International Flavors & Fragrances Inc.
IFFIFF raises 2026 guidance, advances portfolio simplification and launches $2.5B buyback
| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $11.48B | $11.48B | $12.44B | $11.66B | $5.08B | $5.14B | $3.98B | $3.40B |
| Cost of Revenue | $7.36B | $7.80B | $8.29B | $7.92B | $3.00B | $3.03B | $2.29B | $1.93B |
| Gross Profit | $4.12B | $3.68B | $4.15B | $3.73B | $2.09B | $2.11B | $1.68B | $1.47B |
| Gross Margin | 35.91% | 32.07% | 33.37% | 32.04% | 41.03% | 41.11% | 42.31% | 43.32% |
| Operating Expenses | $3.36B | $5.79B | $5.48B | $3.15B | $1.52B | $1.45B | $1.10B | $919.83M |
| Operating Income | $766.00M | $-2.11B | $-1.33B | $585.00M | $566.00M | $665.00M | $583.88M | $552.63M |
| Operating Margin | 6.67% | -18.38% | -10.66% | 5.02% | 11.13% | 12.94% | 14.68% | 16.26% |
| Net Income | $243.00M | $-2.56B | $-1.87B | $268.00M | $365.00M | $454.00M | $334.45M | $295.67M |
| Net Margin | 2.12% | -22.35% | -15.02% | 2.30% | 7.18% | 8.83% | 8.41% | 8.70% |
| EPS (Basic) | $0.95 | $-10.06 | $-7.20 | $1.10 | $3.25 | $4.04 | $3.85 | $3.73 |
| EBITDA | $1.60B | $-996.00M | $-110.00M | $1.80B | $898.00M | $1.02B | $754.11M | $720.38M |
| Stock Option Compensation Expense | $77.00M | $65.00M | $49.00M | $54.00M | $36.00M | $34.48M | $29.40M | $26.57M |
| Price To Earnings Ratio | 89.07 | -8.05 | -14.31 | 136.60 | 33.45 | 31.82 | 35.15 | 40.81 |
| Price To Sales Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Shares Outstanding | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Market Capitalization | $21.64B | $20.65B | $26.73B | $36.61B | $12.21B | $14.45B | $11.76B | $12.07B |
| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Short Term Receivables | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Inventories | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Property, Plant & Equipment | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Investments and Advances | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Note Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Intangible Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Deferred Tax Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Assets | $28.67B | $30.98B | $35.52B | $39.66B | $13.56B | $13.29B | $12.89B | $4.60B |
| Short Term Debt Incl. Current Port. of LT Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Payable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax Payable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Provision for Risks Charges | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Deferred Tax Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $14.76B | $16.34B | $17.78B | $18.44B | $7.14B | $6.96B | $6.76B | $2.91B |
| Non-Equity Reserves | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Preferred Stock - Carrying Value | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Common Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Shareholders Equity | $13.88B | $14.61B | $17.66B | $21.08B | $6.31B | $6.22B | $6.03B | $1.68B |
| Accumulated Minority Interest | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $13.88B | $14.61B | $17.66B | $21.08B | $6.31B | $6.22B | $6.03B | $1.68B |
| Total Liabilities & Stockholders Equity | $28.67B | $30.98B | $35.52B | $39.66B | $13.56B | $13.29B | $12.89B | $4.60B |
| Book Value Per Share | $54.34 | $57.42 | $69.58 | $87.33 | $57.24 | $56.52 | $69.96 | $21.36 |
| Tangible Book Value Per Share | $-6.30 | $-17.06 | $-18.47 | $-23.45 | $-16.94 | $-18.05 | $-26.19 | $1.48 |
| Full-Time Employees | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price to Book Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | 0.85% | -8.28% | -5.26% | 0.68% | 2.69% | 3.42% | 2.59% | 6.43% |
| Return on Equity | 1.75% | -17.56% | -10.58% | 1.27% | 5.78% | 7.30% | 5.54% | 17.56% |
| Return on Invested Capital | 2.63% | -7.48% | -4.08% | 1.25% | 3.82% | 4.52% | 3.75% | 7.93% |
| Quick Ratio | 1.32 | 0.97 | 1.11 | 1.23 | 1.01 | 1.17 | 1.65 | 1.62 |
| Current Ratio | 1.84 | 1.67 | 1.99 | 1.92 | 1.61 | 1.90 | 2.61 | 2.47 |
| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|
| Net Income | $243.00M | $-2.56B | $-1.87B | $268.00M | $365.00M | $454.00M | $334.45M | $295.67M |
| Depreciation | $1.01B | $1.14B | $1.18B | $1.16B | $325.00M | $323.00M | $173.79M | $117.97M |
| Other Funds (Non Cash) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Funds from Operations | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Extraordinary Item | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Changes in Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Taxes Payable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash from Operating Activities | $1.07B | $1.44B | $397.00M | $1.44B | $714.00M | $699.00M | $437.57M | $390.76M |
| Capital Expenditures | $468.00M | $503.00M | $506.00M | $397.00M | $192.00M | $242.00M | $173.42M | $128.97M |
| Net Assets From Acquisitions | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Sale of Fixed Assets and Businesses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Purchase or Sale of Investments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Purchase of Investments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Sale Or Maturity of Investments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Uses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Sources | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash from Investing Activities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash Dividends Paid | $514.00M | $826.00M | $810.00M | $667.00M | $323.00M | $314.00M | $230.22M | $206.12M |
| Change in Capital Stock | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Repurchase of Common Pref Stock | $16.00M | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $15.47M | $58.07M |
| Sale of Common Pref Stock | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Proceeds from Stock Options | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Issuance or Reduction of Debt, Net | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Change in Long Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Issuance of Long Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Reduction of Long Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Financing Active Other Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Financing Activities Uses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash from Financing Activities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Exchange Rate Effect | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Change in Cash | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | $602.00M | $936.00M | $-109.00M | $1.04B | $522.00M | $457.00M | $264.15M | $261.78M |
| Preferred Dividends (Cash Flow) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price to Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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About the company
International Flavors & Fragrances Inc. (IFF), through its various subsidiaries, operates as a global developer and purveyor of active cosmetic and natural health ingredients. These vital components are incorporated into a wide array of consumer goods distributed across significant markets such as Europe, Africa, the Middle East, Greater Asia, North America, and Latin America. The company's activities are organized into four principal divisions: 1. Nourish: This segment focuses on natural and plant-derived specialty food ingredients, offering items like flavor compounds, savory solutions, and inclusions. It also provides natural food protection solutions, including antioxidants and anti-microbials, for use in beverages, confectionery, and dairy items. 2. Scent: The Scent division creates fragrance compounds, encompassing luxurious fine fragrances (perfumes and colognes) and everyday consumer fragrances. It further supplies essential fragrance ingredients, both synthetic and natural, which are blended to formulate new scents. Additionally, this segment delivers cosmetic active ingredients, such as functional compounds, botanicals, and advanced delivery systems, designed to enhance customers' cosmetic and personal care product lines. 3. Health & Biosciences: This segment is dedicated to the research, development, and production of enzymes, food cultures, probiotics, and other specialized biological ingredients. 4. Pharma Solutions: This division is responsible for manufacturing and distributing cellulosic and seaweed-derived pharmaceutical excipients. IFF's diverse customer base primarily consists of manufacturers in sectors including perfumery, cosmetics, hair and personal care, soaps and detergents, cleaning products, dairy, meat and processed foods, beverages, snacks and savory items, sweet and baked goods, dietary supplements, infant and elderly nutrition, functional foods, and producers of pharmaceutical excipients and oral care products. Established in 1833, International Flavors & Fragrances Inc. is headquartered in New York, New York.