International Flavors & Fragrances Inc. (IFF) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 2.74B | 2.59B | 2.69B | 2.76B | 2.84B | 2.77B | 2.92B | 2.89B | 2.9B | 2.7B | 2.82B | 2.93B | 3.03B | 2.84B | 3.06B | 3.31B | 3.23B | 3.03B | 3.07B | 3.09B |
| Revenue Growth % | -3.59% | -6.57% | -7.9% | -4.33% | -1.93% | 2.52% | 3.72% | -1.37% | -4.23% | -4.96% | -7.93% | -11.43% | -6.17% | -6.17% | -0.26% | 7.06% | 30.87% | 138.65% | 142.19% | 157.63% |
| Cost of Goods Sold | 1.72B | 1.83B | 1.71B | 1.73B | 1.81B | 1.79B | 1.87B | 1.82B | 1.88B | 1.84B | 1.9B | 2B | 2.06B | 1.98B | 2.06B | 2.17B | 2.08B | 2.05B | 1.98B | 2.18B |
| COGS % of Revenue | 62.86% | 70.8% | 63.51% | 62.74% | 63.59% | 64.63% | 64.03% | 63.03% | 64.68% | 68.18% | 67.23% | 68.15% | 68.15% | 69.44% | 67.32% | 65.65% | 64.51% | 67.63% | 64.51% | 70.54% |
| Gross Profit | 1.02B | 756M | 983M | 1.03B | 1.03B | 980M | 1.05B | 1.07B | 1.02B | 860M | 924M | 933M | 964M | 869M | 1B | 1.14B | 1.15B | 981M | 1.09B | 910M |
| Gross Margin % | 37.14% | 29.2% | 36.49% | 37.26% | 36.41% | 35.37% | 35.97% | 36.97% | 35.32% | 31.82% | 32.77% | 31.85% | 31.85% | 30.56% | 32.68% | 34.35% | 35.49% | 32.37% | 35.49% | 29.46% |
| Gross Profit Growth % | -1.64% | -22.86% | -6.56% | -3.56% | 1.07% | 13.95% | 13.85% | 14.47% | 6.22% | -1.04% | -7.69% | -17.87% | -15.81% | -11.42% | -8.17% | 24.84% | 51.86% | 90.96% | 108.02% | 88.8% |
| Operating Expenses | 745M | 591M | 757M | 832M | 1.94B | 853M | 803M | 877M | 825M | 3.4B | 774M | 788M | 833M | 764M | 2.99B | 923M | 804M | 808M | 792M | 800M |
| OpEx % of Revenue | 27.18% | 22.83% | 28.1% | 30.1% | 68.17% | 30.78% | 27.45% | 30.36% | 28.46% | 125.64% | 27.45% | 26.9% | 27.52% | 26.86% | 97.49% | 27.91% | 24.92% | 26.66% | 25.79% | 25.9% |
| Selling, General & Admin | 427M | 417M | 421M | 483M | 461M | 517M | 495M | 493M | 490M | 444M | 444M | 445M | 454M | 440M | 413M | 456M | 459M | 450M | 436M | 412M |
| SG&A % of Revenue | 15.58% | 16.11% | 15.63% | 17.47% | 16.22% | 18.66% | 16.92% | 17.06% | 16.9% | 16.43% | 15.74% | 15.19% | 15% | 15.47% | 13.48% | 13.79% | 14.23% | 14.85% | 14.2% | 13.34% |
| Research & Development | 166M | 174M | 174M | 182M | 164M | 170M | 162M | 173M | 166M | 157M | 157M | 161M | 161M | 143M | 145M | 158M | 157M | 166M | 156M | 164M |
| R&D % of Revenue | 6.06% | 6.72% | 6.46% | 6.58% | 5.77% | 6.13% | 5.54% | 5.99% | 5.73% | 5.81% | 5.57% | 5.5% | 5.32% | 5.03% | 4.73% | 4.78% | 4.87% | 5.48% | 5.08% | 5.31% |
| Other Operating Expenses | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 273M | 165M | 226M | 198M | -903M | 127M | 249M | 191M | 199M | -2.54B | 150M | 145M | 131M | 105M | -1.99B | 213M | 341M | 173M | 298M | 110M |
| Operating Margin % | 9.96% | 6.37% | 8.39% | 7.16% | -31.76% | 4.58% | 8.51% | 6.61% | 6.86% | -93.82% | 5.32% | 4.95% | 4.33% | 3.69% | -64.81% | 6.44% | 10.57% | 5.71% | 9.7% | 3.56% |
| Operating Income Growth % | 130.23% | 29.92% | -9.24% | 3.66% | -553.77% | 105.01% | 66% | 31.72% | 51.91% | -2515.24% | 107.56% | -31.92% | -61.58% | -39.31% | -766.11% | 93.64% | 8425% | 71.96% | 98.67% | -8.33% |
| EBITDA | 419M | 402M | 473M | 440M | -667M | 370M | 497M | 437M | 477M | -2.25B | 442M | 432M | 407M | 387M | -1.69B | 514M | 644M | 468M | 595M | 432M |
| EBITDA Margin % | 15.29% | 15.53% | 17.56% | 15.92% | -23.46% | 13.35% | 16.99% | 15.13% | 16.45% | -83.2% | 15.67% | 14.75% | 13.45% | 13.61% | -55.24% | 15.54% | 19.96% | 15.44% | 19.37% | 13.99% |
| EBITDA Growth % | 162.82% | 8.65% | -4.83% | 0.69% | -239.83% | 116.45% | 12.44% | 1.16% | 17.2% | -681.14% | 126.12% | -15.95% | -36.8% | -17.31% | -384.37% | 18.98% | 161.79% | 156.6% | 155.36% | 116% |
| D&A (Non-Cash Add-back) | 146M | 237M | 247M | 242M | 236M | 243M | 248M | 246M | 278M | 287M | 292M | 287M | 276M | 282M | 293M | 301M | 303M | 295M | 297M | 322M |
| EBIT | 293M | 71M | 104M | 595M | -923M | -46M | 169M | 262M | 198M | -2.6B | 149M | 151M | 114M | 99M | -1.95B | 207M | 357M | 187M | 324M | 121M |
| Net Interest Income | -44M | -49M | -48M | -61M | -71M | -69M | -74M | -79M | -83M | -43M | -90M | -101M | -100M | -104M | -83M | -77M | -72M | -73M | -74M | -77M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 44M | 49M | 48M | 61M | 71M | 69M | 74M | 79M | 83M | 43M | 90M | 101M | 100M | 104M | 83M | 77M | 72M | 73M | 74M | 77M |
| Other Income/Expense | -64M | -143M | -170M | 336M | -91M | -242M | -154M | -8M | -84M | -105M | -91M | -95M | -117M | -110M | -50M | -83M | -56M | -59M | -48M | -66M |
| Pretax Income | 209M | 22M | 56M | 534M | -994M | -115M | 95M | 183M | 115M | -2.64B | 59M | 50M | 14M | -5M | -2.04B | 130M | 285M | 114M | 250M | 44M |
| Pretax Margin % | 7.63% | 0.85% | 2.08% | 19.32% | -34.96% | -4.15% | 3.25% | 6.33% | 3.97% | -97.71% | 2.09% | 1.71% | 0.46% | -0.18% | -66.44% | 3.93% | 8.83% | 3.76% | 8.14% | 1.42% |
| Income Tax | 39M | 4M | 15M | -78M | 23M | -69M | 35M | 11M | 54M | -32M | 32M | 23M | 22M | 19M | 160M | 21M | 39M | 22M | 53M | 14M |
| Effective Tax Rate % | 18.66% | 18.18% | 26.79% | -14.61% | -2.31% | 60% | 36.84% | 6.01% | 46.96% | 1.21% | 54.24% | 46% | 157.14% | -380% | -7.86% | 16.15% | 13.68% | 19.3% | 21.2% | 31.82% |
| Net Income | 169M | 18M | 40M | 612M | -1.02B | -46M | 59M | 170M | 60M | -2.61B | 25M | 27M | -9M | -25M | -2.2B | 107M | 244M | 88M | 193M | 28M |
| Net Margin % | 6.17% | 0.7% | 1.48% | 22.14% | -35.81% | -1.66% | 2.02% | 5.88% | 2.07% | -96.45% | 0.89% | 0.92% | -0.3% | -0.88% | -71.69% | 3.24% | 7.56% | 2.9% | 6.28% | 0.91% |
| Net Income Growth % | 116.6% | 139.13% | -32.2% | 260% | -1796.67% | 98.24% | 136% | 529.63% | 766.67% | -10328% | 101.14% | -74.77% | -103.69% | -128.41% | -1237.82% | 282.14% | 667.44% | 36.59% | 127.06% | -67.82% |
| Net Income (Continuing) | 170M | 18M | 41M | 612M | -1.02B | -46M | 60M | 172M | 61M | -2.61B | 27M | 27M | -8M | -24M | -2.19B | 109M | 246M | 92M | 197M | 30M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 33M | 32M | 32M | 32M | 36M | 35M | 35M | 37M | 35M | 31M | 91M | 93M | 91M | 89M | 102M | 119M | 133M | 140M | 152M | 139M |
| EPS (Diluted) | 0.66 | 0.07 | 0.16 | 2.38 | -3.98 | -0.18 | 0.23 | 0.66 | 0.23 | -10.24 | 0.10 | 0.11 | -0.03 | 0.02 | -8.61 | 0.43 | 0.96 | 0.35 | 0.76 | 0.11 |
| EPS Growth % | 116.58% | 138.89% | -30.43% | 260.61% | -1830.43% | 98.24% | 135.41% | 500% | 832.48% | -65322.93% | 101.13% | -74.42% | -103.27% | -95.51% | -1232.89% | 290.91% | 580% | -38.6% | 1.33% | -85.14% |
| EPS (Basic) | 0.66 | 0.07 | 0.16 | 2.39 | -3.98 | -0.18 | 0.23 | 0.67 | 0.24 | -10.24 | 0.10 | 0.11 | -0.03 | 0.02 | -8.61 | 0.43 | 0.96 | 0.35 | 0.76 | 0.11 |
| Diluted Shares Outstanding | 257M | 257M | 257M | 257M | 256M | 256M | 257M | 256M | 256M | 255M | 256M | 255M | 255M | 255M | 255M | 255M | 255M | 255M | 255M | 255M |
| Basic Shares Outstanding | 256M | 256M | 256M | 256M | 256M | 256M | 256M | 255M | 255M | 255M | 255M | 255M | 255M | 255M | 255M | 255M | 255M | 255M | 254M | 254M |
| Dividend Payout Ratio | 60.36% | 572.22% | 255% | 16.67% | - | - | 172.88% | 60% | 345% | - | 824% | 766.67% | - | - | - | 187.85% | 82.38% | 228.41% | 99.48% | 685.71% |