Tearsheet

Ingredion (INGR)

Market Price (9/15/2025): $126.145 | Market Cap: $8.1 Bil
Sector: Consumer Staples | Industry: Agricultural Products & Services

Ingredion (INGR)

Market Price (9/15/2025): $126.145
Market Cap: $8.1 Bil
Sector: Consumer Staples
Industry: Agricultural Products & Services

Investment Highlights

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, Dividend Yield is 2.6%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.4%, FCF Yield is 9.9%	Weak multi-year price returns 2Y Excs Rtn is -15%, 3Y Excs Rtn is -4.5%	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -5.2%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.3%, Rev Chg QQuarterly Revenue Change % is -2.4%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 16%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 11%
2	Low stock price volatility Vol 12M is 25%

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, Dividend Yield is 2.6%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.4%, FCF Yield is 9.9%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 16%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 11%
2	Low stock price volatility Vol 12M is 25%
3	Weak multi-year price returns 2Y Excs Rtn is -15%, 3Y Excs Rtn is -4.5%
4	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -5.2%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.3%, Rev Chg QQuarterly Revenue Change % is -2.4%

Market Valuation

	9/15/25	2024	2023	2022	2021
Share Price CYE	$126.14	$135.15	$104.59	$91.68	$87.75
Market Cap CYE ($ Bil)	8.1	8.8	6.9	6.0	5.9
Total Debt ($ Bil)	1.8	2.0	2.4	2.7	2.2
Total Cash ($ Bil)	0.9	1.0	0.4	0.2	0.3
Enterprise Value ($ Bil)	9.1	10.8	9.3	8.7	8.1
Valuation Ratios
P/S TTM	1.1	1.2	0.9	0.8	0.9
P/EBIT TTM	8.3	9.3	7.5	8.4	20.1
P/E TTM	12.0	13.9	11.1	13.2	55.4
Sector Ratios
P/S TTM (Sector)	0.9	0.9	0.9	0.9	1.6
P/EBIT TTM (Sector)	8.5	8.9	10.0	9.4	11.6
P/E TTM (Sector)	12.7	12.1	14.0	12.0	16.2

	9/15/25	2024	2023
Share Price CYE	$126.14	$135.15	$104.59
Market Cap CYE ($ Bil)	8.1	8.8	6.9
Total Debt ($ Bil)	1.8	2.0	2.4
Total Cash ($ Bil)	0.9	1.0	0.4
Enterprise Value ($ Bil)	9.1	10.8	9.3
Valuation Ratios
P/S TTM	1.1	1.2	0.9
P/EBIT TTM	8.3	9.3	7.5
P/E TTM	12.0	13.9	11.1
Sector Ratios
P/S TTM (Sector)	0.9	0.9	0.9
P/EBIT TTM (Sector)	8.5	8.9	10.0
P/E TTM (Sector)	12.7	12.1	14.0

Stock Price
Market Cap

Stock Price Chart

Return (1Y):

Market Cap Chart

Business Description

Ingredion Incorporated, together with its subsidiaries, produces and sells starches and sweeteners for various industries. It operates through four segments: North America; South America; Asia-Pacific; and Europe, Middle East and Africa. The company offers sweetener products comprising glucose syrups, high maltose syrups, high fructose corn syrups, caramel colors, dextrose, polyols, maltodextrins, and glucose syrup solids, as well as food-grade and industrial starches, biomaterials, and nutrition ingredients. Show more

Price Returns Compared

Expand for Detailed View

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
INGR Return	-13%	26%	4%	14%	29%	-7%	59%
Peers Return	17%	25%	6%	18%	14%	-6%	95%
S&P 500 Return	16%	27%	-19%	24%	23%	12%	104%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: PPC, POST, DAR, BRBR, ADM. See INGR Returns vs. Peers.
[3] 2025 data is for the year up to 9/12/2025 (YTD)

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	Ingredion Earnings Notes
2	Ingredion vs Verizon Communications: Which Is A Better Investment?	Counter-Intuitive Comparisons
3	Ingredion vs Cal-Maine Foods: Which Is A Better Investment?	Counter-Intuitive Comparisons
4	INGR Stock in Focus: Does It Outshine the Peer Group?	Peer Comparison
5	Better Bet Than INGR Stock: Pay Less Than Ingredion To Get More From PCG, EIX
6	Better Bet Than INGR Stock: Pay Less Than Ingredion To Get More From CALM, PPC
7	INGR Dip Buy Analysis
8	Ingredion Total Shareholder Return (TSR): 31.7% in 2024 and 18.0% 3-yr compounded annual returns (above peer average)
9	Ingredion (INGR) Operating Cash Flow Comparison	Financials
10	Ingredion (INGR) Net Income Comparison	Financials

	Title
0	ARTICLES
1	Ingredion Earnings Notes
2	Ingredion vs Verizon Communications: Which Is A Better Investment?
3	Ingredion vs Cal-Maine Foods: Which Is A Better Investment?
4	INGR Stock in Focus: Does It Outshine the Peer Group?
5	Better Bet Than INGR Stock: Pay Less Than Ingredion To Get More From PCG, EIX
6	Better Bet Than INGR Stock: Pay Less Than Ingredion To Get More From CALM, PPC
7	INGR Dip Buy Analysis
8	Ingredion Total Shareholder Return (TSR): 31.7% in 2024 and 18.0% 3-yr compounded annual returns (above peer average)
9	Ingredion (INGR) Operating Cash Flow Comparison
10	Ingredion (INGR) Net Income Comparison

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	GCTK	GlucoTrack	117.5%	-97.6%
2	OPI	Office Properties Income Trust	78.6%	-42.6%
3	HCWB	HCW Biologics	68.4%	-68.7%
4	AGAE	Allied Gaming & Entertainment	62.4%	86.8%
5	ATCH	AtlasClear	53.4%	-95.9%
6	SONN	Sonnet BioTherapeutics	49.0%	304.1%
7	EVTV	Envirotech Vehicles	48.4%	-66.3%
8	ISPC	iSpecimen	47.7%	-26.6%
9	ENTO	Entero Therapeutics	37.0%	68.8%
10	IBEX	IBEX	36.5%	93.5%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	NXTT	Next Technology	-57.4%	-93.8%
2	VCIG	VCI Global	-42.8%	-98.7%
3	RENT	Rent the Runway	-36.4%	-40.9%
4	NUAI	New Era Energy & Digital	-30.5%
5	AEI	Alset	-29.6%	156.9%
6	NAKA	Kindly MD	-29.5%
7	XTIA	XTI Aerospace	-24.6%	-85.8%
8	FARM	Farmer Bros	-21.5%	1.7%
9	FEIM	Frequency Electronics	-21.0%	46.5%
10	MSS	Maison Solutions	-20.4%	-27.6%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	OCTO	Eightco	900.0%	562.1%
2	QMMM	QMMM	875.3%	5698.4%
3	WLDS	Wearable Devices	780.4%	8.0%
4	CWD	CaliberCos	268.8%	-45.1%
5	AIRE	ReAlpha Tech	257.5%	-49.8%
6	PTNM	Pitanium	154.0%
7	OPI	Office Properties Income Trust	144.0%	-42.6%
8	HYPD	Hyperion DeFi	144.0%
9	ISPC	iSpecimen	128.4%	-26.6%
10	EDHL	Everbright Digital	127.6%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	DGNX	Diginex	-85.6%
2	LGCL	Lucas GC	-69.1%	-76.6%
3	YYGH	YY	-68.7%	-76.6%
4	BINI	Bollinger Innovations	-61.6%	-100.0%
5	IPDN	Professional Diversity Network	-54.5%	-41.4%
6	INHD	Inno	-53.4%	-4.4%
7	CDT	CDT Equity	-49.2%	-99.4%
8	NFE	New Fortress Energy	-46.5%	-91.3%
9	TGHL	Growhub	-44.8%
10	SLXN	Silexion Therapeutics	-43.1%	-86.5%

1 Month Top Gainers

#	Ticker	Company	1M Rtn	YTD Rtn
1	PMI	Picard Medical	11249.2%	11249.2%
2	GIBO	GIBO	7400.0%
3	LNZA	LanzaTech Global	4710.5%	-85.8%
4	CHSN	Chanson International	3717.0%	-99.3%
5	QMMM	QMMM	2669.4%	5698.4%
6	VTAK	Catheter Precision	1332.7%	-71.4%
7	CURX	Curanex Pharmaceuticals	1309.0%	1309.0%
8	OCTO	Eightco	811.9%	562.1%
9	WLDS	Wearable Devices	708.6%	8.0%
10	PTNM	Pitanium	423.7%

1 Month Top Losers

#	Ticker	Company	1M Rtn	YTD Rtn
1	BINI	Bollinger Innovations	-93.4%	-100.0%
2	ETS	Elite Express	-92.8%	-92.8%
3	CJET	Chijet Motor	-92.7%	-94.6%
4	ELPW	Elong Power	-91.7%	-75.8%
5	STFS	Star Fashion Culture	-91.4%	-97.8%
6	JEM	707 Cayman	-90.4%	-98.0%
7	FLYE	Fly-E	-90.4%	-82.8%
8	NXTT	Next Technology	-89.3%	-93.8%
9	NUTR	NusaTrip	-87.2%	-87.2%
10	CUPR	Cuprina	-84.3%

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	GCTK	GlucoTrack	117.5%	-97.6%
2	OPI	Office Properties Income Trust	78.6%	-42.6%
3	HCWB	HCW Biologics	68.4%	-68.7%
4	AGAE	Allied Gaming & Entertainment	62.4%	86.8%
5	ATCH	AtlasClear	53.4%	-95.9%
6	SONN	Sonnet BioTherapeutics	49.0%	304.1%
7	EVTV	Envirotech Vehicles	48.4%	-66.3%
8	ISPC	iSpecimen	47.7%	-26.6%
9	ENTO	Entero Therapeutics	37.0%	68.8%
10	IBEX	IBEX	36.5%	93.5%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	NXTT	Next Technology	-57.4%	-93.8%
2	VCIG	VCI Global	-42.8%	-98.7%
3	RENT	Rent the Runway	-36.4%	-40.9%
4	NUAI	New Era Energy & Digital	-30.5%
5	AEI	Alset	-29.6%	156.9%
6	NAKA	Kindly MD	-29.5%
7	XTIA	XTI Aerospace	-24.6%	-85.8%
8	FARM	Farmer Bros	-21.5%	1.7%
9	FEIM	Frequency Electronics	-21.0%	46.5%
10	MSS	Maison Solutions	-20.4%	-27.6%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	OCTO	Eightco	900.0%	562.1%
2	QMMM	QMMM	875.3%	5698.4%
3	WLDS	Wearable Devices	780.4%	8.0%
4	CWD	CaliberCos	268.8%	-45.1%
5	AIRE	ReAlpha Tech	257.5%	-49.8%
6	PTNM	Pitanium	154.0%
7	OPI	Office Properties Income Trust	144.0%	-42.6%
8	HYPD	Hyperion DeFi	144.0%
9	ISPC	iSpecimen	128.4%	-26.6%
10	EDHL	Everbright Digital	127.6%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	DGNX	Diginex	-85.6%
2	LGCL	Lucas GC	-69.1%	-76.6%
3	YYGH	YY	-68.7%	-76.6%
4	BINI	Bollinger Innovations	-61.6%	-100.0%
5	IPDN	Professional Diversity Network	-54.5%	-41.4%
6	INHD	Inno	-53.4%	-4.4%
7	CDT	CDT Equity	-49.2%	-99.4%
8	NFE	New Fortress Energy	-46.5%	-91.3%
9	TGHL	Growhub	-44.8%
10	SLXN	Silexion Therapeutics	-43.1%	-86.5%

Peer Comparisons for Ingredion

Financials

	INGR	PPC	POST	DAR	BRBR	ADM	Median
Name	Ingredion	Pilgrims.	Post	Darling .	BellRing.	Archer-D.
Mkt Price	126.12	43.63	104.98	31.44	38.07	61.57	52.60
Mkt Cap	8.1	10.4	5.8	5.0	4.8	29.8	7.0
Rev LTM	7,316	17,979	7,921	5,702	2,224	82,776	7,619
Op Inc LTM	1,088	1,756	822	325	367	1,582	955
FCF LTM	803	1,380	433	549	127	4,109	676
FCF 3Y Avg	648	571	454	440	169	3,629	513
CFO LTM	1,177	1,846	932	824	132	5,578	1,055
CFO 3Y Avg	970	1,079	848	862	172	5,120	916

Growth & Margins

	INGR	PPC	POST	DAR	BRBR	ADM	Median
Name	Ingredion	Pilgrims.	Post	Darling .	BellRing.	Archer-D.
Rev Chg LTM	-5.2%	2.4%	0.8%	-6.8%	16.3%	-6.8%	-2.2%
Rev Chg 3Y Avg	-0.3%	4.6%	12.4%	2.7%	18.6%	-4.0%	3.6%
Rev Chg Q	-2.4%	2.3%	1.9%	1.8%	6.2%	-4.9%	1.8%
QoQ Delta Rev Chg LTM	-0.6%	0.6%	0.5%	0.5%	1.5%	-1.3%	0.5%
Op Mgn LTM	14.9%	9.8%	10.4%	5.7%	16.5%	1.9%	10.1%
Op Mgn 3Y Avg	12.4%	6.4%	9.7%	7.0%	17.4%	3.1%	8.4%
QoQ Delta Op Mgn LTM	0.2%	0.8%	0.4%	0.2%	-3.3%	-0.0%	0.2%
CFO/Rev LTM	16.1%	10.3%	11.8%	14.4%	5.9%	6.7%	11.0%
CFO/Rev 3Y Avg	12.7%	6.1%	11.3%	13.8%	9.2%	5.7%	10.2%
FCF/Rev LTM	11.0%	7.7%	5.5%	9.6%	5.7%	5.0%	6.7%
FCF/Rev 3Y Avg	8.6%	3.2%	6.0%	7.1%	9.1%	4.0%	6.6%

Valuation

	INGR	PPC	POST	DAR	BRBR	ADM	Median
Name	Ingredion	Pilgrims.	Post	Darling .	BellRing.	Archer-D.
Mkt Cap	8.1	10.4	5.8	5.0	4.8	29.8	7.0
P/S	1.1	0.6	0.7	0.9	2.2	0.4	0.8
P/EBIT	8.3	6.0	7.2	16.3	13.1	13.9	10.7
P/E	12.0	8.6	16.0	47.3	21.1	27.1	18.5
P/CFO	6.9	5.6	6.3	6.0	36.6	5.3	6.2
Total Yield	10.9%	11.7%	6.3%	2.1%	4.7%	5.3%	5.8%
Dividend Yield	2.6%	0.0%	0.0%	0.0%	0.0%	1.6%	0.0%
FCF Yield 3Y Avg	8.2%	4.8%	7.7%	6.5%	2.6%	11.8%	7.1%
D/E	0.2	0.3	1.3	0.8	0.2	0.4	0.3
Net D/E	0.1	0.1	1.1	0.8	0.2	0.3	0.3

Returns

	INGR	PPC	POST	DAR	BRBR	ADM	Median
Name	Ingredion	Pilgrims.	Post	Darling .	BellRing.	Archer-D.
1M Rtn	0.2%	-9.0%	-3.3%	0.8%	-0.8%	3.0%	-0.3%
3M Rtn	-8.2%	-5.4%	-6.4%	-12.7%	-35.1%	18.4%	-7.3%
6M Rtn	-2.8%	-0.8%	-6.4%	6.5%	-43.6%	31.8%	-1.8%
12M Rtn	-4.1%	22.0%	-9.1%	-10.7%	-34.9%	5.1%	-6.6%
3Y Rtn	65.1%	92.0%	20.3%	-57.6%	57.1%	-21.5%	38.7%
1M Excs Rtn	-3.2%	-13.9%	-5.1%	-3.7%	-5.5%	1.1%	-4.4%
3M Excs Rtn	-17.9%	-13.6%	-16.5%	-13.6%	-45.6%	15.1%	-15.1%
6M Excs Rtn	-21.5%	-21.3%	-25.2%	-9.0%	-61.8%	12.4%	-21.4%
12M Excs Rtn	-24.5%	-5.4%	-28.7%	-27.3%	-53.3%	-12.3%	-25.9%
3Y Excs Rtn	-4.5%	11.9%	-48.7%	-123.9%	-11.5%	-88.7%	-30.1%

Comparison Analyses

	Title
0	INGR Stock in Focus: Does It Outshine the Peer Group?
1	Ingredion vs. Pilgrims Pride: With Return Forecast Of 19%, Pilgrims Pride Is A Better Bet
2	LANC Could Deliver 9.5% Returns And Outperform INGR
3	INGR or HAIN - With 5.0% Return Forecast, HAIN Probably Deserves Your Money
4	Why FLO With 7.8% Upside May Beat INGR?
5	Why JJSF With 29% Upside May Beat INGR?
6	Ingredion vs. Zoetis: Both Seem Similar Bets
7	Ingredion vs. Vertex Pharmaceuticals: With Return Forecast Of 72%, Vertex Pharmaceuticals Is A Better Bet
8	Ingredion vs. ServiceNow: With Return Forecast Of 54%, ServiceNow Is A Better Bet
9	Ingredion vs. Omnicell: Similar Market Cap, But Ingredion Is A Better Bet

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End		12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date		2/20/2025	2/21/2024	2/21/2023	2/22/2022	2/24/2021	2/19/2020
Key Financials
Total Revenue	7,316	7,430	8,160	7,946	6,894	5,987	6,209
Ebitda	1,197	1,184	1,172	982	542	800	883
Operating Income	1,088	1,010	968	766	697	675	721
Net Income	676	647	643	492	117	348	413
EPS	10.43	9.88	9.74	7.43	1.74	5.18	6.17
Growth Rates
Total Revenue Growth	-5.2%	-8.9%	2.7%	15.3%	15.1%	-3.6%	-1.3%
EBITDA Growth	2.7%	1.0%	19.3%	81.2%	-32.2%	-9.4%	-7.0%
Operating Income Growth	20.2%	4.3%	26.4%	9.9%	3.3%	-6.4%	-6.0%
Net Income Growth	3.5%	0.6%	30.7%	320.5%	-66.4%	-15.7%	-6.8%
Margins
EBITDA Margin	16.4%	15.9%	14.4%	12.4%	7.9%	13.4%	14.2%
Operating Income Margin	14.9%	13.6%	11.9%	9.6%	10.1%	11.3%	11.6%
Net Income Margin	9.2%	8.7%	7.9%	6.2%	1.7%	5.8%	6.7%
Cash & Debt
Total Cash	868	1,008	409	239	332	665	268
Total Debt	1,787	2,035	2,401	2,677	2,247	2,368	2,008
Net Debt / (Cash)	919	1,027	1,992	2,438	1,915	1,703	1,740
Cash Flows
Net Cash from Operations	1,177	1,436	1,057	152	392	829	680
Free Cash from Operations	803	1,135	741	-148	92	489	352
Returns to Shareholders
Dividends	212	210	194	181	184	178	174
Share Repurchases	205	216	101	112	68	-0	-0

$ Mil \| FY: 12/31	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3
Period End	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Filing Date	8/11/2025	5/9/2025	2/20/2025	11/8/2024	8/8/2024	5/9/2024	2/21/2024	11/7/2023	8/8/2023	5/8/2023	2/21/2023	11/7/2022
Key Financials Quarterly
Total Revenue	1,833	1,813	1,800	1,870	1,878	1,882	1,921	2,033	2,069	2,137	1,987	2,023
Ebitda	324	331	215	327	294	348	256	267	304	345	213	238
Operating Income	274	283	251	280	263	216	203	223	251	291	155	184
Net Income	196	197	95	188	148	216	131	158	163	191	114	106
EPS	3.04	3.05	1.46	2.88	2.25	3.29	2.00	2.39	2.46	2.89	1.73	1.61
Key Financials TTM
Total Revenue TTM	7,316	7,361	7,430	7,551	7,714	7,905	8,160	8,226	8,216	8,191	7,946	7,714
Ebitda TTM	1,197	1,167	1,184	1,225	1,165	1,175	1,172	1,129	1,100	1,063	982	928
Operating Income TTM	1,088	1,077	1,010	962	905	893	968	920	881	845	766	722
Net Income TTM	676	628	647	683	653	668	643	626	574	553	492	445
Growth Rates Quarterly
Total Revenue Growth	-2.4%	-3.7%	-6.3%	-8.0%	-9.2%	-11.9%	-3.3%	0.5%	1.2%	12.9%	13.2%	14.7%
EBITDA Growth	10.2%	-4.9%	-16.0%	22.5%	-3.3%	0.9%	20.2%	12.2%	13.9%	30.7%	34.0%	5.8%
Operating Income Growth	4.2%	31.0%	23.6%	25.6%	4.8%	-25.8%	31.0%	21.2%	16.7%	37.3%	39.6%	15.0%
Net Income Growth	32.4%	-8.8%	-27.5%	19.0%	-9.2%	13.1%	14.9%	49.1%	14.8%	46.9%	70.1%	-10.2%
Margins Quarterly
EBITDA Margin	17.7%	18.3%	11.9%	17.5%	15.7%	18.5%	13.3%	13.1%	14.7%	16.1%	10.7%	11.8%
Operating Income Margin	14.9%	15.6%	13.9%	15.0%	14.0%	11.5%	10.6%	11.0%	12.1%	13.6%	7.8%	9.1%
Net Income Margin	10.7%	10.9%	5.3%	10.1%	7.9%	11.5%	6.8%	7.8%	7.9%	8.9%	5.7%	5.2%
Cash & Debt
Total Cash	868	846	1,008	884	510	445	409	341	263	221	239	298
Total Debt	1,787	1,784	2,035	1,840	1,850	1,881	2,401	2,406	2,461	2,639	2,677	2,448
Net Debt / (Cash)	919	938	1,027	956	1,340	1,436	1,992	2,065	2,198	2,418	2,438	2,150
Cash Flows Quarterly
FCF from Operations	185	77	436	479	312	209	410	368	330	-51	72	84
Cash Flows TTM
FCF from Operations TTM	1,177	1,304	1,436	1,410	1,299	1,317	1,057	719	435	153	152	213
Returns to Shareholders Quarterly
Dividends	54	52	54	52	53	51	51	48	48	47	48	43
Share Repurchases	-0	55	129	21	65	1	-0	101	-0	-0	-0	28
Return on Invested Capital (ROIC) Quarterly
ROIC	91.2%	89.9%	62.4%	81.1%	51.2%	47.5%	30.8%	37.4%	34.2%	36.1%	23.6%	23.2%
Return on Invested Capital (ROIC) TTM
ROIC TTM	85.0%	79.1%	69.1%	72.7%	51.5%	49.0%	37.7%	35.8%	30.6%	26.6%	23.6%	24.6%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Food & Industrial Ingredients (F&II) - Latin America (LATAM)	2,668	2,628
Texture & Healthful Solutions (T&HS)	2,566	2,527
Food & Industrial Ingredients (F&II)- United States(U.S.) /Canada	2,429	2,303
All Other	743	893
Corporate	0	0
Intersegment sales	-246	-405
Single Segment			6,894	5,987	6,209
Total	8,160	7,946	6,894	5,987	6,209

Operating Income by Segment

$ Mil	2024	2023
Food & Industrial Ingredients (F&II) - Latin America (LATAM)	452	437
Texture & Healthful Solutions (T&HS)	394	297
Food & Industrial Ingredients (F&II)- United States(U.S.) /Canada	298	209
Acquisition/integration costs	0	-1
Other matters	-1	-20
Restructuring and resegmentation costs	-1	-4
All Other	-2	-6
Impairment charge	-10	0
Corporate	-173	-150
Total	957	762

Price Behavior

Behavior Stats
Betas Matrix

Price Behavior

Market Price	$126.12
Market Cap ($ Bil)	8.1
First Trading Date	12/11/1997
Distance from 52W High	-17.1%
	50 Days	200 Days
DMA Price	$130.06	$133.03
DMA Trend	down	down
Distance from DMA	-3.0%	-5.2%
	3M	1YR
Volatility	14.4%	24.9%
Downside Capture	76.43	44.29
Upside Capture	-8.52	32.55
Correlation (SPY)	37.6%	27.9%

INGR Betas & Captures as of 8/31/2025

	1M	2M	3M	6M	1Y	3Y
Beta	0.74	0.72	0.63	0.36	0.34	0.42
Up Beta	0.53	0.50	0.68	0.41	0.40	0.49
Down Beta	2.45	1.93	1.38	0.23	0.22	0.37
Up Capture	20%	9%	10%	29%	23%	15%
Bmk +ve Days	10	22	35	71	142	415
Stock +ve Days	11	20	29	64	126	395
Down Capture	60%	99%	86%	46%	51%	64%
Bmk -ve Days	11	19	27	54	106	334
Stock -ve Days	10	21	33	61	122	354

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date	8292025
Short Interest: Shares Quantity	1,928,882
Short Interest: % Change Since 8152025	25.1%
Average Daily Volume	417,860
Days-to-Cover Short Interest	4.62
Basic Shares Quantity	64,500,000
Short % of Basic Shares	3.0%

Returns Analyses

	Title
0	Ingredion Stock Return Comparison
1	[9/29/2021] Ingredion (INGR) Stock Price Forecast: AI Forecasts INGR Stock Price To Be Around $91.3 In A Month (Up 0.4%)
2	Ingredion (INGR) Stock Return: AI Predicts INGR Average and Excess Return After a Fall or Rise

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
8/1/2025	-3.9%	-4.0%	-1.5%
5/6/2025	3.6%	2.7%	2.7%
2/4/2025	-5.6%	-5.3%	-4.1%
11/5/2024	15.5%	11.7%	11.5%
8/6/2024	6.6%	6.9%	12.2%
5/8/2024	1.6%	1.3%	-0.3%
2/6/2024	-0.8%	-1.4%	5.2%
11/7/2023	6.5%	6.9%	10.6%
...
SUMMARY STATS
# Positive	13	14	12
# Negative	11	10	12
Median Positive	4.3%	4.6%	9.7%
Median Negative	-3.3%	-3.7%	-3.6%
Max Positive	15.5%	16.1%	18.7%
Max Negative	-13.2%	-10.0%	-12.7%

	Forward Returns
8/1/2025	-3.9%	-4.0%	-1.5%
5/6/2025	3.6%	2.7%	2.7%
2/4/2025	-5.6%	-5.3%	-4.1%
11/5/2024	15.5%	11.7%	11.5%
8/6/2024	6.6%	6.9%	12.2%
5/8/2024	1.6%	1.3%	-0.3%
2/6/2024	-0.8%	-1.4%	5.2%
11/7/2023	6.5%	6.9%	10.6%
8/8/2023	-7.8%	-10.0%	-8.3%
5/3/2023	4.0%	2.6%	-0.2%
2/8/2023	0.3%	-2.1%	-3.2%
11/3/2022	4.3%	5.0%	14.6%
8/9/2022	0.8%	4.0%	-6.4%
5/5/2022	-1.2%	-3.0%	4.1%
2/3/2022	-9.8%	-9.6%	-11.4%
11/2/2021	-3.3%	3.6%	-2.7%
8/3/2021	-1.6%	-3.5%	-1.4%
5/4/2021	-0.8%	0.9%	2.8%
2/3/2021	10.8%	16.1%	18.7%
11/2/2020	1.7%	-2.3%	10.5%
8/4/2020	-13.2%	-6.8%	-8.5%
5/5/2020	4.4%	4.3%	8.8%
2/11/2020	8.2%	5.8%	-12.7%
10/31/2019	-0.2%	6.0%	5.1%
SUMMARY STATS
# Positive	13	14	12
# Negative	11	10	12
Median Positive	4.3%	4.6%	9.7%
Median Negative	-3.3%	-3.7%	-3.6%
Max Positive	15.5%	16.1%	18.7%
Max Negative	-13.2%	-10.0%	-12.7%

SEC Filings

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Report Date	Filing
6302025	10-Q 6/30/2025
3312025	10-Q 3/31/2025
12312024	10-K 12/31/2024
9302024	10-Q 9/30/2024
6302024	10-Q 6/30/2024
3312024	10-Q 3/31/2024
12312023	10-K 12/31/2023
9302023	10-Q 9/30/2023
6302023	10-Q 6/30/2023
3312023	10-Q 3/31/2023
12312022	10-K 12/31/2022
9302022	10-Q 9/30/2022
6302022	10-Q 6/30/2022
3312022	10-Q 3/31/2022
12312021	10-K 12/31/2021
9302021	10-Q 9/30/2021

Insider Activity

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	Owner	Title	Filing Date	Action	Price	Shares	Transacted Value	Value of Held Shares	Form
0	Fernandes Larry	SVP, Chief Comm & Sust Officer	8052025	Sell	128.39	850	109,131	4,002,025	Form
1	Fernandes Larry	SVP, Chief Comm & Sust Officer	5082025	Sell	135.61	2,040	276,644	4,387,758	Form
2	Zallie James P.	President and CEO	2202025	Sell	125.88	10,815	1,361,349	4,295,716	Form
3	Zallie James P.	President and CEO	2182025	Sell	126.91	39,329	4,991,047	6,695,199	Form
4	Fernandes Larry	SVP, Chief Comm & Sust Officer	11182024	Sell	140.66	6,122	861,165		Form

Industry Resources

Agricultural Products & Services Resources

AgFunder Network Partners

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

Prefer one of these to Trefis? Tell us why.

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
INGR Return	-13%	26%	4%	14%	29%	-7%	59%
Peers Return	17%	25%	6%	18%	14%	-6%	95%
S&P 500 Return	16%	27%	-19%	24%	23%	12%	104%
Monthly Win Rates [3]
INGR Win Rate	42%	67%	42%	58%	50%	25%
Peers Win Rate	55%	57%	53%	52%	50%	52%
S&P 500 Win Rate	58%	75%	42%	67%	75%	62%
Max Drawdowns [4]
INGR Max Drawdown	-35%	-6%	-17%	-6%	-2%	-9%
Peers Max Drawdown	-42%	-5%	-16%	-18%	-15%	-20%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

Ingredion (INGR)

Market Price (9/15/2025): $126.145 | Market Cap: $8.1 BilSector: Consumer Staples | Industry: Agricultural Products & Services

Ingredion (INGR)

Market Price (9/15/2025): $126.145Market Cap: $8.1 BilSector: Consumer StaplesIndustry: Agricultural Products & Services

Investment Highlights

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Business Description

Price Returns Compared

Interactive Breakdown

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Returns Analyses

Earnings Returns History

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Insider Activity

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Market Price (9/15/2025): $126.145 | Market Cap: $8.1 Bil
Sector: Consumer Staples | Industry: Agricultural Products & Services

Market Price (9/15/2025): $126.145
Market Cap: $8.1 Bil
Sector: Consumer Staples
Industry: Agricultural Products & Services