International Flavors & Fragrances (IFF) stock
Materials · Specialty Chemicals
International Flavors & Fragrances (IFF) is a Specialty Chemicals company in the Materials sector, headquartered in New York City, New York. As of October 23, 2026, IFF closed at $94.15, a market capitalization of $24.02 billion, the 367th largest company in the S&P 500. Over the last twelve months it generated $10.78 billion in revenue (+2% year over year) and $536.00 million in free cash flow. The stock trades at 93.2x trailing earnings and 23.6x forward earnings.
- 1-year total return: +46.3% (dividends reinvested)
- 5-year return: -5.8% a year
- 52-week range: $61.30 – $94.59
- Gross margin 36.6%, operating margin 8.5%
- Dividend yield: 1.70%
- FI Handbook report card: D+ across 10 metrics
- 13th largest of 24 Materials stocks in the S&P 500
IFF price chart
1Y price change: +43.2% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| IFF | +9.8% | +41.9% | +46.3% | +15.8% | -5.8% | -0.8% | +8.0% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1974.
IFF key statistics
- Market cap
- $24.0B
- #367 in S&P 500
- P/E (TTM)
- 93.2x
- Forward P/E
- 23.6x
- EPS (TTM)
- $1.01
- Revenue (TTM)
- $10.8B
- +2%
- Free cash flow
- $536.0M
- Gross margin
- 36.6%
- Operating margin
- 8.5%
- Return on equity
- -5.5%
- Dividend yield
- 1.70%
- 52-week range
- $61.30 – $94.59
- Beta
- 0.93
- Price / sales
- 2.2x
- EV / EBITDA
- 15.6x
- Debt / equity
- 0.45x
- Employees
- 21,500
IFF report card
D+Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth1.8%D
- Gross margin36.6%C
- Operating margin8.5%D
- FCF margin5.0%D
- Return on equity-5.5%F
- Net debt / EBITDA3.0xD
- Forward P/E23.6xC
- PEG ratio1.8xC
- Shareholder yield1.9%C
- Share count change / yr17.6%F
International Flavors & Fragran financials
Revenue went from $3.1B in fiscal 2016 to $10.9B in fiscal 2025, growing 14.9% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.1B | $3.4B | $4.0B | $5.1B | $5.1B | $11.7B | $12.4B | $11.5B | $11.5B | $10.9B |
| Gross profit | $1.4B | $1.5B | $1.7B | $2.1B | $2.1B | $3.7B | $4.2B | $3.7B | $4.1B | $3.9B |
| Operating income | $553.0M | $552.6M | $583.9M | $665.0M | $566.0M | $585.0M | -$1.3B | -$2.1B | $766.0M | -$382.0M |
| Net income | $405.0M | $295.7M | $339.8M | $460.0M | $367.0M | $279.0M | -$1.9B | -$2.6B | $267.0M | -$359.0M |
| EPS (diluted) | $5.05 | $3.72 | $3.79 | $4.00 | $3.21 | $1.10 | $-7.32 | $-10.14 | $1.04 | $-1.41 |
| Free cash flow | $423.7M | $261.8M | $267.5M | $463.0M | $522.0M | $1.0B | -$107.0M | $952.0M | $607.0M | $256.0M |
| Buybacks | $127.4M | $58.1M | $15.5M | $0 | $0 | — | — | $0 | $0 | $38.0M |
| Dividends paid | $184.9M | $206.1M | $230.2M | $314.0M | $323.0M | $667.0M | $810.0M | $826.0M | $514.0M | $409.0M |
| Diluted shares | 80.0M | 79.4M | 88.1M | 113.0M | 114.0M | 243.0M | 255.0M | 255.0M | 256.0M | 256.0M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into IFF?
A reverse DCF asks what growth the current price requires. With an enterprise value of $29.7B and $536.0M of trailing free cash flow, International Flavors & Fragran needs to grow free cash flow about 37.4% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew -13.3% a year over the last five years.
P/E ratio history
Current 79.1x vs. median 26.3x (10th–90th percentile 17.2x–67.2x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
IFF dividend
- Dividend yield
- 1.70%
- Annual dividend
- $1.60
- Years of increases
- —
- 5-yr dividend growth
- -12.0%
- per year
- Payout ratio
- 158%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
IFF analyst price targets
17 analysts' average 12-month target is $97.18 (+3% vs. $94.15). Targets range from $76.00 to $108.00. 70% rate it a buy.
IFF earnings
Next report: November 3, 2026. Last quarter's revenue was $2.0B (+2% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Aug 4, 2026 | $1.12 | $0.82 | -26.6% |
| May 5, 2026 | $1.07 | $1.25 | +16.5% |
| Feb 11, 2026 | $0.83 | $0.80 | -3.8% |
| Nov 4, 2025 | $1.02 | $1.05 | +3.3% |
| Aug 5, 2025 | $1.12 | $1.15 | +2.5% |
| May 6, 2025 | $1.14 | $1.20 | +5.7% |
| Feb 18, 2025 | $0.82 | $0.97 | +17.6% |
| Nov 5, 2024 | $1.08 | $1.04 | -3.3% |
Stocks like IFF
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 SHW Sherwin-Williams | -2.48% | +3% | $81.8B | 31.1x | Compare |
 ECL Ecolab | -1.29% | +6% | $80.9B | 38.7x | Compare |
 PPG PPG Industries | -2.19% | +10% | $24.6B | 15.9x | Compare |
 LYB LyondellBasell Industries NV | +1.65% | +51% | $21.5B | — | Compare |
 ALB Albemarle | +1.22% | -3% | $11.1B | 346.9x | Compare |
 LIN Linde | -0.30% | +15% | $234.6B | 32.8x | Compare |
 NEM Newmont | -4.59% | +24% | $113.1B | 12.6x | Compare |
 FCX Freeport-McMoRan | +0.91% | +60% | $93.6B | 32.1x | Compare |
IFF news
- Is International Flavors & Fragrances (IFF) Undervalued On Its Debt Reduction Plan And Buyback? · Oct 25, 2026
- What Does Sherwin-Williams Offer That IFF Does Not? · Oct 23, 2026
- What to Expect From International Flavors & Fragrances' Q3 2026 Earnings Report · Oct 16, 2026
- IFF to Release Third Quarter 2026 Results on November 3, 2026 · Oct 13, 2026
- How AQUASCENT’s Water-Based, Concentrate-Only Fragrance Technology At IFF Has Changed Its Investment Story · Oct 6, 2026
IFF stock FAQ
What is IFF's market cap?
International Flavors & Fragrances's market capitalization is $24.02 billion as of October 23, 2026, ranking 367th in the S&P 500.
What is IFF's P/E ratio?
IFF trades at a trailing price-to-earnings ratio of 93.2x and a forward P/E of 23.6x. Its median P/E over the period we track is 26.3x.
Does IFF pay a dividend?
Yes. International Flavors & Fragrances pays $1.60 per share a year, a 1.70% yield. Dividends fell 12.0% a year over the last five years.
How much has IFF stock returned?
Including reinvested dividends, IFF returned +46.3% over one year, -5.8% a year over five years, -0.8% a year over ten years through October 23, 2026.
Is IFF stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies International Flavors & Fragrances must grow free cash flow about 37% a year for the next decade. Its free cash flow fell 13% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the IFF price target?
17 analysts cover IFF with an average 12-month price target of $97.18, +3% from the current price. 70% of them rate it a buy.
When does IFF report earnings?
International Flavors & Fragrances is expected to report earnings on November 3, 2026.
How many employees does International Flavors & Fragrances have?
International Flavors & Fragrances has about 21,500 full-time employees, or $501,442 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology