• Ingredion average operating margin for 2023 was 10.96%, a 17.47% increase from 2022.
• Ingredion average operating margin for 2022 was 9.33%, a 84.39% increase from 2021.
• Ingredion average operating margin for 2021 was 5.06%, a 49.6% increase from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.