IPAR
INTERPARFUMS INC
Next earnings Jul 21, 2026 · consensus $0.98 EPS, $342M rev
Last earnings +2.2% on 2026-05-05
$107.97
▲ +3.46%$107.97▼ -15.56%
over 1Y
L $77.51EODHDH $133.95
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+3.5%
1W+10.5%
1M+14.4%
3M+20.2%
YTD+28.5%
1Y-15.6%
Hold
Conviction
Horizon
Long (>12mo)
12-mo target
$•••
Street · 11 analysts
Buy
Quality licensed-fragrance compounder at a fair price — durable brand portfolio, but growth has decelerated sharply and the model is structurally dependent on third-party licenses.
The read
Middling fundamentals and a rich price (~35% above fair value) leave little margin of safety — a wait-and-see.
Interparfums is a high-quality, capital-light operator in prestige fragrance with a diversified license portfolio (Jimmy Choo 17%, Coach 15%, Montblanc 15%, GUESS 12%, Lacoste 7%, DKNY 7%, Ferragamo 4%) distributed in 120+ countries. The fundamentals are clean: 63.6% gross margin, 18.2% operating margin, 19.1% ROE, and operating cash flow of $215M comfortably covering $24.4M of capex and $103M of dividends. The balance sheet is sound with $881M of equity against $176M of total debt, and retained earnings grew 8.6% to $829M. This is the profile of a steady compounder, and at 19.7x earnings and 2.2x sales, the market is paying a reasonable — not cheap — multiple for it.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $880M | $1.09B | $1.32B | $1.45B | $1.49B |
| Gross profit | $557M | $694M | $839M | $927M | $947M |
| Operating income | $148M | $194M | $251M | $275M | $270M |
| Net income | $87.4M | $121M | $153M | $164M | $168M |
| Diluted EPS | $2.75 | $3.78 | $4.75 | $5.12 | $5.24 |
| Net margin | 9.9% | 11.1% | 11.6% | 11.3% | 11.3% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value-$156B
EV / EBITDA-527.6
EV / Sales-104.8
EV / FCF-818.8
P / FCF18.2
PEG (trailing)8.41
Earnings yield4.9%
FCF yield5.5%
Quality & risk
ROIC (est.)20.2%
Free cash flow$190M
Total debt$176M
Net cash$159B
Piotroski F-Score6/9
Capital returns
Buyback yield0.0%
Dividend yield (est.)3.0%
Shareholder yield3.0%
Shares Δ YoY-0.2%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRecent disclosure tone has skewed negative — read the flagged items.
- 8-K Auditor change2026-05-13
Change in certifying accountant disclosed; auditor transition adds short-term oversight risk.
- 8-K Earnings results2026-05-05
Q1 2026 10-Q filed; details Q1 operations as growth moderates from prior years.
- 10-Q Quarterly report2026-05-05
Q1 2026 10-Q filed; details Q1 operations as growth moderates from prior years.
- 8-K Earnings results2026-04-21
Pre-announced Q1 2026 preliminary sales/financial update ahead of full earnings.
- 10-K Annual report2026-03-10
FY2025 10-K: rev $1.49B (+2.5%), op income -1.6%, equity +18%; growth sharply slowing.
- NT 10-K Late filing notice2026-03-03
NT 10-K: notified late filing of FY2025 annual report, raising near-term reporting concern.
- 8-K Earnings results2026-02-24
FY2025 earnings released: revenue +2.5% to $1.49B, EPS $5.24, growth markedly decelerating.
- 8-K Reg FD disclosure2026-01-29
Companion 8-K (likely dividend or guidance update) issued alongside prelim-sales release.
- 8-K Reg FD disclosure2026-01-29
Companion 8-K (likely dividend or guidance update) issued alongside prelim-sales release.
Recent filings
all on EDGAR ↗8-KPeriod ending 2026-05-082026-05-13open ↗8-KPeriod ending 2026-05-052026-05-05open ↗10-QPeriod ending 2026-03-312026-05-05open ↗8-KPeriod ending 2026-04-212026-04-21open ↗4Period ending 2026-04-022026-04-03open ↗144Filing2026-04-02open ↗SCHEDULE 13G/AFiling2026-03-27open ↗10-KPeriod ending 2025-12-312026-03-10open ↗NT 10-KPeriod ending 2026-03-032026-03-03open ↗8-KPeriod ending 2026-02-242026-02-24open ↗8-KPeriod ending 2026-01-282026-01-29open ↗8-KPeriod ending 2026-01-282026-01-29open ↗
Frequently asked
- Is INTERPARFUMS INC (IPAR) a buy?
- IPAR currently carries a Hold rating with 4/5 conviction, derived from its latest SEC filings. Quality licensed-fragrance compounder at a fair price — durable brand portfolio, but growth has decelerated sharply and the model is structurally dependent on third-party licenses.
- What is IPAR's fair value?
- A Modified-Graham model based on IPAR's SEC fundamentals estimates a fair value of about $70.36. It is an estimate from reported earnings, not a price target.
- Is IPAR overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, IPAR currently appears overvalued relative to its SEC-grounded earnings power.
- What is INTERPARFUMS INC's quality score?
- IPAR scores 72.90196078431372/100 (grade B) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0000822663, latest 10-Q filed 2026-05-05) · EODHD · analysis by claude-code · as of 6/25/2026, 1:46:59 PM.
Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.