International Flavors & Fragrances (MIL:1IFF) EBIT: €884 Mil (TTM As of Mar. 2026)


MIL:1IFF International Flavors & Fragrances Inc MIL:1IFF
40 GF Score
Price €62.48
GF Value €59.93
Valuation Fairly Valued
! 9 Warning Signs
View Full Analysis

What is International Flavors & Fragrances EBIT?

International Flavors & Fragrances MIL:1IFF 40 EBIT is €884 Mil as of Mar. 2026. GuruFocus rates MIL:1IFF with a GF Score™ of 40/100 and a GF Value™ of €59.93 (Fairly Valued). The stock has 9 warning signs investors should review.

International Flavors & Fragrances's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €219 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €884 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. International Flavors & Fragrances's annualized ROC % for the quarter that ended in Mar. 2026 was 4.07%. International Flavors & Fragrances's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 15.20%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. International Flavors & Fragrances's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 3.98%.

International Flavors & Fragrances  (MIL:1IFF) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

International Flavors & Fragrances's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=965.34 * ( 1 - 18.66% )/( (19278.196 + 19281.715)/ 2 )
=785.207556/19279.9555
=4.07 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=21810.306 - 2028.25 - ( 503.86 - max(0, 3358.782 - 4777.276+503.86))
=19278.196

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=21749.56 - 1981.715 - ( 486.13 - max(0, 3152.925 - 4703.005+486.13))
=19281.715

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

International Flavors & Fragrances's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=875.38/( ( (3962.56 + max(1652.49, 0)) + (3979.865 + max(1922.895, 0)) )/ 2 )
=875.38/( ( 5615.05 + 5902.76 )/ 2 )
=875.38/5758.905
=15.20 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1478.274 + 2018.856 + 364.658) - (2028.25 + 0 + 181.048)
=1652.49

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1582.95 + 2050.05 + 429.04) - (1981.715 + 0 + 157.43)
=1922.895

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

International Flavors & Fragrances's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=883.952/22203.655
=3.98 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

International Flavors & Fragrances EBIT Related Terms

International Flavors & Fragrances EBIT Historical Data

* Premium members only.

The historical data trend for International Flavors & Fragrances's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

International Flavors & Fragrances EBIT Chart

International Flavors & Fragrances Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 569.06 -1,216.82 -1,960.55 585.42 -156.28

International Flavors & Fragrances Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -853.78 515.87 88.61 60.63 218.85

MIL:1IFF vs DD, ALB, LYB: EBIT Comparison

For the Specialty Chemicals subindustry, International Flavors & Fragrances's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

International Flavors & Fragrances EV-to-EBIT vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, International Flavors & Fragrances's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where International Flavors & Fragrances's EV-to-EBIT falls into.


MIL:1IFF
40GF Score
International Flavors & Fragrances Inc MIL:1IFF
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

International Flavors & Fragrances EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €884 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of €884 Mil mean?
International Flavors & Fragrances (MIL:1IFF) has a EBIT of €884 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on International Flavors & Fragrances.
Is International Flavors & Fragrances' EBIT too high?
International Flavors & Fragrances' current EBIT is €884 Mil. Overall, International Flavors & Fragrances has a GF Score™ of 40/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does International Flavors & Fragrances' EBIT compare to DD and ALB?
International Flavors & Fragrances' EBIT of €884 Mil can be compared against companies in the Chemicals industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Chemicals company?
A good EBIT depends on the Chemicals industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on International Flavors & Fragrances. International Flavors & Fragrances's current EBIT is €884 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is International Flavors & Fragrances stock overvalued right now?
Based on GuruFocus' analysis, International Flavors & Fragrances (MIL:1IFF) is currently considered Fairly Valued. The stock's GF Value™ is €59.93, compared to a current price of €62.48 — trading 4.3% above its estimated fair value. The current EBIT is €884 Mil. International Flavors & Fragrances' overall GF Score™ is 40/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For International Flavors & Fragrances (MIL:1IFF), the current EBIT is €884 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is International Flavors & Fragrances (MIL:1IFF) Overvalued in 2026?

Based on GuruFocus' analysis, International Flavors & Fragrances stock appears to be overvalued. The current stock price of €62.48 is trading 4.3% above its estimated GF Value™ of €59.93. GuruFocus considers International Flavors & Fragrances to be Fairly Valued.

Key valuation signals for MIL:1IFF:

  • EBIT: €884 Mil
  • GF Value™: €59.93 vs. price of €62.48 (4.3% above fair value)
  • GF Score™: 40/100 with 9 warning signs

No single metric tells the full story. See the MIL:1IFF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

International Flavors & Fragrances Business Description

Address 521 West 57th Street, New York, NY, USA, 10019-2960
International Flavors & Fragrances is the largest specialty ingredients producer globally. It sells ingredients for the food, beverage, health, household goods, personal care, and pharmaceutical industries. The company makes proprietary formulations and partners with customers to deliver custom solutions. Through its taste and scent segments, which each generate around 25% of profits, IFF is a leading flavor and fragrance producer. The health and biosciences business, which generates 30% of profits, is a global leader in probiotics and enzymes. The remaining profits come from the food ingredients business, which sells texturants, plant-based proteins, and other ingredients, though IFF plans to divest it in a deal expected to close in 2027.
40GF Score

Get the complete analysis for MIL:1IFF

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€62.48
Price
€59.93
GF Value