financial statements

The full income statement, balance sheet, and cash-flow statement for International Flavors & Fragrances Inc. (IFF), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	10.9B YoY-5.2%	11.5B YoY+0.0%	11.5B YoY-7.7%	12.4B YoY+6.7%	11.7B YoY+129.3%
	3.94B YoY-4.5%	4.12B YoY+12.0%	3.68B YoY-11.3%	4.15B YoY+11.1%	3.73B YoY+79.1%
Cost of revenue	6.95B YoY-5.5%	7.36B YoY-5.6%	7.80B YoY-5.9%	8.29B YoY+4.6%	7.92B YoY+164.2%
Research & development	694M YoY+3.4%	671M YoY+5.5%	636M YoY+5.5%	603M YoY-4.1%	629M YoY+76.2%
Selling, general & administrative	1.83B YoY-8.1%	2.00B YoY+11.6%	1.79B YoY+1.1%	1.77B YoY+1.1%	1.75B YoY+84.3%
Restructuring	70.0M YoY+141.4%	29.0M YoY-57.4%	68.0M YoY+466.7%	12.0M YoY-70.7%	41.0M YoY+141.2%
Amortization of intangibles	568M YoY-6.9%	610M YoY-10.3%	680M YoY-6.5%	727M YoY-0.7%	732M YoY+279.3%
Provision for credit losses	6.00M YoY+250.0%	-4.00M YoY-144.4%	9.00M YoY-52.6%	19.0M YoY+216.7%	6.00M YoY+1.4%
Operating income	-382M YoY-149.9%	766M YoY+136.3%	-2.11B YoY-59.1%	-1.33B YoY-326.7%	585M YoY+3.4%
Interest expense	229M YoY-24.9%	305M YoY-19.7%	380M YoY+13.1%	336M YoY+16.3%	289M YoY+118.9%
Interest & investment income	19.0M YoY+26.7%	15.0M YoY+200.0%	5.00M YoY-66.7%	15.0M YoY+87.5%	8.00M
Other non-operating income	-65.0M YoY+64.3%	-182M YoY-3540.0%	-5.00M YoY-119.2%	26.0M YoY-55.2%	58.0M YoY+728.6%
Pre-tax income	-412M YoY-233.8%	308M YoY+112.2%	-2.52B YoY-55.0%	-1.63B YoY-559.0%	354M YoY-19.7%
Income tax	-53.0M YoY-229.3%	41.0M YoY-40.6%	69.0M YoY-71.1%	239M YoY+218.7%	75.0M YoY+1.4%
	-359M YoY-234.5%	267M YoY+110.3%	-2.59B YoY-38.8%	-1.86B YoY-768.1%	279M YoY-24.0%
Net income to non-controlling interest	2.00M YoY-50.0%	4.00M YoY+0.0%	4.00M YoY-42.9%	7.00M YoY-22.2%	9.00M YoY+125.0%
Net income to common	-361M YoY-237.3%	263M YoY+110.2%	-2.59B YoY-38.5%	-1.87B YoY-793.0%	270M YoY-25.6%
	-$1.41 YoY-235.6%	$1.04 YoY+110.3%	-$10.14 YoY-38.5%	-$7.32 YoY-765.5%	$1.10 YoY-65.7%
EPS (basic)	-$1.41 YoY-235.6%	$1.04 YoY+110.3%	-$10.14 YoY-38.5%	-$7.32 YoY-759.5%	$1.11 YoY-65.8%
Weighted-avg shares (basic)	256M YoY+0.0%	256M YoY+0.4%	255M YoY+0.0%	255M YoY+4.9%	243M YoY+117.0%
Weighted-avg shares (diluted)	256M YoY+0.0%	256M YoY+0.4%	255M YoY+0.0%	255M YoY+4.9%	243M YoY+113.2%
Dividends per share	$1.60 YoY+0.0%	$1.60 YoY-50.6%	$3.24 YoY+1.3%	$3.20 YoY+2.6%	$3.12 YoY+2.6%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	5.59B YoY-29.8%	7.97B YoY+26.6%	6.29B YoY-15.3%	7.43B YoY+6.4%	6.99B YoY+128.3%
Cash & equivalents	590M YoY+25.8%	469M YoY-33.3%	703M YoY+45.5%	483M YoY-32.1%	711M YoY+9.4%
Accounts receivable	1.73B YoY+6.6%	1.62B YoY-5.9%	1.73B YoY-5.1%	1.82B YoY-4.6%	1.91B YoY+105.2%
Inventory	2.25B YoY+5.3%	2.13B YoY-13.9%	2.48B YoY-21.4%	3.15B YoY+25.2%	2.52B YoY+122.3%
Prepaid expenses	170M YoY+6.9%	159M YoY-13.6%	184M YoY+27.8%	144M YoY-10.0%	160M YoY+60.0%
Other current assets	877M YoY+27.8%	686M YoY-21.6%	875M YoY+13.6%	770M YoY+5.8%	728M YoY+112.9%
	25.5B YoY-11.1%	28.7B YoY-7.3%	31.0B YoY-12.8%	35.5B YoY-10.4%	39.7B YoY+192.6%
Property, plant & equipment	4.03B YoY+7.8%	3.74B YoY-11.8%	4.24B YoY+0.9%	4.20B YoY-3.8%	4.37B YoY+199.6%
Operating lease right-of-use	579M YoY-1.7%	589M YoY-14.5%	689M YoY-7.3%	743M YoY-3.1%	767M YoY+156.5%
Goodwill	8.27B YoY-8.9%	9.07B YoY-14.7%	10.6B YoY-20.5%	13.4B YoY-18.6%	16.4B YoY+193.8%
Intangible assets	6.04B YoY-6.2%	6.45B YoY-22.9%	8.36B YoY-8.0%	9.08B YoY-13.6%	10.5B YoY+285.3%
Deferred tax assets	99.8M YoY+0.0%	99.8M YoY+0.0%	99.8M YoY+0.0%	99.8M YoY+0.0%	99.8M YoY+0.0%
Other non-current assets	1.02B YoY+13.0%	907M YoY+18.7%	764M YoY+10.9%	689M YoY+11.9%	616M YoY+47.4%
	3.93B YoY-9.6%	4.35B YoY+15.8%	3.76B YoY+0.8%	3.73B YoY+2.6%	3.63B YoY+90.8%
Accounts payable	1.29B YoY+0.3%	1.28B YoY-6.9%	1.38B YoY-2.8%	1.42B YoY-7.4%	1.53B YoY+175.5%
Deferred revenue	4.94M YoY+0.0%	4.94M YoY+0.0%	4.94M YoY+0.0%	4.94M YoY+0.0%	4.94M YoY+0.0%
Short-term & current debt	1.25B YoY-11.3%	1.41B YoY+59.7%	885M YoY+48.2%	597M YoY-5.5%	632M YoY-0.3%
Current lease liability	92.0M YoY+12.2%	82.0M YoY-3.5%	85.0M YoY-1.2%	86.0M YoY-21.1%	109M YoY+165.9%
Other current liabilities	919M YoY+14.6%	802M YoY-17.9%	977M YoY-5.0%	1.03B YoY+23.6%	832M YoY+66.7%
Long-term debt	4.74B YoY-37.3%	7.56B YoY-17.7%	9.19B YoY-11.4%	10.4B YoY-3.7%	10.8B YoY+184.9%
Non-current lease liability	533M YoY-3.1%	550M YoY-14.3%	642M YoY-4.5%	672M YoY+0.3%	670M YoY+152.8%
Deferred tax liabilities	1.38B YoY-13.5%	1.59B YoY-17.7%	1.94B YoY-15.2%	2.28B YoY-9.3%	2.52B YoY+324.6%
Other non-current liabilities	582M YoY-7.2%	627M YoY+12.0%	560M YoY+14.1%	491M YoY+6.3%	462M YoY+72.4%
Total non-current liabilities	7.42B YoY-29.3%	10.5B YoY-16.5%	12.6B YoY-10.5%	14.1B YoY-5.1%	14.8B YoY+183.0%
	14.2B YoY+2.3%	13.8B YoY-5.3%	14.6B YoY-17.2%	17.7B YoY-16.3%	21.1B YoY+234.1%
Common stock	35.0M YoY+0.0%	35.0M YoY+0.0%	35.0M YoY+0.0%	35.0M YoY+0.0%	35.0M YoY+118.8%
Additional paid-in capital	19.9B YoY+0.0%	19.9B YoY+0.2%	19.9B YoY+0.2%	19.8B YoY+0.1%	19.8B YoY+414.6%
Retained earnings	-3.42B YoY-29.1%	-2.65B YoY-8.5%	-2.44B YoY-355.4%	955M YoY-73.8%	3.64B YoY-12.4%
Treasury stock	952M YoY+0.8%	944M YoY-2.0%	963M YoY-1.5%	978M YoY-1.9%	997M YoY-2.0%
Accumulated other comprehensive income	-1.43B YoY+43.4%	-2.53B YoY-33.3%	-1.90B YoY+13.7%	-2.20B YoY-54.5%	-1.42B YoY-103.9%
Non-controlling interest	32.0M YoY-8.6%	35.0M YoY+12.9%	31.0M YoY+3.3%	30.0M YoY-14.3%	35.0M YoY+191.7%
Total equity incl. non-controlling	14.2B YoY+2.0%	13.9B YoY-4.6%	14.6B YoY-17.4%	17.6B YoY-16.4%	21.1B YoY+234.0%
Total liabilities & equity	25.5B YoY-11.1%	28.7B YoY-7.3%	31.0B YoY-12.8%	35.5B YoY-10.4%	39.7B YoY+192.6%
Common shares issued	276M YoY+0.0%	276M YoY+0.0%	276M YoY-0.0%	276M YoY+0.0%	276M YoY+114.5%
Common shares outstanding	256M YoY+0.0%	256M YoY+0.2%	255M YoY+0.1%	255M YoY+0.2%	255M YoY+138.1%
Shares outstanding (cover)	256M YoY+0.2%	256M YoY+0.2%	255M YoY+0.1%	255M YoY+0.2%	255M YoY+138.0%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	850M YoY-20.6%	1.07B YoY-26.5%	1.46B YoY+266.5%	397M YoY-72.4%	1.44B YoY+101.3%
Depreciation & amortization	962M YoY-5.2%	1.01B YoY-11.1%	1.14B YoY-3.1%	1.18B YoY+2.0%	1.16B YoY+255.7%
Share-based compensation	88.0M YoY+14.3%	77.0M YoY+18.5%	65.0M YoY+32.7%	49.0M YoY-9.3%	54.0M YoY+50.0%
Deferred income taxes	-270M YoY+16.4%	-323M YoY+12.9%	-371M YoY-56.5%	-237M YoY-0.4%	-236M YoY-247.1%
Change in receivables	68.0M YoY-68.7%	217M YoY+525.5%	-51.0M YoY-143.6%	117M YoY-30.8%	169M YoY+177.0%
Change in inventory	41.0M YoY+20.6%	34.0M YoY+105.6%	-605M YoY-167.7%	893M YoY+146.0%	363M YoY+2116.7%
Change in payables	-57.0M YoY-242.5%	40.0M YoY+202.6%	-39.0M YoY+31.6%	-57.0M YoY-113.6%	419M YoY+1396.4%
	2.27B YoY+596.0%	326M YoY-41.6%	558M YoY-25.1%	745M YoY+4238.9%	-18.0M YoY+90.4%
Capital expenditure	594M YoY+28.3%	463M YoY-8.0%	503M YoY-0.2%	504M YoY+28.2%	393M YoY+104.7%
Acquisitions	—	0.00	0.00 YoY-100.0%	110M	0.00
	-3.09B YoY-92.5%	-1.61B YoY+13.2%	-1.85B YoY-50.6%	-1.23B YoY+5.8%	-1.30B YoY-154.7%
Long-term debt issued	—	—	0.00	0.00 YoY-100.0%	3.00M YoY-98.5%
Long-term debt repaid	2.91B YoY+182.8%	1.03B YoY+57.3%	655M YoY+118.3%	300M YoY-63.8%	828M YoY+138.6%
Net short-term debt	0.00	0.00 YoY+100.0%	-99.0M YoY-195.2%	104M YoY+199.0%	-105M
Common stock repurchased	38.0M	0.00	0.00	—	—
Dividends paid	409M YoY-20.4%	514M YoY-37.8%	826M YoY+2.0%	810M YoY+21.4%	667M YoY+106.5%
Other financing activities	-21.0M YoY-110.0%	-10.0M YoY+23.1%	-13.0M YoY-85.7%	-7.00M YoY-177.8%	9.00M
FX effect on cash	91.0M YoY+268.5%	-54.0M YoY-357.1%	21.0M YoY+127.3%	-77.0M YoY-30.5%	-59.0M YoY-381.0%
Net change in cash	119M YoY+145.1%	-264M YoY-244.3%	183M YoY+211.6%	-164M YoY-392.9%	56.0M YoY+55.6%
Interest paid	229M YoY-25.6%	308M YoY-16.8%	370M YoY+19.4%	310M YoY+0.0%	310M YoY+142.2%
Income taxes paid	329M YoY-11.1%	370M YoY-36.0%	578M YoY+75.7%	329M YoY+13.8%	289M YoY+117.3%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	17.3B YoY-20.2%	21.6B YoY+4.6%	20.7B YoY-22.7%	26.7B YoY-30.3%	38.3B YoY+229.5%
P/E	—	81.0× YoY-90.2%	826.7×	—	137.4× YoY+333.4%
P/S	1.6× YoY-15.8%	1.9× YoY+5.8%	1.8× YoY-16.0%	2.1× YoY-35.7%	3.3× YoY+43.7%
P/B	1.2× YoY-22.0%	1.6× YoY+28.4%	1.2× YoY-23.1%	1.6× YoY-13.0%	1.8× YoY-1.4%
P/FCF	67.4× YoY+89.3%	35.6× YoY-21.9%	45.6× YoY-99.1%	5345.7× YoY+14453.6%	36.7× YoY+64.7%
Earnings yield	—	1.2% YoY+921.1%	0.1%	—	0.7% YoY-76.9%
FCF yield	1.5% YoY-47.2%	2.8% YoY+28.1%	2.2% YoY+11616.9%	0.0% YoY-99.3%	2.7% YoY-39.3%
Dividend yield	2.4% YoY+25.5%	1.9% YoY-52.7%	4.0% YoY+31.1%	3.1% YoY+47.4%	2.1% YoY-25.9%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: IFF's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all IFF filings on SEC EDGAR → Not investment advice.

IFF▼ financial statements

About this data

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