Ingredion Incorporated (INGR)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 931,000 | 955,000 | 867,000 | 856,000 | 839,000 | 787,000 | 763,000 | 740,000 | 668,000 | 622,000 | 614,000 | 623,000 | 248,000 | 313,000 | 293,000 | 182,000 | 506,000 | 514,000 | 521,000 | 579,000 |
| 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 |
| Pretax margin | 12.53% | 12.65% | 11.24% | 10.83% | 10.28% | 9.57% | 9.29% | 9.03% | 8.41% | 8.06% | 8.24% | 8.69% | 3.60% | 4.65% | 4.53% | 3.00% | 8.45% | 8.65% | 8.66% | 9.31% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $931,000K ÷ $7,430,000K
= 12.53%
The pretax margin of Ingredion Incorporated has shown fluctuation over the past few years, ranging from a low of 3.00% in March 31, 2021, to a high of 12.65% in September 30, 2024. The trend in the pretax margin indicates periods of both decline and growth.
From 2021 to 2023, there was a gradual increase in the pretax margin, indicating improved profitability before reaching a peak of 12.65% in September 30, 2024. This could suggest that the company successfully managed its costs and expenses while increasing its revenue during this period.
However, there was a slight dip in pretax margin in December 31, 2023, which was followed by a significant increase in the first half of 2024. This increase could be attributed to various factors such as cost-cutting measures or increased sales revenue.
Overall, the pretax margin of Ingredion Incorporated demonstrates the company's ability to generate profits before taxes relative to its revenue, with fluctuations reflecting changes in its operational efficiency and overall performance in the market.
Peer comparison
Dec 31, 2024