Ingredion Financial Statements
NYSE: INGRConsumer StaplesPackaged FoodsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Ingredion revenue and earnings
In fiscal 2025, Ingredion generated $7.22 billion in revenue, down 2.8% from fiscal 2024, its first annual decline since 2024. Net income was $729.0 million (+12.7% year over year), for a net margin of 10.1% versus a median of 6.2% in the prior 5 years. Gross margin was 25.3% (up from 24.1%) and operating margin 14.1%.
Diluted earnings per share came in at $11.18, up from $9.71. Over the last 5 fiscal years, INGR's revenue has grown at a 3.8% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Ingredion income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 7.22B | 7.43B | 8.16B | 7.95B | 6.89B | 5.99B | 6.21B | 6.29B | 6.24B | 5.70B |
| Revenue growth (YoY) | -2.84% | -8.95% | +2.69% | +15.26% | +15.15% | -3.58% | -1.27% | +0.72% | +9.47% | +1.48% |
| Cost of Revenue | 5.39B | 5.64B | 6.41B | 6.45B | 5.56B | 4.71B | 4.90B | 4.92B | 4.77B | 4.30B |
| Gross Profit | 1.83B | 1.79B | 1.75B | 1.49B | 1.33B | 1.27B | 1.31B | 1.37B | 1.47B | 1.40B |
| Operating Expenses | 812.00M | 908.00M | 792.00M | 732.00M | 1.02B | 690.00M | 648.00M | 665.00M | 636.00M | 594.00M |
| Research & Development | 71.00M | 67.00M | 63.00M | 52.00M | 43.00M | 43.00M | 44.00M | — | — | — |
| Selling, General & Admin | — | — | — | — | — | — | — | — | — | 579.00M |
| Operating Income | 1.02B | 883.00M | 957.00M | 762.00M | 310.00M | 582.00M | 664.00M | 703.00M | 836.00M | 806.00M |
| Other Income (Expense) | -5.00M | -3.00M | -4.00M | 5.00M | 12.00M | 5.00M | -1.00M | 4.00M | 6.00M | 2.00M |
| Pretax Income | 974.00M | 931.00M | 839.00M | 668.00M | 248.00M | 506.00M | 582.00M | 621.00M | 769.00M | 742.00M |
| Income Tax | 238.00M | 277.00M | 188.00M | 166.00M | 123.00M | 152.00M | 158.00M | 167.00M | 237.00M | 246.00M |
| Net Income | 729.00M | 647.00M | 643.00M | 492.00M | 117.00M | 348.00M | 413.00M | 443.00M | 519.00M | 485.00M |
| Net Income growth (YoY) | +12.67% | +0.62% | +30.69% | +320.51% | -66.38% | -15.74% | -6.77% | -14.64% | +7.01% | +20.65% |
| EPS (Basic) | 11.36 | 9.88 | 9.74 | 7.43 | 1.74 | 5.18 | 6.17 | 6.25 | 7.21 | 6.70 |
| EPS (Diluted) | 11.18 | 9.71 | 9.60 | 7.34 | 1.73 | 5.15 | 6.13 | 6.17 | 7.06 | 6.55 |
| Shares Outstanding (Basic) | 64.20M | 65.50M | 66.00M | 66.20M | 67.10M | 67.20M | 66.90M | 70.90M | 72.00M | 72.30M |
| Shares Outstanding (Diluted) | 65.20M | 66.60M | 67.00M | 67.00M | 67.80M | 67.60M | 67.40M | 71.80M | 73.50M | 74.10M |
| EBITDA | 1.24B | 1.10B | 1.18B | 977.00M | 530.00M | 795.00M | 884.00M | 950.00M | 1.04B | 1.00B |
| Gross Margin | 25.32% | 24.10% | 21.43% | 18.80% | 19.31% | 21.25% | 21.13% | 21.75% | 23.57% | 24.56% |
| Operating Margin | 14.07% | 11.88% | 11.73% | 9.59% | 4.50% | 9.72% | 10.69% | 11.18% | 13.39% | 14.13% |
| Net Margin | 10.10% | 8.71% | 7.88% | 6.19% | 1.70% | 5.81% | 6.65% | 7.04% | 8.31% | 8.50% |
This table shows 10 annual periods of Ingredion's income statement, from FY 2025 back to FY 2016, across 19 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow INGR's reporting calendar. What is a income statement?