MARKETS / NYSE / INGR

NYSE · GRAIN MILL PRODUCTS · LARGE CAP

Ingredion Inc. INGR

18 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$7.2B

▼ 2.8% YoY

Net income

$729.0M

▲ 12.7% YoY

Free cash flow

$511.0M

▼ 55.2% YoY

In brief

What this company does

Ingredion Incorporated transforms grains, fruits, vegetables and other plant-based materials into ingredient solutions for the food, beverage, animal nutrition, brewing, and industrial markets. As of December 31, 2025, it utilized a global network of 41 active manufacturing facilities and joint venture partnerships to support its global product lines. It has three reportable segments: Texture & Healthful Solutions, which focuses on providing its solutions to the global market, and Food & Industrial Ingredients-Latin America and Food & Industrial Ingredients-U.S./Canada, each of which focuses on providing its products to local markets.

Written from the business description in Ingredion Inc's annual report to the U.S. Securities and Exchange Commission, filed 17 February 2026. Every sentence was checked against that document before publication.

Growth

USD 7.2B

Revenue, FY2025 · full 18-year series below

Revenue $B Net income $B

FY2025 · Revenue 7.2 · Net income 0.7

Compound annual growth

Revenue

−3.1%

+3.8%

+2.5%

+3.4%

Net income

+14.0%

+15.9%

+6.1%

EPS, diluted

+15.1%

+16.8%

+7.3%

+11.4%

Returned to shareholders

+5.2%

+3.5%

+3.8%

+10.9%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +3.8% a year over five years — but profit grew faster: net income at +15.9%, earnings per share at +16.8%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

10 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 14.1% · Net 10.2%

ROE

FY2025 · ROE 18.0%

Gross margin25.3%

Operating margin14.1%

Net margin10.2%

Return on assets9.6%

EBITDAUSD 1.2B

Each USD of equity produced 18 cents of profit this year.

Cash & shareholders

USD 211.0M

returned in FY2025 · dividends + net buybacks

Free cash flow $B

FY2025 · FCF 0.5

Net buybacks $M Dividends $M

FY2025 · Dividends 211.0 · Net buybacks —

Dividends paidUSD 211.0M

Net buybacks—

Share of profit28.9%

Consecutive raises—

USD 211.0M in dividends — 29% of the year's profit went back to shareholders.

Total assetsUSD 7.9B

EquityUSD 4.3B

CashUSD 1.0B

Gross debtUSD 1.8B

Net debtUSD 760.0M

Current ratio2.66×

Net debt stands at 18% of equity.

The 18-year record

18 fiscal years

Every figure from documents filed with the SEC · USD

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue $B	7.2	7.4	8.2	7.9	6.9	6.0	6.2	6.3	6.2	5.7	5.6	5.7	6.3	6.9	6.5	4.4	3.7	3.9
Operating income $B	1.0	0.9	1.0	0.8	0.3	0.6	0.7	0.7	0.8	0.8	0.7	0.6	0.6	0.7	0.7	0.3	0.2	0.4
EBITDA $B	1.2	1.1	1.2	1.0	0.5	0.8	0.9	0.9	1.0	1.0	0.9	0.8	0.8	0.9	0.9	0.5	0.3	0.6
Income tax $B	0.2	0.3	0.2	0.2	0.1	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.1	0.2	0.2	0.1	0.1	0.1
Net income $B	0.7	0.6	0.6	0.5	0.1	0.3	0.4	0.4	0.5	0.5	0.4	0.4	0.4	0.4	0.4	0.2	0.0	0.3
Free cash flow $B	0.5	1.1	0.7	−0.1	0.1	0.5	0.4	0.4	0.5	0.5	0.4	0.5	0.3	0.4	0.0	0.2	0.4	−0.3
EPS, diluted $	11.18	9.71	9.60	7.34	1.73	5.15	6.13	6.17	7.06	6.55	5.51	4.74	5.05	5.47	5.32	2.20	0.54	3.52
Dividend / sh $	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·
Payout %	29	32	30	37	157	51	42	41	32	29	31	36	28	16	·	27	110	16
ROE %	18.0	17.6	19.2	15.8	3.9	12.3	16.2	16.8	19.0	20.6	18.6	15.5	16.4	18.9	·	9.2	2.4	·
Shares out B	·	0.06	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	·	·	·	·	·	·	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures · 2 divergences in 88 reconciliationsAUDITED

Reconciled in 16 of 19 fiscal years. 2 of those reconciliations are divergences — the figures exist but don't fit the formula this check expects; that isn't the same as an error. 7 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures2 divergent

ActivityGrain Mill Products

Listed onNYSE

Incorporated inDelaware

Fiscal year endsDecember 31

Data on record since2008