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NYSE · Consumer Staples

Ingredion Inc (INGR)

As-reported financials and SEC filings for Ingredion Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Ingredion Inc

Ingredion Inc is a global ingredient solutions provider that processes grains, fruits, vegetables, and other plant-based materials into starches, sweeteners, and other food and industrial ingredients. The company serves customers in over 60 industries worldwide, including food, beverage, animal nutrition, brewing, and industrial markets. Ingredion operates through segments focused on global texture and healthful solutions, Latin American food and industrial ingredients, and U.S./Canada food and industrial ingredients.

Snapshot

Revenue
$7.22B
Revenue growth (YoY)
-2.8%
Net income
$729.0M
Diluted EPS
$11.18
Gross margin
25.3%
Operating margin
14.1%
Net margin
10.1%
FCF margin
7.1%
ROE
17.0%
net income / fiscal-year-end equity
P/E
11.4×
trailing when available, otherwise FY EPS
Market cap
$6.61B
Long-term debt / equity
0.41×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Ingredion

  • Revenue fell 2.8% to $7.2B in FY2025, after a 8.9% decline the year before.
  • Operating margin is 14.1% in FY2025, +9.6 pp against 4.5% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $1.9B, up 0.9% from Q2 FY2025.
  • Free cash flow was $511M in FY2025, 7.1% of revenue.
  • Net income rose 12.7% to $729M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Ingredion’s fundamentals sit among the 113 Consumer Staples companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin25.3%
36th percentile of 97
Operating margin14.1%
83rd percentile of 100
Net margin10.1%
79th percentile of 105
FCF margin7.1%
63rd percentile of 99
Revenue growth (YoY)-2.8%
28th percentile of 110
ROE17.0%
72nd percentile of 99
P/E11.4×
11th percentile of 73
Long-term debt / equity0.41×
40th percentile of 74
Short interest5.34d
70th percentile of 111

Ingredion’s P/E of 11.4 ranks in the 11th percentile of the 73 peers with a meaningful P/E.

No reported insider purchases (code P) in the last 90 days; 1 insider sale totaling $170,039. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 3 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
3
+6 quant / multi-strat
Initiated / added
6
0 new, 6 added
Reduced / exited
3
3 trimmed, 0 exited
Combined position
$498.9M
reported long value
InvestorAs ofPosition valueSharesChange
AQR Capital ManagementquantQ2 2026$142.1M1.5MReduced
Yacktman Asset ManagementQ2 2026$139.4M1.5MAdded
Two Sigma InvestmentsquantQ2 2026$79.6M840.1KAdded
Citadel AdvisorsquantQ2 2026$40.6M429.0KAdded
Gotham Asset ManagementQ2 2026$28.2M298.2KReduced
D. E. ShawquantQ2 2026$23.5M247.7KReduced
Millennium ManagementquantQ2 2026$22.1M233.1KAdded
Renaissance TechnologiesquantQ2 2026$13.3M140.1KAdded
Bridgewater AssociatesQ2 2026$10.3M108.2KAdded

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
1
$170K
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-05
filed 2026-08-06
Fischer David BDirectorSell1.7K$102.31$170K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
4.1M
settled 2026-08-14
Change vs prior
-12.1%
vs previous settlement
Days to cover
5.34
at avg daily volume
Avg daily volume
773.0K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-144.1M-12.1%5.34
2026-07-314.7M+3.2%7.78
2026-07-154.6M+10.2%5.96
2026-06-304.1M+14.5%2.92
2026-06-153.6M+9.9%4.32
2026-05-293.3M+2.0%4.29
2026-05-153.2M+13.9%3.00
2026-04-302.8M+10.2%5.68

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$7.22B$7.43B$8.16B$7.95B$6.89B
Gross profit$1.83B$1.79B$1.75B$1.49B$1.33B
Operating income$1.02B$883.0M$957.0M$762.0M$310.0M
Net income$729.0M$647.0M$643.0M$492.0M$117.0M
Diluted EPS$11.18$9.71$9.60$7.34$1.73

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$944.0M$1.44B$1.06B$152.0M$392.0M
Capital expenditure$433.0M$295.0M$314.0M$300.0M$300.0M
Free cash flow$511.0M$1.14B$743.0M$-148.0M$92.0M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$1.85B0.9%$114.0M$1.78
Q1 FY2026$1.79B-1.2%$142.0M$2.22
Q4 FY2025$1.76B-2.4%$165.0M$2.57
Q3 FY2025$1.82B-2.9%$171.0M$2.61
Q2 FY2025$1.83B-2.4%$196.0M$2.99
Q1 FY2025$1.81B-3.7%$197.0M$3.00
Q4 FY2024$1.80B-6.3%$95.0M$1.43
Q3 FY2024$1.87B-8.0%$188.0M$2.83

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorConsumer Staples
SIC industryGrain Mill Products
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2020
SEC CIK1046257

Selected SEC filings

10-Q2026-08-07
View on EDGAR →
10-Q2026-05-08
View on EDGAR →
8-K2026-08-20
View on EDGAR →
8-K2026-08-04
View on EDGAR →
8-K/A2026-07-29
View on EDGAR →
8-K2026-07-28
View on EDGAR →

Largest Consumer Staples peers

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.