Ingredion Incorporated
Consumer DefensiveNYSE:INGR · New York Stock Exchange
+$0.69 today
Vol 0.88M · Avg 0.73M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
$7.2B of revenue converted into $674.0M of net income for the selected period. Gross margin is 24.5% and net margin is 9.4%, showing how much revenue survives after costs and taxes. EPS is $10.38, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.2B -2.8% | $7.4B -8.9% | $8.2B +2.7% | $7.9B +15.3% | $6.9B | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $5.4B -4.4% | $5.6B -12.0% | $6.4B -0.6% | $6.5B +16.0% | $5.6B | $725.6M | $804.0M | $882.4M |
| Gross Profit | $1.8B +2.1% | $1.8B +2.4% | $1.7B +17.1% | $1.5B +12.2% | $1.3B | $8.9B | $7.6B | $6.2B |
| Gross Margin | 25.3% +1.2pp | 24.1% +2.7pp | 21.4% +2.6pp | 18.8% -0.5pp | 19.3% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $0 | $0 | $0 | $0 | $0 | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $791.0M -12.9% | $908.0M +14.6% | $792.0M +8.2% | $732.0M -28.3% | $1.0B | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $222.0M +3.7% | $214.0M -2.3% | $219.0M +1.9% | $215.0M -2.3% | $220.0M | $374.2M | $1.2B | $631.8M |
| EBITDA | $1.2B +4.1% | $1.2B +1.0% | $1.2B +19.3% | $982.0M +81.2% | $542.0M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 17.1% +1.1pp | 15.9% +1.6pp | 14.4% +2.0pp | 12.4% +4.5pp | 7.9% | 5.6% | 46.3% | 42.0% |
| Operating Income | $1.0B +17.4% | $883.0M -7.7% | $957.0M +25.6% | $762.0M +145.8% | $310.0M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 14.4% +2.5pp | 11.9% +0.2pp | 11.7% +2.1pp | 9.6% +5.1pp | 4.5% | 16.6% | 24.1% | 22.0% |
| Interest Income | $0 | $0 | $0 | $0 | $0 | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $37.0M -5.1% | $39.0M -65.8% | $114.0M +15.2% | $99.0M +33.8% | $74.0M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$63.0M -231.3% | $48.0M +140.7% | -$118.0M -25.5% | -$94.0M -51.6% | -$62.0M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $974.0M +4.6% | $931.0M +11.0% | $839.0M +25.6% | $668.0M +169.4% | $248.0M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 13.5% +1.0pp | 12.5% +2.2pp | 10.3% +1.9pp | 8.4% +4.8pp | 3.6% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $238.0M -14.1% | $277.0M +47.3% | $188.0M +13.3% | $166.0M +35.0% | $123.0M | $1.3B | -$1.6B | $745.2M |
| Net Income | $729.0M +12.7% | $647.0M +0.6% | $643.0M +30.7% | $492.0M +320.5% | $117.0M | $4.9B | $4.8B | $4.7B |
| Net Margin | 10.1% +1.4pp | 8.7% +0.8pp | 7.9% +1.7pp | 6.2% +4.5pp | 1.7% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $11 +15.0% | $10 +1.4% | $10 +31.1% | $7 +327.0% | $2 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $11 +15.1% | $10 +1.1% | $10 +30.8% | $7 +324.3% | $2 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $64.2M -2.0% | $65.5M -0.8% | $66.0M -0.3% | $66.2M -1.3% | $67.1M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $65.2M -2.1% | $66.6M -0.6% | $67.0M +0.0% | $67.0M -1.2% | $67.8M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
Smithfield Foods, Inc.
NASDAQ:SFD
$10.53B
Darling Ingredients Inc.
NYSE:DAR
$9.06B
Sprouts Farmers Market, Inc.
NASDAQ:SFM
$8.12B
Pilgrim's Pride Corporation
NASDAQ:PPC
$7.15B
Campbell Soup Company
NASDAQ:CPB
$6.80B
Conagra Brands, Inc.
NYSE:CAG
$6.57B
Lamb Weston Holdings, Inc.
NYSE:LW
$6.27B
Ollie's Bargain Outlet Holdings, Inc.
NASDAQ:OLLI
$5.03B
Post Holdings, Inc.
NYSE:POST
$4.22B
TAL Education Group
NYSE:TAL
$626.10M
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does INGR generate?
Ingredion Incorporated (INGR) reported $7.22B of revenue in fiscal 2025.
Is INGR profitable?
Ingredion Incorporated (INGR) reported $729.00M of net income, with a net margin of 10.1%.
Explore More
Continue the stock analysis
Jump to another research area for this company.