Filing Flows › Ingredion (INGR) › Q4 2025
Ingredion (INGR) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 17, 2026
Ingredion (INGR) reported revenue of $1.8B for the fourth quarter 2025 (Q4 2025), -2% from a year earlier and -3% from the quarter before. Operating margin was 12.5%, net earnings $165M (9.4% of revenue).
Ingredion, Q4 2025: revenue $1.8B (-2% year over year), operating margin 12.5%, net earnings $165M, operating cash flow $405M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.8B | -3% | -2% |
| Gross profit | $430M | -5% | -4% |
| Operating profit | $220M | -12% | +36% |
| Net earnings | $165M | -4% | +74% |
| Operating cash flow | $405M | +46% | -7% |
| Free cash flow | $271M | +58% | -13% |
What changed
Revenue was $1.8B in Q4 2025, down 2% year over year and down 3% from the previous quarter.
Gross margin was 24.5%, down 0.5 points from a year earlier. Operating profit was $0.22B, a 12.5% margin (up 3.5 points year over year). Operating expenses fell 27% while revenue fell 2%. Net earnings were $0.17B, up 74% year over year. The effective tax rate was 19.3%.
Operating cash flow was $0.41B (down 7% year over year), 243% 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 $0.17B. Capital expenditures of $0.13B left free cash flow of $0.27B.
Questions
What was Ingredion's revenue in the fourth quarter 2025?
Ingredion (INGR) reported revenue of $1.8B for the fourth quarter 2025 (Q4 2025), -2% from a year earlier and -3% from the quarter before.
Was Ingredion profitable in the fourth quarter 2025?
Operating profit was $220M (12.5% of revenue) and net earnings $165M.
Source: Ingredion 10-K on SEC EDGAR.