Saturday 17 October 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. 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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Market cap: $6.1B
P/E: 10.5×
Fwd P/E: 9.5×
Dividend yield: 3.36%
F-score: 8/9
Altman Z: 3.84
Beneish M: −2.53
Dividend safety: 89/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 5.95

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	2	—	4	2	—	—	—	—	1	—	—

Insider Ownership 2.72%

Capital & Financial Ratios $m

Market Cap 6,130.00

Revenue 7,215.00

Net Income 599.00

Free Cash Flow 482.00

Net Debt 831.00

Current Ratio 2.80

Debt/Equity 0.39

P/E ratio 10.53

Fwd P/E 9.54

P/S ratio 0.86

P/B ratio 1.37

Past 5Y EPS Growth 16.77%

This Y EPS Growth (5.99%)

Next Y EPS Growth 6.23%

Next Y revenue growth (0.28%)

Next 5Y EPS Growth 1.30%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 5.93%

10-year low 10-year high

P/S against its own 10 years 21.89%

10-year low 10-year high

P/B against its own 10 years 0.96%

10-year low 10-year high

EV/Sales against its own 10 years 1.29%

10-year low 10-year high

EV/FCF against its own 10 years 21.20%

10-year low 10-year high

Dividends

Payout Ratio 0.36

Annual Dividend Rate 3.29

Annual Dividend Yield 3.36%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	3.29	0.82 0.82 0.82 0.83
2025	3.22	0.80 0.80 0.80 0.82
2024	2.36	0.78 0.78 0.80
2023	2.98	0.71 0.71 0.78 0.78
2022	2.72	0.65 0.65 0.71 0.71
2021	2.58	0.64 0.64 0.65 0.65
2020	2.54	0.63 0.63 0.64 0.64
2019	2.51	0.63 0.63 0.63 0.63
2018	2.45	0.60 0.60 0.63 0.63
2017	2.20	0.50 0.50 0.60 0.60
2016	1.90	0.45 0.45 0.50 0.50

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	409	1,008	1,033	952
Receivables	1,279	1,093	1,185	1,386
Inventory	1,450	1,187	1,227	1,109
Other	—	—	—	—
	3,399	3,355	3,505	3,523

	2023	2024	2025	Q'26
Payables	778	604	693	651
ST’ Debt	448	44	48	41
Other	—	—	—	—
	1,772	1,281	1,316	1,259

Compound Annual Growth %

	10y	5y	3y
Sales	2.53%	3.81%	(3.15%)
Cash Flow	3.24%	2.63%	83.81%
Earnings	6.13%	15.94%	14.00%
Book Value	7.02%	7.64%	10.74%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	1,792	1,850	—	—	—
’25	1,813	1,833	1,816	1,757	7,219
’24	1,882	1,878	1,870	1,800	7,430
’23	2,137	2,069	2,033	1,921	8,160
’22	1,892	2,044	2,023	1,987	7,946
’21	1,614	1,762	1,763	1,755	6,894
’20	1,543	1,349	1,502	1,593	5,987

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	33	90	—	—	—
’25	77	185	277	405	944
’24	209	312	479	436	1,436
’23	(51)	330	368	410	1,057
’22	(52)	48	84	72	152
’21	22	107	130	133	392
’20	65	229	268	267	829

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(77)	129	—	—	—
’25	(15)	96	160	270	511
’24	144	257	429	311	1,141
’23	(126)	252	290	327	743
’22	(132)	(9)	25	(25)	(141)
’21	(41)	68	46	37	110
’20	(33)	152	193	184	496

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	2.22	1.78	—	—	—
’25	3.00	2.99	2.61	2.56	11.18
’24	3.23	2.22	2.83	1.43	9.71
’23	2.85	2.42	2.36	1.97	9.60
’22	1.92	2.12	1.59	1.71	7.34
’21	(3.66)	2.62	1.75	0.99	1.73
’20	1.11	0.98	1.36	1.70	5.15

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	84.57	113.07	87.02	73.00	59.11	73.82	78.81	89.54	106.03	102.31	Analyst estimates 2026–2028 Powerpack
	High	140.00	142.64	146.28	99.91	99.51	101.30	101.89	113.46	155.44	141.78
People
People	Employees	11,000	11,000	11,000	11,000	12,000	12,000	11,700	11,600	11,200	11,200
	Revenue/emp, $m	0.52	0.57	0.57	0.56	0.50	0.57	0.68	0.70	0.66	0.64
Income, $m
Income, $m	Revenue	5,704	6,244	6,289	6,209	5,987	6,894	7,946	8,160	7,430	7,219
	Gross margin, %	24.56	23.57	21.75	21.13	21.25	19.31	18.80	21.43	24.10	25.32
	EBT	742	769	621	582	506	248	668	839	931	974
	EBT margin, %	13.01	12.32	9.87	9.37	8.45	3.60	8.41	10.28	12.53	13.49
	Net income	496	532	454	424	354	125	502	651	654	736
	Depreciation	196	209	247	220	213	220	215	219	214	222
Per share, $
Per share, $	Revenue	78.89	86.72	88.70	92.81	89.09	102.74	120.03	123.64	113.44	112.45
	Earnings	6.70	7.21	6.25	6.17	5.18	1.74	7.43	9.74	9.88	11.36
	Cash flow	10.66	10.68	9.92	10.16	12.34	5.84	2.30	16.02	21.92	14.70
	Capex	(3.89)	(4.25)	(4.92)	(4.87)	(4.96)	(4.20)	(4.43)	(4.76)	(4.50)	(6.74)
	Free cash flow	6.78	6.43	4.99	5.29	7.38	1.64	(2.13)	11.26	17.42	7.96
	Book value	35.89	40.51	33.96	40.97	44.23	46.47	47.78	53.82	58.37	66.90
	Shares, m	72	72	71	67	67	67	66	66	66	64
Valuation, ×
Valuation, ×	P/E	18.83	19.41	14.65	15.04	15.19	55.22	13.13	11.26	13.92	9.72
	P/S	1.59	1.61	1.03	1.00	0.88	0.94	0.81	0.89	1.21	0.98
	P/B	3.49	3.45	2.69	2.27	1.78	2.08	2.04	2.04	2.36	1.65
	EV/Sales	1.84	1.82	1.31	1.26	1.14	1.19	1.09	1.11	1.32	1.09
	EV/FCF	21.44	24.49	23.29	22.03	13.73	74.53	(61.64)	12.14	8.62	15.33
Cash, $m
Cash, $m	Operating cash flow	771	769	703	680	829	392	152	1,057	1,436	944
	Capex	(281)	(306)	(349)	(326)	(333)	(282)	(293)	(314)	(295)	(433)
	Free cash flow	490	463	354	354	496	110	(141)	743	1,141	511
Balance, $m
Balance, $m	Working capital	1,274	1,458	1,192	1,193	1,189	1,185	1,427	1,627	2,074	2,189
	Total debt	1,956	1,864	2,100	1,848	2,186	2,046	2,483	2,188	1,831	1,790
	Net debt	1,440	1,260	1,766	1,580	1,521	1,714	2,244	1,779	823	757
	Shareholders’ equity	2,595	2,917	2,408	2,741	2,972	3,118	3,163	3,552	3,823	4,295
Returns, %
Returns, %	ROA	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
	ROE	20.31	18.83	16.64	16.04	12.18	3.84	15.67	19.15	17.55	17.96

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
HRL Hormel Foods Corporation	$11.1B	32.4×	16.1×	−2.36% (below 0%: shrinking)	−66.67% (below 0%: shrinking)	+107.16% (above 0%: growing)	15.92%	2.49%	Compare
DAR Darling Ingredients Inc.	$9.6B	16.3×	13.8×	+16.37% (above 0%: growing)	+2,950.00% (above 0%: growing)	+428.22% (above 0%: growing)	29.20%	32.20%	Compare
LW Lamb Weston	$7.5B	28.9×	14.4×	+0.66% (above 0%: growing)	−54.02% (below 0%: shrinking)	−47.29% (below 0%: shrinking)	15.96%	4.92%	Compare
SFD Smithfield Foods, Inc.	$7.3B	6.9×	10.0×	−2.27% (below 0%: shrinking)	+27.08% (above 0%: growing)	−1.54% (below 0%: shrinking)	12.95%	7.86%	Compare
PPC Pilgrim's Pride Corporation	$6.9B	12.8×	8.9×	−2.76% (below 0%: shrinking)	−96.00% (below 0%: shrinking)	−67.46% (below 0%: shrinking)	7.34%	1.43%	Compare
CAG Conagra Brands	$6.8B	— (loss-making)	8.2×	−1.39% (below 0%: shrinking)	+6.97% (above 0%: growing)	−464.50% (below 0%: shrinking)	23.83%	10.34%	Compare
INGR Ingredion Incorporated	$6.1B	10.5×	9.5×	+0.93% (above 0%: growing)	−40.79% (below 0%: shrinking)	+34.38% (above 0%: growing)	23.03%	10.16%
CPB The Campbell's Company	$5.9B	14.8×	10.7×	−7.93% (below 0%: shrinking)	n/m	+5.43% (above 0%: growing)	27.28%	0.19%	Compare
POST Post Holdings, Inc.	$3.4B	13.2×	13.3×	−1.83% (below 0%: shrinking)	−27.69% (below 0%: shrinking)	+69.65% (above 0%: growing)	29.07%	9.72%	Compare
Median of peers	$7.1B	14.8×	12.0×	−2.05%	−27.69%	+1.95%	19.90%	6.39%

All 71 Packaged Foods stocks →

Ingredion Incorporated (INGR) key facts

Concern: Ingredion Incorporated’s revenue for fiscal 2025 (year ended December 2025) was $7.2 billion, down 2.84% from fiscal 2024.
Strength: Net income was $736.0 million, or $11.36 per share (basic), a net margin of 10.1%.
Ingredion Incorporated (INGR) is a Packaged Foods company in the Consumer Defensive sector, listed on the New York Stock Exchange.
As of October 16, 2026, INGR traded at $97.93, a market capitalization of $6.1 billion.
At that price the stock trades at 10.5× trailing-twelve-month earnings and 0.9× sales; its P/E is higher than 6% of its own readings over the past ten years.
Ingredion Incorporated pays an annual dividend of $3.29 per share, a yield of 3.36%, with a payout ratio of 35.9%.
Return on equity was 18.0% and debt-to-equity 0.39.
Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 3.84 (safe zone) for fiscal 2025.