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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).

Revenue$386M
Year over year+7%
Quarter over quarter-10%
Operating margin7.1%
Net earnings$28.1M

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 2025AmountQ/QY/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.

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Source: Interparfums 10-K on SEC EDGAR.