Ingredion (INGR) Q3 2025 Earnings
Reported Nov 4, 2025 at 6:11 AM ET · SEC Source
Q3 25 EPS
$2.75
MISS 4.76%
Est. $2.89
Q3 25 Revenue
$1.82B
MISS 3.95%
Est. $1.89B
vs S&P Since Q3 25
-19.0%
TRAILING MARKET
INGR -9.3% vs S&P +9.7%
Market Reaction
Did INGR Beat Earnings? Q3 2025 Results
Ingredion delivered a disappointing third quarter, missing on both the top and bottom lines as operational headwinds and softening demand weighed on results. The ingredient solutions company posted adjusted diluted EPS of $2.75, falling short of the … Read more Ingredion delivered a disappointing third quarter, missing on both the top and bottom lines as operational headwinds and softening demand weighed on results. The ingredient solutions company posted adjusted diluted EPS of $2.75, falling short of the $2.89 consensus estimate by 4.76%, while net sales slid 2.9% year-over-year to $1.82 billion, roughly $70 million below what analysts had expected. The most material drag came from the company's Food and Industrial Ingredients segments, where a fire at Ingredion's Chicago plant in late June continued to disrupt production and compress margins in the U.S./Canada business, while softer consumer demand tied to inflation and macroeconomic pressure hurt Latin American volumes. The miss prompted analysts to revise both revenue and earnings estimates lower, and shares fell sharply in pre-market trading following the release. Brighter performance in the Texture and Healthful Solutions segment, which grew operating income 9% to $105 million, offered a partial offset, and management updated full-year 2025 adjusted EPS guidance to a range of $11.10 to $11.30, with operating income expected to grow at a low-to-mid single-digit pace.
Key Takeaways
- • T&HS delivered 4% sales volume growth with double-digit clean label ingredient sales increases in U.S./Canada and Asia-Pacific
- • Lower raw material costs drove favorable margin impacts in T&HS but unfavorable price mix on pass-through
- • Chicago plant fire in late June continued to cause production challenges in F&II–U.S./CAN
- • Reduced consumer beverage and food demand in U.S. due to rising retail prices
- • Weaker brewing industry demand and softer consumer demand across LATAM driven by higher inflation, interest rates, and macroeconomic uncertainty
- • Cost2Compete restructuring initiatives ongoing
INGR YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
INGR Revenue by Segment
With YoY comparisons, source: SEC Filings
“The benefits of Ingredion's diversified business portfolio were evident in the quarter as our Texture & Healthful Solutions segment delivered another strong quarter of sales volume and operating income growth while our F&II businesses were impacted by lower volume demand and operational challenges at our largest facility in the U.S.”
— Jim Zallie, Q3 2025 Earnings Press Release
INGR Earnings Trends
INGR vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
INGR EPS Trend
Earnings per share: estimate vs actual
INGR Revenue Trend
Quarterly revenue: estimate vs actual
INGR Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 MISS | $2.47 | $2.34 | -5.32% | $1.79B | +0.22% |
| Q4 25 MISS FY | $2.61 | $2.53 | -3.07% | $1.76B | -1.57% |
| FY Full Year | — | $11.13 | — | $7.22B | — |
| Q3 25 MISS | $2.89 | $2.75 | -4.76% | $1.82B | -3.95% |
| Q2 25 BEAT | $2.79 | $2.87 | +2.99% | $1.83B | -3.01% |