What is MGP Ingredients's work in process?

MGP Ingredients (MGPI) reported work in process of $1.41M in Q1 2026.

How has MGP Ingredients's work in process changed year-over-year?

MGP Ingredients's work in process decreased by 38.4% year-over-year, from $2.29M to $1.41M.

What is the long-term trend for MGP Ingredients's work in process?

Over 5 years (2020 to 2025), MGP Ingredients's work in process has grown at a 9.0% compound annual growth rate (CAGR), from $1.81M to $2.78M.

What does work in process mean?

Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.

MGP Ingredients MGPI Work in process

Work in process at other companies

Alto Ingredients, Inc.ALTO

$4.25M+12.2%

Brown-Forman CorporationBF.A

$414M+9.5%

Molson Coors Beverage CompanyTAP

$90.2M+4.8%

PepsiCoPEP

$133M+12.7%

Keurig Dr PepperKDP

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Other financials

Income statement

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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

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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

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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:InventoryWorkInProcess.

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 work in process?: MGP Ingredients (MGPI) reported work in process of $1.41M in Q1 2026.
How has MGP Ingredients's work in process changed year-over-year?: MGP Ingredients's work in process decreased by 38.4% year-over-year, from $2.29M to $1.41M.
What is the long-term trend for MGP Ingredients's work in process?: Over 5 years (2020 to 2025), MGP Ingredients's work in process has grown at a 9.0% compound annual growth rate (CAGR), from $1.81M to $2.78M.
What does work in process mean?: Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.