International Flavors & Fragrances Inc (IFF)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 243,000 | -2,565,000 | -1,836,000 | 268,000 | 365,000 |
| Revenue | US$ in thousands | 11,484,000 | 11,479,000 | 12,440,000 | 11,656,000 | 5,084,240 |
| Net profit margin | 2.12% | -22.35% | -14.76% | 2.30% | 7.18% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $243,000K ÷ $11,484,000K
= 2.12%
The net profit margin of International Flavors & Fragrances Inc has shown a fluctuating trend over the past five years. Starting at 7.18% on December 31, 2020, the margin decreased to 2.30% by December 31, 2021, indicating a decline in profitability. However, there was a significant negative turn in the following years, with margins dropping to -14.76% on December 31, 2022, and further to -22.35% by December 31, 2023, reflecting challenges in generating profits relative to revenue.
The firm managed to improve its net profit margin slightly by achieving 2.12% by December 31, 2024, which may suggest efforts to enhance profitability. Overall, the downward trend in net profit margin from 2021 to 2023 might raise concerns about the company's operational efficiency and cost management. Further analysis of the factors influencing this trend would be essential to determine the underlying reasons for these fluctuating margins.
Peer comparison
Dec 31, 2024