Ingredion (INGR) Operating Margin (2009 - 2026)
Ingredion (INGR) reported Operating Margin of 10.16% for Q2 2026, down 4.62 percentage points from 14.78% a year earlier and down 1.17 percentage points from the prior quarter.
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Analysis
Ingredion (INGR) Operating Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Ingredion's Operating Margin came in at 11.92%, down 1.43 percentage points year-over-year; for FY2025, it was 14.07%, up 2.19 percentage points from FY2024.
- Operating Margin has increased for four consecutive years, with a five-year change of +4.35 percentage points (FY2020 to FY2025).
- By year, Operating Margin came in at 11.88% in FY2024 (+0.16 pp), 11.73% in FY2023 (+2.14 pp), 9.59% in FY2022 (+5.09 pp) and 4.50% in FY2021 (-5.22 pp).
- The Q2 2026 figure ranks as the lowest quarterly Operating Margin since Q4 2024.
- Year over year, Operating Margin gained in four of the last eight quarters, with an average year-over-year change of +0.33 percentage points.
- The high point for year-over-year Operating Margin in five years was Q1 2022 (a gain of 21.63 percentage points); the low point was Q4 2021 (a drop of 5.33 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 11.33% (Q1 2026), 12.52% (Q4 2025) and 13.71% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Archer-Daniels-Midland | 33.95 Bn | 30.43 Bn | 1.89 Bn | 4.19% |
| 2 | Tyson Foods | 21.18 Bn | 17.43 Bn | 921.00 Mn | 2.61% |
| 3 | Bunge Global | 19.47 Bn | 16.38 Bn | 1.33 Bn | 3.05% |
| 4 | Jbs | 14.11 Bn | -19.15 Bn | 2.59 Bn | 2.50% |
| 5 | Darling Ingredients | 8.33 Bn | 7.87 Bn | 503.37 Mn | 32.20% |
| 6 | Smithfield Foods | 7.70 Bn | 2.25 Bn | 313.00 Mn | 3.70% |
| 7 | Pilgrims Pride | 7.11 Bn | 4.61 Bn | 333.67 Mn | 4.12% |
| 8 | Ingredion | 5.78 Bn | 1.95 Bn | 426.00 Mn | 10.16% |
| 9 | Scotts Miracle-Gro | 3.86 Bn | 3.79 Bn | 365.90 Mn | 14.47% |
| 10 | Seaboard | 3.57 Bn | -1.50 Bn | 132.00 Mn | 0.47% |
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% |
API Access
Ingredion Operating 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=operating-margin&ticker=INGR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=INGR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();