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Inter Parfums
(NASDAQ:IPAR)
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Rating:81Outperform
Price Target:
$148.00
▲(20.77% Upside)
Action:Reiterated
Date:08/06/26
IPAR scores well primarily on strong financial quality (durable margins, meaningful multi-year revenue growth, and very low leverage) and supportive technical momentum (price above all key moving averages with positive MACD). The score is moderated by a valuation that is not cheap (P/E ~23.6) and a balanced earnings-call outlook where reiterated guidance depends partly on nonrecurring tariff refunds amid margin pressure, regional softness, and H2 FX/geopolitical risks.
Positive Factors
Durable Profitability
Inter Parfums sustains premium gross margins (~63–65%) and a meaningful net margin (~12.4%) while growing revenue materially over multiple years. This margin base supports recurring profitability, funds marketing and launches, and provides structural resilience through product cycles and retail shifts.
Negative Factors
Dependence on Nonrecurring Tariff Refunds
Management’s 2026 EPS and margin outlook rely materially on one-time tariff refunds that management plans to reinvest into A&P. If those nonrecurring benefits reverse or are absent in future periods, reported margins and EPS could compress and make earnings less repeatable.
Read all positive and negative factors
Positive Factors
Negative Factors
Durable Profitability
Inter Parfums sustains premium gross margins (~63–65%) and a meaningful net margin (~12.4%) while growing revenue materially over multiple years. This margin base supports recurring profitability, funds marketing and launches, and provides structural resilience through product cycles and retail shifts.
Read all positive factors
Inter Parfums (IPAR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.84B
Dividend Yield2.71%
Average Volume (3M)322.59K
Price to Earnings (P/E)22.6
Beta (1Y)0.79
Revenue Growth2.93%
EPS Growth4.24%
CountryUS
Employees662
SectorConsumer Defensive
Sector Strength42
IndustryHousehold & Personal Products
Share Statistics
EPS (TTM)5.23
Shares Outstanding32,025,780
10 Day Avg. Volume265,268
30 Day Avg. Volume322,588
Financial Highlights & Ratios
PEG Ratio6.91
Price to Book (P/B)3.09
Price to Sales (P/S)1.83
P/FCF Ratio14.30
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$136.25Price Target Upside11.18% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering4
EPS Forecast (FY)4.87
Revenue Forecast (FY)$1.50B
Inter Parfums Business Overview & Revenue Model
Company Description
Inter Parfums, Inc., through its various subsidiaries, is engaged in the global development, marketing, and distribution of perfumes and related scented merchandise. The company's operations are divided into two main geographical segments: those b...
How the Company Makes Money
Inter Parfums makes money primarily by creating and selling branded fragrance products—most notably eau de parfum/eau de toilette and related line extensions (e.g., flankers, gift sets, and certain ancillary beauty items)—that it develops under lo...
Inter Parfums Earnings Call Summary
Earnings Call Date:Aug 04, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 11, 2026
Earnings Call Sentiment Neutral
The call presented a balanced picture. Multiple core brands and key regions (Asia Pacific, South America, North America) delivered strong growth and the company showed improved cash generation, inventory reductions, and received meaningful tariff refunds that support margin outlook and reinvestment plans. Offsetting these positives were notable regional setbacks (Middle East -24%, Eastern Europe -7%, Western Europe softness), a sharp decline at Lacoste (-16%), tariff expenses and margin compression (operating margin down from 20% to 17.9%), plus reliance on nonrecurring tariff refunds to support full-year EPS. Management maintained guidance, emphasized an active blockbuster launch pipeline for 2027 and disciplined investment, but highlighted macro, FX and geopolitical risks that could impact H2 performance.Positive Updates
Modest Consolidated Sales Growth
Consolidated net sales grew 2% in Q2 and 2% in the first half of 2026; excluding war-related headwinds in the Middle East, organic sales advanced 4% in the quarter and 1% year-to-date.
Negative Updates
Severe Middle East & Africa Weakness
Middle East & Africa sales fell 24% in the first half due to ongoing war-related disruptions, representing a major region-specific headwind to consolidated growth.
Read all updates
Q2-2026 Updates
Positive
Negative
Modest Consolidated Sales Growth
Consolidated net sales grew 2% in Q2 and 2% in the first half of 2026; excluding war-related headwinds in the Middle East, organic sales advanced 4% in the quarter and 1% year-to-date.
Read all positive updates
Company Guidance
Interparfums reiterated its full‑year 2026 guidance calling for approximately $1.48 billion in net sales and diluted EPS of $4.85, a view that incorporates $17.6 million of IEEPA tariff refunds ($8.7M received by June 30, $6.9M recognized in Q2) which management says will drive roughly a 150‑basis‑point gross‑margin improvement for the year (about 110 bps from the refunds and the remainder from favorable brand/channel mix and cost efficiencies). The company plans to reinvest the refunds into A&P to protect growth and now expects full‑year A&P to approach ~21% of sales (H1 A&P was $129M, 18.8% of sales), while noting H1 tariffs represented a net $8.2M incremental expense; H1 consolidated gross margin was 65.3% (up 30 bps year‑to‑date), operating profit was $123M (operating margin 17.9%), net income was $74M ($2.31 diluted EPS), cash and short‑term investments totaled $211M, working capital was $664M and inventories fell 12% to $376M (269 days). Management maintained the outlook while cautioning about Middle East disruption, FX headwinds (they expect roughly a 1‑point FX drag in H2) and an implied ~3% decline in the second half versus last year, and reiterated confidence in a return to improved growth in 2027 driven by planned blockbuster launches.Inter Parfums Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
84
Very Positive
Cash Flow
82
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.50B | 1.49B | 1.45B | 1.32B | 1.09B | 879.52M |
| Gross Profit | 958.32M | 947.22M | 927.34M | 839.08M | 694.42M | 556.90M |
| EBITDA | 296.01M | 303.88M | 304.57M | 278.18M | 220.36M | 166.54M |
| Net Income | 167.76M | 168.39M | 164.36M | 152.65M | 120.94M | 87.41M |
Balance Sheet | ||||||
| Total Assets | 1.49B | 1.59B | 1.41B | 1.37B | 1.31B | 1.15B |
| Cash, Cash Equivalents and Short-Term Investments | 211.35M | 295.18M | 234.74M | 182.77M | 255.55M | 319.63M |
| Total Debt | 164.91M | 223.69M | 192.19M | 192.37M | 209.67M | 184.05M |
| Total Liabilities | 399.41M | 481.22M | 468.62M | 477.16M | 520.40M | 407.03M |
| Stockholders Equity | 870.46M | 880.72M | 744.87M | 699.39M | 616.78M | 571.92M |
Cash Flow | ||||||
| Free Cash Flow | 246.85M | 190.49M | 182.90M | 52.41M | -17.47M | -23.23M |
| Operating Cash Flow | 256.06M | 214.90M | 187.64M | 105.77M | 115.15M | 119.59M |
| Investing Cash Flow | 1.85M | -62.69M | -44.83M | 7.26M | -132.76M | -187.87M |
| Financing Cash Flow | -237.69M | -129.71M | -100.77M | -133.21M | -45.57M | 78.19M |
Inter Parfums Technical Analysis
Neutral
122.55
Price Trends
112.52
Positive
101.84
Positive
95.39
Positive
Market Momentum
1.78
Positive
47.33
Neutral
26.99
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IPAR, the sentiment is Neutral. The current price of 122.55 is below the 20-day moving average (MA) of 123.18, above the 50-day MA of 112.52, and above the 200-day MA of 95.39, indicating a neutral trend. The MACD of 1.78 indicates Positive momentum. The RSI at 47.33 is Neutral, neither overbought nor oversold. The STOCH value of 26.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IPAR.
Inter Parfums Risk Analysis
Inter Parfums disclosed 10 risk factors in its most recent earnings report. Inter Parfums reported the most risks in the "Tech & Innovation" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Inter Parfums Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $3.84B | 22.58 | 19.15% | 2.61% | 2.93% | 4.24% | |
70 Outperform | $2.02B | 26.55 | 4.22% | 2.12% | 0.82% | 23.29% | |
69 Neutral | $5.61B | 92.50 | 5.18% | ― | 31.23% | -42.14% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
58 Neutral | $1.32B | -14.33 | -5.14% | 2.17% | -7.00% | -246.78% | |
56 Neutral | $2.48B | -4.46 | -15.12% | ― | -3.57% | -32.30% | |
54 Neutral | $31.76B | -128.94 | -6.29% | 1.74% | 0.71% | 71.47% |
* Consumer Defensive Sector Average
IPAR
Inter Parfums
118.08
3.75
3.28%
EL
The Estée Lauder Companies
87.68
-6.20
-6.61%
SPB
Spectrum Brands Holdings
88.42
30.34
52.25%
COTY
Coty
2.76
-2.31
-45.56%
EPC
Edgewell Personal Care
28.66
5.79
25.32%
ELF
e.l.f. Beauty
92.62
-30.30
-24.65%
Inter Parfums Corporate Events
Business Operations and StrategyDividendsFinancial Disclosures
Inter Parfums Posts Modest Q2 Growth, Margins Compress
Neutral
Aug 4, 2026
Inter Parfums reported its second-quarter and first-half 2026 results on August 4, 2026, showing modest top-line growth, with net sales up 2% to $341 million in Q2 and $686 million in the first half, but lower profitability as operating margins co...
Business Operations and StrategyFinancial Disclosures
Inter Parfums Reports Modest Q2 Sales Growth
Neutral
Jul 22, 2026
For the quarter ended June 30, 2026, Interparfums reported consolidated net sales of $341 million, up 2% year on year, bringing first-half sales to $686 million, also a 2% increase, aided by favorable foreign exchange. European-based sales fell 4%...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.