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Ingredion vs Freshpet: INGR and FRPT compared
Ingredion is the larger company: $1.8B of revenue in its latest quarter (Q3 2026) against $318M for Freshpet (Q3 2026). Freshpet is growing faster (+10% against -1% a year earlier). Ingredion is more profitable, with an operating margin of 11.2% against 11.1%.
Where the money goes: INGR and FRPT
Ingredion (INGR) · Q3 2026
Ingredion, Q3 2026: revenue $1.8B (-1% year over year), operating margin 11.2%, net earnings $142M, operating cash flow $266M. The chart follows the revenue to costs, profit and cash.
Freshpet (FRPT) · Q3 2026
Freshpet, Q3 2026: revenue $318M (+10% year over year), operating margin 11.1%, net earnings $29.7M, operating cash flow $60.8M. The chart follows the revenue to costs, profit and cash.
| Ingredion (INGR) | Freshpet (FRPT) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $1.8B | $318M |
| Revenue growth, Y/Y | -1% | +10% |
| Gross margin | 22.3% | 44.5% |
| Operating margin | 11.2% | 11.1% |
| Net earnings | $142M | $29.7M |
| Net margin | 7.9% | 9.3% |
| Operating cash flow | $266M | $60.8M |
| Free cash flow | $163M | $37.8M |
| Market value | $5.8B | $3.6B |
| P/E | 10.3× | 25.5× |
| Analysts’ mean target | $119.50 | $84.00 |
Questions
Which is bigger, Ingredion or Freshpet?
Ingredion is the larger company: $1.8B of revenue in its latest quarter (Q3 2026) against $318M for Freshpet (Q3 2026).
Is Ingredion or Freshpet growing faster?
Freshpet is growing faster (+10% against -1% a year earlier).
Which is more profitable, Ingredion or Freshpet?
Ingredion is more profitable, with an operating margin of 11.2% against 11.1%.
More: Ingredion earnings · how Ingredion makes money · Freshpet earnings · how Freshpet makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.