International Flavors & Fragrances Inc.
Rank #403DeclineIFF · NYSE · Basic Materials
International Flavors & Fragrances Inc. (IFF) — Rank #403 by gross profitability (GP/assets 0.16) · ROE -2.6% · Piotroski F-Score 6 / 9.
As-of 2026-09-15 · CIK 0000051253 · all metrics point-in-time as of the filing date.
About
International Flavors & Fragrances Inc., together with its subsidiaries, manufactures and markets food, beverage, health and biosciences, scent, and complementary adjacent products in the United States, and internationally.
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It operates in through Taste, Food Ingredients, Health & Biosciences, and Scent segments. The Taste segment offers savory products such as soups, sauces, meat, fish, poultry, snacks; beverages consists of juice drinks, carbonated or flavored beverages, spirits; sweets comprising, bakery products, candy, cereal, chewing gum; and dairy products, such as yogurt, ice cream, cheese, and other products, as well as spices and seasoning ingredients for meat, food service, convenience, alternative protein and culinary products. The Food Ingredients segment provides natural, artificial, and plant-based specialty food ingredients; natural antioxidants and anti-microbials used for natural food preservation and shelf-life extension for beverages, cosmetic and healthcare products, pet food and feed additives; and savory solutions, such as spices, marinades, and mixtures, and inclusion products comprising combining flavorings with fruit, vegetables and other natural ingredients, as well as soy and pea protein with value-added formulations, emulsifiers and sweeteners. The Health & Biosciences segment offers enzymes, food cultures, probiotics and specialty ingredients for food and non-food applications, as well as engages in health, food biosciences, home and personal care, animal nutrition and grain processing businesses. The Scent segment creates fragrance compounds, and fragrance ingredients. International Flavors & Fragrances Inc.
was incorporated in 1909 and is headquartered in New York, New York.
- Industry
- Specialty Chemicals
- Sector
- Basic Materials
- State
- NY
- Filer Category
- Large accelerated filer
- Fiscal Year End
- December 31
- Website
- iff.com
Price History
Company Snapshot
P/E, P/B, and dividend yield matter most — book value provides a floor.
Market Cap
$21.46B
P/E (annual)
—
P/S (annual)
2.0
P/B
1.5
P/OCF (annual)
25.2
Shareholder Yield
1.9%
Employees
21,500
Industry
Specialty Chemicals
Exchange
NYSE
Signal Flags
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
3/3 passGrowth
1/2 passTerry Smith quality gate
Passes 0/5 Terry Smith thresholds2 of 5 thresholds not computable from filed data.
What Growth Is Priced In
Implied revenue growth (10Y)
27.4%
The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).
Dilution drag: 0.0% — per-share value needs a total required return of 27.4% once share-count change is priced in.
vs. own 6-year median revenue growth: -0.5%
Cost-of-equity sensitivity (implied growth at different discount rates)
r = 8%
22.0%
r = 10% (base)
27.4%
r = 12%
32.1%
Net debt / market cap: 23.8%
Valuation History
Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.
P / E
Price / diluted EPS
P / S
Price / revenue per share
P / B
Price / book value per share
P / GP
Price / gross profit per share
P / FCF
Price / free cash flow per share
Disclosure regression check
A previously-disclosed line item is no longer reported. Worth checking the filing for why.
Asset value and restructuring potential (balance-sheet strength) are the primary reads at this stage.
Profitability
Gross profitability (GP / assets)
0.16
Primary signal (Novy-Marx).
21st pctl of 34 SIC 28 peers
Return on equity
-2.6%
Gross margin
36.2%
36th pctl of 34 SIC 28 peers
Revenue growth (YoY)
-5.2%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
-4.3%
Revenue CAGR (5Y)
16.5%
Earnings CAGR (3Y)
—
FCF CAGR (3Y)
—
Anti-fragile safety
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
0.80
50th pctl of 31 SIC 28 peers (best = lowest)
Current ratio
2.06×
39th pctl of 34 SIC 28 peers
Quick ratio
0.45×
Net cash
-$5.13B
Cash & equivalents minus total debt.
Cash-flow health
Free cash flow
$256.00M
Operating cash flow minus capex.
Positive free cash flow
FCF / net income
1.71
Cash-backing of earnings.
FCF/NI divergence
Unfavorable divergence (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
0.8%
Stock-based comp intensity.
Dividend safety
Composite score
0.8 / 5
Piotroski F-Score
F-Score
6 / 9
Fundamental-strength score (0-9).