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Side-by-side financial comparison of GLOBALFOUNDRIES Inc. (GFS) and Ingredion Inc (INGR). Click either name above to swap in a different company.

Ingredion Inc is the larger business by last-quarter revenue ($1.8B vs $1.7B, roughly 1.0× GLOBALFOUNDRIES Inc.). GLOBALFOUNDRIES Inc. runs the higher net margin — 14.8% vs 9.5%, a 5.2% gap on every dollar of revenue. On growth, Ingredion Inc posted the faster year-over-year revenue change (-2.4% vs -2.9%). Over the past eight quarters, Ingredion Inc's revenue compounded faster (-3.4% CAGR vs -4.3%).

GlobalFoundries Inc. is a multinational semiconductor contract manufacturing and design company domiciled in the Cayman Islands and headquartered in Malta, New York. Created by the divestiture of the manufacturing arm of AMD in March 2009, the company was privately owned by Mubadala Investment Company, a sovereign wealth fund of the United Arab Emirates, until an initial public offering (IPO) in October 2021. Mubadala remains the majority owner of the company with an 82% stake.

Ingredion Inc. is an American food and beverage ingredient provider based in Westchester, Illinois, producing mainly starches, non-GMO sweeteners, stevia, and pea protein. The company turns corn, tapioca, potatoes, plant-based stevia, grains, fruits, gums and other vegetables into ingredients for the food, beverage, brewing, and pharmaceutical industries and numerous industrial sectors. It has about 12,000 employees in 44 locations, and customers in excess of 120 countries.

GFS vs INGR — Head-to-Head

Bigger by revenue
INGR
INGR
1.0× larger
INGR
$1.8B
$1.7B
GFS
Growing faster (revenue YoY)
INGR
INGR
+0.5% gap
INGR
-2.4%
-2.9%
GFS
Higher net margin
GFS
GFS
5.2% more per $
GFS
14.8%
9.5%
INGR
Faster 2-yr revenue CAGR
INGR
INGR
Annualised
INGR
-3.4%
-4.3%
GFS

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
GFS
GFS
INGR
INGR
Revenue
$1.7B
$1.8B
Net Profit
$249.0M
$167.0M
Gross Margin
24.8%
24.5%
Operating Margin
11.6%
12.5%
Net Margin
14.8%
9.5%
Revenue YoY
-2.9%
-2.4%
Net Profit YoY
39.9%
72.2%
EPS (diluted)
$0.44
$2.58

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
GFS
GFS
INGR
INGR
Q4 25
$1.8B
Q3 25
$1.7B
$1.8B
Q2 25
$1.7B
$1.8B
Q1 25
$1.6B
$1.8B
Q4 24
$1.8B
Q3 24
$1.7B
$1.9B
Q2 24
$1.6B
$1.9B
Q1 24
$1.5B
$1.9B
Net Profit
GFS
GFS
INGR
INGR
Q4 25
$167.0M
Q3 25
$249.0M
$171.0M
Q2 25
$228.0M
$196.0M
Q1 25
$211.0M
$197.0M
Q4 24
$97.0M
Q3 24
$178.0M
$188.0M
Q2 24
$155.0M
$148.0M
Q1 24
$134.0M
$216.0M
Gross Margin
GFS
GFS
INGR
INGR
Q4 25
24.5%
Q3 25
24.8%
25.1%
Q2 25
24.2%
26.0%
Q1 25
22.4%
25.7%
Q4 24
24.9%
Q3 24
23.8%
25.6%
Q2 24
24.2%
23.7%
Q1 24
25.4%
22.2%
Operating Margin
GFS
GFS
INGR
INGR
Q4 25
12.5%
Q3 25
11.6%
13.7%
Q2 25
11.6%
14.8%
Q1 25
9.5%
15.2%
Q4 24
9.0%
Q3 24
10.6%
14.3%
Q2 24
9.5%
12.8%
Q1 24
9.5%
11.3%
Net Margin
GFS
GFS
INGR
INGR
Q4 25
9.5%
Q3 25
14.8%
9.4%
Q2 25
13.5%
10.7%
Q1 25
13.3%
10.9%
Q4 24
5.4%
Q3 24
10.2%
10.1%
Q2 24
9.5%
7.9%
Q1 24
8.7%
11.5%
EPS (diluted)
GFS
GFS
INGR
INGR
Q4 25
$2.58
Q3 25
$0.44
$2.61
Q2 25
$0.41
$2.99
Q1 25
$0.38
$3.00
Q4 24
$1.43
Q3 24
$0.32
$2.83
Q2 24
$0.28
$2.22
Q1 24
$0.24
$3.23

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GFS
GFS
INGR
INGR
Cash + ST InvestmentsLiquidity on hand
$2.0B
$1.0B
Total DebtLower is stronger
Stockholders' EquityBook value
$11.8B
$4.3B
Total Assets
$16.7B
$7.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GFS
GFS
INGR
INGR
Q4 25
$1.0B
Q3 25
$2.0B
$915.0M
Q2 25
$1.8B
$861.0M
Q1 25
$1.6B
$837.0M
Q4 24
$997.0M
Q3 24
$2.3B
$877.0M
Q2 24
$2.2B
$505.0M
Q1 24
$2.2B
$438.0M
Stockholders' Equity
GFS
GFS
INGR
INGR
Q4 25
$4.3B
Q3 25
$11.8B
$4.2B
Q2 25
$11.5B
$4.2B
Q1 25
$11.1B
$4.0B
Q4 24
$3.8B
Q3 24
$11.6B
$4.0B
Q2 24
$11.3B
$3.7B
Q1 24
$11.3B
$3.7B
Total Assets
GFS
GFS
INGR
INGR
Q4 25
$7.9B
Q3 25
$16.7B
$7.8B
Q2 25
$16.8B
$7.8B
Q1 25
$16.5B
$7.5B
Q4 24
$7.4B
Q3 24
$18.1B
$7.5B
Q2 24
$7.2B
Q1 24
$7.3B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
GFS
GFS
INGR
INGR
Operating Cash FlowLast quarter
$595.0M
$405.0M
Free Cash FlowOCF − Capex
$270.0M
FCF MarginFCF / Revenue
15.4%
Capex IntensityCapex / Revenue
7.7%
Cash ConversionOCF / Net Profit
2.39×
2.43×
TTM Free Cash FlowTrailing 4 quarters
$511.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GFS
GFS
INGR
INGR
Q4 25
$405.0M
Q3 25
$595.0M
$277.0M
Q2 25
$431.0M
$185.0M
Q1 25
$331.0M
$77.0M
Q4 24
$436.0M
Q3 24
$375.0M
$479.0M
Q2 24
$402.0M
$312.0M
Q1 24
$488.0M
$209.0M
Free Cash Flow
GFS
GFS
INGR
INGR
Q4 25
$270.0M
Q3 25
$172.0M
Q2 25
$84.0M
Q1 25
$-15.0M
Q4 24
$311.0M
Q3 24
$429.0M
Q2 24
$257.0M
Q1 24
$144.0M
FCF Margin
GFS
GFS
INGR
INGR
Q4 25
15.4%
Q3 25
9.5%
Q2 25
4.6%
Q1 25
-0.8%
Q4 24
17.3%
Q3 24
22.9%
Q2 24
13.7%
Q1 24
7.7%
Capex Intensity
GFS
GFS
INGR
INGR
Q4 25
7.7%
Q3 25
5.8%
Q2 25
5.5%
Q1 25
5.1%
Q4 24
6.9%
Q3 24
2.7%
Q2 24
2.9%
Q1 24
3.5%
Cash Conversion
GFS
GFS
INGR
INGR
Q4 25
2.43×
Q3 25
2.39×
1.62×
Q2 25
1.89×
0.94×
Q1 25
1.57×
0.39×
Q4 24
4.49×
Q3 24
2.11×
2.55×
Q2 24
2.59×
2.11×
Q1 24
3.64×
0.97×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

GFS
GFS

Smart Mobile Devices$752.0M45%
Automotive$306.0M18%
Home And Industrial Io T$258.0M15%
Goods Or Services Transferred Over Time$198.0M12%
Communications Infrastructure Datacenter$175.0M10%

INGR
INGR

Food And Industrial Ingredients LATAM Segment$599.0M34%
Texture And Healthful Solutions Segment$598.0M34%
Food And Industrial Ingredients U.S.Canada Segment$486.0M28%
Other$74.0M4%

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