IFF vs. PPG: Intl Flavors & Fragrances vs. PPG Industries Stock Comparison

November 11, 2026

How do Intl Flavors & Fragrances (IFF) and PPG Industries (PPG) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Intl Flavors & Fragrances (IFF) and PPG Industries (PPG) are both classified in the Specialty Chemicals sub-industry within the broader Chemicals industry, placing them in the closest GICS peer bucket.

Company profile comparison for Intl Flavors & Fragrances (IFF) and PPG Industries (PPG)
Profile Item	IFF	PPG
Name	International Flavors & Fragrances, Inc.	PPG Industries, Inc.
Country/Region	United States	United States
GICS Sector	Materials	Materials
GICS Industry Group	Materials	Materials
GICS Industry	Chemicals	Chemicals
GICS Sub-Industry	Specialty Chemicals	Specialty Chemicals
Market Capitalization	20.69 billion USD	27.03 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	December 17, 1974	March 17, 1980
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

IFF

PPG

GSPC

Intl Flavors & Fragrances (IFF) vs. PPG Industries (PPG), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Intl Flavors & Fragrances (IFF) and PPG Industries (PPG). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Intl Flavors & Fragrances (IFF) and PPG Industries (PPG). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Intl Flavors & Fragrances (IFF) and PPG Industries (PPG)
Metric	IFF	PPG
Total Return (1Y)	40.13%	33.84%
Total Return (3Y, Annualized)	8.28%	1.70%
Total Return (5Y, Annualized)	-8.71%	-2.93%

Risk Profile

Drawdown History

IFF

PPG

GSPC

Intl Flavors & Fragrances (IFF) vs. PPG Industries (PPG), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Intl Flavors & Fragrances (IFF) and PPG Industries (PPG). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Intl Flavors & Fragrances (IFF) and PPG Industries (PPG)
Metric	IFF	PPG
Volatility (1Y, Annualized)	36.26%	31.28%
Beta (5Y)	0.88	0.97
Max Drawdown (5Y)	-56.66%	-43.55%
Avg. Volume (3M)	1.88M	1.73M

Risk-Adjusted Performance

Risk-Return Positioning

IFF and PPG are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Intl Flavors & Fragrances (IFF) and PPG Industries (PPG)
Metric	IFF	PPG
Sharpe Ratio (1Y)	0.99	0.95
Sortino Ratio (1Y)	1.71	1.45

Profitability

ROE (TTM)

Intl Flavors & Fragrances (IFF) reports a negative ROE of -7.37%; negative ROE can reflect losses or negative shareholders’ equity, so it is harder to read as capital efficiency. Meanwhile PPG Industries (PPG) reports 19.49%, ranking against industry peers normally.

IFF

Materials industry group

-7.37%

Max: 52.88%
Q3: 19.49%
Median: 8.76%
Q1: -3.41%
IFF: -7.37%
Min: -32.81%

PPG

Materials industry group

19.49%

Max: 52.88%
PPG: 19.49%
Q3: 19.49%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

Intl Flavors & Fragrances (IFF) vs. PPG Industries (PPG): A comparison of their ROE against the Materials industry group benchmark.

Net Margin (TTM)

Both Intl Flavors & Fragrances (IFF) at 1.68% and PPG Industries (PPG) at 9.41% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

IFF

Materials industry group

1.68%

Max: 38.66%
Q3: 15.98%
Median: 5.28%
IFF: 1.68%
Q1: 0.00%
Min: -20.40%

PPG

Materials industry group

9.41%

Max: 38.66%
Q3: 15.98%
PPG: 9.41%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

Intl Flavors & Fragrances (IFF) vs. PPG Industries (PPG): A comparison of their net margin against the Materials industry group benchmark.

Operating Margin (TTM)

Both Intl Flavors & Fragrances (IFF) at 9.53% and PPG Industries (PPG) at 14.66% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

IFF

Materials industry group

9.53%

Max: 66.70%
Q3: 28.92%
Median: 12.56%
IFF: 9.53%
Q1: 3.28%
Min: -14.07%

PPG

Materials industry group

14.66%

Max: 66.70%
Q3: 28.92%
PPG: 14.66%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

Intl Flavors & Fragrances (IFF) vs. PPG Industries (PPG): A comparison of their operating margin against the Materials industry group benchmark.

Profitability Metrics

Profitability metrics for Intl Flavors & Fragrances (IFF) and PPG Industries (PPG)
Metric	IFF	PPG
ROE (TTM)	-7.37%	19.49%
ROA (TTM)	2.18%	6.22%
Net Margin (TTM)	1.68%	9.41%
Operating Margin (TTM)	9.53%	14.66%
Gross Margin (TTM)	36.27%	41.18%

Growth

Revenue Growth

PPG Industries (PPG) at 0.19% is around its peer norm for revenue growth, while Intl Flavors & Fragrances (IFF) at -5.17% drops into the bottom quartile, signaling weaker demand or pricing momentum.

Intl Flavors & Fragrances (IFF) vs. PPG Industries (PPG): A comparison of their Revenue Growth across different time periods.

EPS Growth

PPG Industries (PPG) at 46.11% is around its peer norm for EPS growth, while Intl Flavors & Fragrances (IFF) at -248.42% drops into the bottom quartile, signaling weaker earnings momentum.

Intl Flavors & Fragrances (IFF) vs. PPG Industries (PPG): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Intl Flavors & Fragrances (IFF) and PPG Industries (PPG)
Metric	IFF	PPG
Revenue Growth (YoY)	-5.17%	0.19%
Revenue Growth (3Y CAGR)	-4.34%	0.55%
EPS Growth (YoY)	-248.42%	46.11%
EPS Growth (3Y CAGR)	--	17.12%

Financial Strength

Current Ratio (MRQ)

Both Intl Flavors & Fragrances (IFF) at 1.87 and PPG Industries (PPG) at 1.58 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

IFF

Materials industry group

1.87

Max: 5.96
Q3: 3.30
Median: 2.24
IFF: 1.87
Q1: 1.45
Min: 0.16

PPG

Materials industry group

1.58

Max: 5.96
Q3: 3.30
Median: 2.24
PPG: 1.58
Q1: 1.45
Min: 0.16

Intl Flavors & Fragrances (IFF) vs. PPG Industries (PPG): A comparison of their current ratio against the Materials industry group benchmark.

Debt / Equity (MRQ)

Both Intl Flavors & Fragrances (IFF) at 0.51 and PPG Industries (PPG) at 0.87 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

IFF

Materials industry group

0.51

Max: 1.98
Q3: 0.89
IFF: 0.51
Median: 0.47
Q1: 0.13
Min: 0.00

PPG

Materials industry group

0.87

Max: 1.98
Q3: 0.89
PPG: 0.87
Median: 0.47
Q1: 0.13
Min: 0.00

Intl Flavors & Fragrances (IFF) vs. PPG Industries (PPG): A comparison of their debt-to-equity ratio against the Materials industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Intl Flavors & Fragrances (IFF) and PPG Industries (PPG)
Metric	IFF	PPG
Current Ratio (MRQ)	1.87	1.58
Debt / Equity (MRQ)	0.51	0.87
Net Debt / EBITDA	3.51	2.11

Dividends

Dividend Yield (TTM)

Both Intl Flavors & Fragrances (IFF) at 1.85% and PPG Industries (PPG) at 2.33% offer top-quartile dividend income relative to share price within their industries.

IFF

Materials industry group

1.85%

Max: 4.52%
IFF: 1.85%
Q3: 1.85%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

PPG

Materials industry group

2.33%

Max: 4.52%
PPG: 2.33%
Q3: 1.85%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

Intl Flavors & Fragrances (IFF) vs. PPG Industries (PPG): A comparison of their dividend yield against the Materials industry group benchmark.

Dividend Payout Ratio (TTM)

PPG Industries (PPG) at 40.31% pays out a band-typical share of earnings, while Intl Flavors & Fragrances (IFF) at 62.26% distributes more than its industry norm — less retained, thinner cover.

IFF

Materials industry group

62.26%

Max: 83.62%
IFF: 62.26%
Q3: 41.37%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

PPG

Materials industry group

40.31%

Max: 83.62%
Q3: 41.37%
PPG: 40.31%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

Intl Flavors & Fragrances (IFF) vs. PPG Industries (PPG): A comparison of their payout ratio against the Materials industry group benchmark.

Dividend Metrics

Dividend metrics for Intl Flavors & Fragrances (IFF) and PPG Industries (PPG)
Metric	IFF	PPG
Dividend Yield (TTM)	1.85%	2.33%
Dividend Payout Ratio (TTM)	62.26%	40.31%

Valuation

P/E Ratio (TTM)

PPG Industries (PPG) at 17.19 is near its industry’s usual P/E ratio, while Intl Flavors & Fragrances (IFF) at 236.06 sits above its peer range — an unusually expensive price for IFF’s trailing earnings.

IFF

Materials industry group

236.06

IFF: 236.06
Max: 59.00
Q3: 32.93
Median: 18.82
Q1: 11.96
Min: 3.93

PPG

Materials industry group

17.19

Max: 59.00
Q3: 32.93
Median: 18.82
PPG: 17.19
Q1: 11.96
Min: 3.93

Intl Flavors & Fragrances (IFF) vs. PPG Industries (PPG): A comparison of their P/E ratio against the Materials industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both Intl Flavors & Fragrances (IFF) at 1.91 and PPG Industries (PPG) at 1.62 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

IFF

Materials industry group

1.91

Max: 9.62
Q3: 4.34
IFF: 1.91
Median: 1.87
Q1: 0.73
Min: 0.00

PPG

Materials industry group

1.62

Max: 9.62
Q3: 4.34
Median: 1.87
PPG: 1.62
Q1: 0.73
Min: 0.00

Intl Flavors & Fragrances (IFF) vs. PPG Industries (PPG): A comparison of their P/S ratio against the Materials industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both Intl Flavors & Fragrances (IFF) at 1.56 and PPG Industries (PPG) at 3.19 are valued close to their industries’ norm against book — neither stands out from peers.

IFF

Materials industry group

1.56

Max: 6.59
Q3: 3.55
Median: 2.08
IFF: 1.56
Q1: 1.26
Min: -0.17

PPG

Materials industry group

3.19

Max: 6.59
Q3: 3.55
PPG: 3.19
Median: 2.08
Q1: 1.26
Min: -0.17

Intl Flavors & Fragrances (IFF) vs. PPG Industries (PPG): A comparison of their P/B ratio against the Materials industry group benchmark.

Valuation Metrics

Valuation metrics for Intl Flavors & Fragrances (IFF) and PPG Industries (PPG)
Metric	IFF	PPG
P/E Ratio (TTM)	236.06	17.19
P/S Ratio (TTM)	1.91	1.62
P/B Ratio (MRQ)	1.56	3.19
Free Cash Flow Yield (TTM)	-10.66%	4.06%