Ingredion (INGR) Financials

$138.43 -2.52 (-1.79%)

Closing price 03:59 PM Eastern

Extended Trading

$138.34 -0.09 (-0.06%)

As of 04:34 PM Eastern

Annual Income Statements for Ingredion

This table shows Ingredion's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	647	643	492	117	348	413	443	519	485	402
Consolidated Net Income / (Loss)	654	651	502	125	354	424	454	532	496	412
Net Income / (Loss) Continuing Operations	654	651	502	125	354	424	454	532	496	412
Total Pre-Tax Income	931	839	668	248	506	582	621	769	742	599
Total Operating Income	883	957	762	310	582	664	703	836	806	660
Total Gross Profit	1,791	1,749	1,494	1,331	1,272	1,312	1,368	1,472	1,401	1,242
Total Revenue	7,430	8,160	7,946	6,894	5,987	6,209	6,289	6,244	5,704	5,621
Operating Revenue	7,430	8,160	7,946	6,894	5,987	6,209	6,289	6,244	5,704	5,621
Total Cost of Revenue	5,639	6,411	6,452	5,563	4,715	4,897	4,921	4,772	4,303	4,379
Operating Cost of Revenue	5,639	6,411	6,452	5,563	4,715	4,897	4,921	4,772	4,303	4,379
Total Operating Expenses	908	792	732	1,021	690	648	665	636	595	582
Selling, General & Admin Expense	782	789	715	668	628	610	611	616	-	-
Other Operating Expenses / (Income)	-1.00	-8.00	13	-34	-31	-19	-10	-18	-4.00	-1.00
Restructuring Charge	127	11	4.00	387	93	57	64	38	599	583
Total Other Income / (Expense), net	48	-118	-94	-62	-76	-82	-82	-67	-64	-61
Interest Expense	39	114	99	74	81	81	86	73	66	61
Other Income / (Expense), net	87	-4.00	5.00	12	5.00	-1.00	4.00	6.00	2.00	-
Income Tax Expense	277	188	166	123	152	158	167	237	246	187
Net Income / (Loss) Attributable to Noncontrolling Interest	7.00	8.00	10	8.00	6.00	11	11	13	11	10
Basic Earnings per Share	$9.88	$9.74	$7.43	$1.74	$5.18	$6.17	$6.25	$7.21	$6.70	$5.62
Weighted Average Basic Shares Outstanding	65.50M	66M	66.20M	67.10M	67.20M	66.90M	70.90M	72M	72.30M	71.60M
Diluted Earnings per Share	$9.71	$9.60	$7.34	$1.73	$5.15	$6.13	$6.17	$7.06	$6.55	$5.51
Weighted Average Diluted Shares Outstanding	66.60M	67M	67M	67.80M	67.60M	67.40M	71.80M	73.50M	74.10M	73M
Weighted Average Basic & Diluted Shares Outstanding	64.19M	65.56M	65.95M	66.71M	67.11M	66.88M	70.90M	72M	72.40M	71.50M
Cash Dividends to Common per Share	$3.16	$2.98	$2.72	$2.58	$2.54	$2.51	$2.45	$2.20	$1.90	-

This table shows Ingredion's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	95	188	148	216	131	158	163	191	114	106
Consolidated Net Income / (Loss)	97	189	150	218	133	160	164	194	115	109
Net Income / (Loss) Continuing Operations	97	189	150	218	133	160	164	194	115	109
Total Pre-Tax Income	152	273	230	276	176	185	219	259	124	161
Total Operating Income	162	268	240	213	202	213	251	291	157	182
Total Gross Profit	449	479	446	417	400	421	441	487	351	374
Total Revenue	1,800	1,870	1,878	1,882	1,921	2,033	2,069	2,137	1,987	2,023
Operating Revenue	1,800	1,870	1,878	1,882	1,921	2,033	2,069	2,137	1,987	2,023
Total Cost of Revenue	1,351	1,391	1,432	1,465	1,521	1,612	1,628	1,650	1,636	1,649
Operating Cost of Revenue	1,351	1,391	1,432	1,465	1,521	1,612	1,628	1,650	1,636	1,649
Total Operating Expenses	287	211	206	204	198	208	190	196	194	192
Selling, General & Admin Expense	204	198	191	189	211	203	188	187	187	180
Other Operating Expenses / (Income)	-6.00	1.00	-8.00	12	-14	-5.00	2.00	9.00	9.00	10
Restructuring Charge	89	12	23	3.00	1.00	10	0.00	0.00	-2.00	2.00
Total Other Income / (Expense), net	-10	5.00	-10	63	-26	-28	-32	-32	-33	-21
Interest Expense	9.00	1.00	10	19	26	26	30	32	34	24
Other Income / (Expense), net	-1.00	6.00	0.00	82	-	-2.00	-2.00	0.00	1.00	3.00
Income Tax Expense	55	84	80	58	43	25	55	65	9.00	52
Net Income / (Loss) Attributable to Noncontrolling Interest	2.00	1.00	2.00	2.00	2.00	2.00	1.00	3.00	1.00	3.00
Basic Earnings per Share	$1.46	$2.88	$2.25	$3.29	$2.00	$2.39	$2.46	$2.89	$1.74	$1.61
Weighted Average Basic Shares Outstanding	65.50M	65.30M	65.70M	65.70M	66M	66M	66.30M	66.10M	66.20M	65.80M
Diluted Earnings per Share	$1.43	$2.83	$2.22	$3.23	$1.97	$2.36	$2.42	$2.85	$1.71	$1.59
Weighted Average Diluted Shares Outstanding	66.60M	66.50M	66.80M	66.80M	67M	67M	67.30M	67.10M	67M	66.60M
Weighted Average Basic & Diluted Shares Outstanding	64.19M	65.16M	65.06M	65.65M	65.56M	65.19M	66.14M	66.02M	65.95M	65.56M

This table details how cash moves in and out of Ingredion's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	596	165	-92	-337	401	-63	-247	83	82	-146
Net Cash From Operating Activities	1,436	1,057	152	392	829	680	703	769	771	686
Net Cash From Continuing Operating Activities	1,436	1,057	152	392	829	680	703	769	771	686
Net Income / (Loss) Continuing Operations	654	651	502	125	354	424	454	532	496	412
Consolidated Net Income / (Loss)	654	651	502	125	354	424	454	532	496	412
Depreciation Expense	214	219	215	220	213	220	247	209	196	194
Non-Cash Adjustments To Reconcile Net Income	113	131	112	403	159	90	96	105	101	106
Changes in Operating Assets and Liabilities, net	455	56	-677	-356	103	-54	-94	-77	-22	-26
Net Cash From Investing Activities	-47	-329	-320	-335	-571	-374	-361	-326	-689	-649
Net Cash From Continuing Investing Activities	-47	-329	-320	-335	-571	-374	-361	-326	-689	-649
Purchase of Property, Plant & Equipment	-301	-316	-300	-300	-340	-328	-350	-314	-284	-280
Acquisitions	0.00	0.00	-29	-40	-236	-42	0.00	-17	-407	-434
Sale of Property, Plant & Equipment	6.00	2.00	7.00	18	7.00	2.00	1.00	8.00	3.00	38
Divestitures	255	0.00	0.00	-	-	-	-	-	-	-
Other Investing Activities, net	-7.00	-15	2.00	-13	-2.00	-6.00	2.00	-	-	-
Net Cash From Financing Activities	-765	-569	103	-373	143	-364	-589	-375	0.00	-116
Net Cash From Continuing Financing Activities	-765	-569	103	-373	143	-364	-589	-375	0.00	-116
Repayment of Debt	-1,118	-1,012	-532	-1,440	-1,233	-1,465	-738	-1,240	-	-1,366
Repurchase of Common Equity	-256	-103	-158	-68	0.00	66	-657	-123	-8.00	-41
Payment of Dividends	-210	-194	-181	-184	-178	-174	-182	-165	141	-126
Issuance of Debt	773	720	965	1,300	1,550	1,209	987	1,144	1,880	1,388
Issuance of Common Equity	46	20	9.00	19	4.00	-	1.00	9.00	29	21
Effect of Exchange Rate Changes	-28	6.00	-27	-21	0.00	-	-	-	-	-67

This table details how cash moves in and out of Ingredion's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	120	372	67	37	66	78	41	-20	-58	-24
Net Cash From Operating Activities	436	479	312	209	410	368	330	-51	72	84
Net Cash From Continuing Operating Activities	436	479	312	209	410	368	330	-51	72	84
Net Income / (Loss) Continuing Operations	97	189	150	218	133	160	164	194	115	109
Consolidated Net Income / (Loss)	97	189	150	218	133	160	164	194	115	109
Depreciation Expense	54	53	54	53	54	56	55	54	55	53
Non-Cash Adjustments To Reconcile Net Income	106	6.00	37	-36	31	40	22	38	29	33
Changes in Operating Assets and Liabilities, net	179	231	71	-26	192	112	89	-337	-127	-111
Net Cash From Investing Activities	-126	-46	-56	181	-87	-82	-79	-81	-118	-66
Net Cash From Continuing Investing Activities	-126	-46	-56	181	-87	-82	-79	-81	-118	-66
Purchase of Property, Plant & Equipment	-131	-50	-55	-65	-83	-79	-78	-76	-97	-59
Sale of Property, Plant & Equipment	6.00	-	-	0.00	-	1.00	-	1.00	-	-
Other Investing Activities, net	-1.00	-4.00	-1.00	-1.00	-4.00	-4.00	-1.00	-6.00	1.00	-
Net Cash From Financing Activities	-164	-75	-179	-347	-268	-204	-210	113	-19	-23
Net Cash From Continuing Financing Activities	-164	-75	-179	-347	-268	-204	-210	113	-19	-23
Repayment of Debt	-252	-563	143	-446	-303	-199	-350	-160	-190	-461
Repurchase of Common Equity	-129	-21	-105	-1.00	-	-103	-	0.00	-6.00	-42
Payment of Dividends	-54	-52	-53	-51	-51	-48	-48	-47	-48	-43
Issuance of Debt	246	551	-173	149	84	143	175	318	217	521
Issuance of Common Equity	25	10	9.00	2.00	2.00	3.00	13	2.00	8.00	2.00
Effect of Exchange Rate Changes	-26	14	-10	-6.00	11	-4.00	-	-1.00	7.00	-19

This table presents Ingredion's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	7,444	7,642	7,561	6,999	6,858	6,040	5,728	6,080	5,782	5,074
Total Current Assets	3,355	3,399	3,309	2,697	2,647	2,160	2,138	2,415	2,252	1,950
Cash & Equivalents	997	401	236	328	665	264	327	595	512	434
Short-Term Investments	11	8.00	3.00	4.00	0.00	4.00	7.00	9.00	4.00	6.00
Accounts Receivable	1,093	1,279	1,411	1,130	1,011	977	951	961	923	775
Inventories, net	1,187	1,450	1,597	1,172	917	861	824	823	789	715
Prepaid Expenses	67	261	62	63	54	54	29	27	24	20
Plant, Property, & Equipment, net	2,264	2,370	2,407	2,423	2,455	2,306	2,198	2,217	2,116	1,989
Total Noncurrent Assets	1,825	1,873	1,845	1,879	1,756	1,574	1,392	1,448	1,414	1,135
Goodwill	1,264	1,303	1,301	1,348	1,346	801	791	803	784	601
Other Noncurrent Operating Assets	561	570	544	531	410	323	131	143	121	117
Total Liabilities & Shareholders' Equity	7,444	7,642	7,561	6,999	6,858	6,040	5,728	6,080	5,782	5,074
Total Liabilities	3,554	3,992	4,299	3,774	3,786	3,268	3,283	3,127	3,157	2,894
Total Current Liabilities	1,281	1,772	1,882	1,512	1,458	967	946	957	978	742
Short-Term Debt	44	448	543	308	438	82	169	120	106	19
Accounts Payable	604	778	873	774	599	504	452	493	440	423
Other Current Liabilities	633	546	466	-	-	-	-	-	-	-
Total Noncurrent Liabilities	2,273	2,220	2,417	2,262	2,328	2,301	2,337	2,170	2,179	2,152
Long-Term Debt	2,273	2,220	2,417	2,262	2,328	1,766	1,931	1,971	2,008	1,989
Redeemable Noncontrolling Interest	67	98	99	107	100	31	37	36	30	-
Total Equity & Noncontrolling Interests	3,823	3,552	3,163	3,118	2,972	2,741	2,408	2,917	2,595	2,180
Total Preferred & Common Equity	3,804	3,538	3,147	3,100	2,951	2,720	2,388	2,891	2,565	2,144
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	3,804	3,538	3,147	3,100	2,951	2,720	2,388	2,891	2,565	2,144
Common Stock	1,153	1,147	1,133	1,159	1,151	1,138	1,097	1,139	1,150	1,161
Retained Earnings	5,092	4,654	4,210	3,899	3,957	3,780	3,536	3,259	2,899	2,552
Accumulated Other Comprehensive Income / (Loss)	-1,086	-1,056	-1,048	-897	-1,133	-1,158	-1,154	-1,013	-1,071	-1,102
Other Equity Adjustments	-1,355	-1,207	-	-1,061	-	-1,040	-1,091	-494	-413	-467
Noncontrolling Interest	19	14	16	18	21	21	20	26	30	36

This table presents Ingredion's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	7,525	7,221	7,319	7,549	7,600	7,645	7,403
Total Current Assets	3,351	3,099	3,125	3,289	3,311	3,402	3,268
Cash & Equivalents	877	505	438	335	257	216	294
Short-Term Investments	7.00	5.00	7.00	6.00	6.00	5.00	4.00
Accounts Receivable	1,173	1,286	1,284	1,380	1,366	1,455	1,406
Inventories, net	1,234	1,244	1,344	1,502	1,618	1,663	1,500
Prepaid Expenses	60	59	52	66	64	63	64
Plant, Property, & Equipment, net	2,332	2,291	2,334	2,401	2,414	2,397	2,308
Total Noncurrent Assets	1,842	1,831	1,860	1,859	1,875	1,846	1,827
Goodwill	1,295	1,275	1,286	1,296	1,311	1,297	1,286
Other Noncurrent Operating Assets	547	556	574	563	564	549	541
Total Liabilities & Shareholders' Equity	7,525	7,221	7,319	7,549	7,600	7,645	7,403
Total Liabilities	3,495	3,442	3,494	4,082	4,125	4,280	4,224
Total Current Liabilities	1,255	1,230	1,283	1,668	1,720	1,892	1,949
Short-Term Debt	99	109	141	466	522	701	709
Accounts Payable	604	606	659	1,202	1,198	1,191	1,240
Other Current Liabilities	552	515	483	-	-	-	-
Total Noncurrent Liabilities	2,240	2,212	2,211	2,414	2,405	2,388	2,275
Long-Term Debt	2,240	2,212	2,211	2,414	2,405	2,388	2,275
Redeemable Noncontrolling Interest	61	57	85	90	86	89	99
Total Equity & Noncontrolling Interests	3,969	3,722	3,740	3,377	3,389	3,276	3,080
Total Preferred & Common Equity	3,950	3,705	3,724	3,364	3,377	3,263	3,066
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	3,950	3,705	3,724	3,364	3,377	3,263	3,066
Common Stock	1,146	1,142	1,147	1,144	1,143	1,134	1,134
Retained Earnings	5,049	4,914	4,818	4,575	4,469	4,354	4,143
Accumulated Other Comprehensive Income / (Loss)	-1,000	-1,118	-1,062	-1,144	-1,119	-1,098	-1,052
Other Equity Adjustments	-1,245	-	-1,179	-1,211	-1,116	-	-1,159
Noncontrolling Interest	19	17	16	13	12	13	14

This table displays calculated financial ratios and metrics derived from Ingredion's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-8.95%	2.69%	15.26%	15.15%	-3.58%	-1.27%	0.72%	9.47%	1.48%	-0.83%
EBITDA Growth	1.02%	19.35%	81.18%	-32.25%	-9.40%	-7.44%	-9.23%	4.68%	17.56%	10.05%
EBIT Growth	1.78%	24.25%	138.20%	-45.14%	-11.46%	-6.22%	-16.03%	4.21%	22.42%	13.60%
NOPAT Growth	-16.47%	29.67%	266.49%	-61.63%	-15.83%	-5.88%	-11.14%	7.34%	18.69%	11.93%
Net Income Growth	0.46%	29.68%	301.60%	-64.69%	-16.51%	-6.61%	-14.66%	7.26%	20.39%	13.50%
EPS Growth	1.15%	30.79%	324.28%	-66.41%	-15.99%	-0.65%	-12.61%	7.79%	18.87%	16.24%
Operating Cash Flow Growth	35.86%	595.39%	-61.22%	-52.71%	21.91%	-3.27%	-8.58%	-0.26%	12.39%	-6.16%
Free Cash Flow Firm Growth	62.91%	1,451.19%	139.36%	67.68%	-220.74%	-53.87%	105.60%	466.54%	-76.97%	-43.31%
Invested Capital Growth	-12.02%	-1.24%	9.52%	5.61%	18.86%	3.35%	-5.16%	5.14%	12.67%	4.96%
Revenue Q/Q Growth	-1.60%	-0.80%	3.01%	2.41%	0.74%	-4.97%	0.40%	7.75%	-0.09%	2.09%
EBITDA Q/Q Growth	-3.35%	3.81%	5.82%	-10.12%	-1.11%	1.61%	-3.83%	2.34%	1.83%	6.88%
EBIT Q/Q Growth	-4.06%	4.84%	9.10%	-18.07%	-0.34%	1.69%	-5.86%	2.56%	2.15%	8.91%
NOPAT Q/Q Growth	-6.99%	1.23%	13.29%	-26.95%	1.23%	3.47%	0.21%	0.85%	-2.14%	11.80%
Net Income Q/Q Growth	-5.22%	2.84%	10.33%	-27.75%	0.85%	3.92%	-1.30%	1.14%	-1.98%	12.02%
EPS Q/Q Growth	-5.27%	2.78%	10.38%	-28.22%	1.58%	4.07%	0.65%	1.00%	-2.09%	11.76%
Operating Cash Flow Q/Q Growth	1.84%	47.01%	-28.64%	-25.48%	10.24%	10.75%	-14.68%	2.12%	3.21%	-8.53%
Free Cash Flow Firm Q/Q Growth	11.99%	37.81%	111.74%	33.82%	-325.87%	-37.29%	22.83%	14,557.88%	-88.29%	132.62%
Invested Capital Q/Q Growth	-5.21%	-1.62%	2.01%	11.24%	15.08%	1.78%	-3.31%	-0.16%	9.09%	-3.03%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	24.11%	21.43%	18.80%	19.31%	21.25%	21.13%	21.75%	23.57%	24.56%	22.10%
EBITDA Margin	15.94%	14.36%	12.36%	7.86%	13.36%	14.22%	15.17%	16.83%	17.60%	15.19%
Operating Margin	11.88%	11.73%	9.59%	4.50%	9.72%	10.69%	11.18%	13.39%	14.13%	11.74%
EBIT Margin	13.06%	11.68%	9.65%	4.67%	9.80%	10.68%	11.24%	13.48%	14.17%	11.74%
Profit (Net Income) Margin	8.80%	7.98%	6.32%	1.81%	5.91%	6.83%	7.22%	8.52%	8.70%	7.33%
Tax Burden Percent	70.25%	77.59%	75.15%	50.40%	69.96%	72.85%	73.11%	69.18%	66.85%	68.78%
Interest Burden Percent	95.98%	88.04%	87.09%	77.02%	86.20%	87.78%	87.84%	91.33%	91.83%	90.76%
Effective Tax Rate	29.75%	22.41%	24.85%	49.60%	30.04%	27.15%	26.89%	30.82%	33.15%	31.22%
Return on Invested Capital (ROIC)	11.17%	12.49%	10.01%	2.94%	8.55%	11.30%	11.88%	13.35%	13.52%	12.40%
ROIC Less NNEP Spread (ROIC-NNEP)	13.06%	8.81%	7.16%	1.50%	5.66%	7.73%	8.20%	10.35%	10.82%	9.54%
Return on Net Nonoperating Assets (RNNOA)	6.18%	6.35%	5.47%	1.03%	3.57%	4.96%	4.94%	5.72%	7.13%	6.38%
Return on Equity (ROE)	17.35%	18.84%	15.48%	3.97%	12.12%	16.25%	16.82%	19.07%	20.65%	18.78%
Cash Return on Invested Capital (CROIC)	23.95%	13.73%	0.92%	-2.52%	-8.69%	8.01%	17.18%	8.34%	1.60%	7.57%
Operating Return on Assets (OROA)	12.86%	12.54%	10.54%	4.65%	9.10%	11.27%	11.97%	14.20%	14.89%	12.99%
Return on Assets (ROA)	8.67%	8.56%	6.90%	1.80%	5.49%	7.21%	7.69%	8.97%	9.14%	8.11%
Return on Common Equity (ROCE)	16.89%	18.22%	14.90%	3.82%	11.76%	15.91%	16.45%	18.66%	20.23%	18.50%
Return on Equity Simple (ROE_SIMPLE)	17.19%	18.40%	15.95%	4.03%	12.00%	15.59%	19.01%	18.40%	19.34%	19.22%
Net Operating Profit after Tax (NOPAT)	620	743	573	156	407	484	514	578	539	454
NOPAT Margin	8.35%	9.10%	7.21%	2.27%	6.80%	7.79%	8.17%	9.26%	9.45%	8.08%
Net Nonoperating Expense Percent (NNEP)	-1.89%	3.68%	2.85%	1.44%	2.89%	3.57%	3.69%	3.00%	2.70%	2.86%
Return On Investment Capital (ROIC_SIMPLE)	10.10%	11.94%	9.35%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	75.90%	78.57%	81.20%	80.69%	78.75%	78.87%	78.25%	76.43%	75.44%	77.90%
SG&A Expenses to Revenue	10.52%	9.67%	9.00%	9.69%	10.49%	9.82%	9.72%	9.87%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	12.22%	9.71%	9.21%	14.81%	11.53%	10.44%	10.57%	10.19%	10.43%	10.35%
Earnings before Interest and Taxes (EBIT)	970	953	767	322	587	663	707	842	808	660
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,184	1,172	982	542	800	883	954	1,051	1,004	854
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.34	1.95	1.93	1.93	1.61	2.00	2.30	2.89	2.88	2.57
Price to Tangible Book Value (P/TBV)	3.51	3.09	3.29	3.41	2.97	3.66	4.83	5.23	5.77	4.86
Price to Revenue (P/Rev)	1.20	0.85	0.77	0.87	0.80	0.87	0.87	1.34	1.29	0.98
Price to Earnings (P/E)	13.77	10.73	12.36	51.09	13.69	13.14	12.39	16.07	15.22	13.70
Dividend Yield	2.30%	2.82%	2.93%	2.87%	3.57%	3.09%	3.15%	1.90%	1.86%	2.26%
Earnings Yield	7.26%	9.32%	8.09%	1.96%	7.31%	7.61%	8.07%	6.22%	6.57%	7.30%
Enterprise Value to Invested Capital (EV/IC)	1.98	1.57	1.49	1.53	1.35	1.62	1.74	2.23	2.14	1.90
Enterprise Value to Revenue (EV/Rev)	1.39	1.14	1.12	1.21	1.17	1.14	1.16	1.58	1.58	1.27
Enterprise Value to EBITDA (EV/EBITDA)	8.70	7.91	9.08	15.39	8.73	8.00	7.67	9.41	9.00	8.33
Enterprise Value to EBIT (EV/EBIT)	10.62	9.73	11.63	25.90	11.90	10.65	10.34	11.75	11.19	10.77
Enterprise Value to NOPAT (EV/NOPAT)	16.62	12.49	15.57	53.38	17.16	14.60	14.23	17.10	16.78	15.66
Enterprise Value to Operating Cash Flow (EV/OCF)	7.18	8.77	58.67	21.28	8.43	10.38	10.40	12.86	11.72	10.36
Enterprise Value to Free Cash Flow (EV/FCFF)	7.75	11.35	169.41	0.00	0.00	20.60	9.84	27.37	141.72	25.67
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.60	0.73	0.91	0.80	0.90	0.67	0.86	0.71	0.81	0.92
Long-Term Debt to Equity	0.58	0.61	0.74	0.70	0.76	0.64	0.79	0.67	0.77	0.91
Financial Leverage	0.47	0.72	0.76	0.69	0.63	0.64	0.60	0.55	0.66	0.67
Leverage Ratio	2.00	2.20	2.24	2.20	2.21	2.26	2.19	2.13	2.26	2.32
Compound Leverage Factor	1.92	1.94	1.95	1.69	1.90	1.98	1.92	1.94	2.07	2.10
Debt to Total Capital	37.33%	42.23%	47.57%	44.35%	47.38%	40.00%	46.20%	41.46%	44.61%	47.95%
Short-Term Debt to Total Capital	0.71%	7.09%	8.73%	5.31%	7.50%	1.77%	3.72%	2.38%	2.24%	0.45%
Long-Term Debt to Total Capital	36.62%	35.14%	38.85%	39.03%	39.88%	38.23%	42.49%	39.08%	42.37%	47.49%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.39%	1.77%	1.85%	2.16%	2.07%	1.13%	1.25%	1.23%	1.27%	0.86%
Common Equity to Total Capital	61.29%	56.00%	50.58%	53.49%	50.55%	58.87%	52.54%	57.32%	54.13%	51.19%
Debt to EBITDA	1.96	2.28	3.01	4.74	3.46	2.09	2.20	1.99	2.11	2.35
Net Debt to EBITDA	1.11	1.93	2.77	4.13	2.63	1.79	1.85	1.41	1.59	1.84
Long-Term Debt to EBITDA	1.92	1.89	2.46	4.17	2.91	2.00	2.02	1.88	2.00	2.33
Debt to NOPAT	3.74	3.59	5.17	16.45	6.79	3.82	4.09	3.62	3.92	4.42
Net Debt to NOPAT	2.11	3.04	4.75	14.32	5.16	3.27	3.44	2.57	2.97	3.45
Long-Term Debt to NOPAT	3.66	2.99	4.22	14.48	5.72	3.65	3.76	3.41	3.73	4.38
Altman Z-Score	4.22	3.62	3.24	3.07	2.93	3.50	3.62	4.12	3.82	3.67
Noncontrolling Interest Sharing Ratio	2.63%	3.28%	3.70%	3.91%	2.96%	2.09%	2.20%	2.19%	2.00%	1.50%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.62	1.92	1.76	1.78	1.82	2.23	2.26	2.52	2.30	2.63
Quick Ratio	1.64	0.95	0.88	0.97	1.15	1.29	1.36	1.64	1.47	1.64
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,330	817	53	-134	-414	343	743	361	64	277
Operating Cash Flow to CapEx	486.78%	336.62%	51.88%	139.01%	248.95%	208.59%	201.43%	251.31%	274.38%	283.47%
Free Cash Flow to Firm to Interest Expense	34.11	7.16	0.53	-1.81	-5.11	4.23	8.64	4.95	0.97	4.54
Operating Cash Flow to Interest Expense	36.82	9.27	1.54	5.30	10.23	8.40	8.17	10.53	11.68	11.25
Operating Cash Flow Less CapEx to Interest Expense	29.26	6.52	-1.42	1.49	6.12	4.37	4.12	6.34	7.42	7.28
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.99	1.07	1.09	1.00	0.93	1.06	1.07	1.05	1.05	1.11
Accounts Receivable Turnover	6.26	6.07	6.25	6.44	6.02	6.44	6.58	6.63	6.72	7.31
Inventory Turnover	4.28	4.21	4.66	5.33	5.30	5.81	5.98	5.92	5.72	6.19
Fixed Asset Turnover	3.21	3.42	3.29	2.83	2.52	2.76	2.85	2.88	2.78	2.77
Accounts Payable Turnover	8.16	7.77	7.83	8.10	8.55	10.24	10.41	10.23	9.97	10.27
Days Sales Outstanding (DSO)	58.26	60.16	58.36	56.68	60.60	56.67	55.48	55.07	54.33	49.90
Days Inventory Outstanding (DIO)	85.34	86.74	78.32	68.53	68.82	62.80	61.08	61.65	63.79	58.93
Days Payable Outstanding (DPO)	44.73	47.00	46.59	45.04	42.69	35.63	35.05	35.68	36.60	35.55
Cash Conversion Cycle (CCC)	98.88	99.90	90.10	80.17	86.73	83.84	81.52	81.03	81.51	73.28
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	5,199	5,909	5,983	5,463	5,173	4,352	4,211	4,440	4,223	3,748
Invested Capital Turnover	1.34	1.37	1.39	1.30	1.26	1.45	1.45	1.44	1.43	1.54
Increase / (Decrease) in Invested Capital	-710	-74	520	290	821	141	-229	217	475	177
Enterprise Value (EV)	10,306	9,271	8,918	8,341	6,985	7,060	7,314	9,891	9,039	7,110
Market Capitalization	8,911	6,900	6,082	5,978	4,763	5,428	5,491	8,342	7,381	5,506
Book Value per Share	$58.38	$54.27	$48.01	$46.59	$44.05	$40.74	$33.77	$40.23	$35.43	$29.97
Tangible Book Value per Share	$38.98	$34.28	$28.16	$26.33	$23.96	$22.20	$16.08	$22.19	$17.67	$15.84
Total Capital	6,207	6,318	6,222	5,795	5,838	4,620	4,545	5,044	4,739	4,188
Total Debt	2,317	2,668	2,960	2,570	2,766	1,848	2,100	2,091	2,114	2,008
Total Long-Term Debt	2,273	2,220	2,417	2,262	2,328	1,766	1,931	1,971	2,008	1,989
Net Debt	1,309	2,259	2,721	2,238	2,101	1,580	1,766	1,487	1,598	1,568
Capital Expenditures (CapEx)	295	314	293	282	333	326	349	306	281	242
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,110	1,666	1,731	1,161	962	1,007	1,027	974	864	787
Debt-free Net Working Capital (DFNWC)	2,118	2,075	1,970	1,493	1,627	1,275	1,361	1,578	1,380	1,227
Net Working Capital (NWC)	2,074	1,627	1,427	1,185	1,189	1,193	1,192	1,458	1,274	1,208
Net Nonoperating Expense (NNE)	-34	92	71	31	53	60	60	46	43	42
Net Nonoperating Obligations (NNO)	1,309	2,259	2,721	2,238	2,101	1,580	1,766	1,487	1,598	1,568
Total Depreciation and Amortization (D&A)	214	219	215	220	213	220	247	209	196	194
Debt-free, Cash-free Net Working Capital to Revenue	14.94%	20.42%	21.78%	16.84%	16.07%	16.22%	16.33%	15.60%	15.15%	14.00%
Debt-free Net Working Capital to Revenue	28.51%	25.43%	24.79%	21.66%	27.18%	20.53%	21.64%	25.27%	24.19%	21.83%
Net Working Capital to Revenue	27.91%	19.94%	17.96%	17.19%	19.86%	19.21%	18.95%	23.35%	22.34%	21.49%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$9.88	$9.74	$7.43	$1.74	$5.18	$6.17	$6.25	$7.21	$6.70	$5.62
Adjusted Weighted Average Basic Shares Outstanding	65.50M	66M	66.20M	67.10M	67.20M	66.90M	70.90M	72M	72.30M	71.60M
Adjusted Diluted Earnings per Share	$9.71	$9.60	$7.34	$1.73	$5.15	$6.13	$6.17	$7.06	$6.55	$5.51
Adjusted Weighted Average Diluted Shares Outstanding	66.60M	67M	67M	67.80M	67.60M	67.40M	71.80M	73.50M	74.10M	73M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	64.19M	65.56M	65.95M	66.71M	67.11M	66.88M	66.67M	72.24M	71.79M	71.89M
Normalized Net Operating Profit after Tax (NOPAT)	709	751	576	351	472	525	561	605	939	855
Normalized NOPAT Margin	9.55%	9.20%	7.24%	5.10%	7.89%	8.46%	8.92%	9.68%	16.47%	15.21%
Pre Tax Income Margin	12.53%	10.28%	8.41%	3.60%	8.45%	9.37%	9.87%	12.32%	13.01%	10.66%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	24.87	8.36	7.75	4.35	7.25	8.19	8.22	11.53	12.24	10.82
NOPAT to Interest Expense	15.90	6.51	5.78	2.11	5.03	5.97	5.98	7.92	8.16	7.44
EBIT Less CapEx to Interest Expense	17.31	5.61	4.79	0.54	3.14	4.16	4.16	7.34	7.98	6.85
NOPAT Less CapEx to Interest Expense	8.34	3.76	2.82	-1.70	0.92	1.95	1.92	3.73	3.91	3.47
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	32.11%	29.80%	36.06%	147.20%	50.28%	41.04%	40.09%	31.02%	-28.43%	30.58%
Augmented Payout Ratio	71.25%	45.62%	67.53%	201.60%	50.28%	25.47%	184.80%	54.14%	-26.81%	40.53%

This table displays calculated financial ratios and metrics derived from Ingredion's official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-6.30%	-8.02%	-9.23%	-11.93%	-3.32%	0.49%	1.22%	12.95%	13.22%	14.75%
EBITDA Growth	-16.02%	22.47%	-3.29%	0.87%	20.19%	12.18%	13.86%	30.68%	33.96%	5.78%
EBIT Growth	-20.30%	29.86%	-3.61%	1.37%	27.85%	14.05%	16.90%	37.91%	68.09%	6.94%
NOPAT Growth	-32.27%	0.72%	-16.73%	-22.82%	4.84%	49.51%	19.28%	45.94%	94.21%	-7.89%
Net Income Growth	-27.07%	18.13%	-8.54%	12.37%	15.65%	46.79%	13.10%	45.86%	69.12%	-8.40%
EPS Growth	-27.41%	19.92%	-8.26%	13.33%	15.20%	48.43%	14.15%	48.44%	67.65%	-9.14%
Operating Cash Flow Growth	6.34%	30.16%	-5.45%	509.80%	469.44%	338.10%	587.50%	1.92%	-45.86%	-35.38%
Free Cash Flow Firm Growth	258.87%	1,534.89%	1,015.83%	676.78%	160.54%	105.20%	90.22%	88.83%	-74.12%	-194.37%
Invested Capital Growth	-12.02%	-8.67%	-8.94%	-8.04%	-1.24%	2.40%	4.51%	5.66%	9.52%	19.43%
Revenue Q/Q Growth	-3.74%	-0.43%	-0.21%	-2.03%	-5.51%	-1.74%	-3.18%	7.55%	-1.78%	-1.03%
EBITDA Q/Q Growth	-34.25%	11.22%	-15.52%	35.94%	-4.12%	-12.17%	-11.88%	61.97%	-10.50%	-10.86%
EBIT Q/Q Growth	-41.24%	14.17%	-18.64%	46.04%	-4.27%	-15.26%	-14.43%	84.18%	-14.59%	-13.15%
NOPAT Q/Q Growth	-44.28%	18.54%	-6.96%	10.21%	-17.14%	-1.99%	-13.77%	49.70%	18.17%	-21.80%
Net Income Q/Q Growth	-48.68%	26.00%	-31.19%	63.91%	-16.88%	-2.44%	-15.46%	68.70%	5.50%	-24.83%
EPS Q/Q Growth	-49.47%	27.48%	-31.27%	63.96%	-16.53%	-2.48%	-15.09%	66.67%	7.55%	-25.00%
Operating Cash Flow Q/Q Growth	-8.98%	53.53%	49.28%	-49.02%	11.41%	11.52%	747.06%	-170.83%	-14.29%	75.00%
Free Cash Flow Firm Q/Q Growth	15.12%	0.14%	5.42%	195.28%	424.45%	156.10%	33.61%	69.01%	54.93%	-5.51%
Invested Capital Q/Q Growth	-5.21%	-1.88%	-2.48%	-3.00%	-1.62%	-2.17%	-1.51%	4.18%	2.01%	-0.15%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	24.94%	25.62%	23.75%	22.16%	20.82%	20.71%	21.31%	22.79%	17.66%	18.49%
EBITDA Margin	11.94%	17.49%	15.66%	18.49%	13.33%	13.13%	14.69%	16.14%	10.72%	11.76%
Operating Margin	9.00%	14.33%	12.78%	11.32%	10.52%	10.48%	12.13%	13.62%	7.90%	9.00%
EBIT Margin	8.94%	14.65%	12.78%	15.67%	10.52%	10.38%	12.03%	13.62%	7.95%	9.14%
Profit (Net Income) Margin	5.39%	10.11%	7.99%	11.58%	6.92%	7.87%	7.93%	9.08%	5.79%	5.39%
Tax Burden Percent	63.82%	69.23%	65.22%	78.99%	75.57%	86.49%	74.89%	74.90%	92.74%	67.70%
Interest Burden Percent	94.41%	99.64%	95.83%	93.56%	87.13%	87.68%	87.95%	89.00%	78.48%	87.03%
Effective Tax Rate	36.18%	30.77%	34.78%	21.01%	24.43%	13.51%	25.11%	25.10%	7.26%	32.30%
Return on Invested Capital (ROIC)	7.68%	13.04%	10.96%	11.81%	10.91%	12.56%	12.43%	13.77%	10.17%	8.72%
ROIC Less NNEP Spread (ROIC-NNEP)	7.33%	13.21%	10.67%	13.90%	10.12%	11.63%	11.52%	12.88%	8.94%	8.07%
Return on Net Nonoperating Assets (RNNOA)	3.47%	7.04%	6.58%	9.23%	7.29%	9.14%	9.00%	10.17%	6.83%	5.56%
Return on Equity (ROE)	11.15%	20.08%	17.55%	21.04%	18.19%	21.70%	21.43%	23.94%	17.01%	14.28%
Cash Return on Invested Capital (CROIC)	23.95%	20.68%	20.65%	19.96%	13.73%	9.98%	6.78%	5.07%	0.92%	-8.32%
Operating Return on Assets (OROA)	8.81%	14.68%	13.30%	16.56%	11.29%	11.42%	13.19%	14.79%	8.68%	9.81%
Return on Assets (ROA)	5.31%	10.13%	8.31%	12.24%	7.43%	8.66%	8.69%	9.86%	6.32%	5.78%
Return on Common Equity (ROCE)	10.86%	19.59%	17.13%	20.45%	17.60%	21.00%	20.73%	23.15%	16.38%	13.76%
Return on Equity Simple (ROE_SIMPLE)	0.00%	17.47%	17.84%	18.13%	0.00%	18.82%	17.23%	17.25%	0.00%	14.84%
Net Operating Profit after Tax (NOPAT)	103	186	157	168	153	184	188	218	146	123
NOPAT Margin	5.74%	9.92%	8.33%	8.94%	7.95%	9.06%	9.08%	10.20%	7.33%	6.09%
Net Nonoperating Expense Percent (NNEP)	0.36%	-0.17%	0.29%	-2.08%	0.79%	0.93%	0.91%	0.90%	1.23%	0.65%
Return On Investment Capital (ROIC_SIMPLE)	1.68%	-	-	-	2.45%	-	-	-	2.38%	-
Cost of Revenue to Revenue	75.06%	74.39%	76.25%	77.84%	79.18%	79.29%	78.69%	77.21%	82.34%	81.51%
SG&A Expenses to Revenue	11.33%	10.59%	10.17%	10.04%	10.98%	9.99%	9.09%	8.75%	9.41%	8.90%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	15.94%	11.28%	10.97%	10.84%	10.31%	10.23%	9.18%	9.17%	9.76%	9.49%
Earnings before Interest and Taxes (EBIT)	161	274	240	295	202	211	249	291	158	185
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	215	327	294	348	256	267	304	345	213	238
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.34	2.25	2.02	2.03	1.95	1.88	2.01	1.98	1.93	1.62
Price to Tangible Book Value (P/TBV)	3.51	3.35	3.08	3.10	3.09	3.06	3.29	3.29	3.29	2.80
Price to Revenue (P/Rev)	1.20	1.18	0.97	0.96	0.85	0.77	0.83	0.79	0.77	0.65
Price to Earnings (P/E)	13.77	13.02	11.45	11.33	10.73	10.12	11.84	11.71	12.36	11.19
Dividend Yield	2.30%	2.28%	2.68%	2.63%	2.82%	3.04%	2.76%	2.83%	2.93%	3.42%
Earnings Yield	7.26%	7.68%	8.73%	8.83%	9.32%	9.88%	8.44%	8.54%	8.09%	8.94%
Enterprise Value to Invested Capital (EV/IC)	1.98	1.90	1.68	1.67	1.57	1.50	1.56	1.52	1.49	1.33
Enterprise Value to Revenue (EV/Rev)	1.39	1.38	1.21	1.21	1.14	1.09	1.16	1.15	1.12	1.01
Enterprise Value to EBITDA (EV/EBITDA)	8.70	8.51	8.04	8.15	7.91	7.95	8.69	8.89	9.08	8.38
Enterprise Value to EBIT (EV/EBIT)	10.62	10.31	9.88	10.00	9.73	9.88	10.83	11.15	11.63	11.06
Enterprise Value to NOPAT (EV/NOPAT)	16.62	15.63	14.15	13.81	12.49	12.24	14.22	14.73	15.57	15.38
Enterprise Value to Operating Cash Flow (EV/OCF)	7.18	7.39	7.21	7.27	8.77	12.49	21.98	61.74	58.67	36.51
Enterprise Value to Free Cash Flow (EV/FCFF)	7.75	8.78	7.73	8.02	11.35	15.16	23.49	30.73	169.41	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.60	0.58	0.61	0.61	0.73	0.83	0.84	0.92	0.91	0.94
Long-Term Debt to Equity	0.58	0.56	0.59	0.58	0.61	0.70	0.69	0.71	0.74	0.72
Financial Leverage	0.47	0.53	0.62	0.66	0.72	0.79	0.78	0.79	0.76	0.69
Leverage Ratio	2.00	2.01	2.04	2.08	2.20	2.25	2.22	2.22	2.24	2.25
Compound Leverage Factor	1.89	2.00	1.96	1.95	1.92	1.97	1.96	1.98	1.76	1.96
Debt to Total Capital	37.33%	36.72%	38.05%	38.08%	42.23%	45.38%	45.72%	47.86%	47.57%	48.42%
Short-Term Debt to Total Capital	0.71%	1.55%	1.79%	2.28%	7.09%	7.34%	8.15%	10.86%	8.73%	11.50%
Long-Term Debt to Total Capital	36.62%	35.17%	36.26%	35.79%	35.14%	38.03%	37.57%	37.00%	38.85%	36.91%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.39%	1.26%	1.21%	1.64%	1.77%	1.62%	1.53%	1.58%	1.85%	1.83%
Common Equity to Total Capital	61.29%	62.02%	60.74%	60.29%	56.00%	53.00%	52.75%	50.56%	50.58%	49.75%
Debt to EBITDA	1.96	1.91	1.99	2.00	2.28	2.55	2.66	2.91	3.01	3.22
Net Debt to EBITDA	1.11	1.19	1.55	1.62	1.93	2.25	2.42	2.70	2.77	2.89
Long-Term Debt to EBITDA	1.92	1.83	1.90	1.88	1.89	2.14	2.19	2.25	2.46	2.45
Debt to NOPAT	3.74	3.51	3.51	3.39	3.59	3.93	4.36	4.82	5.17	5.90
Net Debt to NOPAT	2.11	2.18	2.74	2.75	3.04	3.46	3.96	4.47	4.75	5.31
Long-Term Debt to NOPAT	3.66	3.36	3.34	3.19	2.99	3.29	3.58	3.72	4.22	4.50
Altman Z-Score	3.87	3.92	3.74	3.74	3.30	3.22	3.25	3.14	2.97	2.83
Noncontrolling Interest Sharing Ratio	2.63%	2.44%	2.37%	2.82%	3.28%	3.25%	3.26%	3.29%	3.70%	3.64%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.62	2.67	2.52	2.44	1.92	1.97	1.93	1.80	1.76	1.68
Quick Ratio	1.64	1.64	1.46	1.35	0.95	1.03	0.95	0.89	0.88	0.87
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	813	707	706	669	227	43	-77	-116	-374	-831
Operating Cash Flow to CapEx	348.80%	958.00%	567.27%	321.54%	493.98%	471.79%	423.08%	-68.00%	74.23%	142.37%
Free Cash Flow to Firm to Interest Expense	90.38	706.54	70.55	35.22	8.72	1.66	-2.57	-3.63	-11.01	-34.62
Operating Cash Flow to Interest Expense	48.44	479.00	31.20	11.00	15.77	14.15	11.00	-1.59	2.12	3.50
Operating Cash Flow Less CapEx to Interest Expense	34.56	429.00	25.70	7.58	12.58	11.15	8.40	-3.94	-0.74	1.04
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.99	1.00	1.04	1.06	1.07	1.10	1.10	1.09	1.09	1.07
Accounts Receivable Turnover	6.26	5.92	5.82	5.77	6.07	5.91	5.95	5.68	6.25	6.09
Inventory Turnover	4.28	4.25	4.21	4.14	4.21	4.35	4.34	4.44	4.66	4.84
Fixed Asset Turnover	3.21	3.19	3.28	3.34	3.42	3.49	3.43	3.38	3.29	3.30
Accounts Payable Turnover	8.16	6.43	6.69	6.73	7.77	5.34	5.49	5.50	7.83	5.46
Days Sales Outstanding (DSO)	58.26	61.70	62.74	63.23	60.16	61.81	61.35	64.30	58.36	59.95
Days Inventory Outstanding (DIO)	85.34	85.96	86.62	88.14	86.74	83.95	84.01	82.23	78.32	75.34
Days Payable Outstanding (DPO)	44.73	56.74	54.60	54.23	47.00	68.29	66.49	66.42	46.59	66.80
Cash Conversion Cycle (CCC)	98.88	90.92	94.76	97.15	99.90	77.47	78.87	80.12	90.10	68.49
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	5,199	5,485	5,590	5,732	5,909	6,006	6,139	6,233	5,983	5,865
Invested Capital Turnover	1.34	1.31	1.32	1.32	1.37	1.39	1.37	1.35	1.39	1.43
Increase / (Decrease) in Invested Capital	-710	-521	-549	-501	-74	141	265	334	520	954
Enterprise Value (EV)	10,306	10,424	9,364	9,574	9,271	8,980	9,559	9,446	8,918	7,776
Market Capitalization	8,911	8,889	7,479	7,566	6,900	6,338	6,797	6,476	6,082	4,977
Book Value per Share	$58.38	$60.71	$56.44	$56.68	$54.27	$50.86	$51.15	$49.47	$48.01	$46.79
Tangible Book Value per Share	$38.98	$40.81	$37.02	$37.11	$34.28	$31.27	$31.30	$29.81	$28.16	$27.17
Total Capital	6,207	6,369	6,100	6,177	6,318	6,347	6,402	6,454	6,222	6,163
Total Debt	2,317	2,339	2,321	2,352	2,668	2,880	2,927	3,089	2,960	2,984
Total Long-Term Debt	2,273	2,240	2,212	2,211	2,220	2,414	2,405	2,388	2,417	2,275
Net Debt	1,309	1,455	1,811	1,907	2,259	2,539	2,664	2,868	2,721	2,686
Capital Expenditures (CapEx)	125	50	55	65	83	78	78	75	97	59
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,110	1,311	1,468	1,538	1,666	1,746	1,850	1,990	1,731	1,730
Debt-free Net Working Capital (DFNWC)	2,118	2,195	1,978	1,983	2,075	2,087	2,113	2,211	1,970	2,028
Net Working Capital (NWC)	2,074	2,096	1,869	1,842	1,627	1,621	1,591	1,510	1,427	1,319
Net Nonoperating Expense (NNE)	6.38	-3.46	6.52	-50	20	24	24	24	31	14
Net Nonoperating Obligations (NNO)	1,309	1,455	1,811	1,907	2,259	2,539	2,664	2,868	2,721	2,686
Total Depreciation and Amortization (D&A)	54	53	54	53	54	56	55	54	55	53
Debt-free, Cash-free Net Working Capital to Revenue	14.94%	17.36%	19.03%	19.46%	20.42%	21.23%	22.52%	24.30%	21.78%	22.43%
Debt-free Net Working Capital to Revenue	28.51%	29.07%	25.64%	25.09%	25.43%	25.37%	25.72%	26.99%	24.79%	26.29%
Net Working Capital to Revenue	27.91%	27.76%	24.23%	23.30%	19.94%	19.71%	19.36%	18.43%	17.96%	17.10%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.46	$2.88	$2.25	$3.29	$2.00	$2.39	$2.46	$0.00	$1.74	$1.61
Adjusted Weighted Average Basic Shares Outstanding	65.50M	65.30M	65.70M	65.70M	66M	66M	66.30M	0.00	66.20M	65.80M
Adjusted Diluted Earnings per Share	$1.43	$2.83	$2.22	$3.23	$1.97	$2.36	$2.42	$0.00	$1.71	$1.59
Adjusted Weighted Average Diluted Shares Outstanding	66.60M	66.50M	66.80M	66.80M	67M	67M	67.30M	0.00	67M	66.60M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	64.19M	65.16M	65.06M	65.65M	65.56M	65.19M	66.14M	0.00	65.95M	65.56M
Normalized Net Operating Profit after Tax (NOPAT)	160	194	172	171	153	193	188	218	144	125
Normalized NOPAT Margin	8.90%	10.37%	9.13%	9.07%	7.99%	9.49%	9.08%	10.20%	7.23%	6.16%
Pre Tax Income Margin	8.44%	14.60%	12.25%	14.67%	9.16%	9.10%	10.58%	12.12%	6.24%	7.96%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	17.89	274.00	24.00	15.53	7.77	8.12	8.30	9.09	4.65	7.71
NOPAT to Interest Expense	11.49	185.54	15.65	8.85	5.87	7.09	6.27	6.81	4.28	5.13
EBIT Less CapEx to Interest Expense	4.00	224.00	18.50	12.11	4.58	5.12	5.70	6.75	1.79	5.25
NOPAT Less CapEx to Interest Expense	-2.40	135.54	10.15	5.43	2.68	4.09	3.67	4.47	1.43	2.68
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	32.11%	30.00%	30.71%	29.33%	29.80%	30.17%	31.96%	32.86%	36.06%	39.34%
Augmented Payout Ratio	71.25%	48.41%	62.33%	44.74%	45.62%	47.39%	40.21%	54.00%	67.53%	72.75%

Frequently Asked Questions About Ingredion's Financials

When does Ingredion's fiscal year end?

According to the most recent income statement we have on file, Ingredion's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Ingredion's net income changed over the last 9 years?

Ingredion's net income appears to be on an upward trend, with a most recent value of $654 million in 2024, rising from $412 million in 2015. The previous period was $651 million in 2023. Find out what analysts predict for Ingredion in the coming months.

What is Ingredion's operating income?

Ingredion's total operating income in 2024 was $883 million, based on the following breakdown:

Total Gross Profit: $1.79 billion
Total Operating Expenses: $908 million

How has Ingredion revenue changed over the last 9 years?

Over the last 9 years, Ingredion's total revenue changed from $5.62 billion in 2015 to $7.43 billion in 2024, a change of 32.2%.

How much debt does Ingredion have?

Ingredion's total liabilities were at $3.55 billion at the end of 2024, a 11.0% decrease from 2023, and a 22.8% increase since 2015.

How much cash does Ingredion have?

In the past 9 years, Ingredion's cash and equivalents has ranged from $236 million in 2022 to $997 million in 2024, and is currently $997 million as of their latest financial filing in 2024.

How has Ingredion's book value per share changed over the last 9 years?

Over the last 9 years, Ingredion's book value per share changed from 29.97 in 2015 to 58.38 in 2024, a change of 94.8%.

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This page (NYSE:INGR) was last updated on 5/21/2025 by MarketBeat.com Staff

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Ingredion (INGR) Financials

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