Ingredion Incorporated (INGR)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,927,000 | 1,878,000 | 1,820,000 | 1,754,000 | 1,749,000 | 1,700,000 | 1,653,000 | 1,602,000 | 1,494,000 | 1,433,000 | 1,382,000 | 1,359,000 | 1,331,000 | 1,393,000 | 1,396,000 | 1,300,000 | 1,272,000 | 1,243,000 | 1,261,000 | 1,319,000 |
| Revenue (ttm) | US$ in thousands | 7,430,000 | 7,551,000 | 7,714,000 | 7,905,000 | 8,160,000 | 8,226,000 | 8,216,000 | 8,191,000 | 7,946,000 | 7,714,000 | 7,454,000 | 7,172,000 | 6,894,000 | 6,732,000 | 6,471,000 | 6,058,000 | 5,987,000 | 5,943,000 | 6,015,000 | 6,216,000 |
| Gross profit margin | 25.94% | 24.87% | 23.59% | 22.19% | 21.43% | 20.67% | 20.12% | 19.56% | 18.80% | 18.58% | 18.54% | 18.95% | 19.31% | 20.69% | 21.57% | 21.46% | 21.25% | 20.92% | 20.96% | 21.22% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,927,000K ÷ $7,430,000K
= 25.94%
The gross profit margin of Ingredion Incorporated has shown fluctuations over the analyzed period from March 31, 2020, to December 31, 2024. The margin started at 21.22% in March 2020 and slightly decreased to 20.96% in June 2020, followed by a further decrease to 20.92% in September 2020. However, there was a slight improvement to 21.25% by December 2020.
The trend continued to improve slightly into the first quarter of 2021, reaching 21.46%, and then increasing to 21.57% in June 2021. However, from September 2021 to December 2021, there was a notable decline in the gross profit margin, dropping from 20.69% to 19.31%.
The margin continued to decrease into the first half of 2022, reaching 18.95% by March and further declining to 18.54% in June. This downward trend reversed in the third quarter of 2022, with a slight increase to 18.58%, followed by a more significant improvement to 18.80% by December 2022.
From March 2023 onwards, there was a consistent upward trend in the gross profit margin, reaching 22.19% by March 2024 and further increasing to 25.94% by December 2024. This upward trajectory indicates an improvement in the company's ability to generate profits from its core operations, potentially driven by increased efficiency, cost management, or pricing strategies.
Peer comparison
Dec 31, 2024