INGR - Comprehensive Filing Intelligence

FY•10-K•Filed Feb 17, 2026

6.0/10

Filing Health:GOOD

Solid fundamentals with minor concerns to monitor

Executive Summary

Company is engaged in discussions with the Illinois EPA regarding potential civil or criminal monetary penalties for exceeding air emissions limits at its Bedford Park facility.. F&II-US/CA operating income decreased 16% due to lower volumes and production issues.

Top Concerns

!Gross margins improved due to lower raw material costs, but overall net sales declined due to lower volumes and unfavorable price mix across most segments.
!Operating expenses increased, primarily due to higher employee costs, and F&II-U.S./Canada faced significant challenges impacting its operating income.
!Cash flow generation declined substantially, largely due to a negative shift in working capital driven by increased receivables and inventory.
!Company is engaged in discussions with the Illinois EPA regarding potential civil or criminal monetary penalties for exceeding air emissions limits at its Bedford Park facility.
!Supply Chain and Raw Material Volatility (high)

Top Positives

+Operating income saw a 15% increase, driven by cost efficiencies and improved margins, particularly in the T&HS and F&II-LATAM segments.
+Significant one-time charges and gains in the prior year made year-over-year comparisons of net income and operating income look stronger in 2025.

Analysis Dimensions

Our 5-pass AI analysis examines this filing across multiple dimensions. Each dimension score is derived from direct analysis of SEC filing text.

Narrative Intelligence

7.0/10

Management tone is confidently optimistic with focus on gross profit margin increased to 25 percent in 2025 compared to 24 percent in 2024, primarily due to lower raw material and input costs..

Full analysis includes: tone changes vs prior quarter, margin driver breakdown, forward guidance analysis, strategic priorities.

Accounting Quality

7.0/10

Earnings quality shows moderate accounting practices.

Full analysis includes: reserve and allowance changes, non-recurring item analysis, stock-based compensation impact, disclosure concerns.

Hidden Liabilities

Off-balance sheet risk is low.

Full analysis includes: cloud and purchase commitments, VIE/SPE exposure, covenant compliance status, refinancing risk assessment.

Risk Landscape

4.0/10

Overall risk profile shows supply chain and raw material volatility as primary concern.

Full analysis includes: 8 risk categories with severity, new vs escalated risks, management response assessment, risk trend analysis.

Segment Performance

6.0/10

Segment health analysis shows Texture & Healthful Solutions as strongest performer while Food & Industrial Ingredients–U.S./Canada lags.

Full analysis includes: segment-by-segment revenue breakdown, geographic concentration risk, customer concentration analysis, segment margin trends.