International Flavors & Fragrances Inc. (IFF) Stock

International Flavors & Fragrances Inc. (IFF) is a Materials stock trading at $84.31 (as of 2026-08-21), with a market capitalization of $21.51B and a trailing P/E of 80.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

International Flavors & Fragrances (IFF), through its Nourish, Scent, Health & Biosciences, and Pharma Solutions segments, develops, manufactures, and sells ingredients used in food, fragrance, and health and pharmaceutical applications. It supplies cosmetic actives and natural health ingredients to customers in regions including Europe, Africa, the Middle East, Greater Asia, North America, and Latin America.

Understand International Flavors & Fragrances Inc.: how it makes money

International Flavors & Fragrances (IFF) manufactures and sells cosmetic active and natural health ingredients, as well as natural and plant-based specialty food ingredients, to be used in other manufacturers' consumer products, and it earns money by selling these specialty ingredient formulations across its Nourish, Scent, Health & Biosciences, and Pharma Solutions segments.

IFF’s profit model is built on selling manufactured specialty ingredients into other companies' final consumer products across multiple end-markets (food, scent/personal care, health/biosciences, and pharma), so segment demand mix drives overall performance.

Revenue by segment (latest quarter)
Nourish$1.5B
Scent$0.6B
Health & Biosciences$0.6B
Pharma Solutions$0.3B

Business quality (Weak): IFF is a specialty ingredients manufacturer with clear, reportable segment lines (Nourish, Scent, Health & Biosciences, Pharma Solutions), which helps investors see where sales come from. The main risk is segment-level volatility, since different segments can face different customer and end-market conditions.

Valuation: At 23× earnings, IFF trades 39% below the Chemicals average (38×). Note: one-time items can distort reported P/E.

Bull case

  • Diversified ingredient portfolio across reportable segments: IFF operates through Nourish, Scent, Health & Biosciences, and Pharma Solutions, spanning natural and plant-based food ingredients, cosmetic active and natural health ingredients, and pharma-related solutions.
  • Multiple product use-cases in consumer categories: Its ingredients are described as being used in various consumer products across regions, including flavor compounds and savory solutions for foods, and cosmetic active and natural health ingredients for health and personal care applications.

Bear case

  • Segment mix can shift results: Because sales are reported by segment, weaker performance in one segment (for example, Health & Biosciences or Pharma Solutions) can offset strength elsewhere.
  • Exposure to end-market demand: IFF does not sell finished consumer brands in the provided description. It sells ingredients that other companies incorporate into their products, so changes in customer demand for those final products can affect IFF sales.
Valuation — source: SEC EDGAR (first-party)
Price$84.31
Market Cap$21.51B
P/E Ratio80.9
EV / EBITDA15.7
Price / Book1.54
Price / Sales2.16
FCF Yield2.5%
DCF Value (model)$43.22
DCF Upside vs Price-48.7%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$10.89B
Net Margin-3.3%
Revenue Growth (YoY)-29.3%
EPS Growth (YoY)-91.6%
FCF Growth (YoY)95.9%
Financial Health — source: SEC EDGAR
Altman Z-Score1.41 (distress)
Piotroski F-Score6/9 (moderate)
Valuation vs Sector & Industry
Stock P/E80.9
Sector P/E (Materials)25.9
Industry P/E (Chemicals)31.1
vs Sector212.1%
vs Industry159.7%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderDodge & Cox ($2.65B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorMaterials
IndustryChemicals
CEOJon Erik Fyrwald
Employees22,400
CountryUS
IPO Date1974-12-17

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IFF earnings history · IFF institutional & insider holders · IFF KPIs & operating metrics · IFF financials · IFF investor presentations & press releases · IFF SEC filings · IFF peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.