International Flavors & Fragrances (IFF) FY2025 10-K Annual Report
International Flavors & Fragrances (IFF) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 27, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
International Flavors & Fragrances FY2025 10-K Analysis
Business Overview
- • Core model: leading creator/manufacturer of flavors, food ingredients, biotechnology-derived ingredients (enzymes, cultures, probiotics), and scents; $10.89B FY2025 sales
- • Structural change: former Nourish segment split into two new segments — Taste and Food Ingredients — effective January 1, 2025
Management Discussion & Analysis
- • Revenue $10.89B in 2025, down 5% reported vs $11.484B in 2024; comparable currency neutral basis up 2%, with ~$757M drag from divestitures
- • Gross margin 36.2% vs 35.9% in 2024; operating margin swung to -3.5% vs 6.7% in 2024, driven by $1.153B Food Ingredients goodwill impairment
Risk Factors
- • Antitrust investigations ongoing in multiple countries + class action lawsuits in U.S. and Canada; enforcement could bring significant fines and business restrictions
- • Total debt ~$5.994B as of Dec 31, 2025; dividend cut ~50% in Feb 2024 to accelerate deleveraging
International Flavors & Fragrances FY2025 Key Financial MetricsXBRL
Revenue
$10.9B
▼ -5.2% YoY
Net Income
-$361M
▼ -248.6% YoY
Gross Margin
36.2%
▲ +25bp YoY
Operating Margin
-3.5%
▼ -1018bp YoY
Net Margin
-3.3%
▼ -543bp YoY
ROE
-2.6%
▼ -430bp YoY
Total Assets
$25.5B
▼ -10.9% YoY
EPS (Diluted)
$-1.41
▼ -248.4% YoY
Operating Cash Flow
$850M
▼ -20.6% YoY
Source: XBRL data from International Flavors & Fragrances FY2025 10-K filing on SEC EDGAR. All figures in USD.
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