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Ingredion INGR Operating Income

Operating Income at other companies

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$555.24M+632%
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McCormick & Company, IncorporatedMKC
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$43M+106%
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$273M+130%

Other financials

Income statement

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Revenue$1.8B-1.2%
Gross profit$401.0M-13.9%
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$6.52B-19.3%
Enterprise value$7.51B-17.0%
P/E9.7×-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:OperatingIncomeLoss.

The source filing: Ingredion’s 10-Q, filed May 8, 2026.

Filed
May 8, 2026, 1:33 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-032703
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Operating expenses200193
Other operating (income), net(13)(10)
Restructuring/impairment charges117
Operating income203276
Financing costs99
Income before income taxes194267
Provision for income taxes5068
Net income144199

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Ingredion's operating income?
Ingredion (INGR) reported operating income of $203M in Q1 2026.
How has Ingredion's operating income changed year-over-year?
Ingredion's operating income decreased by 26.4% year-over-year, from $276M to $203M.
What is the long-term trend for Ingredion's operating income?
Over 4 years (2021 to 2025), Ingredion's operating income has grown at a 34.5% compound annual growth rate (CAGR), from $310M to $1.02B.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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