Ingredion Incorporated (INGR)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 831,000 | 780,000 | 755,000 | 730,000 | 658,000 | 612,000 | 606,000 | 615,000 | 240,000 | 305,000 | 285,000 | 176,000 | 500,000 | 505,000 | 510,000 | 567,000 | 571,000 | 559,000 | 551,000 | 568,000 |
| 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 |
| Pretax margin | 10.18% | 9.48% | 9.19% | 8.91% | 8.28% | 7.93% | 8.13% | 8.56% | 3.47% | 4.52% | 4.39% | 2.91% | 8.35% | 8.50% | 8.65% | 9.48% | 9.74% | 9.74% | 9.62% | 9.81% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $831,000K ÷ $8,160,000K
= 10.18%
Ingredion Inc's pretax margin has shown a positive trend over the past eight quarters, reflecting the company's ability to generate profits before accounting for taxes. The pretax margin has consistently increased from 8.41% in Q4 2022 to 10.28% in Q4 2023, indicating improved efficiency in managing costs and generating revenues. This steady improvement suggests that Ingredion Inc has been effectively controlling operating expenses and optimizing its revenue streams. The pretax margin exceeding 10% in the latest quarter demonstrates the company's strong performance in converting sales into profits. Overall, the upward trend in pretax margin signifies Ingredion Inc's solid financial performance and potential for sustainable profitability.
Peer comparison
Dec 31, 2023