CoverageForm 410-K10-Q8-K13D13G13F

MGPI · Mgp Ingredients Inc - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · MGPI

Income Statement

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenue$536.38M$703.63M$836.52M$782.36M$626.72M$395.52M
Cost of Revenue$336.97M$417.31M$531.81M$529.05M$427.75M$296.71M
Gross Profit$199.41M$286.32M$304.71M$253.31M$198.97M$98.81M
R&D------
SG&A$84.82M$81.39M$91.39M$74.63M$72.83M$44.56M
Total Operating Expenses------
D&A$24.09M$21.99M$22.11M$21.45M$19.09M$12.96M
Operating Income($94.61M)$74.43M$148.61M$148.97M$126.36M$54.24M
Interest Expense$7.04M$8.44M$6.65M$5.45M$4.04M$2.27M
Income Tax$7.48M$33.98M$34.62M$31.30M$30.28M$12.26M
Net Income($107.81M)$34.66M$107.47M$109.46M$91.31M$40.34M
EPS - Basic($4.99)$1.56$4.82$4.94$2.37-
EPS - Diluted($4.99)$1.56$4.80$4.92$2.37-

Balance Sheet

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash & Equivalents$18.46M$25.27M$18.39M$47.89M$21.57M$21.66M
Accounts Receivable$116.16M$148.49M$144.29M$109.27M$92.54M$56.97M
Inventory$382.74M$364.94M$346.85M$289.72M$245.94M$141.01M
Accounts Payable$54.59M$66.34M$73.59M$66.43M$53.71M$30.27M
Current Assets$522.71M$546.14M$514.30M$454.16M$367.10M$222.28M
Total Assets$1.24B$1.41B$1.39B$1.16B$1.04B$366.57M
Current Liabilities$200.05M$92.45M$114.11M$105.38M$88.80M$53.33M
Long-term Debt$260.05M$329.45M$293.85M$29.51M$35.27M$38.27M
Total Liabilities$519.07M$573.24M$543.28M$412.57M$397.20M$104.05M
Stockholders' Equity$718.44M$834.17M$850.49M$746.72M$644.75M$262.53M
Retained Earnings$445.74M$563.93M$539.88M$443.06M$344.24M$262.94M

Cash Flow

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Operating Cash Flow$121.53M$102.28M$83.78M$88.94M$88.26M$53.26M
Investing Cash Flow($45.52M)($71.56M)($159.24M)($47.81M)($182.62M)($19.65M)
Financing Cash Flow($83.52M)($23.80M)$45.92M($14.76M)$94.29M($15.26M)
CapEx$45.49M$71.18M$55.27M$45.32M$47.39M$19.70M
Free Cash Flow$76.04M$31.10M$28.52M$43.61M$40.87M$33.55M

Ratios

MetricFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Profitability
Gross margin37.2%40.7%36.4%32.4%31.7%25.0%
Operating margin-17.6%10.6%17.8%19.0%20.2%13.7%
EBITDA margin-13.1%13.7%20.4%21.8%23.2%17.0%
Net margin-20.1%4.9%12.8%14.0%14.6%10.2%
Free cash flow margin14.2%4.4%3.4%5.6%6.5%8.5%
FCF / Net income-0.710.900.270.400.450.83
R&D / Revenue------
SG&A / Revenue15.8%11.6%10.9%9.5%11.6%11.3%
Effective tax rate-49.5%24.4%22.2%24.9%23.3%
Return on assets-8.7%2.5%7.7%9.5%8.8%11.0%
Return on equity-15.0%4.2%12.6%14.7%14.2%15.4%
Return on invested capital-7.6%3.2%9.8%14.9%14.0%13.8%
Liquidity
Current ratio2.615.914.514.314.134.17
Quick ratio0.701.961.471.561.361.52
Cash ratio0.090.270.160.450.240.41
Leverage
Debt / Equity0.360.390.350.040.050.15
Debt / Assets0.210.230.210.030.030.10
Debt / EBITDA-3.421.720.170.240.57
Interest coverage-13.4x8.8x22.4x27.3x31.3x23.9x
Equity multiplier1.721.691.641.551.621.40
Liabilities / Assets0.420.410.390.360.380.28
Efficiency
Asset turnover0.430.500.600.680.601.08
Inventory turnover0.881.141.531.831.742.10
Days sales outstanding79d77d63d51d54d53d
Days inventory outstanding415d319d238d200d210d173d
Days payable outstanding59d58d51d46d46d37d
Cash conversion cycle434d338d251d205d218d189d
Valuation
P / E-25.2x20.5x21.6x35.9x-
P / B0.7x1.0x2.6x3.1x2.2x-
P / S1.0x1.2x2.6x3.0x2.3x-
EV / EBITDA-12.1x14.4x13.7x10.0x-
Growth
Revenue growth (YoY)-23.8%-15.9%6.9%24.8%58.5%9.0%
Revenue CAGR (3y)-11.8%3.9%28.4%29.2%25.3%7.5%
Revenue CAGR (5y)6.3%14.2%21.3%19.7%94.7%84.0%
Gross profit growth (YoY)-30.4%-6.0%20.3%27.3%101.4%29.1%
Operating income growth (YoY)--49.9%-0.2%17.9%133.0%14.8%
Net income growth (YoY)--67.7%-1.8%19.9%126.3%4.0%
EPS growth (YoY)--67.5%-2.4%107.6%--
EPS CAGR (3y)--13.0%----
EPS CAGR (5y)------
FCF growth (YoY)144.5%9.1%-34.6%6.7%21.8%1021.5%
FCF CAGR (5y)17.8%59.7%63.6%28.6%86.8%-
Book value growth (YoY)-13.9%-1.9%13.9%15.8%145.6%13.6%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$536.38M total
Branded Spirits$232.94M · 43.4%
Distilling Solutions$181.40M · 33.8%
Ingredient Solutions$122.03M · 22.8%

Product / service

$536.38M total
Brown Goods$128.45M · 23.9%
Premium Plus$116.73M · 21.8%
Specialty Wheat Starches$68.12M · 12.7%
Mid Spirits$59.49M · 11.1%
Specialty Wheat Proteins$39.91M · 7.4%
Value Spirits$32.61M · 6.1%
Warehouse Services$32.39M · 6.0%
Other Branded Spirits$24.12M · 4.5%
White Goods And Other Co Products$20.56M · 3.8%
Commodity Wheat Starch$10.37M · 1.9%
Commodity Wheat Protein$3.11M · 0.6%
Biofuel And Other$515.0K · 0.1%

Geographic

$36.50M total
Non Us$36.50M · 100.0%

Stability scores

Altman Z′

FY 2025 · bankruptcy risk

1.27
Grey zone

Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.

Piotroski F-score

FY 2025 · 9-point quality

4/9
Neutral
  • Net income positive
  • Operating cash flow positive
  • ROA improved YoY
  • Cash flow > net income
  • Long-term debt decreased
  • Current ratio improved
  • No share dilution
  • Gross margin improved
  • Asset turnover improved

Dividends

$0.48/share trailing 12 months · 0.0% YoY

Ex-datePer share
May 15, 2026$0.1200
Mar 13, 2026$0.1200
Nov 14, 2025$0.1200
Aug 15, 2025$0.1200
May 16, 2025$0.1200
Mar 14, 2025$0.1200
Nov 15, 2024$0.1200
Aug 16, 2024$0.1200
May 16, 2024$0.1200
Mar 14, 2024$0.1200
Nov 16, 2023$0.1200
Aug 17, 2023$0.1200
May 18, 2023$0.1200
Mar 9, 2023$0.1200
Nov 17, 2022$0.1200
Aug 18, 2022$0.1200
May 19, 2022$0.1200
Mar 10, 2022$0.1200
Nov 18, 2021$0.1200
Aug 19, 2021$0.1200
May 20, 2021$0.1200
Mar 11, 2021$0.1200
Nov 19, 2020$0.1200
Aug 20, 2020$0.1200