NAII vs IFF vs TMO Stock Comparison

Natural Alternatives International, International Flavors & Fragrances and Thermo Fisher Scientific Prices as of Oct 27, 2026 Peers: Industry group

Head to Head

11 decided of 12

International Flavors & Fragrances leads on 5 of the 12 questions below (International Flavors & Fragrances 5, Thermo Fisher Scientific 4, Natural Alternatives International 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionNAIIIFFTMOLeader
Larger companyMarket capitalisation $6.75M $23.06B $261.80B TMO
Cheaper on earningsLower P/E, profitable companies only -0.3x 33.1x 37.0x IFF
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 28.4x 26.8x TMO
Faster revenue growthRevenue growth, trailing twelve months +9.7% -4.6% +8.3% NAII
More profitableNet margin, trailing twelve months -14.5% 7.0% — IFF
Better return on capitalReturn on invested capital -24.9% 3.0% — IFF
Less leveragedLower net debt / EBITDA -0.8x 3.0x — NAII
Higher dividend yieldTrailing dividend yield 0.00% 0.02% 0.00% –
Better 1-year returnPrice return, last 12 months -59.4% +42.8% +23.0% IFF
Better 5-year returnAnnualised price return, 5 years -38.3%/yr -8.9%/yr +2.3%/yr TMO
Less volatileAnnualised volatility, 1 year 67.8% 35.0% 29.8% TMO
Higher overall scoreMean of the five percentile scores vs peers 32/100 51/100 51/100 IFF

Percentile Scorecard

NAIIIFFTMO

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisNAIIIFFTMO
Valuation 30 #8 of 11 43 #54 of 94 50 #113 of 227
Growth 0 #11 of 11 82 #17 of 91 41 #130 of 219
Profitability 40 #7 of 11 59 #36 of 86 70 #63 of 206
Financial Health 58 #6 of 13 46 #52 of 95 –
Shareholder Returns – 28 #51 of 70 44 #76 of 134
Overall 32 51 51
  • NAII ranked among 13 companies in Pharma Services
  • IFF ranked among 99 companies in Chemicals
  • TMO ranked among 247 companies in Medical Devices and Diagnostics

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodNAIIIFFTMOSPY
1 month -35.8%+8.8%+2.9% -0.2%
3 months -51.9%+17.7%+20.3% +3.9%
6 months -57.8%+31.8%+47.4% +8.2%
Year to date -68.4%+38.4%+19.7% +12.9%
1 year -59.4%+42.8%+23.0% +12.3%
3 years -81.2%+37.4%+60.7% +87.4%
3 years, per year -42.7%+11.2%+17.1% +23.3%
5 years -91.0%-37.2%+11.8% +67.9%
5 years, per year -38.3%-8.9%+2.3% +10.9%
10 years -91.8%-30.1%+364.6% +261.1%
10 years, per year -22.1%-3.5%+16.6% +13.7%

Risk

MeasureNAIIIFFTMOSPY
Volatility, 1Y 67.8%35.0%29.8% 12.7%
Downside volatility, 1Y 76.7%28.6%28.3% 12.7%
Beta vs S&P 500, 1Y 0.850.680.62 1.00
Return / volatility, 1Y -0.881.220.77 0.97
Max drawdown, 5Y -92.3%-61.1%-41.5% -25.4%
From 52-week high -76.6%-0.9%-0.5% -1.2%
52-week high $4.83$94.13$696.55 $779.14
52-week low $1.12$61.49$438.34 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleNAIIIFFTMO
P/E now vs peer median -0.3xmedian 32.1x 34.2xmedian 22.0x 36.4xmedian 29.6x
P/S now vs peer median 0.0xmedian 2.6x 2.4xmedian 1.4x 5.4xmedian 2.9x
EV/EBITDA now vs peer median -1.3xmedian 38.1x 17.0xmedian 12.4x —median 17.4x
P/FCF now vs peer median -0.5xmedian 21.5x 44.1xmedian 15.1x 34.0xmedian 22.3x
P/B now vs peer median 0.1xmedian 3.1x 1.7xmedian 1.6x 4.7xmedian 2.3x
PEG now vs peer median 0.00median 2.03 1.06median 1.66 4.80median 1.04

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsNAIIIFFTMO
Revenue $142.52M $9.98B $47.35B
Gross profit $9.00M $3.74B –
Operating income -$18.75M $754.00M $8.47B
Net income -$20.70M $295.00M $7.09B
Free cash flow -$12.62M $540.00M –
R&D – $684.00M $1.40B
EPS (diluted) $-3.43 $2.71 $19.06
Cash & equivalents $7.39M $569.00M $5.46B
Total debt $63.29M $5.70B –
Shares (diluted) 6.03M 257.00M 371.00M
Enterprise value -$21.33M $20.72B $261.80B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricNAIIIFFTMO
P/E -0.3x 34.2x 36.4x
P/FCF -0.5x 44.1x 34.0x
P/Operating cash flow -0.8x 20.5x 27.5x
P/S 0.0x 2.4x 5.4x
P/B 0.1x 1.7x 4.7x
P/Tangible book 0.1x 2.3x 7.0x
EV/EBITDA -1.3x 17.0x –
EV/EBIT -1.0x 38.4x –
EV/Revenue 0.1x 2.9x 5.4x
EV/FCF -1.4x 53.6x –
EV/Operating cash flow -2.0x 24.9x 27.5x
PEG (3Y EPS CAGR) 0.00 1.06 4.80

Growth

14 metrics
MetricNAIIIFFTMO
Revenue growth (1Y) 9.7% -4.6% 8.3%
Revenue CAGR (3Y) -2.6% -5.6% 2.9%
Gross profit growth (1Y) -3.1% -3.8% –
Gross profit CAGR (3Y) -20.9% -0.2% –
Operating income growth (1Y) -116.5% 295.8% 12.8%
Operating income CAGR (3Y) -81.5% 35.2% 7.2%
Net income growth (1Y) -52.4% 170.2% 7.9%
Net income CAGR (3Y) -116.9% 28.8% 6.2%
EPS growth (1Y) -50.4% 900.0% 9.7%
EPS CAGR (3Y) -115.5% 32.3% 7.6%
Operating cash flow growth (1Y) -250.3% 5.4% 21.9%
Operating cash flow CAGR (3Y) -48.4% 12.2% 4.5%
Free cash flow growth (1Y) -644.3% -4.4% –
Free cash flow CAGR (3Y) -24.7% 26.8% –

Profitability

14 metrics
MetricNAIIIFFTMO
Gross margin 6.3% 37.5% –
EBITDA margin -9.9% 17.1% –
Operating margin -13.2% 7.6% –
Pretax margin -14.2% 3.5% –
Net margin -14.5% 7.0% –
FCF margin -8.9% 5.4% –
Operating cash flow margin -6.3% 11.6% 19.7%
Return on equity -36.6% 2.1% 13.2%
Return on assets -14.7% 1.2% 6.2%
Return on invested capital -24.9% 3.0% –
Return on capital employed -18.2% 3.6% –
Asset turnover 1.0x 0.4x 0.4x
Cash conversion (OCF / net income) 0.4x 3.9x 1.3x
Stock comp / revenue 0.5% 0.9% –

Financial Health

11 metrics
MetricNAIIIFFTMO
Debt / assets 14.8% 22.7% –
Debt / equity 0.4x 0.4x –
Net debt / EBITDA -0.8x 3.0x –
Debt / FCF -1.5x 10.6x –
Liabilities / assets 60.5% 44.3% –
Equity / assets 39.5% 55.7% 47.9%
Interest coverage – 4.0x –
Current ratio 1.7x 2.1x 1.8x
Quick ratio 0.5x 0.5x –
Cash ratio 0.2x 0.1x –
Altman Z-score 1.38 1.81 –

Shareholder Returns

7 metrics
MetricNAIIIFFTMO
Dividend yield – 1.7% 0.3%
Net buyback yield 1.3% 0.3% –
Shareholder yield 1.3% 2.0% 0.3%
Payout ratio (earnings) – 138.6% –
Payout ratio (FCF) – 75.7% –
Dividend growth (1Y) – 0.0% –
Dividend CAGR (3Y) – -20.7% –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusNAIIIFFTMO
Forward P/E – 28.4xFY2026 26.8xFY2026
EPS, next fiscal year – $3.28FY2026 $25.91FY2026
EPS growth, next FY – -21.9%FY2026 +13.3%FY2026
EPS growth, the year after – +23.5% +2.0%
Revenue, next fiscal year – $8.10BFY2026 $50.12BFY2026
Revenue growth, next FY – -25.7%FY2026 +12.5%FY2026
Revenue growth, the year after – -8.1% -2.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersNAIIIFFTMO
Held by institutions 10.5% 100.0% 90.2%
Institutions holding 24 753 2,622
Change in shares held, QoQ +6.0% +6.0% +0.8%
Institutions buying 8 410 1,142
Institutions selling 7 226 1,144
Buyers to sellers 1.14 1.81 1.00

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

NAIIIFFTMO
NAII 1.00 0.13 0.06
IFF 0.13 1.00 0.18
TMO 0.06 0.18 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, NAII, IFF and TMO?

Thermo Fisher Scientific (TMO) is the largest by market capitalisation: Natural Alternatives International (NAII) $6.75M, International Flavors & Fragrances (IFF) $23.06B, Thermo Fisher Scientific (TMO) $261.80B.

Which stock is cheaper, NAII, IFF and TMO?

International Flavors & Fragrances (IFF) trades on the lowest price-to-earnings ratio (Natural Alternatives International (NAII) -0.3x, International Flavors & Fragrances (IFF) 33.1x, Thermo Fisher Scientific (TMO) 37.0x). On next year's consensus earnings, Thermo Fisher Scientific (TMO) is cheapest (International Flavors & Fragrances (IFF) 28.4x, Thermo Fisher Scientific (TMO) 26.8x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Natural Alternatives International (NAII) grew revenue fastest over the trailing twelve months: Natural Alternatives International (NAII) +9.7%, International Flavors & Fragrances (IFF) -4.6%, Thermo Fisher Scientific (TMO) +8.3%.

Which company is more profitable?

International Flavors & Fragrances (IFF) has the highest net margin (Natural Alternatives International (NAII) -14.5%, International Flavors & Fragrances (IFF) 7.0%). On return on invested capital, International Flavors & Fragrances (IFF) leads (Natural Alternatives International (NAII) -24.9%, International Flavors & Fragrances (IFF) 3.0%).

Which stock has performed better?

Over the past year International Flavors & Fragrances (IFF) returned the most: Natural Alternatives International (NAII) -59.4%, International Flavors & Fragrances (IFF) +42.8%, Thermo Fisher Scientific (TMO) +23.0%. Over five years, Thermo Fisher Scientific (TMO) compounded fastest (Natural Alternatives International (NAII) -38.3%/yr, International Flavors & Fragrances (IFF) -8.9%/yr, Thermo Fisher Scientific (TMO) +2.3%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Natural Alternatives International (NAII) 0.00%, International Flavors & Fragrances (IFF) 0.02%, Thermo Fisher Scientific (TMO) 0.00%. Natural Alternatives International (NAII) and Thermo Fisher Scientific (TMO) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Thermo Fisher Scientific (TMO) has been the steadiest (Natural Alternatives International (NAII) 67.8%, International Flavors & Fragrances (IFF) 35.0%, Thermo Fisher Scientific (TMO) 29.8%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, NAII, IFF and TMO?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, International Flavors & Fragrances (IFF) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.