The Filing Desk

Celanese vs International Flavors & Fragrances

Celanese CE · International Flavors & Fragrances IFF · Specialty Chemicals

International Flavors & Fragrances reported revenue of $10.9 billion in fiscal 2025, about the same as Celanese's $9.5 billion in fiscal 2025. Celanese's revenue fell 7.0% in its latest year, and International Flavors & Fragrances' fell 5.2%. Celanese had an operating margin of -8.2%, against -3.5% at International Flavors & Fragrances. Free cash flow was $803 million at Celanese and $256 million at International Flavors & Fragrances.

Side by side

CelaneseInternational Flavors & Fragrances
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$9.5B$10.9B
Revenue growth−7.0%−5.2%
Revenue growth a year, last 5 years11.0%16.5%
Gross margin20.4%36.2%
Operating margin−8.2%−3.5%
Net margin−12.2%−3.3%
Free cash flow$803M$256M
Free cash flow margin8.4%2.4%
Return on capital−3.7%−1.4%
Net debt to EBITDA—9.4x
Dividends and buybacks$13M$447M
Change in diluted share count0.2%0.0%
Last close$48.08$93.69
P/E at the last close—82.2×
Insider trades, last 12 monthsbought $593,258, sold $0bought $32.5 million, sold $1.3 million
Piotroski F-score5 of 96 of 9
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
CelaneseInternational Flavors & Fragrances
Operating margin
Percent of revenue
CelaneseInternational Flavors & Fragrances
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
CelaneseInternational Flavors & Fragrances

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Celanese and International Flavors & Fragrances pages.