Ingredion Inc (INGR)
Ingredion Incorporated, together with its subsidiaries, engages in the manufacture and sale of sweeteners, starches, nutrition ingredients, and biomaterial solutions derived from wet milling and processing corn, and other starch-based materials to a range of industries worldwide. The company operates in Texture & Healthful Solutions; Food & Industrial IngredientsLATAM; and Food & Industrial IngredientsU.S./CANADA segments. It offers starch products for use in a range of processed foods; cornstarch; specialty paper starches for enhanced drainage, fiber retention, oil and grease resistance, improved printability, and biochemical oxygen demand control; starches and specialty starches for textile industry; industrial starches are used in the production of construction materials, textiles, adhesives, pharmaceuticals, and cosmetics, as well as in mining and water filtration; and specialty industrial starches for use in biomaterial applications, including biodegradable plastics, fabric softeners and detergents, hair and skin care applications, dusting powders for surgical gloves, and in the production of glass fiber and insulation. The company provides sweetener products comprising glucose syrups, high maltose syrup, high fructose corn syrup, dextrose, polyols, maltodextrin, glucose syrup solids, and non-genetically modified organism syrups for applications in food and beverage products, such as baked goods, snack foods, canned fruits, condiments, candy and other sweets, dairy products, ice cream, jams and jellies, prepared mixes, table syrups, and beverages. In addition, the company sells refined corn oil, corn gluten feed, and corn gluten meal; and other products. The company was formerly known as Corn Products International, Inc. and changed its name to Ingredion Incorporated in June 2012. Ingredion Incorporated was founded in 1906 and is headquartered in Westchester, Illinois.
- Symbol
- INGR
- Exchange
- NYSE
- Sector
- Consumer Defensive
- Industry
- Packaged Foods
- Market cap
- $6.20B
- 52 week range
- 94.44 - 123.5
Valuation
- Share price
- $96.82 (close of 2026-09-23)
- P/E (TTM)
- 10.53x
- Price to book
- 1.37x
- Price to free cash flow
- 17.46x
- Enterprise value
- $7.03B
- Book value per share
- $71.47
Price performance
| Period | Change |
|---|
| 1 day | -0.22% |
| 5 days | -2.27% |
| 1 month | -9.38% |
| 3 months | -1.18% |
| 6 months | -12.34% |
| Year to date | -12.19% |
| 1 year | -20.70% |
| 3 years | -2.75% |
| 5 years | +9.02% |
| 10 years | -25.11% |
| All time | +567.72% |
Profitability and growth
- Return on equity
- 16.97%
- Return on invested capital
- 14.86%
- Return on assets
- 9.23%
- Return on capital employed
- 15.44%
- Gross margin
- 25.32%
- Net margin
- 10.10%
- EBITDA margin
- 17.15%
- Revenue growth
- -2.84%
- Net income growth
- 12.67%
- Free cash flow growth
- -55.21%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 5.73%
- Current ratio
- 2.80x
- Net debt to EBITDA
- 0.74x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $7.22B
- Cost of revenue
- $5.39B
- Gross profit
- $1.83B
- EBITDA
- $1.24B
- Net income
- $729.00M
- Earnings per share
- $11.36
- Research and development
- $71.00M
- Shares outstanding
- 64.20M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $7.22B | $1.83B | $729.00M | $11.36 |
| 2024-12-31 | $7.43B | $1.79B | $647.00M | $9.88 |
| 2023-12-31 | $8.16B | $1.75B | $643.00M | $9.74 |
| 2022-12-31 | $7.95B | $1.49B | $492.00M | $7.43 |
| 2021-12-31 | $6.89B | $1.33B | $117.00M | $1.74 |
| 2020-12-31 | $5.99B | $1.27B | $348.00M | $5.18 |
| 2019-12-31 | $6.21B | $1.31B | $413.00M | $6.17 |
| 2018-12-31 | $6.29B | $1.37B | $443.00M | $6.25 |
| 2017-12-31 | $6.24B | $1.47B | $519.00M | $7.21 |
| 2016-12-31 | $5.70B | $1.40B | $485.00M | $6.70 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | 25.32% | 10.10% | 16.97% | 14.86% |
| 2024-12-31 | 24.10% | 8.71% | 16.92% | 12.47% |
| 2023-12-31 | 21.43% | 7.88% | 18.10% | 13.85% |
| 2022-12-31 | 18.80% | 6.19% | 15.55% | 10.64% |
| 2021-12-31 | 19.31% | 1.70% | 3.75% | 3.71% |
| 2020-12-31 | 21.25% | 5.81% | 11.71% | 9.20% |
| 2019-12-31 | 21.13% | 6.65% | 15.07% | 11.28% |
| 2018-12-31 | 21.75% | 7.04% | 18.40% | 12.82% |
| 2017-12-31 | 23.57% | 8.31% | 17.79% | 14.31% |
| 2016-12-31 | 24.56% | 8.50% | 18.69% | 13.86% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $1.03B | $1.74B |
| 2024-12-31 | $997.00M | $1.79B |
| 2023-12-31 | $401.00M | $1.74B |
| 2022-12-31 | $236.00M | $1.94B |
| 2021-12-31 | $328.00M | $1.74B |
| 2020-12-31 | $665.00M | $1.75B |
| 2019-12-31 | $264.00M | $1.77B |
| 2018-12-31 | $327.00M | $1.93B |
| 2017-12-31 | $595.00M | $1.74B |
| 2016-12-31 | $512.00M | $1.85B |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $511.00M | $40.00M |
| 2024-12-31 | $1.14B | $37.00M |
| 2023-12-31 | $743.00M | $33.00M |
| 2022-12-31 | $-148.00M | $29.00M |
| 2021-12-31 | $92.00M | $23.00M |
| 2020-12-31 | $489.00M | $23.00M |
| 2019-12-31 | $352.00M | $18.00M |
| 2018-12-31 | $353.00M | $21.00M |
| 2017-12-31 | $455.00M | $26.00M |
| 2016-12-31 | $487.00M | $28.00M |
Dividend history
- Most recent payment
- 2026-07-01
- Paid in the last twelve months
- $3.28
| Payment date | Dividend per share |
|---|
| 2026-07-01 | $0.82 |
| 2026-04-01 | $0.82 |
| 2026-01-02 | $0.82 |
| 2025-10-01 | $0.82 |
| 2025-07-01 | $0.80 |
| 2025-04-01 | $0.80 |
| 2025-01-02 | $0.80 |
| 2024-10-01 | $0.80 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-03
- Consensus EPS estimate
- $2.66
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-04 | Jun/2026 | $2.73 |
| 2026-05-05 | - | - |
| 2026-02-03 | - | - |
| 2025-11-04 | - | - |
| 2025-08-01 | - | - |
| 2025-05-06 | - | - |
| 2025-02-04 | - | - |
| 2024-11-05 | - | - |
Filings and sources
- Company website
- ingredion.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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