INTERPARFUMS, INC.

IPAR · Materials · $3.9B mkt cap · FY2025 filings · Wide moat

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Wide moat

The four filters

Pricing power70

Median gross margin 63.8% over 10y, variable.

Returns on capital98

Median ROIC 19.5%, above the 9% hurdle in 100% of years.

Balance-sheet safety91

Net debt/EBITDA 0.6x, interest coverage 37x.

Capital discipline74

Owner earnings +19.8%/yr, share count growing (dilution).

Margin of safety

Above valueOn sale

33% above value

Owner earnings (normalized): $163.5M
Est. intrinsic value / share: $91.79
Recent price: $121.95
Discount to value: 33% above value

Conservative model: 9% discount rate, 4% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

Moat Score history

Score history begins 2026-07-17. Check back as the record builds.

Scores are logged append-only and never overwritten — this record can't be backfilled, which is exactly why it's worth keeping.

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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell IPAR. See the disclaimer.