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MGP Ingredients, Inc.(MGPI)Earnings, Financials & Key Ratios
MGPI•NASDAQ
$17.52
Price updated Jun 30, 2026
SectorConsumer DefensiveIndustryWineries & DistilleriesSub-IndustryBranded spirits and beer producers
AboutMGP Ingredients, Inc., together with its subsidiaries, produces and supplies distilled spirits, branded spirits, and food ingredients. It operates through three segments: Distillery Products; Branded Spirits; and Ingredient Solutions. The Distillery Products segment provides food grade alcohol for beverage applications that include bourbon and rye whiskeys, as well as grain neutral spirits, including vodka and gin; and food-grade industrial alcohol, which is used as an ingredient in foods, personal care products, cleaning solutions, pharmaceuticals, and various other products. This segment also provides fuel-grade alcohol for blending with gasoline; distillers feed and related co-products, such as distillers feed and corn oil; and warehouse services, including barrel put away, storage, and retrieval services, as well as blending services. The Branded Spirits segment provides ultra-premium, premium, mid, and value branded distilled spirits. The Ingredient Solutions segment provides specialty wheat starches for food applications under the Fibersym, Resistant Starch, and FiberRite RW Resistant Starch names; specialty wheat proteins for food applications under the Arise and Proterra names; gluten-free textured pea proteins; commodity wheat starch for food and non-food applications; and commodity wheat proteins. The company sells its products directly or through distributors to manufacturers and processors of finished packaged goods or to bakeries primarily in the United States, the United Kingdom, Japan, Thailand, Mexico, and Canada. MGP Ingredients, Inc. was founded in 1941 and is headquartered in Atchison, Kansas.Show more
- Revenue$536M-23.8%
- EBITDA-$71M-173.2%
- Net Income-$108M-411.0%
- EPS (Diluted)-4.99-419.9%
- Gross Margin37.18%-8.6%
- EBITDA Margin-13.15%-196.0%
- Operating Margin-17.64%-266.8%
- Net Margin-20.1%-508.0%
- ROE-13.92%-437.6%
MGPI Price & Volume
MGP Ingredients, Inc. (MGPI) stock price & volume — 10-year historical chart
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Structural Margin Erosion Challenges MGP Ingredients Outlook
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Contracting
Profitability:Negative
Financial:Strained
Cash Flow:Deteriorating
Primary Risk:Inventory liquidity and impairment
Key Thesis Takeaways
- MGP Ingredients faces a difficult transition as its pivot toward branded spirits struggles to offset persistent revenue contraction, which fell 12.5% year-over-year in 2026Q1.
- The company's financial health is currently pressured by significant non-cash impairment charges that have eroded the equity base and pushed operating margins to -162.7%.
- Investors should monitor whether the firm can stabilize its core distillery operations and reverse the trend of declining retained earnings, which dropped from $608.5 million in 2024Q3 to $308.3 million in 2026Q1.
Verdict Logic
the company's inability to maintain positive operating margins, which plummeted to -162.7% in 2026Q1, suggests significant structural risks that outweigh the current 2.8% dividend yield.
MGPI Growth Metrics
MGP Ingredients, Inc. (MGPI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years5.05%
5 Years6.28%
3 Years-11.82%
TTM-20.4%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-2277.29%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-2575.56%
Return on Capital
10 Years15.08%
5 Years9.05%
3 Years3.48%
Last Year-8.06%
MGPI Recent Earnings
MGP Ingredients, Inc. (MGPI) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 12/12 qtrs (100%)●Beat Revenue 8/12 qtrs (67%)
Q2 2026Latest
Apr 29, 2026Metric
Actual
Est
EPS
$0.15+275.0%
$0.04
Rev
$106M+1.1%
$105M
Q1 2026
Feb 25, 2026Metric
Actual
Est
EPS
$0.63+28.6%
$0.49
Rev
$138M+4.1%
$133M
Q4 2025
Oct 29, 2025Metric
Actual
Est
EPS
$0.85+37.1%
$0.62
Rev
$131M-1.5%
$133M
Q3 2025
Jul 31, 2025Metric
Actual
Est
EPS
$0.97+51.6%
$0.64
Rev
$145M+10.5%
$132M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 29, 2026 | $0.15vs $0.04+275.0% | $106Mvs $105M+1.1% |
| Q1 2026 | Feb 25, 2026 | $0.63vs $0.49+28.6% | $138Mvs $133M+4.1% |
| Q4 2025 | Oct 29, 2025 | $0.85vs $0.62+37.1% | $131Mvs $133M-1.5% |
| Q3 2025 | Jul 31, 2025 | $0.97vs $0.64+51.6% | $145Mvs $132M+10.5% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for MGP Ingredients, Inc. (MGPI)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $17.52 | $374.42M | -3.51 | -23.77% | -20.1% | -13.92% | 2.76% | |
| $177.03 | $1.9B | 17.90 | 3.69% | -2.92% | -7.3% | — | |
| $10.66 | $802.02M | -3.50 | 4.79% | -12.3% | -49.61% | — | |
| $139.13 | $23.86B | 14.48 | -10.47% | 20.14% | 22.1% | — | |
| $38.96 | $7.31B | -3.59 | -4.18% | -18.85% | -18.64% | — | |
| $2.51 | $12.5M | -3.92 | 53.74% | -1.99% | -1.12% | — |
Compare MGPI vs Peers
MGP Ingredients, Inc. (MGPI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
MGPI SEC Filings & Documents
MGP Ingredients, Inc. (MGPI) SEC filings — annual & quarterly reports (10-K, 10-Q)
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MGPI Frequently Asked Questions
MGP Ingredients, Inc. (MGPI) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is MGP Ingredients, Inc.'s revenue?
MGP Ingredients, Inc. (MGPI) reported $521.1M in revenue for fiscal year 2025. This represents a 168% increase from $194.6M in 1996.
How fast is MGP Ingredients, Inc. growing?
MGP Ingredients, Inc. (MGPI) saw revenue decline by 23.8% over the past year.
Is MGPI profitable?
MGP Ingredients, Inc. (MGPI) reported a net loss of $239.6M for fiscal year 2025.
Dividend & Returns
Does MGPI pay dividends?
Yes, MGP Ingredients, Inc. (MGPI) pays a dividend with a yield of 2.76%. This makes it attractive for income-focused investors.
What is MGPI's return on equity?
MGP Ingredients, Inc. (MGPI) has a return on equity (ROE) of -13.9%. Negative ROE indicates the company is unprofitable.
What is MGP Ingredients, Inc.'s free cash flow?
MGP Ingredients, Inc. (MGPI) generated $54.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.