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- Ingredion
Ingredion Valuation Multiples
Discover revenue and EBITDA valuation multiples for Ingredion and similar public comparables like Conagra Brands, AAK, Primo Brands, Sam Yang Foods and more.
Ingredion Overview
About Ingredion
Ingredion is an ingredients provider for the food, beverage, brewing, and animal nutrition industries. The company processes corn, tapioca, potatoes, stevia, grains, fruits, gums, and vegetables into value-added ingredients. The company sells specialty ingredients that include starch-based texturizers and natural alternative sweeteners such as stevia. Ingredion also sells commodity ingredients that include sweeteners, such as high-fructose corn syrup, and starches, such as those used for sustainable packaging, as well as plant-based proteins.
Founded
1997
HQ

Employees
11.2K
Website
Financials (LTM)
EV
$8B
Ingredion Financials
Ingredion reported last 12-month revenue of $7B and EBITDA of $1B.
In the same LTM period, Ingredion generated $2B in gross profit, $1B in EBITDA, and $730M in net income.
Revenue (LTM)
Ingredion P&L
In the most recent fiscal year, Ingredion reported revenue of $7B and EBITDA of $1B.
Ingredion expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $7B | XXX | $7B | XXX | XXX | XXX |
| Gross Profit | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Margin | 26% | XXX | 25% | XXX | XXX | XXX |
| EBITDA | $1B | XXX | $1B | XXX | XXX | XXX |
| EBITDA Margin | 17% | XXX | 17% | XXX | XXX | XXX |
| EBIT Margin | 14% | XXX | 14% | XXX | XXX | XXX |
| Net Profit | $730M | XXX | $729M | XXX | XXX | XXX |
| Net Margin | 10% | XXX | 10% | XXX | XXX | XXX |
| Net Debt | — | — | $760M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Ingredion Stock Performance
Ingredion has current market cap of $7B, and enterprise value of $8B.
Market Cap Evolution
Ingredion's stock price is $115.25.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $8B | $7B | 0.0% | XXX | XXX | XXX | $11.56 |
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Start Free TrialIngredion Valuation Multiples
Ingredion trades at 1.1x EV/Revenue multiple, and 6.6x EV/EBITDA.
EV / Revenue (LTM)
Ingredion Financial Valuation Multiples
As of April 19, 2026, Ingredion has market cap of $7B and EV of $8B.
Equity research analysts estimate Ingredion's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Ingredion has a P/E ratio of 10.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $7B | XXX | $7B | XXX | XXX | XXX |
| EV (current) | $8B | XXX | $8B | XXX | XXX | XXX |
| EV/Revenue | 1.1x | XXX | 1.1x | XXX | XXX | XXX |
| EV/EBITDA | 6.6x | XXX | 6.6x | XXX | XXX | XXX |
| EV/EBIT | 8.0x | XXX | 7.9x | XXX | XXX | XXX |
| EV/Gross Profit | 4.3x | XXX | 4.5x | XXX | XXX | XXX |
| P/E | 10.0x | XXX | 10.0x | XXX | XXX | XXX |
| EV/FCF | 19.0x | XXX | 16.1x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Ingredion Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Ingredion Margins & Growth Rates
Ingredion's revenue in the last 12 month grew by 2%.
Ingredion's revenue per employee in the last FY averaged $0.6M, while opex per employee averaged $0.1M for the same period.
Ingredion's rule of 40 is 19% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Ingredion's rule of X is 21% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Ingredion Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 2% | XXX | 2% | XXX | XXX | XXX |
| EBITDA Margin | 17% | XXX | 17% | XXX | XXX | XXX |
| EBITDA Growth | 2% | XXX | 1% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 19% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 21% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.6M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 11% | XXX | 11% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 11% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Ingredion Public Comps
See public comps and valuation multiples for other Food & Beverages and Plant-Based Food comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Ingredion | XXX | XXX | XXX | XXX | XXX | XXX |
| Conagra Brands | XXX | XXX | XXX | XXX | XXX | XXX |
| AAK | XXX | XXX | XXX | XXX | XXX | XXX |
| Primo Brands | XXX | XXX | XXX | XXX | XXX | XXX |
| Sam Yang Foods | XXX | XXX | XXX | XXX | XXX | XXX |
| Barry Callebaut | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Ingredion M&A Activity
Ingredion acquired XXX companies to date.
Last acquisition by Ingredion was on XXXXXXXX, XXXXX. Ingredion acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Ingredion
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialIngredion Investment Activity
Ingredion invested in XXX companies to date.
Ingredion made its latest investment on XXXXXXXX, XXXXX. Ingredion invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Ingredion
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Ingredion
| When was Ingredion founded? | Ingredion was founded in 1997. |
| Where is Ingredion headquartered? | Ingredion is headquartered in United States. |
| How many employees does Ingredion have? | As of today, Ingredion has over 11K employees. |
| Who is the CEO of Ingredion? | Ingredion's CEO is James P. Zallie. |
| Is Ingredion publicly listed? | Yes, Ingredion is a public company listed on NYSE. |
| What is the stock symbol of Ingredion? | Ingredion trades under INGR ticker. |
| When did Ingredion go public? | Ingredion went public in 1997. |
| Who are competitors of Ingredion? | Ingredion main competitors are Conagra Brands, AAK, Primo Brands, Sam Yang Foods. |
| What is the current market cap of Ingredion? | Ingredion's current market cap is $7B. |
| What is the current revenue of Ingredion? | Ingredion's last 12 months revenue is $7B. |
| What is the current revenue growth of Ingredion? | Ingredion revenue growth (NTM/LTM) is 2%. |
| What is the current EV/Revenue multiple of Ingredion? | Current revenue multiple of Ingredion is 1.1x. |
| Is Ingredion profitable? | Yes, Ingredion is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Ingredion? | Ingredion's last 12 months EBITDA is $1B. |
| What is Ingredion's EBITDA margin? | Ingredion's last 12 months EBITDA margin is 17%. |
| What is the current EV/EBITDA multiple of Ingredion? | Current EBITDA multiple of Ingredion is 6.6x. |
| What is the current FCF of Ingredion? | Ingredion's last 12 months FCF is $433M. |
| What is Ingredion's FCF margin? | Ingredion's last 12 months FCF margin is 6%. |
| What is the current EV/FCF multiple of Ingredion? | Current FCF multiple of Ingredion is 19.0x. |
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