Ingredion Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	7,219	7,430	8,160	7,946	6,894
Revenue Growth (YoY)	-2.84%	-8.95%	2.69%	15.26%	15.15%
Cost of Revenue	5,391	5,639	6,411	6,452	5,563
Gross Profit	1,828	1,791	1,749	1,494	1,331
Selling, General & Admin	815	719	733	665	626
Research & Development	-	67	63	52	43
Other Operating Expenses	-24	-1	-8	13	-19
Operating Expenses	791	785	788	730	650
Operating Income	1,037	1,006	961	764	681
Interest Expense	-37	-39	-114	-99	-74
Other Non Operating Income (Expenses)	-5	1	3	7	13
EBT Excluding Unusual Items	995	968	850	672	620
Merger & Restructuring Charges	-21	-18	-1	-4	-47
Gain (Loss) on Sale of Investments	-	-	-10	-	-
Gain (Loss) on Sale of Assets	-	90	-	-	-
Asset Writedown	-	-109	-	-	-340
Legal Settlements	-	-	-	-	15
Pretax Income	974	931	839	668	248
Income Tax Expense	238	277	188	166	123
Earnings From Continuing Operations	736	654	651	502	125
Minority Interest in Earnings	-7	-7	-8	-10	-8
Net Income	729	647	643	492	117
Net Income to Common	729	647	643	492	117
Net Income Growth	12.67%	0.62%	30.69%	320.51%	-66.38%
Shares Outstanding (Basic)	64	66	66	66	67
Shares Outstanding (Diluted)	65	67	67	67	68
Shares Change (YoY)	-2.10%	-0.60%	-	-1.18%	0.30%
EPS (Basic)	11.36	9.88	9.74	7.43	1.74
EPS (Diluted)	11.18	9.71	9.60	7.34	1.73
EPS Growth	15.14%	1.15%	30.79%	324.28%	-66.41%
Free Cash Flow	511	1,135	741	-148	92
Free Cash Flow Per Share	7.84	17.04	11.06	-2.21	1.36
Dividend Per Share	3.240	3.160	2.980	2.720	2.580
Dividend Growth	2.53%	6.04%	9.56%	5.43%	1.57%
Gross Margin	25.32%	24.10%	21.43%	18.80%	19.31%
Operating Margin	14.37%	13.54%	11.78%	9.62%	9.88%
Profit Margin	10.10%	8.71%	7.88%	6.19%	1.70%
Free Cash Flow Margin	7.08%	15.28%	9.08%	-1.86%	1.33%
EBITDA	1,259	1,220	1,180	979	901
EBITDA Margin	17.44%	16.42%	14.46%	12.32%	13.07%
D&A For EBITDA	222	214	219	215	220
EBIT	1,037	1,006	961	764	681
EBIT Margin	14.37%	13.54%	11.78%	9.62%	9.88%
Effective Tax Rate	24.44%	29.75%	22.41%	24.85%	49.60%

Updated Feb 3, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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