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Westlake vs International Flavors & Fragrances: WLK and IFF compared
Westlake is the larger company: $3.0B of revenue in its latest quarter (Q3 2026) against $1.9B for International Flavors & Fragrances (Q3 2026). Westlake is growing faster (+5% against +4% a year earlier). International Flavors & Fragrances is more profitable, with an operating margin of 8.2% against 1.4%.
Where the money goes: WLK and IFF
Westlake (WLK) · Q3 2026
Westlake, Q3 2026: revenue $3.0B (+5% year over year), operating margin 1.4%, net earnings $18.0M, operating cash flow $395M. The chart follows the revenue to costs, profit and cash.
International Flavors & Fragrances (IFF) · Q3 2026
International Flavors & Fragrances, Q3 2026: revenue $1.9B (+4% year over year), operating margin 8.2%, net loss $55.0M, operating cash flow $141M. The chart follows the revenue to costs, profit and cash.
| Westlake (WLK) | International Flavors & Fragrances (IFF) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $3.0B | $1.9B |
| Revenue growth, Y/Y | +5% | +4% |
| Gross margin | 12.8% | — |
| Operating margin | 1.4% | 8.2% |
| Net earnings | $18.0M | −$55.0M |
| Net margin | 0.6% | -2.8% |
| Operating cash flow | $395M | $141M |
| Free cash flow | $220M | — |
| Market value | $8.2B | $21.1B |
| P/E | — | 116.0× |
| Analysts’ mean target | $78.06 | $98.24 |
Questions
Which is bigger, Westlake or International Flavors & Fragrances?
Westlake is the larger company: $3.0B of revenue in its latest quarter (Q3 2026) against $1.9B for International Flavors & Fragrances (Q3 2026).
Is Westlake or International Flavors & Fragrances growing faster?
Westlake is growing faster (+5% against +4% a year earlier).
Which is more profitable, Westlake or International Flavors & Fragrances?
International Flavors & Fragrances is more profitable, with an operating margin of 8.2% against 1.4%.
More: Westlake earnings · how Westlake makes money · International Flavors & Fragrances earnings · how International Flavors & Fragrances makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Nov 3, 2026). Fiscal quarters can end on different dates. Not investment advice.