Ingredion Incorporated, together with its subsidiaries, engages in the manufacture and sale of sweeteners, starches, nutrition ingredients, and biomaterial solutions derived from wet milling and processing corn, and other starch-based materials to a range of industries worldwide. The company operates in Texture & Healthful Solutions; Food & Industrial IngredientsLATAM; and Food & Industrial IngredientsU.S./CANADA segments. It offers starch products for …
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Competitive advantage assessment
Key strengths
ROIC Sustainably Above PeersROIC at 87.5th percentile exceeds peers and WACC, demonstrating superior capital allocation.
Cost Leadership PositionOperating margin at 95.5th percentile with strong OpEx control demonstrates cost leadership.
The dashed ring is the peer median. Defense scores are percentile ranks
against peers, so 50 is roughly the typical company in this group.
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Ingredion Incorporated ranks #3 of 73
scored companies in Packaged Foods by moat score — the top 4%.
The widest moat in the group is McCormick & Company, Incorporat (MKC-V)
at 79/100.
Moat scores for companies ranked near INGR in Packaged Foods
Pricing power is the ability to raise prices without losing volume.
Cost Advantage
Score 96
· 15% of the moat score
A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.
Customer Stickiness
Score 73
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year.
Capital Efficiency
Score 85
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business.
Resilience
Score 78
· 17% of the moat score
Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.
Scale & Market Position
Score 77
· 15% of the moat score
Scale matters only when it converts into economics.
Ingredion Incorporated (INGR) scores 78 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as strong. It ranks #3 of 73 scored companies in Packaged Foods, the top 4%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 72 companies in Packaged Foods. Its strongest defense is Cost Advantage (96/100) and its weakest is Pricing Power (68/100).
How does Ingredion Incorporated compare with other Packaged Foods companies?
Ingredion Incorporated ranks #3 of 73 scored companies in Packaged Foods by moat score. The widest moat in Packaged Foods is McCormick & Company, Incorporat (MKC-V) at 79/100. The companies ranked closest are McCormick & Company, Incorporat (MKC) at 79 just above it and BellRing Brands, Inc. (BRBR) at 77 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 72 companies in Packaged Foods. The defenses are then weighted to produce the overall score out of 100.
Why is Ingredion Incorporated scored with the Corporate Default template?
Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.
Which competitive defenses are measured for Ingredion Incorporated?
The Corporate Default template measures 6 defenses, and INGR scores: Pricing Power (68), Cost Advantage (96), Customer Stickiness (73), Capital Efficiency (85), Resilience (78), Scale & Market Position (77). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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