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International Flavors & Fragrances vs Westlake: revenue, profit, margins and growth compared

International Flavors & Fragrances brought in $10.9B of revenue in fiscal 2025, Westlake $11.2B in fiscal 2025. Revenue changed by -5.2% at International Flavors & Fragrances and -8.0% at Westlake on the year before, so International Flavors & Fragrances grew faster. International Flavors & Fragrances kept -3.3% of its revenue as net profit, Westlake -13.5%. Free cash flow was $256M at International Flavors & Fragrances and -$530M at Westlake.

Side by side, latest fiscal year

IFFWLK
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$10.9B$11.2B
Revenue growth-5.2%-8.0%
Net income-$361M-$1.5B
Net margin-3.3%-13.5%
Free cash flow$256M-$530M
Free cash flow margin2.4%-4.7%
Earnings per share (diluted)-$1.41-$11.70
Cash$590M$2.7B
Debt$5.6B$5.6B
Price to earningsn/an/a
Market value$21.9B$8.7B
Dividend yield1.87%3.12%
Rank by revenue in sector#62 of 451 · Industrials#58 of 451 · Industrials

Over the years

Revenue
IFF FY2018: $4BIFF FY2019: $5.1BIFF FY2020: $5.1BIFF FY2021: $11.7BIFF FY2022: $12.4BIFF FY2023: $11.5BIFF FY2024: $11.5BIFF FY2025: $10.9BWLK FY2018: $8.6BWLK FY2019: $8.1BWLK FY2020: $7.5BWLK FY2021: $11.8BWLK FY2022: $15.8BWLK FY2023: $12.5BWLK FY2024: $12.1BWLK FY2025: $11.2BFY18FY19FY20FY21FY22FY23FY24FY25
IFF $10.9BWLK $11.2B
Net income
IFF FY2018: $339.8MIFF FY2019: $456MIFF FY2020: $363MIFF FY2021: $270MIFF FY2022: -$1.9BIFF FY2023: -$2.6BIFF FY2024: $263MIFF FY2025: -$361MWLK FY2018: $996MWLK FY2019: $421MWLK FY2020: $330MWLK FY2021: $2BWLK FY2022: $2.2BWLK FY2023: $479MWLK FY2024: $602MWLK FY2025: -$1.5BFY18FY19FY20FY21FY22FY23FY24FY25
IFF -$361MWLK -$1.5B
Net margin
IFF FY2018: 8.5%IFF FY2019: 8.9%IFF FY2020: 7.1%IFF FY2021: 2.3%IFF FY2022: -15.0%IFF FY2023: -22.6%IFF FY2024: 2.3%IFF FY2025: -3.3%WLK FY2018: 11.5%WLK FY2019: 5.2%WLK FY2020: 4.4%WLK FY2021: 17.1%WLK FY2022: 14.2%WLK FY2023: 3.8%WLK FY2024: 5.0%WLK FY2025: -13.5%FY18FY19FY20FY21FY22FY23FY24FY25
IFF -3.3%WLK -13.5%
Revenue growth
IFF FY2019: +29.2%IFF FY2020: -1.1%IFF FY2021: +129.3%IFF FY2022: +6.7%IFF FY2023: -7.7%IFF FY2024: +0.0%IFF FY2025: -5.2%WLK FY2019: -6.0%WLK FY2020: -7.6%WLK FY2021: +57.0%WLK FY2022: +34.1%WLK FY2023: -20.6%WLK FY2024: -3.2%WLK FY2025: -8.0%FY19FY20FY21FY22FY23FY24FY25
IFF -5.2%WLK -8.0%
Free cash flow
IFF FY2018: $267.5MIFF FY2019: $463MIFF FY2020: $522MIFF FY2021: $1BIFF FY2022: -$107MIFF FY2023: $952MIFF FY2024: $607MIFF FY2025: $256MWLK FY2018: $707MWLK FY2019: $514MWLK FY2020: $772MWLK FY2021: $1.7BWLK FY2022: $2.3BWLK FY2023: $1.3BWLK FY2024: $306MWLK FY2025: -$530MFY18FY19FY20FY21FY22FY23FY24FY25
IFF $256MWLK -$530M

Fiscal years as each company reports them; the two may end in different months.

Questions about International Flavors & Fragrances and Westlake

Which is bigger by revenue, International Flavors & Fragrances or Westlake?

Westlake is bigger by revenue: $11.2B in fiscal 2025, against $10.9B for International Flavors & Fragrances in fiscal 2025.

Which keeps more of its revenue as profit, International Flavors & Fragrances or Westlake?

International Flavors & Fragrances had a net margin of -3.3% in fiscal 2025; Westlake had -13.5% in fiscal 2025.

Which grew revenue faster, International Flavors & Fragrances or Westlake?

In their latest fiscal years revenue changed by -5.2% at International Flavors & Fragrances and -8.0% at Westlake.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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