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Ingredion INGR Brazil — Net Sales

Other geography segments

U.S. Plans
$2.87B
Mexico
$1.5B
Canada
$527M
Germany
$385M
Colombia
$310M
Thailand
$265M

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WHRBrazil — Net Sales
$600M-4.0%
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$992.2M-13.9%
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ASTEBrazil — Net Sales
$5.3M-50.0%

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$6.49B-19.3%
Enterprise value$7.49B-17.0%
P/E9.6×-2.3×
P/S0.9×-0.2×

Profitability

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Gross margin24.5%-0.5pp
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

Reported directly by Ingredion in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Ingredion’s 10-K, filed February 17, 2026.

Filed
Feb 17, 2026, 4:26 PM EST
Fiscal year
FY2025
Accession
0001628280-26-008603
Line item202520242023
U.S.$2,815$2,870$3,069
Mexico1,3921,5031,571
Brazil572584669
Canada495527548
Germany384385413
Colombia324310332
Thailand255265259
Others9829861,299

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Ingredion's brazil — net sales?
Ingredion (INGR) reported brazil — net sales of $143M in Q4 2025.
How has Ingredion's brazil — net sales changed year-over-year?
Ingredion's brazil — net sales decreased by 2.1% year-over-year, from $146M to $143M.
What is the long-term trend for Ingredion's brazil — net sales?
Over 4 years (2021 to 2025), Ingredion's brazil — net sales has grown at a -0.6% compound annual growth rate (CAGR), from $586M to $572M.
What does brazil — net sales mean?
The total revenue generated from the sale of specialty and core ingredients within the Brazilian market after accounting for returns, allowances, and discounts. It serves as a primary indicator of market demand and the company's competitive positioning in the regional food and beverage ingredient sector.

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