International Flavors & Fragrances Inc
IFF—
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International Flavors & Fragrances Inc AI Insights
Informational only. Not investment advice.Snapshot
- Goodwill of 8.3B is 58% of equity and intangibles total 14.4B - tangible book value is NEGATIVE (-206M), creating impairment risk[Goodwill]
- Net income TTM of -472M despite 879M operating income - 249M interest expense and restructuring charges consuming profits[Net Income TTM]
- FCF of 353M TTM on 11.1B revenue (3.2% margin) while carrying 6.7B debt - limited financial flexibility[Free Cash Flow TTM]
Watch Triggers
- Goodwill: Any impairment charge announced — 8.3B goodwill vs 14.2B equity - even 20% writedown erases 12% of book value
- Operating Margin TTM: Falls below 6% — Current 7.9% barely covers interest; margin compression triggers covenant concerns
- Free Cash Flow TTM: Drops below 250M — Current 353M covers 102M dividend + debt service; lower FCF forces dividend cut
Bull Case
Specialty ingredients leader with 11.1B revenue and 36% gross margin - scale advantages in fragmented industry with high switching costs
Total Revenue TTMGross Margin TTM
EPS 3Y CAGR of 40.5% signals turnaround underway; debt paydown of 500M annually accelerates path to positive net income
EPS Growth 3Y TTMNet Long Term Debt Issuance
Bear Case
Negative tangible book (-206M) with 14.4B intangibles means 56% of assets are goodwill/intangibles - any impairment devastates equity
Tangible Book ValueGoodwill and Other Intangible Assets
Interest expense of 249M on 6.7B debt consumes 28% of operating income; refinancing risk if rates stay elevated
Interest Expense TTMTotal Debt
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
40%
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Forward Thesis
Debt reduction and margin recovery should drive return to profitability within 12-18 months
1-3ymed
- 500M net LT debt repayment TTM reducing interest burden
- Operating margin 7.9% positive despite net loss
- R&D of 690M (6.2% of revenue) supporting pricing power
Operating income 879M TTM vs net loss -472MDebt/equity 0.47 manageable vs industryEPS 3Y CAGR +40.5% showing recovery trajectory
Valuation Context
Caveats
Public Strategies Rankings
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IFF Fundamentals
Manufacturing → Chemical Manufacturing
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$17.91B | — | ||
$23.94B | — | ||
0.00 | — | ||
$10.89B | -5.2% | — | |
$-1.41 | +50.0% | — | |
7.73% | +0.3% | — | |
-3.31% | -5.4% | — | |
$254.0M | -57.8% | — | |
-2.58% | -4.3% | — | |
Beta 5Y (Monthly) | unknown | — |
IFF Dividend History
105 dividends
2026
$0.400003/20/26$0.4000
2025
$1.600012/19/25$0.4000
09/29/25$0.4000
06/20/25$0.4000
03/21/25$0.4000
2024
$1.600012/20/24$0.4000
09/20/24$0.4000
06/21/24$0.4000
03/21/24$0.4000
2023
$3.240012/27/23$0.8100
09/21/23$0.8100
06/22/23$0.8100
03/23/23$0.8100
2022
$3.200012/27/22$0.8100
09/22/22$0.8100
06/23/22$0.7900
03/24/22$0.7900
2021
$3.120012/27/21$0.7900
09/23/21$0.7900
06/24/21$0.7700
03/25/21$0.7700
2020
$3.040012/24/20$0.7700
09/23/20$0.7700
06/24/20$0.7500
03/25/20$0.7500
2019
$2.960012/26/19$0.7500
09/20/19$0.7500
06/21/19$0.7300
03/22/19$0.7300
2018
$2.840012/27/18$0.7300
09/21/18$0.7300
06/22/18$0.6900
03/23/18$0.6900
2017
$2.660012/28/17$0.6900
09/22/17$0.6900
06/22/17$0.6400
03/23/17$0.6400
2016
$2.400012/23/16$0.6400
09/22/16$0.6400
06/23/16$0.5600
03/23/16$0.5600
2015
$2.060012/23/15$0.5600
09/23/15$0.5600
06/24/15$0.4700
03/25/15$0.4700
2014
$1.720012/26/14$0.4700
09/23/14$0.4700
06/24/14$0.3900
03/25/14$0.3900
2013
$1.460012/24/13$0.3900
09/24/13$0.3900
06/25/13$0.3400
03/19/13$0.3400
2012
$1.300012/19/12$0.3400
09/17/12$0.3400
06/22/12$0.3100
03/19/12$0.3100
2011
$1.160012/23/11$0.3100
09/19/11$0.3100
06/20/11$0.2700
03/21/11$0.2700
2010
$1.040012/27/10$0.2700
09/20/10$0.2700
06/21/10$0.2500
03/22/10$0.2500
2009
$1.000012/17/09$0.2500
09/17/09$0.2500
06/18/09$0.2500
03/18/09$0.2500
2008
$0.960012/17/08$0.2500
09/16/08$0.2500
06/17/08$0.2300
03/18/08$0.2300
2007
$0.880012/19/07$0.2300
09/18/07$0.2300
06/19/07$0.2100
03/20/07$0.2100
2006
$0.765012/19/06$0.2100
09/19/06$0.1850
06/20/06$0.1850
03/17/06$0.1850
2005
$0.730012/20/05$0.1850
09/20/05$0.1850
06/21/05$0.1850
03/18/05$0.1750
2004
$0.685012/21/04$0.1750
09/21/04$0.1750
06/22/04$0.1750
03/19/04$0.1600
2003
$0.630012/19/03$0.1600
09/23/03$0.1600
06/24/03$0.1600
03/24/03$0.1500
2002
$0.600012/20/02$0.1500
09/24/02$0.1500
06/24/02$0.1500
03/22/02$0.1500
2001
$0.600012/20/01$0.1500
09/24/01$0.1500
06/22/01$0.1500
03/22/01$0.1500
2000
$1.290012/20/00$0.1500
09/22/00$0.3800
06/22/00$0.3800
03/22/00$0.3800
IFF Stock Splits
No stock splits
IFF SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
02/27/26 | 12/31/25 | 10-K | |
11/04/25 | 09/30/25 | 10-Q | |
08/05/25 | 06/30/25 | 10-Q | |
05/06/25 | 03/31/25 | 10-Q | |
02/28/25 | 12/31/24 | Unknown | |
11/05/24 | 09/30/24 | 10-Q | |
08/06/24 | 06/30/24 | 10-Q | |
05/06/24 | 03/31/24 | 10-Q | |
02/28/24 | 12/31/23 | 10-K | |
11/08/23 | 09/30/23 | 10-Q | |
08/09/23 | 06/30/23 | 10-Q | |
05/10/23 | 03/31/23 | 10-Q | |
02/27/23 | 12/31/22 | 10-K | |
11/07/22 | 09/30/22 | 10-Q | |
08/08/22 | 06/30/22 | 10-Q | |
05/09/22 | 03/31/22 | 10-Q | |
02/28/22 | 12/31/21 | 10-K | |
11/08/21 | 09/30/21 | 10-Q | |
08/05/21 | 06/30/21 | 10-Q | |
05/10/21 | 03/31/21 | 10-Q | |
02/22/21 | 12/31/20 | 10-K | |
11/09/20 | 09/30/20 | 10-Q | |
08/10/20 | 06/30/20 | 10-Q | |
05/11/20 | 03/31/20 | 10-Q | |
03/03/20 | 12/31/19 | 10-K | |
11/04/19 | 09/30/19 | 10-Q | |
08/05/19 | 06/30/19 | 10-Q | |
05/06/19 | 03/31/19 | 10-Q | |
02/26/19 | 12/31/18 | 10-K | |
11/05/18 | 09/30/18 | 10-Q | |
08/07/18 | 06/30/18 | 10-Q | |
05/07/18 | 03/31/18 | 10-Q | |
02/27/18 | 12/31/17 | 10-K | |
11/07/17 | 09/30/17 | 10-Q | |
08/08/17 | 06/30/17 | 10-Q | |
05/08/17 | 03/31/17 | 10-Q | |
02/28/17 | 12/31/16 | 10-K | |
11/07/16 | 09/30/16 | 10-Q | |
08/08/16 | 06/30/16 | 10-Q | |
05/09/16 | 03/31/16 | 10-Q | |
03/01/16 | 12/31/15 | 10-K | |
11/09/15 | 09/30/15 | 10-Q | |
08/10/15 | 06/30/15 | 10-Q | |
05/12/15 | 03/31/15 | 10-Q | |
03/02/15 | 12/31/14 | 10-K | |
11/04/14 | 09/30/14 | 10-Q | |
08/05/14 | 06/30/14 | 10-Q | |
05/06/14 | 03/31/14 | 10-Q | |
02/25/14 | 12/31/13 | 10-K | |
11/05/13 | 09/30/13 | 10-Q | |
08/06/13 | 06/30/13 | 10-Q | |
05/07/13 | 03/31/13 | 10-Q | |
02/26/13 | 12/31/12 | 10-K | |
11/06/12 | 09/30/12 | 10-Q | |
08/08/12 | 06/30/12 | 10-Q | |
05/08/12 | 03/31/12 | 10-Q | |
02/28/12 | 12/31/11 | 10-K | |
11/08/11 | 09/30/11 | 10-Q | |
08/09/11 | 06/30/11 | 10-Q | |
05/10/11 | 03/31/11 | 10-Q | |
02/24/11 | 12/31/10 | 10-K | |
11/04/10 | 09/30/10 | 10-Q | |
08/05/10 | 06/30/10 | 10-Q | |
05/06/10 | 03/31/10 | 10-Q | |
02/25/10 | 12/31/09 | 10-K | |
11/04/09 | 09/30/09 | 10-Q | |
08/05/09 | 06/30/09 | 10-Q | |
04/30/09 | 03/31/09 | 10-Q | |
02/26/09 | 12/31/08 | 10-K | |
10/30/08 | 09/30/08 | 10-Q | |
07/30/08 | 06/30/08 | 4 | |
05/01/08 | 03/30/08 | Unknown | -- |
02/27/08 | 12/31/07 | 10-K | |
10/31/07 | 09/30/07 | 10-Q | |
08/07/07 | 06/30/07 | 10-Q | |
05/03/07 | 03/30/07 | Unknown | -- |
02/23/07 | 12/31/06 | 10-K | |
09/30/06 | 09/30/06 | Unknown | -- |
08/07/06 | 06/30/06 | 8-K | |
05/08/06 | 03/30/06 | Unknown | -- |
03/13/06 | 12/31/05 | 10-K | |
11/09/05 | 09/30/05 | 10-Q | |
08/05/05 | 06/30/05 | 10-Q | |
05/05/05 | 03/30/05 | Unknown | -- |
03/14/05 | 12/31/04 | 10-K | |
11/09/04 | 09/30/04 | 10-Q | |
08/06/04 | 06/30/04 | 10-Q | |
05/07/04 | 03/30/04 | Unknown | -- |
03/11/04 | 12/31/03 | 10-K | |
11/12/03 | 09/30/03 | 4 | |
08/12/03 | 06/30/03 | 10-Q | |
05/13/03 | 03/30/03 | Unknown | -- |
03/25/03 | 12/31/02 | 10-K | |
11/12/02 | 09/30/02 | 10-Q | |
08/12/02 | 06/30/02 | 10-Q | |
05/10/02 | 03/30/02 | Unknown | -- |
03/27/02 | 12/31/01 | 10-K | |
11/14/01 | 09/30/01 | 10-Q | |
08/14/01 | 06/30/01 | 10-Q | |
05/15/01 | 03/30/01 | Unknown | -- |
03/30/01 | 12/31/00 | 10-K | |
11/14/00 | 09/30/00 | 10-Q | |
08/15/00 | 06/30/00 | 10-Q | |
05/15/00 | 03/30/00 | Unknown | -- |