Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $5,084 | $11,656 | $12,440 | $11,479 | $11,484 |
| Gross Profit | $2,086 | $3,735 | $4,151 | $3,681 | $4,124 |
| Operating Income | $566 | $585 | -$1,326 | -$2,110 | $766 |
| Net Income | $367 | $279 | -$1,864 | -$2,563 | $247 |
Over the analyzed period, INTERNATIONAL FLAVORS & FRAGRANCES INC. experienced significant fluctuations in its profitability metrics against a backdrop of overall revenue growth. In 2020, the company reported revenue of approximately USD 5.08 billion with solid gross and operating profits. A remarkable increase occurred in 2021 when revenue more than doubled to roughly USD 11.66 billion with a modest improvement in operating income; however, net income declined slightly from USD 367 million to USD 279 million, suggesting rising costs or margin pressures despite higher sales volumes. The year-over-year jump in revenue between 2020 and 2021 marks a substantial growth phase, while the declining net income may hint at operational adjustments or cost inefficiencies during this expansion. The period from 2022 to 2023 saw significant setbacks, with operating income plunging from a positive USD 585 million in 2021 to a loss of USD 1.33 billion in 2022, and further worsening to a negative USD 2.11 billion in 2023; net income reflected this downward trend, moving into the negative territory for both years. These swings—exceeding a 20% change—suggest that the company faced considerable operational or market challenges, possibly related to cost pressures or disruptions in its supply chain typical of the flavor and fragrance industry. Notably, in 2024, the recovery in operating income (USD 766 million) and the rebound to a small positive net income (USD 247 million) imply that the company may be addressing these issues effectively. Overall, while strong revenue performance continues to drive the business, the dramatic fluctuations in margins call for close scrutiny to ensure sustained profitability and financial health moving forward.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.