Saturday 17 October 2026
Export INGR’s income statement to Excel — free account
Ingredion Incorporated
INGR Consumer Defensive Packaged Foods
Ingredion Incorporated’s revenue for fiscal 2025 (year ended December 2025) was $7.2 billion, down 2.84% from fiscal 2024. In the quarter to June 2026, revenue was flat, EPS fell 40.8%, free cash flow grew 34.4% and total debt was flat, each against the same quarter a year earlier. Dividend growth for ten consecutive years.
97.93
0.66
+0.68%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
18.83 | 19.41 | 14.65 | 15.04 | 15.19 | 55.22 | 13.13 | 11.26 | 13.92 | 9.72 |
Piotroski F-Score |
6 | 7 | 5 | 5 | 5 | 6 | 5 | 8 | 7 | 8 |
P/S ratio |
1.59 | 1.61 | 1.03 | 1.00 | 0.88 | 0.94 | 0.81 | 0.89 | 1.21 | 0.98 |
Altman Z-Score |
4.11 | 4.43 | 3.79 | 3.63 | 2.99 | 3.12 | 3.27 | 3.64 | 4.17 | 3.85 |
Altman Z″-Score (non-manufacturers) |
4.87 | 5.21 | 4.96 | 4.95 | 4.39 | 4.07 | 4.49 | 5.14 | 5.96 | 6.25 |
P/FCF ratio |
18.50 | 21.77 | 18.31 | 17.57 | 10.66 | 58.95 | 0.00 | 9.74 | 7.90 | 13.85 |
Beneish M-Score |
(2.53) | (2.58) | (2.70) | (2.56) | (2.78) | (2.48) | (2.10) | (2.85) | (3.13) | (2.53) |
P/Operating CF |
39.59 | 41.13 | 52.26 | 32.73 | 19.80 | 48.76 | 89.55 | 17.66 | 20.67 | 17.48 |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 89 |
P/B ratio |
3.49 | 3.45 | 2.69 | 2.27 | 1.78 | 2.08 | 2.04 | 2.04 | 2.36 | 1.65 |
Price to Tangible BV |
6.93 | 6.22 | 5.60 | 4.14 | 3.25 | 3.66 | 3.46 | 3.22 | 3.52 | 2.34 |
EV/Sales |
1.84 | 1.82 | 1.31 | 1.26 | 1.14 | 1.19 | 1.09 | 1.11 | 1.32 | 1.09 |
EV/EBITDA |
10.48 | 10.85 | 8.68 | 8.82 | 8.56 | 15.47 | 8.90 | 7.67 | 8.96 | 6.33 |
EV/Operating CF |
13.63 | 14.74 | 11.73 | 11.47 | 8.21 | 20.91 | 57.18 | 8.53 | 6.85 | 8.30 |
EV/FCF |
21.44 | 24.49 | 23.29 | 22.03 | 13.73 | 74.53 | (61.64) | 12.14 | 8.62 | 15.33 |
Quick Ratio |
1.47 | 1.64 | 1.36 | 1.29 | 1.15 | 0.97 | 0.88 | 0.95 | 1.64 | 1.69 |
Current Ratio |
2.30 | 2.52 | 2.26 | 2.23 | 1.82 | 1.78 | 1.76 | 1.92 | 2.62 | 2.66 |
Net Debt/EBITDA |
1.44 | 1.21 | 1.86 | 1.79 | 1.91 | 3.23 | 2.30 | 1.51 | 0.75 | 0.61 |
Debt/Assets |
33.83% | 30.66% | 36.66% | 30.60% | 31.88% | 29.23% | 32.84% | 28.63% | 24.60% | 22.67% |
Debt/Equity |
0.75 | 0.64 | 0.87 | 0.67 | 0.74 | 0.66 | 0.79 | 0.62 | 0.48 | 0.42 |
Asset Turnover |
1.05 | 1.05 | 1.07 | 1.06 | 0.93 | 1.00 | 1.09 | 1.07 | 0.99 | 0.94 |
Operating CF/Net income |
1.59 | 1.48 | 1.59 | 1.65 | 2.38 | 3.35 | 0.31 | 1.64 | 2.22 | 1.29 |
Capex/Depreciation |
(1.43) | (1.46) | (1.41) | (1.48) | (1.56) | (1.28) | (1.36) | (1.43) | (1.38) | (1.95) |
Interest Coverage |
12.21 | 11.45 | 8.17 | 8.20 | 7.19 | 4.19 | 7.70 | 8.39 | 22.64 | 27.46 |
| 20.31% | 18.83% | 16.64% | 16.04% | 12.18% | 3.84% | 15.67% | 19.15% | 17.55% | 17.96% | |
| 8.94% | 8.75% | 7.50% | 7.02% | 5.40% | 1.69% | 6.76% | 8.46% | 8.58% | 9.50% | |
ROIC |
12.48% | 12.51% | 10.53% | 9.60% | 8.10% | 4.01% | 8.81% | 11.22% | 11.88% | 12.57% |
Return on Tangible Assets |
14.31% | 14.12% | 13.07% | 11.80% | 9.55% | 3.24% | 12.83% | 16.09% | 14.91% | 15.46% |
Average Days of Receivables |
59.06 | 56.18 | 55.19 | 57.43 | 61.64 | 59.83 | 64.81 | 57.21 | 53.69 | 59.91 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Intangible Assets out of Total Assets |
0.22 | 0.21 | 0.22 | 0.21 | 0.20 | 0.19 | 0.17 | 0.17 | 0.17 | 0.16 |
Share Based Compensation of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Graham Net Nets |
(0.10) | (0.07) | (0.18) | (0.18) | (0.23) | (0.18) | (0.17) | (0.10) | (0.03) | (0.01) |
Graham Number |
73.34 | 81.07 | 69.05 | 75.48 | 71.80 | 42.77 | 89.31 | 108.60 | 113.91 | 130.65 |
Earnings Yield |
5.31% | 5.15% | 6.83% | 6.65% | 6.58% | 1.81% | 7.62% | 8.88% | 7.18% | 10.28% |
Free Cash Flow Yield |
5.41% | 4.59% | 5.46% | 5.69% | 9.38% | 1.70% | (2.19%) | 10.26% | 12.66% | 7.22% |
Revenue per Share |
78.89 | 86.72 | 88.70 | 92.81 | 89.09 | 102.74 | 120.03 | 123.64 | 113.44 | 112.45 |
Operating CF per Share |
10.66 | 10.68 | 9.92 | 10.16 | 12.34 | 5.84 | 2.30 | 16.02 | 21.92 | 14.70 |
Capex per Share |
(3.89) | (4.25) | (4.92) | (4.87) | (4.96) | (4.20) | (4.43) | (4.76) | (4.50) | (6.74) |
Free Cash Flow per Share |
6.78 | 6.43 | 4.99 | 5.29 | 7.38 | 1.64 | (2.13) | 11.26 | 17.42 | 7.96 |
Cash per Share |
7.14 | 8.39 | 4.71 | 4.01 | 9.90 | 4.95 | 3.61 | 6.20 | 15.39 | 16.09 |
Shareholders Equity per Share |
35.89 | 40.51 | 33.96 | 40.97 | 44.23 | 46.47 | 47.78 | 53.82 | 58.37 | 66.90 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
35.89 | 40.51 | 33.96 | 40.97 | 44.23 | 46.47 | 47.78 | 53.82 | 58.37 | 66.90 |
Free Cash Flow |
490.00 | 463.00 | 354.00 | 354.00 | 496.00 | 110.00 | (141.00) | 743.00 | 1,141.00 | 511.00 |
Working Capital |
1,274.00 | 1,458.00 | 1,192.00 | 1,193.00 | 1,189.00 | 1,185.00 | 1,427.00 | 1,627.00 | 2,074.00 | 2,189.00 |
Capital Expenditures |
(281.00) | (306.00) | (349.00) | (326.00) | (333.00) | (282.00) | (293.00) | (314.00) | (295.00) | (433.00) |
Net Current Asset Value |
(935.00) | (748.00) | (1,182.00) | (1,139.00) | (1,239.00) | (1,184.00) | (1,089.00) | (691.00) | (266.00) | (97.00) |
EV/EBIT |
13.03 | 13.56 | 11.73 | 11.74 | 11.70 | 26.45 | 11.41 | 9.42 | 11.14 | 7.71 |
Capex to Sales |
0.05 | 0.05 | 0.06 | 0.05 | 0.06 | 0.04 | 0.04 | 0.04 | 0.04 | 0.06 |
Price to Operating Income |
11.25 | 12.05 | 9.22 | 9.37 | 9.08 | 20.92 | 8.46 | 7.56 | 10.20 | 6.97 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.09 | 0.09 | 0.11 | 0.10 | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 |
Cash ROIC |
9.67% | 8.60% | 7.31% | 7.29% | 8.52% | 2.00% | (2.40%) | 12.08% | 17.13% | 7.18% |
Accounts Receivable Turnover |
6.72 | 6.63 | 6.58 | 6.44 | 6.02 | 6.44 | 6.25 | 6.07 | 6.26 | 6.34 |
Accounts Payable Turnover |
9.97 | 10.23 | 10.41 | 10.24 | 8.55 | 8.10 | 7.83 | 7.77 | 8.16 | 8.31 |
Inventory Turnover |
5.72 | 5.92 | 5.98 | 5.81 | 5.30 | 5.33 | 4.66 | 4.21 | 4.28 | 4.47 |
Average Days of Payables |
37.32 | 37.71 | 33.53 | 37.57 | 46.37 | 50.78 | 49.39 | 44.29 | 39.10 | 46.92 |
Days of Inventory on Hand |
66.93 | 62.95 | 61.12 | 64.18 | 70.99 | 76.90 | 90.34 | 82.55 | 76.83 | 83.07 |
Average Receivables |
849.00 | 942.00 | 956.00 | 964.00 | 994.00 | 1,070.50 | 1,270.50 | 1,345.00 | 1,186.00 | 1,139.00 |
Average Payables |
431.50 | 466.50 | 472.50 | 478.00 | 551.50 | 686.50 | 823.50 | 825.50 | 691.00 | 648.50 |
Average Inventory |
752.00 | 806.00 | 823.50 | 842.50 | 889.00 | 1,044.50 | 1,384.50 | 1,523.50 | 1,318.50 | 1,207.00 |
Average Assets |
5,428.00 | 5,931.00 | 5,904.00 | 5,884.00 | 6,449.00 | 6,928.50 | 7,280.00 | 7,601.50 | 7,543.00 | 7,670.50 |
Average Common Equity |
2,387.50 | 2,756.00 | 2,662.50 | 2,574.50 | 2,856.50 | 3,045.00 | 3,140.50 | 3,357.50 | 3,687.50 | 4,059.00 |
Columns are period end dates