Ingredion Incorporated (INGR)

Ingredion Financials Overview

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

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	7,198	7,219	7,430	8,160	7,946	6,894
Revenue Growth	-2.21%	-2.84%	-8.95%	2.69%	15.26%	15.15%
Gross Profit Gross Profit Growth	1,763	1,828	1,791	1,749	1,494	1,331
Operating Income Operating Income Growth	943	1,016	883	957	762	310
Net Income Net Income Growth	674	729	647	643	492	117
Earnings Per Share EPS Growth	10.38	11.18	9.71	9.60	7.34	1.73
EPS Growth	9.49%	15.14%	1.15%	30.79%	324.28%	-66.41%

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Texture & Healthful Solutions Texture & Healthful Solutions Growth	2,412	2,397	2,366	2,460	2,342
Food & Industrial Ingredients - LATAM Food & Industrial Ingredients - LATAM Growth	2,347	2,341	2,450	2,633	2,569
Food & Industrial Ingredients - U.S./Canada Food & Industrial Ingredients - U.S./Canada Growth	1,968	2,013	2,155	2,335	2,202
All Other Segment All Other Segment Growth	471	468	459	732	833
Revenue (Total) Revenue (Total) Growth	7,198	7,219	7,430	8,160	7,946

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	918	1,033	1,008	409	239	332
Total Debt Total Debt Growth	1,825	1,790	1,831	2,188	2,483	2,046
Net Cash (Debt) Net Cash Growth	-907	-757	-823	-1,779	-2,244	-1,714
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-13.99	-11.61	-12.36	-26.55	-33.49	-25.28

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	900	944	1,436	1,057	152	392
Capital Expenditures CapEx Growth	-451	-433	-295	-314	-300	-300
Free Cash Flow Free Cash Flow Growth	449	511	1,141	743	-148	92
Free Cash Flow Growth	-54.28%	-55.22%	53.57%	-	-	-81.19%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	24.49%	25.32%	24.10%	21.43%	18.80%	19.31%
Operating Margin	13.10%	14.07%	11.88%	11.73%	9.59%	4.50%
Pretax Margin	12.52%	13.49%	12.53%	10.28%	8.41%	3.60%
Profit Margin	9.46%	10.20%	8.80%	7.98%	6.32%	1.81%
FCF Margin	6.24%	7.08%	15.36%	9.11%	-1.86%	1.33%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	3.280	3.240	3.160	2.980	2.720	2.580
Dividend Per Share Growth	2.50%	2.53%	6.04%	9.56%	5.43%	1.57%
Dividend Yield	3.22%	2.98%	2.33%	2.71%	2.79%	2.84%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	9.78	9.86	14.17	11.31	13.34	55.86
Forward PE	9.04	9.73	12.47	11.64	13.01	14.02
P/FCF Ratio	14.29	13.59	7.78	9.52	-	70.02
PS Ratio	0.89	0.96	1.19	0.87	0.81	0.93

Data Source: Fiscal.ai Last updated: May 8, 2026

Financial data is provided by Fiscal.ai and updates within minutes after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jul 30, 2026

Data Sources Report a data error