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

International Flavors & Fragrances brought in $10.9B of revenue in fiscal 2025, Westlake Chemical Partners $1.2B in fiscal 2025. Revenue changed by -5.2% at International Flavors & Fragrances and +2.7% at Westlake Chemical Partners on the year before, so Westlake Chemical Partners grew faster. International Flavors & Fragrances kept -3.3% of its revenue as net profit, Westlake Chemical Partners 4.2%. Free cash flow was $256M at International Flavors & Fragrances and $201.7M at Westlake Chemical Partners.

Side by side, latest fiscal year

IFFWLKP
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$10.9B$1.2B
Revenue growth-5.2%+2.7%
Net income-$361M$48.7M
Net margin-3.3%4.2%
Free cash flow$256M$201.7M
Free cash flow margin2.4%17.3%
Earnings per share (diluted)-$1.41n/a
Cash$590M$44.3M
Debt$5.6Bn/a
Price to earningsn/an/a
Market value$21.9B$761.3M
Dividend yield1.87%n/a
Rank by revenue in sector#62 of 451 · Industrials#260 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: $10.9BWLKP FY2018: $1.3BWLKP FY2019: $1.1BWLKP FY2020: $966.7MWLKP FY2021: $1.2BWLKP FY2022: $1.6BWLKP FY2023: $1.2BWLKP FY2024: $1.1BWLKP FY2025: $1.2BFY18FY19FY20FY21FY22FY23FY24FY25
IFF $10.9BWLKP $1.2B
Net income
IFF FY2018: $339.8MIFF FY2019: $456MIFF FY2020: $363MIFF FY2021: $270MIFF FY2022: -$1.9BIFF FY2023: -$2.6BIFF FY2024: $263MIFF FY2025: -$361MWLKP FY2018: $49.3MWLKP FY2019: $61MWLKP FY2020: $66.2MWLKP FY2021: $82.5MWLKP FY2022: $64.2MWLKP FY2023: $54.3MWLKP FY2024: $62.4MWLKP FY2025: $48.7MFY18FY19FY20FY21FY22FY23FY24FY25
IFF -$361MWLKP $48.7M
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%WLKP FY2018: 3.8%WLKP FY2019: 5.6%WLKP FY2020: 6.8%WLKP FY2021: 6.8%WLKP FY2022: 4.0%WLKP FY2023: 4.6%WLKP FY2024: 5.5%WLKP FY2025: 4.2%FY18FY19FY20FY21FY22FY23FY24FY25
IFF -3.3%WLKP 4.2%
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%WLKP FY2019: -15.1%WLKP FY2020: -11.5%WLKP FY2021: +25.7%WLKP FY2022: +31.1%WLKP FY2023: -25.3%WLKP FY2024: -4.6%WLKP FY2025: +2.7%FY19FY20FY21FY22FY23FY24FY25
IFF -5.2%WLKP +2.7%
Free cash flow
IFF FY2018: $267.5MIFF FY2019: $463MIFF FY2020: $522MIFF FY2021: $1BIFF FY2022: -$107MIFF FY2023: $952MIFF FY2024: $607MIFF FY2025: $256MWLKP FY2018: $396.3MWLKP FY2019: $407.1MWLKP FY2020: $336.4MWLKP FY2021: $327.3MWLKP FY2022: $409.6MWLKP FY2023: $405.2MWLKP FY2024: $436MWLKP FY2025: $201.7MFY18FY19FY20FY21FY22FY23FY24FY25
IFF $256MWLKP $201.7M

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

Questions about International Flavors & Fragrances and Westlake Chemical Partners

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

International Flavors & Fragrances is bigger by revenue: $10.9B in fiscal 2025, against $1.2B for Westlake Chemical Partners in fiscal 2025.

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

International Flavors & Fragrances had a net margin of -3.3% in fiscal 2025; Westlake Chemical Partners had 4.2% in fiscal 2025.

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

In their latest fiscal years revenue changed by -5.2% at International Flavors & Fragrances and +2.7% at Westlake Chemical Partners.

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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