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Interparfums (IPAR) FY2024 results: revenue $1.5 billion, up 10.2% on the year

Interparfums Inc. (IPAR) reported revenue of $1.5 billion for fiscal 2024, the year ended 31 December 2024, up 10.2% on the year before. Net income was $164 million, up 7.7%, and diluted earnings per share $5.12. The figures are the company's own, from the 10-K it filed with the SEC on 11 March 2025.

Revenue
$1.5 billion
+10.2% on the year
FY2017FY2024
Operating margin
18.9%
19.1% a year earlier
FY2017FY2024
Net income
$164 million
+7.7% on the year
FY2017FY2024
Diluted EPS
$5.12
+7.8% on the year
FY2017FY2024

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2024 · Q2 FY2024 · Q3 FY2024 · Q4 FY2024

Income statement (profit and loss)

$ millionFY2024FY2023FY2022On the yearLast 8 years
Revenue1,4521,3181,087+10.2%
Cost of revenue525479392+9.7%
Gross profit927839694+10.5%
Gross margin63.9%63.7%63.9%
Selling, general and administrative649588492+10.4%
Operating income275251194+9.3%
Operating margin18.9%19.1%17.9%
Interest expense7.811.33.6-30.5%
Pre-tax income268250194+7.5%
Income tax65.061.843.2+5.1%
Effective tax rate24.2%24.8%22.2%
Net income164153121+7.7%
Net margin11.3%11.6%11.1%
Diluted EPS$5.12$4.75$3.78+7.8%
$ 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

$ millionFY2024FY2023FY2022On the yearLast 8 years
Operating cash flow18810673.0+77.4%
Capital expenditure4.76.533.8-26.7%
Free cash flow18399.339.3+84.2%
Free cash flow margin12.6%7.5%3.6%
Cash from investing-44.87.3-90.6
Cash from financing-101-133-45.6
Depreciation and amortisation28.417.322.5+63.6%
Share-based compensation2.42.53.1-5.8%
Dividends paid96.080.063.7+20.0%
Dividend per share$3.00$2.50$2.00+20.0%
Diluted shares, weighted32m32m32m-0.0%
Shares outstanding at period end32m32m32m+0.3%

Balance sheet

$ millionFY2024FY2023FY2022On the yearLast 8 years
Shareholders' equity745699617+6.5%
Non-controlling interest198193171+2.6%
Debt166162180+2.3%
Operating lease liabilities20.524.524.3-16.6%
Other liabilities283291316-2.8%
Total liabilities and equity1,4111,3691,309+3.1%
Fixed assets154169167-9.1%
Intangible assets282296291-4.7%
Investments10994.3151+15.9%
Cash and equivalents12588.5105+41.8%
Receivables275247198+11.1%
Inventory372372290+0.0%
Other assets93.6102108-8.1%
Total assets1,4111,3691,309+3.1%

10-K for the year ended 31 December 2024, filed 11 March 2025: the filing.