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Ingredion INGR Mexico — Net Sales

Other geography segments

U.S. Plans
$2.87B
Brazil
$584M
Canada
$527M
Germany
$385M
Colombia
$310M
Thailand
$265M

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$32.26M+27.4%
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$18.86M-12.0%
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PPCMexico — Net Sales
$559.52M+12.2%
Hillman Solutions Corp. logo
HLMNMexico — Net Sales
$4.09M+3.6%
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CMTMexico — Net Sales
$27.29M+11.5%

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 mexico — net sales?
Ingredion (INGR) reported mexico — net sales of $348M in Q4 2025.
How has Ingredion's mexico — net sales changed year-over-year?
Ingredion's mexico — net sales decreased by 7.4% year-over-year, from $375.75M to $348M.
What is the long-term trend for Ingredion's mexico — net sales?
Over 4 years (2021 to 2025), Ingredion's mexico — net sales has grown at a 4.4% compound annual growth rate (CAGR), from $1.17B to $1.39B.
What does mexico — net sales mean?
This metric represents the total revenue generated from the sale of specialty and core ingredients within the Mexico geographic market, net of returns, allowances, and discounts. It serves as a primary indicator of market demand, pricing power, and competitive positioning within the region. Tracking this figure helps investors evaluate the growth trajectory and revenue contribution of the Mexican operations to the overall enterprise.

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