Ingredion
Converts plant-based materials into ingredient solutions for food and industrial markets.
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Profile
Converts plant-based materials into value-added ingredients for food, beverage, animal nutrition, brewing, and industrial markets. Its structure pairs global Texture & Healthful Solutions with regional Food & Industrial Ingredients businesses in LATAM and the U.S./Canada.
Turns grains, fruits, vegetables, and other plant-based materials into value-added ingredients for food, beverage, animal nutrition, brewing, and industrial markets. The portfolio includes solutions for texture, sweetening, and nutrition.
The business operates through Texture & Healthful Solutions, Food & Industrial Ingredients–LATAM, and Food & Industrial Ingredients–U.S./Canada, with an All Other category. Product and formulation work draws on global innovation centers and customer collaboration. The reporting structure aligns with how management evaluates performance, makes strategic decisions, and allocates resources.
Operations depend on reliable production facilities; a longer-than-expected recovery at the Argo facility affected F&II–U.S./Canada results.
Company facts
Categories
Key statistics
Year to date −4.8% · Average volume (30d) 624.8K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 5, 2026 | Barclays | Reiterate | Equal Weight | $120 | $118 | |
| Jun 9, 2026 | Oppenheimer | Downgrade | Outperform | Perform | ||
| May 7, 2026 | UBS | Target | $122 | $114 | ||
| May 6, 2026 | Barclays | Reiterate | Equal Weight | $128 | $120 | |
| Apr 9, 2026 | UBS | Reiterate | Neutral | $124 | $122 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 4, 2026Q2 FY26 | $2.71 | $2.82 | +4.1% | $1.83B | $1.85B | +0.9% | +4.19% |
| May 5, 2026Q1 FY26 | $2.44 | $2.34 | −4.1% | $1.79B | $1.79B | +0.2% | −0.71% |
| Feb 3, 2026Q4 FY25 | $2.59 | $2.53 | −2.3% | $1.79B | $1.76B | −1.6% | −0.37% |
| Nov 4, 2025Q3 FY25 | $2.73 | $2.75 | +0.7% | $1.83B | $1.82B | −0.6% | +0.28% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.81B | $1.83B | $1.82B | $1.76B | $1.79B | $1.85B | |
| Gross profit | $466.0M | $477.0M | $455.0M | $430.0M | $401.0M | $426.0M | |
| Operating income | $276.0M | $271.0M | $252.0M | $220.0M | $201.0M | $188.0M | |
| Net income | $197.0M | $196.0M | $171.0M | $165.0M | $142.0M | $114.0M | |
| Diluted EPS | $3.00 | $2.99 | $2.61 | $2.56 | $2.22 | $1.78 | |
| Gross margin | 25.7% | 26.0% | 25.1% | 24.5% | 22.4% | 23.0% | |
| Operating margin | 15.2% | 14.8% | 13.9% | 12.5% | 11.2% | 10.2% |
Fiscal years (4-quarter sums)FY21 $6.89B · FY22 $7.95B · FY23 $8.16B · FY24 $7.43B · FY25 $7.22B
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $952.0M · Total debt $1.78B · Total assets $8.07B · Shareholders' equity $4.52B
Dividends
Raised for 26 straight years — most recently to $0.82 from $0.80 in Oct 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 1, 2026 | Jul 1 | Jul 21 | $0.82 | |
| Apr 1, 2026 | Apr 1 | Apr 21 | $0.82 | |
| Jan 2, 2026 | Jan 2 | Jan 20 | $0.82 | |
| Oct 1, 2025 | Oct 1 | Oct 21 | $0.82 | raised from $0.80 |
| Jul 1, 2025 | Jul 1 | Jul 22 | $0.80 | |
| Apr 1, 2025 | Apr 1 | Apr 22 | $0.80 | |
| Jan 2, 2025 | Jan 2 | Jan 21 | $0.80 | |
| Oct 1, 2024 | Oct 1 | Oct 22 | $0.80 | raised from $0.78 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 63.06M · Float 62.66M · 99.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 6.53M | 10.36% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 4.88M | 7.74% | 13F | Aug 13, 2026 |
| First Trust Portfolios L.P. | 3.97M | 6.31% | 13G | Apr 30, 2026 |
| Dimensional Fund Advisors LP | 3.36M | 5.30% | 13G | Jul 14, 2026 |
| Vanguard Capital Management LLC | 2.84M | 4.50% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 5, 2026 | David B. Fischer | director | −1,662 | $102.31 |
| Mar 31, 2026 | Jorge A. Uribe | director | −1 | $112.66 |
| Mar 18, 2026 | Davida Marie Gable | officer: VP Corp. Controller, Finance | −375 | $112.44 |
| Feb 18, 2026 | Larry Fernandes | officer: SVP, Chief Comm & Sust Officer | −1,125 | $116.55 |
| Feb 18, 2026 | James P. Zallie | director, officer: President and CEO | −9,958 | $116.55 |
Peers
- Archer Daniels Midland
Large-scale rival in starches, sweeteners and nutrition ingredients
- International Flavors & Fragrances
Functional food ingredients rival in texture, proteins and sweeteners
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Ingredion | $104.00 | −0.54% | $6.60B | 11.4 | 9.5 | 0.9 | +0.9% |
| Archer Daniels Midland | $81.68 | +0.17% | $39.30B | 22.3 | 14.1 | 0.5 | +7.1% |
| International Flavors & Fragrances | $83.37 | −5.20% | $22.45B | 81.4 | 25.8 | 2.3 | −29.3% |
| Median | 51.9 | 19.9 | 1.4 | −11.1% |