International Flavors & Fragrances
International Flavors & Fragrances returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | 3.03% | 3.45% | — | — | — | -4.7 pp |
| FY 2026 Q1 | Mar 31, 2026 | — | 3.52% | — | — | — | — |
| FY 2025 Q4 | Dec 31, 2025 | — | -1.66% | — | — | -1.32% | — |
| FY 2025 Q3 | Sep 30, 2025 | — | -1.45% | — | — | — | — |
| FY 2025 Q2 | Jun 30, 2025 | — | -1.34% | — | — | — | — |
| FY 2025 Q1 | Mar 31, 2025 | — | -1.33% | — | — | — | — |
| FY 2024 Q4 | Dec 31, 2024 | 2.93% | 2.97% | — | — | 0.83% | -4.8 pp |
| FY 2024 Q3 | Sep 30, 2024 | — | -6.72% | — | — | — | — |
| FY 2024 Q2 | Jun 30, 2024 | — | -7.05% | — | — | — | — |
| FY 2024 Q1 | Mar 31, 2024 | — | -7.11% | — | — | — | — |
| FY 2023 Q4 | Dec 31, 2023 | — | -7.16% | — | — | -7.72% | — |
| FY 2023 Q3 | Sep 30, 2023 | 0.37% | 1.75% | — | — | — | -7.3 pp |
| FY 2023 Q2 | Jun 30, 2023 | — | -4.93% | — | — | — | — |
| FY 2023 Q1 | Mar 31, 2023 | — | -4.63% | — | — | — | — |
| FY 2022 Q4 | Dec 31, 2022 | — | -3.92% | — | — | -4.97% | — |
| FY 2022 Q3 | Sep 30, 2022 | — | -3.72% | — | — | — | — |
| FY 2022 Q2 | Jun 30, 2022 | 2.65% | 2.84% | — | — | — | -5 pp |
| FY 2022 Q1 | Mar 31, 2022 | 2.34% | 2.52% | — | — | — | -5.4 pp |
| FY 2021 Q4 | Dec 31, 2021 | 2.22% | 2.45% | -0.05% | — | 1.05% | -5.5 pp |
| FY 2021 Q3 | Sep 30, 2021 | 1.93% | 2.13% | -0.35% | — | — | -5.8 pp |
| FY 2021 Q2 | Jun 30, 2021 | 1.4% | 1.48% | -0.94% | — | — | -6.3 pp |
| FY 2021 Q1 | Mar 31, 2021 | 1.51% | 1.53% | -1.11% | — | — | -6.2 pp |
| FY 2020 Q4 | Dec 31, 2020 | 4.69% | 4.84% | -94.98% | — | 2.74% | -3 pp |
| FY 2020 Q3 | Sep 30, 2020 | 4.86% | 5.06% | — | — | — | -2.8 pp |
| FY 2020 Q2 | Jun 30, 2020 | 5.1% | 5.18% | — | — | — | -2.6 pp |
| FY 2020 Q1 | Mar 31, 2020 | 5.79% | 5.98% | — | — | — | -1.9 pp |
| FY 2019 Q4 | Dec 31, 2019 | 5.5% | 5.66% | 243.68% | — | 3.52% | -2.2 pp |
| FY 2019 Q3 | Sep 30, 2019 | 7.37% | 6.3% | 1.91% | 7.79% | 3.48% | -0.3 pp |
| FY 2019 Q2 | Jun 30, 2019 | 7.05% | 7.65% | 1.86% | 9.09% | 4.01% | -0.6 pp |
| FY 2019 Q1 | Mar 31, 2019 | 6.51% | 7.15% | 1.31% | 8.12% | 3.59% | -1.2 pp |
| FY 2018 Q4 | Dec 31, 2018 | 6.86% | 7.49% | 1.76% | 8.81% | 3.89% | -0.8 pp |
| FY 2018 Q3 | Sep 30, 2018 | 11.33% | 9.71% | -156.73% | 9.82% | 4.02% | 3.6 pp |
| FY 2018 Q2 | Jun 30, 2018 | 10.94% | 15.89% | -109.41% | 17.44% | 6.43% | 3.2 pp |
| FY 2018 Q1 | Mar 31, 2018 | 11.52% | 17.12% | -20.15% | 18.2% | 6.92% | 3.8 pp |
| FY 2017 Q4 | Dec 31, 2017 | 11.45% | 16.73% | -36.19% | 17.86% | 6.86% | 3.7 pp |
| FY 2017 Q3 | Sep 30, 2017 | 15.85% | 16.01% | 0.34% | 24.09% | 9.65% | 8.2 pp |
| FY 2017 Q2 | Jun 30, 2017 | 14.81% | 14.74% | -9.07% | 23.61% | 9.01% | 7.1 pp |
| FY 2017 Q1 | Mar 31, 2017 | 15.82% | 16.01% | -15.81% | 24.7% | 9.56% | 8.1 pp |
| FY 2016 Q4 | Dec 31, 2016 | 17.15% | 18.61% | -12.57% | 25.18% | 10.47% | 9.5 pp |
| FY 2016 Q3 | Sep 30, 2016 | 17.55% | 17.85% | -35.23% | 24.61% | 10.1% | 9.8 pp |
| FY 2016 Q2 | Jun 30, 2016 | 19.04% | 18.48% | 0.35% | 25.54% | 10.78% | 11.3 pp |
| FY 2016 Q1 | Mar 31, 2016 | 19.32% | 18.36% | -2.09% | 25.62% | 10.68% | 11.6 pp |
| FY 2015 Q4 | Dec 31, 2015 | 20.47% | 19.76% | 2.08% | 26.97% | 11.62% | 12.8 pp |
| FY 2015 Q3 | Sep 30, 2015 | 19.77% | 19.34% | 14.09% | 26.63% | 11.65% | 12.1 pp |
| FY 2015 Q2 | Jun 30, 2015 | 20.76% | 19.59% | 152.89% | 26.77% | 12.22% | 13.1 pp |
| FY 2015 Q1 | Mar 31, 2015 | 21.78% | 20.42% | — | 28.28% | 12.77% | 14.1 pp |
| FY 2014 Q4 | Dec 31, 2014 | 22.47% | 20.61% | — | 27.81% | 12.15% | 14.8 pp |
| FY 2014 Q3 | Sep 30, 2014 | 19.82% | 19.28% | 23.32% | 25.09% | 11.35% | 12.1 pp |
| FY 2014 Q2 | Jun 30, 2014 | 19.13% | 19.23% | 64.55% | 25.44% | 11.25% | 11.4 pp |
| FY 2014 Q1 | Mar 31, 2014 | 18.74% | 19.46% | 66.8% | 26.18% | 11.33% | 11 pp |
| FY 2013 Q4 | Dec 31, 2013 | 19.03% | 19.13% | 277.68% | 26.07% | 10.74% | 11.3 pp |
| FY 2013 Q3 | Sep 30, 2013 | 18.69% | 19.95% | — | 26.85% | 11.28% | 11 pp |
| FY 2013 Q2 | Jun 30, 2013 | 14.77% | 19.52% | -18.32% | 21.4% | 8.76% | 7.1 pp |
| FY 2013 Q1 | Mar 31, 2013 | 14.33% | 19.54% | -29.4% | 21.07% | 8.49% | 6.6 pp |
| FY 2012 Q4 | Dec 31, 2012 | 14.4% | 19.36% | -58.97% | 21.6% | 8.18% | 6.7 pp |
| FY 2012 Q3 | Sep 30, 2012 | 11.41% | 18.19% | -203.03% | 17.23% | 7% | 3.7 pp |
| FY 2012 Q2 | Jun 30, 2012 | 15.24% | 17.54% | — | 22.95% | 9.16% | 7.5 pp |
| FY 2012 Q1 | Mar 31, 2012 | 15.04% | 17.28% | -92.22% | 22.99% | 8.86% | 7.3 pp |
| FY 2011 Q4 | Dec 31, 2011 | 16.48% | 18.55% | 0.34% | 25.37% | 9.14% | 8.8 pp |
| FY 2011 Q3 | Sep 30, 2011 | 18.07% | 20.15% | — | 27.82% | 10.25% | 10.4 pp |
| FY 2011 Q2 | Jun 30, 2011 | 17.8% | 19.75% | — | 28.86% | 10.21% | 10.1 pp |
| FY 2011 Q1 | Mar 31, 2011 | — | — | — | — | — | — |
| FY 2010 Q4 | Dec 31, 2010 | — | — | — | — | — | — |
| FY 2010 Q3 | Sep 30, 2010 | — | — | — | — | — | — |
| FY 2010 Q2 | Jun 30, 2010 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 19, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · IFF, USD. Latest completed close Oct 27, 2026. Price data retrieved Oct 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.