Filing Flows › Ingredion (INGR) › Q3 2025
Ingredion (INGR) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 7, 2025
Ingredion (INGR) reported revenue of $1.8B for the third quarter 2025 (Q3 2025), -3% from a year earlier and -0.9% from the quarter before. Operating margin was 13.7%, net earnings $171M (9.4% of revenue).
Ingredion, Q3 2025: revenue $1.8B (-3% year over year), operating margin 13.7%, net earnings $171M, operating cash flow $277M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.8B | -0.9% | -3% |
| Gross profit | $455M | -5% | -5% |
| Operating profit | $249M | -8% | -7% |
| Net earnings | $171M | -13% | -9% |
| Operating cash flow | $277M | +50% | -42% |
| Free cash flow | $171M | +104% | -60% |
What changed
Revenue was $1.8B in Q3 2025, down 3% year over year and down 1% from the previous quarter.
Gross margin was 25.1%, down 0.6 points from a year earlier. Operating profit was $0.25B, a 13.7% margin (down 0.6 points year over year). Operating expenses fell 2% while revenue fell 3%. Net earnings were $0.17B, down 9% year over year. The effective tax rate was 28.6%.
Operating cash flow was $0.28B (down 42% year over year), 161% 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 $0.04B. Capital expenditures of $0.11B left free cash flow of $0.17B.
Questions
What was Ingredion's revenue in the third quarter 2025?
Ingredion (INGR) reported revenue of $1.8B for the third quarter 2025 (Q3 2025), -3% from a year earlier and -0.9% from the quarter before.
Was Ingredion profitable in the third quarter 2025?
Operating profit was $249M (13.7% of revenue) and net earnings $171M.
Source: Ingredion 10-Q on SEC EDGAR.