Filing Flows › Ingredion (INGR) › Q3 2026 › vs Q3 2025
Ingredion (INGR) Q3 2026 vs Q3 2025 (year over year)
Ingredion's revenue fell $24.0M (-1%) from $1.8B in Q3 2025 to $1.8B in Q3 2026. Gross margin 22.3% against 25.1% (-2.8 pts).
Ingredion, Q3 2026: revenue $1.8B (-1% year over year), operating margin 11.2%, net earnings $142M, operating cash flow $266M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 22.3% | 25.1% | -2.8 pts |
| Operating margin | 11.2% | 13.7% | -2.5 pts |
| Net margin | 7.9% | 9.5% | -1.5 pts |
| Free cash flow margin | 9.1% | 9.4% | -0.3 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $1.8B | $1.8B | −$24.0M | -1% |
| Gross profit | $399M | $455M | −$56.0M | -12% |
| Cost of revenue | $1.4B | $1.4B | $32.0M | +2% |
| Operating profit | $201M | $249M | −$48.0M | -19% |
| Operating expenses | $198M | $206M | −$8.0M | -4% |
| Pre-tax earnings | $194M | $241M | −$47.0M | -20% |
| Other expense, net | $7.0M | $8.0M | −$1.0M | -12% |
| Net earnings | $142M | $172M | −$30.0M | -17% |
| Income tax | $52.0M | $69.0M | −$17.0M | -25% |
| Depreciation & amortization | $55.0M | $57.0M | −$2.0M | -4% |
| Share-based compensation | $7.0M | $9.0M | −$2.0M | -22% |
| Working capital & other | $62.0M | $39.0M | $23.0M | +59% |
| Operating cash flow | $266M | $277M | −$11.0M | -4% |
| Free cash flow (OCF − capex) | $163M | $171M | −$8.0M | -5% |
| Capital expenditures | $103M | $106M | −$3.0M | -3% |
Questions
How much did Ingredion's revenue grow year over year in Q3 2026?
Ingredion's revenue fell $24.0M (-1%) from $1.8B in Q3 2025 to $1.8B in Q3 2026. Gross margin 22.3% against 25.1% (-2.8 pts).