International Flavors & Fragrances
IFF · Specialty Chemicals
$94.15
0.3%RPM International
RPM · Specialty Chemicals
$98.74
2.9%The short version
- International Flavors & Fragrances is the larger business, with $10.9B of revenue in fiscal 2025 against $7.9B for RPM International.
- RPM International grew revenue faster (6.7%, against −5.2%).
- RPM International turned more of its sales into free cash flow (8.6% FCF margin, against 2.4% FCF margin).
- RPM International earned a higher return on the capital invested in it (13.9%, against −1.4%).
- Investors pay more for each dollar of International Flavors & Fragrances’s earnings: a P/E of 82.6x against 18.3x for RPM International.
| Latest fiscal year | IFF · FY25 | RPM · FY26 |
|---|---|---|
| Size | ||
| Market cap | $24.2B | $12.6B |
| Revenue | $10.9B | $7.9B |
| Free cash flow | $256M | $675M |
| Net income | −$359M | $661M |
| Growth | ||
| Revenue growth | −5.2% | 6.7% |
| 5-year growth | 16.5% | 5.2% |
| Share count change | 0.0% | −0.5% |
| Profitability | ||
| Gross margin | 36.2% | 41.4% |
| Operating margin | −3.5% | — |
| Net margin | −3.3% | 8.4% |
| FCF margin | 2.4% | 8.6% |
| Return on capital | −1.4% | 13.9% |
| Return on equity | −2.6% | 21.4% |
| Balance sheet | ||
| Net debt | $5.4B | $2.2B |
| Net debt / EBITDA | 9.4x | 1.9x |
| Dividends and buybacks | $447M | $349M |
| Valuation & quality | ||
| P/E | 82.6x | 18.3x |
| Piotroski F-score | 6 | 6 |
FY17
IFF $3.4B
RPM $5.0B
FY18
IFF $4.0B
RPM $5.3B
FY19
IFF $5.1B
RPM $5.6B
FY20
IFF $5.1B
RPM $5.5B
FY21
IFF $11.7B
RPM $6.1B
FY22
IFF $12.4B
RPM $6.7B
FY23
IFF $11.5B
RPM $7.3B
FY24
IFF $11.5B
RPM $7.3B
FY25
IFF $10.9B
RPM $7.4B
FY26
IFF —
RPM $7.9B
IFF
RPM
FY17
IFF 16.3%
RPM —
FY18
IFF 14.7%
RPM —
FY19
IFF 12.9%
RPM —
FY20
IFF 11.1%
RPM —
FY21
IFF 5.0%
RPM —
FY22
IFF −10.7%
RPM —
FY23
IFF −18.4%
RPM —
FY24
IFF 6.7%
RPM —
FY25
IFF −3.5%
RPM —
FY26
IFF —
RPM —
IFF
RPM
FY17
IFF $262M
RPM $260M
FY18
IFF $267M
RPM $276M
FY19
IFF $463M
RPM $156M
FY20
IFF $522M
RPM $402M
FY21
IFF $1.0B
RPM $609M
FY22
IFF −$107M
RPM −$43.7M
FY23
IFF $952M
RPM $323M
FY24
IFF $607M
RPM $908M
FY25
IFF $256M
RPM $538M
FY26
IFF —
RPM $675M
IFF
RPM
FY17
IFF 10.9%
RPM 8.7%
FY18
IFF 6.9%
RPM 12.8%
FY19
IFF 5.5%
RPM 9.7%
FY20
IFF 4.7%
RPM 10.5%
FY21
IFF 2.2%
RPM 15.3%
FY22
IFF −3.5%
RPM 13.5%
FY23
IFF −6.4%
RPM 12.5%
FY24
IFF 2.9%
RPM 15.1%
FY25
IFF −1.4%
RPM 16.1%
FY26
IFF —
RPM 13.9%
IFF
RPM
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.