Ingredion Inc
INGR · Grain Mill Products · 63.1M shares · -0%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $8M (gross $41M, SBC $33M)
Reference price $112.66 · est. market cap ~$7.1B — last insider sale, 2026-03-31 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B77Global specialty-ingredient leader with strong, improving returns, margins and cash generation.
Strengths
- ROA 9.2% (88th pct), operating margin 14.1% (79th pct), net income up 13% to $729M
- FCF $511M (84th pct) and $1B cash; T&HS specialty mix expanding margins
Risks
- Net sales down ~3% on corn-cost pass-through and lower volumes; gross margin 25% (26th pct)
- Demand exposed to shifting consumer preferences (sugar/processed-food avoidance, GLP-1 weight-loss drugs)
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- ImpairmentRecent 8-K item 2.06 8-K ↗
- Strong balance sheetStrong balance sheet — $1.0B cash & investments
- China exposureHeightened geopolitical tensions, a perceived reduction in multilateral security cooperation, or changes to geopolitical policies or relationships, could contribute to increased or more volatile energ
- Insider sellingInsider selling — 6 open-market sale(s) by 4 insider(s) (cluster of 4 insiders, ~$6M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
25.3%
Operating margin
14.1%
Net margin
10.1%
Return on equity
17.1%
Return on assets
9.2%
ROIC
13.2%
Revenue growth (QoQ)
2.0%
Net-income growth
12.7%
Debt / equity
0.4×
Net debt / EBITDA
0.6×
Current ratio
2.7×
Free cash flow
$511M
EBITDA
$1.2B
Tangible book value
$3.0B
Cash & investments
$1.0B
Stock comp / revenue
0.6%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-20 | Verduin Patricia | Grant | 1.8K | $107.34 |
| 2026-05-20 | Uribe Jorge A. | Grant | 1.8K | $107.34 |
| 2026-05-20 | Tanda Stephan B. | Grant | 1.8K | $107.34 |
| 2026-05-20 | Wilson Dwayne Andree | Grant | 1.8K | $107.34 |
| 2026-05-20 | Talbot Siobhan | Grant | 1.8K | $107.34 |
| 2026-05-20 | Suever Catherine A | Grant | 1.8K | $107.34 |
| 2026-05-20 | REICH VICTORIA | Grant | 1.8K | $107.34 |
| 2026-05-20 | Magro Charles V. | Grant | 1.8K | $107.34 |
| 2026-05-20 | Jordan Rhonda L | Grant | 1.8K | $107.34 |
| 2026-05-20 | Fischer David B | Grant | 1.8K | $107.34 |
| 2026-05-02 | Ritchie Robert A. | Tax withheld | 842 | $110.43 |
| 2026-04-16 | Tanda Stephan B. | Gift | 380 | — |
| 2026-04-16 | Tanda Stephan B. | Gift | 380 | — |
| 2026-04-15 | Uribe Jorge A. | Gift | 312 | — |
| 2026-04-15 | Uribe Jorge A. | Gift | 312 | — |
| 2026-04-09 | Tanda Stephan B. | Gift | 1.6K | — |
| 2026-04-09 | Tanda Stephan B. | Gift | 1.6K | — |
| 2026-03-31 | Wilson Dwayne Andree | Grant | 380 | $112.66 |
| 2026-03-31 | Verduin Patricia | Grant | 380 | $112.66 |
| 2026-03-31 | Uribe Jorge A. | Grant | 380 | $112.66 |
| 2026-03-31 | Uribe Jorge A. | Tax withheld | 67 | $112.66 |
| 2026-03-31 | Uribe Jorge A. | Sell | 1 | $112.66 |
| 2026-03-31 | Tanda Stephan B. | Grant | 380 | $112.66 |
| 2026-03-31 | Suever Catherine A | Grant | 380 | $112.66 |
| 2026-03-31 | REICH VICTORIA | Grant | 380 | $111.92 |
| 2026-03-31 | KENNY GREGORY B | Grant | 346 | $111.92 |
| 2026-03-31 | Jordan Rhonda L | Grant | 380 | $111.92 |
| 2026-03-31 | Fischer David B | Grant | 380 | $111.92 |
| 2026-03-31 | Magro Charles V. | Grant | 380 | $111.92 |
| 2026-03-18 | Gable Davida Marie | Sell | 375 | $112.44 |
| 2026-03-12 | Gable Davida Marie | Grant | 1.7K | $111.32 |
| 2026-03-12 | Ritchie Robert A. | Grant | 6.5K | $111.32 |
| 2026-02-25 | Zallie James P. | Grant | 29K | $117.94 |
| 2026-02-25 | Wolfe Nancy | Grant | 3.1K | $117.94 |
| 2026-02-25 | Seip David Eric | Grant | 2.9K | $117.94 |
| 2026-02-25 | Ritchie Robert A. | Grant | 4.7K | $117.94 |
| 2026-02-25 | O'Riordan Michael | Grant | 2.4K | $117.94 |
| 2026-02-25 | Kalotis Patrick Ilias | Grant | 3.1K | $117.94 |
| 2026-02-25 | Leonard Michael J | Grant | 2.7K | $117.94 |
| 2026-02-25 | Jaeger de Foras Tanya Martina | Grant | 3.3K | $117.94 |
| 2026-02-25 | Gable Davida Marie | Grant | 976 | $117.94 |
| 2026-02-25 | Fernandes Larry | Grant | 2.4K | $117.94 |
| 2026-02-18 | Zallie James P. | Sell | 10.0K | $116.55 |
| 2026-02-18 | Fernandes Larry | Sell | 1.1K | $116.55 |
| 2026-02-17 | Zallie James P. | Tax withheld | 7.2K | $118.31 |
| 2026-02-17 | Seip David Eric | Tax withheld | 570 | $118.31 |
| 2026-02-17 | Wolfe Nancy | Tax withheld | 550 | $118.31 |
| 2026-02-17 | Ritchie Robert A. | Tax withheld | 192 | $118.31 |
| 2026-02-17 | O'Riordan Michael | Tax withheld | 240 | $118.31 |
| 2026-02-17 | Jaeger de Foras Tanya Martina | Tax withheld | 717 | $118.31 |
| 2026-02-17 | Gray James D | Tax withheld | 1.6K | $118.31 |
| 2026-02-17 | Gable Davida Marie | Tax withheld | 181 | $118.31 |
| 2026-02-17 | Fernandes Larry | Tax withheld | 416 | $118.31 |
| 2026-02-11 | Zallie James P. | Sell | 34K | $119.66 |
| 2026-02-11 | Fernandes Larry | Sell | 3.6K | $118.40 |
| 2026-02-09 | Zallie James P. | Grant | 58K | — |
| 2026-02-09 | Zallie James P. | Tax withheld | 24K | $119.29 |
| 2026-02-09 | Wolfe Nancy | Grant | 6.4K | — |
| 2026-02-09 | Wolfe Nancy | Tax withheld | 1.9K | $119.29 |
| 2026-02-09 | Seip David Eric | Grant | 3.3K | — |
| 2026-02-09 | Seip David Eric | Tax withheld | 1.1K | $119.29 |
| 2026-02-09 | Ritchie Robert A. | Grant | 1.2K | — |
| 2026-02-09 | Ritchie Robert A. | Tax withheld | 440 | $119.29 |
| 2026-02-09 | O'Riordan Michael | Grant | 1.7K | — |
| 2026-02-09 | O'Riordan Michael | Tax withheld | 811 | $119.29 |
| 2026-02-09 | Jaeger de Foras Tanya Martina | Grant | 7.0K | — |
| 2026-02-09 | Jaeger de Foras Tanya Martina | Tax withheld | 2.1K | $119.29 |
| 2026-02-09 | Gray James D | Grant | 13K | — |
| 2026-02-09 | Gray James D | Tax withheld | 4.5K | $119.29 |
| 2026-02-09 | Gable Davida Marie | Grant | 2.0K | — |
| 2026-02-09 | Gable Davida Marie | Tax withheld | 646 | $119.29 |
| 2026-02-09 | Fernandes Larry | Grant | 5.2K | — |
| 2026-02-09 | Fernandes Larry | Tax withheld | 1.6K | $119.29 |
| 2026-02-04 | Fernandes Larry | Gift | 425 | — |
| 2026-01-26 | Gray James D | Grant | 927 | $113.30 |
| 2025-12-23 | Uribe Jorge A. | Gift | 200 | — |
| 2025-12-23 | Uribe Jorge A. | Gift | 200 | — |
| 2025-12-05 | Uribe Jorge A. | Grant | 371 | $107.70 |
| 2025-12-05 | Uribe Jorge A. | Tax withheld | 171 | $107.70 |
| 2025-12-05 | Uribe Jorge A. | Sell | 0 | $107.70 |
| 2025-12-05 | Verduin Patricia | Grant | 371 | $107.70 |
| 2025-12-05 | Uribe Jorge A. | Grant | 371 | $107.70 |
| 2025-12-05 | Uribe Jorge A. | Tax withheld | 171 | $107.70 |
| 2025-12-05 | Uribe Jorge A. | Sell | 1 | $107.70 |
| 2025-12-05 | Tanda Stephan B. | Grant | 371 | $107.70 |
| 2025-12-05 | Suever Catherine A | Grant | 371 | $107.70 |
| 2025-12-05 | REICH VICTORIA | Grant | 371 | $107.70 |
| 2025-12-05 | Magro Charles V. | Grant | 615 | $107.70 |
| 2025-12-05 | KENNY GREGORY B | Grant | 371 | $107.70 |
| 2025-12-05 | Jordan Rhonda L | Grant | 371 | $107.70 |
| 2025-12-05 | Fischer David B | Grant | 371 | $107.70 |
| 2025-12-05 | Wilson Dwayne Andree | Grant | 371 | $107.70 |
| 2025-10-10 | Fernandes Larry | Tax withheld | 43 | $119.73 |
| 2025-10-10 | Ritchie Robert A. | Tax withheld | 78 | $119.73 |
| 2025-10-10 | Gray James D | Tax withheld | 146 | $119.73 |
| 2025-10-10 | Zallie James P. | Tax withheld | 634 | $119.73 |
| 2025-10-10 | Uribe Jorge A. | Gift | 278 | — |
| 2025-10-10 | Uribe Jorge A. | Gift | 278 | — |
| 2025-09-30 | Uribe Jorge A. | Tax withheld | 43 | $124.49 |
| 2025-09-30 | Wilson Dwayne Andree | Grant | 321 | $124.49 |
| 2025-09-30 | Verduin Patricia | Grant | 321 | $124.49 |
| 2025-09-30 | Uribe Jorge A. | Grant | 321 | $124.49 |
| 2025-09-30 | Uribe Jorge A. | Sell | 0 | $124.49 |
| 2025-09-30 | Tanda Stephan B. | Grant | 321 | $124.49 |
| 2025-09-30 | Suever Catherine A | Grant | 321 | $124.49 |
| 2025-09-30 | REICH VICTORIA | Grant | 321 | $124.49 |
| 2025-09-30 | Magro Charles V. | Grant | 532 | $124.49 |
| 2025-09-30 | KENNY GREGORY B | Grant | 321 | $124.49 |
| 2025-09-30 | Jordan Rhonda L | Grant | 321 | $124.49 |
| 2025-09-30 | Fischer David B | Grant | 321 | $124.49 |
| 2025-08-12 | Zallie James P. | Option exercise | 96K | $91.85 |
| 2025-08-12 | Zallie James P. | Tax withheld | 82K | $126.46 |
| 2025-08-12 | Zallie James P. | Option exercise | 129K | $88.35 |
| 2025-08-12 | Zallie James P. | Tax withheld | 107K | $126.54 |
| 2025-08-12 | Zallie James P. | Sell | 36K | $126.52 |
| 2025-08-04 | Fernandes Larry | Sell | 850 | $128.39 |
| 2025-07-10 | Uribe Jorge A. | Gift | 252 | — |
| 2025-07-10 | Uribe Jorge A. | Gift | 252 | — |
| 2025-06-30 | Tanda Stephan B. | Grant | 290 | $137.48 |
| 2025-06-30 | Wilson Dwayne Andree | Grant | 291 | $137.48 |
| 2025-06-30 | Verduin Patricia | Grant | 290 | $137.48 |
| 2025-06-30 | Uribe Jorge A. | Grant | 291 | $137.48 |
| 2025-06-30 | Uribe Jorge A. | Tax withheld | 39 | $137.48 |
| 2025-06-30 | Uribe Jorge A. | Sell | 0 | $137.48 |
| 2025-06-30 | Suever Catherine A | Grant | 290 | $137.48 |
| 2025-06-30 | REICH VICTORIA | Grant | 291 | $137.48 |
| 2025-06-30 | Magro Charles V. | Grant | 482 | $137.48 |
| 2025-06-30 | KENNY GREGORY B | Grant | 291 | $137.48 |
| 2025-06-30 | Jordan Rhonda L | Grant | 291 | $137.48 |
| 2025-06-30 | Fischer David B | Grant | 291 | $137.48 |
| 2025-05-08 | Ritchie Robert A. | Option exercise | 2.8K | $99.96 |
| 2025-05-08 | Ritchie Robert A. | Sell | 2.8K | $137.79 |
| 2025-05-08 | Ritchie Robert A. | Option exercise | 3.8K | $91.85 |
| 2025-05-08 | Ritchie Robert A. | Sell | 3.8K | $137.90 |
| 2025-05-07 | Fernandes Larry | Sell | 2.0K | $135.61 |
| 2025-05-07 | Fernandes Larry | Sell | 360 | $137.03 |
| 2025-04-08 | Uribe Jorge A. | Gift | 261 | — |
| 2025-04-08 | Uribe Jorge A. | Gift | 261 | — |
| 2025-03-31 | Wilson Dwayne Andree | Grant | 302 | $132.66 |
| 2025-03-31 | Verduin Patricia | Grant | 301 | $132.66 |
| 2025-03-31 | Uribe Jorge A. | Grant | 302 | $132.66 |
| 2025-03-31 | Uribe Jorge A. | Tax withheld | 40 | $132.66 |
| 2025-03-31 | Uribe Jorge A. | Sell | 0 | $132.66 |
| 2025-03-31 | Tanda Stephan B. | Grant | 301 | $132.66 |
| 2025-03-31 | Suever Catherine A | Grant | 301 | $132.66 |
| 2025-03-31 | REICH VICTORIA | Grant | 302 | $132.66 |
| 2025-03-31 | Magro Charles V. | Grant | 499 | $132.66 |
| 2025-03-31 | KENNY GREGORY B | Grant | 302 | $132.66 |
| 2025-03-31 | Jordan Rhonda L | Grant | 302 | $132.66 |
| 2025-03-31 | Fischer David B | Grant | 302 | $132.66 |
| 2025-03-07 | Jaeger de Foras Tanya Martina | Grant | 105 | $132.22 |
| 2025-02-26 | Ritchie Robert A. | Grant | 2.3K | $130.57 |
| 2025-02-26 | Zallie James P. | Grant | 15K | $130.57 |
| 2025-02-26 | Wolfe Nancy | Grant | 1.6K | $130.57 |
| 2025-02-26 | Seip David Eric | Grant | 1.6K | $130.57 |
| 2025-02-26 | O'Riordan Michael | Grant | 1.4K | $130.57 |
| 2025-02-26 | Leonard Michael J | Grant | 1.4K | $130.57 |
| 2025-02-26 | Jaeger de Foras Tanya Martina | Grant | 1.8K | $130.57 |
| 2025-02-26 | Gray James D | Grant | 3.5K | $130.57 |
| 2025-02-26 | Gable Davida Marie | Grant | 443 | $130.57 |
| 2025-02-26 | Fernandes Larry | Grant | 1.3K | $130.57 |
| 2025-02-26 | Bastos-Evans Valdirene | Grant | 1.3K | $130.57 |
| 2025-02-19 | Zallie James P. | Sell | 11K | $125.88 |
| 2025-02-16 | Ritchie Robert A. | Tax withheld | 201 | $126.80 |
| 2025-02-16 | O'Riordan Michael | Tax withheld | 239 | $126.80 |
| 2025-02-16 | Jaeger de Foras Tanya Martina | Tax withheld | 760 | $126.80 |
| 2025-02-16 | Gray James D | Tax withheld | 1.6K | $126.80 |
| 2025-02-16 | Gable Davida Marie | Tax withheld | 184 | $126.80 |
| 2025-02-16 | Fernandes Larry | Tax withheld | 422 | $126.80 |
| 2025-02-16 | Bastos-Evans Valdirene | Tax withheld | 734 | $126.80 |
| 2025-02-16 | Seip David Eric | Tax withheld | 686 | $126.80 |
| 2025-02-16 | Jaeger de Foras Tanya Martina | Tax withheld | 760 | $126.80 |
| 2025-02-16 | Zallie James P. | Tax withheld | 7.8K | $126.80 |
| 2025-02-16 | Wolfe Nancy | Tax withheld | 481 | $126.80 |
| 2025-02-14 | Zallie James P. | Sell | 39K | $126.91 |
| 2025-02-14 | Jaeger de Foras Tanya Martina | Grant | 5 | $131.17 |
| 2025-02-14 | Jaeger de Foras Tanya Martina | Grant | 4 | $126.80 |
| 2025-02-11 | Jaeger de Foras Tanya Martina | Tax withheld | 2.1K | $128.66 |
| 2025-02-11 | Gray James D | Grant | 14K | — |
| 2025-02-11 | Gray James D | Tax withheld | 5.2K | $128.66 |
| 2025-02-11 | Gable Davida Marie | Grant | 2.3K | — |
| 2025-02-11 | Gable Davida Marie | Tax withheld | 728 | $128.66 |
| 2025-02-11 | Zallie James P. | Grant | 69K | — |
| 2025-02-11 | Fernandes Larry | Tax withheld | 1.7K | $128.66 |
| 2025-02-11 | Bastos-Evans Valdirene | Tax withheld | 2.6K | $128.66 |
| 2025-02-11 | Bastos-Evans Valdirene | Grant | 6.0K | — |
| 2025-02-11 | Fernandes Larry | Grant | 5.8K | — |
| 2025-02-11 | Zallie James P. | Tax withheld | 29K | $128.66 |
| 2025-02-11 | Wolfe Nancy | Grant | 6.0K | — |
| 2025-02-11 | Wolfe Nancy | Tax withheld | 2.0K | $128.66 |
| 2025-02-11 | Seip David Eric | Grant | 3.4K | — |
| 2025-02-11 | Seip David Eric | Tax withheld | 1.1K | $128.66 |
| 2025-02-11 | Ritchie Robert A. | Grant | 2.7K | — |
| 2025-02-11 | Ritchie Robert A. | Tax withheld | 848 | $128.66 |
| 2025-02-11 | O'Riordan Michael | Grant | 1.9K | — |
| 2025-02-11 | O'Riordan Michael | Tax withheld | 877 | $128.66 |
| 2025-02-11 | Jaeger de Foras Tanya Martina | Grant | 7.1K | — |
| 2025-01-31 | Jaeger de Foras Tanya Martina | Grant | 4 | $136.44 |
| 2025-01-31 | Jaeger de Foras Tanya Martina | Grant | 5 | $125.48 |
| 2025-01-24 | Wolfe Nancy | Tax withheld | 908 | $135.76 |
| 2025-01-15 | Jaeger de Foras Tanya Martina | Grant | 4 | $135.21 |
| 2025-01-15 | Jaeger de Foras Tanya Martina | Grant | 4 | $132.83 |
All non-derivative Form 4 activity (SEC), newest first.
Clinical trials
| Trial | Title | Phase | Status | Primary completion |
|---|---|---|---|---|
| NCT03252704 ↗ | Post-prandial Glycemic Response to Fiber in Healthy Adults Glucose, High Blood, Glucose, Low Blood | NA | Completed | 2016-10-31 |
Source: ClinicalTrials.gov (U.S. NIH) · active studies first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-25 | Material agreementDebt obligationExhibits | filing ↗ |
| 2026-06-11 | Exec/director change | filing ↗ |
| 2026-06-09 | Material agreementDebt obligationReg FDExhibits | filing ↗ |
| 2026-05-21 | Shareholder vote | filing ↗ |
| 2026-05-14 | Reg FDExhibits | filing ↗ |
| 2026-05-05 | ResultsExhibits | filing ↗ |
| 2026-05-05 | 2.05Impairment | filing ↗ |
| 2026-03-25 | Exec/director change | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-25 | 2026-06-24 | 0001628280-26-045521 ↗ |
| 8-K | 2026-06-11 | 2026-06-07 | 0001046257-26-000204 ↗ |
| 8-K | 2026-06-09 | 2026-06-08 | 0001628280-26-041921 ↗ |
| 8-K | 2026-05-21 | 2026-05-20 | 0001046257-26-000177 ↗ |
| 8-K | 2026-05-14 | 2026-05-14 | 0001628280-26-034886 ↗ |
| 10-Q | 2026-05-08 | 2026-03-31 | 0001628280-26-032703 ↗ |
| 8-K | 2026-05-05 | 2026-05-01 | 0001628280-26-030100 ↗ |
| 8-K | 2026-05-05 | 2026-05-05 | 0001628280-26-030098 ↗ |
| 8-K | 2026-03-25 | 2026-03-18 | 0001046257-26-000113 ↗ |
| 8-K | 2026-03-23 | 2026-03-18 | 0001046257-26-000110 ↗ |
| 10-K | 2026-02-17 | 2025-12-31 | 0001628280-26-008603 ↗ |
| 8-K | 2026-02-11 | 2026-02-09 | 0001046257-26-000019 ↗ |