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NYSE · Materials

International Flavors & Fragrances Inc. (IFF)

As-reported financials and SEC filings for International Flavors & Fragrances Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About International Flavors & Fragrances Inc.

International Flavors & Fragrances Inc (IFF) creates and manufactures products used in food, beverage, health, biosciences, and scent applications. Its main offerings include flavor compounds, food ingredients, biotechnology-derived enzymes and probiotics, and fragrance compounds and ingredients. IFF serves manufacturers in industries such as dairy, meat, beverages, personal care, cleaning products, dietary supplements, and perfumes.

Snapshot

Revenue
$10.89B
Revenue growth (YoY)
-5.2%
Net income
$-359.0M
Diluted EPS
$-1.41
Gross margin
36.2%
Operating margin
-3.5%
Net margin
-3.3%
FCF margin
2.4%
ROE
-2.5%
net income / fiscal-year-end equity
P/E
n/m
not meaningful: a reported loss in the fiscal year or the trailing twelve months
Market cap
$22.86B
Long-term debt / equity
0.33×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at International Flavors & Fragrances

  • Revenue fell 5.2% to $10.9B in FY2025, slower than the 0.0% the year before.
  • Operating margin is now a 3.5% loss in FY2025, from 5.0% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $2.0B, up 1.8% from Q2 FY2025.
  • Free cash flow was $256M in FY2025, 2.4% of revenue.
  • Net income turned to a $359M loss in FY2025, from a $267M profit in FY2024.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where International Flavors & Fragrances’s fundamentals sit among the 225 Materials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin36.2%
76th percentile of 177
Operating margin-3.5%
25th percentile of 174
Net margin-3.3%
32nd percentile of 206
FCF margin2.4%
38th percentile of 191
Revenue growth (YoY)-5.2%
26th percentile of 220
ROE-2.5%
38th percentile of 200
Long-term debt / equity0.33×
29th percentile of 156
Short interest8.77d
94th percentile of 221

No reported insider purchases (code P) in the last 90 days; 3 insider sales totaling $1.3M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 5 of the superinvestors we track (plus 3 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
5
+3 quant / multi-strat
Initiated / added
5
1 new, 4 added
Reduced / exited
3
2 trimmed, 1 exited
Combined position
$4.29B
reported long value
InvestorAs ofPosition valueSharesChange
Dodge & CoxQ2 2026$2.93B37.0MAdded
First Eagle Investment ManagementQ2 2026$745.4M9.4MAdded
Icahn CapitalQ2 2026$338.7M4.3MHeld
Millennium ManagementquantQ2 2026$119.1M1.5MAdded
AQR Capital ManagementquantQ2 2026$113.6M1.5MReduced
Gotham Asset ManagementQ2 2026$31.9M402.7KAdded
Citadel AdvisorsquantQ2 2026$8.7M110.1KReduced
Bridgewater AssociatesQ2 2026$403,2305.1KNew

No longer held by: Point72 Asset Management (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
—
code P value
Sells (90d)
3
$1.3M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-17
filed 2026-08-19
De Mendonca Ana Paula TelesPresident, ScentSell5.7K$83.19$476K
2026-08-07
filed 2026-08-10
Marc BirenkrantController & CAOSell1.0K$85.00$85K
2026-08-06
filed 2026-08-07
Michael DeveauEVP, CFOSell8.8K$85.55$755K
2026-06-01
filed 2026-06-02
Paul J. FribourgDirectorBuy260.0K$74.28$19.3M
2026-06-01
filed 2026-06-02
Paul J. FribourgDirectorBuy13.5K$74.49$1.0M

Reported non-derivative purchases and sales (codes P/S), which may be open-market or private. Excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
16.1M
settled 2026-09-30
Change vs prior
-1.0%
vs previous settlement
Days to cover
8.77
at avg daily volume
Avg daily volume
1.8M
FINRA reported
SettlementShares shortChangeDays to cover
2026-09-3016.1M-1.0%8.77
2026-09-1516.3M+1.0%10.55
2026-08-3116.1M+5.1%12.03
2026-08-1415.4M-6.4%8.52
2026-07-3116.4M+9.2%9.76
2026-07-1515.0M+4.2%7.28
2026-06-3014.4M-5.0%6.90
2026-06-1515.2M+18.7%7.56

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$10.89B$11.48B$11.48B$12.44B$11.66B
Gross profit
Operating income$-382.0M$766.0M$-2.11B$-1.33B$585.0M
Net income$-359.0M$267.0M$-2.59B$-1.86B$279.0M
Diluted EPS$-1.41$1.04$-10.14$-7.32$1.10

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$590.0M$469.0M$703.0M$483.0M$711.0M
Current assets$5.59B$7.97B$6.29B$7.43B$6.99B
Total assets$25.54B$28.72B$30.98B$35.52B$39.66B
Current liabilities$3.93B$4.35B$3.76B$3.73B$3.63B
Long-term debt$4.74B$7.56B$9.19B$10.37B$10.77B
Total liabilities
Total equity$14.19B$13.87B$14.58B$17.65B$21.12B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$850.0M$1.07B$1.46B$397.0M$1.44B
Capital expenditure$594.0M$463.0M$503.0M$504.0M$393.0M
Free cash flow

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Quarterly trend

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$1.95B1.8%$50.0M$0.20
Q1 FY2026$2.74B-3.6%$169.0M$0.66
Q4 FY2025-6.6%—
Q3 FY2025$2.69B-7.9%$40.0M$0.16
Q2 FY2025$1.92B-33.6%$599.0M$2.33
Q1 FY2025$2.84B-1.9%$-1.02B$-3.98
Q4 FY20242.5%—
Q3 FY2024$2.92B3.7%$58.0M$0.23

Latest 8 quarters, from company XBRL filings on SEC EDGAR. A dotted underline marks a fourth-quarter figure we calculated from the full year and the first nine months. Revenue YoY is our calculation too: each quarter against the same quarter a year earlier.

Company facts

ExchangeNYSE
SectorMaterials
SIC industryIndustrial Organic Chemicals
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2019
SEC CIK51253

Selected SEC filings

10-K2026-02-27
View on EDGAR →
10-K2025-02-28
View on EDGAR →
10-Q2026-08-04
View on EDGAR →
10-Q2026-05-05
View on EDGAR →
10-Q2025-11-04
View on EDGAR →
10-Q2025-08-05
View on EDGAR →
8-K2026-08-04
View on EDGAR →
8-K2026-08-04
View on EDGAR →

Largest Materials peers

All Materials companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.