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.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 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 item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 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 item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 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
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 37.2% | 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 margin | 14.2% | 4.4% | 3.4% | 5.6% | 6.5% | 8.5% |
| FCF / Net income | -0.71 | 0.90 | 0.27 | 0.40 | 0.45 | 0.83 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 15.8% | 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 ratio | 2.61 | 5.91 | 4.51 | 4.31 | 4.13 | 4.17 |
| Quick ratio | 0.70 | 1.96 | 1.47 | 1.56 | 1.36 | 1.52 |
| Cash ratio | 0.09 | 0.27 | 0.16 | 0.45 | 0.24 | 0.41 |
| Leverage | ||||||
| Debt / Equity | 0.36 | 0.39 | 0.35 | 0.04 | 0.05 | 0.15 |
| Debt / Assets | 0.21 | 0.23 | 0.21 | 0.03 | 0.03 | 0.10 |
| Debt / EBITDA | - | 3.42 | 1.72 | 0.17 | 0.24 | 0.57 |
| Interest coverage | -13.4x | 8.8x | 22.4x | 27.3x | 31.3x | 23.9x |
| Equity multiplier | 1.72 | 1.69 | 1.64 | 1.55 | 1.62 | 1.40 |
| Liabilities / Assets | 0.42 | 0.41 | 0.39 | 0.36 | 0.38 | 0.28 |
| Efficiency | ||||||
| Asset turnover | 0.43 | 0.50 | 0.60 | 0.68 | 0.60 | 1.08 |
| Inventory turnover | 0.88 | 1.14 | 1.53 | 1.83 | 1.74 | 2.10 |
| Days sales outstanding | 79d | 77d | 63d | 51d | 54d | 53d |
| Days inventory outstanding | 415d | 319d | 238d | 200d | 210d | 173d |
| Days payable outstanding | 59d | 58d | 51d | 46d | 46d | 37d |
| Cash conversion cycle | 434d | 338d | 251d | 205d | 218d | 189d |
| Valuation | ||||||
| P / E | - | 25.2x | 20.5x | 21.6x | 35.9x | - |
| P / B | 0.7x | 1.0x | 2.6x | 3.1x | 2.2x | - |
| P / S | 1.0x | 1.2x | 2.6x | 3.0x | 2.3x | - |
| EV / EBITDA | - | 12.1x | 14.4x | 13.7x | 10.0x | - |
| 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 totalBranded Spirits$232.94M · 43.4%
Distilling Solutions$181.40M · 33.8%
Ingredient Solutions$122.03M · 22.8%
Product / service
$536.38M totalBrown 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 totalNon 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-date | Per 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 |