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MGP Ingredients MGPI Distilling Solutions — Cost of Sales

Other segment segments

Ingredient Solutions
$31.93M+16.6%
Branded Spirits
$28.03M-1.8%

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Other financials

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

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Market cap$380.96M-34.3%
Enterprise value$747.33M-14.8%
P/S0.8×-0.2×

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×

Where this comes from

Reported directly by MGP Ingredients in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The source filing: MGP Ingredients’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 7:32 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000835011-26-000103
Line itemBranded SpiritsDistilling SolutionsIngredient SolutionsCorporateTotal
Sales$59,630$29,220$35,507$124,357
Cost of Goods Sold28,03417,91831,93477,886
Gross Profit31,59611,3023,57346,471
Advertising and promotion expense5,546114235,683
SG&A expense7,94571776310,81220,237
Provision for credit loss2,1482,148
Impairment and other751751
Operating income (loss)$15,206$10,585$2,696$(10,835)$17,652

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is MGP Ingredients's distilling solutions — cost of sales?
MGP Ingredients (MGPI) reported distilling solutions — cost of sales of $17.92M in Q2 2026.
How has MGP Ingredients's distilling solutions — cost of sales changed year-over-year?
MGP Ingredients's distilling solutions — cost of sales decreased by 42.5% year-over-year, from $31.19M to $17.92M.
What is the long-term trend for MGP Ingredients's distilling solutions — cost of sales?
Over 3 years (2022 to 2025), MGP Ingredients's distilling solutions — cost of sales has grown at a -28.0% compound annual growth rate (CAGR), from $302.2M to $112.8M.
What does distilling solutions — cost of sales mean?
Represents the direct costs attributable to the production of goods sold within the Distilling Solutions segment, including raw materials, labor, and manufacturing overhead. Monitoring this metric helps assess the segment's production efficiency and the impact of commodity price fluctuations on profitability. It is a key component in calculating the segment's gross margin.

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