International Flavors & Fragrances Inc. (IFF) Stock Price & Analysis
International Flavors & Fragrances Inc. (IFF) closed at USD 93.83 on Thursday, October 22, 2026, up 3.08% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 91.03; the Oct 22, 2026 session ranged USD 90.13–93.88 on volume of 1,930,432 shares. Market capitalization is $23.94B, with a 52-week range of USD 61.3–93.89 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:23 UTC.
Also available as compact Markdown for AI agents: nexqual.com/IFF.md
Key facts (IFF)
- Last four reported quarters (through Jun 30, 2026): revenue $9.98B, net income $292M (2.9% margin), free cash flow $540M (SEC filings).
- Valuation: P/E 82.0x (avg 81.1x at the last 1 fiscal year-ends), EV/EBITDA 20.6x, net debt $5.13B.
- 5 of 80 tracked superinvestors hold IFF (13F, Q2 2026): 0 new, 3 added, 1 reduced, 1 unchanged.
- Insider open-market sales, last ~7 months: 3 Form 4 filings, $1.3M; 3 not under a Rule 10b5-1 plan ($1.3M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Insider open-market purchases, last ~7 months: 1 Form 4 filing, $20.3M; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Buy (mean 2.10 on a 1–5 scale) (20 analysts), mean target USD 97.18 (range 76–108).
- Total return with dividends: 1Y +45.8% vs S&P 500 +14.9%; 5Y -26.3% vs S&P 500 +80.3%.
- Next earnings: 2026-11-03, EPS estimate USD 0.81, revenue estimate $1.91B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (IFF)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $11.7B | $12.4B | $11.5B | $11.5B | $10.9B | $9.98B |
| Gross profit | $3.73B | $4.15B | $3.68B | $4.12B | $3.94B | — |
| Operating income | $585M | -$1.33B | -$2.11B | $766M | -$382M | $754M |
| Net income | $279M | -$1.86B | -$2.59B | $267M | -$359M | $292M |
| EPS (diluted) | $1.10 | -$7.32 | -$10.14 | $1.04 | -$1.41 | — |
| Free cash flow | $1.04B | -$107M | $952M | $607M | $256M | $540M |
| Gross margin | 32.0% | 33.4% | 32.1% | 35.9% | 36.2% | — |
| Operating margin | 5.0% | -10.7% | -18.4% | 6.7% | -3.5% | 7.6% |
| Net margin | 2.4% | -15.0% | -22.5% | 2.3% | -3.3% | 2.9% |
| Revenue growth | +129.3% | +6.7% | -7.7% | +0.0% | -5.2% | — |
| Cash + short-term investments | $711M | $483M | $703M | $469M | $590M | — |
| Total debt | $11.4B | $11.0B | $10.1B | $8.98B | $5.99B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (IFF)
P/E 82.0x · P/S 2.4x · EV/EBITDA 20.6x · EV/Sales 2.9x · P/FCF 44.3x · P/B 1.7x · FCF yield 2.26% · Earnings yield 1.22% · Dividend yield (paid, TTM) 1.71% · Net debt $5.13B · EV $29.1B
P/E at fiscal year-ends: Dec 2024 81.1x.
Superinvestors (SEC 13F-HR, Q2 2026) (IFF)
5 of 80 tracked investors hold IFF. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| First Pacific Advisors | 5.43% | $432M | Added +0.8% | |
| Carl Icahn | Icahn Capital Management | 4.10% | $339M | Unchanged |
| Hillman Capital | Hillman Capital Management | 3.61% | $5.0M | Reduced -13.6% |
| Dodge & Cox Funds | Dodge & Cox | 1.53% | $2.93B | Added +1.5% |
| First Eagle Investment | First Eagle Investment Management | 1.24% | $745M | Added +1.0% |
Insider sales (SEC Form 4, open-market, last ~7 months) (IFF)
0 of 3 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-17 | Teles De Mendonca Ana Paula | President, Scent | 5,718 | $476K | 100% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-08-07 | Birenkrant Marc | Controller & CAO | 1,000 | $85K | 9.4% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-08-06 | Deveau Michael | EVP, CFO | 8,825 | $755K | 62.9% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Insider purchases (SEC Form 4, open-market, last ~7 months) (IFF)
1 purchase, $20.3M. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-06-01 | Fribourg Paul J | Director | 273,500 | $20.3M | 74.29 | Too little history (no open-market trades in 2023 or 2024) |
Analysts (IFF)
Consensus Buy (mean 2.10 on a 1–5 scale), 20 analysts; mean target USD 97.18 (low 76, high 108).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-22 | Oppenheimer | Target raised | Outperform | $95 → $108 |
| 2026-10-16 | Barclays | Target raised | Overweight | $96 → $105 |
| 2026-10-07 | Citigroup | Target lowered | Buy | $101 → $100 |
| 2026-10-07 | Argus Research | Target raised | Buy | $85 → $95 |
| 2026-09-11 | Keybanc | Initiated | Sector Weight | |
| 2026-08-07 | Barclays | Target raised | Overweight | $90 → $96 |
| 2026-08-06 | UBS | Target raised | Neutral | $84 → $91 |
| 2026-08-06 | Benchmark | Target raised | Buy | $100 → $105 |
| 2026-07-01 | Morgan Stanley | Target raised | Overweight | $93 → $95 |
| 2026-06-30 | Argus Research | Target raised | Buy | $80 → $85 |
Total return (dividends reinvested) (IFF)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +45.8% | -26.3% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +46.0% | -5.9% |
| Volatility (annualized) | 34.9% | 34.2% |
| Max drawdown | -19.3% (Feb 2026→Mar 2026) | -56.4% (Nov 2021→Oct 2025) |
IFF revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Taste | $688.0M | 35.2% | +5.2% |
| Scent | $665.0M | 34.0% | +10.3% |
| Health & Biosciences | $601.0M | 30.8% | +7.5% |
| Total revenue | $1.95B | 100% | — |
IFF revenue by region (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Europe, Africa and Middle East | $715.0M | 36.6% | +3.8% |
| Greater Asia | $501.0M | 25.6% | +8.0% |
| North America | $481.0M | 24.6% | -6.8% |
| Latin America | $257.0M | 13.2% | +2.8% |
| Total revenue | $1.95B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
IFF customer concentration
In the period ended Dec 31, 2025, a single direct customer accounted for 10% of revenue, per the company's 10-K filed Feb 27, 2026. The company does not name it.
IFF company outlook (results filed Aug 4, 2026)
- “Financial Guidance on a Continuing Operations Basis Announces Enhanced $2.5B Share Repurchase Authorization;”
Quoted word-for-word from the SEC 8-K results press release.
IFF analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.81 | $1.15 | -29.3% | $1.91B | 13 |
| Next quarter (ends Dec 2026) | $0.66 | $0.93 | -28.7% | $1.82B | 11 |
| Current fiscal year (ends Dec 2026) | $3.32 | $4.49 | -26.1% | $7.59B | 15 |
| Next fiscal year (ends Dec 2027) | $3.99 | $4.80 | -16.8% | $7.84B | 18 |
IFF options: expected move
Options price a move of about ±8.7% (±$8.18) by Nov 20, 2026, which includes earnings on Nov 3, 2026. Over the last 8 reports the stock moved ±8.2% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 35.1% | ±8.7% |
| Dec 18, 2026 | 56 | 28.9% | ±9.4% |
| Feb 19, 2027 | 119 | 29.5% | ±13.5% |
| Mar 19, 2027 | 147 | 30.3% | ±15.4% |
| May 21, 2027 | 210 | 31.2% | ±18.8% |
| Jun 17, 2027 | 237 | 31.2% | ±19.9% |
| Sep 17, 2027 | 329 | 32.3% | ±24.0% |
30-day implied volatility 34.2% vs 19.8% realized over the last 30 trading days. Put/call ratio (volume) 2.71. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:23 UTC)
| Price | USD 93.83 |
|---|---|
| Change | ▲ 3.08% (up) |
| Previous Close | USD 91.03 |
| Open | USD 91.43 |
| Day Range | USD 90.13 – 93.88 |
| 52-Week Range | USD 61.3 – 93.89 |
| Volume | 1,930,432 shares |
| Market Cap | $23.94B |
| Exchange | NYQ |
Technical Analysis (IFF)
Nexqual's technical model rates IFF "BUY" based on 5 bullish and 3 bearish signals across 127 daily candles, as of October 23, 2026 at 09:23 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 78.37 (overbought) |
| vs SMA50 | Above (USD 85.68) |
| MACD | 2.04 (positive) |
Analyst Ratings (IFF)
Wall Street analysts rate IFF "Buy" based on 20 analysts, with a mean price target of USD 97.18 (range USD 76–108), per Nexqual as of October 23, 2026 at 09:23 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 20 |
| Mean Target | USD 97.18 |
| High Target | USD 108 |
| Low Target | USD 76 |
| Buy / Hold / Sell | 14 / 6 / 0 |
Earnings (IFF)
| Next Earnings Date | 2026-11-03 |
|---|---|
| EPS Estimate | USD 0.81 |
| Revenue Estimate | $1.91B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.82 vs est 1.12 ▼ miss |
| 2026-03-31 | USD 1.25 vs est 1.07 ▲ beat |
| 2025-12-31 | USD 0.8 vs est 0.83 ▼ miss |
| 2025-09-30 | USD 1.05 vs est 1.02 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:23 UTC.
Financials & Fundamentals (IFF)
| Total Revenue | $10.78B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +1.80% |
| Gross Margin | +36.58% |
| Operating Margin | +8.49% |
| Profit Margin | +2.57% |
| ROE | -5.55% |
| Debt / Equity | 0.45 |
| Current Ratio | 2.06 |
| Total Cash | $569.00M |
| Total Debt | $6.28B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $540.00M (5.4% of revenue) |
Source: Nexqual, October 23, 2026 at 09:23 UTC.
Financial Health Score (IFF)
Nexqual rates International Flavors & Fragrances Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 09:23 UTC.
| Growth | Weak — Revenue -5% YoY (annual), declining |
|---|---|
| Profitability | Solid — Gross margin 37%, operating 8% (last 12 months) |
| Balance Sheet | Strong — $569M cash and investments vs $5.70B debt (Jun 2026, SEC) |
| Cash Flow | Solid — FCF $540M (last 4 quarters to Jun 2026, SEC), 5% margin |
| Efficiency | Critical — ROE -6%, ROA 2.3% |
Ownership (IFF)
| Insider Ownership | +0.11% |
|---|---|
| Institutional Ownership | +110.23% |
| Shares Outstanding | 255.15M |
| Float | 254.45M |
| Short % of Float | +8.68% |
Source: Nexqual, October 23, 2026 at 09:23 UTC.
Leadership (IFF)
International Flavors & Fragrances Inc. is led by Jon Erik Fyrwald, CEO & Director, per Nexqual as of October 23, 2026 at 09:23 UTC.
| CEO & Director | Jon Erik Fyrwald |
|---|---|
| Executive VP & CFO | Michael DeVeau |
| President of Taste Division & Chief Commercial Officer | Yuvraj Arora |
| President of Food Ingredients | Andres Muller |
| President of Health & Biosciences | Leticia Goncalves Lourenco |
Major Backers & Investors (IFF)
Notable institutional backers of International Flavors & Fragrances Inc. include Dodge & Cox Inc., Freemont Capital Pte Ltd., First Eagle Investment Management, LLC, according to Nexqual as of October 23, 2026 at 09:23 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Dodge & Cox Inc. | 14.5% |
| Freemont Capital Pte Ltd. | 9.94% |
| First Eagle Investment Management, LLC | 3.69% |
| Invesco | 3.69% |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 2.4% |
| Fidelity | 1.3% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 10.92% |
| BlackRock | 9.08% |
| State Street | 4.84% |
| Geode Capital | 2.67% |
Source: Nexqual, October 23, 2026 at 09:23 UTC.
From International Flavors & Fragrances Inc.'s Latest SEC 10-K Filing (filed 2026-02-27)
Key Strengths & Strategy (as disclosed to the SEC)
- Consumer insights, science and creativity are at the heart of our Scent business, along with our unique portfolio of natural and synthetic ingredients, global footprint, innovative technologies and know-how, and customer intimacy.
- We have developed unique molecules and delivery systems for our customers that serve as the foundations of successful products around the world.
- Through our global network of creative centers and application laboratories, we transform the Taste, Health & Biosciences, Scent and Food Ingredients (and, prior to its disposition, Pharma Solutions) products that we have developed in the research and development process into commercially viable solutions for our customers.
Legal & Regulatory Risks (Item 1A, quoted)
- We may also be exposed to serious adverse health claims related to undetected poor quality of raw materials, internal system failures to adequately reduce or eliminate certain hazards (such as pathogens, allergens, contaminants, pesticides, physical hazards, etc.) or products that are not in line with required or agreed specifications.
- Failure to comply with environmental protection laws may cause us to close, relocate or operate one or more of our plants at reduced production levels, and expose us to civil or criminal liability, which could adversely affect our operating results and future growth.
- We could be adversely affected by violations, by us or our counterparties, of U.S. or foreign anti-bribery, international trade, anti-corruption, antitrust or competition laws and regulations, applicable sanctions or employment and human rights or employment regulations.
- We operate and may pursue opportunities in jurisdictions such as China, India, Brazil, Russia, and certain African countries, which present elevated risks of fraud, corruption, and internal control challenges.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| PPG | PPG Industries, Inc. | USD 113.09 | ▲ 2.65% |
| LYB | LyondellBasell Industries NV | USD 65.37 | ▲ 3.32% |
| DD | DuPont de Nemours, Inc. | USD 135.1 | ▲ 0.71% |
| SQM | Sociedad Quimica y Minera S.A. | USD 56.37 | ▼ 3.54% |
| RPM | RPM International Inc. | USD 101.72 | ▲ 1.84% |
| ALB | Albemarle Corporation | USD 92.54 | ▼ 2.04% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:23 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt