What is MGP Ingredients's income taxes payable?

MGP Ingredients (MGPI) reported income taxes payable of $3.08M in Q1 2026.

How has MGP Ingredients's income taxes payable changed year-over-year?

MGP Ingredients's income taxes payable increased by 246.8% year-over-year, from -$2.09M to $3.08M.

What is the long-term trend for MGP Ingredients's income taxes payable?

Over 2 years (2021 to 2024), MGP Ingredients's income taxes payable has grown at a -41.2% compound annual growth rate (CAGR), from $7.66M to $2.65M.

What does income taxes payable mean?

Current income taxes owed to federal, state, and local tax authorities for the current and prior periods.

MGP Ingredients MGPI Income Taxes Payable

Income Taxes Payable at other companies

Archer Daniels MidlandADM

$143M—

Brown-Forman CorporationBF.A

$18M-33.3%

O-I GlassOI

$41M-16.3%

National BeverageFIZZ

$773K+20.6%

Universal CorporationUVV

$17.64M+40.2%

PepsiCoPEP

$131M-41.3%

Other financials

Income statement

See full

Revenue$106.4M-12.5%

Gross profit$33.6M-22.5%

Operating income-$173.2M-23,086%

Net income-$134.8M-4,358%

EPS (diluted)-$6.30-4,400%

Balance sheet

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Cash & equivalents$10.4M-48.5%

Total debt$260.4M-17.7%

Total equity$581.3M-29.8%

Total assets$1.0B-25.2%

Cash flow

See full

Operating cash flow$7.0M-84.4%

CapEx$5.7M-71.3%

Free cash flow$1.2M-95.0%

Valuation

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Market cap$349.42M-44.4%

Enterprise value$599.43M-35.1%

P/S0.7×-0.3×

Profitability

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Gross margin36.4%-4.4pp

Operating margin-51.2%—

Net margin-46%—

FCF margin10.2%+1.3pp

Returns & leverage

See full

Return on equity-34%—

Debt / equity0.4×+0.1×

Current ratio2.7×-0.1×

Where this comes from

Reported directly by MGP Ingredients in its filing.

Tagged under the XBRL concept us-gaap:IncreaseDecreaseInAccruedIncomeTaxesPayable.

The official record: MGP Ingredients’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is MGP Ingredients's income taxes payable?: MGP Ingredients (MGPI) reported income taxes payable of $3.08M in Q1 2026.
How has MGP Ingredients's income taxes payable changed year-over-year?: MGP Ingredients's income taxes payable increased by 246.8% year-over-year, from -$2.09M to $3.08M.
What is the long-term trend for MGP Ingredients's income taxes payable?: Over 2 years (2021 to 2024), MGP Ingredients's income taxes payable has grown at a -41.2% compound annual growth rate (CAGR), from $7.66M to $2.65M.
What does income taxes payable mean?: Current income taxes owed to federal, state, and local tax authorities for the current and prior periods.