International Flavors & Fragrances Inc (IFF)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 278,000 | -2,518,000 | -1,625,000 | 354,000 | 441,371 |
| Revenue | US$ in thousands | 11,484,000 | 11,479,000 | 12,440,000 | 11,656,000 | 5,084,240 |
| Pretax margin | 2.42% | -21.94% | -13.06% | 3.04% | 8.68% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $278,000K ÷ $11,484,000K
= 2.42%
The pretax margin of International Flavors & Fragrances Inc has exhibited fluctuations over the past five years. In December 2020, the pretax margin stood at 8.68%, indicating a healthy level of profitability before taxes. However, there was a notable decline in profitability by December 2021, when the pretax margin decreased to 3.04%. This trend worsened in the following years, with pretax margins of -13.06% in 2022 and -21.94% in 2023, implying losses before accounting for taxes.
Nevertheless, there was a slight improvement in the company's performance by December 2024, as the pretax margin recovered to 2.42%, although it remained relatively low compared to previous years. Overall, the pretax margin trend for International Flavors & Fragrances Inc indicates volatility and potential financial challenges that the company may need to address to enhance its profitability and financial health in the future.
Peer comparison
Dec 31, 2024