Ingredion (INGR) Gross Margin (2009 - 2026)
Ingredion's (INGR) quarterly Gross Margin came in at 22.38% in Q1 2026, down 333.0% YoY from 9.6% in Q1 2025, and down 8.57% on a QoQ basis from 24.47% in Q4 2025.
Ingredion (INGR) Gross Margin (2009 - 2026) Analysis & Trends
Ingredion (INGR) has 18 years of Gross Margin data on file, last reported at 22.38% in 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 retreated to 22.38% in Q1 2026, from 24.47% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 26.02% in Q2 2025 to a low of 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 slumped 333 bps.
- Tracing INGR's Gross Margin over 5 years: stood at 17.66% in 2022, then increased by 18 bps to 20.82% in 2023, then climbed by 20 bps to 24.94% in 2024, then declined by 2 bps to 24.47% in 2025, then slipped by 9 bps to 22.38% in 2026.
- The last three Gross Margin figures came in at 22.38% (Q1 2026), 24.47% (Q4 2025), and 25.06% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kraft Heinz | 30.23 Bn | 27.54 Bn | 2.03 Bn | 32.39% |
| 2 | General Mills | 21.36 Bn | 20.90 Bn | 1.60 Bn | 34.79% |
| 3 | Mccormick | 14.89 Bn | 14.56 Bn | 778.20 Mn | 40.18% |
| 4 | Jbs | 14.54 Bn | 11.07 Bn | 4.91 Bn | 10.79% |
| 5 | Hormel Foods | 13.26 Bn | 12.40 Bn | 518.51 Mn | 17.44% |
| 6 | J M Smucker | 13.17 Bn | 13.11 Bn | 862.10 Mn | 38.01% |
| 7 | Magnum Ice Cream | 12.10 Bn | 11.38 Bn | - | - |
| 8 | Darling Ingredients | 10.78 Bn | 10.62 Bn | 503.37 Mn | 29.20% |
| 9 | Smithfield Foods | 8.77 Bn | 7.42 Bn | 478.00 Mn | 12.92% |
| 10 | Ingredion | 6.78 Bn | 5.82 Bn | 426.00 Mn | 23.03% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 23.03% |
| 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% |