10 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 16.5% per year over the past 5 years.
Operating margin has contracted, at -3.5% in the latest year.
Free cash flow has declined 13.3% per year over the past 5 years.
Financial health
Total debt ($6.0B) exceeds cash ($590M); net debt is $5.4B.
Total debt has grown slower than revenue (6.2% vs 16.5% per year).
Operating income covered interest expense -1.7× in the latest year.
Total debt is 10× EBITDA.
Shareholder returns
Dividends have been paid for 10 consecutive years, consuming 159.8% of free cash flow.
The dividend has grown 4.8% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$10.9B
-$359M
36.2%
-3.5%
$256M
$6.0B
$590M
2024
$11.5B
$267M
35.9%
6.7%
$607M
$9.0B
$469M
2023
$11.5B
-$2.6B
32.1%
-18.4%
$952M
$10.1B
$703M
2022
$12.4B
-$1.9B
33.4%
-10.7%
-$107M
$11.0B
$483M
2021
$11.7B
$279M
32.0%
5.0%
$1.0B
$11.4B
$711M
2020
$5.1B
$367M
41.0%
11.1%
$522M
$4.4B
$650M
2019
$5.1B
$460M
41.1%
12.9%
$463M
$4.4B
$607M
2018
$4.0B
$340M
42.3%
14.7%
$267M
$4.6B
$635M
2017
$3.4B
$296M
43.3%
16.3%
$262M
$1.6B
$368M
2016
$3.1B
$405M
44.8%
17.7%
$424M
$1.3B
$324M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$2.7B
$169M
37.1%
10.0%
$92M
$6.0B
$562M
Dec '25
$2.6B
—
34.4%
3.7%
$130M
$6.0B
$590M
Sep '25
$2.7B
$40M
36.5%
8.4%
$32M
$6.4B
$621M
Jun '25
$2.8B
$612M
37.3%
7.2%
$146M
$6.2B
$816M
Mar '25
$2.8B
-$1.0B
36.4%
-31.8%
-$52M
$9.6B
$613M
Dec '24
$2.8B
—
35.4%
4.6%
$229M
$9.0B
$469M
Sep '24
$2.9B
$58M
36.0%
8.5%
$242M
$9.1B
$567M
Jun '24
$2.9B
$170M
37.0%
6.6%
$155M
$9.6B
$671M
Mar '24
$2.9B
$60M
35.3%
6.9%
-$19M
$11.1B
$732M
Dec '23
$2.7B
—
31.8%
-93.8%
$531M
$10.1B
$703M
Sep '23
$2.8B
$25M
32.8%
5.3%
$320M
$10.3B
$629M
Jun '23
$2.9B
$27M
31.9%
5.0%
$133M
$10.7B
$638M
Mar '23
$3.0B
-$9M
31.8%
4.3%
-$48M
$11.9B
$590M
Dec '22
$2.8B
—
30.6%
3.7%
$48M
$11.0B
$483M
Sep '22
$3.1B
-$2.2B
32.7%
-64.8%
$132M
$11.0B
$538M
Jun '22
$3.3B
$107M
34.4%
6.4%
-$151M
$12.9B
$569M
Mar '22
$3.2B
$244M
35.5%
10.6%
-$136M
$12.3B
$657M
Dec '21
$3.0B
—
32.4%
5.7%
$160M
$11.4B
$711M
Sep '21
$3.1B
$194M
35.5%
9.7%
$351M
$11.7B
$672M
Jun '21
$3.1B
$28M
29.5%
3.6%
$268M
$12.0B
$935M
Valuation over time
How the market has priced IFF against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 80.9× (Dec '24) to 66.4× (Nov '25).
The price-to-sales ratio has fallen from 1.9× (Mar '23) to 1.8× (Jun '26).
The dividend yield has fallen from 3.5% (Mar '23) to 2.1% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is IFF growing its revenue and profit?
Over the past 5 years, International Flavors & Fragrances's revenue has grown 16.5% per year. These are computed facts, not advice.
How much debt does IFF have?
As of FY2025, International Flavors & Fragrances reported $6.0B of total debt against $590M of cash; operating income covered interest expense -1.7×.
What is IFF's profit margin?
In FY2025, gross margin was 36.2%, operating margin -3.5%, and net margin -3.3%.
What is IFF's P/E ratio?
As of Jun '26, International Flavors & Fragrances traded at a price-to-earnings ratio of about 66.4× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.