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.

Ingredion INGR Operating Income

Operating Income at other companies

Darling Ingredients Inc.DAR

$226.77M+698%

PepsiCoPEP

$3.21B+24.4%

McCormick & Company, IncorporatedMKC

$227.5M+1.0%

International Flavors & FragrancesIFF

$273M+130%

HersheyHSY

——

Conagra BrandsCAG

——

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$6.18B-18.3%

Enterprise value$7.17B-16.4%

P/E9.2×-2.9×

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 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 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.