Ingredion Incorporated (INGR)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,791,000 | 1,749,000 | 1,494,000 | 1,331,000 | 1,272,000 |
| Revenue | US$ in thousands | 7,430,000 | 8,160,000 | 7,946,000 | 6,894,000 | 5,987,000 |
| Gross profit margin | 24.10% | 21.43% | 18.80% | 19.31% | 21.25% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,791,000K ÷ $7,430,000K
= 24.10%
The gross profit margin of Ingredion Incorporated has exhibited fluctuations over the past five years as follows: 21.25% as of December 31, 2020, decreasing to 19.31% by December 31, 2021, and further declining to 18.80% by December 31, 2022. However, there was a notable improvement in the gross profit margin to 21.43% by December 31, 2023, followed by a significant increase to 24.10% by December 31, 2024.
The decreasing trend from 2020 to 2022 may indicate challenges in managing production costs and maintaining pricing strategies. The subsequent recovery and improvement in 2023 and 2024 suggest potential cost-cutting measures or pricing adjustments that positively impacted the company's profitability.
Overall, the upward trajectory in the gross profit margin in the most recent years reflects a favorable trend towards enhanced operational efficiency and effective cost management within Ingredion Incorporated. However, it would be essential to continue monitoring these metrics to ensure sustained profitability and competitive positioning in the market.
Peer comparison
Dec 31, 2024