What is Ingredion's gross margin?

Ingredion (INGR) reported gross margin of 24.5% in Q1 2026.

How has Ingredion's gross margin changed year-over-year?

Ingredion's gross margin decreased by 2.0% year-over-year, from 25% to 24.5%.

What is the long-term trend for Ingredion's gross margin?

Over 5 years (2020 to 2025), Ingredion's gross margin has grown at a 3.6% compound annual growth rate (CAGR), from 21.2% to 25.3%.

What does gross margin mean?

Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.

Ingredion INGR Gross margin

Gross margin at other companies

Archer Daniels MidlandADM

6.3%0.0pp

Darling Ingredients Inc.DAR

24.8%+2.2pp

PepsiCoPEP

54.1%-0.7pp

General MillsGIS

33%-2.3pp

McCormick & Company, IncorporatedMKC

37.9%-0.6pp

International Flavors & FragrancesIFF

36.3%+0.2pp

Other financials

Income statement

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Revenue$1.8B-1.2%

Gross profit$401.0M-13.9%

Operating income$203.0M-26.4%

Net income$142.0M-27.9%

EPS (diluted)$2.22-26.0%

Balance sheet

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Cash & equivalents$914.0M+9.2%

Total debt$1.9B+4.5%

Total equity$4.4B+10.2%

Total assets$7.9B+6.2%

Cash flow

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Operating cash flow$33.0M-57.1%

CapEx$110.0M+19.6%

Free cash flow-$77.0M-413%

Valuation

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Market cap$6.18B-18.3%

Enterprise value$7.17B-16.4%

P/E9.2×-2.9×

P/S0.9×-0.2×

Profitability

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Operating margin13.1%+0.2pp

Net margin9.4%+0.8pp

FCF margin6.2%-7.1pp

Returns & leverage

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Return on equity16.1%-0.2pp

Debt / equity0.4×0.0×

Current ratio2.8×-0.1×

Where this comes from

Calculated from Ingredion’s reported figures.

gross profit/total revenue=24.5%

Based on trailing twelve months.

The official record: Ingredion’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ingredion's gross margin?: Ingredion (INGR) reported gross margin of 24.5% in Q1 2026.
How has Ingredion's gross margin changed year-over-year?: Ingredion's gross margin decreased by 2.0% year-over-year, from 25% to 24.5%.
What is the long-term trend for Ingredion's gross margin?: Over 5 years (2020 to 2025), Ingredion's gross margin has grown at a 3.6% compound annual growth rate (CAGR), from 21.2% to 25.3%.
What does gross margin mean?: Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.