Ingredion (INGR) Gross Margin (2009 - 2026)
Ingredion (INGR) recorded Gross Margin of 23.03% in Q2 2026, down 3.00 percentage points from 26.02% a year earlier but up 0.65 percentage points from the prior quarter.
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Analysis
Ingredion (INGR) Gross Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Ingredion's Gross Margin came in at 23.73% as of Jun 30, 2026, down 1.85 percentage points year-over-year; for FY2025, it came in at 25.32%, up 1.22 percentage points from FY2024.
- Annual Gross Margin has increased for three straight years, with a five-year change of +4.08 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at 24.10% in FY2024 (+2.67 pp), 21.43% in FY2023 (+2.63 pp), 18.80% in FY2022 (-0.50 pp) and 19.31% in FY2021 (-1.94 pp).
- Quarterly Gross Margin has ranged from 16.52% in Q4 2021 to 26.02% in Q2 2025 over the past five years.
- On a year-over-year basis, Gross Margin has declined for four consecutive quarters, with an average year-over-year change of +0.94 percentage points over the last eight quarters.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 4.91 percentage points in Q3 2024, against a drop of 5.57 percentage points in Q4 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 22.38% (Q1 2026), 24.47% (Q4 2025) and 25.06% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Archer-Daniels-Midland | 38.74 Bn | 35.03 Bn | 1.94 Bn | 8.53% |
| 2 | Bunge Global | 20.95 Bn | 18.46 Bn | 1.68 Bn | 6.99% |
| 3 | Tyson Foods | 17.92 Bn | 14.28 Bn | 921.00 Mn | 6.64% |
| 4 | Jbs | 12.87 Bn | -20.24 Bn | 2.59 Bn | 10.83% |
| 5 | Darling Ingredients | 9.56 Bn | 9.16 Bn | 503.37 Mn | 29.20% |
| 6 | Smithfield Foods | 7.54 Bn | 2.49 Bn | 478.00 Mn | 12.92% |
| 7 | Pilgrims Pride | 6.69 Bn | 4.52 Bn | 339.75 Mn | 7.34% |
| 8 | Ingredion | 6.08 Bn | 2.26 Bn | 426.00 Mn | 23.03% |
| 9 | Seaboard | 3.94 Bn | -881.67 Mn | 221.00 Mn | 7.56% |
| 10 | Cal-Maine Foods | 3.16 Bn | 2.05 Bn | 34.07 Mn | 6.16% |
Historic Data
Download Data
Historic 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% |
API Access
Ingredion Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=INGR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "INGR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=INGR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();