International Flavors & Fragrances Inc (IFF)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 278,000 | -2,249,000 | -2,285,000 | -2,418,000 | -2,519,000 | 118,000 | -1,976,000 | -1,896,000 | -1,625,000 | -1,506,000 | 779,000 | 693,000 | 354,000 | 319,298 | 174,798 | 233,863 | 441,371 | 458,600 | 509,966 | 576,382 |
| Revenue (ttm) | US$ in thousands | 11,484,000 | 11,416,000 | 11,311,000 | 11,351,000 | 11,479,000 | 11,620,000 | 11,863,000 | 12,241,000 | 12,440,000 | 12,627,000 | 12,635,000 | 12,417,000 | 11,656,000 | 9,895,070 | 8,092,150 | 6,201,920 | 5,084,240 | 5,097,940 | 5,097,200 | 5,190,000 |
| Pretax margin | 2.42% | -19.70% | -20.20% | -21.30% | -21.94% | 1.02% | -16.66% | -15.49% | -13.06% | -11.93% | 6.17% | 5.58% | 3.04% | 3.23% | 2.16% | 3.77% | 8.68% | 9.00% | 10.00% | 11.11% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $278,000K ÷ $11,484,000K
= 2.42%
The pretax margin of International Flavors & Fragrances Inc has shown significant fluctuations over the period from March 31, 2020, to December 31, 2024.
The pretax margin started at a strong level of 11.11% in March 31, 2020, but steadily declined to 2.16% by June 30, 2021. This downward trend continued, with the pretax margin reaching negative territory, hitting a low of -21.30% by March 31, 2024.
However, there was a slight improvement in the pretax margin in the subsequent quarters, with the margin increasing to 2.42% by December 31, 2024. Despite the improvement in the last quarter, the pretax margin still remains lower than the initial levels observed at the beginning of the period.
The negative pretax margins observed in some quarters indicate that the company's expenses and costs exceeded its revenues, leading to overall losses before taxes. This could be a cause for concern as it may impact the company's profitability and financial health. Further analysis of the company's cost structure and revenue generation strategies may be necessary to understand the reasons behind these fluctuations in the pretax margin.
Peer comparison
Dec 31, 2024