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Operating Margin by Segment
Shows the percentage of sales each business unit keeps after core operating costs, revealing which parts of the company are most profitable and which are under margin pressure. For Ingredion, margins highlight how pricing power, input cost swings (like corn or sugar), and efficiency efforts vary across starches, sweeteners, and specialty ingredients—important for judging quality of earnings and resilience to commodity shocks.Texture & Healthful Solutions has become Ingredion’s margin engine, recovering decisively since mid‑2024 and validating management’s shift to higher‑value, solutions‑led growth (pea protein, AI-enabled formulation). By contrast, Food & Industrial Ingredients U.S./Canada shows a sharp recent margin deterioration driven by Argo operational disruptions and weaker volumes—the principal reason management cut guidance. LATAM margins remain relatively strong but are vulnerable to transactional FX and commodity pass‑through timing. All Other is improving modestly; the company’s near‑term margin trajectory now hinges on Argo’s Q2 recovery and easing energy/logistics headwinds.
Date | Texture and Healthful Solutions | Food and Industrial Ingredients LATAM | Food and Industrial Ingredients U.S. and Canada | All Other |
|---|---|---|---|---|
Jun 30, 2026 | 18.66 | 19.31 | 11.89 | 4.84 |
Mar 31, 2026 | 16.21 | 19.86 | 7.12 | 2.48 |
Dec 31, 2025 | 15.23 | 20.95 | 12.10 | 2.59 |
Sep 30, 2025 | 17.36 | 19.83 | 15.98 | -3.36 |
Jun 30, 2025 | 18.53 | 21.31 | 16.44 | -0.87 |
Mar 31, 2025 | 16.45 | 22.16 | 17.69 | 0.00 |
Dec 31, 2024 | 16.18 | 20.72 | 16.05 | -3.23 |
Sep 30, 2024 | 16.00 | 21.13 | 18.07 | -3.92 |
Jun 30, 2024 | 14.63 | 20.63 | 18.92 | -9.52 |
Mar 31, 2024 | 12.40 | 16.40 | 16.08 | -3.13 |