International Flavors & Fragran — Earnings Quality Grade F
IFF · Basic Materials
Major red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 58 days, change +6 days YoY
AR growth 6.6% vs revenue growth -5.2%
Revenue -5.2%, CFFO -20.6%. Cash follows revenue
Expense Quality
Inventory 4.8% vs COGS -5.5%. Normal
CapEx growth 27.4% is >2x revenue growth -5.2%
SG&A/Gross Profit = 46.6%. Normal
Gross margin 36.2%, change +0.3pp. Stable
Cash Flow Quality
CFFO/NI = -2.35. Below 1.0
FCF $0.3B, FCF/NI = -0.70
Accruals ratio = -4.7%. Low accruals
Cash $0.6B covers only 9% of debt $6.6B
Balance Sheet Health
Goodwill+Intangibles $14.3B = 101% of equity. Over 50%
Debt/EBITDA = 8.5x (>4x). Financial stress
Other assets 6.2% vs revenue -5.2%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -8% YoY. Normal
Manipulation Score
M-Score = -2.54 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-10