8-K Announcements
6May 5, 2026·SEC
May 5, 2026·SEC
Mar 25, 2026·SEC
Ingredion Incorporated (INGR) fundamental analysis — strengths, weaknesses & financial health based on data analysis
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Ingredion Incorporated (INGR) stock price & volume — 10-year historical chart
Ingredion Incorporated (INGR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Ingredion Incorporated (INGR) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $2.34vs $2.44-4.1% | $1.8Bvs $1.8B+0.2% |
| Q1 2026 | Feb 3, 2026 | $2.53vs $2.59-2.3% | $1.8Bvs $1.8B-1.6% |
| Q4 2025 | Nov 4, 2025 | $2.75vs $2.73+0.7% | $1.8Bvs $1.8B-0.6% |
| Q3 2025 | Aug 1, 2025 | $2.87vs $2.78+3.2% | $1.8Bvs $1.9B-3.8% |
Ingredion Incorporated (INGR) competitors in Food ingredients and pet food — business model, growth, and fundamentals comparison
Ingredion Incorporated (INGR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Ingredion Incorporated (INGR) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 6.18B | 6.29B | 6.21B | 5.99B | 6.89B | 7.95B | 8.16B | 7.43B | 7.22B |
| Revenue Growth % | 2.63% | 1.76% | -1.27% | -3.58% | 15.15% | 15.26% | 2.69% | -8.95% | -2.84% |
| Cost of Goods Sold | 4.77B | 4.92B | 4.9B | 4.71B | 5.56B | 6.45B | 6.41B | 5.64B | 5.39B |
| COGS % of Revenue | 77.22% | 78.25% | 78.87% | 78.75% | 80.69% | 81.2% | 78.57% | 75.89% | 74.68% |
| Gross Profit | 1.47B▲ 0% | 1.37B▼ 7.1% | 1.31B▼ 4.1% | 1.27B▼ 3.0% | 1.33B▲ 4.6% | 1.49B▲ 12.2% | 1.75B▲ 17.1% | 1.79B▲ 2.4% | 1.83B▲ 2.1% |
| Gross Margin % | 23.82% | 21.75% | 21.13% | 21.25% | 19.31% | 18.8% | 21.43% | 24.1% | 25.32% |
| Gross Profit Growth % | 5.07% | -7.07% | -4.09% | -3.05% | 4.64% | 12.25% | 17.07% | 2.4% | 2.07% |
| Operating Expenses | 636M | 665M | 648M | 690M | 1.02B | 732M | 792M | 908M | 791M |
| OpEx % of Revenue | 10.29% | 10.57% | 10.44% | 11.53% | 14.81% | 9.21% | 9.71% | 12.22% | 10.96% |
| Selling, General & Admin | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A % of Revenue | - | - | - | - | - | - | - | - | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 636M | 665M | 648M | 690M | 1.02B | 732M | 792M | 908M | 791M |
| Operating Income | 836M▲ 0% | 703M▼ 15.9% | 664M▼ 5.5% | 582M▼ 12.3% | 310M▼ 46.7% | 762M▲ 145.8% | 957M▲ 25.6% | 883M▼ 7.7% | 1.04B▲ 17.4% |
| Operating Margin % | 13.53% | 11.18% | 10.69% | 9.72% | 4.5% | 9.59% | 11.73% | 11.88% | 14.36% |
| Operating Income Growth % | 3.72% | -15.91% | -5.55% | -12.35% | -46.74% | 145.81% | 25.59% | -7.73% | 17.44% |
| EBITDA | 1.04B | 950M | 884M | 795M | 530M | 977M | 1.18B | 1.1B | 1.26B |
| EBITDA Margin % | 16.91% | 15.11% | 14.24% | 13.28% | 7.69% | 12.3% | 14.41% | 14.76% | 17.44% |
| EBITDA Growth % | 4.29% | -9.09% | -6.95% | -10.07% | -33.33% | 84.34% | 20.37% | -6.72% | 14.77% |
| D&A (Non-Cash Add-back) | 209M | 247M | 220M | 213M | 220M | 215M | 219M | 214M | 222M |
| EBIT | 848M | 702M | 663M | 587M | 322M | 767M | 953M | 970M | 1.01B |
| Net Interest Income | -68M | -72M | -81M | -81M | -74M | -99M | -114M | -39M | -37M |
| Interest Income | 11M | 9M | 7M | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 79M | 81M | 88M | 81M | 74M | 99M | 114M | 39M | 37M |
| Other Income/Expense | -67M | -82M | -82M | -76M | -62M | -94M | -118M | 48M | -63M |
| Pretax Income | 769M▲ 0% | 621M▼ 19.2% | 582M▼ 6.3% | 506M▼ 13.1% | 248M▼ 51.0% | 668M▲ 169.4% | 839M▲ 25.6% | 931M▲ 11.0% | 974M▲ 4.6% |
| Pretax Margin % | 12.44% | 9.87% | 9.37% | 8.45% | 3.6% | 8.41% | 10.28% | 12.53% | 13.49% |
| Income Tax | 237M | 167M | 158M | 152M | 123M | 166M | 188M | 277M | 238M |
| Effective Tax Rate % | 30.82% | 26.89% | 27.15% | 30.04% | 49.6% | 24.85% | 22.41% | 29.75% | 24.44% |
| Net Income | 519M▲ 0% | 443M▼ 14.6% | 413M▼ 6.8% | 348M▼ 15.7% | 117M▼ 66.4% | 492M▲ 320.5% | 643M▲ 30.7% | 647M▲ 0.6% | 729M▲ 12.7% |
| Net Margin % | 8.4% | 7.04% | 6.65% | 5.81% | 1.7% | 6.19% | 7.88% | 8.71% | 10.1% |
| Net Income Growth % | 7.03% | -14.64% | -6.77% | -15.74% | -66.38% | 320.51% | 30.69% | 0.62% | 12.67% |
| Net Income (Continuing) | 532M | 454M | 424M | 354M | 125M | 502M | 651M | 654M | 736M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 26M | 20M | 21M | 91M | 89M | 67M | 57M | 26M | 28M |
| EPS (Diluted) | 7.06▲ 0% | 6.17▼ 12.6% | 6.13▼ 0.6% | 5.15▼ 16.0% | 1.73▼ 66.4% | 7.34▲ 324.3% | 9.60▲ 30.8% | 9.71▲ 1.1% | 11.18▲ 15.1% |
| EPS Growth % | 7.79% | -12.61% | -0.65% | -15.99% | -66.41% | 324.28% | 30.79% | 1.15% | 15.14% |
| EPS (Basic) | 7.21 | 6.25 | 6.17 | 5.18 | 1.74 | 7.43 | 9.74 | 9.88 | 11.36 |
| Diluted Shares Outstanding | 73.5M | 71.8M | 67.4M | 67.6M | 67.8M | 67M | 67M | 66.6M | 65.2M |
| Basic Shares Outstanding | 72M | 70.9M | 66.9M | 67.2M | 67.1M | 66.2M | 66M | 65.5M | 64.2M |
| Dividend Payout Ratio | 31.79% | 41.08% | 42.13% | 48.85% | 157.27% | 36.79% | 30.17% | 32.46% | 28.94% |
Ingredion Incorporated (INGR) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 2.42B | 2.14B | 2.16B | 2.65B | 2.7B | 3.31B | 3.4B | 3.35B | 3.5B |
| Cash & Short-Term Investments | 604M | 334M | 268M | 665M | 332M | 239M | 409M | 1.01B | 1.03B |
| Cash Only | 595M | 327M | 264M | 665M | 328M | 236M | 401M | 997M | 1.03B |
| Short-Term Investments | 9M | 7M | 4M | 0 | 4M | 3M | 8M | 11M | 3M |
| Accounts Receivable | 961M | 951M | 977M | 1.01B | 1.13B | 1.41B | 1.28B | 1.09B | 1.19B |
| Days Sales Outstanding | 56.76 | 55.19 | 57.43 | 61.64 | 59.83 | 64.81 | 57.21 | 53.69 | 59.91 |
| Inventory | 823M | 824M | 861M | 917M | 1.17B | 1.6B | 1.45B | 1.19B | 1.23B |
| Days Inventory Outstanding | 62.95 | 61.12 | 64.17 | 70.99 | 76.9 | 90.34 | 82.55 | 76.83 | 83.07 |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 3.67B | 3.59B | 3.88B | 4.21B | 4.3B | 4.25B | 4.24B | 4.09B | 4.39B |
| Property, Plant & Equipment | 2.22B | 2.2B | 2.46B | 2.46B | 2.42B | 2.41B | 2.37B | 2.26B | 2.53B |
| Fixed Asset Turnover | 2.79x | 2.86x | 2.53x | 2.44x | 2.85x | 3.30x | 3.44x | 3.28x | 2.86x |
| Goodwill | 803M | 791M | 801M | 902M | 914M | 900M | 918M | 906M | 0 |
| Intangible Assets | 493M | 460M | 437M | 444M | 434M | 401M | 385M | 358M | 1.27B |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 143M | 131M | 172M | 387M | 531M | 544M | 570M | 561M | 597M |
| Total Assets | 6.08B▲ 0% | 5.73B▼ 5.8% | 6.04B▲ 5.4% | 6.86B▲ 13.5% | 7B▲ 2.1% | 7.56B▲ 8.0% | 7.64B▲ 1.1% | 7.44B▼ 2.6% | 7.9B▲ 6.1% |
| Asset Turnover | 1.02x | 1.10x | 1.03x | 0.87x | 0.98x | 1.05x | 1.07x | 1.00x | 0.91x |
| Asset Growth % | 5.15% | -5.79% | 5.45% | 13.54% | 2.06% | 8.03% | 1.07% | -2.59% | 6.09% |
| Total Current Liabilities | 957M | 946M | 967M | 1.46B | 1.51B | 1.88B | 1.77B | 1.28B | 1.32B |
| Accounts Payable | 493M | 452M | 504M | 599M | 774M | 873M | 778M | 604M | 1.27B |
| Days Payables Outstanding | 37.71 | 33.53 | 37.57 | 46.37 | 50.78 | 49.39 | 44.29 | 39.1 | 85.85 |
| Short-Term Debt | 120M | 169M | 82M | 438M | 308M | 543M | 448M | 44M | 48M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 101M | 81M | 93M | 96M | 105M | 112M | 172M | 124M | 0 |
| Current Ratio | 2.52x | 2.26x | 2.23x | 1.82x | 1.78x | 1.76x | 1.92x | 2.62x | 2.66x |
| Quick Ratio | 1.66x | 1.39x | 1.34x | 1.19x | 1.01x | 0.91x | 1.10x | 1.69x | 1.73x |
| Cash Conversion Cycle | 82 | 82.79 | 84.04 | 86.25 | 85.94 | 105.77 | 95.47 | 91.43 | 57.14 |
| Total Non-Current Liabilities | 2.21B | 2.37B | 2.3B | 2.33B | 2.26B | 2.42B | 2.22B | 2.27B | 2.21B |
| Long-Term Debt | 1.74B | 1.93B | 1.76B | 1.75B | 1.74B | 1.94B | 1.74B | 1.79B | 1.74B |
| Capital Lease Obligations | 0 | 0 | 120M | 136M | 154M | 146M | 157M | 145M | 0 |
| Deferred Tax Liabilities | 199M | 189M | 195M | 217M | 165M | 145M | 116M | 136M | 0 |
| Other Non-Current Liabilities | 264M | 253M | 221M | 227M | 205M | 186M | 207M | 205M | 473M |
| Total Liabilities | 3.16B | 3.32B | 3.27B | 3.79B | 3.77B | 4.3B | 3.99B | 3.55B | 3.53B |
| Total Debt | 1.86B | 2.1B | 2.01B | 2.37B | 2.25B | 2.68B | 2.4B | 2.04B | 1.79B |
| Net Debt | 1.27B | 1.77B | 1.74B | 1.7B | 1.92B | 2.44B | 2B | 1.04B | 760M |
| Debt / Equity | 0.64x | 0.87x | 0.72x | 0.77x | 0.70x | 0.82x | 0.66x | 0.52x | 0.41x |
| Debt / EBITDA | 1.78x | 2.21x | 2.27x | 2.98x | 4.24x | 2.74x | 2.04x | 1.86x | 1.42x |
| Net Debt / EBITDA | 1.21x | 1.87x | 1.97x | 2.14x | 3.62x | 2.50x | 1.70x | 0.95x | 0.60x |
| Interest Coverage | 10.73x | 8.67x | 7.53x | 7.25x | 4.35x | 7.75x | 8.36x | 24.87x | 27.32x |
| Total Equity | 2.92B▲ 0% | 2.41B▼ 17.4% | 2.77B▲ 15.1% | 3.07B▲ 10.8% | 3.23B▲ 5.0% | 3.26B▲ 1.1% | 3.65B▲ 11.9% | 3.89B▲ 6.6% | 4.37B▲ 12.2% |
| Equity Growth % | 12.41% | -17.45% | 15.12% | 10.82% | 4.98% | 1.15% | 11.89% | 6.58% | 12.24% |
| Book Value per Share | 39.69 | 33.54 | 41.13 | 45.44 | 47.57 | 48.69 | 54.48 | 58.41 | 66.96 |
| Total Shareholders' Equity | 2.89B | 2.39B | 2.75B | 2.98B | 3.14B | 3.19B | 3.59B | 3.86B | 4.34B |
| Common Stock | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M |
| Retained Earnings | 3.26B | 3.54B | 3.78B | 3.96B | 3.9B | 4.21B | 4.65B | 5.09B | 5.61B |
| Treasury Stock | -494M | -1.09B | -1.04B | -1.02B | -1.06B | -1.15B | -1.21B | -1.35B | -1.55B |
| Accumulated OCI | -1.01B | -1.15B | -1.16B | -1.13B | -897M | -1.05B | -1.06B | -1.09B | -937M |
| Minority Interest | 26M | 20M | 21M | 91M | 89M | 67M | 57M | 26M | 28M |
Ingredion Incorporated (INGR) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 769M | 703M | 680M | 829M | 392M | 152M | 1.06B | 1.44B | 944M |
| Operating CF Margin % | 12.44% | 11.18% | 10.95% | 13.85% | 5.69% | 1.91% | 12.95% | 19.33% | 13.08% |
| Operating CF Growth % | -0.26% | -8.58% | -3.27% | 21.91% | -52.71% | -61.22% | 595.39% | 35.86% | -34.26% |
| Net Income | 532M | 454M | 413M | 348M | 117M | 502M | 643M | 647M | 729M |
| Depreciation & Amortization | 209M | 247M | 220M | 213M | 220M | 215M | 219M | 214M | 222M |
| Stock-Based Compensation | 26M | 21M | 18M | 23M | 23M | 29M | 20M | 46M | 0 |
| Deferred Taxes | 67M | -23M | 0 | 0 | 0 | -3M | -6M | -15M | 6M |
| Other Non-Cash Items | 73M | 142M | 134M | 219M | 538M | 73M | 119M | 74M | 127M |
| Working Capital Changes | -121M | -118M | -105M | 26M | -506M | -664M | 62M | 470M | -140M |
| Change in Receivables | -44M | -70M | -61M | -3M | -162M | -310M | 77M | 148M | -51M |
| Change in Inventory | -34M | -50M | -43M | -14M | -312M | -468M | 69M | 228M | 3M |
| Change in Payables | -49M | -3M | 0 | 0 | 0 | 158M | -79M | 20M | -27M |
| Cash from Investing | -326M | -361M | -374M | -571M | -335M | -320M | -329M | -47M | -444M |
| Capital Expenditures | -306M | -349M | -328M | -340M | -300M | -300M | -316M | -301M | -433M |
| CapEx % of Revenue | 4.95% | 5.55% | 5.28% | 5.68% | 4.35% | 3.78% | 3.87% | 4.05% | 6% |
| Acquisitions | -17M | -15M | -42M | -236M | -40M | -29M | 0 | 0 | 12M |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | 8M | 1M | -4M | 5M | 5M | 9M | -13M | 254M | -3M |
| Cash from Financing | -375M | -589M | -364M | 143M | -373M | 103M | -569M | -765M | -491M |
| Debt Issued (Net) | -96M | 249M | -256M | 326M | -390M | 433M | -292M | -345M | -44M |
| Equity Issued (Net) | -123M | -657M | 0 | 0 | -68M | -112M | -101M | -216M | -224M |
| Dividends Paid | -165M | -173M | -174M | -170M | -184M | -181M | -194M | -210M | -211M |
| Share Repurchases | -123M | -657M | 0 | 0 | -68M | -112M | -101M | -216M | -224M |
| Other Financing | 9M | 1M | 66M | -13M | 269M | -37M | 18M | 6M | -12M |
| Net Change in Cash | 83M▲ 0% | -268M▼ 422.9% | -63M▲ 76.5% | 401M▲ 736.5% | -337M▼ 184.0% | -92M▲ 72.7% | 165M▲ 279.3% | 596M▲ 261.2% | 33M▼ 94.5% |
| Free Cash Flow | 463M▲ 0% | 354M▼ 23.5% | 352M▼ 0.6% | 489M▲ 38.9% | 92M▼ 81.2% | -148M▼ 260.9% | 741M▲ 600.7% | 1.14B▲ 53.2% | 511M▼ 55.0% |
| FCF Margin % | 7.49% | 5.63% | 5.67% | 8.17% | 1.33% | -1.86% | 9.08% | 15.28% | 7.08% |
| FCF Growth % | -5.12% | -23.54% | -0.56% | 38.92% | -81.19% | -260.87% | 600.68% | 53.17% | -54.98% |
| FCF per Share | 6.30 | 4.93 | 5.22 | 7.23 | 1.36 | -2.21 | 11.06 | 17.04 | 7.84 |
| FCF Conversion (FCF/Net Income) | 1.48x | 1.59x | 1.65x | 2.38x | 3.35x | 0.31x | 1.64x | 2.22x | 1.29x |
| Interest Paid | 0 | 0 | 80M | 78M | 72M | 82M | 96M | 48M | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 187M | 157M | 169M | 0 |
Ingredion Incorporated (INGR) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 20.31% | 18.83% | 16.64% | 15.95% | 11.91% | 3.72% | 15.17% | 18.61% | 17.16% | 17.66% |
| Return on Invested Capital (ROIC) | 15.88% | 15.25% | 12.6% | 11.45% | 9.4% | 4.69% | 10.54% | 12.64% | 12.52% | 15.47% |
| Gross Margin | 23.27% | 23.82% | 21.75% | 21.13% | 21.25% | 19.31% | 18.8% | 21.43% | 24.1% | 25.32% |
| Net Margin | 8.05% | 8.4% | 7.04% | 6.65% | 5.81% | 1.7% | 6.19% | 7.88% | 8.71% | 10.1% |
| Debt / Equity | 0.75x | 0.64x | 0.87x | 0.72x | 0.77x | 0.70x | 0.82x | 0.66x | 0.52x | 0.41x |
| Interest Coverage | 11.16x | 10.73x | 8.67x | 7.53x | 7.25x | 4.35x | 7.75x | 8.36x | 24.87x | 27.32x |
| FCF Conversion | 1.59x | 1.48x | 1.59x | 1.65x | 2.38x | 3.35x | 0.31x | 1.64x | 2.22x | 1.29x |
| Revenue Growth | 1.06% | 2.63% | 1.76% | -1.27% | -3.58% | 15.15% | 15.26% | 2.69% | -8.95% | -2.84% |
Ingredion Incorporated (INGR) SEC filings — annual & quarterly reports (10-K, 10-Q)
May 5, 2026·SEC
May 5, 2026·SEC
Mar 25, 2026·SEC
Feb 17, 2026·SEC
Ingredion Incorporated (INGR) stock FAQ — growth, dividends, profitability & financials explained
Ingredion Incorporated (INGR) reported $7.22B in revenue for fiscal year 2025. This represents a 409% increase from $1.42B in 1997.
Ingredion Incorporated (INGR) saw revenue decline by 2.8% over the past year.
Yes, Ingredion Incorporated (INGR) is profitable, generating $729.0M in net income for fiscal year 2025 (10.1% net margin).
Yes, Ingredion Incorporated (INGR) pays a dividend with a yield of 3.01%. This makes it attractive for income-focused investors.
Ingredion Incorporated (INGR) has a return on equity (ROE) of 17.7%. This is reasonable for most industries.
Ingredion Incorporated (INGR) generated $809.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Ingredion Incorporated (INGR) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates