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

Jacobs Solutions is the larger business by last-quarter revenue ($3.3B vs $1.8B, roughly 1.9× Ingredion Inc). Ingredion Inc runs the higher net margin — 9.5% vs 3.8%, a 5.7% gap on every dollar of revenue. On growth, Jacobs Solutions posted the faster year-over-year revenue change (12.3% vs -2.4%). Jacobs Solutions produced more free cash flow last quarter ($364.9M vs $270.0M). Over the past eight quarters, Ingredion Inc's revenue compounded faster (-3.4% CAGR vs -12.2%).

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.

Jacobs Solutions Inc. is an American international technical professional services firm based in Dallas. The company provides engineering, technical, professional, and construction services as well as scientific and specialty consulting for a broad range of clients globally, including companies, organizations, and government agencies. Jacobs has consistently ranked No.

INGR vs J — Head-to-Head

Bigger by revenue
J
J
1.9× larger
J
$3.3B
$1.8B
INGR
Growing faster (revenue YoY)
J
J
+14.7% gap
J
12.3%
-2.4%
INGR
Higher net margin
INGR
INGR
5.7% more per $
INGR
9.5%
3.8%
J
More free cash flow
J
J
$94.9M more FCF
J
$364.9M
$270.0M
INGR
Faster 2-yr revenue CAGR
INGR
INGR
Annualised
INGR
-3.4%
-12.2%
J

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
INGR
INGR
J
J
Revenue
$1.8B
$3.3B
Net Profit
$167.0M
$125.5M
Gross Margin
24.5%
23.2%
Operating Margin
12.5%
7.1%
Net Margin
9.5%
3.8%
Revenue YoY
-2.4%
12.3%
Net Profit YoY
72.2%
792.3%
EPS (diluted)
$2.58
$1.12

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
INGR
INGR
J
J
Q4 25
$1.8B
$3.3B
Q3 25
$1.8B
$3.2B
Q2 25
$1.8B
$3.0B
Q1 25
$1.8B
$2.9B
Q4 24
$1.8B
$2.9B
Q3 24
$1.9B
$-1.2B
Q2 24
$1.9B
$4.2B
Q1 24
$1.9B
$4.3B
Net Profit
INGR
INGR
J
J
Q4 25
$167.0M
$125.5M
Q3 25
$171.0M
$122.2M
Q2 25
$196.0M
$179.6M
Q1 25
$197.0M
$5.6M
Q4 24
$97.0M
$-18.1M
Q3 24
$188.0M
$325.4M
Q2 24
$148.0M
$146.9M
Q1 24
$216.0M
$162.1M
Gross Margin
INGR
INGR
J
J
Q4 25
24.5%
23.2%
Q3 25
25.1%
24.3%
Q2 25
26.0%
25.0%
Q1 25
25.7%
25.4%
Q4 24
24.9%
24.6%
Q3 24
25.6%
Q2 24
23.7%
21.7%
Q1 24
22.2%
21.2%
Operating Margin
INGR
INGR
J
J
Q4 25
12.5%
7.1%
Q3 25
13.7%
6.7%
Q2 25
14.8%
7.8%
Q1 25
15.2%
7.2%
Q4 24
9.0%
7.1%
Q3 24
14.3%
Q2 24
12.8%
6.2%
Q1 24
11.3%
6.6%
Net Margin
INGR
INGR
J
J
Q4 25
9.5%
3.8%
Q3 25
9.4%
3.9%
Q2 25
10.7%
5.9%
Q1 25
10.9%
0.2%
Q4 24
5.4%
-0.6%
Q3 24
10.1%
-28.1%
Q2 24
7.9%
3.5%
Q1 24
11.5%
3.8%
EPS (diluted)
INGR
INGR
J
J
Q4 25
$2.58
$1.12
Q3 25
$2.61
$0.88
Q2 25
$2.99
$1.55
Q1 25
$3.00
$0.06
Q4 24
$1.43
$-0.11
Q3 24
$2.83
$2.50
Q2 24
$2.22
$1.17
Q1 24
$3.23
$1.28

Balance Sheet & Financial Strength

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

Metric
INGR
INGR
J
J
Cash + ST InvestmentsLiquidity on hand
$1.0B
$1.6B
Total DebtLower is stronger
Stockholders' EquityBook value
$4.3B
$3.4B
Total Assets
$7.9B
$11.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INGR
INGR
J
J
Q4 25
$1.0B
$1.6B
Q3 25
$915.0M
$1.2B
Q2 25
$861.0M
$1.3B
Q1 25
$837.0M
$1.2B
Q4 24
$997.0M
$1.3B
Q3 24
$877.0M
$1.1B
Q2 24
$505.0M
$1.2B
Q1 24
$438.0M
$1.0B
Stockholders' Equity
INGR
INGR
J
J
Q4 25
$4.3B
$3.4B
Q3 25
$4.2B
$3.6B
Q2 25
$4.2B
$3.8B
Q1 25
$4.0B
$3.9B
Q4 24
$3.8B
$4.2B
Q3 24
$4.0B
$4.5B
Q2 24
$3.7B
$6.6B
Q1 24
$3.7B
$6.6B
Total Assets
INGR
INGR
J
J
Q4 25
$7.9B
$11.6B
Q3 25
$7.8B
$11.3B
Q2 25
$7.8B
$11.4B
Q1 25
$7.5B
$11.2B
Q4 24
$7.4B
$11.6B
Q3 24
$7.5B
$11.8B
Q2 24
$7.2B
$15.0B
Q1 24
$7.3B
$14.9B

Cash Flow & Capital Efficiency

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

Metric
INGR
INGR
J
J
Operating Cash FlowLast quarter
$405.0M
$380.8M
Free Cash FlowOCF − Capex
$270.0M
$364.9M
FCF MarginFCF / Revenue
15.4%
11.1%
Capex IntensityCapex / Revenue
7.7%
0.5%
Cash ConversionOCF / Net Profit
2.43×
3.03×
TTM Free Cash FlowTrailing 4 quarters
$511.0M
$875.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INGR
INGR
J
J
Q4 25
$405.0M
$380.8M
Q3 25
$277.0M
$383.1M
Q2 25
$185.0M
$292.6M
Q1 25
$77.0M
$-96.4M
Q4 24
$436.0M
$107.5M
Q3 24
$479.0M
$196.5M
Q2 24
$312.0M
$482.6M
Q1 24
$209.0M
$-42.8M
Free Cash Flow
INGR
INGR
J
J
Q4 25
$270.0M
$364.9M
Q3 25
$172.0M
$353.5M
Q2 25
$84.0M
$270.5M
Q1 25
$-15.0M
$-113.7M
Q4 24
$311.0M
$97.1M
Q3 24
$429.0M
$158.2M
Q2 24
$257.0M
$444.9M
Q1 24
$144.0M
$-70.6M
FCF Margin
INGR
INGR
J
J
Q4 25
15.4%
11.1%
Q3 25
9.5%
11.2%
Q2 25
4.6%
8.9%
Q1 25
-0.8%
-3.9%
Q4 24
17.3%
3.3%
Q3 24
22.9%
-13.6%
Q2 24
13.7%
10.5%
Q1 24
7.7%
-1.7%
Capex Intensity
INGR
INGR
J
J
Q4 25
7.7%
0.5%
Q3 25
5.8%
0.9%
Q2 25
5.5%
0.7%
Q1 25
5.1%
0.6%
Q4 24
6.9%
0.4%
Q3 24
2.7%
-3.3%
Q2 24
2.9%
0.9%
Q1 24
3.5%
0.7%
Cash Conversion
INGR
INGR
J
J
Q4 25
2.43×
3.03×
Q3 25
1.62×
3.13×
Q2 25
0.94×
1.63×
Q1 25
0.39×
-17.18×
Q4 24
4.49×
Q3 24
2.55×
0.60×
Q2 24
2.11×
3.28×
Q1 24
0.97×
-0.26×

Financial Flow Comparison

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

Revenue Breakdown by Segment

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%

J
J

Infrastructure Advanced Facilities$2.9B89%
PA Consulting$354.4M11%

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