Ingredion Incorporated

INGR

$101.68

-0.90%

2026-09-03 16:00:02 EDT-$0.92

Consumer Defensive

Packaged Foods

NYSE

Active Trading

Ingredion Incorporated, along with its affiliated entities, specializes in the global production and sale of starches and sweeteners, catering to a diverse ...

Price Action of INGR

$101.68

-0.90%-$0.92

High—

Low—

52W High-18.7%

Rel. vol—

Interval

Range6.4h

Volume—SMA5SMA10

—

Ingredion Incorporated, headquartered in Westchester, Illinois, is a global ingredient solutions provider with a rich history dating back to 1906. The company specializes in producing and selling starches and sweeteners, deriving them primarily from corn, tapioca, potatoes, and rice. Its product portfolio includes a wide range of sweeteners like glucose ...Ingredion Incorporated, headquartered in Westchester, Illinois, is a global ingredient solutions provider with a rich history dating back to 1906. The company specializes in producing and selling starches and sweeteners, deriving them primarily from corn, tapioca, potatoes, and rice. Its product portfolio includes a wide range of sweeteners like glucose syrups, high fructose corn syrup, and dextrose, as well as food-grade and industrial starches, biomaterials, and nutrition ingredients. The company also produces corn-derived products such as edible corn oil and corn gluten feed, and processes fruit and vegetable products into concentrates, purees, and pulse proteins. Ingredion serves customers in nearly 120 countries, focusing on industries like food, beverage, brewing, and animal nutrition. With over 11,000 employees, the company operates through four regional segments: North America, South America, Asia-Pacific, and Europe, the Middle East, and Africa. Financially, Ingredion has a market capitalization of about $6.58 billion and generates annual net sales of approximately $7.2 billion. The company maintains a strong gross profit margin of 23.7% and a net profit margin of 8.2%, with a price-to-earnings ratio of 11.2. Its commitment to innovation is evident through its Ingredion Idea Labs centers, and it co-creates with customers to deliver clean label, sugar reduction, plant-based protein, and texture solutions. Led by CEO James Zallie since 2018, Ingredion has rebranded from its original name, Corn Products International, in 2012. The company's strategic initiatives include partnerships to expand market access, such as the recent collaboration with Sanstar Limited to enter the Indian pharma and food ingredient markets.ExpandCollapse

Founded

1906

Employees

11200

CEO

James Zallie

Full Name

Ingredion Incorporated

Sector

Consumer Defensive

Industry

Packaged Foods

ROE

13.46%

Market Cap

$6.41B

Current Ratio

2.80

WACC

6.47%

ROIC

10.22%

Contact Information

https://www.ingredion.com

708 551 2600

5 Westbrook Corporate Center, Westchester, IL 60154

Key Metrics of INGR

Snapshot

Latest / TTM · 6 periods

Market Cap

$6.41B

ROCE

12.6%

EV / EBITDA

6.46x

-3.1% YoY

FCF Yield

10.2%

+3.0% YoY

Cash Conversion Cycle

62.9d

Current Ratio

2.80

Quick take

TTM —

Positive CCC

Financial Highlights of INGR

Profitability trend

Latest / TTM · 6 periods

Gross Margin

23.7%

Net Margin

8.2%

P/E Ratio

10.93x

n/a

Debt / Equity

0.39

n/a

Current Ratio

2.80

Dividend Yield

3.2%

Understanding

TTM —

No major balance sheet stress in these headline ratios.

Calendar of INGR

Upcoming

Sep 30, 2026In 26 days
Q3 FY2026 · Estimated results
Est. EPS $2.63 · Revenue $1.80B · 3 analysts
Dec 30, 2026
Q4 FY2026 · Estimated results
Est. EPS $2.74 · Revenue $1.76B · 3 analysts
Dec 31, 2026
FY2026 · Estimated annual results
Est. EPS $10.53 · Revenue $7.20B · 5 analysts
Mar 30, 2027
Q1 FY2027 · Estimated results
Est. EPS $2.73 · Revenue $1.82B · 1 analysts

Recent history

Aug 7, 2026
Q2 FY2026 · Results reported
EPS $1.78 · Revenue $1.85B
View filing
Jul 21, 2026
Dividend payment
$3.28 per share
Jul 1, 2026
Ex-dividend date
$3.28 per share
May 8, 2026
Q1 FY2026 · Results reported
EPS $2.22 · Revenue $1.79B
View filing
Feb 17, 2026
FY2025 · Annual results
EPS $11.18 · Revenue $7.22B
View filing
Nov 7, 2025
Q3 FY2025 · Results reported
EPS $2.61 · Revenue $1.82B
View filing

Financial Statements of INGR

5Y Trend (Revenue, Earnings, FCF)

Metric	Latest	YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.	QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).	$7.2B	-2.8%	+3.2%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.	$729.0M	+12.7%	-19.7%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.	+25.3%	+5.0%	+2.9%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).	+14.4%	+20.9%	-9.4%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.	+10.1%	+16.0%	-22.2%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.	$511.0M	-55.0%	+87.0%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.	+7.1%	-53.7%	+87.4%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.	41.3%	-21.7%	-4.5%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.	2.66x	+1.7%	+1.4%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.	$7.9B	+6.1%	+1.8%

Actual vs Estimate

A Dec 31Q Sep 30

Metric	Annual (A vs E)	Annual Surprise	Quarter (A vs E)	Quarter Surprise
EPS Surprise	11.18 vs 11.20	-0.1%	1.78 vs 2.63	-32.4%
Revenue Surprise	$7.2B vs $7.2B	-0.4%	$1.9B vs $1.8B	+2.5%

Insider Transactions of INGR

Acquisitions (A)

Since Jul 1, 2026

Disposals (D)

Since Jul 1, 2026

Monthly shares of acquisitions/disposals with close price trend (shared daily price source)

Insider Trading Snapshot

Date	Executive	Title	Security	Side	Shares	Price
Aug 31, 2026	Seip David Eric	officer: SVP, Global Ops and CSCO	Phantom Stock	A	17	—
Aug 31, 2026	Leonard Michael J	officer: SVP, CIO & Head of Prot. Fort.	Phantom Stock	A	33	—
Aug 14, 2026	Seip David Eric	officer: SVP, Global Ops and CSCO	Phantom Stock	A	17	—
Aug 14, 2026	Leonard Michael J	officer: SVP, CIO & Head of Prot. Fort.	Phantom Stock	A	32	—
Aug 5, 2026	Fischer David B	director	Common Stock	D	1,662	$102.31

Earnings Call Transcript of INGR

1 transcript segments

Q2 2026

Unknown Speaker

Operator: Good day, and thank you for standing by. Welcome to Ingredion's Second Quarter 2026 Earnings Call. [Operator Instructions]. Please be advised that today's conference is being recorded. I'd now like to hand the conference over to Noah Weiss, Vice President of Investor Relations. Please go ahead. Noah Weiss: Good morning, and welcome to Ingredion's Second Quarter 2026 Earnings Call. I'm Noah Weiss, Vice President of Investor Relations. Joining me on today's call are Jim Zallie, our Chairman, President and CEO; and Jason Payant, our Vice President and Interim CFO. The press release issued this morning, along with the presentation we will reference during today's call, is available on ingredion.com in the Investors section. As a reminder, our comments within this presentation may contain forward-looking statements. These statements are subject to various risks and uncertainties and include expectations and assumptions regarding the company's future operations and financial performance. Actual results could differ materially from those estimated in the forward-looking statements, and Ingredion assumes no obligation to update them in the future as or if circumstances change. Additional information concerning factors that could cause actual results to differ materially from those discussed during today's conference call or in this morning's press release can be found in the company's most recently filed annual report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. During the call, we also refer to certain non-GAAP financial measures, including adjusted earnings per share, adjusted operating income and adjusted effective tax rate, which are reconciled to U.S. GAAP measures in Note 2, non-GAAP information included in our press release and in today's presentation appendix. As part of our prepared remarks, we will touch on the announced acquisition of Tate & Lyle and the progress we have made since announcing the transaction. That said, given where we are in the process, we are limited in what we can disclose and cannot speculate on potential outcomes, timing, integration matters or other transaction-related topics beyond information already in the public domain. We appreciate your understanding and ask that questions today be focused on our operating results and outlook. With that, I will turn the call over to Jim. James Zallie: Thank you, Noah, and good morning, everyone. Ingredion delivered a second quarter performance, which was in line with expectations, led by continued momentum in Texture & Healthful Solutions, with net sales increasing 1% to $1.85 billion. Adjusted operating income was $258 million, down 5% from the prior year. Results were impacted by softer production and demand in our Food & Industrial Ingredients U.S./Canada segment and continued macroeconomic pressures in Mexico. At the same time, performance across the rest of the portfolio was strong as we delivered the second highest quarterly operating income ever in …

Leadership Team of INGR

10 executives

Name	Title	Compensation	Gender	Year Born	Status
James Zallie	Chairman, President & CEO	USD 3,757,664	Male	1961	Active
Rob Ritchie	Executive Vice President of Food & Industrial Ingredients of LATAM, US/Canada and Sugar Reduction	USD 1,204,913	Male	1970	Active
Eric Seip	Senior Vice President of Global Operations & Chief Supply Chain Officer	USD 1,161,019	Male	1968	Active
Nancy Wolfe	Senior Vice President & Chief Human Resources Officer	USD 1,139,570	Female	1970	Active
Tanya Jaeger de Foras	Senior Vice President, Chief Legal Officer, Corporate Secretary & Chief Compliance Officer	USD 1,128,808	Female	1971	Active
Robert O. Border	Vice President and Chief Digital & Information Officer	—	Male	1964	Active
Valdirene Evans	Senior Vice President & President of Global Texture Solutions	—	Female	1969	Active
Jason Payant	Interim CFO and VP of Finance, Global Texture & Healthful Solutions	—	Male	1971	Active
Larry Fernandes	Senior Vice President and Chief Commercial & Sustainability Officer	—	Male	1965	Active
Mark A. Karns	Vice President of Corporate Development and M&A	—	Male	1980	Active

Recent News of INGR

Zacks Investment Research8/11/2026Neutral

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AgTech and food innovation reshape agriculture and nutrition, putting ADM, DAR and BG firmly in focus.

Zacks Investment Research8/5/2026Neutral

Ingredion Q2 Earnings Beat Estimates on T&HS Volume Growth

Ingredion beats Q2 estimates as 7% Texture & Healthful Solutions volume growth and FX gains offset Argo issues and higher costs.

Defense World8/5/2026Neutral

Amundi Boosts Stake in Ingredion Incorporated $INGR

Amundi grew its holdings in shares of Ingredion Incorporated (NYSE: INGR) by 19.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 142,282 shares of the company's stock after acquiring an additional 23,122 shares during the quarter. Amundi owned

Defense World8/5/2026Neutral

Ingredion Incorporated $INGR Shares Purchased by California State Teachers Retirement System

California State Teachers Retirement System raised its position in Ingredion Incorporated (NYSE: INGR) by 27.0% during the undefined quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 76,804 shares of the company's stock after purchasing an additional 16,333 shares during the quarter. California State Teachers

Defense World8/5/2026Neutral

Ingredion Q2 Earnings Call Highlights

Ingredion (NYSE: INGR) reported second-quarter 2026 results that were in line with its expectations, as continued growth in Texture and Healthful Solutions offset operational and macroeconomic pressures in other parts of the portfolio. Second-quarter net sales increased 1% year over year to $1.85 billion. Reported operating income was $188 million, while adjusted operating income declined 5%

Historical Employee Count of INGR

Current

11,200

Change

+0.00%

Minimum

11,200

Maximum

12,000

Recent Filings

Report Date	Employees	Form Type	Filing Date	SEC Filing
Dec 31, 2025	11,200	10-K	Feb 17, 2026	View
Dec 31, 2024	11,200	10-K	Feb 20, 2025	View
Dec 31, 2023	11,600	10-K	Feb 21, 2024	View
Dec 31, 2022	11,700	10-K	Feb 21, 2023	View
Dec 31, 2021	12,000	10-K	Feb 22, 2022	View

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Ingredion Incorporated