%	-21.94%	-13.06%	3.04%	8.67%	10.84%	11.26%	15.80%	16.81%	17.83%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.91	-5.63	-3.84	2.22	4.34	5.04	3.61	9.22	10.88	12.70
NOPAT to Interest Expense	2.23	-3.89	-2.76	1.60	3.57	3.98	2.59	4.65	8.07	9.93
EBIT Less CapEx to Interest Expense	0.46	-6.88	-5.31	0.93	3.02	3.63	2.67	7.49	8.63	10.60
NOPAT Less CapEx to Interest Expense	0.78	-5.14	-4.24	0.30	2.24	2.57	1.64	2.93	5.81	7.83
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	208.10%	-32.74%	-43.45%	239.78%	88.01%	68.26%	67.75%	69.71%	45.65%	37.89%
Augmented Payout Ratio	208.10%	-34.26%	-45.98%	239.78%	94.01%	68.26%	72.31%	89.35%	77.12%	67.04%

This table displays calculated financial ratios and metrics derived from International Flavors & Fragrances' official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-1.93%	2.52%	3.72%	-1.37%	-4.23%	-4.96%	-7.93%	-11.43%	-6.17%	-6.17%	-0.26%
EBITDA Growth	-244.33%	96.25%	-5.44%	80.37%	22.05%	-694.49%	126.58%	-13.78%	-40.91%	-21.77%	-373.31%
EBIT Growth	-566.16%	87.15%	13.42%	260.26%	73.68%	-2,677.78%	107.63%	-27.05%	-68.07%	-47.06%	-702.47%
NOPAT Growth	-698.83%	105.01%	129.10%	129.27%	241.01%	-2,515.24%	104.94%	-56.16%	-125.43%	-47.35%	-691.72%
Net Income Growth	-1,767.21%	98.24%	122.22%	537.04%	862.50%	-10,770.83%	101.23%	-75.23%	-103.25%	-126.09%	-1,214.21%
EPS Growth	-1,830.43%	98.34%	130.00%	500.00%	675.00%	-9,190.91%	101.16%	-74.42%	-104.17%	-125.00%	-1,231.58%
Operating Cash Flow Growth	28.28%	-42.86%	-12.86%	-4.44%	-22.05%	209.62%	75.00%	627.66%	3,275.00%	-33.12%	-43.93%
Free Cash Flow Firm Growth	-14.43%	110.00%	513.47%	113.50%	27.54%	-48.60%	-61.38%	48.18%	60.51%	117.99%	112.12%
Invested Capital Growth	-18.46%	-16.54%	-22.15%	-25.78%	-15.24%	-13.44%	-3.33%	-10.79%	-11.13%	-11.73%	-12.55%
Revenue Q/Q Growth	2.60%	-5.27%	1.25%	-0.34%	7.25%	-4.15%	-3.72%	-3.24%	6.43%	-7.15%	-7.38%
EBITDA Q/Q Growth	-708.24%	-120.38%	-47.22%	65.97%	120.83%	-613.61%	0.68%	12.31%	2.36%	122.97%	-426.57%
EBIT Q/Q Growth	-181.40%	-294.08%	-68.93%	174.75%	107.70%	-1,812.75%	-1.32%	32.46%	15.15%	105.07%	-1,043.00%
NOPAT Q/Q Growth	-811.02%	-43.47%	-12.40%	70.07%	105.95%	-2,686.09%	-12.33%	204.60%	-201.85%	105.29%	-878.03%
Net Income Q/Q Growth	-2,110.87%	-176.67%	-65.12%	181.97%	102.34%	-9,762.96%	0.00%	437.50%	66.67%	98.91%	-2,113.76%
EPS Q/Q Growth	-2,241.18%	-173.91%	-65.15%	186.96%	102.25%	-10,320.00%	-9.09%	375.00%	63.64%	98.72%	-2,100.00%
Operating Cash Flow Q/Q Growth	-65.49%	0.55%	54.43%	139.39%	-84.63%	53.33%	69.35%	95.28%	-38.94%	-13.33%	610.64%
Free Cash Flow Firm Q/Q Growth	-7.62%	-33.37%	-17.49%	68.49%	126.71%	94.66%	-71.29%	0.65%	-8.64%	46.26%	10.17%
Invested Capital Q/Q Growth	-3.24%	-3.93%	0.57%	-12.78%	-0.96%	-10.39%	-4.12%	-0.40%	1.15%	0.07%	-11.52%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	36.41%	35.37%	35.97%	36.97%	35.32%	31.82%	32.77%	31.85%	31.85%	30.56%	32.68%
EBITDA Margin	-24.16%	-3.07%	14.26%	27.35%	16.42%	-83.80%	15.64%	14.95%	12.88%	13.40%	-54.16%
Operating Margin	-31.76%	4.58%	8.51%	6.61%	6.86%	-93.82%	5.32%	4.95%	4.33%	3.69%	-64.81%
EBIT Margin	-32.47%	-11.84%	5.78%	18.83%	6.83%	-94.41%	5.28%	5.16%	3.77%	3.48%	-63.73%
Profit (Net Income) Margin	-35.77%	-1.66%	2.05%	5.95%	2.10%	-96.52%	0.96%	0.92%	-0.26%	-0.84%	-71.66%
Tax Burden Percent	102.31%	40.00%	63.16%	93.99%	53.04%	98.79%	45.76%	54.00%	-57.14%	480.00%	107.86%
Interest Burden Percent	107.69%	35.06%	56.21%	33.64%	58.08%	103.49%	39.60%	33.11%	12.28%	-5.05%	104.25%
Effective Tax Rate	0.00%	0.00%	36.84%	6.01%	46.96%	0.00%	54.24%	46.00%	157.14%	0.00%	0.00%
Return on Invested Capital (ROIC)	-11.90%	1.69%	2.60%	2.92%	1.61%	-29.45%	1.05%	1.08%	-1.03%	1.10%	-19.49%
ROIC Less NNEP Spread (ROIC-NNEP)	-16.98%	-0.11%	1.33%	2.83%	1.15%	-38.32%	0.63%	0.58%	-0.36%	0.10%	-27.47%
Return on Net Nonoperating Assets (RNNOA)	-9.35%	-0.06%	0.64%	1.43%	0.68%	-22.25%	0.37%	0.31%	-0.19%	0.05%	-14.39%
Return on Equity (ROE)	-21.25%	1.64%	3.24%	4.34%	2.29%	-51.71%	1.42%	1.40%	-1.21%	1.15%	-33.88%
Cash Return on Invested Capital (CROIC)	19.24%	21.15%	19.28%	23.79%	10.93%	8.64%	3.76%	7.58%	8.14%	9.29%	10.39%
Operating Return on Assets (OROA)	-12.60%	-4.56%	2.08%	6.66%	2.35%	-32.59%	1.81%	1.66%	1.23%	1.15%	-21.52%
Return on Assets (ROA)	-13.88%	-0.64%	0.74%	2.10%	0.72%	-33.32%	0.33%	0.30%	-0.09%	-0.28%	-24.20%
Return on Common Equity (ROCE)	-21.19%	1.63%	3.23%	4.33%	2.28%	-51.51%	1.41%	1.39%	-1.21%	1.14%	-33.66%
Return on Equity Simple (ROE_SIMPLE)	-6.31%	0.00%	-15.68%	-16.48%	-17.45%	0.00%	0.13%	-12.48%	-11.93%	0.00%	-10.35%
Net Operating Profit after Tax (NOPAT)	-632	89	157	180	106	-1,775	69	78	-75	74	-1,390
NOPAT Margin	-22.23%	3.21%	5.38%	6.21%	3.64%	-65.68%	2.43%	2.67%	-2.47%	2.58%	-45.36%
Net Nonoperating Expense Percent (NNEP)	5.08%	1.80%	1.27%	0.09%	0.47%	8.87%	0.42%	0.50%	-0.67%	1.00%	7.97%
Return On Investment Capital (ROIC_SIMPLE)	-2.81%	0.39%	-	-	-	-7.18%	-	-	-	0.26%	-
Cost of Revenue to Revenue	63.59%	64.63%	64.03%	63.03%	64.68%	68.18%	67.23%	68.15%	68.15%	69.44%	67.32%
SG&A Expenses to Revenue	16.22%	18.66%	16.92%	17.06%	16.90%	16.43%	15.74%	15.19%	15.00%	15.47%	13.48%
R&D to Revenue	5.77%	6.14%	5.54%	5.99%	5.73%	5.81%	5.57%	5.50%	5.32%	5.03%	4.73%
Operating Expenses to Revenue	68.17%	30.78%	27.45%	30.36%	28.46%	125.64%	27.45%	26.90%	27.52%	26.86%	97.49%
Earnings before Interest and Taxes (EBIT)	-923	-328	169	544	198	-2,552	149	151	114	99	-1,952
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-687	-85	417	790	476	-2,265	441	438	390	381	-1,659
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.51	1.56	1.82	1.71	1.53	1.39	1.00	1.12	1.27	1.43	1.29
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.74	1.88	2.35	2.15	1.93	1.77	1.46	1.66	1.84	2.03	1.73
Price to Earnings (P/E)	0.00	88.96	0.00	0.00	0.00	0.00	944.96	0.00	0.00	0.00	0.00
Dividend Yield	2.06%	1.89%	1.92%	2.54%	3.30%	4.07%	4.86%	4.20%	3.65%	3.24%	3.71%
Earnings Yield	0.00%	1.12%	0.00%	0.00%	0.00%	0.00%	0.11%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.49	1.52	1.72	1.61	1.34	1.25	1.01	1.07	1.20	1.30	1.17
Enterprise Value to Revenue (EV/Rev)	2.50	2.63	3.10	2.92	2.77	2.59	2.30	2.50	2.72	2.86	2.55
Enterprise Value to EBITDA (EV/EBITDA)	65.65	18.87	0.00	0.00	0.00	0.00	16.22	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	51.73	0.00	0.00	0.00	0.00	52.17	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	44.32	0.00	0.00	0.00	0.00	270.33	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	26.01	28.19	26.30	23.61	22.29	20.64	26.68	36.10	63.05	89.60	64.33
Enterprise Value to Free Cash Flow (EV/FCFF)	6.95	6.54	7.79	5.77	11.23	13.43	26.42	13.37	13.87	13.08	10.53
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.70	0.65	0.61	0.66	0.72	0.69	0.60	0.60	0.63	0.61	0.63
Long-Term Debt to Equity	0.58	0.54	0.58	0.60	0.64	0.63	0.54	0.52	0.52	0.58	0.60
Financial Leverage	0.55	0.53	0.48	0.50	0.59	0.58	0.58	0.54	0.52	0.50	0.52
Leverage Ratio	2.14	2.09	1.99	2.00	2.05	2.05	1.99	1.94	1.93	1.93	1.94
Compound Leverage Factor	2.30	0.73	1.12	0.67	1.19	2.13	0.79	0.64	0.24	-0.10	2.02
Debt to Total Capital	41.28%	39.22%	38.06%	39.62%	41.82%	40.75%	37.64%	37.37%	38.75%	37.80%	38.80%
Short-Term Debt to Total Capital	7.51%	6.17%	1.96%	3.31%	4.66%	3.58%	4.17%	4.82%	7.11%	1.44%	1.84%
Long-Term Debt to Total Capital	33.78%	33.05%	36.10%	36.32%	37.16%	37.17%	33.46%	32.55%	31.64%	36.36%	36.96%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.16%	0.15%	0.15%	0.16%	0.14%	0.13%	0.33%	0.33%	0.31%	0.31%	0.37%
Common Equity to Total Capital	58.56%	60.63%	61.80%	60.22%	58.04%	59.12%	62.03%	62.30%	60.94%	61.89%	60.83%
Debt to EBITDA	21.36	5.62	-15.63	-16.81	-11.32	-10.11	6.24	-23.49	-29.71	-98.03	-1,196.89
Net Debt to EBITDA	19.95	5.32	-14.66	-15.61	-10.50	-9.40	5.86	-22.05	-28.12	-93.55	-1,136.00
Long-Term Debt to EBITDA	17.47	4.73	-14.83	-15.41	-10.05	-9.22	5.55	-20.46	-24.26	-94.30	-1,140.00
Debt to NOPAT	-39.50	13.19	-6.85	-6.71	-7.20	-6.82	104.05	-9.41	-10.50	-11.62	-12.23
Net Debt to NOPAT	-36.89	12.50	-6.43	-6.23	-6.69	-6.34	97.60	-8.84	-9.94	-11.09	-11.61
Long-Term Debt to NOPAT	-32.32	11.11	-6.50	-6.15	-6.40	-6.22	92.52	-8.20	-8.58	-11.18	-11.65
Altman Z-Score	1.07	1.27	1.56	1.48	1.18	0.83	1.10	1.17	1.24	1.38	1.07
Noncontrolling Interest Sharing Ratio	0.26%	0.23%	0.40%	0.41%	0.39%	0.37%	0.57%	0.56%	0.58%	0.59%	0.66%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.87	1.84	2.62	2.38	1.68	1.67	1.74	1.64	1.53	1.99	1.79
Quick Ratio	0.51	0.48	0.73	0.71	0.71	0.65	0.67	0.64	0.51	0.62	0.71
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	3,711	4,017	6,028	7,307	4,337	1,913	983	3,422	3,400	3,722	2,545
Operating Cash Flow to CapEx	70.95%	234.39%	362.38%	343.48%	86.09%	596.30%	424.24%	245.54%	75.60%	135.95%	216.22%
Free Cash Flow to Firm to Interest Expense	52.27	58.22	81.46	92.49	52.25	21.49	10.92	33.88	34.00	35.78	30.66
Operating Cash Flow to Interest Expense	1.79	5.33	4.95	3.00	1.19	7.24	4.67	2.46	1.27	2.00	2.89
Operating Cash Flow Less CapEx to Interest Expense	-0.73	3.06	3.58	2.13	-0.19	6.02	3.57	1.46	-0.41	0.53	1.55
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.39	0.39	0.36	0.35	0.34	0.35	0.34	0.32	0.33	0.33	0.34
Accounts Receivable Turnover	6.15	6.86	6.34	6.18	5.86	6.48	6.02	5.83	6.03	6.68	6.30
Inventory Turnover	3.13	3.19	3.12	3.00	2.84	2.77	2.80	2.80	2.88	2.93	3.03
Fixed Asset Turnover	2.89	2.88	2.89	2.83	2.71	2.72	2.84	2.83	2.87	2.90	3.02
Accounts Payable Turnover	5.46	5.53	6.38	5.95	5.99	5.58	6.01	5.78	5.85	5.62	5.85
Days Sales Outstanding (DSO)	59.39	53.24	57.60	59.09	62.32	56.34	60.66	62.57	60.52	54.63	57.90
Days Inventory Outstanding (DIO)	116.61	114.31	116.93	121.50	128.47	131.71	130.51	130.36	126.68	124.77	120.51
Days Payable Outstanding (DPO)	66.84	65.98	57.20	61.34	60.99	65.44	60.73	63.19	62.36	64.95	62.38
Cash Conversion Cycle (CCC)	109.16	101.56	117.33	119.25	129.80	122.62	130.43	129.74	124.83	114.45	116.03
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	19,181	19,823	20,634	20,517	23,524	23,751	26,505	27,644	27,755	27,439	27,419
Invested Capital Turnover	0.54	0.53	0.48	0.47	0.44	0.45	0.43	0.40	0.42	0.43	0.43
Increase / (Decrease) in Invested Capital	-4,343	-3,928	-5,871	-7,127	-4,231	-3,688	-914	-3,344	-3,475	-3,648	-3,934
Enterprise Value (EV)	28,559	30,161	35,393	33,057	31,454	29,705	26,762	29,707	33,291	35,571	32,166
Market Capitalization	19,846	21,618	26,826	24,312	21,860	20,312	17,009	19,693	22,515	25,192	21,840
Book Value per Share	$51.53	$54.27	$57.79	$55.82	$56.04	$57.24	$66.51	$69.09	$69.62	$69.25	$66.24
Tangible Book Value per Share	($4.83)	($6.45)	($5.26)	($7.48)	($17.11)	($17.16)	($17.37)	($18.38)	($18.30)	($18.83)	($22.77)
Total Capital	22,503	22,888	23,909	23,670	24,624	24,713	27,370	28,286	29,140	28,527	27,761
Total Debt	9,290	8,977	9,099	9,379	10,298	10,071	10,301	10,570	11,291	10,783	10,772
Total Long-Term Debt	7,601	7,564	8,631	8,596	9,150	9,186	9,159	9,208	9,220	10,373	10,260
Net Debt	8,677	8,508	8,532	8,708	9,559	9,362	9,662	9,921	10,685	10,290	10,224
Capital Expenditures (CapEx)	179	157	101	69	115	108	99	101	168	153	111
Debt-free, Cash-free Net Working Capital (DFCFNWC)	5,102	4,604	5,106	4,836	2,996	2,711	3,211	3,217	4,033	3,621	2,832
Debt-free Net Working Capital (DFNWC)	5,715	5,073	5,673	5,507	3,735	3,420	3,850	3,866	4,639	4,114	3,380
Net Working Capital (NWC)	4,026	3,660	5,205	4,724	2,587	2,535	2,708	2,504	2,568	3,704	2,868
Net Nonoperating Expense (NNE)	385	135	97	7.52	45	834	42	51	-67	98	806
Net Nonoperating Obligations (NNO)	5,968	5,912	5,824	6,226	9,198	9,109	9,436	9,928	9,906	9,695	10,430
Total Depreciation and Amortization (D&A)	236	243	248	246	278	287	292	287	276	282	293
Debt-free, Cash-free Net Working Capital to Revenue	44.64%	40.09%	44.73%	42.75%	26.39%	23.62%	27.63%	27.12%	32.95%	29.11%	22.43%
Debt-free Net Working Capital to Revenue	50.01%	44.17%	49.69%	48.69%	32.90%	29.79%	33.13%	32.59%	37.90%	33.07%	26.77%
Net Working Capital to Revenue	35.23%	31.87%	45.59%	41.76%	22.79%	22.08%	23.30%	21.11%	20.98%	29.77%	22.71%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($3.98)	($0.18)	$0.23	$0.67	$0.23	($10.22)	$0.10	$0.11	($0.04)	($0.11)	($8.60)
Adjusted Weighted Average Basic Shares Outstanding	256M	256M	256M	255M	255M	255M	255M	255M	255M	255M	255M
Adjusted Diluted Earnings per Share	($3.98)	($0.17)	$0.23	$0.66	$0.23	($10.22)	$0.10	$0.11	($0.04)	($0.11)	($8.60)
Adjusted Weighted Average Diluted Shares Outstanding	256M	256M	257M	256M	256M	255M	256M	255M	255M	255M	255M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	255.79M	255.71M	255.68M	255.66M	255.35M	255.31M	255.28M	255.25M	255.09M	255.06M	254.96M
Normalized Net Operating Profit after Tax (NOPAT)	187	105	157	234	106	-1,772	107	84	125	78	183
Normalized NOPAT Margin	6.57%	3.79%	5.38%	8.10%	3.66%	-65.55%	3.80%	2.86%	4.12%	2.73%	5.96%
Pre Tax Income Margin	-34.96%	-4.15%	3.25%	6.33%	3.97%	-97.71%	2.09%	1.71%	0.46%	-0.18%	-66.44%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-13.00	-4.75	2.28	6.89	2.39	-28.67	1.66	1.50	1.14	0.95	-23.52
NOPAT to Interest Expense	-8.90	1.29	2.13	2.27	1.27	-19.95	0.76	0.78	-0.75	0.71	-16.74
EBIT Less CapEx to Interest Expense	-15.52	-7.03	0.92	6.01	1.00	-29.89	0.56	0.50	-0.54	-0.52	-24.86
NOPAT Less CapEx to Interest Expense	-11.42	-0.99	0.76	1.40	-0.11	-21.16	-0.34	-0.22	-2.43	-0.76	-18.08
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-49.22%	208.10%	-27.25%	-31.29%	-33.68%	-32.74%	3,750.00%	-37.32%	-38.48%	-43.45%	-46.17%
Augmented Payout Ratio	-49.22%	208.10%	-27.25%	-31.29%	-33.68%	-34.26%	3,750.00%	-37.32%	-38.48%	-45.98%	-46.17%

Frequently Asked Questions About International Flavors & Fragrances' Financials

When does International Flavors & Fragrances's financial year end?

According to the most recent income statement we have on file, International Flavors & Fragrances' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has International Flavors & Fragrances' net income changed over the last 9 years?

International Flavors & Fragrances' net income appears to be on an upward trend, with a most recent value of $247 million in 2024, falling from $419.25 million in 2015. The previous period was -$2.56 billion in 2023. Find out what analysts predict for International Flavors & Fragrances in the coming months.

What is International Flavors & Fragrances's operating income?

International Flavors & Fragrances's total operating income in 2024 was $766 million, based on the following breakdown:

Total Gross Profit: $4.12 billion
Total Operating Expenses: $3.36 billion

How has International Flavors & Fragrances revenue changed over the last 9 years?

Over the last 9 years, International Flavors & Fragrances' total revenue changed from $3.02 billion in 2015 to $11.48 billion in 2024, a change of 279.9%.

How much debt does International Flavors & Fragrances have?

International Flavors & Fragrances' total liabilities were at $14.76 billion at the end of 2024, a 9.7% decrease from 2023, and a 600.3% increase since 2015.

How much cash does International Flavors & Fragrances have?

In the past 9 years, International Flavors & Fragrances' cash and equivalents has ranged from $181.99 million in 2015 to $711 million in 2021, and is currently $469 million as of their latest financial filing in 2024.

How has International Flavors & Fragrances' book value per share changed over the last 9 years?

Over the last 9 years, International Flavors & Fragrances' book value per share changed from 19.82 in 2015 to 54.27 in 2024, a change of 173.9%.

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This page (NYSE:IFF) was last updated on 5/28/2025 by MarketBeat.com Staff

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International Flavors & Fragrances (IFF) Financials

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International Flavors & Fragrances (IFF) Financials

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