International Flavors & Fragrances Inc. (IFF) Financial Ratios
30 years of historical data (1996–2025) · Basic Materials · Chemicals - Specialty
EV/EBITDA
↓
13.89
↓-27% vs avg
5yr avg: 18.93
30Y Low8.0·High27.6
P/FCF
↑
82.75
↑+106% vs avg
5yr avg: 40.15
30Y Low9.8·High69.2
P/B Ratio
↓
1.50
+1% vs avg
5yr avg: 1.48
30Y Low1.2·High7.2
ROE
↓
-2.7%
↓+46% vs avg
5yr avg: -4.9%
30Y Low-16%·High39%
Debt/EBITDA
↓
3.39
↓-36% vs avg
5yr avg: 5.27
30Y Low0.0·High7.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
IFF Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
International Flavors & Fragrances Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 82.7x P/FCF, 106% above the 5-year average of 40.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $21.2B | $17.3B | $21.6B | $20.6B | $26.7B | $36.6B | $12.4B | $14.6B | $11.8B | $12.1B | $9.4B |
| Enterprise Value | $27.2B | $23.3B | $30.8B | $30.8B | $38.0B | $48.1B | $16.4B | $18.7B | $15.7B | $13.4B | $10.4B |
| P/E Ratio → | -56.80 | — | 89.00 | — | — | 136.95 | 34.01 | 32.26 | 35.06 | 41.02 | 23.33 |
| P/S Ratio | 1.95 | 1.58 | 1.88 | 1.80 | 2.15 | 3.14 | 2.43 | 2.84 | 2.97 | 3.56 | 3.02 |
| P/B Ratio | 1.50 | 1.22 | 1.56 | 1.41 | 1.51 | 1.73 | 1.93 | 2.31 | 1.93 | 7.17 | 5.78 |
| P/FCF | 82.75 | 67.39 | 35.95 | 22.06 | — | 35.20 | 23.69 | 31.99 | 44.79 | 46.27 | 22.24 |
| P/OCF | 24.92 | 20.30 | 20.23 | 14.35 | 67.34 | 25.48 | 17.32 | 20.91 | 27.04 | 31.00 | 17.13 |
P/E links to full P/E history page with 30-year chart
IFF EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
International Flavors & Fragrances Inc.'s enterprise value stands at 13.9x EBITDA, 27% below its 5-year average of 18.9x. The Basic Materials sector median is 11.4x, placing the stock at a 22% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.14 | 2.68 | 2.68 | 3.05 | 4.13 | 3.23 | 3.63 | 3.96 | 3.94 | 3.35 |
| EV / EBITDA | 13.89 | 11.88 | 17.29 | — | — | 27.62 | 18.45 | 18.90 | 20.77 | 19.96 | 15.91 |
| EV / EBIT | 27.24 | — | 52.82 | — | — | 74.79 | 28.68 | 26.87 | 27.12 | 22.22 | 18.08 |
| EV / FCF | — | 91.07 | 51.16 | 32.86 | — | 46.24 | 31.49 | 40.86 | 59.57 | 51.13 | 24.60 |
IFF Profitability
Margins and return-on-capital ratios measuring operating efficiency
International Flavors & Fragrances Inc. earns an operating margin of 9.2%, roughly in line with the Basic Materials sector average. Operating margins have expanded from -18.4% to 9.2% over the past 3 years, signaling improving operational efficiency. A negative ROE of -2.7% indicates the company is currently destroying shareholder equity. ROIC of 3.5% represents below-average returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 30.9% | 30.9% | 35.9% | 32.1% | 33.4% | 32.0% | 41.0% | 41.1% | 42.3% | 43.3% | 44.8% |
| Operating Margin | 9.2% | 9.2% | 6.7% | -18.4% | -10.7% | 5.0% | 11.1% | 12.9% | 14.7% | 16.3% | 17.7% |
| Net Profit Margin | -3.4% | -3.4% | 2.1% | -22.3% | -15.0% | 2.3% | 7.2% | 8.8% | 8.4% | 8.7% | 13.0% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -2.7% | -2.7% | 1.7% | -15.8% | -9.6% | 1.9% | 5.7% | 7.3% | 8.6% | 17.8% | 25.1% |
| ROA | -1.4% | -1.4% | 0.8% | -7.7% | -5.0% | 1.0% | 2.7% | 3.5% | 3.8% | 6.9% | 10.5% |
| ROIC | 3.5% | 3.5% | 2.4% | -5.9% | -3.2% | 2.0% | 4.1% | 4.9% | 6.7% | 14.8% | 16.2% |
| ROCE | 4.4% | 4.4% | 3.0% | -7.2% | -3.9% | 2.5% | 4.8% | 5.7% | 7.5% | 15.9% | 18.1% |
IFF Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
International Flavors & Fragrances Inc. carries a Debt/EBITDA ratio of 3.4x, which is moderately leveraged (36% above the sector average of 2.5x). Net debt stands at $6.1B ($6.7B total debt minus $590M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.47 | 0.47 | 0.69 | 0.74 | 0.66 | 0.57 | 0.74 | 0.74 | 0.74 | 0.97 | 0.81 |
| Debt / EBITDA | 3.39 | 3.39 | 5.40 | — | — | 7.01 | 5.30 | 4.73 | 6.01 | 2.44 | 2.02 |
| Net Debt / Equity | — | 0.43 | 0.66 | 0.69 | 0.63 | 0.54 | 0.63 | 0.64 | 0.64 | 0.75 | 0.61 |
| Net Debt / EBITDA | 3.09 | 3.09 | 5.14 | — | — | 6.60 | 4.57 | 4.10 | 5.15 | 1.90 | 1.53 |
| Debt / FCF | — | 23.68 | 15.20 | 10.81 | — | 11.04 | 7.79 | 8.87 | 14.78 | 4.86 | 2.36 |
| Interest Coverage | -0.80 | -0.80 | 1.91 | -5.63 | -3.84 | 2.22 | 4.34 | 5.04 | 4.38 | 9.22 | 10.88 |
IFF Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.42x means International Flavors & Fragrances Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 0.82x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 1.67x to 1.42x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.42 | 1.42 | 1.84 | 1.67 | 1.99 | 1.92 | 1.61 | 1.90 | 2.61 | 2.47 | 1.79 |
| Quick Ratio | 0.82 | 0.82 | 1.32 | 0.97 | 1.11 | 1.23 | 1.01 | 1.17 | 1.65 | 1.62 | 1.13 |
| Cash Ratio | 0.15 | 0.15 | 0.11 | 0.19 | 0.13 | 0.20 | 0.34 | 0.39 | 0.56 | 0.48 | 0.36 |
| Asset Turnover | — | 0.43 | 0.40 | 0.37 | 0.35 | 0.29 | 0.38 | 0.39 | 0.31 | 0.74 | 0.78 |
| Inventory Turnover | 3.18 | 3.18 | 3.26 | 2.96 | 2.51 | 3.15 | 2.65 | 2.70 | 2.13 | 2.97 | 2.91 |
| Days Sales Outstanding | — | 67.07 | 62.58 | 66.49 | 63.35 | 69.36 | 80.55 | 72.72 | 111.48 | 94.40 | 81.17 |
IFF Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
International Flavors & Fragrances Inc. returns 2.1% to shareholders annually — split between a 1.9% dividend yield and 0.2% buyback yield.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.9% | 2.4% | 2.4% | 4.0% | 3.0% | 1.8% | 2.6% | 2.1% | 1.9% | 1.7% | 2.0% |
| Payout Ratio | — | — | 211.5% | — | — | 248.9% | 88.4% | 69.1% | 68.8% | 69.7% | 45.7% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 1.1% | — | — | 0.7% | 2.9% | 3.1% | 2.9% | 2.4% | 4.3% |
| FCF Yield | 1.2% | 1.5% | 2.8% | 4.5% | — | 2.8% | 4.2% | 3.1% | 2.2% | 2.2% | 4.5% |
| Buyback Yield | 0.2% | 0.2% | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | 0.5% | 1.4% |
| Total Shareholder Yield | 2.1% | 2.6% | 2.4% | 4.0% | 3.0% | 1.8% | 2.6% | 2.1% | 2.1% | 2.2% | 3.3% |
| Shares Outstanding | — | $256M | $256M | $255M | $255M | $243M | $114M | $113M | $88M | $79M | $80M |
Peer Comparison
Compare IFF with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 IFFYou | $21B | -56.8 | 13.9 | 82.7 | 30.9% | 9.2% | -2.7% | 3.5% | 3.4 |
 SHW | $80B | 31.5 | 21.4 | 30.1 | 48.9% | 16.1% | 59.4% | 16.5% | 3.3 |
 FMC | $2B | -0.8 | — | — | 37.0% | -54.4% | -67.8% | -21.2% | — |
 AVNT | $3B | 42.5 | 12.5 | 17.8 | 32.5% | 6.2% | 3.5% | 3.9% | 4.9 |
 BCPC | $5B | 34.0 | 20.1 | 29.9 | 35.7% | 21.1% | 12.9% | 12.2% | 0.7 |
 SENS | $221M | -3.2 | — | — | 44.7% | -193.8% | -310.7% | -324.5% | — |
 FWRD | $573M | -5.3 | 13.9 | 37.5 | 20.5% | 1.5% | -48.2% | 1.2% | 11.4 |
 TRMK | $3B | 12.1 | 9.5 | 11.4 | 71.0% | 25.5% | 11.0% | 7.1% | 3.4 |
 ARCO | $1B | 9.0 | 5.6 | — | 12.3% | 7.5% | 33.1% | 11.1% | 4.1 |
 ADM | $38B | 35.0 | 17.3 | 8.9 | 6.3% | 1.8% | 4.7% | 3.3% | 3.2 |
 INGR | $7B | 9.5 | 6.0 | 13.1 | 25.3% | 14.0% | 17.7% | 15.1% | 1.4 |
| Basic Materials Median | — | 22.2 | 11.4 | 27.2 | 31.3% | 9.2% | 0.0% | 4.5% | 2.5 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonIFF — Frequently Asked Questions
Quick answers to the most common questions about buying IFF stock.
What is International Flavors & Fragrances Inc.'s P/E ratio?
International Flavors & Fragrances Inc.'s current P/E ratio is -56.8x. The historical average is 29.3x.
What is International Flavors & Fragrances Inc.'s EV/EBITDA?
International Flavors & Fragrances Inc.'s current EV/EBITDA is 13.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.6x.
What is International Flavors & Fragrances Inc.'s ROE?
International Flavors & Fragrances Inc.'s return on equity (ROE) is -2.7%. The historical average is 18.0%.
Is IFF stock overvalued?
Based on historical data, International Flavors & Fragrances Inc. is trading at a P/E of -56.8x. Compare with industry peers and growth rates for a complete picture.
What is International Flavors & Fragrances Inc.'s dividend yield?
International Flavors & Fragrances Inc.'s current dividend yield is 1.93%.
What are International Flavors & Fragrances Inc.'s profit margins?
International Flavors & Fragrances Inc. has 30.9% gross margin and 9.2% operating margin.
How much debt does International Flavors & Fragrances Inc. have?
International Flavors & Fragrances Inc.'s Debt/EBITDA ratio is 3.4x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.