Ingredion Incorporated (INGR)
Net profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 643,000 | 626,000 | 574,000 | 553,000 | 492,000 | 445,000 | 457,000 | 493,000 | 117,000 | 165,000 | 139,000 | 27,000 | 348,000 | 342,000 | 349,000 | 388,000 | 413,000 | 398,000 | 394,000 | 403,000 |
| Revenue (ttm) | US$ in thousands | 8,160,000 | 8,226,000 | 8,216,000 | 8,191,000 | 7,946,000 | 7,714,000 | 7,454,000 | 7,187,000 | 6,909,000 | 6,747,000 | 6,486,000 | 6,058,000 | 5,987,000 | 5,943,000 | 5,898,000 | 5,983,000 | 5,860,000 | 5,737,000 | 5,730,000 | 5,792,000 |
| Net profit margin | 7.88% | 7.61% | 6.99% | 6.75% | 6.19% | 5.77% | 6.13% | 6.86% | 1.69% | 2.45% | 2.14% | 0.45% | 5.81% | 5.75% | 5.92% | 6.49% | 7.05% | 6.94% | 6.88% | 6.96% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $643,000K ÷ $8,160,000K
= 7.88%
The net profit margin of Ingredion Inc has been relatively stable over the past eight quarters, ranging from 5.77% to 7.88%. The company's net profit margin is a measure of its profitability, revealing that for every dollar of revenue generated, Ingredion Inc has been able to retain between 5.77 to 7.88 cents in net profit.
The upward trend in the net profit margin from Q1 2022 to Q4 2023 indicates an improvement in the company's ability to generate profits from its operations and manage its costs efficiently. The consistent performance within this range implies that Ingredion Inc has maintained a healthy level of profitability over this period.
However, the slight decrease in net profit margin from Q4 2023 compared to the previous quarter may suggest a potential need for the company to closely monitor its expenses and optimize its revenue streams to sustain or further improve its profitability levels in the future.
Peer comparison
Dec 31, 2023