What is Ingredion's net debt?

Ingredion (INGR) reported net debt of $994M in Q1 2026.

How has Ingredion's net debt changed year-over-year?

Ingredion's net debt increased by 0.5% year-over-year, from $989M to $994M.

What is the long-term trend for Ingredion's net debt?

Over 5 years (2020 to 2025), Ingredion's net debt has grown at a -5.7% compound annual growth rate (CAGR), from $1.32B to $989M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Ingredion INGR Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

SeaboardSEB

2×-0.4×

Sabra HealthcareSBRA

-0.2×-0.3×

TDS

Telephone and Data SystemsTDS

-0.2×-25.0×

Dolby Laboratories, Inc.DLB

-1.8×-0.2×

Hannon Armstrong Sustainable Infrastructure CapitalHASI

0.5×+0.4×

Moelis & CompanyMC

0.7×-0.1×

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$33.0M-57.1%

CapEx$110.0M+19.6%

Free cash flow-$77.0M-413%

Valuation

See full

Market cap$6.18B-18.3%

Enterprise value$7.17B-16.4%

P/E9.2×-2.9×

P/S0.9×-0.2×

Profitability

See full

Gross margin24.5%-0.5pp

Operating margin13.1%+0.2pp

Net margin9.4%+0.8pp

FCF margin6.2%-7.1pp

Returns & leverage

See full

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.

$1.9Btotal debt−$914.0Mcash and equivalents=$994M

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 net debt?: Ingredion (INGR) reported net debt of $994M in Q1 2026.
How has Ingredion's net debt changed year-over-year?: Ingredion's net debt increased by 0.5% year-over-year, from $989M to $994M.
What is the long-term trend for Ingredion's net debt?: Over 5 years (2020 to 2025), Ingredion's net debt has grown at a -5.7% compound annual growth rate (CAGR), from $1.32B to $989M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.