Ingredion (INGR) Financials

$129.59 +1.48 (+1.15%)

Closing price 04/17/2025 03:59 PM Eastern

Extended Trading

$129.70 +0.11 (+0.08%)

As of 04/17/2025 05:59 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	402	485	519	443	413	348	117	492	643	647
Consolidated Net Income / (Loss)	412	496	532	454	424	354	125	502	651	654
Net Income / (Loss) Continuing Operations	412	496	532	454	424	354	125	502	651	654
Total Pre-Tax Income	599	742	769	621	582	506	248	668	839	931
Total Operating Income	660	806	836	703	664	582	310	762	957	883
Total Gross Profit	1,242	1,401	1,472	1,368	1,312	1,272	1,331	1,494	1,749	1,791
Total Revenue	5,621	5,704	6,244	6,289	6,209	5,987	6,894	7,946	8,160	7,430
Operating Revenue	5,621	5,704	6,244	6,289	6,209	5,987	6,894	7,946	8,160	7,430
Total Cost of Revenue	4,379	4,303	4,772	4,921	4,897	4,715	5,563	6,452	6,411	5,639
Operating Cost of Revenue	4,379	4,303	4,772	4,921	4,897	4,715	5,563	6,452	6,411	5,639
Total Operating Expenses	582	595	636	665	648	690	1,021	732	792	908
Selling, General & Admin Expense	-	-	616	611	610	628	668	715	789	782
Other Operating Expenses / (Income)	-1.00	-4.00	-18	-10	-19	-31	-34	13	-8.00	-1.00
Restructuring Charge	583	599	38	64	57	93	387	4.00	11	127
Total Other Income / (Expense), net	-61	-64	-67	-82	-82	-76	-62	-94	-118	48
Interest Expense	61	66	73	86	81	81	74	99	114	39
Other Income / (Expense), net	-	2.00	6.00	4.00	-1.00	5.00	12	5.00	-4.00	87
Income Tax Expense	187	246	237	167	158	152	123	166	188	277
Net Income / (Loss) Attributable to Noncontrolling Interest	10	11	13	11	11	6.00	8.00	10	8.00	7.00
Basic Earnings per Share	$5.62	$6.70	$7.21	$6.25	$6.17	$5.18	$1.74	$7.43	$9.74	$9.88
Weighted Average Basic Shares Outstanding	71.60M	72.30M	72M	70.90M	66.90M	67.20M	67.10M	66.20M	66M	65.50M
Diluted Earnings per Share	$5.51	$6.55	$7.06	$6.17	$6.13	$5.15	$1.73	$7.34	$9.60	$9.71
Weighted Average Diluted Shares Outstanding	73M	74.10M	73.50M	71.80M	67.40M	67.60M	67.80M	67M	67M	66.60M
Weighted Average Basic & Diluted Shares Outstanding	71.50M	72.40M	72M	70.90M	66.88M	67.11M	66.71M	65.95M	65.56M	64.19M
Cash Dividends to Common per Share	-	$1.90	$2.20	$2.45	$2.51	$2.54	$2.58	$2.72	$2.98	$3.16

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

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

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

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

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

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

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

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

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

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

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.

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 4/18/2025 by MarketBeat.com Staff

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Ingredion (INGR) Financials

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