Ingredion Incorporated (INGR) AI Stock Analysis

Established in 1906 and headquartered in Westchester, Illinois, Ingredion Incorporated produces and distributes starches and sweeteners globally. It operates through four regional segments: North America, South America, Asia-Pacific, and Europe, Middle East and Africa. Its product line encompasses sweetener solutions like glucose syrups, high maltose syrups, high fructose corn syrups, dextrose, polyols, and glucose syrup solids. It also manufactures food-grade and industrial starches, biomaterials, and nutrition ingredients derived from corn, tapioca, potato, and rice. Additionally, the company supplies edible and refined corn oil used in cooking oils, margarine, salad dressings, and mayonnaise across the food, beverage, brewing, and animal nutrition sectors.

Ingredion's revenue grew from $6.89B in FY2021 to a peak of $8.16B in FY2023 before contracting to $7.43B in FY2024 and $7.22B in FY2025, reflecting a 5-year revenue CAGR of 3.8%. Despite a 2.8% revenue decline in FY2025, profitability improved as gross margin expanded to 25.3% and operating margin rose to 14.4%, up from 4.5% in FY2021. Net income reached $729.0M in FY2025 with an EPS of $11.12. Over the trailing twelve months ended June 30, 2026, revenue stood at $7.22B with an operating margin of 12.6%. In the latest quarter, revenue grew 0.9% year-over-year while quarterly earnings declined 40.5%.

As of June 30, 2026, Ingredion held $952.0M in cash and short-term investments against total debt of $1.78B, resulting in net debt of $831.0M. Total assets stood at $8.07B against shareholders' equity of $4.52B, representing a debt-to-equity ratio of 0.39 and a current ratio of 2.80. In FY2025, the company generated operating cash flow of $944.0M and free cash flow of $511.0M. Capital expenditures were $433.0M, while capital return to shareholders included $224.0M in share buybacks and $211.0M in dividends paid.

At a last close of $97.93, Ingredion has a market capitalization of $6.18B and an enterprise value of $6.94B. The stock trades at a trailing P/E of 10.7x and a forward P/E of 8.4x, below the median of its US-listed Consumer Defensive peers of 18.6x and 14.3x, respectively. Its EV to EBITDA ratio of 6.2x is also lower than the peer group median of 11.7x, while its price-to-sales of 0.9x is slightly above the peer median of 0.7x. Over the past year, INGR returned -16.1%, trailing the S&P 500 (SPY) return of 16.8%.

Ingredion has paid dividends for 29 consecutive years. It pays a quarterly dividend with an annual forward payout of $3.32, equating to a 3.39% dividend yield at its last close of $97.93. The dividend payout ratio is 31.5%, and its 5-year annualized dividend growth rate is 4.9%. The most recent ex-dividend date was October 1, 2026.

Wall Street coverage includes 1 Strong Buy, 1 Buy, and 5 Hold ratings. The mean price target of $119.50 represents an upside of 22.0% over the last close of $97.93. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $7.20B and EPS of $10.50, representing a 5.7% decline in earnings. For the following fiscal year, 7 analysts project revenue of $7.34B and EPS of $11.25. Over the last four quarters, Ingredion exceeded EPS estimates once. The next earnings date is November 3, 2026.

This page is an AI-written research summary of Ingredion Incorporated (INGR). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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