IFF · NYSE · Basic Materials
International Flavors & Fragrances Inc. (IFF) — Rank #384 by gross profitability (GP/assets 0.16) · ROE -2.6% · Piotroski F-Score 6 / 9.
As-of 2026-10-30 · 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
Company Snapshot
P/E, P/B, and dividend yield matter most — book value provides a floor.
Market Cap
—
P/E (annual)
—
P/S (annual)
—
P/B
—
P/OCF (annual)
—
Shareholder Yield
—
Employees
21,500
Industry
Specialty Chemicals
Exchange
NYSE
9/12
Flags passed
IFF fails 2 critical flags
Passes 9 of 12 quality flags, 1 caution
- FAILRevenue declining YoY
Revenue contracted year over year
- FAILOperating margin declining
Operating margin lower than prior year
- CAUTIONDisclosure regression
A previously-disclosed line item is no longer reported — worth checking the filing for why
- PASSGross margin holding
- PASSDilution within 2%
- PASSFCF not negative from investment
- PASSFree cash flow intact
- PASSPasses safety gate
- PASSBalance sheet stable
- PASSNo competitive retreat
- PASSSBC not compressing margin
- PASSNo valuation convergence
Strengths Sequential beat (rev + EPS)
A count of the 12 warning flags that could be evaluated. Unweighted: colour follows the worst flag.
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
3/3 passGrowth
1/2 passAsset value and restructuring potential (balance-sheet strength) are the primary reads at this stage.
Profitability
Does it make money well?
Warning: Operating margin declining, Revenue declining YoY · GP/assets 29th percentile of 39 SIC 28 peers
Gross profitability (GP / assets)
0.16
Primary signal (Novy-Marx).
29th pctl of 39 SIC 28 peers
Return on equity
-2.6%
Gross margin
36.2%
39th pctl of 39 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)
—
Cash Flow Health
Is the cash real?
No warning flags · FCF 171% above net income
Free cash flow
$256.00M
Operating cash flow minus capex.
Positive free cash flow
FCF vs net income
170.9%
(FCF − net income) ÷ |net income|. Positive: cash above earnings. Negative: below.
FCF not below net income
Fails when free cash flow is below net income (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
0.8%
Stock-based comp intensity.
Balance Sheet Strength
Can it survive a storm?
No warning flags · net debt $5.13B, F-Score 6/9
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
0.80
44th pctl of 35 SIC 28 peers (best = lowest)
Current ratio
2.06×
37th pctl of 39 SIC 28 peers
Quick ratio
0.45×
Net cash
-$5.13B
Cash & equivalents minus total debt.
Piotroski F-Score
6 / 9
Fundamental-strength score (0-9).
Valuation
Is the price reasonable?
No warning flags
Dividend safety
Composite score
0.8 / 5
Capital allocation quality
Composite score
2.7 / 5
Lifecycle Phase History
Price History
Source filings on SEC EDGAR: 10-K annual reports · 10-Q quarterly reports