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TickerINGR
SectorPackaged Foods
Mkt cap$6.8B
EV / EBITDA6.6×
PostureHigh Velocity
Composite70/100
LensBuyer-side
SE-Cluster Research·Issuer Brief·Q2 2026CIK 1046257

Ingredion Incorporated

INGRHIGH VELOCITYFILING INTENSITY

Ingredion Incorporated reads as an High Velocity (composite 70/100); Consistent Strategic Buyer deploying $0 across 0 disclosed transactions, down 100% vs the prior cycle · primary market Consumer Products.

Lens

Disclosed M&A capital (2023–2025)

N/A

−99%

vs N/A in 2020–2022

Disclosed transactions

N/A

−99%

0/3 active fiscal years in window

Buyer archetype

Consistent Strategic Buyer

Meaningful spend appears across repeat years.

Composite score

70

/100

High Velocity dominates · Filing Intensity

Financial snapshot
Revenue$7.2B
EBITDA$1.2B
Enterprise value$7.7B
EV / Revenue1.1×
EV / EBITDA6.6×
P/EN/A
Cash$914M
Total debt$83M
as of 2026-05-10
§ I·SE-Cluster Issuer Brief

Behavioral posture, nine reads.

Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.

Active Acquirer

38/100

Companies actively deploying disclosed capital into M&A

  • $2.6B disclosed buyer spend

Buyer Cadence

19/100

Buyer-side companies with recent filing activity

  • Filed within 32d
  • 255 8-Ks

Target Probability

16/100

Issuers showing target-side patterns from filings

  • 3 activism filings

Spin/Carve

2/100

Issuers showing spin-off, carve-out, or sum-of-parts posture

  • 4 spin pre-registrations
  • Latest event 29y ago; heavily discounted
  • 3 activism filings

Pressure Watch

14/100

Issuers facing activism, governance, or control pressure

  • 3 activism filings
  • Latest activism 22y ago; heavily discounted

Distress Watch

14/100

Issuers showing financial-distress filing patterns

  • 3 activism filings

Restatement Risk

0/100

Issuers with accounting-integrity flags from filings

Capital Velocity

Dominant
70/100

Issuers with the highest filing-activity intensity

  • 255 8-Ks
  • 5 form types

Quiet Power

0/100

Large issuers with low signal volume and clean disclosure cadence

  • Enterprise value $7.7B
  • 10-Q 32d ago
  • 3 active signals
§ II·SE-Cluster Issuer Brief

Capital cadence.

Ten-year disclosed M&A activity. Bars show spend ($MM); ticks show recorded transaction count. Disclosure tier annotated where v6 audited corpus carries an entry.

16
17
18
19
20
21
22
23
24
25

Disclosed spend $MM Disclosed transactions (right axis)Peak spend year: $407M · Peak count: 2

FYDisclosed buysDisclosed spendAvg ticketAudited tier
2025N/AN/AN/AN/A
2024N/AN/AN/AN/A
2023N/AN/AN/AN/A
2022N/A$29MN/AN/A
2021N/A$40MN/AN/A
20202$236M$118MN/A
§ III·SE-Cluster Issuer Brief

Strategy posture.

The buyer's playbook in terms of strategic archetype: what each disclosed move says about how they're deploying capital.

Archetype mix

  • Geographic Expansion
    25%
  • Bolt On
    25%
  • Platform
    25%
  • Horizontal Consolidation
    25%

Strategy keywords

Terms recurring across recent 10-K acquisition disclosures.

  • geographic_expansion
  • bolt_on
  • horizontal_consolidation
  • platform
§ IV·SE-Cluster Issuer Brief

Filing language.

Direct excerpts from acquisition disclosures and strategy sections: the verbs the buyer chose, in the filings they signed.

The acquisition will provide Ingredion with an enhanced portfolio of specialty and industrial products and further improve our ability to offer customers a broad range of value added ingredient solutions

10-KFY2014

During 2022, we purchased $46 million of outstanding PureCircle minority shares to increase our ownership from the 75 percent controlling interest

10-KFY2022

On April 1, 2021, we acquired KaTech, a German-based provider of advanced texture and stabilization solutions to the food and beverage industry.

10-KFY2021

consolidation process has commenced and is expected to be complete by the end of 2016

10-KFY2015

We are continuing to make strategic investments in Asia.

10-KFY2022
§ V·SE-Cluster Issuer Brief

Market context.

Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.

Primary market

Consumer Products

Market spend (2023–2025)
$145.2B
Market spend (2020–2022)
$102.1B
Recent vs prior
+42%
Issuer rank in market
N/A
Share of market capital
0.0%

Valuation positioning

6.6×EV / EBITDA

INGR trades at a -5.6-turn discount to the Consumer Products peer median of 12.2×.

EV / Revenue
1.1×
Net debt / EBITDA
-0.7×
Peer median EV / EBITDA
12.2×

Trading comparables

FMP market data · 2026-05-10

CompanyEV / EBITDAEV / RevNet debt / EBITDARevenueM&A 2023–2025
15.7×2.3×2.0×$164.7B$24.6B
8.7×1.3×-0.1×$10B$5.5B
Ingredion IncorporatedINGR
6.6×1.1×-0.7×$7.2BN/A

Trading multiples from FMP market data; disclosed M&A spend from the SE-Cluster EDGAR 10-K corpus. Peer set = top disclosed buyers in Consumer Products. Bars scaled to the highest EV/EBITDA in the set.

§ VI·SE-Cluster Issuer Brief

Target landscape.

Public-issuer targets that fit this buyer's archetype and target categories from filing-derived signal. Scores reflect cross-signal fit; reasons cite the EDGAR-anchored facts that drove the match.

No qualifying public-issuer targets surfaced from the current signal mix.

Stated target categories

No target categories enumerated in the audited corpus for this issuer.

§ VII·SE-Cluster Issuer Brief

Filing activity & signal stream.

Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.

Filing cadence

  • 10-K (annual)332026-02-17
  • 10-Q (quarterly)922026-05-08
  • 8-K (event)2552026-05-05
  • Proxy / DEF 14A462026-04-08
  • Activism (13D / DFAN / PREC)32004-10-25

Signals on file

  • elevated

    Spin registration

    1997-12-04

    4 Form 10-12 filings on file; pre-spin registration.

  • elevated

    Activism on file

    2004-10-25

    3 activist filings on file (13D, DFAN14A, PREC14A series).

  • info

    Signal

    Serial acquisition history

  • info

    Signal

    10-K strategy themes

  • info

    Signal

    Spin/Carve candidate

§ VIII·SE-Cluster Issuer Brief

Audited corpus.

No audited record on file for this CIK in the current v6 corpus.

This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.