Ingredion Incorporated (INGR) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Ingredion Incorporated

NYSE•Consumer Defensive•Packaged Foods

$100.49-0.64(-0.01%)Market closed

Market Cap

$6.16B

P/E

10.4x

P/S

0.9x

P/B

1.4x

Ingredion Incorporated, together with its subsidiaries, engages in the manufacture and sale of sweeteners, starches, nutrition ingredients, and biomaterial solutions derived from wet milling and processing corn, and other starch-based materials to a range of industries worldwide. The company operates in Texture & Healthful Solutions; Food & Industrial IngredientsLATAM; and Food & Industrial IngredientsU.S./CANADA segments. It offers starch products for use in a range of processed foods; cornstarch; specialty paper starches for enhanced drainage, fiber retention, oil and grease resistance, improved printability, and biochemical oxygen demand control; starches and specialty starches for textile industry; industrial starches are used in the production of construction materials, textiles, adhesives, pharmaceuticals, and cosmetics, as well as in mining and water filtration; and specialty industrial starches for use in biomaterial applications, including biodegradable plastics, fabric softeners and detergents, hair and skin care applications, dusting powders for surgical gloves, and in the production of glass fiber and insulation. The company provides sweetener products comprising glucose syrups, high maltose syrup, high fructose corn syrup, dextrose, polyols, maltodextrin, glucose syrup solids, and non-genetically modified organism syrups for applications in food and beverage products, such as baked goods, snack foods, canned fruits, condiments, candy and other sweets, dairy products, ice cream, jams and jellies, prepared mixes, table syrups, and beverages. In addition, the company sells refined corn oil, corn gluten feed, and corn gluten meal; and other products. The company was formerly known as Corn Products International, Inc. and changed its name to Ingredion Incorporated in June 2012. Ingredion Incorporated was founded in 1906 and is headquartered in Westchester, Illinois.

How this company scores

AverageMetricSide Score: 47/100

Strongest: Balance Sheet & Red Flags (17/25); weakest: Growth (7/25).

Profitability12/25

Growth7/25

Balance Sheet & Red Flags17/25

Cash & Earnings Quality11/25

Strengths

Low leverageNo share dilution

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 10.4x5y range 9.7x – 55.2x

Currently near its 20-quarter median.

P/S · 0.9x5y range 0.7x – 1.2x

Currently near its 20-quarter median.

P/B · 1.4x5y range 1.4x – 2.4x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Margin Pressure

Watch

Operating margins declined 10.5% — watch for continued compression, which may signal competitive or cost pressure.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $6.16B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $7.21B
Q. Revenue: $1.85B
TTM EBITDA: $1.19B
TTM Op. Income: $860.00M
Q. Op. Income: $188.00M
TTM Net Income: $592.00M
Q. Net Income: $114.00M
EPS: $1.8
Shares Out.: $63.30M

$7.21B in TTM revenue declined 1.4% YoY, reaching $1.85B last quarter. TTM EBITDA of $1.19B and TTM operating income of $860.00M show growth is flowing through to the bottom line. TTM net income of $592.00M means revenue is converting into profit. Over the past year, TTM revenue is down 1% — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 23.0%
EBITDA Margin: 13.1%
Op. Margin: 10.2%
Net Margin: 6.2%

Op. margin of 10.2% is down 4.6% YoY — costs are rising relative to revenue. Net margin at 6.2% and gross margin of 23.0% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has fallen for 5 consecutive quarters — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 10.4x
P/S Ratio: 0.9x
P/B Ratio: 1.4x

At 10.4x P/E, the stock trades below typical market levels. P/S of 0.9x and P/B of 1.4x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 20% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $8.07B
Cash: $948.00M
Long-Term Debt: $1.74B
Book Value: $4.52B
D/E Ratio: 0.4
Debt/EBITDA: 7.2

With $8.07B in assets and $1.74B in long-term debt, D/E is 0.4and book value is $4.52B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 6 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $90.00M
TTM Free Cash Flow: $355.00M
FCF Margin: 4.9%
FCF / Net Income: 0.6

TTM FCF of $355.00M on $90.00M in operating cash flow. The FCF / Net Income ratio of 0.6x means cash covers only part of net income — earnings quality needs attention. Across the last 8 quarters, free cash flow has fallen for 7 consecutive quarters — a weakening trend.