MGP Ingredients, Inc. logo

MGP Ingredients, Inc.

MGPI

NASDAQConsumer DefensiveBeverages - Wineries & Distilleries

Regular session

$18.26

+$0.20 · +1.11%

Aug 24, 12:10 PM ET

MGPI company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

65

Undervalued

Momentum

30

Weakening

Sentiment

65

Bullish

Risk resilience

47

Elevated Risk

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Company profile

Company website

MGP Ingredients, Inc., founded in 1941 and headquartered in Atchison, Kansas, operates as a prominent manufacturer and supplier across three main business areas: distilled spirits, branded alcoholic beverages, and specialized food ingredients. The company's operations are structured around three core divisions: 1. Distillery Products: This segment is responsible for producing food-grade alcohol, which serves both beverage manufacturers—forming the base for products like bourbon, rye whiskeys, vodka, and gin—and industrial applications as a key ingredient in food items, personal care products, cleaning agents, and pharmaceuticals. It also manufactures fuel-grade ethanol for gasoline blending and extracts valuable co-products such as distillers feed and corn oil. Additionally, this division provides comprehensive warehousing services, including barrel storage, retrieval, and blending operations. 2. Branded Spirits: This division focuses on offering a diverse portfolio of proprietary distilled spirits, catering to various market tiers from ultra-premium and premium to mid-tier and value price points. 3. Ingredient Solutions: This segment supplies a variety of specialized components. These include specialty wheat starches for culinary applications, marketed under brands such as Fibersym, Resistant Starch, and FiberRite RW, as well as specialty wheat proteins, including Arise and Proterra, also for food use. The segment further provides gluten-free textured pea proteins, alongside commodity wheat starch and proteins for both food and industrial purposes. MGP Ingredients distributes its offerings either directly or through a network of distributors to manufacturers, processors of packaged goods, and bakeries. Its primary market footprint extends across the United States, the United Kingdom, Japan, Thailand, Mexico, and Canada.

Industry
Beverages - Wineries & Distilleries
Sector
Consumer Defensive
Headquarters
US
CEO
Julie Francis
Listed since
Oct 21, 1988
Employees
617

Market position

Day range

Current $18.26

52-week range

Current $18.26

Open
$18.22
Previous close
$18.06
Volume
37.12K
0.19× average
Average volume
197.84K
Average daily volume
Market cap
391.02M USD
Beta
0.45
Market reference 1
50-day average
$17.3478
+5.26% above average
200-day average
$20.6004
-11.36% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
767.27M USD
P/E (TTM)
-1.62×
P/B (TTM)
0.66×
P/S (TTM)
0.78×
EV / EBITDA
-11.08×
Earnings yield
-20.77%
Free cash flow yield
14.65%
Dividend yield
2.63%

Profitability & efficiency

Gross margin
35.55%
Operating margin
-53.52%
Net margin
-48.40%
Return on equity
-15.01%
Return on assets
-8.72%
Return on invested capital
-9.05%

Financial health

Debt / equity
0.64×
Current ratio
2.61×
Altman Z-score
1.07
Piotroski F-score
3 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends47%22%-2%-26%Gross margin, FY2021: 31.75%Gross margin, FY2022: 32.38%Gross margin, FY2023: 36.43%Gross margin, FY2024: 40.69%Gross margin, FY2025: 37.18%Operating margin, FY2021: 20.16%Operating margin, FY2022: 19.04%Operating margin, FY2023: 17.77%Operating margin, FY2024: 10.58%Operating margin, FY2025: -17.64%Net margin, FY2021: 14.57%Net margin, FY2022: 13.99%Net margin, FY2023: 12.85%Net margin, FY2024: 4.93%Net margin, FY2025: -20.10%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 31.75%. Gross margin FY2022 32.38%. Gross margin FY2023 36.43%. Gross margin FY2024 40.69%. Gross margin FY2025 37.18%. Operating margin FY2021 20.16%. Operating margin FY2022 19.04%. Operating margin FY2023 17.77%. Operating margin FY2024 10.58%. Operating margin FY2025 -17.64%. Net margin FY2021 14.57%. Net margin FY2022 13.99%. Net margin FY2023 12.85%. Net margin FY2024 4.93%. Net margin FY2025 -20.10%.

Income trends

Revenue

536.38M USD-23.77%

Operating income

−94.62M USD−169.04M USD

Net income

−107.81M USD−142.47M USD
Income trends across reported periods930.96M USD553.22M USD175.49M USD−202.24M USDRevenue, FY2021: 626.72M USDRevenue, FY2022: 782.36M USDRevenue, FY2023: 836.52M USDRevenue, FY2024: 703.63M USDRevenue, FY2025: 536.38M USDOperating income, FY2021: 126.36M USDOperating income, FY2022: 148.97M USDOperating income, FY2023: 148.61M USDOperating income, FY2024: 74.43M USDOperating income, FY2025: −94.62M USDNet income, FY2021: 91.31M USDNet income, FY2022: 109.46M USDNet income, FY2023: 107.48M USDNet income, FY2024: 34.66M USDNet income, FY2025: −107.81M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 626.72M USD. Revenue FY2022 782.36M USD. Revenue FY2023 836.52M USD. Revenue FY2024 703.63M USD. Revenue FY2025 536.38M USD. Operating income FY2021 126.36M USD. Operating income FY2022 148.97M USD. Operating income FY2023 148.61M USD. Operating income FY2024 74.43M USD. Operating income FY2025 −94.62M USD. Net income FY2021 91.31M USD. Net income FY2022 109.46M USD. Net income FY2023 107.48M USD. Net income FY2024 34.66M USD. Net income FY2025 −107.81M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue536.38M USD703.63M USD836.52M USD782.36M USD626.72M USD
Cost of goods sold336.97M USD417.31M USD531.81M USD529.05M USD427.76M USD
Gross profit199.41M USD286.32M USD304.71M USD253.31M USD198.97M USD
Selling, general, and administrative115.9M USD121.9M USD129.61M USD104.34M USD88.93M USD
Operating expenses294.02M USD211.89M USD156.1M USD104.34M USD72.6M USD
Interest expense7.04M USD8.44M USD6.65M USD5.45M USD4.04M USD
Depreciation and amortization24.09M USD21.99M USD22.11M USD21.46M USD19.09M USD
Operating income−94.62M USD74.43M USD148.61M USD148.97M USD126.36M USD
Net income−107.81M USD34.66M USD107.48M USD109.46M USD91.31M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
100%
11 beats, 0 misses, 0 met estimates
Average EPS surprise
+44.88%
11 comparable reports
Latest EPS result
0.72
Estimate 0.49 · Beat by 46.94%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.691.140.590.03Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 26, 2025: actual 1.57, estimate 1.49, surprise +5.37%, Beat. Q2 2025, reported May 1, 2025: actual 0.36, estimate 0.31, surprise +16.13%, Beat. Q3 2025, reported Jul 31, 2025: actual 0.97, estimate 0.64, surprise +51.56%, Beat. Q4 2025, reported Oct 29, 2025: actual 0.85, estimate 0.62, surprise +37.10%, Beat. Q1 2026, reported Feb 25, 2026: actual 0.63, estimate 0.49, surprise +28.57%, Beat. Q2 2026, reported Apr 29, 2026: actual 0.15, estimate 0.04, surprise +275.00%, Beat. Q3 2026, reported Jul 29, 2026: actual 0.72, estimate 0.49, surprise +46.94%, Beat. Q4 2026, reported Oct 28, 2026: actual —, estimate 0.34, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates188.03M158.05M128.07M98.09MQ1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 26, 2025: actual 180.8M USD, estimate 177.17M USD, surprise +2.05%, Beat. Q2 2025, reported May 1, 2025: actual 121.65M USD, estimate 137.07M USD, surprise -11.25%, Miss. Q3 2025, reported Jul 31, 2025: actual 145.49M USD, estimate 131.62M USD, surprise +10.54%, Beat. Q4 2025, reported Oct 29, 2025: actual 130.91M USD, estimate 132.84M USD, surprise -1.45%, Miss. Q1 2026, reported Feb 25, 2026: actual 138.32M USD, estimate 132.85M USD, surprise +4.11%, Beat. Q2 2026, reported Apr 29, 2026: actual 106.43M USD, estimate 105.32M USD, surprise +1.05%, Beat. Q3 2026, reported Jul 29, 2026: actual 124.36M USD, estimate 125.16M USD, surprise -0.64%, Miss. Q4 2026, reported Oct 28, 2026: actual —, estimate 119.63M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$21.00

15.01% upside
Past 12 months12-month forecastHigh $21.00Average $21.00Low $21.00

Rating distribution

14 ratings
Strong buy00%
Buy1071%
Hold429%
Sell00%
Strong sell00%

Recent analyst actions

7 institutions
Roth CapitalmaintainBuy

MGPI news

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$0.48

2025 complete year0.0% since 2021

2026 partial: $0.36

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Aug 14, 2026

$0.12

Quarterly

Record Aug 14, 2026 · Payment Aug 28, 2026

Dividend

Ex-dividend May 15, 2026

$0.12

Quarterly

Record May 15, 2026 · Payment May 29, 2026

Dividend

Ex-dividend Mar 13, 2026

$0.12

Quarterly

Record Mar 13, 2026 · Payment Mar 27, 2026

Dividend

Ex-dividend Nov 14, 2025

$0.12

Quarterly

Record Nov 14, 2025 · Payment Nov 28, 2025

Dividend

Ex-dividend Aug 15, 2025

$0.12

Quarterly

Record Aug 15, 2025 · Payment Aug 29, 2025

Dividend

Ex-dividend May 16, 2025

$0.12

Quarterly

Record May 16, 2025 · Payment May 30, 2025

MGPI peers

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