Friday 6 November 2026 Export INGR’s income statement to Excel — free account

Ingredion Incorporated

Ingredion Incorporated’s revenue for fiscal 2025 (year ended December 2025) was $7.2 billion, down 2.84% from fiscal 2024.

Revenue: +0.93%
EPS: −40.8%
Free cash flow: +34.4%
Total debt: −0.22%

Quarter to June 2026, against a year earlier

Dividend growth 10 yrs

97.05 0.31 −0.32%

Follow INGR

Alert me

Market cap: $6.1B
P/E: 10.4×
Fwd P/E: 10.3×
Dividend yield: 3.39%
F-score: 8/9
Altman Z: 3.84
Beneish M: −2.53
Dividend safety: 89/100

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Ingredion Incorporated (INGR) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
T&HS	2,429	33.65%
F&II–LATAM	2,392	33.13%
F&II–U.S./Canada	2,121	29.38%
Other, not broken out	277	3.84%
Gross margin		25.32%
Operating margin		14.07%
Pre-tax margin		13.49%

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
T&HS	2,429 33.65%	2,417 32.53%	2,566 31.45%	2,527 31.80%	—	—	—	—	—	—
F&II–LATAM	2,392 33.13%	2,497 33.61%	2,668 32.70%	2,628 33.07%	—	—	—	—	—	—
F&II–U.S./Canada	2,121 29.38%	2,244 30.20%	2,429 29.77%	2,303 28.98%	—	—	—	—	—	—
North America	—	—	—	—	4,137 60.01%	3,662 61.17%	3,834 61.75%	3,857 61.33%	3,843 61.55%	3,447 60.43%
South America	—	—	—	—	1,057 15.33%	919 15.35%	960 15.46%	988 15.71%	1,052 16.85%	1,010 17.71%
Asia Pacific	—	—	—	—	997 14.46%	813 13.58%	823 13.25%	837 13.31%	772 12.36%	709 12.43%
Emea	—	—	—	—	703 10.20%	593 9.90%	592 9.53%	607 9.65%	577 9.24%	538 9.43%
Other, not broken out	277 3.84%	272 3.66%	497 6.09%	488 6.14%	—	—	—	—	—	—
Revenue	7,219	7,430	8,160	7,946	6,894	5,987	6,209	6,289	6,244	5,704

Operating income by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
North America	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Asia Pacific	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Emea	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
South America	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

Revenue by region $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2012	FY2011	FY2010	FY2009
Germany	384 5.32%	385 5.18%	413 5.06%	342 4.30%	309 4.48%	—	—	—	—	—	—	—	—	—
Colombia	324 4.49%	310 4.17%	332 4.07%	333 4.19%	260 3.77%	—	—	—	—	—	—	—	—	—
Thailand	255 3.53%	265 3.57%	259 3.17%	257 3.23%	—	—	—	—	—	—	—	—	—	—
North America	—	—	—	—	—	—	—	—	3,843 61.55%	—	3,741 57.27%	3,356 53.96%	2,439 55.85%	2,268 61.76%
South America	—	—	—	—	—	—	—	—	1,052 16.85%	—	1,462 22.38%	1,569 25.23%	1,241 28.42%	1,012 27.56%
Asia Pacific	—	—	—	—	—	—	—	—	772 12.36%	—	816 12.49%	764 12.28%	433 9.92%	233 6.35%
Emea	—	—	—	—	—	—	—	—	577 9.24%	—	513 7.85%	530 8.52%	254 5.82%	159 4.33%
Also reported: a second breakdown of the same revenue
U.S. Plans	2,815 38.99%	2,870 38.63%	3,069 37.61%	2,978 37.48%	2,509 36.39%	2,284 38.15%	2,368 38.14%	2,386 37.94%	2,423 38.81%	2,117 37.11%	2,035 31.15%	1,863 29.96%	1,157 26.49%	1,124 30.61%
Mexico	1,392 19.28%	1,503 20.23%	1,571 19.25%	1,444 18.17%	1,170 16.97%	984 16.44%	1,075 17.31%	1,067 16.97%	1,011 16.19%	955 16.74%	1,143 17.50%	957 15.39%	863 19.76%	756 20.59%
Others	982 13.60%	986 13.27%	1,299 15.92%	1,360 17.12%	1,278 18.54%	1,611 26.91%	1,627 26.20%	1,658 26.36%	1,583 25.35%	1,469 25.75%	1,397 21.39%	1,394 22.42%	788 18.04%	537 14.62%
Brazil	572 7.92%	584 7.86%	669 8.20%	720 9.06%	586 8.50%	447 7.47%	479 7.71%	478 7.60%	534 8.55%	522 9.15%	731 11.19%	841 13.52%	662 15.16%	522 14.22%
Canada	495 6.86%	527 7.09%	548 6.72%	512 6.44%	459 6.66%	393 6.56%	390 6.28%	404 6.42%	408 6.53%	375 6.57%	564 8.63%	536 8.62%	419 9.59%	388 10.57%
Korea, Republic Of	—	—	—	—	323 4.69%	268 4.48%	270 4.35%	296 4.71%	285 4.56%	266 4.66%	306 4.68%	284 4.57%	235 5.38%	159 4.33%
Arkansas	—	—	—	—	—	—	—	—	—	—	356 5.45%	344 5.53%	243 5.56%	186 5.07%
Revenue	7,219	7,430	8,160	7,946	6,894	5,987	6,209	6,289	6,244	5,704	6,532	6,219	4,367	3,672

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.