Ingredion (INGR) Operating Income (2009 - 2026)
Ingredion (INGR) posted Operating Income of $203.0 million for Q1 2026, down 7.73% on a QoQ basis from $220.0 million in Q4 2025, and down 26.45% year-over-year from $276.0 million in Q1 2025.
Ingredion (INGR) Operating Income (2009 - 2026) Analysis & Trends
Ingredion's Operating Income history runs 18 years deep, the most recent figure standing at $203.0 million for Q1 2026.
- Quarterly Operating Income fell 26.45% year-over-year to $203.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $943.0 million (changed 0.32% YoY) and the FY2025 annual result came in at $1.0 billion, up 15.06% from the prior year.
- Operating Income was $203.0 million for Q1 2026 at Ingredion, down from $220.0 million in the prior quarter.
- Across five years, Operating Income topped out at $291.0 million in Q1 2023 and bottomed at $157.0 million in Q4 2022.
- A 5-year average of $224.8 million and a median of $213.0 million in 2022 frame the typical range for Operating Income.
- Annual changes were most pronounced in 2022 — Operating Income jumped 223.53% — and 2024, when it declined 26.8%.
- Ingredion's Operating Income stood at $157.0 million in 2022, then rose by 28.66% to $202.0 million in 2023, then slipped by 19.8% to $162.0 million in 2024, then surged by 35.8% to $220.0 million in 2025, then fell by 7.73% to $203.0 million in 2026.
- Business Quant data shows INGR's Operating Income at $203.0 million in Q1 2026, $220.0 million in Q4 2025, and $249.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Kraft Heinz | 30.05 Bn | 26.07 Bn | 2.22 Bn | 1.15 Bn |
| 2 | General Mills | 19.11 Bn | 18.67 Bn | 1.60 Bn | -2.09 Bn |
| 3 | Hormel Foods | 13.78 Bn | 12.93 Bn | 518.51 Mn | 217.11 Mn |
| 4 | Mccormick | 13.51 Bn | 13.76 Bn | 778.20 Mn | 276.40 Mn |
| 5 | Magnum Ice Cream | 10.87 Bn | 10.35 Bn | - | - |
| 6 | Smithfield Foods | 10.26 Bn | 8.88 Bn | 511.00 Mn | 333.00 Mn |
| 7 | Darling Ingredients | 10.06 Bn | 10.02 Bn | 404.92 Mn | 226.77 Mn |
| 8 | Conagra Brands | 6.88 Bn | 6.66 Bn | 704.10 Mn | -1.66 Bn |
| 9 | Lamb Weston Holdings | 6.84 Bn | 6.78 Bn | 361.40 Mn | 168.80 Mn |
| 10 | Ingredion | 6.44 Bn | 5.53 Bn | 401.00 Mn | 203.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 203.00 Mn |
| Dec 31, 2025 | 220.00 Mn |
| Sep 30, 2025 | 249.00 Mn |
| Jun 30, 2025 | 271.00 Mn |
| Mar 31, 2025 | 276.00 Mn |
| Dec 31, 2024 | 162.00 Mn |
| Sep 30, 2024 | 268.00 Mn |
| Jun 30, 2024 | 240.00 Mn |
| Mar 31, 2024 | 213.00 Mn |
| Dec 31, 2023 | 202.00 Mn |
| Sep 30, 2023 | 213.00 Mn |
| Jun 30, 2023 | 251.00 Mn |
| Mar 31, 2023 | 291.00 Mn |
| Dec 31, 2022 | 157.00 Mn |
| Sep 30, 2022 | 182.00 Mn |
| Jun 30, 2022 | 213.00 Mn |
| Mar 31, 2022 | 210.00 Mn |
| Dec 31, 2021 | 86.00 Mn |
| Sep 30, 2021 | 172.00 Mn |
| Jun 30, 2021 | 222.00 Mn |