INGR Ingredion margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 50

Gross margin

23%

Operating margin

11.3%

EBITDA margin

14.8%

Net margin

7.8%

Based on the latest figures, Ingredion reports a gross margin of 23%, an operating margin of 11.3%, an EBITDA margin of 14.8%, and a net margin of 7.8%. The company's available margins all weakened, with gross margin showing the strongest contraction of 2.4 percentage points.

INGR margin history

Gross, operating, EBITDA and net margin trends

Looking back over the last 3 years, Ingredion recorded average margins of 23.68% gross, 12.34% operating, 15.62% EBITDA, and 8.74% net. Compared with their three-year averages, all four current margins are lower.

INGR margin expansion

Year-over-year margin changes in percentage points

Gross margin led the decline, falling by 2.4 percentage points, while the other available margins also decreased.

Gross margin expansion

-2.4pp

Operating margin expansion

-1.9pp

EBITDA margin expansion

-1.3pp

Net margin expansion

-1.3pp

INGR Gross margin

Looking back over the last 3 years, Ingredion recorded an average gross margin of 23.68%. Ingredion's current gross margin is 23% and is 0.7 percentage points below its three-year average. The highest gross margin for Ingredion was 25.6% in Jun 2025, while the lowest was 21.2% in Mar 2024.

INGR Operating margin

Over the last 3 years, the average operating margin for Ingredion was 12.34%. The latest operating margin for Ingredion is 11.3%, 1 percentage points below its three-year average. Ingredion's operating margin ranged from a low of 11.1% in Mar 2024 to a high of 14.1% in Dec 2025.

INGR EBITDA margin

The average EBITDA margin for Ingredion was 15.62% across the past 3 years. The current EBITDA margin of 14.8% is 0.8 percentage points below its three-year average. The EBITDA margin for Ingredion moved between 14.3% in Dec 2023 and 17% in Dec 2025.

INGR Net margin

In the last 3 years, Ingredion had an average net margin of 8.74%. Compared with its three-year average, Ingredion's current net margin is 7.8% and is 0.9 percentage points below its three-year average. Looking back over the last 3 years, Ingredion's net margin reached 10.1% at its highest point in Dec 2025 and 7.8% at its lowest in Sep 2026.

INGR margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 23%, INGR ranks lower than the Consumer Defensive sector and the industry average. In comparison with the Consumer Defensive sector average of 36.4%, Ingredion's gross margin is 37% lower.

INGR margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Ingredion's gross margin?

The current gross margin for INGR is 23% as of Sep 30, 2026.

What is Ingredion's operating margin?

The current operating margin for INGR is 11.3% as of Sep 30, 2026.

What is Ingredion's EBITDA margin?

For the period ending Sep 30, 2026, INGR recorded an EBITDA margin of 14.8%.

What is Ingredion's net margin?

For the period ending Sep 30, 2026, INGR recorded a net margin of 7.8%.

What are the average margins of INGR?

Looking back over 3 years, INGR recorded average margins of 23.7% gross, 12.3% operating, 15.6% EBITDA, and 8.7% net.

What are the highest historical margins of INGR?

Ingredion's highest recorded margins during the past 5 years were 25.6% gross in Jun 2025, 14.1% operating in Dec 2025, 17% EBITDA in Dec 2025, and 10.1% net in Dec 2025.

What are the lowest historical margins of INGR?

Over this 5-year history, Ingredion's margins fell as low as 18.5% gross in Jun 2022, 4.5% operating in Dec 2021, 7.7% EBITDA in Dec 2021, and 1.7% net in Dec 2021.