International Flavors & Fragrances Inc (IFF)
Net profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -2,567,000 | 18,000 | -2,204,000 | -2,124,000 | -1,871,000 | -1,756,000 | 635,000 | 556,000 | 270,000 | 247,228 | 138,228 | 197,228 | 363,228 | 379,543 | 421,667 | 471,044 | 455,873 | 387,830 | 356,422 | 319,194 |
| Revenue (ttm) | US$ in thousands | 11,022,000 | 11,168,000 | 11,438,000 | 11,857,000 | 12,104,000 | 12,324,000 | 12,342,000 | 12,122,000 | 11,368,000 | 9,645,100 | 7,879,920 | 6,034,230 | 4,948,650 | 4,856,730 | 4,891,250 | 5,016,510 | 4,999,490 | 8,882,710 | 8,522,918 | 8,151,364 |
| Net profit margin | -23.29% | 0.16% | -19.27% | -17.91% | -15.46% | -14.25% | 5.15% | 4.59% | 2.38% | 2.56% | 1.75% | 3.27% | 7.34% | 7.81% | 8.62% | 9.39% | 9.12% | 4.37% | 4.18% | 3.92% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $-2,567,000K ÷ $11,022,000K
= -23.29%
The net profit margin of International Flavors & Fragrances Inc. has been fluctuating over the past eight quarters.
In Q4 2023, the net profit margin was negative at -22.33%, indicating that the company's expenses exceeded its revenue, resulting in a loss. This was a significant decline from the previous quarter (Q3 2023), where the net profit margin was only 0.18%, indicating a sharp deterioration in profitability.
Looking back over the past year, the company's net profit margins have generally been negative or low, with the highest being 5.01% in Q2 2022. This suggests that International Flavors & Fragrances Inc. has been facing challenges in generating profits and controlling costs.
The negative net profit margins in multiple quarters indicate that the company may be experiencing pricing pressures, higher operating expenses, or other challenges impacting its bottom line. Investors and stakeholders may view these trends as concerning, and the company may need to focus on improving its efficiency, cost management, and revenue generation strategies to enhance profitability in the future.
Peer comparison
Dec 31, 2023