International Flavors & Fragrances vs Westlake
Westlake reported revenue of $11.2 billion in fiscal 2025, about the same as International Flavors & Fragrances' $10.9 billion in fiscal 2025. International Flavors & Fragrances' revenue fell 5.2% in its latest year, and Westlake's fell 8.0%. International Flavors & Fragrances had an operating margin of -3.5%, against -14.1% at Westlake. Free cash flow was $256 million at International Flavors & Fragrances and −$530 million at Westlake.
Side by side
| International Flavors & Fragrances | Westlake | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $10.9B | $11.2B |
| Revenue growth | −5.2% | −8.0% |
| Revenue growth a year, last 5 years | 16.5% | 8.3% |
| Gross margin | 36.2% | 7.3% |
| Operating margin | −3.5% | −14.1% |
| Net margin | −3.3% | −13.5% |
| Free cash flow | $256M | −$530M |
| Free cash flow margin | 2.4% | −4.7% |
| Return on capital | −1.4% | −10.0% |
| Net debt to EBITDA | 9.4x | — |
| Dividends and buybacks | $447M | $335M |
| Change in diluted share count | 0.0% | −0.7% |
| Last close | $93.69 | $65.31 |
| P/E at the last close | 82.2× | — |
| Insider trades, last 12 months | bought $32.5 million, sold $1.3 million | sold $10.2 million |
| Piotroski F-score | 6 of 9 | 3 of 9 |
Amounts in each company's own currency, US$ 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
International Flavors & FragrancesWestlake
Operating margin
Percent of revenue
International Flavors & FragrancesWestlake
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
International Flavors & FragrancesWestlake
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 International Flavors & Fragrances and Westlake pages.