Filing Flows › Ingredion (INGR) › Q2 2025
Ingredion (INGR) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 11, 2025
Ingredion (INGR) reported revenue of $1.8B for the second quarter 2025 (Q2 2025), -2% from a year earlier and +1% from the quarter before. Operating margin was 14.8%, net earnings $196M (10.7% of revenue).
Ingredion, Q2 2025: revenue $1.8B (-2% year over year), operating margin 14.8%, net earnings $196M, operating cash flow $185M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.8B | +1% | -2% |
| Gross profit | $477M | +2% | +7% |
| Operating profit | $271M | -2% | +13% |
| Net earnings | $196M | -0.5% | +32% |
| Operating cash flow | $185M | +140% | -41% |
| Free cash flow | $84.0M | — | -67% |
What changed
Revenue was $1.8B in Q2 2025, down 2% year over year and up 1% from the previous quarter.
Gross margin was 26.0%, up 2.3 points from a year earlier. Operating profit was $0.27B, a 14.8% margin (up 2.0 points year over year). Operating expenses grew 0% against a revenue fall of 2%. Net earnings were $0.20B, up 32% year over year. The effective tax rate was 23.6%.
Operating cash flow was $0.18B (down 41% year over year), 93% of net earnings. Non-cash charges added back $0.05B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.08B. Capital expenditures of $0.10B left free cash flow of $0.08B.
Questions
What was Ingredion's revenue in the second quarter 2025?
Ingredion (INGR) reported revenue of $1.8B for the second quarter 2025 (Q2 2025), -2% from a year earlier and +1% from the quarter before.
Was Ingredion profitable in the second quarter 2025?
Operating profit was $271M (14.8% of revenue) and net earnings $196M.
Source: Ingredion 10-Q on SEC EDGAR.