Ingredion (INGR) Q4 2025 Earnings
Reported Feb 3, 2026 at 6:09 AM ET · SEC Source
Q4 25 EPS
$2.53
MISS 3.07%
Est. $2.61
Q4 25 Revenue
$1.76B
MISS 1.57%
Est. $1.79B
vs S&P Since Q4 25
-28.5%
TRAILING MARKET
INGR -21.0% vs S&P +7.5%
Full Year 2025 Results
FY 25 EPS
$11.13
FY 25 Revenue
$7.22B
Market Reaction
Did INGR Beat Earnings? Q4 2025 Results
Ingredion closed out fiscal 2025 on a soft note, delivering a Q4 adjusted diluted EPS of $2.53, missing the $2.61 consensus estimate by 3.07%, while revenue of $1.76 billion fell 1.57% short of expectations and slipped 2.4% from a year ago. The most … Read more Ingredion closed out fiscal 2025 on a soft note, delivering a Q4 adjusted diluted EPS of $2.53, missing the $2.61 consensus estimate by 3.07%, while revenue of $1.76 billion fell 1.57% short of expectations and slipped 2.4% from a year ago. The most material drag was the company's U.S./Canada segment, where Q4 operating income plunged 32% to $56 million, hit by production challenges at a large manufacturing facility and weaker sweetener demand tied to higher retail canned beverage prices. Those headwinds overshadowed genuine momentum in Texture and Healthful Solutions, which posted 4% volume growth on clean label demand and closed the full year with operating income up 16% to $405 million. Adding to the mixed backdrop, CEO James Zallie was recently appointed board chairman while also disclosing a significant reduction in his personal stake in the company. Looking ahead, Ingredion guided fiscal 2026 adjusted EPS of $11.00 to $11.80, with net sales expected to grow low- to mid-single-digits, though management cautioned that Q1 2026 operating income could decline mid-double-digits against a tough prior-year comparison.
Key Takeaways
- • Texture & Healthful Solutions 4% Q4 volume growth driven by clean label demand
- • Lower raw material and input costs benefiting margins in T&HS and LATAM
- • Favorable Mexican peso transactional currency impacts in LATAM
- • Production challenges at a large U.S. manufacturing facility impacted F&II–U.S./CAN
- • Weaker sweetener demand driven by higher retail prices for canned beverages
- • Significantly lower Q4 reported effective tax rate (19.3% vs 36.2%) boosted reported EPS
- • Cost2Compete restructuring initiative driving cost savings
INGR YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
INGR Revenue by Segment
With YoY comparisons, source: SEC Filings
“We delivered record full-year financial results driven by continued strength in Texture & Healthful Solutions and solid results from our Food & Industrial Ingredients–LATAM business. These strong performances were partially offset by slower-than-expected operational recovery within our Food & Industrial Ingredients–U.S./CAN business.”
— Jim Zallie, Q4 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% |