Interparfums (IPAR) FY2025 results: revenue $1.5 billion, up 2.5% on the year

Interparfums Inc. (IPAR) reported revenue of $1.5 billion for fiscal 2025, the year ended 31 December 2025, up 2.5% on the year before. Net income was $168 million, up 2.5%, and diluted earnings per share $5.24. The figures are the company's own, from the 10-K it filed with the SEC on 10 March 2026.

Revenue

$1.5 billion

+2.5% on the year

FY2018FY2025

Operating margin

18.2%

18.9% a year earlier

FY2018FY2025

Net income

$168 million

+2.5% on the year

FY2018FY2025

Diluted EPS

$5.24

+2.3% on the year

FY2018FY2025

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2025 · Q2 FY2025 · Q3 FY2025 · Q4 FY2025

Income statement (profit and loss)

$ million	FY2025	FY2024	FY2023	On the year
Revenue	1,489	1,452	1,318	+2.5%
Cost of revenue	541	525	479	+3.1%
Gross profit	947	927	839	+2.1%
Gross margin	63.6%	63.9%	63.7%
Selling, general and administrative	677	649	588	+4.4%
Operating income	270	275	251	-1.6%
Operating margin	18.2%	18.9%	19.1%
Interest expense	7.2	7.8	11.3	-7.4%
Pre-tax income	271	268	250	+1.1%
Income tax	63.2	65.0	61.8	-2.7%
Effective tax rate	23.3%	24.2%	24.8%
Net income	168	164	153	+2.5%
Net margin	11.3%	11.3%	11.6%
Diluted EPS	$5.24	$5.12	$4.75	+2.3%

$ million except per share.

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.

Cash flow

$ million	FY2025	FY2024	FY2023	On the year
Operating cash flow	215	188	106	+14.5%
Capital expenditure	24.4	4.7	6.5	+415.1%
Free cash flow	190	183	99.3	+4.1%
Free cash flow margin	12.8%	12.6%	7.5%
Cash from investing	-61.1	-44.8	7.3
Cash from financing	-131	-101	-133
Depreciation and amortisation	25.3	28.4	17.3	-10.8%
Share-based compensation	1.6	2.4	2.5	-34.1%
Dividends paid	103	96.0	80.0	+7.0%
Dividend per share	$3.20	$3.00	$2.50	+6.7%
Diluted shares, weighted	32m	32m	32m	+0.0%
Shares outstanding at period end	32m	32m	32m	-0.1%

Balance sheet

$ million	FY2025	FY2024	FY2023	On the year
Shareholders' equity	881	745	699	+18.2%
Non-controlling interest	223	198	193	+12.9%
Debt	185	166	162	+11.9%
Operating lease liabilities	16.0	20.5	24.5	-21.9%
Other liabilities	280	283	291	-0.9%
Total liabilities and equity	1,585	1,411	1,369	+12.3%
Fixed assets	185	154	169	+20.2%
Intangible assets	325	282	296	+15.1%
Investments	137	109	94.3	+25.4%
Cash and equivalents	158	125	88.5	+26.0%
Receivables	321	275	247	+16.7%
Inventory	351	372	372	-5.5%
Other assets	108	93.6	102	+15.3%
Total assets	1,585	1,411	1,369	+12.3%

10-K for the year ended 31 December 2025, filed 10 March 2026: the filing.