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Ingredion INGR Thailand — Net Sales

Other geography segments

U.S. Plans
$2.87B
Mexico
$1.5B
Brazil
$584M
Canada
$527M
Germany
$385M
Colombia
$310M

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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
Mexico1,3921,5031,571
Brazil572584669
Canada495527548
Germany384385413
Colombia324310332
Thailand255265259
Others9829861,299
Total$7,219$7,430$8,160

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Ingredion's thailand — net sales?
Ingredion (INGR) reported thailand — net sales of $63.75M in Q4 2025.
How has Ingredion's thailand — net sales changed year-over-year?
Ingredion's thailand — net sales decreased by 3.8% year-over-year, from $66.25M to $63.75M.
What is the long-term trend for Ingredion's thailand — net sales?
Over 3 years (2022 to 2025), Ingredion's thailand — net sales has grown at a -0.3% compound annual growth rate (CAGR), from $257M to $255M.
What does thailand — net sales mean?
This metric measures the total revenue generated from the sale of specialty and core ingredients to customers within the Thailand geographic market, net of returns, allowances, and discounts. It serves as a primary indicator of regional market demand and the company's competitive positioning in the local food and beverage supply chain. Tracking this value allows stakeholders to evaluate the growth trajectory and revenue contribution of the Thailand operations.

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