Ingredion Incorporated (INGR)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,062,000 | 1,089,000 | 1,021,000 | 956,000 | 944,000 | 912,000 | 833,000 | 795,000 | 714,000 | 643,000 | 681,000 | 690,000 | 310,000 | 387,000 | 368,000 | 259,000 | 582,000 | 589,000 | 601,000 | 656,000 |
| 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 |
| Operating profit margin | 14.29% | 14.42% | 13.24% | 12.09% | 11.57% | 11.09% | 10.14% | 9.71% | 8.99% | 8.34% | 9.14% | 9.62% | 4.50% | 5.75% | 5.69% | 4.28% | 9.72% | 9.91% | 9.99% | 10.55% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,062,000K ÷ $7,430,000K
= 14.29%
Ingredion Incorporated's operating profit margin has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The operating profit margin started at 10.55% in March 2020, declined to 4.28% by March 2021, and then gradually improved to reach 14.29% by December 31, 2024.
The company experienced a significant drop in its operating profit margin during the first half of 2021 but managed to recover and strengthen its profitability in the following periods. Notably, there was a substantial increase in the operating profit margin from June 30, 2024, to December 31, 2024, where it surged from 13.24% to 14.29%.
Overall, Ingredion Incorporated's operating profit margin demonstrates a positive upward trend in recent years, indicating improved operational efficiency and profitability. However, it is essential for the company to continue monitoring and managing its operating expenses efficiently to sustain and further enhance its profit margins in the future.
Peer comparison
Dec 31, 2024