International Flavors & Fragrances

Materials Specialty Chemicals New York City, New York Last filing Feb 27, 2026 · FY2025

                    Revenue
                    FY2025
                
$10.9B
                    3y CAGR -4.3%
                    
                    P38
                    
                    -5.2%
                    
                    Net income
                    FY2025
                
$-359.0M
                    Net margin -3.3%
                    
                    P19
                    
                    -234.5%
                    
                    Total assets
                    FY2025
                
$25.5B
                    ROA -1.4%
                    
                    P23
                    
                    -10.9%
                    
                    Operating cash flow
                    FY2025
                
$850.0M
                    FCF margin +2.4%
                    
                    P32
                    
                    -20.6%

18 yrs · FY2008–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s revenue.

Balance Sheet

Assets, liabilities, and equity

32 accounts · 5 years

Total assets $25.5B

Total liabilities $3.9B

Shareholders equity $14.2B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	5.4%	4.1%	6.1%	3.9%	6.1%
Accounts Receivable	15.9%	14.1%	15.0%	14.6%	16.7%
Inventory	20.6%	18.6%	21.6%	25.3%	21.6%
Prepaid Expenses	1.6%	1.8%	1.6%	1.2%	2.5%
Other Current Assets	8.1%	6.4%	7.6%	6.2%	6.2%
Total Current Assets	51.4%	69.6%	54.8%	59.7%	59.9%
Property,Plant and Equipment	37.0%	32.6%	36.9%	33.8%	37.5%
Operating Lease Assets	5.3%	5.0%	6.0%	5.1%	6.6%
Goodwill	75.9%	79.1%	92.6%	107.5%	140.8%
Intangible Assets	55.5%	56.1%	72.8%	73.0%	90.1%
Long Term Investments	0.1%	0.1%	0.1%	0.1%	0.7%
Deferred Tax Assets	12.7%	9.0%	8.9%	6.2%	7.2%
Other Noncurrent Assets	9.4%	7.3%	6.7%	5.6%	5.3%
Total Assets	234.5%	249.6%	269.9%	284.6%	340.2%
Liabilities
Accounts Payable	11.8%	11.2%	12.0%	11.4%	13.1%
Accrued Liabilities	8.4%	6.8%	8.5%	8.3%	7.1%
Current Portion of Long Term Debt	11.5%	12.3%	7.7%	4.8%	5.4%
Operating Lease Liabilities	0.8%	0.7%	0.7%	0.7%	0.9%
Other Current Liabilities	8.4%	6.8%	8.5%	8.3%	7.1%
Total Current Liabilities	36.1%	37.7%	32.7%	30.0%	31.2%
Long Term Debt	43.5%	65.9%	80.0%	83.4%	92.4%
Deferred Tax Liabilities	12.7%	13.9%	16.9%	18.2%	21.6%
Other Noncurrent Liabilities	5.3%	4.9%	4.9%	3.8%	4.0%
Total Liabilities	36.1%	37.7%	32.7%	30.0%	31.2%
Equity
Common Stock	0.3%	0.3%	0.3%	0.3%	0.3%
Additional Paid In Capital	182.9%	173.4%	173.1%	159.5%	170.1%
Retained Earnings	-31.4%	-22.7%	-21.2%	7.7%	31.2%
Treasury Stock	8.7%	8.2%	8.4%	7.9%	8.6%
Accumulated Other Comprehensive Income	-13.1%	-22.0%	-16.5%	-17.4%	0.0%
Noncontrolling Interest	0.3%	0.3%	0.3%	0.2%	0.3%
Total Stockholders Equity	130.0%	120.8%	127.3%	142.2%	180.9%
Total Liabilitiesand Equity	234.5%	249.6%	269.9%	284.6%	340.2%

Income Statement

Revenue, expense, and profitability

20 accounts · 5 years

Revenue $10.9B

Operating income $-382.0M

Net income $-359.0M

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	100.0%	100.0%	100.0%	100.0%	100.0%
Expenses Cost of Revenue	63.8%	64.1%	67.9%	66.6%	68.0%
Expenses Research and Development	6.4%	5.8%	5.5%	4.8%	5.4%
Expenses Selling,General and Administrative	16.8%	17.4%	15.6%	14.2%	15.0%
Expenses Depreciation and Amortization	8.8%	8.8%	9.9%	9.5%	9.9%
Expenses Share Based Compensation	0.8%	0.7%	0.6%	0.4%	0.5%
Expenses Restructuring and Asset Impairment	0.6%	0.3%	0.6%	0.1%	0.4%
Other Income Expense Gross Profit	36.2%	35.9%	32.1%	33.4%	32.0%
Other Income Expense Operating Income	-3.5%	6.7%	-18.4%	-10.7%	5.0%
Other Income Expense Interest Income	0.2%	0.1%	0.0%	0.1%	0.1%
Other Income Expense Interest Expense	2.1%	2.7%	3.3%	2.7%	2.5%
Other Income Expense Other Income/expense	-0.6%	-1.6%	-0.0%	0.2%	0.5%
Other Income Expense Income Before Tax	-3.8%	2.7%	-21.9%	-13.1%	3.0%
Income Tax Income Tax Expense	-0.5%	0.4%	0.6%	1.9%	0.6%
net Income net Income	-3.3%	2.3%	-22.5%	-15.0%	2.4%
net Income Comprehensive Income	6.8%	-3.2%	-19.9%	-21.3%	-3.9%
Earnings Per Share Basic Eps	-0.0%	0.0%	-0.0%	-0.0%	0.0%
Earnings Per Share Diluted Eps	-0.0%	0.0%	-0.0%	-0.0%	0.0%
Earnings Per Share Weighted Average Shares Basic	2.4%	2.2%	2.2%	2.0%	2.1%
Earnings Per Share Weighted Average Shares Diluted	2.4%	2.2%	2.2%	2.0%	2.1%

Cash Flow Statement

Operating, investing, and financing flows

18 accounts · 5 years

Operating cash flow $850.0M

Investing cash flow $2.3B

Financing cash flow $-3.1B

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	-3.3%	2.3%	-22.5%	-15.0%	2.4%
Operating Activities Depreciation and Amortization	8.8%	8.8%	9.9%	9.5%	9.9%
Operating Activities Stock Based Compensation	0.8%	0.7%	0.6%	0.4%	0.5%
Operating Activities Deferred Income Taxes	-2.5%	-2.8%	-3.2%	-1.9%	-2.0%
Operating Activities Changes In Operating Assets and Liabilities	0.5%	2.5%	-6.1%	7.7%	8.2%
Operating Activities net Cash From Operating Activities	7.8%	9.3%	12.7%	3.2%	12.3%
Investing Activities Capital Expenditures	5.5%	4.0%	4.4%	4.1%	3.4%
Investing Activities net Cash From Investing Activities	20.8%	2.8%	4.9%	6.0%	-0.2%
Financing Activities Repayment of Debt	26.7%	9.0%	5.7%	2.4%	7.1%
Financing Activities Repurchase of Common Stock	0.3%	0.0%	0.0%	—	—
Financing Activities Dividends Paid	3.8%	3.6%	7.2%	6.6%	6.7%
Financing Activities Tax Withholding On Stock Based Compensation	0.2%	0.1%	0.1%	0.2%	0.2%
Financing Activities Other Financing Activities	-0.2%	-0.1%	-0.1%	-0.1%	0.1%
Financing Activities net Cash From Financing Activities	-28.4%	-14.0%	-16.1%	-9.9%	-11.2%
Cash Reconciliation Effect of Exchange Rate On Cash	0.8%	-0.5%	0.2%	-0.6%	-0.5%
Cash Reconciliation net Change In Cash	1.1%	-2.3%	1.6%	-1.3%	0.5%
Cash Reconciliation Cash At Beginning of Period	5.4%	4.1%	6.2%	4.4%	6.1%
Cash Reconciliation Cash At End of Period	5.4%	4.1%	6.2%	4.4%	6.1%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	+36.2%	+35.9%	+32.1%	+33.4%	+32.0%
Operating margin	-3.5%	+6.7%	-18.4%	-10.7%	+5.0%
Net margin	-3.3%	+2.3%	-22.5%	-15.0%	+2.4%
FCF margin	+2.4%	+5.3%	+8.3%	-0.9%	+9.0%
Growth
Revenue CAGR (3y)	-4.3%	-0.5%	+31.2%	+34.3%	+43.1%
Returns
ROE	-2.5%	+1.9%	-17.7%	-10.5%	+1.3%
ROA	-1.4%	+0.9%	-8.4%	-5.3%	+0.7%
ROIC	-2.0%	+3.0%	-8.8%	-4.7%	+1.5%
Liquidity
Current ratio	1.42x	1.84x	1.67x	1.99x	1.92x
Quick ratio	0.59x	0.48x	0.65x	0.62x	0.73x
Leverage
D/E	0.28x	0.31x	0.26x	0.21x	0.17x
Interest coverage	-1.67x	2.51x	-5.55x	-3.95x	2.02x
Efficiency
Asset turnover	0.43x	0.40x	0.37x	0.35x	0.29x
Cash conversion cycle	+108d	+94d	+106d	+130d	+106d

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FY2025 fundamentals · no price

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International Flavors & Fragrances

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