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International Flavors & Fragrances (IFF) stock

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NYSE: IFF NYSE Specialty Chemicals Next results ~November 3, 2026

International Flavors & Fragrances is a US-listed company in the specialty chemicals industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: data-quality checks not passed.

Price vs value

Under review: data-quality checks not passed. We'll show the comparison once resolved.

International Flavors & Fragrances valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter International Flavors & Fragrances files

Where International Flavors & Fragrances stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $9.98bn, down 4.6% on a year earlier, faster than -13.0% a quarter earlier. Free-cash-flow margin held at 5.4%. Operating margin widened to 7.6% from -3.7%. It passes 3 of our 6 financial-health checks.

Our model value for International Flavors & Fragrances is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 4, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 3, 2026 (estimated)

International Flavors & Fragrances's trailing-twelve-month revenue fell 4.6% year on year, with a free-cash-flow margin of 5.4%.

Our discounted-cash-flow model values the business at ~$21 per share in the base case (~$10–$36 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Revenue growth accelerating: TTM revenue growth rose to -4.6% (+8.4pp vs the prior quarter).

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Margins widening. Operating margin is up 11.2 points on a year ago.

Things to watch

  • Results due soon. Results are expected around 3 November; the share price can move sharply on the day.
  • Revenue shrinking. Revenue fell 4.6% over the last 12 months.
  • High earnings multiple. The shares trade at 84 times the last 12 months' earnings, so expectations are demanding.
  • Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.
  • Estimates being cut. Analysts' consensus for next year's earnings per share has fallen 18.2% over 90 days.

Latest results: FY2026 Q2

Filed August 4, 2026
Earnings per share
$0.82 against an average estimate of $1.12: missed by 26.6%
Revenue
$1.95bn, up 1.8% on a year earlier
Share reaction
+9.3% in the first session after the results on August 4, 2026, against +1.6% for the S&P 500
Guidance given
sales $7.4bn to $7.6bn (full year 2026); sales $3.2bn (full year 2026)
Next report
November 3, 2026; average EPS estimate $0.82

International Flavors & Fragrances' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+1.7%
  • 1 week+1.0%
  • 1 month+14.8%
  • This year+42.7%
  • 1 year+53.6%
  • 5 years-25.6%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$10B
Operating margin
7.6%
Net margin
2.9%
EPS (TTM, diluted)
$1.13

Growth

Revenue growth
−4.6%
Change in growth rate
+8.4 pts
Share count change
+0.0%

Cash

Free cash flow (TTM)
$540M
FCF margin
5.4%
Stock pay % of revenue
0.9%

Earnings

Last results
August 4, 2026
Next results (est.)
November 3, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Results
  3. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

International Flavors & Fragrances valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: data-quality checks not passed.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value International Flavors & Fragrances as an operating company, with every model that fits that kind of business. Cost of equity 8.5%: the 10-year Treasury yield (4.9%) plus a beta of 0.79 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. — Does not apply: This model is withheld pending its input or assumption review.
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$55 ~$45–$67 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: This model is withheld pending its input or assumption review.
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: This model is withheld pending its input or assumption review.
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare International Flavors & Fragrances with Specialty Chemicals in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$92.33$92.70$122.33$109.98$108.12$93.70$132.62$95.03$76.52$81.32$66.33$94.63
Market value$7.5bn$7.4bn$9.7bn$9.7bn$12.2bn$10.7bn$32.2bn$24.2bn$19.5bn$20.8bn$17.0bn$24.2bn
+ Net debt (− = net cash)$886m$1.0bn$1.3bn$4.0bn$3.8bn$3.8bn$11.0bn$10.7bn$9.4bn$8.5bn$5.7bn$5.2bn
Enterprise value$8.4bn$8.4bn$11.0bn$13.7bn$16.0bn$14.5bn$43.2bn$34.9bn$28.9bn$29.3bn$22.7bn$29.4bn
Multiples
Price / sales 2.5x2.4x2.9x2.4x2.4x2.1x2.8x1.9x1.7x1.8x1.6x2.4x
Price / earnings 17.8x18.3x32.8x28.5x26.8x29.4x119.4x——79.2x—83.6x
Price / free cash flow 20.4x17.5x37.1x36.2x26.4x20.5x30.9x—20.5x34.3x66.3x44.9x
EV / EBITDA 12.3x12.8x16.4x18.0x16.2x16.2x24.8x——16.5x39.1x20.9x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

45 /100

Moderate moat

How hard International Flavors & Fragrances's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 10 / 20

    Cash operating profit has been a median 8.3% of total assets over 10 years.

  • Pricing power 11 / 20

    Gross margin has been a median 37.4%, moving by 4.1 percentage points (standard deviation) across 10 years.

  • Durability 1 / 20

    Operating margin has been a median 7.8%; its worst year was -17.6%.

  • Cash conversion 14 / 20

    Free cash flow was positive in 10 of 10 years, at a median 7.0% of revenue.

  • Discipline 10 / 20

    The diluted share count rose 48.6% over five years; stock-based pay has been a median 0.8% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 3, 2026, after the close. Analysts expect revenue of $1.9bn and EPS of $0.82 (range $0.76 to $0.98) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $3.25 −23% $7.6bn −30%
Next $3.93 +21% $7.8bn +3%

Next year's EPS estimate has moved −18.2% in 90 days, across 18 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −27.7% on 90 days ago. In the last 30 days, 3 analysts raised International Flavors & Fragrances's forecast and 0 cut it.

Consensus EPS forecast International Flavors & Fragrances, last 90 days
$3.00 $3.50 $4.00 $4.50 $5.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $4.49 Current fiscal year, 60 days ago: $3.24 Current fiscal year, 30 days ago: $3.28 Current fiscal year, 7 days ago: $3.20 Current fiscal year, Now: $3.25 $3.25 Next fiscal year, 90 days ago: $4.80 Next fiscal year, 60 days ago: $3.96 Next fiscal year, 30 days ago: $3.96 Next fiscal year, 7 days ago: $3.86 Next fiscal year, Now: $3.93 $3.93

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $4.49$4.80
60 days ago $3.24$3.96
30 days ago $3.28$3.96
7 days ago $3.20$3.86
Now $3.25$3.93

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $1.12 $0.82 −26.6%
Mar 2026 $1.07 $1.25 +16.5%
Dec 2025 $0.83 $0.80 −3.8%
Sept 2025 $1.02 $1.05 +3.3%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 4, 2026
  • sales full year 2026 $7.4bn to $7.6bn
    “For continuing operations, the Company expects full year 2026 sales to be in the range of $7.4 billion to $7.6 billion excluding approximately $3.2 billion related to discontinued operations.” source
  • comparable currency neutral sales growth full year 2026 2% growth to 4% growth Non-GAAP
    “On a continuing operations basis, the Company expects comparable currency neutral sales growth to be between 2% to 4%, and comparable currency neutral adjusted operating EBITDA growth to be 4% to 8%.” source
  • sales · discontinued operations full year 2026 about $3.2bn
    “For continuing operations, the Company expects full year 2026 sales to be in the range of $7.4 billion to $7.6 billion excluding approximately $3.2 billion related to discontinued operations.” source
  • adjusted operating EBITDA full year 2026 $1.53bn to $1.6bn Non-GAAP
    “For the full year 2026 adjusted operating EBITDA is expected to be in the range of $1.53 billion to $1.60 billion, excluding approximately $520 million related to discontinued operations.” source
  • adjusted operating EBITDA · discontinued operations full year 2026 about $520m Non-GAAP
    “For the full year 2026 adjusted operating EBITDA is expected to be in the range of $1.53 billion to $1.60 billion, excluding approximately $520 million related to discontinued operations.” source
  • comparable currency neutral adjusted operating EBITDA growth full year 2026 4% growth to 8% growth Non-GAAP
    “On a continuing operations basis, the Company expects comparable currency neutral sales growth to be between 2% to 4%, and comparable currency neutral adjusted operating EBITDA growth to be 4% to 8%.” source
Show 2 more items
  • foreign exchange impact on sales growth 2026 about 1% Maintained
    “Based on recent market foreign exchange rates, the Company continues to expect that foreign exchange will have an approximately 1% positive impact on sales growth and have an approximately 2% positive impact on adjusted operating EBITDA growth in 2026.” source
  • foreign exchange impact on adjusted operating EBITDA growth 2026 about 2% Non-GAAP Maintained
    “Based on recent market foreign exchange rates, the Company continues to expect that foreign exchange will have an approximately 1% positive impact on sales growth and have an approximately 2% positive impact on adjusted operating EBITDA growth in 2026.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

20 analysts, Oct 2026
Buy1470%
Hold630%
Sell00%

Monthly trend

  1. Oct 2026410620
  2. Sep 2026510520
  3. Aug 2026510520
  4. Jul 2026511420

Counts of recommendations published by analysts covering International Flavors & Fragrances, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
8.9%
of tradable shares
Days to cover
8.73
at average volume
Short interest, 1 month
+1%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
0.1%
of shares
Employees
21,500
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +53.6%

$61.60 on October 31, 2025 to $94.63

ThenNowEffect
Revenue (last 12 months) $10.5bn $10.0bn −4.6%
P/S multiple 1.5x 2.4x +61.0%
Share count 256m 256m 0.0%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years +39.1%

$68.04 on November 3, 2023 to $94.63

ThenNowEffect
Revenue (last 12 months) $11.9bn $10.0bn −15.9%
P/S multiple 1.5x 2.4x +66.2%
Share count 255m 256m −0.5%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
IFF+42%−28%−20%+6%−18%+43%
Industry peers (median)+17%−25%−8%+7%−13%+5%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
IFF75%42%58%42%33%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
IFF−16%−42%−45%−21%−31%−19%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 57% from August 11, 2021 to August 17, 2023. Getting back needed a 135% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$60.15 – $94.63
From 52-week high
0.0%
vs 50-day average
+8.9%
vs 200-day average
+21.2%
Volatility (1 year)
36%
Beta vs S&P 500
0.63

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±6.7%
After a week
7 up, 5 down
typical move ±6.9%
After a month
7 up, 5 down
typical move ±6.9%
Results releasedNext dayS&P 500 next day5 days21 days
August 4, 2026 +9.3% +1.6% +5.5% +7.9%
May 5, 2026 +18.3% +2.2% +12.0% +4.5%
February 11, 2026 +6.2% −1.6% +6.3% −9.3%
November 4, 2025 +3.1% −0.8% +5.2% +7.1%
August 5, 2025 −5.7% +0.3% −8.0% −6.6%
May 6, 2025 −7.0% −0.4% −3.3% −3.4%
February 18, 2025 −4.2% +0.5% −6.2% −5.9%
November 5, 2024 −11.5% +3.7% −9.6% −10.1%
August 6, 2024 −0.4% +0.2% +2.1% +8.5%
May 6, 2024 +8.9% +1.1% +11.4% +13.2%
February 20, 2024 −5.4% −0.5% −8.3% +3.4%
January 18, 2024 +0.8% +2.1% +4.4% +2.9%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Fundamentals

Revenue (TTM) International Flavors & Fragrances
$9.5B $10B $10.5B $11B $11.5B $12B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $11.6B Revenue (TTM), FY23 Q4: $11.5B Revenue (TTM), FY24 Q1: $11.4B Revenue (TTM), FY24 Q2: $11.3B Revenue (TTM), FY24 Q3: $11.4B Revenue (TTM), FY24 Q4: $11.5B Revenue (TTM), FY25 Q1: $11.4B Revenue (TTM), FY25 Q2: $10.5B Revenue (TTM), FY25 Q3: $10.2B Revenue (TTM), FY25 Q4: $10B Revenue (TTM), FY26 Q1: $9.9B Revenue (TTM), FY26 Q2: $10B $10B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $11.6B
FY23 Q4 $11.5B
FY24 Q1 $11.4B
FY24 Q2 $11.3B
FY24 Q3 $11.4B
FY24 Q4 $11.5B
FY25 Q1 $11.4B
FY25 Q2 $10.5B
FY25 Q3 $10.2B
FY25 Q4 $10B
FY26 Q1 $9.9B
FY26 Q2 $10B
Revenue growth, TTM YoY International Flavors & Fragrances
-15% -10% -5% 0% 5% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: -8.0% Revenue growth, TTM YoY, FY23 Q4: -7.7% Revenue growth, TTM YoY, FY24 Q1: -7.3% Revenue growth, TTM YoY, FY24 Q2: -4.7% Revenue growth, TTM YoY, FY24 Q3: -1.8% Revenue growth, TTM YoY, FY24 Q4: 0.0% Revenue growth, TTM YoY, FY25 Q1: 0.7% Revenue growth, TTM YoY, FY25 Q2: -7.5% Revenue growth, TTM YoY, FY25 Q3: -10.4% Revenue growth, TTM YoY, FY25 Q4: -12.5% Revenue growth, TTM YoY, FY26 Q1: -13.0% Revenue growth, TTM YoY, FY26 Q2: -4.6% -4.6%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 -8.0%
FY23 Q4 -7.7%
FY24 Q1 -7.3%
FY24 Q2 -4.7%
FY24 Q3 -1.8%
FY24 Q4 0.0%
FY25 Q1 0.7%
FY25 Q2 -7.5%
FY25 Q3 -10.4%
FY25 Q4 -12.5%
FY26 Q1 -13.0%
FY26 Q2 -4.6%
Operating margin (TTM) International Flavors & Fragrances
-20% -10% 0% 10% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 4.6% Operating margin (TTM), FY23 Q4: -18.4% Operating margin (TTM), FY24 Q1: -18.0% Operating margin (TTM), FY24 Q2: -17.6% Operating margin (TTM), FY24 Q3: -16.6% Operating margin (TTM), FY24 Q4: 6.7% Operating margin (TTM), FY25 Q1: -2.9% Operating margin (TTM), FY25 Q2: -3.7% Operating margin (TTM), FY25 Q3: -4.0% Operating margin (TTM), FY25 Q4: -4.4% Operating margin (TTM), FY26 Q1: 7.4% Operating margin (TTM), FY26 Q2: 7.6% 7.6%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 4.6%
FY23 Q4 -18.4%
FY24 Q1 -18.0%
FY24 Q2 -17.6%
FY24 Q3 -16.6%
FY24 Q4 6.7%
FY25 Q1 -2.9%
FY25 Q2 -3.7%
FY25 Q3 -4.0%
FY25 Q4 -4.4%
FY26 Q1 7.4%
FY26 Q2 7.6%
FCF margin (TTM) International Flavors & Fragrances
0% 5% 10% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 3.9% FCF margin (TTM), FY23 Q4: 8.3% FCF margin (TTM), FY24 Q1: 8.6% FCF margin (TTM), FY24 Q2: 8.9% FCF margin (TTM), FY24 Q3: 8.1% FCF margin (TTM), FY24 Q4: 5.3% FCF margin (TTM), FY25 Q1: 5.0% FCF margin (TTM), FY25 Q2: 5.4% FCF margin (TTM), FY25 Q3: 3.5% FCF margin (TTM), FY25 Q4: 2.5% FCF margin (TTM), FY26 Q1: 4.0% FCF margin (TTM), FY26 Q2: 5.4% 5.4%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 3.9%
FY23 Q4 8.3%
FY24 Q1 8.6%
FY24 Q2 8.9%
FY24 Q3 8.1%
FY24 Q4 5.3%
FY25 Q1 5.0%
FY25 Q2 5.4%
FY25 Q3 3.5%
FY25 Q4 2.5%
FY26 Q1 4.0%
FY26 Q2 5.4%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 2.3 2.6 2.8 2.8 3.0 3.1 3.0 3.1 3.4 4.0 5.1 5.1 11.7 12.4 11.5 11.5 10.9 10.0
Gross profit — — — 1.2 1.3 1.4 1.4 1.4 1.5 1.7 2.1 2.1 3.7 4.2 3.7 4.1 3.9 3.7
EBITDA 0.4 0.5 0.5 0.6 0.6 0.7 0.7 0.7 0.7 0.8 1.0 0.9 1.7 −0.1 −1.0 1.8 0.6 1.4
Operating income 0.3 0.4 0.4 0.5 0.5 0.6 0.6 0.6 0.6 0.6 0.7 0.6 0.6 −1.3 −2.1 0.8 −0.4 0.8
Net income 0.2 0.3 0.3 0.3 0.4 0.4 0.4 0.4 0.3 0.3 0.5 0.4 0.3 −1.9 −2.6 0.3 −0.4 0.3
Diluted EPS $2.46 $3.26 $3.26 $3.09 $4.29 $5.06 $5.16 $5.05 $3.72 $3.79 $4.00 $3.21 $1.10 −$7.32 −$10.14 $1.04 −$1.41 $1.13
Growth (year on year)
Revenue −2.6% +12.8% +6.3% +1.2% +4.7% +4.6% −2.1% +3.1% +9.1% +17.0% +29.2% −1.1% +129.3% +6.7% −7.7% +0.0% −5.2% −4.6%
EBITDA — +18.3% +1.5% +12.0% +6.4% +13.7% −0.5% −3.3% +2.3% +13.0% +30.4% −9.8% +95.4% −108.4% — — −67.4% +442.3%
Operating income — +22.4% +2.7% +13.8% +6.1% +14.7% −0.7% −6.0% −0.1% +5.7% +13.9% −14.9% +3.4% −326.7% — — −149.9% —
Net income −14.9% +34.8% +1.3% −4.8% +39.1% +17.3% +1.1% −3.4% −27.0% +14.9% +34.2% −20.4% −25.6% −793.0% — — −237.3% —
Diluted EPS −14.0% +32.5% 0.0% −5.2% +38.8% +17.9% +2.0% −2.1% −26.3% +1.9% +5.5% −19.8% −65.7% −765.5% — — −235.6% —
Margins
Gross margin — — — 41.7% 43.5% 44.1% 44.7% 44.8% 43.3% 42.3% 41.1% 41.0% 32.0% 33.4% 32.1% 35.9% 36.2% 37.5%
EBITDA margin 18.0% 18.9% 18.0% 20.0% 20.3% 22.1% 22.4% 21.0% 19.7% 19.0% 19.2% 17.5% 14.9% −1.2% −8.4% 15.5% 5.3% 14.1%
Operating margin 14.6% 15.9% 15.3% 17.2% 17.5% 19.2% 19.5% 17.7% 16.3% 14.7% 12.9% 11.1% 5.0% −10.7% −18.4% 6.7% −3.5% 7.6%
Net margin 8.4% 10.0% 9.6% 9.0% 12.0% 13.4% 13.9% 13.0% 8.7% 8.5% 8.9% 7.1% 2.3% −15.0% −22.6% 2.3% −3.3% 2.9%
Free-cash-flow margin 9.7% 8.0% 2.2% 7.0% 9.3% 12.1% 12.1% 13.6% 7.7% 6.7% 9.0% 10.3% 9.0% −0.9% 8.3% 5.3% 2.4% 5.4%
Cash flow
Cash from operations 0.3 0.3 0.2 0.3 0.4 0.5 0.5 0.6 0.4 0.4 0.7 0.7 1.4 0.4 1.5 1.1 0.9 1.2
Capital spending 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.4 0.5 0.5 0.5 0.6 0.6
Free cash flow 0.2 0.2 0.1 0.2 0.3 0.4 0.4 0.4 0.3 0.3 0.5 0.5 1.0 −0.1 1.0 0.6 0.3 0.5
Stock-based pay 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.1 0.1 0.1 0.1
Free cash flow after stock pay 0.2 0.2 0.0 0.2 0.2 0.4 0.3 0.4 0.2 0.2 0.4 0.5 1.0 −0.2 0.9 0.5 0.2 0.5
Balance sheet
Cash 0.1 0.1 0.1 0.3 0.4 0.5 0.2 0.3 0.4 0.6 0.6 0.7 0.7 0.5 0.7 0.5 0.6 0.6
Total debt 1.0 0.9 0.9 1.0 0.9 0.9 1.1 1.3 1.6 4.6 4.4 4.4 11.7 11.2 10.1 9.0 6.3 5.7
Net debt (negative = net cash) 0.9 0.8 0.8 0.7 0.5 0.5 0.9 1.0 1.3 4.0 3.8 3.8 11.0 10.7 9.4 8.5 5.7 5.2
Diluted shares 79m 80m 81m 82m 82m 81m 81m 80m 79m 88m 113m 114m 243m 255m 255m 256m 256m 256m
Returned to shareholders
Dividends 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.2 0.3 0.3 0.7 0.8 0.8 0.5 0.4 0.4
Buybacks 0.0 — 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.0 0.0 0.0 — — 0.0 0.0 0.0 —
Total returned 0.1 0.1 0.1 0.1 0.1 0.2 0.3 0.3 0.3 0.2 0.3 0.3 0.7 0.8 0.8 0.5 0.4 0.4

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

3 of 6 checks passed · June 30, 2026
What it owns · $25.2bn
Short-term assets $9.1bnLonger-term assets $16.1bn
What it owes, and who funded it · $18.4bn
Short-term liabilities $4.4bnShareholders' equity $14.0bn
  • Short-term assets cover short-term liabilities $9.1bn of assets due within a year against $4.4bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $569m of cash against $5.7bn of debt.
  • Debt below 40% of shareholders' equity Debt is 41% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 51% to 41% over five years.
  • A year's operating cash flow covers at least 20% of debt $1.2bn of operating cash flow against $5.7bn of debt.
  • Operating profit covers interest at least five times over Operating income of $754m against $187m of interest.

From International Flavors & Fragrances's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Dividends (TTM)
$409M
Buybacks, last 3 fiscal years
$38M
Diluted share count
0.0%
year over year
Total shareholder yield
1.7%
dividends 1.7% + buybacks 0.0% of market value
Dividend payout ratio
141%
of net income paid out
R&D spending
6.9%
of revenue
Sales & admin spending
17.6%
of revenue

Competitors: side by side with peers

Closest by revenue in specialty chemicals
Last 12 months unless stated IFF RPM PPG ALB ECL AXTA Median
Revenue, last 12 months $10.0bn $8.0bn $16.7bn $5.9bn $17.4bn $5.2bn $943m
Revenue growth, last 12 months −4.6% 6.0% 6.4% 18.3% 9.3% 0.1% 4.9%
Revenue growth, 3-year average −5.6% 2.8% 1.3% −15.1% 4.9% 0.3% 0.7%
Revenue growth, latest quarter 1.8% 4.8% 6.6% 31.1% 12.7% 1.8% 8.0%
Gross margin 37.5% 41.2% 40.9% 23.8% 43.9% 33.6% 30.2%
Operating margin 7.6% — 18.7% 4.3% 16.7% 12.4% 5.3%
Operating margin, 3-year average −4.6% — 15.2% −12.9% 17.0% 13.3% 5.2%
Net margin 2.9% 8.7% 9.4% 3.8% 12.0% 6.5% 1.7%
Cash from operations / revenue 11.6% 11.6% 12.3% 30.5% 17.4% 13.5% 6.9%
Free-cash-flow margin 5.4% 8.9% 7.7% 22.7% 10.3% 9.6% 4.8%
Free-cash-flow margin, 3-year average 6.6% 8.9% 7.1% 0.6% 11.0% 8.7% 5.2%
Stock pay / revenue 0.9% 0.5% 0.3% 0.6% 0.8% 0.6% 1.0%
Change in share count 0.0% −0.6% −2.1% 4.2% −0.8% −1.6% 0.0%

Median of all 43 companies we cover in specialty chemicals. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Where the revenue comes from

Fiscal year to December 31, 2025
Geography
Region Revenue Share YoY
EMEA $3.7B 34.2% ▼ 2.9%
North America $3.2B 29.3% ▼ 7.1%
Asia $2.5B 23.4% ▼ 6.8%
Latin America $1.4B 13.1% ▼ 3.5%

From International Flavors & Fragrances's 10-K filed February 27, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$22.3B
Institutions reporting
748
Shares held vs prior quarter
▲ 9.7%
Positions opened / closed
98 / 55

Top buyers and sellers, Q2 2026: 391 institutions bought and 285 sold ; the biggest buyer was First Eagle Investment Management, LLC (+9.5M shares) and the biggest seller Van Eck Associates Corp (−1.2M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Dodge & Cox $2.9B 37.0M 13.1% ▲ 1.5%
Freemont Capital Pte Ltd $2B 25.4M 9.0% 0.0%
Blackrock, Inc. $1.8B 23.2M 8.2% ▲ 2.0%
First Eagle Investment Management, LLC $1.5B 18.8M 6.7% ▲ 102.0%
Vanguard Capital Management LLC $1.3B 16.3M 5.8% ▲ 0.1%
State Street Corp $982M 12.3M 4.4% ▲ 9.3%
Vanguard Portfolio Management LLC $920M 11.6M 4.1% ▼ 1.0%
Invesco Ltd. $745M 9.4M 3.3% ▲ 25.5%
Geode Capital Management, LLC $538M 6.8M 2.4% ▼ 2.1%
UBS Am, A Distinct Business Unit Of UBS Asset Management Americas LLC $484M 6.1M 2.2% ▼ 1.5%
First Pacific Advisors, LP $432M 5.5M 1.9% ▲ 0.8%
Icahn Carl C $339M 4.3M 1.5% 0.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not International Flavors & Fragrances's complete shareholder register. Values are as reported by the filers ; 3 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $32.5M 9 trades by 3 insiders, last 12 months Insider sales History → $1.3M 6 trades by 4 insiders · 0% under pre-set plans
Net ▲ $31.1M net buying
Insider Date Trade Shares Price Value
Teles De Mendonca Ana Paula President, Scent August 17, 2026 Sell 5,718 $83.19 $475,692
Birenkrant Marc Controller & CAO August 7, 2026 Sell 1,000 $85.00 $85,000
Deveau Michael EVP, CFO August 6, 2026 Sell 8,825 $85.55 $754,970
Fribourg Paul J Director June 1, 2026 Buy 260,000 $74.28 $19.3M
Fribourg Paul J Director June 1, 2026 Buy 13,500 $74.49 $1M
Fyrwald J Erik Chief Executive Officer March 13, 2026 Buy 13,360 $69.85 $933,224
Fyrwald J Erik Chief Executive Officer March 12, 2026 Buy 900 $68.87 $61,980
Fribourg Paul J Director March 12, 2026 Buy 142,000 $70.13 $10M
Fribourg Paul J Director March 12, 2026 Buy 14,200 $70.07 $995,015
Fribourg Paul J Director March 6, 2026 Buy 3 $73.93 $222
Fribourg Paul J Director February 9, 2026 Buy 146 $74.63 $10,896
Fribourg Paul J Director December 15, 2025 Sell 3 $63.35 $190

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 28 trades and filings

In the last 12 months, 1 member of Congress disclosed 1 purchase and 0 sales of International Flavors & Fragrances shares.

  • Gilbert Ray Cisneros, Jr.(D-CA 31):Purchase, $1,001 - $15,000, traded November 18, 2025, filed December 15, 2025
  • Robert P. Bresnahan, Jr.(R-PA 8):Sale (full), $1,001 - $15,000, traded May 15, 2025, filed May 31, 2025
  • Jefferson Shreve(R-IN 6):Sale (full), $15,001 - $50,000, traded April 7, 2025, filed May 8, 2025

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 3, 2026 estimated from the company's past filing pattern, not announced

  • August 4, 2026
  • May 5, 2026
  • February 11, 2026
  • November 4, 2025
  • August 5, 2025
  • May 6, 2025

Recent SEC filings

Data status

When each part of this page on International Flavors & Fragrances was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

International Flavors & Fragrances in brief

What does International Flavors & Fragrances do?
International Flavors & Fragrances is a US-listed company in the specialty chemicals industry. Its financial year ends in December.
What is International Flavors & Fragrances's stock ticker?
International Flavors & Fragrances trades under the ticker IFF on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is International Flavors & Fragrances's revenue, and how fast is it growing?
Over its most recent trailing twelve months, International Flavors & Fragrances reported revenue of $10B, 4.6% lower than a year earlier, according to its SEC filings.
What is International Flavors & Fragrances's free cash flow?
International Flavors & Fragrances's free-cash-flow margin is 5.4% of revenue over the trailing twelve months.
Who are International Flavors & Fragrances's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Dodge & Cox, Freemont Capital Pte Ltd and Blackrock, Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is International Flavors & Fragrances's market cap?
On November 2, 2026, International Flavors & Fragrances's market capitalisation was about $24.2B, with a price-to-earnings ratio of 83.6 and net debt of $5.2B. Market figures come from third-party market data and may be delayed.
Does International Flavors & Fragrances pay a dividend?
Yes: International Flavors & Fragrances paid $409M in dividends over the trailing twelve months, a dividend yield of 1.69% and a payout ratio of 141.0%.
How much debt does International Flavors & Fragrances have?
International Flavors & Fragrances's debt-to-equity ratio is 40.8%, from its latest balance sheet (51.1% five years earlier). The financial health section below sets out its other solvency checks.
Who are International Flavors & Fragrances's competitors?
In our Specialty Chemicals peer group, the companies closest to International Flavors & Fragrances are RPM International Inc, PPG Industries, Albemarle Corporation, Ecolab and Axalta Coating Systems Ltd. The side-by-side comparison below sets their revenue, margins and growth against International Flavors & Fragrances's.
Are insiders buying or selling International Flavors & Fragrances stock?
Over the last 12 months, International Flavors & Fragrances's directors and officers reported 9 open-market purchases and 6 sales on Form 4. The insider trading page charts every trade.
When is International Flavors & Fragrances's next earnings date?
Around November 3, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — International Flavors & Fragrances announces its own schedule.