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Ingredion (INGR) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 6, 2026 · Ingredion (INGR) Q3 2026 earnings results →
Q3 2026 Revenue down 1% year over year to $1.8B · 8¢ of every $1 of revenue kept as net profit · operating margin 11.2%
Ingredion made $1.8B in Q3 2026 (-1% Y/Y). Operating margin 11.2%, net earnings $142M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $1.8B in Q3 2026, down 1% year over year and down 3% from the previous quarter.
Gross margin was 22.3%, down 2.8 points from Q3 2025. Operating profit was $0.20B, a 11.2% margin (down 2.5 points year over year). Operating expenses fell 4% while revenue fell 1%. Net earnings were $0.14B, down 17% year over year. The effective tax rate was 26.8%.
Operating cash flow was $0.27B (down 4% year over year), 187% of net earnings. Non-cash charges added back $0.06B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.06B. Capital expenditures of $0.10B left free cash flow of $0.16B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 6, 2026 | $1.8B | -1% | 11.2% | $142M | $266M |
| Q2 2026 | 10-Q | Aug 7, 2026 | $1.9B | +0.9% | 10.2% | $114M | $90.0M |
| Q1 2026 | 10-Q | May 8, 2026 | $1.8B | -1% | 11.3% | $142M | $33.0M |
| Q4 2025 | 10-K | Feb 17, 2026 | $1.8B | -2% | 12.5% | $165M | $405M |
| Q3 2025 | 10-Q | Nov 7, 2025 | $1.8B | -3% | 13.7% | $171M | $277M |
| Q2 2025 | 10-Q | Aug 11, 2025 | $1.8B | -2% | 14.8% | $196M | $185M |
| Q1 2025 | 10-Q | May 9, 2025 | $1.8B | -4% | 15.2% | $197M | $77.0M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Ingredion
Ingredion Incorporated (together with its consolidated subsidiaries, the “Company,” “Ingredion,” “we,” “us,” and “our”) is a leading global ingredient solutions provider that transforms grains, fruits, vegetables and other plant-based materials into value-added ingredient solutions for the food, beverage, animal nutrition, brewing and industrial markets. Our purpose is to bring the potential of people, nature and technology together to make life better. We develop, produce and sell a variety of food and beverage ingredients, primarily starches and sweeteners, for a broad range of customers in over 60 industries worldwide.
In its own words, from its 10-K, filed Feb 17, 2026.
Ingredion against its Grain Mill Products peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -1% against the peers' median -1%. Operating margin: 11.2% against the peers' median 11.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| INGR Ingredion | Q3 2026 | $1.8B | -1% | 11.2% |
| GIS General Mills | Q1 FY27 | $4.4B | -3% | 14.4% |
| POST Post Holdings | Q3 FY26 | $1.9B | -2% | 9.7% |
| FRPT Freshpet | Q3 2026 | $318M | +10% | 11.1% |
Source: Ingredion 10-Q on SEC EDGAR · CIK 1046257 · Grain Mill Products
Guidance and outlook
13F: who owns INGR and who is buying
More on INGR
- How Ingredion makes money: revenue by segment
- Ingredion next earnings date and what analysts expect
- Ingredion stock forecast, price target and fair value
- Who owns Ingredion stock: holders, funds and Congress trades
- Ingredion guidance and outlook
- Is Ingredion a takeover target? LBO and rumors
- Ingredion recalls, complaints and regulation
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results