INGREDION INCORPORATED

The business, in plain English

INGREDION INCORPORATED booked $7.2B of revenue in FY2025 in the Consumer Staples sector and kept 25.3% of it as gross profit — a moderate-margin business by that measure. After every other cost, 10.1% of each revenue dollar reached the bottom line.

Across the filed record, revenue grew from $3.9B (FY2008) to $7.2B (FY2025) — about 3.6% a year compounded over 17 years.

It earned 15.3% on invested capital in the latest filed year, FY2025. Across the full 17-year measurable filed record, median ROIC was 13.9%. Over the v3 recent window (10 measurable filed years), median ROIC was 12.9%. The Returns on Capital filter above scores it 55/100.

The balance sheet carried $1.8B of total debt in FY2025 against $729M of owner earnings — roughly 2.5 years of owner earnings to retire it all. Balance-Sheet Safety scores it 92/100.

Put together: Balance-Sheet Safety is the strongest of the five filters (92/100) and Pricing Power the weakest (33/100), which is how INGR lands at 66/100 — a Narrow moat.

This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.