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How Ingredion (INGR) makes money

Ingredion (INGR) made $1.8B of revenue in the third quarter 2026 (Q3 2026), -1% from a year earlier. Of every dollar of revenue, 22¢ was left as gross profit, 11¢ was left as operating profit, 8¢ was left as net earnings.

Drawing the Sankey…

Ingredion revenue by quarterIngredion revenue by quarter$1.8BQ1 2025$1.8BQ2 2025$1.8BQ3 2025$1.8BQ4 2025$1.8BQ1 2026$1.9BQ2 2026$1.8BQ3 2026
Ingredion: where each dollar of revenue goesIngredion: where each dollar of revenue goesCost of revenue78¢Gross profit22¢Operating expenses11¢Operating profit11¢Income tax3¢Net earnings8¢Operating cash flow15¢Free cash flow9¢

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$1.8B100.0%
Cost of revenue$1.4B77.7%
Gross profit$399M22.3%
Operating expenses$198M11.0%
Operating profit$201M11.2%
Income tax$52.0M2.9%
Net earnings$142M7.9%
Operating cash flow$266M14.8%
Free cash flow$163M9.1%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$1.8B-1%
Q2 2026$1.9B+0.9%
Q1 2026$1.8B-1%
Q4 2025$1.8B-2%
Q3 2025$1.8B-3%
Q2 2025$1.8B-2%
Q1 2025$1.8B-4%

From Ingredion's 10-Q filed Nov 6, 2026 (on EDGAR).

Questions

How does Ingredion make money?

Ingredion (INGR) made $1.8B of revenue in the third quarter 2026 (Q3 2026), -1% from a year earlier. Of every dollar of revenue, 22¢ was left as gross profit, 11¢ was left as operating profit, 8¢ was left as net earnings.

What is Ingredion's profit margin?

Net earnings were $142M, 7.9% of revenue, in the third quarter 2026; the operating margin was 11.2%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.