Ingredion (INGR) Operating Margin (2009 - 2026)

Ingredion (INGR) posted Operating Margin of 11.33% for Q1 2026, down 9.53% on a QoQ basis from 12.52% in Q4 2025, and down 390.0% year-over-year from 3.91% in Q1 2025.

Ingredion (INGR) Operating Margin (2009 - 2026) Analysis & Trends

Ingredion's Operating Margin history runs 18 years deep, the most recent figure standing at 11.33% for Q1 2026.

  • Quarterly Operating Margin fell 390.0% year-over-year to 11.33% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 13.1% (up 25.0% YoY) and the FY2025 annual result came in at 14.07%, up 219.0% from the prior year.
  • Operating Margin was 11.33% for Q1 2026 at Ingredion, down from 12.52% 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.
  • A 5-year average of 11.77% and a median of 11.33% in 2026 frame the typical range for Operating Margin.
  • Annual changes were most pronounced in 2022 — Operating Margin jumped 2163 bps — and 2026, when it sank 390 bps.
  • Ingredion's 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 declined by 10 bps to 11.33% in 2026.
  • Business Quant data shows INGR's Operating Margin at 11.33% in Q1 2026, 12.52% in Q4 2025, and 13.71% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Kraft Heinz 30.05 Bn 26.07 Bn 2.22 Bn 18.94%
2 General Mills 19.11 Bn 18.67 Bn 1.60 Bn -45.40%
3 Hormel Foods 13.78 Bn 12.93 Bn 518.51 Mn 7.30%
4 Mccormick 13.51 Bn 13.76 Bn 778.20 Mn 14.27%
5 Magnum Ice Cream 10.87 Bn 10.35 Bn - -
6 Smithfield Foods 10.26 Bn 8.88 Bn 511.00 Mn 8.76%
7 Darling Ingredients 10.06 Bn 10.02 Bn 404.92 Mn 14.62%
8 Conagra Brands 6.88 Bn 6.66 Bn 704.10 Mn -57.54%
9 Lamb Weston Holdings 6.84 Bn 6.78 Bn 361.40 Mn 9.54%
10 Ingredion 6.44 Bn 5.53 Bn 401.00 Mn 11.33%

Historic Data

Download Data
DateValue
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%
Jun 30, 2021 12.60%