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Screener / SEC EDGAR /CIK 0000051253 /10-K filed Feb 27, 2026, compared with Feb 28, 2025 /Numbers from the XBRL of the 10-Ks
Materials peers:
IFFAPDMOSPKGAVYVMC
NYSE Materials · Chemicals

International Flavors & Fragrances IFF

IFF quote by TradingView
Employees
21,500
Headquarters
New York, NY
CEO
J. Erik Fyrwald
Next results
around Feb 10, 2027
Compare with peers Embed

Where each dollar of revenue went, FY2024

Revenue of $11.5B through the costs to a net profit of $263.0M · income statement of the 10-K

7% operating margin
Revenue to Gross profit: $4.1BRevenue to Cost of revenue: $7.4BGross profit to Operating profit: $766.0MGross profit to Operating expenses: $3.4BOperating profit to Net profit: $263.0MOperating profit to Tax & other: $503.0MOperating expenses to R&D: $671.0MOperating expenses to Sales, admin & other: $2.7B Revenue: $11.5B REVENUE $11.5B +0% Y/Y Gross profit: $4.1B · 36% margin GROSS PROFIT $4.1B 36% margin · +12% Y/Y Cost of revenue: $7.4B · 64% of revenue COST OF REVENUE $7.4B 64% of revenue Operating profit: $766.0M · 7% margin OPERATING PROFIT $766.0M 7% margin Operating expenses: $3.4B · 29% of revenue OPERATING EXPENSES $3.4B 29% of revenue Net profit: $263.0M · 2% margin NET PROFIT $263.0M 2% margin Tax & other: $503.0M · 4% of revenue TAX & OTHER $503.0M 4% of revenue R&D: $671.0M · 6% of revenue R&D $671.0M 6% of revenue Sales, admin & other: $2.7B · 23% of revenue SALES, ADMIN & OTHER $2.7B 23% of revenue
Gross profit $4.1B 36% margin · +12% Y/Y
Operating profit $766.0M 7% margin
Net profit $263.0M 2% margin
The full income statement, year by year

IFF among Materials peers

Six ratios from the latest 10-K. Each corner is the share of 23 peers the company is above, not a score.

Compare
Revenue growth: -5.2%, above 9% of 23 peers (their median 5.3%) REVENUE GROWTH -5.2% · above 9% Gross margin: 36.6%, above 79% of 19 peers (their median 26.7%) GROSS MARGIN 36.6% · above 79% Operating margin: -3.0%, above 13% of 15 peers (their median 11.5%) OPERATING MARGIN -3.0% · above 13% Net margin: 1.7%, above 22% of 23 peers (their median 9.2%) NET MARGIN 1.7% · above 22% FCF margin: 4.6%, above 26% of 23 peers (their median 7.0%) FCF MARGIN 4.6% · above 26%
IFF Peer median Below the median

What changed

24 new risk paragraphs and 2 accounting facts worth reading about. 10-K filed Feb 27, 2026 against Feb 28, 2025.

Risk factors
24 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Receivables growing faster than revenue
Receivables +6.6% vs revenue -5.2% (+11.8 pts)
10-K · XBRL
Inventory growing faster than revenue
Inventory +5.3% vs revenue -5.2% (+10.4 pts)
10-K · XBRL
Accounting checks
9 other checks clear, 2 worth a look
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
3 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

11 checks on the latest 10-K. Checks, not verdicts.

How it works

2facts worth reading about the other 9 checks found nothing to note

  • Receivables growing faster than revenue
    Receivables +6.6% vs revenue -5.2% (+11.8 pts)
  • Inventory growing faster than revenue
    Inventory +5.3% vs revenue -5.2% (+10.4 pts)
  • Cash from operations $850.0M vs net income −$359.0M (FY ending Dec 31, 2025)
8 more checks with nothing to note
  • Same auditor in both 10-Ks: PricewaterhouseCoopers LLP
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • No longer listed: Goodwill Impairment Assessments - Nourish and Health & Biosciences Reporting Units
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

24 paragraphs in Risk Factors that were not in the 10-K filed Feb 28, 2025. Quoted as filed.

All 24 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Feb 28, 2025 10-K, ITEM 1A
    Many of our products are ingredients or components in consumer products which are sold to end-users throughout the world. Demand for such consumer products depends on consumer preferences that are driven by a variety of factors, such as the increasing use of weight management pharmaceutical products, increasing health and wellness…
  2. Item 1A · new paragraph · not in the 10-K filed Feb 28, 2025 10-K, ITEM 1A
    We face intense global competition from multinational and specialized companies across our product offerings, as well as consumer product companies developing their own alternatives. Competitors may have greater resources, proprietary technologies, or benefit from recent industry consolidation, enabling them to respond more effectively…
  3. Item 1A · new paragraph · not in the 10-K filed Feb 28, 2025 10-K, ITEM 1A
    As part of our strategic transformation and portfolio optimization, we have completed several divestitures in recent years and continue to evaluate additional transactions, including strategic alternatives for our Food Ingredients segment. Successfully completing such transactions depends on factors beyond our control, such as industry…
  4. Item 1A · new paragraph · not in the 10-K filed Feb 28, 2025 10-K, ITEM 1A
    We manage inventory based on shelf life, sourcing levels, and anticipated demand. Effective inventory control is critical to meeting customer needs without incurring excess storage costs. If we fail to accurately forecast customer demand, it may lead

New risk paragraphs, against peers

Latest 10-K of each, Materials companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$12.4B$11.5B$11.5B$10.9B
Net income−$1.9B−$2.6B$263.0M−$361.0M
Operating cash flow$397.0M$1.5B$1.1B$850.0M
Free cash flow−$107.0M$952.0M$607.0M$256.0M

Revenue, FY2016 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$10.9B ▼ 5.2% in FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

3 filings in the last 30 days · SEC EDGAR

All filings

About the company

International Flavors & Fragrances, New York, NY · from the 10-K filed Feb 27, 2026

We are a leading creator and manufacturer of products for application in food, beverage, health & biosciences, and scent, as well as complementary adjacent products, including natural health ingredients, all of which are used in a wide variety of consumer and end-use products. Our products are sold principally to manufacturers of dairy, meat, beverages, snacks, savory, sweet, baked goods, grain processors and other foods, personal care products, soaps and detergents, cleaning products, perfumes, dietary supplements, food protection, infant, elderly and animal nutrition, functional food, bio-fuel, and oral care products.

Headquarters
New York, NY
Country
United States
Reports in
USD
Listed on
NYSE
Fiscal year ends
December 31
Last results
Nov 3, 2026
Incorporated in
NY

Employees, at the top of the page: "As of December 31, 2025, we had approximately 21,500 employees worldwide, of whom approximately 5,500 are employed in the United States" (10-K). Address and exchange: SEC's company file.

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Sources

The 10-K filed Feb 27, 2026 (open at SEC), compared with the 10-K filed Feb 28, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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