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Stocks / United States / IFF · Industrial Organic Chemicals · NYSE

International Flavors & Fragrances Inc. (IFF)

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International Flavors & Fragrances Inc. (IFF) reported revenue of $2.0 billion for Q2 FY2026, the quarter ended 30 June 2026, down 29.3% on the same quarter a year earlier. Net income was $50 million, down 91.8% on the year, and diluted earnings per share $0.20. The figures are the company's own, from the 10-Q it filed with the SEC on 4 August 2026.

Revenue$2.0 billiondown 29.3%
Net income$50 milliondown 91.8%
Diluted EPS$0.20
QuarterQ2 FY2026ended 30 June 2026

Ratios

From the filings

ROEn/a
ROCE4.0%
Operating margin7.6%
Net marginn/a
FCF margin5.4%
Interest cover4.03
Debt to equity0.34
Cash conversionn/a
Share count, 1 year-0.4%
Sales CAGR, 3 years-4.3%
Profit CAGR, 3 yearsn/a
EPS, TTMn/a

At the close of 21 September 2026

Price$83.60
Market cap$21.3 billion
Stock P/En/a
Price to book1.53
EV / EBITDA15.57
Dividend yield1.9%
Market cap / sales2.14
52-week high$88.07
52-week low$59.55
Price, 1 year31.6%
Price CAGR, 3 years7.2%
Price CAGR, 5 years-8.8%

Every figure is arithmetic on the filed lines (hover a name for the formula); the priced ones use the latest daily close, CBOE delayed quotes, daily history, by CBOE, for splits. Debt to equity here stands on long-term debt as International Flavors & Fragrances Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.

Price, 17 September 2021 to 21 September 2026

Daily closes from CBOE delayed quotes, daily history, by CBOE, for splits; the last is 21 September 2026. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on IFF

Filings18 in twelve months: 10 current reports (8-K), about 4 results of operations; 2 other events; 2 material agreement; 1 regulation fd disclosure; 1 new financial obligation
Planned insider sales4 Form 144 notices in twelve months, $1.6 million; latest 17 August 2026
Options tapeput/call 0.75 by open interest on 23 September 2026; the straddle prices a 5.4% move to 16 October 2026
Holders10 of the followed funds hold it; largest Dodge & Cox; 2 Schedule 13D or 13G filings in twelve months
Insider trading9 sales and 13 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest16.1 million shares short, 12.03 days to cover at 31 August 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue2,8202,7032,8992,8892,9252,7712,8432,7642,6942,5892,7411,954
Cost of revenue1,8961,8431,8751,8211,8731,7911,8081,7341,7111,6991,7231,101
Gross profit9248601,0241,0681,0529801,0351,0309838901,018853
Gross margin33%32%35%37%36%35%36%37%36%34%37%44%
R&D157157166173162170164182174174166170
SG&A444444490493495517461483421469427437
Operating income150-2,536199191249127-90319822697.0273158
Operating margin5%-94%7%7%9%5%-32%7%8%4%10%8%
Interest expense11043.083.079.074.069.071.061.048.049.044.046.0
Pre-tax income59.0-2,64111518395.0-115-99453456.0n/a20964.0
Tax rate54%n/a47%6%37%n/an/a-15%27%n/a19%48%
Net income25.0-2,61060.017059.0-46.0-1,01861240.0n/a16950.0
Net margin1%-97%2%6%2%-2%-36%22%1%n/a6%3%
Diluted EPS$0.10-$10.22$0.23$0.66$0.23-$0.17-$3.98$2.38$0.16n/a$0.66$0.20
Operating cash flow42064499.0237366368127241164318257422
Capital expenditure10011311882.010316017995.0132188165136
Free cash flow320531-19.0155263208-52.014632.013092.0286
Buybacksn/an/an/an/an/an/a0.00.0n/an/a35.036.0
Dividends paid206207207102102103102102102103102102
Shares outstanding255m255m255m256m256m256m256m256m256m256m255m255m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Profit and loss, 10 fiscal years and the trailing twelve months

FY2016 FY2017 FY2018 FY2019 FY2020 FY2021FY2022 FY2023 FY2024 FY2025TTM
Revenue3,1163,3993,9785,1405,08411,65612,44011,47911,48410,8909,978
Cost of revenue1,7211,9262,2953,0272,9987,9218,2897,7987,3606,9526,234
Gross profit1,3961,4721,6832,1132,0863,7354,1513,6814,1243,9383,744
Gross margin44.8%43.3%42.3%41.1%41.0%32.0%33.4%32.1%35.9%36.2%37.5%
Research and development259295312346357629603636671694684
Selling, general and administrative5735707078769491,7491,7681,7871,9951,8341,754
Operating income553553584665566585-1,326-2,110766-382754
Operating margin17.7%16.3%14.7%12.9%11.1%5.0%-10.7%-18.4%6.7%-3.5%7.6%
Interest expense53.065.4133138132289336380305229187
Pre-tax income524537448557441354-1,625-2,518308-412n/a
Income tax11924110897.274.075.023969.041.0-53.0n/a
Effective tax rate22.7%44.9%24.1%17.4%16.8%21.2%n/an/a13.3%n/an/a
Net income405296340456363270-1,871-2,591263-361n/a
Net margin13.0%8.7%8.5%8.9%7.1%2.3%-15.0%-22.6%2.3%-3.3%n/a
Diluted EPS$5.05$3.72$3.79$4.00$3.21$1.10-$7.32-$10.05$0.95-$1.41n/a
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Income statement lines from each year's 10-K, the year linked to its filing; TTM is the sum of the last four quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

FY2016 FY2017 FY2018 FY2019 FY2020 FY2021FY2022 FY2023 FY2024 FY2025TTM
Operating cash flow5503914386997141,4373971,4551,0708501,161
Capital expenditure126129170236192393504503463594621
Free cash flow4242622674635221,044-107952607256540
Free cash flow margin13.6%7.7%6.7%9.0%10.3%9.0%-0.9%8.3%5.3%2.4%5.4%
Depreciation and amortisation1021181743233251,1561,1791,1421,015962884
Share-based compensation24.626.629.434.036.054.049.065.077.088.086.0
Buybacks12758.115.50.00.0n/an/a0.00.038.0n/a
Dividends paid185206230314323667810826514409409
Dividend per share$2.40$2.66$2.84$2.96$3.04$3.12$3.20$3.24$1.60$1.60n/a
Diluted shares, weighted80m79m88m113m114m243m255m255m256m256m257m
Shares outstanding at period end79m79m107m107m107m255m255m255m256m256m255m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Buybacks and dividends are the cash paid in the year, from the cash flow statement; the dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2016 FY2017 FY2018 FY2019 FY2020 FY2021FY2022 FY2023 FY2024 FY2025TTM
Total assets4,0174,59912,88913,28713,55639,65835,52230,97828,66725,53925,154
Cash and equivalents324368635607650711483703469590569
Receivables55166463.560.89291,9061,8181,7261,6241,7311,424
Inventory5926491,0791,1231,1322,5163,1512,4772,1332,2451,505
Goodwill1,0001,1565,3785,4985,59316,41413,35510,6359,0808,2698,145
Total debt, as filedn/an/an/an/an/a11,40010,97010,0718,9775,994n/a
Long-term debt1,3251,6444,5954,4174,44410,97110,5809,9808,8915,6374,735
Borrowings, as the company tags them1,3250.04,5534,3824,41411,40010,97010,0718,9775,9945,699
Operating lease liabilitiesn/an/an/a253265670672642550533n/a
Finance lease liabilitiesn/an/an/a2.54.015.012.018.018.020.0n/a
Shareholders' equity1,6261,6846,0336,2176,31121,08217,68414,61113,83414,15413,976
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

At the fiscal year end; the TTM column is the latest quarter end. A line the company does not tag under the usual name is left out.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/a16.5%-4.3%-11.7%
Profit growth, compoundedn/an/an/an/a
Return on equity, average3.3%-5.5%-6.1%-2.6%

Compounded growth is the latest fiscal year over the year that many years earlier, annualised; the TTM column is the last four quarters over the four before. Return on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Industrial Organic Chemicals

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
International Flavors & Fragrances Inc. IFF$21.3 billionn/an/a7.6%-11.7%0.341.9%
LyondellBasell Industries N.V. LYB$19.5 billionn/an/an/an/a1.056.8%

The names on this site in the same industry (the SEC's SIC description), by market capitalisation. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close.

Filings

FilingPeriodFiledWhere
10-Q30 June 20264 August 2026EDGAR
10-Q31 March 20265 May 2026EDGAR
10-K31 December 202527 February 2026EDGAR
10-Q30 September 20254 November 2025EDGAR
10-Q30 June 20255 August 2025EDGAR
10-Q31 March 20256 May 2025EDGAR
10-K31 December 202428 February 2025EDGAR
10-Q30 September 20245 November 2024EDGAR
10-Q30 June 20246 August 2024EDGAR
10-Q31 March 20246 May 2024EDGAR

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