INGR · Ingredion Inc - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · INGR

1Y 3Y 5Y Max

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$7.22B	$7.43B	$8.16B	$7.95B	$6.89B	$5.99B
Cost of Revenue	$5.39B	$5.64B	$6.41B	$6.45B	$5.56B	$4.71B
Gross Profit	$1.83B	$1.79B	$1.75B	$1.49B	$1.33B	$1.27B
R&D	$71.00M	$67.00M	$63.00M	$52.00M	$43.00M	-
SG&A	-	-	-	-	-	-
Total Operating Expenses	-	-	-	-	-	-
D&A	$222.00M	$214.00M	$219.00M	$215.00M	$220.00M	$213.00M
Operating Income	$1.02B	$883.00M	$957.00M	$762.00M	$310.00M	$582.00M
Interest Expense	-	-	-	-	-	-
Income Tax	$238.00M	$277.00M	$188.00M	$166.00M	$123.00M	$152.00M
Net Income	$729.00M	$647.00M	$643.00M	$492.00M	$117.00M	$348.00M
EPS - Basic	$11.36	$9.88	$9.74	$7.43	$1.74	$5.18
EPS - Diluted	$11.18	$9.71	$9.60	$7.34	$1.73	$5.15

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Cash & Equivalents	$1.03B	$997.00M	$401.00M	$236.00M	$328.00M	$665.00M
Accounts Receivable	$1.19B	$1.09B	$1.28B	$1.41B	$1.01B	$1.01B
Inventory	$1.23B	$1.19B	$1.45B	$1.60B	$1.17B	$917.00M
Accounts Payable	$693.00M	$604.00M	$778.00M	$873.00M	$774.00M	$599.00M
Current Assets	$3.50B	$3.35B	$3.40B	$3.31B	$2.70B	$2.65B
Total Assets	$7.90B	$7.44B	$7.64B	$7.56B	$7.00B	$6.86B
Current Liabilities	$1.32B	$1.28B	$1.77B	$1.88B	$1.51B	$1.46B
Long-term Debt	$1.74B	$1.79B	$1.74B	$1.94B	$1.74B	$1.75B
Total Liabilities	$3.53B	$3.55B	$3.99B	$4.30B	$3.77B	$3.79B
Stockholders' Equity	$4.27B	$3.80B	$3.54B	$3.15B	$3.10B	$2.95B
Retained Earnings	$5.61B	$5.09B	$4.65B	$4.21B	$3.90B	$3.96B

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Operating Cash Flow	$944.00M	$1.44B	$1.06B	$152.00M	$392.00M	$829.00M
Investing Cash Flow	($444.00M)	($47.00M)	($329.00M)	($320.00M)	($335.00M)	($571.00M)
Financing Cash Flow	($491.00M)	($765.00M)	($569.00M)	$103.00M	($373.00M)	$143.00M
CapEx	$433.00M	$301.00M	$316.00M	$300.00M	$300.00M	$340.00M
Free Cash Flow	$511.00M	$1.14B	$741.00M	($148.00M)	$92.00M	$489.00M

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profitability
Gross margin	25.3%	24.1%	21.4%	18.8%	19.3%	21.2%
Operating margin	14.1%	11.9%	11.7%	9.6%	4.5%	9.7%
EBITDA margin	17.1%	14.8%	14.4%	12.3%	7.7%	13.3%
Net margin	10.1%	8.7%	7.9%	6.2%	1.7%	5.8%
Free cash flow margin	7.1%	15.3%	9.1%	-1.9%	1.3%	8.2%
FCF / Net income	0.70	1.75	1.15	-0.30	0.79	1.41
R&D / Revenue	1.0%	0.9%	0.8%	0.7%	0.6%	-
SG&A / Revenue	-	-	-	-	-	-
Effective tax rate	24.6%	30.0%	22.6%	25.2%	51.2%	30.4%
Return on assets	9.2%	8.7%	8.4%	6.5%	1.7%	5.1%
Return on equity	17.1%	17.0%	18.2%	15.6%	3.8%	11.8%
Return on invested capital	12.7%	11.1%	14.0%	11.2%	3.2%	8.6%
Liquidity
Current ratio	2.66	2.62	1.92	1.76	1.78	1.82
Quick ratio	1.73	1.69	1.10	0.91	1.01	1.19
Cash ratio	0.78	0.78	0.23	0.13	0.22	0.46
Leverage
Debt / Equity	0.41	0.47	0.49	0.62	0.56	0.59
Debt / Assets	0.22	0.24	0.23	0.26	0.25	0.25
Debt / EBITDA	1.41	1.63	1.48	1.99	3.28	2.20
Interest coverage	-	-	-	-	-	-
Equity multiplier	1.85	1.96	2.16	2.40	2.26	2.32
Liabilities / Assets	0.45	0.48	0.52	0.57	0.54	0.55
Efficiency
Asset turnover	0.91	1.00	1.07	1.05	0.98	0.87
Inventory turnover	4.39	4.75	4.42	4.04	4.75	5.14
Days sales outstanding	60d	54d	57d	65d	54d	62d
Days inventory outstanding	83d	77d	83d	90d	77d	71d
Days payable outstanding	47d	39d	44d	49d	51d	46d
Cash conversion cycle	96d	91d	95d	106d	80d	86d
Valuation
P / E	9.9x	14.2x	11.3x	13.3x	55.9x	15.3x
P / B	1.7x	2.4x	2.1x	2.1x	2.1x	1.8x
P / S	1.0x	1.2x	0.9x	0.8x	1.0x	0.9x
EV / EBITDA	6.4x	9.1x	7.3x	8.5x	15.0x	8.1x
Growth
Revenue growth (YoY)	-2.8%	-8.9%	2.7%	15.3%	15.1%	-3.6%
Revenue CAGR (3y)	-3.1%	2.5%	10.9%	8.6%	6.5%	-
Revenue CAGR (5y)	3.8%	3.7%	7.4%	-	-	-
Gross profit growth (YoY)	2.1%	2.4%	17.1%	12.2%	4.6%	-3.0%
Operating income growth (YoY)	15.1%	-7.7%	25.6%	145.8%	-46.7%	-12.3%
Net income growth (YoY)	12.7%	0.6%	30.7%	320.5%	-66.4%	-15.7%
EPS growth (YoY)	15.1%	1.1%	30.8%	324.3%	-66.4%	-16.0%
EPS CAGR (3y)	15.1%	77.7%	23.1%	6.2%	-34.5%	-10.0%
EPS CAGR (5y)	16.8%	9.6%	9.2%	0.8%	-23.4%	-1.3%
FCF growth (YoY)	-55.0%	53.2%	-	-	-81.2%	38.9%
FCF CAGR (5y)	0.9%	26.4%	16.0%	-	-28.3%	3.8%
Book value growth (YoY)	12.4%	7.5%	12.4%	1.5%	5.0%	8.5%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$6.94B total

Texture And Healthful Solutions Segment$2.43B · 35.0%

Food And Industrial Ingredients LATAMSegment$2.39B · 34.5%

Food And Industrial Ingredients U.S.Canada Segment$2.12B · 30.6%

Geographic

$7.22B total

US$2.81B · 39.0%

MX$1.39B · 19.3%

Other Countries$982.00M · 13.6%

BR$572.00M · 7.9%

CA$495.00M · 6.9%

DE$384.00M · 5.3%

CO$324.00M · 4.5%

TH$255.00M · 3.5%

Stability scores

Altman Z′

FY 2025 · bankruptcy risk

2.62

Grey zone

Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.

Piotroski F-score

FY 2025 · 9-point quality

8/9

Strong

✓Net income positive
✓Operating cash flow positive
✓ROA improved YoY
✓Cash flow > net income
✓Long-term debt decreased
✓Current ratio improved
✓No share dilution
✓Gross margin improved
✗Asset turnover improved

Peer comparison

Same SIC group: Grain Mill Products

Company	Revenue (last FY)	Net margin	ROE
POST	$8.16B	4.1%	-845.6%
K	-	-	-
GIS	-	-	-
KLG	-	-	-
FRPT	$1.10B	12.6%	11.5%

Comparing Ingredion Inc against the 5 most active filers in the same SIC group.

Dividends

$3.26/share trailing 12 months · +2.5% YoY

Ex-date	Per share
Apr 1, 2026	$0.8200
Jan 2, 2026	$0.8200
Oct 1, 2025	$0.8200
Jul 1, 2025	$0.8000
Apr 1, 2025	$0.8000
Jan 2, 2025	$0.8000
Oct 1, 2024	$0.8000
Jul 1, 2024	$0.7800
Mar 28, 2024	$0.7800
Dec 29, 2023	$0.7800
Sep 29, 2023	$0.7800
Jun 30, 2023	$0.7100
Mar 31, 2023	$0.7100
Dec 29, 2022	$0.7100
Oct 5, 2022	$0.7100
Jun 30, 2022	$0.6500
Mar 31, 2022	$0.6500
Dec 31, 2021	$0.6500
Oct 1, 2021	$0.6500
Jun 30, 2021	$0.6400
Mar 31, 2021	$0.6400
Dec 31, 2020	$0.6400
Sep 30, 2020	$0.6400
Jun 30, 2020	$0.6300