INGR Financials Ingredion Inc

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 Aug 9, 2026, 10:13 UTC 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

Return on equity & assets (ROE / ROA)

ROEROA

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	ROE	ROA	FCF	Total debt	Cash
2025	$7.2B	$729M	25.3%	14.1%	17.1%	9.2%	$511M	$1.8B	$1.0B
2024	$7.4B	$647M	24.1%	11.9%	17.0%	8.7%	$1.1B	$1.8B	$997M
2023	$8.2B	$643M	21.4%	11.7%	18.2%	8.4%	$743M	$2.2B	$401M
2022	$7.9B	$492M	18.8%	9.6%	15.6%	6.5%	-$148M	$2.5B	$236M
2021	$6.9B	$117M	19.3%	4.5%	3.8%	1.7%	$92M	$2.0B	$328M
2020	$6.0B	$348M	21.2%	9.7%	11.8%	5.1%	$489M	$2.2B	$665M
2019	$6.2B	$413M	21.1%	10.7%	15.2%	6.8%	$352M	$1.8B	$264M
2018	$6.3B	$443M	21.8%	11.2%	18.6%	7.7%	$353M	$2.1B	$327M
2017	$6.2B	$519M	23.6%	13.4%	18.0%	8.5%	$455M	$1.9B	$595M
2016	$5.7B	$485M	24.6%	14.1%	18.9%	8.4%	$487M	$2.0B	$512M
2015	—	$402M	—	—	18.8%	7.9%	$406M	$1.8B	$434M
2014	—	$355M	—	—	16.3%	7.0%	—	$1.8B	$580M
2013	—	$396M	—	—	16.5%	7.4%	—	$1.7B	$574M
2012	—	$428M	—	—	17.6%	7.7%	—	$1.7B	$609M
2010	—	$169M	—	—	8.6%	3.4%	$235M	$1.7B	$302M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

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	ROE	ROA	FCF	Total debt	Cash
Jun '26	$1.9B	$114M	23.0%	10.2%	2.5%	1.4%	-$10M	$1.8B	$948M
Mar '26	$1.8B	$142M	22.4%	11.3%	3.2%	1.8%	-$77M	$1.8B	$914M
Dec '25	$1.8B	$165M	24.5%	12.5%	3.9%	2.1%	$270M	$1.8B	$1.0B
Sep '25	$1.8B	$171M	25.1%	13.7%	4.0%	2.2%	$172M	$1.8B	$915M
Jun '25	$1.8B	$196M	26.0%	14.8%	4.7%	2.5%	$84M	$1.8B	$861M
Mar '25	$1.8B	$197M	25.7%	15.2%	5.0%	2.6%	-$15M	$1.8B	$837M
Dec '24	$1.8B	$95M	24.9%	9.0%	2.5%	1.3%	$311M	$1.8B	$997M
Sep '24	$1.9B	$188M	25.6%	14.3%	4.8%	2.5%	$429M	$1.8B	$877M
Jun '24	$1.9B	$148M	23.7%	12.8%	4.0%	2.0%	$257M	$1.9B	$505M
Mar '24	$1.9B	$216M	22.2%	11.3%	5.8%	3.0%	$144M	$1.9B	$438M
Dec '23	$1.9B	$131M	20.8%	10.5%	3.7%	1.7%	$327M	$2.2B	$401M
Sep '23	$2.0B	$158M	20.7%	10.5%	4.7%	2.1%	$289M	$2.4B	$335M
Jun '23	$2.1B	$163M	21.3%	12.1%	4.8%	2.1%	$252M	$2.5B	$257M
Mar '23	$2.1B	$191M	22.8%	13.6%	5.9%	2.5%	-$127M	$2.6B	$216M
Dec '22	$2.0B	$114M	17.7%	7.9%	3.6%	1.5%	-$25M	$2.5B	$236M
Sep '22	$2.0B	$106M	18.5%	9.0%	3.5%	1.4%	$25M	$2.4B	$294M
Jun '22	$2.0B	$142M	19.1%	10.4%	4.5%	1.9%	-$11M	$2.4B	$318M
Mar '22	$1.9B	$130M	20.0%	11.1%	3.9%	1.7%	-$137M	$2.3B	$324M
Dec '21	$1.8B	$67M	16.5%	4.9%	2.2%	1.0%	$36M	$2.0B	$328M
Sep '21	$1.8B	$118M	18.3%	9.8%	3.8%	1.7%	$44M	$2.1B	$434M

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 8.6× (Nov '26).
The price-to-sales ratio has risen from 0.8× (Mar '23) to 0.9× (Nov '26).
The dividend yield has risen from 2.8% (Mar '23) to 3.4% (Nov '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?

Ingredion Inc's P/E (TTM) is 10.54 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the INGR stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 8.6× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.