Ingredion's revenue for Q4 2024 was $1.8 billion1. This indicates a decrease from the previous year's revenue of $2.033 billion for the same quarter2. The decline in revenue can be attributed to lower raw material costs and the sale of the South Korea business.
INGR Total Revenue YoY, Total Revenue
Unfortunately, the data for Ingredion's expenses in Q4 2024 is not available3. However, the company's 10-Q filing for Q3 2024 provides insights into its expense trends. The cost of sales for Q3 2024 was $1,391 million, representing 74% of sales2. This represents a decrease from the previous year's cost of sales ratio of 79% for the same quarter. The decrease in cost ratio was due to lower raw material and input costs. The company reported an operating income of $268 million for Q3 2024, compared to $213 million in the previous year, with the increase attributed to reduced input costs2.
4/14/2025 10:21am
