Filing Flows › Ingredion (INGR) › Q1 2025
Ingredion (INGR) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
Ingredion (INGR) reported revenue of $1.8B for the first quarter 2025 (Q1 2025), -4% from a year earlier and +0.7% from the quarter before. Operating margin was 15.2%, net earnings $197M (10.9% of revenue).
Ingredion, Q1 2025: revenue $1.8B (-4% year over year), operating margin 15.2%, net earnings $197M, operating cash flow $77.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.8B | +0.7% | -4% |
| Gross profit | $466M | +4% | +12% |
| Operating profit | $276M | +70% | +30% |
| Net earnings | $197M | +107% | -9% |
| Operating cash flow | $77.0M | -82% | -63% |
What changed
Revenue was $1.8B in Q1 2025, down 4% year over year and up 1% from the previous quarter.
Gross margin was 25.7%, up 3.5 points from a year earlier. Operating profit was $0.28B, a 15.2% margin (up 3.9 points year over year). Operating expenses fell 7% while revenue fell 4%. Net earnings were $0.20B, down 9% year over year. The effective tax rate was 25.5%.
Operating cash flow was $0.08B (down 63% year over year), 39% 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 used $0.19B. Capital expenditures of $0.09B exceeded it, leaving free cash flow of −$0.01B.
Questions
What was Ingredion's revenue in the first quarter 2025?
Ingredion (INGR) reported revenue of $1.8B for the first quarter 2025 (Q1 2025), -4% from a year earlier and +0.7% from the quarter before.
Was Ingredion profitable in the first quarter 2025?
Operating profit was $276M (15.2% of revenue) and net earnings $197M.
Source: Ingredion 10-Q on SEC EDGAR.