Ingredion Incorporated

INGR

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue

7,430

Cost of Revenue

5,639

Gross Profit

1,791

Gross Margin

24.1%

Operating Income

883

Operating Margin

11.9%

Net Income

647

Net Margin

8.7%

EPS (Basic)

$9.88

EPS (Diluted)

$9.71

EBITDA

1,184

EBITDA Margin

15.9%

2023

12/31/2023

Revenue

8,160

Cost of Revenue

6,411

Gross Profit

1,749

Gross Margin

21.4%

Operating Income

957

Operating Margin

11.7%

Net Income

643

Net Margin

7.9%

EPS (Basic)

$9.74

EPS (Diluted)

$9.60

EBITDA

1,172

EBITDA Margin

14.4%

2022

12/31/2022

Revenue

7,946

Cost of Revenue

6,452

Gross Profit

1,494

Gross Margin

18.8%

Operating Income

762

Operating Margin

9.6%

Net Income

492

Net Margin

6.2%

EPS (Basic)

$7.43

EPS (Diluted)

$7.34

EBITDA

982

EBITDA Margin

12.4%

2021

12/31/2021

Revenue

6,894

Cost of Revenue

5,563

Gross Profit

1,331

Gross Margin

19.3%

Operating Income

310

Operating Margin

4.5%

Net Income

117

Net Margin

1.7%

EPS (Basic)

$1.74

EPS (Diluted)

$1.73

EBITDA

542

EBITDA Margin

7.9%

2020

12/31/2020

Revenue

5,987

Cost of Revenue

4,715

Gross Profit

1,272

Gross Margin

21.2%

Operating Income

582

Operating Margin

9.7%

Net Income

348

Net Margin

5.8%

EPS (Basic)

$5.18

EPS (Diluted)

$5.15

EBITDA

800

EBITDA Margin

13.4%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2024	2023	2022	2021	2020
Revenue	7,430	8,160	7,946	6,894	5,987
Cost of Revenue	5,639	6,411	6,452	5,563	4,715
Gross Profit	1,791	1,749	1,494	1,331	1,272
Gross Margin	24.1%	21.4%	18.8%	19.3%	21.2%
Operating Income	883	957	762	310	582
Operating Margin	11.9%	11.7%	9.6%	4.5%	9.7%
Net Income	647	643	492	117	348
Net Margin	8.7%	7.9%	6.2%	1.7%	5.8%
EPS (Basic)	$9.88	$9.74	$7.43	$1.74	$5.18
EPS (Diluted)	$9.71	$9.60	$7.34	$1.73	$5.15
EBITDA	1,184	1,172	982	542	800
EBITDA Margin	15.9%	14.4%	12.4%	7.9%	13.4%