Ingredion Incorporated logo

Ingredion Incorporated

INGR

NYSEConsumer DefensivePackaged Foods

Previous close

$106.84

−$0.18 · -0.17%

Aug 21, 4:00 PM ET

Pre-market

$106.87

+$0.03 · +0.03%

Aug 24, 8:30 AM ET

INGR company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

95

Deep Value

Momentum

31

Weakening

Sentiment

71

Bullish

Risk resilience

74

Moderate Risk

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Company profile

Company website

Ingredion Incorporated, along with its affiliated entities, specializes in the global production and sale of starches and sweeteners, catering to a diverse range of industries. The company's operations are strategically organized into four geographical segments: North America, South America, Asia-Pacific, and Europe, the Middle East, and Africa. Its extensive product portfolio includes a variety of sweetener solutions such as glucose, high maltose, and high fructose corn syrups, as well as caramel colors, dextrose, polyols, maltodextrins, and glucose syrup solids. Beyond sweeteners, Ingredion also provides food-grade and industrial starches, biomaterials, and key nutrition ingredients. The company further offers specific corn-derived products like edible corn oil, and refined corn oil supplied to manufacturers of cooking oils, margarine, salad dressings, shortening, and mayonnaise. It also produces corn gluten feed, a protein source for poultry, pet food, and aquaculture. Additionally, Ingredion processes fruit and vegetable products, delivering concentrates, purees, essences, pulse proteins, and hydrocolloid systems and blends. These ingredients are predominantly extracted from corn, alongside other starch-rich raw materials such as tapioca, potatoes, and rice. Ingredion's primary clientele hails from the food, beverage, brewing, and animal nutrition sectors. Established in 1906, the firm was initially known as Corn Products International, Inc., before officially rebranding to Ingredion Incorporated in June 2012. Its corporate headquarters are situated in Westchester, Illinois.

Industry
Packaged Foods
Sector
Consumer Defensive
Headquarters
US
CEO
James Zallie
Listed since
Dec 11, 1997
Employees
11,000

Market position

Day range

Current $106.84

52-week range

Current $106.84

Open
$106.83
Previous close
$107.02
Volume
299.37K
0.37× average
Average volume
810.6K
Average daily volume
Market cap
6.74B USD
Beta
0.61
Market reference 1
50-day average
$100.96
+5.82% above average
200-day average
$108.4
-1.44% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
11.49×
P/B (TTM)
1.49×
P/S (TTM)
0.93×
Dividend yield
3.07%

Profitability & efficiency

Gross margin
23.73%
Operating margin
11.93%
Net margin
8.21%

Financial health

Debt / equity
0.39×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends28%18%9%-1%Gross margin, FY2021: 19.31%Gross margin, FY2022: 18.80%Gross margin, FY2023: 21.43%Gross margin, FY2024: 24.10%Gross margin, FY2025: 25.32%Operating margin, FY2021: 4.50%Operating margin, FY2022: 9.59%Operating margin, FY2023: 11.73%Operating margin, FY2024: 11.88%Operating margin, FY2025: 14.36%Net margin, FY2021: 1.70%Net margin, FY2022: 6.19%Net margin, FY2023: 7.88%Net margin, FY2024: 8.71%Net margin, FY2025: 10.10%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 19.31%. Gross margin FY2022 18.80%. Gross margin FY2023 21.43%. Gross margin FY2024 24.10%. Gross margin FY2025 25.32%. Operating margin FY2021 4.50%. Operating margin FY2022 9.59%. Operating margin FY2023 11.73%. Operating margin FY2024 11.88%. Operating margin FY2025 14.36%. Net margin FY2021 1.70%. Net margin FY2022 6.19%. Net margin FY2023 7.88%. Net margin FY2024 8.71%. Net margin FY2025 10.10%.

Income trends

Revenue

7.22B USD-2.84%

Operating income

1.04B USD+17.44%

Net income

729M USD+12.67%
Income trends across reported periods8.96B USD5.75B USD2.53B USD−687.3M USDRevenue, FY2021: 6.89B USDRevenue, FY2022: 7.95B USDRevenue, FY2023: 8.16B USDRevenue, FY2024: 7.43B USDRevenue, FY2025: 7.22B USDOperating income, FY2021: 310M USDOperating income, FY2022: 762M USDOperating income, FY2023: 957M USDOperating income, FY2024: 883M USDOperating income, FY2025: 1.04B USDNet income, FY2021: 117M USDNet income, FY2022: 492M USDNet income, FY2023: 643M USDNet income, FY2024: 647M USDNet income, FY2025: 729M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 6.89B USD. Revenue FY2022 7.95B USD. Revenue FY2023 8.16B USD. Revenue FY2024 7.43B USD. Revenue FY2025 7.22B USD. Operating income FY2021 310M USD. Operating income FY2022 762M USD. Operating income FY2023 957M USD. Operating income FY2024 883M USD. Operating income FY2025 1.04B USD. Net income FY2021 117M USD. Net income FY2022 492M USD. Net income FY2023 643M USD. Net income FY2024 647M USD. Net income FY2025 729M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue7.22B USD7.43B USD8.16B USD7.95B USD6.89B USD
Cost of goods sold5.39B USD5.64B USD6.41B USD6.45B USD5.56B USD
Gross profit1.83B USD1.79B USD1.75B USD1.49B USD1.33B USD
Operating expenses791M USD908M USD792M USD732M USD1.02B USD
Interest expense37M USD39M USD114M USD99M USD74M USD
Depreciation and amortization222M USD214M USD219M USD215M USD220M USD
Operating income1.04B USD883M USD957M USD762M USD310M USD
Net income729M USD647M USD643M USD492M USD117M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
82%
9 beats, 2 misses, 0 met estimates
Average EPS surprise
+6.06%
11 comparable reports
Latest EPS result
2.82
Estimate 2.71 · Beat by 4.06%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates3.092.82.512.22Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 4, 2025: actual 2.63, estimate 2.54, surprise +3.54%, Beat. Q2 2025, reported May 6, 2025: actual 2.97, estimate 2.44, surprise +21.72%, Beat. Q3 2025, reported Aug 1, 2025: actual 2.87, estimate 2.78, surprise +3.24%, Beat. Q4 2025, reported Nov 4, 2025: actual 2.75, estimate 2.73, surprise +0.73%, Beat. Q1 2026, reported Feb 3, 2026: actual 2.53, estimate 2.59, surprise -2.32%, Miss. Q2 2026, reported May 5, 2026: actual 2.34, estimate 2.44, surprise -4.10%, Miss. Q3 2026, reported Aug 4, 2026: actual 2.82, estimate 2.71, surprise +4.06%, Beat. Q4 2026, reported Nov 3, 2026: actual —, estimate 2.66, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates1.98B1.88B1.78B1.68BQ1 '25MissQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 4, 2025: actual 1.8B USD, estimate 1.86B USD, surprise -3.15%, Miss. Q2 2025, reported May 6, 2025: actual 1.81B USD, estimate 1.88B USD, surprise -3.76%, Miss. Q3 2025, reported Aug 1, 2025: actual 1.83B USD, estimate 1.91B USD, surprise -3.83%, Miss. Q4 2025, reported Nov 4, 2025: actual 1.82B USD, estimate 1.83B USD, surprise -0.60%, Miss. Q1 2026, reported Feb 3, 2026: actual 1.76B USD, estimate 1.79B USD, surprise -1.57%, Miss. Q2 2026, reported May 5, 2026: actual 1.79B USD, estimate 1.79B USD, surprise +0.18%, Beat. Q3 2026, reported Aug 4, 2026: actual 1.85B USD, estimate 1.83B USD, surprise +0.88%, Beat. Q4 2026, reported Nov 3, 2026: actual —, estimate 1.8B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$116

8.57% upside
Past 12 months12-month forecastHigh $118Average $116Low $114

Rating distribution

21 ratings
Strong buy00%
Buy838%
Hold1257%
Sell15%
Strong sell00%

INGR peers

ETFs holding INGR

Funds reporting this stock among their holdings, ordered by reported position size.

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