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Ingredion Incorporated

NYSE•INGR
CEO: Mr. James P. Zallie
Sector: Consumer Defensive
Industry: Packaged Foods
Listing Date: 1997-12-11
Ingredion Incorporated, together with its subsidiaries, manufactures and sells sweeteners, starches, nutrition ingredients, and biomaterial solutions derived from wet milling and processing corn, and other starch-based materials to a range of industries in North America, South America, the Asia Pacific, Europe, the Middle East, and Africa. The company offers starch products for use in a range of processed foods; cornstarch; specialty paper starches for enhanced drainage, fiber retention, oil and grease resistance, improved printability, and biochemical oxygen demand control; starches and specialty starches for textile industry; industrial starches are used in the production of construction materials, textiles, adhesives, pharmaceuticals, and cosmetics, as well as in mining and water filtration; and specialty industrial starches for use in biomaterial applications, including biodegradable plastics, fabric softeners and detergents, hair and skin care applications, dusting powders for surgical gloves, and in the production of glass fiber and insulation. It also provides sweetener products comprising glucose syrups, high maltose syrup, high fructose corn syrup, dextrose, polyols, maltodextrin, glucose syrup solids, and non-genetically modified organism syrups for applications in food and beverage products, such as baked goods, snack foods, canned fruits, condiments, candy and other sweets, dairy products, ice cream, jams and jellies, prepared mixes, table syrups, and beverages. In addition, the company sells refined corn oil, corn gluten feed, and corn gluten meal; and other products, including fruit and vegetable products, such as concentrates, purees, and essences, as well as pulse proteins and hydrocolloids systems and blends. The company was formerly known as Corn Products International, Inc. and changed its name to Ingredion Incorporated in June 2012. Ingredion Incorporated was founded in 1906 and is headquartered in Westchester, Illinois.
Contact Information
5 Westbrook Corporate Center, Westchester, IL, 60154, United States
708-551-2600
www.ingredion.com
Market Cap
$7.20B
P/E (TTM)
9.9
23
Dividend Yield
2.9%
52W High
$141.78
52W Low
$102.31
52W Range
28%
Rank26Top 13.0%
5.5
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5.5 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$1.76B-2.39%
4-Quarter Trend

EPS

$2.59+77.40%
4-Quarter Trend

FCF

$270.00M-11.47%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Net Income Rises 13% Net income attributable to Ingredion reached $729M, marking a 13 percent increase from $647M reported in 2024.
Margin and ROIC Improve Gross profit margin expanded to 25 percent; Adjusted ROIC increased to 15.5 percent, exceeding 10.0 percent target.
Leverage Ratio Decreases Net Debt to Adjusted EBITDA ratio improved to 0.6 by December 31, 2025, reflecting strong financial management.
Operating Income Gains Operating income grew 15 percent to $1,016M in 2025, benefiting from lower raw material costs and improved volumes.

Risk Factors

Consumer Preference Shifts Evolving consumer tastes toward "healthier" or "cleaner" labels may reduce demand for existing sweetener and starch ingredients.
Raw Material Price Volatility Fluctuations in corn and energy prices, coupled with supply chain disruptions and tariffs, could adversely affect profitability.
Facility Operational Risks Capital-intensive manufacturing facilities face risks from operating difficulties or start-up issues, potentially impacting commitment fulfillment.
Cybersecurity Incident Exposure Increased sophistication of cyber threats, including AI-leveraged attacks, poses risks to systems, data integrity, and reputation.

Outlook

Pakistan Divestiture Progress Definitive agreement signed to sell 51 percent ownership in Pakistan business, pending regulatory approvals closing conditions.
New Innovation Headquarters Lease secured for new Global Innovation HQ in Bridgewater, expected operational readiness in the first half of 2028.
Environmental Capital Investment Expecting approximately $57M investment in 2026 for environmental control and wastewater treatment equipment upgrades.
Funding Future Growth Future expansion relies on internally generated cash flow supplemented by credit facilities and potential capital market access.

Peer Comparison

Revenue (TTM)

PPC stock ticker logoPPC
$18.50B
+3.5%
CAG stock ticker logoCAG
$11.23B
-5.8%
CPB stock ticker logoCPB
$10.16B
+2.7%

Gross Margin (Latest Quarter)

ELF stock ticker logoELF
71.0%
-1.7pp
TAL stock ticker logoTAL
56.1%
+3.3pp
EDU stock ticker logoEDU
53.3%
+1.2pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
PPC$9.44B8.730.7%32.4%
CAG$8.93B-91.2-1.1%39.0%
EDU$8.45B22.210.0%9.4%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-1.0%
Flat Growth
4Q Net Income CAGR
-5.7%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow

Deep Research

Next earnings:May 4, 2026
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