Ingredion Incorporated (INGR) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 1.79B | 1.76B | 1.82B | 1.83B | 1.81B | 1.8B | 1.87B | 1.88B | 1.88B | 1.92B | 2.03B | 2.07B | 2.14B | 1.99B | 2.02B | 2.04B | 1.89B | 1.75B | 1.76B | 1.76B |
| Revenue Growth % | -1.16% | -2.39% | -2.89% | -2.4% | -3.67% | -6.3% | -8.02% | -9.23% | -11.93% | -3.32% | 0.49% | 1.22% | 12.95% | 13.22% | 14.75% | 16% | 17.22% | 10.17% | 17.38% | 30.62% |
| Cost of Goods Sold | 1.39B | 1.33B | 1.36B | 1.36B | 1.35B | 1.35B | 1.39B | 1.43B | 1.47B | 1.52B | 1.61B | 1.63B | 1.65B | 1.64B | 1.65B | 1.65B | 1.51B | 1.47B | 1.44B | 1.4B |
| COGS % of Revenue | 77.62% | 75.53% | 74.94% | 73.98% | 74.3% | 75.06% | 74.39% | 76.25% | 77.84% | 79.18% | 79.29% | 78.69% | 77.21% | 82.34% | 81.51% | 80.92% | 79.97% | 83.48% | 81.68% | 79.17% |
| Gross Profit | 401M | 430M | 455M | 477M | 466M | 449M | 479M | 446M | 417M | 400M | 421M | 441M | 487M | 351M | 374M | 390M | 379M | 290M | 323M | 367M |
| Gross Margin % | 22.38% | 24.47% | 25.06% | 26.02% | 25.7% | 24.94% | 25.61% | 23.75% | 22.16% | 20.82% | 20.71% | 21.31% | 22.79% | 17.66% | 18.49% | 19.08% | 20.03% | 16.52% | 18.32% | 20.83% |
| Gross Profit Growth % | -13.95% | -4.23% | -5.01% | 6.95% | 11.75% | 12.25% | 13.78% | 1.13% | -14.37% | 13.96% | 12.57% | 13.08% | 28.5% | 21.03% | 15.79% | 6.27% | 7.98% | -17.61% | -0.92% | 35.42% |
| Operating Expenses | 200M | 210M | 203M | 206M | 190M | 287M | 211M | 206M | 204M | 198M | 208M | 190M | 196M | 194M | 192M | 177M | 169M | 204M | 151M | 145M |
| OpEx % of Revenue | 11.16% | 11.95% | 11.18% | 11.24% | 10.48% | 15.94% | 11.28% | 10.97% | 10.84% | 10.31% | 10.23% | 9.18% | 9.17% | 9.76% | 9.49% | 8.66% | 8.93% | 11.62% | 8.56% | 8.23% |
| Selling, General & Admin | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 201M | 220M | 252M | 271M | 276M | 162M | 268M | 240M | 213M | 202M | 213M | 251M | 291M | 157M | 182M | 213M | 210M | 86M | 172M | 222M |
| Operating Margin % | 11.22% | 12.52% | 13.88% | 14.78% | 15.22% | 9% | 14.33% | 12.78% | 11.32% | 10.52% | 10.48% | 12.13% | 13.62% | 7.9% | 9% | 10.42% | 11.1% | 4.9% | 9.76% | 12.6% |
| Operating Income Growth % | -27.17% | 35.8% | -5.97% | 12.92% | 29.58% | -19.8% | 25.82% | -4.38% | -26.8% | 28.66% | 17.03% | 17.84% | 38.57% | 82.56% | 5.81% | -4.05% | 223.53% | -47.24% | 12.42% | 96.46% |
| EBITDA | 256M | 277M | 309M | 324M | 331M | 216M | 321M | 294M | 266M | 256M | 269M | 306M | 345M | 212M | 235M | 267M | 263M | 151M | 224M | 273M |
| EBITDA Margin % | 14.29% | 15.77% | 17.02% | 17.68% | 18.26% | 12% | 17.17% | 15.65% | 14.13% | 13.33% | 13.23% | 14.79% | 16.14% | 10.67% | 11.62% | 13.06% | 13.9% | 8.6% | 12.71% | 15.49% |
| EBITDA Growth % | -22.66% | 28.24% | -3.74% | 10.2% | 24.44% | -15.63% | 19.33% | -3.92% | -22.9% | 20.75% | 14.47% | 14.61% | 31.18% | 40.4% | 4.91% | -2.2% | 322.88% | -30.73% | 9.27% | 65.45% |
| D&A (Non-Cash Add-back) | 55M | 57M | 57M | 53M | 55M | 54M | 53M | 54M | 53M | 54M | 56M | 55M | 54M | 55M | 53M | 54M | 53M | 65M | 52M | 51M |
| EBIT | 203M | 216M | 248M | 274M | 283M | 161M | 274M | 263M | 295M | 208M | 211M | 249M | 291M | 158M | 185M | 215M | 211M | 94M | 173M | 224M |
| Net Interest Income | -9M | -9M | -7M | -12M | -9M | -9M | -1M | -10M | -19M | -26M | -26M | -30M | -32M | -34M | -24M | -17M | -24M | -16M | -20M | -19M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 9M | 9M | 7M | 12M | 9M | 9M | 1M | 10M | 19M | 26M | 26M | 30M | 32M | 34M | 24M | 17M | 24M | 16M | 20M | 19M |
| Other Income/Expense | -7M | -13M | -11M | -12M | -9M | -10M | 5M | -10M | 63M | -26M | -28M | -32M | -32M | -33M | -21M | -17M | -23M | -8M | -19M | -17M |
| Pretax Income | 194M | 207M | 241M | 259M | 267M | 152M | 273M | 230M | 276M | 176M | 185M | 219M | 259M | 124M | 161M | 196M | 187M | 78M | 153M | 205M |
| Pretax Margin % | 10.83% | 11.78% | 13.27% | 14.13% | 14.73% | 8.44% | 14.6% | 12.25% | 14.67% | 9.16% | 9.1% | 10.58% | 12.12% | 6.24% | 7.96% | 9.59% | 9.88% | 4.44% | 8.68% | 11.63% |
| Income Tax | 50M | 40M | 69M | 61M | 68M | 55M | 84M | 80M | 58M | 43M | 25M | 55M | 65M | 9M | 52M | 51M | 54M | 10M | 34M | 24M |
| Effective Tax Rate % | 25.77% | 19.32% | 28.63% | 23.55% | 25.47% | 36.18% | 30.77% | 34.78% | 21.01% | 24.43% | 13.51% | 25.11% | 25.1% | 7.26% | 32.3% | 26.02% | 28.88% | 12.82% | 22.22% | 11.71% |
| Net Income | 142M | 165M | 171M | 196M | 197M | 95M | 188M | 148M | 216M | 131M | 158M | 163M | 191M | 114M | 106M | 142M | 130M | 67M | 118M | 178M |
| Net Margin % | 7.92% | 9.39% | 9.42% | 10.69% | 10.87% | 5.28% | 10.05% | 7.88% | 11.48% | 6.82% | 7.77% | 7.88% | 8.94% | 5.74% | 5.24% | 6.95% | 6.87% | 3.82% | 6.69% | 10.1% |
| Net Income Growth % | -27.92% | 73.68% | -9.04% | 32.43% | -8.8% | -27.48% | 18.99% | -9.2% | 13.09% | 14.91% | 49.06% | 14.79% | 46.92% | 70.15% | -10.17% | -20.22% | 152.85% | -41.74% | 28.26% | 169.7% |
| Net Income (Continuing) | 144M | 167M | 172M | 198M | 199M | 97M | 189M | 150M | 218M | 133M | 160M | 164M | 194M | 115M | 109M | 145M | 133M | 68M | 119M | 181M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 22M | 21M | 28M | 28M | 29M | 26M | 26M | 24M | 58M | 57M | 54M | 55M | 64M | 67M | 70M | 85M | 90M | 89M | 87M | 92M |
| EPS (Diluted) | 2.22 | 2.56 | 2.61 | 2.99 | 3.00 | 1.43 | 2.83 | 2.22 | 3.23 | 1.97 | 2.36 | 2.42 | 2.85 | 1.71 | 1.59 | 2.12 | 1.92 | 0.99 | 1.75 | 2.62 |
| EPS Growth % | -26% | 79.02% | -7.77% | 34.68% | -7.12% | -27.41% | 19.92% | -8.26% | 13.33% | 15.2% | 48.43% | 14.15% | 48.44% | 72.73% | -9.14% | -19.08% | 152.46% | -41.76% | 28.68% | 167.35% |
| EPS (Basic) | 2.25 | 2.59 | 2.66 | 3.04 | 3.05 | 1.46 | 2.88 | 2.25 | 3.29 | 2.00 | 2.39 | 2.46 | 2.89 | 1.73 | 1.61 | 2.14 | 1.94 | 1.00 | 1.76 | 2.65 |
| Diluted Shares Outstanding | 64.4M | 64.4M | 65.4M | 65.6M | 65.6M | 66.5M | 66.5M | 66.8M | 66.8M | 66.4M | 67M | 67.3M | 67.1M | 66.7M | 66.6M | 67.1M | 67.6M | 67.6M | 67.6M | 67.9M |
| Basic Shares Outstanding | 63.6M | 63.6M | 64.3M | 64.5M | 64.5M | 65.2M | 65.3M | 65.7M | 65.7M | 65.4M | 66M | 66.3M | 66.1M | 65.8M | 65.8M | 66.4M | 66.9M | 66.8M | 67M | 67.2M |
| Dividend Payout Ratio | 36.62% | 32.73% | 29.82% | 27.55% | 26.4% | 56.84% | 27.66% | 35.81% | 23.61% | 38.93% | 30.38% | 29.45% | 24.61% | 42.11% | 44.34% | 33.1% | 33.08% | 68.66% | 44.07% | 24.16% |