15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 3.8% per year over the past 5 years.
Net income has grown faster than revenue (15.9% vs 3.8% per year).
Operating margin has expanded, at 14.1% in the latest year.
Free cash flow has grown 0.9% per year over the past 5 years.
Financial health
Total debt ($1.8B) exceeds cash ($1.0B); net debt is $760M.
Total debt has grown slower than revenue (-3.9% vs 3.8% per year).
Total debt is 1.4× EBITDA.
Shareholder returns
Dividends have been paid for 15 consecutive years, consuming 28.9% of earnings and 41.3% of free cash flow.
The dividend has grown 3.5% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$7.2B
$729M
25.3%
14.1%
$511M
$1.8B
$1.0B
2024
$7.4B
$647M
24.1%
11.9%
$1.1B
$1.8B
$997M
2023
$8.2B
$643M
21.4%
11.7%
$743M
$2.2B
$401M
2022
$7.9B
$492M
18.8%
9.6%
-$148M
$2.5B
$236M
2021
$6.9B
$117M
19.3%
4.5%
$92M
$2.0B
$328M
2020
$6.0B
$348M
21.2%
9.7%
$489M
$2.2B
$665M
2019
$6.2B
$413M
21.1%
10.7%
$352M
$1.8B
$264M
2018
$6.3B
$443M
21.8%
11.2%
$353M
$2.1B
$327M
2017
$6.2B
$519M
23.6%
13.4%
$455M
$1.9B
$595M
2016
$5.7B
$485M
24.6%
14.1%
$487M
$2.0B
$512M
2015
—
$402M
—
—
$406M
$1.8B
$434M
2014
—
$355M
—
—
—
$1.8B
$580M
2013
—
$396M
—
—
—
$1.7B
$574M
2012
—
$428M
—
—
—
$1.7B
$609M
2010
—
$169M
—
—
$235M
$1.7B
$302M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$1.8B
$142M
22.4%
11.3%
-$77M
$1.8B
$914M
Dec '25
$1.8B
$165M
24.5%
12.5%
$270M
$1.8B
$1.0B
Sep '25
$1.8B
$171M
25.1%
13.7%
$172M
$1.8B
$915M
Jun '25
$1.8B
$196M
26.0%
14.8%
$84M
$1.8B
$861M
Mar '25
$1.8B
$197M
25.7%
15.2%
-$15M
$1.8B
$837M
Dec '24
$1.8B
$95M
24.9%
9.0%
$311M
$1.8B
$997M
Sep '24
$1.9B
$188M
25.6%
14.3%
$429M
$1.8B
$877M
Jun '24
$1.9B
$148M
23.7%
12.8%
$257M
$1.9B
$505M
Mar '24
$1.9B
$216M
22.2%
11.3%
$144M
$1.9B
$438M
Dec '23
$1.9B
$131M
20.8%
10.5%
$327M
$2.2B
$401M
Sep '23
$2.0B
$158M
20.7%
10.5%
$289M
$2.4B
$335M
Jun '23
$2.1B
$163M
21.3%
12.1%
$252M
$2.5B
$257M
Mar '23
$2.1B
$191M
22.8%
13.6%
-$127M
$2.6B
$216M
Dec '22
$2.0B
$114M
17.7%
7.9%
-$25M
$2.5B
$236M
Sep '22
$2.0B
$106M
18.5%
9.0%
$25M
$2.4B
$294M
Jun '22
$2.0B
$142M
19.1%
10.4%
-$11M
$2.4B
$318M
Mar '22
$1.9B
$130M
20.0%
11.1%
-$137M
$2.3B
$324M
Dec '21
$1.8B
$67M
16.5%
4.9%
$36M
$2.0B
$328M
Sep '21
$1.8B
$118M
18.3%
9.8%
$44M
$2.1B
$434M
Jun '21
$1.8B
$178M
20.8%
12.6%
$55M
$2.2B
$542M
Valuation over time
How the market has priced INGR against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 13.0× (Mar '23) to 8.4× (Jun '26).
The price-to-sales ratio has risen from 0.8× (Mar '23) to 0.8× (Jun '26).
The dividend yield has risen from 2.8% (Mar '23) to 3.5% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is INGR growing its revenue and profit?
Over the past 5 years, Ingredion Inc's revenue has grown 3.8% per year, and net income grown 15.9% per year. These are computed facts, not advice.
How much debt does INGR have?
As of FY2025, Ingredion Inc reported $1.8B of total debt against $1.0B of cash.
What is INGR's profit margin?
In FY2025, gross margin was 25.3%, operating margin 14.1%, and net margin 10.1%.
What is INGR's P/E ratio?
As of Jun '26, Ingredion Inc traded at a price-to-earnings ratio of about 8.4× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.