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Side-by-side financial comparison of Ingredion Inc (INGR) and Option Care Health, Inc. (OPCH). Click either name above to swap in a different company.

Ingredion Inc is the larger business by last-quarter revenue ($1.8B vs $1.4B, roughly 1.2× Option Care Health, Inc.). Ingredion Inc runs the higher net margin — 9.5% vs 3.6%, a 5.9% gap on every dollar of revenue. On growth, Option Care Health, Inc. posted the faster year-over-year revenue change (12.2% vs -2.4%). Ingredion Inc produced more free cash flow last quarter ($270.0M vs $130.2M). Over the past eight quarters, Option Care Health, Inc.'s revenue compounded faster (13.0% CAGR vs -3.4%).

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.

GE Healthcare Technologies, Inc. is an American health technology company based in Chicago, Illinois. The company, which stylizes its own name as GE HealthCare, operates four divisions: Medical imaging, which includes molecular imaging, computed tomography, magnetic resonance, women’s health screening and X-ray systems; Ultrasound; Patient Care Solutions, which is focused on remote patient monitoring, anesthesia and respiratory care, diagnostic cardiology, and infant care; and Pharmaceutical ...

INGR vs OPCH — Head-to-Head

Bigger by revenue
INGR
INGR
1.2× larger
INGR
$1.8B
$1.4B
OPCH
Growing faster (revenue YoY)
OPCH
OPCH
+14.6% gap
OPCH
12.2%
-2.4%
INGR
Higher net margin
INGR
INGR
5.9% more per $
INGR
9.5%
3.6%
OPCH
More free cash flow
INGR
INGR
$139.8M more FCF
INGR
$270.0M
$130.2M
OPCH
Faster 2-yr revenue CAGR
OPCH
OPCH
Annualised
OPCH
13.0%
-3.4%
INGR

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
INGR
INGR
OPCH
OPCH
Revenue
$1.8B
$1.4B
Net Profit
$167.0M
$51.8M
Gross Margin
24.5%
19.0%
Operating Margin
12.5%
5.9%
Net Margin
9.5%
3.6%
Revenue YoY
-2.4%
12.2%
Net Profit YoY
72.2%
-3.8%
EPS (diluted)
$2.58
$0.32

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
OPCH
OPCH
Q4 25
$1.8B
Q3 25
$1.8B
$1.4B
Q2 25
$1.8B
$1.4B
Q1 25
$1.8B
$1.3B
Q4 24
$1.8B
$1.3B
Q3 24
$1.9B
$1.3B
Q2 24
$1.9B
$1.2B
Q1 24
$1.9B
$1.1B
Net Profit
INGR
INGR
OPCH
OPCH
Q4 25
$167.0M
Q3 25
$171.0M
$51.8M
Q2 25
$196.0M
$50.5M
Q1 25
$197.0M
$46.7M
Q4 24
$97.0M
$60.1M
Q3 24
$188.0M
$53.9M
Q2 24
$148.0M
$53.0M
Q1 24
$216.0M
$44.8M
Gross Margin
INGR
INGR
OPCH
OPCH
Q4 25
24.5%
Q3 25
25.1%
19.0%
Q2 25
26.0%
19.0%
Q1 25
25.7%
19.7%
Q4 24
24.9%
21.3%
Q3 24
25.6%
20.1%
Q2 24
23.7%
20.3%
Q1 24
22.2%
20.8%
Operating Margin
INGR
INGR
OPCH
OPCH
Q4 25
12.5%
Q3 25
13.7%
5.9%
Q2 25
14.8%
5.8%
Q1 25
15.2%
5.9%
Q4 24
9.0%
6.9%
Q3 24
14.3%
6.7%
Q2 24
12.8%
6.6%
Q1 24
11.3%
6.0%
Net Margin
INGR
INGR
OPCH
OPCH
Q4 25
9.5%
Q3 25
9.4%
3.6%
Q2 25
10.7%
3.6%
Q1 25
10.9%
3.5%
Q4 24
5.4%
4.8%
Q3 24
10.1%
4.2%
Q2 24
7.9%
4.3%
Q1 24
11.5%
3.9%
EPS (diluted)
INGR
INGR
OPCH
OPCH
Q4 25
$2.58
Q3 25
$2.61
$0.32
Q2 25
$2.99
$0.31
Q1 25
$3.00
$0.28
Q4 24
$1.43
$0.36
Q3 24
$2.83
$0.31
Q2 24
$2.22
$0.30
Q1 24
$3.23
$0.26

Balance Sheet & Financial Strength

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

Metric
INGR
INGR
OPCH
OPCH
Cash + ST InvestmentsLiquidity on hand
$1.0B
$309.8M
Total DebtLower is stronger
$1.2B
Stockholders' EquityBook value
$4.3B
$1.4B
Total Assets
$7.9B
$3.5B
Debt / EquityLower = less leverage
0.86×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INGR
INGR
OPCH
OPCH
Q4 25
$1.0B
Q3 25
$915.0M
$309.8M
Q2 25
$861.0M
$198.8M
Q1 25
$837.0M
$171.4M
Q4 24
$997.0M
$412.6M
Q3 24
$877.0M
$483.0M
Q2 24
$505.0M
$376.9M
Q1 24
$438.0M
$219.5M
Total Debt
INGR
INGR
OPCH
OPCH
Q4 25
Q3 25
$1.2B
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$1.1B
Q1 24
$1.1B
Stockholders' Equity
INGR
INGR
OPCH
OPCH
Q4 25
$4.3B
Q3 25
$4.2B
$1.4B
Q2 25
$4.2B
$1.4B
Q1 25
$4.0B
$1.4B
Q4 24
$3.8B
$1.4B
Q3 24
$4.0B
$1.4B
Q2 24
$3.7B
$1.4B
Q1 24
$3.7B
$1.4B
Total Assets
INGR
INGR
OPCH
OPCH
Q4 25
$7.9B
Q3 25
$7.8B
$3.5B
Q2 25
$7.8B
$3.4B
Q1 25
$7.5B
$3.3B
Q4 24
$7.4B
$3.4B
Q3 24
$7.5B
$3.4B
Q2 24
$7.2B
$3.3B
Q1 24
$7.3B
$3.2B
Debt / Equity
INGR
INGR
OPCH
OPCH
Q4 25
Q3 25
0.86×
Q2 25
0.82×
Q1 25
0.82×
Q4 24
0.79×
Q3 24
0.78×
Q2 24
0.79×
Q1 24
0.74×

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
OPCH
OPCH
Operating Cash FlowLast quarter
$405.0M
$139.4M
Free Cash FlowOCF − Capex
$270.0M
$130.2M
FCF MarginFCF / Revenue
15.4%
9.1%
Capex IntensityCapex / Revenue
7.7%
0.6%
Cash ConversionOCF / Net Profit
2.43×
2.69×
TTM Free Cash FlowTrailing 4 quarters
$511.0M
$220.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INGR
INGR
OPCH
OPCH
Q4 25
$405.0M
Q3 25
$277.0M
$139.4M
Q2 25
$185.0M
$90.3M
Q1 25
$77.0M
$-7.2M
Q4 24
$436.0M
$36.1M
Q3 24
$479.0M
$160.4M
Q2 24
$312.0M
$195.7M
Q1 24
$209.0M
$-68.8M
Free Cash Flow
INGR
INGR
OPCH
OPCH
Q4 25
$270.0M
Q3 25
$172.0M
$130.2M
Q2 25
$84.0M
$81.2M
Q1 25
$-15.0M
$-16.6M
Q4 24
$311.0M
$25.8M
Q3 24
$429.0M
$150.7M
Q2 24
$257.0M
$185.9M
Q1 24
$144.0M
$-74.6M
FCF Margin
INGR
INGR
OPCH
OPCH
Q4 25
15.4%
Q3 25
9.5%
9.1%
Q2 25
4.6%
5.7%
Q1 25
-0.8%
-1.2%
Q4 24
17.3%
2.0%
Q3 24
22.9%
11.8%
Q2 24
13.7%
15.1%
Q1 24
7.7%
-6.5%
Capex Intensity
INGR
INGR
OPCH
OPCH
Q4 25
7.7%
Q3 25
5.8%
0.6%
Q2 25
5.5%
0.6%
Q1 25
5.1%
0.7%
Q4 24
6.9%
0.8%
Q3 24
2.7%
0.8%
Q2 24
2.9%
0.8%
Q1 24
3.5%
0.5%
Cash Conversion
INGR
INGR
OPCH
OPCH
Q4 25
2.43×
Q3 25
1.62×
2.69×
Q2 25
0.94×
1.79×
Q1 25
0.39×
-0.15×
Q4 24
4.49×
0.60×
Q3 24
2.55×
2.98×
Q2 24
2.11×
3.69×
Q1 24
0.97×
-1.54×

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%

OPCH
OPCH

Commercial Customer$1.3B87%
Government Customer$172.8M12%
Patient Customer$10.1M1%
Corporate Joint Venture$1.9M0%

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