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% | — | -2.58% | -1.32% | — |
| FY 2025 Q3 | Sep 30, 2025 | — | -1.45% | — | -2.84% | — | — |
| FY 2025 Q2 | Jun 30, 2025 | — | -1.34% | — | -2.74% | — | — |
| FY 2025 Q1 | Mar 31, 2025 | — | -1.33% | — | -6.08% | — | — |
| FY 2024 Q4 | Dec 31, 2024 | 2.93% | 2.97% | — | 1.71% | 0.83% | -4.8 pp |
| FY 2024 Q3 | Sep 30, 2024 | — | -6.72% | — | -14.62% | — | — |
| FY 2024 Q2 | Jun 30, 2024 | — | -7.05% | — | -14.78% | — | — |
| FY 2024 Q1 | Mar 31, 2024 | — | -7.11% | — | -15.59% | — | — |
| FY 2023 Q4 | Dec 31, 2023 | — | -7.16% | — | -15.9% | -7.72% | — |
| FY 2023 Q3 | Sep 30, 2023 | 0.37% | 1.75% | — | 0.11% | — | -7.3 pp |
| FY 2023 Q2 | Jun 30, 2023 | — | -4.93% | — | -11.64% | — | — |
| FY 2023 Q1 | Mar 31, 2023 | — | -4.63% | — | -10.98% | — | — |
| FY 2022 Q4 | Dec 31, 2022 | — | -3.92% | — | -9.65% | -4.97% | — |
| FY 2022 Q3 | Sep 30, 2022 | — | -3.72% | — | -9.17% | — | — |
| FY 2022 Q2 | Jun 30, 2022 | 2.65% | 2.84% | — | 3.02% | — | -5 pp |
| FY 2022 Q1 | Mar 31, 2022 | 2.34% | 2.52% | — | 2.61% | — | -5.4 pp |
| FY 2021 Q4 | Dec 31, 2021 | 2.22% | 2.45% | -0.05% | 1.97% | 1.05% | -5.5 pp |
| FY 2021 Q3 | Sep 30, 2021 | 1.93% | 2.13% | -0.35% | 1.8% | — | -5.8 pp |
| FY 2021 Q2 | Jun 30, 2021 | 1.4% | 1.48% | -0.94% | 1% | — | -6.3 pp |
| FY 2021 Q1 | Mar 31, 2021 | 1.51% | 1.53% | -1.11% | 1.43% | — | -6.2 pp |
| FY 2020 Q4 | Dec 31, 2020 | 4.69% | 4.84% | -94.98% | 5.8% | 2.74% | -3 pp |
| FY 2020 Q3 | Sep 30, 2020 | 4.86% | 5.06% | — | 6.25% | — | -2.8 pp |
| FY 2020 Q2 | Jun 30, 2020 | 5.1% | 5.18% | — | 6.92% | — | -2.6 pp |
| FY 2020 Q1 | Mar 31, 2020 | 5.79% | 5.98% | — | 7.88% | — | -1.9 pp |
| FY 2019 Q4 | Dec 31, 2019 | 5.5% | 5.66% | 243.68% | 7.44% | 3.52% | -2.2 pp |
| FY 2019 Q3 | Sep 30, 2019 | 7.37% | 6.3% | — | 7.64% | 3.48% | -0.3 pp |
| FY 2019 Q2 | Jun 30, 2019 | 7.05% | 7.65% | — | 8.91% | 4.01% | -0.6 pp |
| FY 2019 Q1 | Mar 31, 2019 | 6.51% | 7.15% | — | 8% | 3.59% | -1.2 pp |
| FY 2018 Q4 | Dec 31, 2018 | — | — | — | — | — | — |
| FY 2018 Q3 | Sep 30, 2018 | — | — | — | — | — | — |
| FY 2018 Q2 | Jun 30, 2018 | — | — | — | — | — | — |
| FY 2018 Q1 | Mar 31, 2018 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 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 Sep 25, 2026. Price data retrieved Sep 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.