Ingredion Incorporated (INGR)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 647,000 | 643,000 | 492,000 | 117,000 | 348,000 |
| Revenue | US$ in thousands | 7,430,000 | 8,160,000 | 7,946,000 | 6,894,000 | 5,987,000 |
| Net profit margin | 8.71% | 7.88% | 6.19% | 1.70% | 5.81% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $647,000K ÷ $7,430,000K
= 8.71%
Ingredion Incorporated's net profit margin has shown fluctuations over the past five years. In December 2020, the net profit margin stood at 5.81%, indicating that the company was generating approximately $0.0581 in net profit for every dollar of revenue earned. However, there was a decrease in the net profit margin to 1.70% by December 2021, suggesting a decline in profitability relative to revenue.
Subsequently, there was a notable improvement in the net profit margin to 6.19% by December 2022, followed by further growth to 7.88% in December 2023. These increases demonstrate Ingredion's ability to enhance its profitability, potentially through cost management, revenue growth, or operational efficiency.
By the end of December 2024, Ingredion's net profit margin reached 8.71%, the highest among the reported years. This significant rise indicates a strong performance in converting revenue into profit, showcasing effective management strategies and operational effectiveness.
Overall, the trend in Ingredion's net profit margin reflects fluctuations but an overall positive trajectory over the five-year period, indicating the company's efforts to enhance profitability and efficiency in its operations.
Peer comparison
Dec 31, 2024