International Flavors & Fragrances Inc (IFF)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 4,124,000 | 3,681,000 | 4,151,000 | 3,735,000 | 2,085,870 |
| Revenue | US$ in thousands | 11,484,000 | 11,479,000 | 12,440,000 | 11,656,000 | 5,084,240 |
| Gross profit margin | 35.91% | 32.07% | 33.37% | 32.04% | 41.03% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $4,124,000K ÷ $11,484,000K
= 35.91%
The gross profit margin of International Flavors & Fragrances Inc has exhibited some fluctuations over the years. In 2020, the gross profit margin stood at 41.03%, indicating a strong profitability in relation to their cost of goods sold. However, in 2021, there was a decrease to 32.04%, which may suggest potential challenges in managing production costs or pricing strategies.
In the subsequent years, there were incremental improvements in the gross profit margin, with figures of 33.37% in 2022, 32.07% in 2023, and a notable increase to 35.91% in 2024. These improvements reflect the company's efforts to enhance operational efficiency and possibly adjust pricing strategies to maintain profitability.
Overall, the trend in the gross profit margin of International Flavors & Fragrances Inc showcases a mixture of challenges and improvements, highlighting the importance of effective cost management and pricing strategies in ensuring sustainable profitability over time.
Peer comparison
Dec 31, 2024