International Flavors & Fragrances (IFF) FY2024 results: revenue $11.5 billion, unchanged on the year
International Flavors & Fragrances Inc. (IFF) reported revenue of $11.5 billion for fiscal 2024, the year ended 31 December 2024, unchanged on the year before. Net income was $263 million, and diluted earnings per share $1.04. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2025.
Revenue
$11.5 billion
+0.0% on the year
FY2017FY2024
Operating margin
6.7%
-18.4% a year earlier
FY2017FY2024
Net income
$263 million
FY2017FY2024
Diluted EPS
$1.04
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree 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.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
1,070
1,455
397
-26.5%
Capital expenditure
463
503
504
-8.0%
Free cash flow
607
952
-107
-36.2%
Free cash flow margin
5.3%
8.3%
-0.9%
Cash from investing
326
558
745
-41.6%
Cash from financing
-1,606
-1,851
-1,229
Depreciation and amortisation
1,015
1,142
1,179
-11.1%
Share-based compensation
77.0
65.0
49.0
+18.5%
Buybacks
0.0
0.0
n/a
Dividends paid
514
826
810
-37.8%
Dividend per share
$1.60
$3.24
$3.20
-50.6%
Diluted shares, weighted
256m
255m
255m
+0.4%
Shares outstanding at period end
256m
255m
255m
+0.2%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
13,834
14,611
17,684
-5.3%
Non-controlling interest
35.0
31.0
30.0
+12.9%
Redeemable equity
n/a
0.0
59.0
Debt
8,977
10,071
10,970
-10.9%
Operating lease liabilities
550
642
672
-14.3%
Finance lease liabilities
18.0
18.0
12.0
0.0%
Other liabilities
5,253
5,605
6,095
-6.3%
Total liabilities and equity
28,667
30,978
35,522
-7.5%
Fixed assets
3,739
4,240
4,203
-11.8%
Goodwill
9,080
10,635
13,355
-14.6%
Intangible assets
6,445
8,357
9,082
-22.9%
Cash and equivalents
469
703
483
-33.3%
Receivables
1,624
1,726
1,818
-5.9%
Inventory
2,133
2,477
3,151
-13.9%
Other assets
5,177
2,840
3,430
+82.3%
Total assets
28,667
30,978
35,522
-7.5%
10-K for the year ended 31 December 2024, filed 28 February 2025: the filing.