International Flavors & Fragrances Inc. (IFF) Key Metrics
IFF valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $23.15B
- Enterprise value
- $27.54B
- P/E (TTM)
- 89.8 10-yr median 35.4
- Forward P/E
- 17.7
- PEG ratio
- 1.77
- Price / sales
- 2.1 10-yr median 2.6
- Price / book
- 1.6 10-yr median 1.8
- EV / EBITDA
- 60.3 10-yr median 18.9
- Dividend yield
- 1.76% $1.60 a year
- Beta
- 0.93
IFF key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsIFF valuation Price multiples at each fiscal year-end price.
IFF returns How much profit the business earns on the capital it uses.
IFF per-share figures Results divided by the shares outstanding at year-end.
IFF financial health Debt, liquidity and how easily interest is covered.
IFF efficiency & capital use Working capital cycle and where the cash goes.
IFF valuation history
IFF returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
IFF debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
IFF cash returned to shareholders
IFF price vs earnings per share
IFF key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $17.25B | $21.64B | $20.65B | $26.73B | $36.61B | $12.37B | $14.62B | $11.83B | $12.11B | $9.42B |
| Enterprise value | $23.31B | $30.80B | $30.77B | $37.22B | $48.10B | $16.44B | $18.69B | $15.75B | $13.38B | $10.43B |
| P/E ratio | — | 89.1 | — | — | 136.6 | 33.9 | 32.2 | 35.4 | 41.0 | 23.3 |
| Price / sales | 1.6 | 1.9 | 1.8 | 2.1 | 3.1 | 2.4 | 2.8 | 3.0 | 3.6 | 3.0 |
| Price / book | 1.2 | 1.6 | 1.4 | 1.5 | 1.7 | 2.0 | 2.4 | 2.0 | 7.2 | 5.8 |
| Price / free cash flow | 67.4 | 36.0 | 22.1 | — | 35.2 | 23.7 | 32.0 | 44.8 | 46.3 | 22.2 |
| Price / operating cash flow | 20.3 | 20.2 | 14.3 | 77.5 | 25.5 | 17.3 | 20.9 | 27.0 | 31.0 | 17.1 |
| EV / sales | 2.1 | 2.7 | 2.7 | 3.0 | 4.1 | 3.2 | 3.6 | 4.0 | 3.9 | 3.3 |
| EV / EBITDA | 29.9 | 19.3 | — | — | 26.7 | 18.3 | 18.4 | 20.9 | 18.6 | 15.4 |
| EV / free cash flow | 91.1 | 51.2 | 32.9 | — | 46.2 | 31.5 | 40.9 | 59.6 | 51.1 | 24.6 |
| Earnings yield | −2.1% | 1.1% | −12.4% | −7.0% | 0.7% | 3.0% | 3.1% | 2.8% | 2.4% | 4.3% |
| Free cash flow yield | 1.5% | 2.8% | 4.5% | −0.6% | 2.8% | 4.2% | 3.1% | 2.2% | 2.2% | 4.5% |
| Dividend yield | 2.4% | 2.4% | 4.0% | 3.0% | 1.8% | 2.6% | 2.1% | 1.9% | 1.7% | 2.0% |
| Shareholder yield (dividends + buybacks) | 2.6% | 2.4% | 4.1% | 3.1% | 1.8% | 2.8% | 2.2% | 2.1% | 2.2% | 3.3% |
| Share price at fiscal year-end | $67.39 | $84.55 | $80.97 | $104.84 | $150.65 | $108.84 | $129.02 | $134.27 | $152.61 | $117.83 |
| Per share | ||||||||||
| Revenue per share | $42.54 | $44.86 | $45.02 | $48.78 | $47.97 | $44.74 | $45.36 | $45.14 | $42.82 | $38.96 |
| Earnings per share | −$1.41 | $0.95 | −$10.06 | −$7.33 | $1.10 | $3.21 | $4.01 | $3.80 | $3.73 | $5.06 |
| Operating cash flow per share | $3.32 | $4.18 | $5.64 | $1.35 | $5.91 | $6.28 | $6.17 | $4.97 | $4.92 | $6.88 |
| Free cash flow per share | $1.00 | $2.35 | $3.67 | −$0.63 | $4.28 | $4.60 | $4.03 | $3.00 | $3.30 | $5.30 |
| Cash per share | $2.30 | $1.83 | $2.76 | $1.93 | $2.93 | $5.72 | $5.36 | $7.20 | $4.64 | $4.05 |
| Book value per share | $55.29 | $54.20 | $57.30 | $69.78 | $86.76 | $55.54 | $54.87 | $68.46 | $21.22 | $20.33 |
| Tangible book value per share | −$0.62 | −$6.44 | −$17.18 | −$18.21 | −$24.02 | −$17.68 | −$18.82 | −$27.06 | $1.41 | $3.25 |
| Dividends per share | $1.60 | $2.01 | $3.24 | $3.18 | $2.74 | $2.84 | $2.77 | $2.61 | $2.60 | $2.31 |
| Capex per share | $2.32 | $1.83 | $1.97 | $1.98 | $1.63 | $1.69 | $2.14 | $1.97 | $1.62 | $1.58 |
| Debt per share | $25.98 | $37.58 | $42.44 | $43.07 | $50.20 | $41.59 | $41.29 | $51.67 | $20.65 | $16.57 |
| Shares outstanding | 256.0M | 256.0M | 255.0M | 255.0M | 243.0M | 113.6M | 113.3M | 88.1M | 79.4M | 80.0M |
| Change in shares outstanding | 0.0% | +0.4% | 0.0% | +4.9% | +113.9% | +0.3% | +28.6% | +11.0% | −0.8% | −1.1% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −2.6% | 1.7% | −15.8% | −9.6% | 2.0% | 5.8% | 7.4% | 8.7% | 17.9% | 25.2% |
| Return on invested capital (ROIC) | 3.1% | 2.9% | −6.3% | −3.4% | 2.1% | 4.6% | 5.4% | 6.9% | 10.9% | 16.8% |
| Return on assets (ROA) | −1.3% | 0.8% | −7.7% | −5.0% | 1.0% | 2.7% | 3.5% | 3.8% | 6.9% | 10.5% |
| Return on tangible assets | −3.2% | 1.8% | −21.4% | −14.4% | 2.1% | 7.0% | 9.2% | 7.5% | 9.8% | 15.3% |
| Free cash flow margin | 2.4% | 5.2% | 8.2% | −1.3% | 8.9% | 10.3% | 8.9% | 6.6% | 7.7% | 13.6% |
| Income quality (OCF / net income) | — | 4.40 | — | — | 5.36 | 1.96 | 1.54 | 1.31 | 1.32 | 1.36 |
| Financial health | ||||||||||
| Total debt | $6.65B | $9.62B | $10.82B | $10.98B | $12.20B | $4.73B | $4.68B | $4.55B | $1.64B | $1.33B |
| Cash & short-term investments | $590.0M | $469.0M | $703.0M | $493.0M | $711.0M | $650.0M | $606.8M | $634.9M | $368.0M | $324.0M |
| Net debt | $6.06B | $9.15B | $10.12B | $10.49B | $11.49B | $4.08B | $4.07B | $3.92B | $1.27B | $1.00B |
| Debt / equity | 0.47 | 0.69 | 0.74 | 0.62 | 0.58 | 0.75 | 0.75 | 0.75 | 0.97 | 0.81 |
| Debt / assets | 0.26 | 0.34 | 0.35 | 0.31 | 0.31 | 0.35 | 0.35 | 0.35 | 0.36 | 0.33 |
| Net debt / EBITDA | 7.78 | 5.73 | — | — | 6.39 | 4.54 | 4.00 | 5.20 | 1.76 | 1.47 |
| Current ratio | 1.42 | 1.84 | 1.67 | 1.99 | 1.92 | 1.61 | 1.90 | 2.61 | 2.47 | 1.79 |
| Quick ratio | 0.82 | 1.32 | 0.97 | 1.15 | 1.23 | 1.01 | 1.17 | 1.65 | 1.62 | 1.13 |
| Interest coverage | 3.7 | 2.5 | -5.6 | -3.9 | 2.0 | 4.3 | 4.8 | 4.4 | 8.5 | 10.4 |
| Working capital | $1.66B | $3.66B | $2.54B | $3.69B | $3.35B | $1.16B | $1.39B | $1.81B | $1.13B | $710.7M |
| Invested capital | $20.21B | $23.03B | $24.73B | $28.28B | $32.57B | $10.39B | $10.29B | $9.95B | $2.96B | $2.63B |
| Tangible asset value | −$126.0M | −$1.61B | −$4.35B | −$4.64B | −$5.70B | −$1.90B | −$2.02B | −$2.29B | $117.2M | $265.2M |
| Net current asset value | −$5.76B | −$6.76B | −$10.04B | −$10.16B | −$11.45B | −$4.08B | −$4.02B | −$3.82B | −$1.01B | −$776.8M |
| Graham number | — | $34.02 | — | — | $46.40 | $63.36 | $70.33 | $76.46 | $42.17 | $48.13 |
| Graham net-net per share | −$31.56 | −$45.63 | −$49.98 | −$55.55 | −$60.93 | −$44.69 | −$44.33 | −$53.10 | −$19.62 | −$15.58 |
| Capital allocation | ||||||||||
| Dividends paid | $409.0M | $514.0M | $826.0M | $810.0M | $667.0M | $322.6M | $314.0M | $230.2M | $206.1M | $184.9M |
| Share buybacks (net) | $38.0M | $16.0M | $13.0M | $21.0M | $9.0M | $21.6M | $11.0M | $15.5M | $58.1M | $127.4M |
| Dividend payout ratio | — | 211.5% | — | — | 248.9% | 88.4% | 69.2% | 68.8% | 69.7% | 45.7% |
| Dividends + buybacks / free cash flow | 174.6% | 88.0% | 89.6% | — | 65.0% | 65.9% | 71.1% | 93.0% | 100.9% | 73.7% |
| Capex / revenue | 5.5% | 4.1% | 4.4% | 4.1% | 3.4% | 3.8% | 4.7% | 4.4% | 3.8% | 4.1% |
| Capex / operating cash flow | 69.9% | 43.7% | 35.0% | 146.7% | 27.6% | 26.9% | 34.6% | 39.6% | 33.0% | 23.0% |
| Capex / depreciation | 0.62 | 0.46 | 0.44 | 0.43 | 0.34 | 0.59 | 0.75 | 1.00 | 1.09 | 1.23 |
| Stock-based compensation / revenue | 0.8% | 0.7% | 0.6% | 0.4% | 0.5% | 0.7% | 0.7% | 0.7% | 0.8% | 0.8% |
| R&D / revenue | 6.4% | 5.8% | 5.5% | 4.8% | 5.4% | 7.0% | 6.7% | 7.8% | 8.7% | 8.3% |
| SG&A / revenue | 16.8% | 17.4% | 15.5% | 14.2% | 15.0% | 19.0% | 17.0% | 17.8% | 16.4% | 18.2% |
| Efficiency | ||||||||||
| Days sales outstanding | 66.5 | 64.5 | 62.1 | 59.2 | 52.2 | 77.0 | 79.5 | 96.1 | 84.4 | 80.6 |
| Days of inventory on hand | 121.3 | 121.4 | 135.5 | 124.8 | 84.0 | 137.3 | 132.7 | 137.4 | 117.6 | 123.5 |
| Days payables outstanding | 67.5 | 66.0 | 65.4 | 65.0 | 48.1 | 64.9 | 59.2 | 64.4 | 58.1 | 59.4 |
| Cash conversion cycle (days) | 120.3 | 119.9 | 132.2 | 119.0 | 88.2 | 149.4 | 153.0 | 169.1 | 144.0 | 144.6 |
| Receivables turnover | 5.49 | 5.66 | 5.87 | 6.17 | 6.99 | 4.74 | 4.59 | 3.80 | 4.32 | 4.53 |
| Payables turnover | 5.41 | 5.53 | 5.58 | 5.62 | 7.59 | 5.62 | 6.17 | 5.67 | 6.28 | 6.14 |
| Inventory turnover | 3.01 | 3.01 | 2.69 | 2.93 | 4.34 | 2.66 | 2.75 | 2.66 | 3.10 | 2.96 |
| Asset turnover | 0.40 | 0.39 | 0.35 | 0.33 | 0.44 | 0.38 | 0.39 | 0.45 | 0.79 | 0.81 |
| Average receivables | $1.99B | $2.03B | $1.95B | $2.02B | $1.67B | $1.07B | $1.12B | $1.05B | $786.0M | $688.0M |
| Average payables | $1.28B | $1.33B | $1.40B | $1.48B | $1.04B | $533.2M | $490.9M | $404.8M | $306.5M | $280.2M |
| Average inventory | $2.31B | $2.45B | $2.89B | $2.83B | $1.82B | $1.13B | $1.10B | $864.0M | $620.7M | $582.0M |
| Intangibles / total assets | 56.0% | 54.2% | 61.3% | 63.4% | 67.9% | 61.4% | 62.8% | 65.3% | 34.2% | 34.0% |
Computed from IFF's annual financial statements (latest annual report filed February 27, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
IFF valuation and financial ratios
Based on the latest twelve months, the trailing P/E is 89.8 and the forward P/E is 17.7. IFF earned a return on equity of −2.6% and a return on invested capital of 3.1% in fiscal 2025. It ended the year with $6.7 billion of debt and $590.0 million in cash and short-term investments, net debt of $6.1 billion. It returned $447.0 million to shareholders: $409.0 million in dividends and $38.0 million in share buybacks, 175% of free cash flow. The share count rose 220.1% from 80.0M to 256.0M over 9 years.
See the IFF income statement, the IFF chart for price history, or the IFF stock overview for the latest quote and news.
IFF key metrics FAQ
What is IFF's P/E ratio?
IFF's trailing P/E ratio is 89.8 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 17.7. At the end of fiscal 2025 it was —, compared with a 10-year median of 35.4.
What is IFF's EV/EBITDA?
IFF's enterprise value was 29.9 times EBITDA at the end of fiscal 2025 (enterprise value $23.3 billion, EBITDA $779.0 million); the current EV/EBITDA is 60.3.
What is IFF's return on equity?
IFF's return on equity (ROE) was −2.6% in fiscal 2025: net income of -$361.0 million on average shareholders' equity of $14.0 billion.
What is IFF's ROIC?
IFF's return on invested capital was 3.1% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does IFF have?
IFF had total debt of $6.7 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.47 and $6.1 billion of net debt (7.78 times EBITDA).
What is IFF's dividend yield?
IFF's forward dividend yield is 1.76%. IFF paid $409.0 million in dividends in fiscal 2025 ($1.60 per share), a payout ratio of —.
Does IFF buy back its shares?
Yes. IFF spent $38.0 million on net share repurchases in fiscal 2025 Shares outstanding changed 0.0% over the year, to 256.0M..
What is IFF's free cash flow yield?
IFF generated $256.0 million of free cash flow in fiscal 2025, a free cash flow yield of 1.5% on its market value at year-end ($17.3 billion).
What is IFF's current ratio?
IFF's current ratio was 1.42 at the end of fiscal 2025: current assets were 1.42 times current liabilities.