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.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.79B | - | $1.82B | $1.83B | $1.81B | - | $1.87B | $1.88B | $1.88B | - |
| Cost of Revenue | $1.39B | - | $1.36B | $1.36B | $1.35B | - | $1.39B | $1.43B | $1.47B | - |
| Gross Profit | $401.00M | - | $455.00M | $477.00M | $466.00M | - | $479.00M | $446.00M | $417.00M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $55.00M | - | - | - | $55.00M | - | - | - | $53.00M | - |
| Operating Income | $203.00M | - | $249.00M | $271.00M | $276.00M | - | $268.00M | $240.00M | $213.00M | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $50.00M | - | $69.00M | $61.00M | $68.00M | - | $84.00M | $80.00M | $58.00M | - |
| Net Income | $142.00M | - | $171.00M | $196.00M | $197.00M | - | $188.00M | $148.00M | $216.00M | - |
| EPS - Basic | $2.25 | - | $2.66 | $3.04 | $3.05 | - | $2.88 | $2.25 | $3.29 | - |
| EPS - Diluted | $2.22 | - | $2.61 | $2.99 | $3.00 | - | $2.83 | $2.22 | $3.23 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $914.00M | $1.03B | $915.00M | $861.00M | $837.00M | $997.00M | $877.00M | $505.00M | $438.00M | $401.00M |
| Accounts Receivable | $1.36B | $1.19B | $1.31B | $1.36B | $1.28B | $1.09B | $1.17B | $1.29B | $1.28B | $1.28B |
| Inventory | $1.18B | $1.23B | $1.23B | $1.22B | $1.17B | $1.19B | $1.23B | $1.24B | $1.34B | $1.45B |
| Accounts Payable | $613.00M | $693.00M | $652.00M | $666.00M | $634.00M | $604.00M | $604.00M | $606.00M | $659.00M | $778.00M |
| Current Assets | $3.52B | $3.50B | $3.52B | $3.52B | $3.37B | $3.35B | $3.35B | $3.10B | $3.13B | $3.40B |
| Total Assets | $7.93B | $7.90B | $7.83B | $7.78B | $7.47B | $7.44B | $7.53B | $7.22B | $7.32B | $7.64B |
| Current Liabilities | $1.28B | $1.32B | $1.28B | $1.26B | $1.18B | $1.28B | $1.25B | $1.23B | $1.28B | $1.77B |
| Long-term Debt | $1.74B | $1.74B | $1.74B | $1.74B | $1.74B | $1.79B | $1.74B | $1.74B | $1.74B | $1.74B |
| Total Liabilities | $3.48B | $3.53B | $3.51B | $3.50B | $3.42B | $3.55B | $3.50B | $3.44B | $3.49B | $3.99B |
| Stockholders' Equity | $4.38B | $4.27B | $4.24B | $4.20B | $3.98B | $3.80B | $3.95B | $3.71B | $3.72B | $3.54B |
| Retained Earnings | $5.70B | $5.61B | $5.50B | $5.38B | $5.24B | $5.09B | $5.05B | $4.91B | $4.82B | $4.65B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $33.00M | - | - | - | $77.00M | - | - | - | $209.00M | - |
| Investing Cash Flow | ($100.00M) | - | - | - | ($90.00M) | - | - | - | $181.00M | - |
| Financing Cash Flow | ($48.00M) | - | - | - | ($154.00M) | - | - | - | ($347.00M) | - |
| CapEx | $110.00M | - | - | - | $92.00M | - | - | - | $65.00M | - |
| Free Cash Flow | ($77.00M) | - | - | - | ($15.00M) | - | - | - | $144.00M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 22.4% | - | 25.1% | 26.0% | 25.7% | - | 25.6% | 23.7% | 22.2% | - |
| Operating margin | 11.3% | - | 13.7% | 14.8% | 15.2% | - | 14.3% | 12.8% | 11.3% | - |
| EBITDA margin | 14.4% | - | - | - | 18.3% | - | - | - | 14.1% | - |
| Net margin | 7.9% | - | 9.4% | 10.7% | 10.9% | - | 10.1% | 7.9% | 11.5% | - |
| Free cash flow margin | -4.3% | - | - | - | -0.8% | - | - | - | 7.7% | - |
| FCF / Net income | -0.54 | - | - | - | -0.08 | - | - | - | 0.67 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 26.0% | - | 28.7% | 23.7% | 25.7% | - | 30.9% | 35.1% | 21.2% | - |
| Return on assets | 1.8% | - | 2.2% | 2.5% | 2.6% | - | 2.5% | 2.0% | 3.0% | - |
| Return on equity | 3.2% | - | 4.0% | 4.7% | 5.0% | - | 4.8% | 4.0% | 5.8% | - |
| Return on invested capital | 2.5% | - | 3.0% | 3.5% | 3.6% | - | 3.3% | 2.9% | 3.1% | - |
| Liquidity | ||||||||||
| Current ratio | 2.76 | 2.66 | 2.75 | 2.78 | 2.85 | 2.62 | 2.67 | 2.52 | 2.44 | 1.92 |
| Quick ratio | 1.83 | 1.73 | 1.79 | 1.81 | 1.86 | 1.69 | 1.69 | 1.51 | 1.39 | 1.10 |
| Cash ratio | 0.72 | 0.78 | 0.72 | 0.68 | 0.71 | 0.78 | 0.70 | 0.41 | 0.34 | 0.23 |
| Leverage | ||||||||||
| Debt / Equity | 0.40 | 0.41 | 0.41 | 0.41 | 0.44 | 0.47 | 0.44 | 0.47 | 0.47 | 0.49 |
| Debt / Assets | 0.22 | 0.22 | 0.22 | 0.22 | 0.23 | 0.24 | 0.23 | 0.24 | 0.24 | 0.23 |
| Debt / EBITDA | 6.75 | - | - | - | 5.26 | - | - | - | 6.54 | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.81 | 1.85 | 1.85 | 1.85 | 1.88 | 1.96 | 1.91 | 1.95 | 1.97 | 2.16 |
| Liabilities / Assets | 0.44 | 0.45 | 0.45 | 0.45 | 0.46 | 0.48 | 0.46 | 0.48 | 0.48 | 0.52 |
| Efficiency | ||||||||||
| Asset turnover | 0.23 | - | 0.23 | 0.24 | 0.24 | - | 0.25 | 0.26 | 0.26 | - |
| Inventory turnover | 1.18 | - | 1.11 | 1.11 | 1.15 | - | 1.13 | 1.15 | 1.09 | - |
| Days sales outstanding | 277d | - | 264d | 271d | 258d | - | 229d | 250d | 249d | - |
| Days inventory outstanding | 310d | - | 329d | 329d | 318d | - | 324d | 317d | 335d | - |
| Days payable outstanding | 161d | - | 175d | 179d | 172d | - | 158d | 154d | 164d | - |
| Cash conversion cycle | 426d | - | 417d | 421d | 404d | - | 394d | 413d | 420d | - |
| Valuation | ||||||||||
| P / E | 50.7x | - | 46.8x | 45.4x | 45.1x | - | 48.6x | 51.7x | 36.2x | - |
| P / B | 1.6x | - | 1.9x | 2.1x | 2.2x | - | 2.3x | 2.1x | 2.1x | - |
| P / S | 4.0x | - | 4.4x | 4.9x | 4.9x | - | 4.9x | 4.1x | 4.1x | - |
| EV / EBITDA | 31.2x | - | - | - | 29.5x | - | - | - | 34.2x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -1.2% | - | -2.9% | -2.4% | -3.7% | - | -8.0% | -9.2% | -11.9% | - |
| Revenue CAGR (3y) | -5.7% | - | -3.5% | -3.6% | -1.4% | - | 2.0% | 2.1% | 5.3% | - |
| Revenue CAGR (5y) | 2.1% | - | 3.9% | 6.3% | 3.3% | - | 5.1% | 5.5% | 5.8% | - |
| Gross profit growth (YoY) | -13.9% | - | -5.0% | 7.0% | 11.8% | - | 13.8% | 1.1% | -14.4% | - |
| Operating income growth (YoY) | -26.4% | - | -7.1% | 12.9% | 29.6% | - | 25.8% | -4.4% | -26.8% | - |
| Net income growth (YoY) | -27.9% | - | -9.0% | 32.4% | -8.8% | - | 19.0% | -9.2% | 13.1% | - |
| EPS growth (YoY) | -26.0% | - | -7.8% | 34.7% | -7.1% | - | 19.9% | -8.3% | 13.3% | - |
| EPS CAGR (3y) | -8.0% | - | 18.0% | 12.1% | 16.0% | - | 17.4% | -5.4% | - | - |
| EPS CAGR (5y) | - | - | 13.9% | 25.0% | 22.0% | - | 14.0% | 7.3% | 16.9% | - |
| FCF growth (YoY) | -413.3% | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 10.2% | 12.4% | 7.3% | 13.3% | 6.8% | 7.5% | 17.4% | 9.7% | 14.1% | 12.4% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$6.94B totalTexture 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 totalUS$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%
Peer comparison
Same SIC group: Grain Mill Products
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 |