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International Flavors & Fragrances IFF Net Operating Loss Carryforwards

Net Operating Loss Carryforwards at other companies

McCormick & Company, Incorporated logo
McCormick & Company, IncorporatedMKC
$112.3M-3.0%
BioLife Solutions logo
BioLife SolutionsBLFS
$3.5M-94.0%

Other financials

Income statement

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Revenue$2.7B-3.6%
Gross profit$1.0B-1.6%
Operating income$273.0M+130%
Net income$169.0M+117%
EPS (diluted)$0.66+117%

Balance sheet

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Cash & equivalents$562.0M-13.5%
Total debt$6.3B-35.5%
Total equity$14.1B+7.2%
Total assets$25.1B-11.0%

Cash flow

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Operating cash flow$257.0M+102%
CapEx$165.0M-7.8%
Free cash flow$92.0M+277%

Valuation

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Market cap$21.57B+27.2%
Enterprise value$27.35B+19.5%
P/E26.3×
P/S+0.5×

Profitability

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Gross margin36.3%+0.2pp
Operating margin-3.2%-1.4pp
Net margin7.6%+5.2pp
FCF margin3.7%-1.3pp

Returns & leverage

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Return on equity6%+4.0pp
Debt / equity0.4×-0.3×
Current ratio1.5×-0.4×

Where this comes from

Reported directly by International Flavors & Fragrances in its filing.

Tagged under the XBRL concept us-gaap:OperatingLossCarryforwards.

The source filing: International Flavors & Fragrances’s 10-K, filed February 27, 2026.

Filed
Feb 27, 2026, 5:16 PM EST
Fiscal year
FY2025
Accession
0000051253-26-000006

Net operating loss carryforwards were approximately $334 million and $267 million as of December 31, 2025 and 2024, respectively. If unused, approximately $103 million will expire between 2026 and 2045. The remainder, totaling approximately $231 million, may be carried forward indefinitely. Tax credit carryforwards were approximately $21 million as of both December 31, 2025 and 2024. If unused, the $21 million will expire between 2026 and 2045.

ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES.

FAQ

What is International Flavors & Fragrances's net operating loss carryforwards?
International Flavors & Fragrances (IFF) reported net operating loss carryforwards of $334M in Q4 2025.
How has International Flavors & Fragrances's net operating loss carryforwards changed year-over-year?
International Flavors & Fragrances's net operating loss carryforwards increased by 25.1% year-over-year, from $267M to $334M.
What is the long-term trend for International Flavors & Fragrances's net operating loss carryforwards?
Over 5 years (2020 to 2025), International Flavors & Fragrances's net operating loss carryforwards has grown at a 4.3% compound annual growth rate (CAGR), from $271M to $334M.
What does net operating loss carryforwards mean?
These are tax assets representing losses that can be used to reduce taxable income in future periods. They provide a potential future tax shield, improving cash flow by lowering future tax payments. Investors monitor these to estimate the duration and magnitude of potential tax savings.

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