Ingredion (INGR) Gross Margin (2009 - 2026)

Ingredion (INGR) posted Gross Margin of 22.38% for Q1 2026, down 8.57% on a QoQ basis from 24.47% in Q4 2025, and down 333.0% year-over-year from 9.6% in Q1 2025.

Ingredion (INGR) Gross Margin (2009 - 2026) Analysis & Trends

Ingredion's Gross Margin history runs 18 years deep, the most recent figure standing at 22.38% for Q1 2026.

  • Quarterly Gross Margin fell 333.0% year-over-year to 22.38% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 24.49% (down 50.0% YoY) and the FY2025 annual result came in at 25.32%, up 122.0% from the prior year.
  • Gross Margin was 22.38% for Q1 2026 at Ingredion, down from 24.47% in the prior quarter.
  • Across five years, Gross Margin topped out at 26.02% in Q2 2025 and bottomed at 17.66% in Q4 2022.
  • A 5-year average of 22.41% and a median of 22.38% in 2026 frame the typical range for Gross Margin.
  • Annual changes were most pronounced in 2024 — Gross Margin surged 491 bps — and 2026, when it sank 333 bps.
  • Ingredion's Gross Margin stood at 17.66% in 2022, then gained by 18 bps to 20.82% in 2023, then increased by 20 bps to 24.94% in 2024, then retreated by 2 bps to 24.47% in 2025, then declined by 9 bps to 22.38% in 2026.
  • Business Quant data shows INGR's Gross Margin at 22.38% in Q1 2026, 24.47% in Q4 2025, and 25.06% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Kraft Heinz 30.05 Bn 26.07 Bn 2.22 Bn 36.70%
2 General Mills 19.11 Bn 18.67 Bn 1.60 Bn 34.79%
3 Hormel Foods 13.78 Bn 12.93 Bn 518.51 Mn 17.44%
4 Mccormick 13.51 Bn 13.76 Bn 778.20 Mn 40.18%
5 Magnum Ice Cream 10.87 Bn 10.35 Bn - -
6 Smithfield Foods 10.26 Bn 8.88 Bn 511.00 Mn 13.45%
7 Darling Ingredients 10.06 Bn 10.02 Bn 404.92 Mn 26.11%
8 Conagra Brands 6.88 Bn 6.66 Bn 704.10 Mn 24.43%
9 Lamb Weston Holdings 6.84 Bn 6.78 Bn 361.40 Mn 20.42%
10 Ingredion 6.44 Bn 5.53 Bn 401.00 Mn 22.38%

Historic Data

Download Data
DateValue
Mar 31, 2026 22.38%
Dec 31, 2025 24.47%
Sep 30, 2025 25.06%
Jun 30, 2025 26.02%
Mar 31, 2025 25.70%
Dec 31, 2024 24.94%
Sep 30, 2024 25.61%
Jun 30, 2024 23.75%
Mar 31, 2024 22.16%
Dec 31, 2023 20.82%
Sep 30, 2023 20.71%
Jun 30, 2023 21.31%
Mar 31, 2023 22.79%
Dec 31, 2022 17.66%
Sep 30, 2022 18.49%
Jun 30, 2022 19.08%
Mar 31, 2022 20.03%
Dec 31, 2021 16.52%
Sep 30, 2021 18.32%
Jun 30, 2021 20.83%