Ingredion Inc
Business
Ingredion Incorporated transforms grains, fruits, vegetables and plant-based materials into value-added starches, sweeteners, and specialty ingredients for food, beverage, animal nutrition, brewing and industrial markets. Primary products include food-grade and industrial starches, glucose syrups, high fructose corn syrup, dextrose, polyols, caramel color and pulse-based protein ingredients derived mainly from corn, tapioca, potatoes and peas. The company operates three reportable segments serving global and regional markets through a network of manufacturing facilities.
Summary from 10-K filed 2026-02-17
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net sales | 7,219 | 7,430 | 8,160 | 7,946 | 6,894 | |
| Cost of sales | 5,391 | 5,639 | 6,411 | 6,452 | 5,563 | |
| Gross profit | 1,828 | 1,791 | 1,749 | 1,494 | 1,331 | |
| Operating expenses | 815 | 782 | 789 | 715 | 668 | |
| Other operating (income), net | −24 | −1 | −8 | 13 | −34 | |
| Restructuring/impairment charges | 21 | 127 | 11 | 4 | 387 | |
| Operating income | 1,016 | 883 | 957 | 762 | 310 | |
| Financing costs | 37 | 39 | 114 | 99 | 74 | |
| Net (gain) on sale of business | 0 | −90 | 0 | 0 | — | |
| Other non-operating expense | 5 | 3 | 4 | −5 | −12 | |
| Income before income taxes | 974 | 931 | 839 | 668 | 248 | |
| Provision for income taxes | 238 | 277 | 188 | 166 | 123 | |
| Net income | 736 | 654 | 651 | 502 | 125 | |
| Less: Net income attributable to non-controlling interests | 7 | 7 | 8 | 10 | 8 | |
| Net income attributable to Ingredion | 729 | 647 | 643 | 492 | 117 | |
| Basic (in shares) | 64 | 66 | 66 | 66 | 67 | |
| Diluted (in shares) | 65 | 67 | 67 | 67 | 68 | |
| Basic (in dollars per share) | 11.36 | 9.88 | 9.74 | 7.43 | 1.74 | |
| Diluted (in dollars per share) | 11.18 | 9.71 | 9.6 | 7.34 | 1.73 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 1,030 | 997 | 401 | 236 | 328 | |
| Short-term investments | 3 | 11 | 8 | 3 | 4 | |
| Accounts receivable, net | 1,185 | 1,093 | — | — | — | |
| Inventories | 1,227 | 1,187 | 1,450 | 1,597 | 1,172 | |
| Prepaid expenses and assets held for sale | 60 | 67 | 261 | 62 | — | |
| Total current assets | 3,505 | 3,355 | 3,399 | 3,309 | 2,697 | |
| Property, plant and equipment, net | 2,526 | 2,264 | 2,370 | 2,407 | 2,423 | |
| Intangible assets, net | 1,269 | 1,264 | 1,303 | 1,301 | 1,348 | |
| Other non-current assets | 597 | 561 | 570 | 544 | 531 | |
| Total assets | 7,897 | 7,444 | 7,642 | 7,561 | 6,999 | |
| Short-term borrowings | 48 | 44 | 448 | 543 | 308 | |
| Accounts payable | 693 | 604 | 778 | 873 | 774 | |
| Accrued liabilities and liabilities held for sale | 575 | 633 | 546 | 466 | — | |
| Total current liabilities | 1,316 | 1,281 | 1,772 | 1,882 | 1,512 | |
| Long-term debt | 1,742 | 1,787 | 1,740 | 1,940 | 1,738 | |
| Other non-current liabilities | 473 | 486 | 480 | 477 | 524 | |
| Total liabilities | 3,531 | 3,554 | 3,992 | 4,299 | 3,774 | |
| Share-based payments subject to redemption | 64 | 60 | 55 | 48 | 36 | |
| Redeemable non-controlling interests | 7 | 7 | 43 | 51 | 71 | |
| Preferred stock authorized 25.0 shares $0.01 par value, none issued | 0 | 0 | 0 | 0 | 0 | |
| Common stock authorized 200.0 shares $0.01 par value, 77.8 issued at December 31, 2025 and 2024 | 1 | 1 | 1 | 1 | 1 | |
| Additional paid-in capital | 1,155 | 1,152 | 1,146 | 1,132 | 1,158 | |
| Less: Treasury stock (common stock: 14.8 and 13.3 shares at December 31, 2025 and 2024) at cost | −1,555 | −1,355 | −1,207 | −1,148 | −1,061 | |
| Accumulated other comprehensive loss | −937 | −1,086 | −1,056 | −1,048 | −897 | |
| Retained earnings | 5,610 | 5,092 | 4,654 | 4,210 | 3,899 | |
| Total Ingredion stockholders equity | 4,274 | 3,804 | 3,538 | 3,147 | 3,100 | |
| Non-redeemable non-controlling interests | 21 | 19 | 14 | 16 | 18 | |
| Total stockholders equity | 4,295 | 3,823 | 3,552 | 3,163 | 3,118 | |
| Total liabilities and stockholders equity | 7,897 | 7,444 | 7,642 | 7,561 | 6,999 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 222 | 214 | 219 | 215 | 220 | |
| Mechanical stores expense | 67 | 62 | 62 | 55 | 55 | |
| Deferred income taxes | 6 | −15 | −6 | −3 | −61 | |
| Impairment charges | 10 | 109 | 10 | — | — | |
| Other non-cash charges | 43 | 32 | 59 | 57 | 8 | |
| Accounts receivable and prepaid expenses | −51 | 148 | 77 | −310 | −162 | |
| Inventories | 3 | 228 | 69 | −468 | −312 | |
| Accounts payable and accrued liabilities | −27 | 20 | −79 | 158 | 226 | |
| Margin accounts | 2 | 21 | 10 | −44 | −32 | |
| Other | −67 | 53 | −15 | −10 | −15 | |
| Cash provided by operating activities | 944 | 1,436 | 1,057 | 152 | 392 | |
| Capital expenditures and mechanical stores purchases, net | −433 | −295 | −314 | −300 | −300 | |
| Proceeds from sale of business | 12 | 255 | 0 | 0 | — | |
| Purchases of equity securities, net | −20 | −4 | −9 | — | — | |
| Other | −3 | −3 | −6 | 2 | −13 | |
| Cash used for investing activities | −444 | −47 | −329 | −320 | −335 | |
| Proceeds from borrowings | 405 | 773 | 720 | 825 | 1,300 | |
| Payments on debt | −449 | −791 | −949 | −532 | −1,690 | |
| Commercial paper repayments, net | 0 | −327 | −63 | 140 | 250 | |
| Repurchases of common stock, net | −224 | −216 | −101 | −112 | −68 | |
| Common stock activity for share-based compensation, net | −12 | 46 | 20 | — | — | |
| Purchases of non-controlling interests | 0 | −40 | −2 | −46 | 0 | |
| Dividends paid, including to non-controlling interests | −211 | −210 | −194 | −181 | −184 | |
| Cash used for financing activities | −491 | −765 | −569 | 103 | −373 | |
| Effects of foreign exchange rate changes on cash and cash equivalents | 24 | −28 | 6 | −27 | −21 | |
| Increase in cash and cash equivalents | 33 | 596 | 165 | −92 | −337 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Ingredion Inc's CIK number?
Ingredion Inc's SEC CIK number is 0001046257 (1046257). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Ingredion Inc's SEC filings?
All of Ingredion Inc's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Ingredion Inc last report earnings?
Ingredion Inc (INGR) most recently filed an earnings 8-K with the SEC on May 5, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-030098). This is Ingredion Inc's most recent earnings filing of record — not a forecast of its next earnings date.
What is Ingredion Inc's most recent earnings 8-K?
Ingredion Inc's latest earnings 8-K (Item 2.02) was filed May 5, 2026 under accession 0001628280-26-030098. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Ingredion Inc's latest earnings 8-K →
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