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MGP Ingredients

MGPI

MGP Ingredients is a leading producer of branded spirits, distilled spirits, and food ingredient solutions.

Market cap
$383.83M-38.6%
Revenue$500.0M-18.0%
Net income-$242.0M-459%
Free cash flow$888.0K-98.5%
EPS (diluted)-$11.27-472%
Trailing twelve months · change vs. prior year

Earnings

Next report

Date not yet announced

Financials

Q2 2026

Income statement

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Revenue$124.4M-14.5%
Gross profit$46.5M-20.4%
Operating income$17.7M-13.1%
Net income$12.0M-16.8%
EPS (diluted)$0.55-17.9%

Balance sheet

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Cash & equivalents$17.8M+2.7%
Total debt$384.2M+21.8%
Total equity$590.8M-29.8%
Total assets$1.1B-23.7%

Cash flow

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Operating cash flow-$47.7M-509%
CapEx$4.5M-63.2%
Free cash flow-$52.2M

Valuation & ratios

Valuation

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Market cap$383.83M-38.6%
Enterprise value$750.2M-21.6%
P/S0.8×-0.3×

Profitability

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Gross margin35.5%-4.2pp
Operating margin-53.9%
Net margin-48.4%
FCF margin0.2%-9.6pp

Returns & leverage

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Return on equity-33.8%
Debt / equity0.7×+0.3×
Current ratio+4.1×

Segments

By product

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Premium plus$32.6M+5.0%
Specialty wheat starches$18.9M+2.2%
Mid$16.2M+4.7%
Brown goods$14.3M-59.3%
Specialty wheat proteins$12.7M+1.1%

By segment

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Branded Spirits$59.6M-1.5%
Ingredient Solutions$35.5M+1.5%
Distilling Solutions$29.2M-41.6%

Competitors

Profile

MGP Ingredients is a leading producer of branded spirits, distilled spirits, and food ingredient solutions. The company operates a diverse portfolio ranging from value to premium plus spirits while also providing essential protein and starch ingredients to the global food industry. Its business model integrates large-scale distillation and bottling with specialized ingredient manufacturing for consumer packaged goods.

Competitive position

A leading vertically integrated producer of premium distilled spirits and a specialized provider of functional wheat-based food ingredients.

GeographiesUnited States, Global
Customer segmentsDistributors, Food Processors, Retailers, Government Agencies
Business modelManufacturing, B2B Wholesale, Brand Ownership, Contract Manufacturing
SuppliersAgricultural producers (corn, rye, barley, wheat, agave), Oak barrel manufacturers, Packaging suppliers (glass, plastic, aluminum), Natural gas providers
CustomersAlcoholic beverage distributors, State-run liquor control boards, CPG food manufacturers, Commercial bakeries, Animal feed processors
Listed1988
Employees705.0
CEOJulie Francis
FilingsSEC EDGAR

Questions, answered.

What is MGP Ingredients's market cap?
MGP Ingredients (MGPI) has a market capitalization of $383.8M and trades on NASDAQ.
What is MGP Ingredients's revenue and profitability?
MGP Ingredients generated $500.0M in trailing twelve-month revenue with a net loss of $242.0M, representing a net margin of -48.4%. Gross margin stands at 35.5%, with free cash flow of $888.0K. These figures are based on the Q2 2026 filing.
Who are MGP Ingredients's competitors?
MGP Ingredients's key competitors include Ingredion, Archer-Daniels-Midland, Brown-Forman, and others. These companies compete in similar markets and product categories.
Who does MGP Ingredients partner with?
MGP Ingredients's notable partners include DGL Destiladores, Agricola LG.
What subsidiaries does MGP Ingredients have?
MGP Ingredients's subsidiaries include Niche Drinks, Co., Ltd, Lux Row Distillers, Limestone Branch Distillery.
Where is MGP Ingredients headquartered?
MGP Ingredients is headquartered in United States of America and employs approximately 705 people. It has been publicly traded since 1988.