Price as of close on Nov 3, 2026 · Financials updated Oct 9, 2026
Basics
Sector
Basic Materials
Industry
Specialty Chemicals
Country
United States
Market cap
23.5B USD
Enterprise value
28.3B USD
Full-time employees
21,500
Overall health
Drawback:less profitable than most peersless profitable than peers
Drawback:its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback:its share price swings more than most peers’ (beta 0.93 vs a peer median of 0.69), though less than the overall marketbigger price swings (beta 0.93 vs peers 0.69)
About average:risk (debt, liquidity and share-price swings)risk
Ranks #794 of 1,217 basic materials companies (bottom 35%)
Stock pay outran buybacks. Stock-based pay expense $230M vs $38M spent repurchasing shares over the 3 fiscal years to 2025. Shares outstanding changed +0.1% from December 2022 to July 2026.
Over three fiscal years International Flavors & Fragrances recorded $230M of stock-based pay expense and spent $38M repurchasing shares (repurchases can include shares withheld to cover employees' taxes). Repurchases were smaller than the stock pay, so they did little to offset new employee shares.Over three fiscal years International Flavors & Fragrances recorded $230M of stock-based pay expense and spent $38M repurchasing shares. Repurchases were smaller than the stock pay, so they did little to offset new employee shares.
Earnings turned from a loss to a profit. Profit per share this year after a loss last year.
International Flavors & Fragrances made a profit per share in its latest year after a loss the year before.
Profit is backed by cash. Free cash flow is 194% of reported profit.
International Flavors & Fragrances's free cash flow is 194% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.
Why it changed since the Oct 27, 2026 close: Score 82 → 83
Peer companies moved+1
Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.
Why it changed since the Oct 27, 2026 close: Score 17 → 18
Peer companies moved+1
Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.
Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.
Questions investors ask about International Flavors & Fragrances
Is International Flavors & Fragrances getting weaker?
Its latest SEC filing (Aug 4, 2026) got weaker in some ways: operating margin fell 10.1 points to -2.7%; operating profit now covers interest only 0.0x. Its overall score is unchanged at 43/100 since Oct 28, 2026.
How is International Flavors & Fragrances valued vs its peers?
Priced higher than most peers relative to what it earns. Valuation scores 25/100 against 1,371 basic materials peers.EBITDA yield 2.3% vs a peer median of 8.5% (weaker than 79% of peers).EBITDA yield 2.3% vs peers 8.5% (weaker than 79% of peers).
Is International Flavors & Fragrances growing?
Yes, faster than most of its peers. Growth scores 83/100 against 1,371 basic materials peers.Revenue growth 11.5% vs a peer median of 3.4% (stronger than 70% of peers).Revenue growth 11.5% vs peers 3.4% (stronger than 70% of peers).3-year revenue growth -3.1% vs a peer median of -0.0% (weaker than 62% of peers).3-year revenue growth -3.1% vs peers -0.0% (weaker than 62% of peers).
How profitable is International Flavors & Fragrances?
Less profitable than most of its peers. Profitability scores 18/100 against 1,371 basic materials peers.Operating margin -2.7% vs a peer median of 7.6% (weaker than 86% of peers).Operating margin -2.7% vs peers 7.6% (weaker than 86% of peers).
How risky is International Flavors & Fragrances?
Moderate risk relative to 1,371 basic materials peers, judged on debt, liquidity and share-price swings.Current ratio 2.06× vs a peer median of 1.76× (stronger than 61% of peers).Current ratio 2.06× vs peers 1.76× (stronger than 61% of peers).Beta 0.93 vs a peer median of 0.69 (weaker than 68% of peers).Beta 0.93 vs peers 0.69 (weaker than 68% of peers). A relative measure, not a bankruptcy probability.
Latest filing: what changed
Quarter ended Jun 30, 2026 · filed Aug 4, 2026 · compared with the quarter ended Mar 31, 2026
Got weaker
Operating margin fell 10.1 points to -2.7%
Operating profit now covers interest only 0.0x
Worth watching: International Flavors & Fragrances is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.
Previous quarter
Latest quarter
Change
Revenue (12 months)
10.8B USD
10.8B USD
−0.1%
Net income (12 months)
828.0M USD
279.0M USD
−66.3%
Operating margin
7.4%
-2.7%
−10.1 pts
Free cash flow (12 months)
400.0M USD
540.0M USD
+35.0%
Debt
6.0B USD
5.7B USD
−3.7%
Cash
562.0M USD
569.0M USD
+1.2%
Shares outstanding
255.3M
255.1M
−0.1%
From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.
Industry valuation context
Industry: Specialty Chemicals · 32 companies
Valuations in Specialty Chemicals are above their usual range since 2016.
74% of months since 2016 were valued lower than now.
17% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values −8% and earnings +13% (medians): earnings grew faster than prices.
Median price-to-sales is −36% vs the whole market, against a usual −31%.
2016Shaded: most expensive fifth of its range2026
This is a cyclical group: after a downturn, trailing earnings and sales fall faster than prices, which can make valuations look high near a cycle's low.
Describes valuations since 2016; it does not predict prices. US companies worth $1B+, from SEC filings and month-end prices, as of Aug 2026. Today's companies and industry labels are used throughout. Measured on earnings, EBITDA, sales and free cash flow yields. How this works
Financials
Fiscal years from SEC annual filings · change vs the prior year
Key ratios
FY 2021
FY 2022
FY 2023
FY 2024
FY 2025
Change
Gross margin
32.0%
33.4%
32.1%
35.9%
36.2%
▲ 0.3 pts
Operating margin
5.0%
-10.7%
-18.4%
6.7%
-3.5%
▼ 10 pts
Net margin
2.4%
-15.0%
-22.5%
2.3%
-3.3%
▼ 5.6 pts
Return on assets (ROA)
0.7%
-5.2%
-8.4%
0.9%
-1.4%
▼ 2.3 pts
Return on equity (ROE)
1.3%
-10.6%
-17.7%
1.9%
-2.5%
▼ 4.5 pts
Free cash flow margin
9.0%
-0.9%
8.3%
5.3%
2.4%
▼ 2.9 pts
Current ratio
1.92×
1.99×
1.67×
1.83×
1.42×
▼ 22%
Quick ratio
1.23×
1.15×
1.02×
1.34×
0.85×
▼ 36%
Debt to equity
0.56×
0.63×
0.69×
0.65×
0.45×
▼ 31%
Interest coverage
2.02×
-3.95×
-5.55×
2.51×
-1.67×
▼ 166%
IFF price history
Price history is added with the daily price update and will appear after the next one.