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Side-by-side financial comparison of International Flavors & Fragrances (IFF) and NIO Inc. (NIO). Click either name above to swap in a different company.

NIO Inc. is the larger business by last-quarter revenue ($4.7B vs $2.6B, roughly 1.8× International Flavors & Fragrances). NIO Inc. runs the higher net margin — 0.8% vs 0.2%, a 0.6% gap on every dollar of revenue. International Flavors & Fragrances produced more free cash flow last quarter ($130.0M vs $-439.4M).

International Flavors & Fragrances Inc. (IFF) is an American corporation that creates products across taste, texture, scent, nutrition, enzymes, cultures, soy proteins, and probiotics categories, which it markets globally. It is headquartered in New York City and has creative, sales, and manufacturing facilities in 44 countries. The company is a member of the S&P 500 index.

Nio Inc. is a Chinese electric vehicle manufacturer headquartered in Shanghai. Founded in 2014, it adopted its current name in 2016. The company designs and sells electric vehicles, including sedans and SUVs, and has expanded into smartphone development.

IFF vs NIO — Head-to-Head

Bigger by revenue
NIO
NIO
1.8× larger
NIO
$4.7B
$2.6B
IFF
Higher net margin
NIO
NIO
0.6% more per $
NIO
0.8%
0.2%
IFF
More free cash flow
IFF
IFF
$569.4M more FCF
IFF
$130.0M
$-439.4M
NIO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IFF
IFF
NIO
NIO
Revenue
$2.6B
$4.7B
Net Profit
$5.0M
$38.7M
Gross Margin
34.4%
17.5%
Operating Margin
3.7%
1.5%
Net Margin
0.2%
0.8%
Revenue YoY
-6.6%
Net Profit YoY
110.9%
EPS (diluted)
$0.03
$0.05

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
IFF
IFF
NIO
NIO
Q1 26
$4.7B
Q4 25
$2.6B
Q3 25
$2.7B
$3.0B
Q2 25
$2.8B
$2.6B
Q1 25
$2.8B
$2.7B
Q4 24
$2.8B
Q3 24
$2.9B
Q2 24
$2.9B
Net Profit
IFF
IFF
NIO
NIO
Q1 26
$38.7M
Q4 25
$5.0M
Q3 25
$40.0M
$-505.2M
Q2 25
$612.0M
$-709.5M
Q1 25
$-1.0B
$-984.2M
Q4 24
$-46.0M
Q3 24
$59.0M
Q2 24
$170.0M
Gross Margin
IFF
IFF
NIO
NIO
Q1 26
17.5%
Q4 25
34.4%
Q3 25
36.5%
13.9%
Q2 25
37.3%
10.0%
Q1 25
36.4%
11.7%
Q4 24
35.4%
Q3 24
36.0%
Q2 24
37.0%
Operating Margin
IFF
IFF
NIO
NIO
Q1 26
1.5%
Q4 25
3.7%
Q3 25
8.4%
-16.2%
Q2 25
7.2%
-25.8%
Q1 25
-31.8%
-30.6%
Q4 24
4.6%
Q3 24
8.5%
Q2 24
6.6%
Net Margin
IFF
IFF
NIO
NIO
Q1 26
0.8%
Q4 25
0.2%
Q3 25
1.5%
-16.8%
Q2 25
22.1%
-27.0%
Q1 25
-35.8%
-36.2%
Q4 24
-1.7%
Q3 24
2.0%
Q2 24
5.9%
EPS (diluted)
IFF
IFF
NIO
NIO
Q1 26
$0.05
Q4 25
$0.03
Q3 25
$0.16
$-1.51
Q2 25
$2.38
$-2.31
Q1 25
$-3.98
$-3.47
Q4 24
$-0.17
Q3 24
$0.23
Q2 24
$0.66

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
IFF
IFF
NIO
NIO
Cash + ST InvestmentsLiquidity on hand
$590.0M
$4.4B
Total DebtLower is stronger
$5.6B
Stockholders' EquityBook value
$14.2B
$594.8M
Total Assets
$25.5B
$17.8B
Debt / EquityLower = less leverage
0.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IFF
IFF
NIO
NIO
Q1 26
$4.4B
Q4 25
$590.0M
Q3 25
$621.0M
Q2 25
$816.0M
$2.5B
Q1 25
$613.0M
$4.6B
Q4 24
$469.0M
Q3 24
$567.0M
Q2 24
$671.0M
Total Debt
IFF
IFF
NIO
NIO
Q1 26
Q4 25
$5.6B
Q3 25
Q2 25
Q1 25
Q4 24
$8.9B
Q3 24
Q2 24
Stockholders' Equity
IFF
IFF
NIO
NIO
Q1 26
$594.8M
Q4 25
$14.2B
Q3 25
$14.2B
Q2 25
$14.4B
$-168.3M
Q1 25
$13.2B
$817.5M
Q4 24
$13.9B
Q3 24
$14.8B
Q2 24
$14.3B
Total Assets
IFF
IFF
NIO
NIO
Q1 26
$17.8B
Q4 25
$25.5B
Q3 25
$25.8B
Q2 25
$26.1B
$14.0B
Q1 25
$28.3B
$14.7B
Q4 24
$28.7B
Q3 24
$29.9B
Q2 24
$29.5B
Debt / Equity
IFF
IFF
NIO
NIO
Q1 26
Q4 25
0.40×
Q3 25
Q2 25
Q1 25
Q4 24
0.64×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
IFF
IFF
NIO
NIO
Operating Cash FlowLast quarter
$318.0M
$427.9M
Free Cash FlowOCF − Capex
$130.0M
$-439.4M
FCF MarginFCF / Revenue
5.0%
-9.3%
Capex IntensityCapex / Revenue
7.3%
18.4%
Cash ConversionOCF / Net Profit
63.60×
11.07×
TTM Free Cash FlowTrailing 4 quarters
$256.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IFF
IFF
NIO
NIO
Q1 26
$427.9M
Q4 25
$318.0M
Q3 25
$164.0M
Q2 25
$241.0M
Q1 25
$127.0M
$-1.1B
Q4 24
$368.0M
Q3 24
$366.0M
Q2 24
$237.0M
Free Cash Flow
IFF
IFF
NIO
NIO
Q1 26
$-439.4M
Q4 25
$130.0M
Q3 25
$32.0M
Q2 25
$146.0M
Q1 25
$-52.0M
$-2.3B
Q4 24
$208.0M
Q3 24
$263.0M
Q2 24
$155.0M
FCF Margin
IFF
IFF
NIO
NIO
Q1 26
-9.3%
Q4 25
5.0%
Q3 25
1.2%
Q2 25
5.3%
Q1 25
-1.8%
-85.6%
Q4 24
7.5%
Q3 24
9.0%
Q2 24
5.4%
Capex Intensity
IFF
IFF
NIO
NIO
Q1 26
18.4%
Q4 25
7.3%
Q3 25
4.9%
Q2 25
3.4%
Q1 25
6.3%
46.1%
Q4 24
5.8%
Q3 24
3.5%
Q2 24
2.8%
Cash Conversion
IFF
IFF
NIO
NIO
Q1 26
11.07×
Q4 25
63.60×
Q3 25
4.10×
Q2 25
0.39×
Q1 25
Q4 24
Q3 24
6.20×
Q2 24
1.39×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

IFF
IFF

Food Ingredients$802.0M31%
Scent$610.0M24%
Other$589.0M23%
Taste$588.0M23%

NIO
NIO

Segment breakdown not available.

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