|IPAR Overview
IPAR

INTERPARFUMS INC

Materials • CIK: 0000822663

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Market Cap
$3.16B
P/E (TTM)
19.2x
Rev Growth (TTM)
+3.1%
Net Margin (TTM)
11.2%
FCF Yield (TTM)
5.8%
FCF Margin (TTM)
12.4%

LATEST EARNINGS

Q4 FY2025
about 1 month ago
View source
Revenue
$386.00M
+7.0%
Net Income
EPS
  • Consolidated fourth quarter net sales rose 7% to $386 million, marking the best ever fourth quarter performance.
  • Full year 2025 net sales reached a record $1.49 billion, a 2% increase year-over-year.
  • European based net sales increased 9% in Q4 and 7% for the full year, driven by strong performances from brands like Coach, Lacoste, and Montblanc.
  • Favorable foreign exchange rates provided a positive 3% impact on Q4 sales and a 2% impact on full year sales.

Cash Flow Health

Free Cash Flow5/8 positive
TTM$182M
Q3 '25
$58M+1834%
Q2 '25
$-3M+62%
FCF Margin
TTM12.4%
Q3 '2513.4%+1448%
Sector: 0.8%Top 25%
OCF Margin14.1%
OCF/NI1.25x
CapEx Coverage8.3x
FCF Yield5.8%
FCF Growth (2Y)
Cash Conversion Cycle
292 days
DSO: 77+DIO: 279DPO: 64

Capital Allocation & Returns

Balanced
Total Shareholder Yield
TTM3.2%
Div Yield3.2%

Balancing returns with reinvestment

Dividend & Payout Metrics
Dividend Yield (TTM)3.2%
FCF Payout Ratio55.7%
Free Cash Flow (TTM)$181.6M
Stock Repurchases ()$0
Capital Return / FCF55.7%
Est. Dividends Paid (TTM)$101.1M
Shows how management rewards shareholders

Operational Efficiency & Returns

Return on Invested CapitalTTM
23.6%
Moderate
-0.0% YoY+23.6%
P25MedianP75
75th pctl (med: 0.1%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
14.5%
8Q: 15.2%
Asset Turnover
0.99x
8Q: 0.98x
Leverage (1+D/E)
1.23x
D/E: 0.23x
DuPont: 17.5%23.6% ROIC
Asset & CapEx Efficiency
Fixed Asset Turn
8.68x
8Q:8.54x
+133.3%
Invested Cap Turn
1.63x
8Q:1.72x
-9.0%
CapEx Intensity
2.8%
8Q:0.8%
CapEx/Depreciation
0.85x
Asset-based ROIC formula

QUARTERLY TRENDS

Last 8 quarters + TTM

MetricTTMQ3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023
Revenue
$1.5B
$429.6M28.6%
$333.9M1.4%
$338.8M6.3%
$361.5M14.9%
$424.6M24.1%
$342.2M5.6%
$324.0M1.5%
$328.7M
Operating Income
$278.8M
$108.6M83.4%
$59.2M21.2%
$75.1M108.5%
$36.0M66.0%
$106.0M63.5%
$64.8M4.6%
$68.0M260.0%
$18.9M
Net Income
$164.5M
$65.8M105.7%
$32.0M24.7%
$42.5M75.4%
$24.2M61.1%
$62.3M69.1%
$36.8M10.3%
$41.0M293.9%
$10.4M
Operating Cash Flow
$206.3M
$63.9M438.1%
$11.9M261.3%
$-7.4M105.3%
$138.0M81.2%
$76.1M198.6%
$25.5M149.1%
$-52.0M163.8%
$81.5M
Free Cash Flow
$181.6M
$57.6M1834.2%
$-3.3M62.2%
$-8.8M106.5%
$136.1M80.6%
$75.4M208.4%
$24.4M146.1%
$-53.0M166.6%
$79.6M
Total Equity
N/A

Valuation Analysis

Fair Value
Price-to-EarningsTTM
19.2x
Valuation Lenses
Earnings
19.2x
vs sector
Cash Flow
22.2x
EV/FCF vs
Growth-Adj
1.9xPEG
Fair for growth
Quality-Adj
0.8P/E per %ROIC
ROIC: 23.6%
Shareholder Returns
Dividend
3.2%
Buyback
Total Yield
3.2%
Market Cap$3.16B
EV
Multi-angle valuation analysis with sector context

Business Quality & Moat

Overall Quality Score
87/100
Exceptional

Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)

Returns on Capital

Return on Equity (ROE)Above Avg
20.6%
8Q:
Return on Invested Capital (ROIC)Top 25%
23.6%
8Q:
+23.6%
vs Sector:0.1%

DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)

NOPAT Margin: 14.5%
Asset Turnover: 0.99x

Earnings Quality

Cash Conversion

1.25x

OCF / Net Income

FCF Consistency

Positive quarters

Competitive Moat Indicators

Pricing Power

Gross Margin64.4%

Capital Efficiency

Invested Capital Turnover1.63x

Working Capital

Cash Conversion Cycle292 days

Growth Quality & Momentum

Moderate Growth
Growth Quality Score
53/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%

Growth Rates

Revenue Growth YoY
3.1%
OpInc Growth YoY
2.4%
EPS Growth YoY
10.1%
FCF 3Y CAGR
N/A

Margin Quality & Sustainability

Moderate
Profitability Cascade
Gross
64.4%
Operating
19.0%
Top 25% in sector
Net
11.2%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
FCF vs Net Gap
+1.2 pts
FCF: 12.4% | Net: 11.2%

Quality = stability + cash conversion + low dilution

Balance Sheet & Solvency

Solid
Net Debt / EBITDA
Net Debt: $119.42M
Interest Coverage
Leverage Metrics
Debt-to-Equity
0.23x
Balance sheet risk & solvency analysis