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| Date | Value |
|---|---|
| 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% |