Ingredion (INGR)

NYSE Consumer Staples Agricultural Products & Services S&P MidCap 400

$91.72

-5.70 (-5.85%)

Close of Nov 06, 2026 · end-of-day data

Source: Ingredion's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$5.70B	$6.24B	$6.29B	$6.21B	$5.99B	$6.89B	$7.95B	$8.16B	$7.43B	$7.22B
Cost of revenue	$4.30B	$4.77B	$4.92B	$4.90B	$4.71B	$5.56B	$6.45B	$6.41B	$5.64B	$5.39B
Gross profit	$1.40B	$1.47B	$1.37B	$1.31B	$1.27B	$1.33B	$1.49B	$1.75B	$1.79B	$1.83B
Research & development	—	—	—	$44.00M	$43.00M	$43.00M	$52.00M	$63.00M	$67.00M	$71.00M
Selling, general & admin	$579.00M	—	—	—	—	—	—	—	—	—
Operating income	$806.00M	$836.00M	$703.00M	$664.00M	$582.00M	$310.00M	$762.00M	$957.00M	$883.00M	$1.02B
Pre-tax income	$742.00M	$769.00M	$621.00M	$582.00M	$506.00M	$248.00M	$668.00M	$839.00M	$931.00M	$974.00M
Income tax	$246.00M	$237.00M	$167.00M	$158.00M	$152.00M	$123.00M	$166.00M	$188.00M	$277.00M	$238.00M
Net income	$485.00M	$519.00M	$443.00M	$413.00M	$348.00M	$117.00M	$492.00M	$643.00M	$647.00M	$729.00M
EBITDA	$1.00B	$1.04B	$950.00M	$884.00M	$795.00M	$530.00M	$977.00M	$1.18B	$1.10B	$1.24B
EPS (basic)	$6.70	$7.21	$6.25	$6.17	$5.18	$1.74	$7.43	$9.74	$9.88	$11.36
EPS (diluted)	$6.55	$7.06	$6.17	$6.13	$5.15	$1.73	$7.34	$9.60	$9.71	$11.18
Diluted shares	74.10M	73.50M	71.80M	67.40M	67.60M	67.80M	67.00M	67.00M	66.60M	65.20M
Gross margin	24.6%	23.6%	21.8%	21.1%	21.2%	19.3%	18.8%	21.4%	24.1%	25.3%
Operating margin	14.1%	13.4%	11.2%	10.7%	9.7%	4.5%	9.6%	11.7%	11.9%	14.1%
Net margin	8.5%	8.3%	7.0%	6.7%	5.8%	1.7%	6.2%	7.9%	8.7%	10.1%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$512.00M	$595.00M	$327.00M	$264.00M	$665.00M	$328.00M	$236.00M	$401.00M	$997.00M	$1.03B
Receivables	$923.00M	$961.00M	$951.00M	$977.00M	$1.01B	$1.13B	$1.41B	$1.28B	$1.09B	$1.19B
Inventory	$789.00M	$823.00M	$824.00M	$861.00M	$917.00M	$1.17B	$1.60B	$1.45B	$1.19B	$1.23B
Total current assets	$2.25B	$2.42B	$2.14B	$2.16B	$2.65B	$2.70B	$3.31B	$3.40B	$3.35B	$3.50B
Goodwill	$784.00M	$803.00M	$791.00M	$801.00M	$902.00M	$914.00M	$900.00M	$918.00M	$906.00M	$922.00M
Total assets	$5.78B	$6.08B	$5.73B	$6.04B	$6.86B	$7.00B	$7.56B	$7.64B	$7.44B	$7.90B
Total current liabilities	$978.00M	$957.00M	$946.00M	$967.00M	$1.46B	$1.51B	$1.88B	$1.77B	$1.28B	$1.32B
Short-term debt	$106.00M	$120.00M	$169.00M	$82.00M	$438.00M	$308.00M	$543.00M	$448.00M	$44.00M	$48.00M
Long-term debt	$1.85B	$1.74B	$1.93B	$1.77B	$1.75B	$1.74B	$1.94B	$1.74B	$1.79B	$1.74B
Total debt	$1.96B	$1.86B	$2.10B	$1.85B	$2.19B	$2.05B	$2.48B	$2.19B	$1.83B	$1.79B
Total liabilities	$3.22B	$3.19B	$3.34B	$3.27B	$3.79B	$3.77B	$4.30B	$3.99B	$3.55B	$3.53B
Shareholders' equity	$2.56B	$2.89B	$2.39B	$2.72B	$2.95B	$3.10B	$3.15B	$3.54B	$3.80B	$4.27B

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$771.00M	$769.00M	$703.00M	$680.00M	$829.00M	$392.00M	$152.00M	$1.06B	$1.44B	$944.00M
Capital expenditures	$284.00M	$314.00M	$350.00M	$328.00M	$340.00M	$300.00M	$300.00M	$314.00M	$295.00M	$433.00M
Free cash flow	$487.00M	$455.00M	$353.00M	$352.00M	$489.00M	$92.00M	-$148.00M	$743.00M	$1.14B	$511.00M
Investing cash flow	-$689.00M	-$326.00M	-$361.00M	-$374.00M	-$571.00M	-$335.00M	-$320.00M	-$329.00M	-$47.00M	-$444.00M
Financing cash flow	—	-$375.00M	-$589.00M	-$364.00M	$143.00M	-$373.00M	$103.00M	-$569.00M	-$765.00M	-$491.00M
Dividends paid	$141.00M	$165.00M	$182.00M	$174.00M	$178.00M	$184.00M	$181.00M	$194.00M	$210.00M	$211.00M
Share buybacks	$8.00M	$123.00M	—	—	—	—	—	—	—	—
Stock-based compensation	$28.00M	$26.00M	$21.00M	$18.00M	$23.00M	$23.00M	$29.00M	$33.00M	$37.00M	$40.00M
Depreciation & amortization	$196.00M	$209.00M	$247.00M	$220.00M	$213.00M	$220.00M	$215.00M	$219.00M	$214.00M	$222.00M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$1.92B	$1.88B	$1.88B	$1.87B	$1.80B	$1.81B	$1.83B	$1.82B	$1.76B	$1.79B	$1.85B	$1.79B
Cost of revenue	$1.52B	$1.47B	$1.43B	$1.39B	$1.35B	$1.35B	$1.36B	$1.36B	$1.33B	$1.39B	$1.42B	$1.39B
Gross profit	$400.00M	$417.00M	$446.00M	$479.00M	$449.00M	$466.00M	$477.00M	$455.00M	$430.00M	$401.00M	$426.00M	$399.00M
Operating income	$202.00M	$213.00M	$240.00M	$268.00M	$162.00M	$276.00M	$271.00M	$249.00M	$220.00M	$203.00M	$188.00M	$201.00M
Pre-tax income	$176.00M	$276.00M	$230.00M	$273.00M	$152.00M	$267.00M	$259.00M	$241.00M	$207.00M	$194.00M	$175.00M	$194.00M
Income tax	$43.00M	$58.00M	$80.00M	$84.00M	$55.00M	$68.00M	$61.00M	$69.00M	$40.00M	$50.00M	$59.00M	$52.00M
Net income	$131.00M	$216.00M	$148.00M	$188.00M	$95.00M	$197.00M	$196.00M	$171.00M	$165.00M	$142.00M	$114.00M	$142.00M
EBITDA	$256.00M	$266.00M	$294.00M	$321.00M	$216.00M	$331.00M	$324.00M	$306.00M	$277.00M	$258.00M	$243.00M	$256.00M
EPS (basic)	$2.00	$3.29	$2.25	$2.88	$1.46	$3.05	$3.04	$2.66	$2.59	$2.25	$1.80	$2.25
EPS (diluted)	$1.97	$3.23	$2.22	$2.83	$1.43	$3.00	$2.99	$2.61	$2.56	$2.22	$1.78	$2.23
Diluted shares	-100.00K	66.80M	66.80M	66.50M	0	65.60M	65.60M	65.40M	-300.00K	64.00M	63.90M	63.70M
Gross margin	20.8%	22.2%	23.7%	25.6%	24.9%	25.7%	26.0%	25.1%	24.5%	22.4%	23.0%	22.3%
Operating margin	10.5%	11.3%	12.8%	14.3%	9.0%	15.2%	14.8%	13.7%	12.5%	11.3%	10.2%	11.2%
Net margin	6.8%	11.5%	7.9%	10.1%	5.3%	10.9%	10.7%	9.4%	9.4%	7.9%	6.2%	7.9%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$401.00M	$438.00M	$505.00M	$877.00M	$997.00M	$837.00M	$861.00M	$915.00M	$1.03B	$914.00M	$948.00M	$989.00M
Receivables	$1.28B	$1.28B	$1.29B	$1.17B	$1.09B	$1.28B	$1.36B	$1.31B	$1.19B	$1.36B	$1.39B	$1.35B
Inventory	$1.45B	$1.34B	$1.24B	$1.23B	$1.19B	$1.17B	$1.22B	$1.23B	$1.23B	$1.18B	$1.11B	$1.15B
Total current assets	$3.40B	$3.12B	$3.10B	$3.35B	$3.35B	$3.37B	$3.52B	$3.52B	$3.50B	$3.52B	$3.52B	$3.56B
Goodwill	$918.00M	$910.00M	$907.00M	$925.00M	$906.00M	—	—	$921.00M	$922.00M	$920.00M	$917.00M	$917.00M
Total assets	$7.64B	$7.32B	$7.22B	$7.53B	$7.44B	$7.47B	$7.78B	$7.83B	$7.90B	$7.93B	$8.07B	$8.13B
Total current liabilities	$1.77B	$1.28B	$1.23B	$1.25B	$1.28B	$1.18B	$1.26B	$1.28B	$1.32B	$1.28B	$1.26B	$1.77B
Short-term debt	$448.00M	$141.00M	$109.00M	$99.00M	$44.00M	$42.00M	$46.00M	$57.00M	$48.00M	$83.00M	$41.00M	$533.00M
Long-term debt	$1.74B	$1.74B	$1.74B	$1.74B	$1.79B	$1.74B	$1.74B	$1.74B	$1.74B	$1.74B	$1.74B	$1.24B
Total debt	$2.19B	$1.88B	$1.85B	$1.84B	$1.83B	$1.78B	$1.79B	$1.80B	$1.79B	$1.82B	$1.78B	$1.77B
Total liabilities	$3.99B	$3.49B	$3.44B	$3.50B	$3.55B	$3.42B	$3.50B	$3.51B	$3.53B	$3.48B	$3.50B	$3.52B
Shareholders' equity	$3.54B	$3.72B	$3.71B	$3.95B	$3.80B	$3.98B	$4.20B	$4.24B	$4.27B	$4.38B	$4.52B	$4.55B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$410.00M	$209.00M	$312.00M	$479.00M	$436.00M	$77.00M	$185.00M	$277.00M	$405.00M	$33.00M	$90.00M	$266.00M
Capital expenditures	$81.00M	$65.00M	$55.00M	$50.00M	$125.00M	$92.00M	$101.00M	$106.00M	$134.00M	$110.00M	$100.00M	$103.00M
Free cash flow	$329.00M	$144.00M	$257.00M	$429.00M	$311.00M	-$15.00M	$84.00M	$171.00M	$271.00M	-$77.00M	-$10.00M	$163.00M
Investing cash flow	-$87.00M	$181.00M	-$56.00M	-$46.00M	-$126.00M	-$78.00M	-$125.00M	-$99.00M	-$142.00M	-$100.00M	-$2.00M	-$67.00M
Financing cash flow	-$268.00M	-$347.00M	-$179.00M	-$75.00M	-$164.00M	-$166.00M	-$50.00M	-$124.00M	-$151.00M	-$48.00M	-$53.00M	-$157.00M
Dividends paid	$51.00M	$51.00M	$53.00M	$52.00M	$54.00M	$52.00M	$54.00M	$51.00M	$54.00M	$52.00M	$53.00M	$53.00M
Stock-based compensation	$10.00M	$13.00M	$9.00M	$8.00M	$7.00M	$13.00M	$11.00M	$9.00M	$7.00M	$10.00M	$8.00M	$7.00M
Depreciation & amortization	$54.00M	$53.00M	$54.00M	$53.00M	$54.00M	$55.00M	$53.00M	$57.00M	$57.00M	$55.00M	$55.00M	$55.00M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.