Ingredion (INGR) Operating Margin (2009 - 2026)
Ingredion's (INGR) quarterly Operating Margin came in at 10.16% in Q2 2026, down 462.0% on a YoY basis from 2.81% in Q2 2025, and down 10.29% quarter-over-quarter from 11.33% in Q1 2026.
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Ingredion (INGR) Operating Margin (2009 - 2026) Analysis & Trends
Ingredion (INGR) has reported Operating Margin for 18 consecutive years, with 10.16% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Margin fell 462.0% year-over-year to 10.16%; the trailing twelve-month figure through Jun 2026 stood at 11.92% (down 143.0% YoY), and the FY2025 full-year result was 14.07%, up 219.0% from the prior year.
- Operating Margin fell to 10.16% in Q2 2026 per INGR's latest filing, from 11.33% in the prior quarter.
- Across five years, Operating Margin topped out at 15.22% in Q1 2025 and bottomed at 7.9% in Q4 2022.
- Historically, Operating Margin has averaged 11.68% across 5 years, with a median of 11.32% in 2024.
- The sharpest annual moves came in 2022 and 2026: Operating Margin surged 2163 bps in 2022, then plunged 462 bps in 2026.
- Over 5 years, Operating Margin stood at 7.9% in 2022, then jumped by 33 bps to 10.52% in 2023, then slipped by 14 bps to 9.0% in 2024, then jumped by 39 bps to 12.52% in 2025, then fell by 19 bps to 10.16% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 10.16%, 11.33%, and 12.52% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Archer-Daniels-Midland | 41.79 Bn | 32.22 Bn | 1.94 Bn | 3.95% |
| 2 | Bunge Global | 23.79 Bn | 23.15 Bn | 1.68 Bn | 4.47% |
| 3 | Darling Ingredients | 10.69 Bn | 10.53 Bn | 503.37 Mn | 32.20% |
| 4 | Ingredion | 6.37 Bn | 5.42 Bn | 426.00 Mn | 10.16% |
| 5 | Scotts Miracle-Gro | 3.31 Bn | 3.28 Bn | 365.90 Mn | 14.47% |
| 6 | Andersons | 2.43 Bn | 2.36 Bn | 223.73 Mn | - |
| 7 | Del Monte | 1.55 Bn | 1.52 Bn | 121.30 Mn | 2.75% |
| 8 | Dole | 1.31 Bn | 1.01 Bn | 195.30 Mn | 1.90% |
| 9 | Adecoagro | 1.28 Bn | 945.16 Mn | 167.30 Mn | 17.32% |
| 10 | Universal | 1.13 Bn | 855.95 Mn | 83.09 Mn | 0.44% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 10.16% |
| Mar 31, 2026 | 11.33% |
| Dec 31, 2025 | 12.52% |
| Sep 30, 2025 | 13.71% |
| Jun 30, 2025 | 14.78% |
| Mar 31, 2025 | 15.22% |
| Dec 31, 2024 | 9.00% |
| Sep 30, 2024 | 14.33% |
| Jun 30, 2024 | 12.78% |
| Mar 31, 2024 | 11.32% |
| Dec 31, 2023 | 10.52% |
| Sep 30, 2023 | 10.48% |
| Jun 30, 2023 | 12.13% |
| Mar 31, 2023 | 13.62% |
| Dec 31, 2022 | 7.90% |
| Sep 30, 2022 | 9.00% |
| Jun 30, 2022 | 10.42% |
| Mar 31, 2022 | 11.10% |
| Dec 31, 2021 | 4.90% |
| Sep 30, 2021 | 9.76% |