Ingredion Incorporated (INGR)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 931,000 | 839,000 | 668,000 | 248,000 | 506,000 |
| Revenue | US$ in thousands | 7,430,000 | 8,160,000 | 7,946,000 | 6,894,000 | 5,987,000 |
| Pretax margin | 12.53% | 10.28% | 8.41% | 3.60% | 8.45% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $931,000K ÷ $7,430,000K
= 12.53%
The pretax margin of Ingredion Incorporated has shown fluctuations over the past five years. Starting at 8.45% on December 31, 2020, it decreased to 3.60% by December 31, 2021, indicating a significant drop in profitability. However, the company managed to improve its performance in the following years, with the pretax margin increasing to 8.41% by December 31, 2022, 10.28% by December 31, 2023, and reaching 12.53% by December 31, 2024.
This upward trend in pretax margin reflects the company's ability to effectively manage its operating expenses and generate higher profits before taxes. The improvement in profitability over the years suggests that Ingredion has implemented strategies to enhance operational efficiency and optimize its cost structure. Investors and stakeholders may view this positive trend as a signal of the company's stronger financial health and sustainable growth potential.
Peer comparison
Dec 31, 2024