Filing Flows › Interparfums (IPAR) › Q4 2025
Interparfums (IPAR) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 10, 2026
Interparfums (IPAR) reported revenue of $386M for the fourth quarter 2025 (Q4 2025), +7% from a year earlier and -10% from the quarter before. Operating margin was 7.1%, net earnings $28.1M (7.3% of revenue).
Interparfums, Q4 2025: revenue $386M (+7% year over year), operating margin 7.1%, net earnings $28.1M, operating cash flow $147M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $386M | -10% | +7% |
| Gross profit | $237M | -13% | +2% |
| Operating profit | $27.5M | -75% | -24% |
| Net earnings | $28.1M | -57% | +16% |
| Operating cash flow | $147M | +129% | +6% |
| Free cash flow | $145M | +152% | +7% |
What changed
Revenue was $386.2M in Q4 2025, up 7% year over year and down 10% from the previous quarter.
Gross margin was 61.5%, down 3.0 points from a year earlier. Operating profit was $27.5M, a 7.1% margin (down 2.8 points year over year). Operating profit fell $8.5M even though revenue rose $24.7M versus a year earlier, so costs grew faster than sales. Operating expenses grew 6% against revenue growth of 7%. Net earnings were $28.1M, up 16% year over year. The effective tax rate was 22.0%. Non-operating items added $8.7M, 24% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $146.5M (up 6% year over year), 518% of net earnings. Non-cash charges added back $6.5M of depreciation and amortization and $255K of share-based compensation. Working capital and other items added $111.5M. Capital expenditures of $1.5M left free cash flow of $145.0M.
Questions
What was Interparfums' revenue in the fourth quarter 2025?
Interparfums (IPAR) reported revenue of $386M for the fourth quarter 2025 (Q4 2025), +7% from a year earlier and -10% from the quarter before.
Was Interparfums profitable in the fourth quarter 2025?
Operating profit was $27.5M (7.1% of revenue) and net earnings $28.1M.
Source: Interparfums 10-K on SEC EDGAR.