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MARKETS / NASDAQ / MGPI
NASDAQ · WHOLESALE-BEER, WINE & DISTILLED ALCOHOLIC BEVERAGES · MID CAP

MGP Ingredients Inc. MGPI

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$536.4M
▼ 23.8% YoY
$-107.8M
▼ 411.0% YoY
$76.0M
▲ 144.5% YoY
In brief

What this company does

MGP Ingredients, Inc. produces branded spirits through its distilleries and bottling facilities for sale to distributors, produces distilled spirits including bourbon, rye and other whiskeys and grain neutral spirits such as vodka and gin for sale to manufacturers of other branded spirits, and produces protein and starch food ingredients sold directly or through distributors to manufacturers, processors and bakeries. As of December 31, 2025, it had a total of 617 employees. It reports three operating segments: Branded Spirits, Distilling Solutions, and Ingredient Solutions. During 2025, its five largest Branded Spirits customers, combined, accounted for approximately 25 percent of its consolidated sales. Under its Distilling Solutions segment, it processes corn and other grains, including rye, barley, wheat, barley malt and milo, into food grade alcohol and distillery co-products such as distillers feed, produced at its distilleries in Lawrenceburg, Indiana, and Bardstown, Kentucky. Its Ingredient Solutions segment consists primarily of specialty wheat starches, specialty wheat proteins, commodity wheat starches, and commodity wheat protein products sold to customers pursuant to purchase orders. MGP Ingredients, Inc. was incorporated in 2011 in Kansas, continuing a business originally founded by Cloud L. Cray, Sr. in Atchison, Kansas in 1941.

Written from the business description in MGP INGREDIENTS INC's annual report to the U.S. Securities and Exchange Commission, filed 25 February 2026. Every sentence was checked against that document before publication.

Growth
USD 536.4M
Revenue, FY2025 · full 17-year series below
Revenue $M Net income $M
FY2025 · Revenue 536.4 · Net income -107.8
400M800M-40M-80M200820102013201520172019202120232025
Compound annual growth
−11.8%
+6.3%
+5.1%
+5.3%
+0.0%
+0.0%
+23.1%
−0.0%
−2.0%
−3.7%
+18.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +6.3% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−20 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -17.6% · Net -20.1%
50%100%-20%-40%200820102013201520172019202120232025
ROE
FY2025 · ROE -13.9%
10%20%-50%-100%200820102013201520172019202120232025

Each USD of equity lost 14 cents this year.

Cash & shareholders
USD 11.4M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 76.0
40M-5M-10M200820102013201520172019202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends 10.3 · Net buybacks 1.0
20M40MDividendsNet buybacks200820102013201520172019202120232025

USD 10.3M in dividends and USD 1.0M in buybacks went back to shareholders in a year without profit.

Total assetsUSD 1.2B
EquityUSD 718.4M
CashUSD 18.5M
Gross debtUSD 260.1M
Net debtUSD 241.6M
Current ratio2.61×

Net debt stands at 34% of equity.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201020092008
Revenue $B0.50.70.80.80.60.40.40.40.30.30.30.00.0·0.20.20.3
Operating income $B−0.10.10.10.10.10.10.00.10.00.00.00.0−0.0−0.00.00.0−0.1
EBITDA $B−0.10.10.20.20.10.10.10.10.10.10.00.00.00.00.00.0−0.1
Income tax $B0.00.00.00.00.00.00.00.00.00.00.00.0−0.00.00.0−0.0−0.0
Net income $B−0.10.00.10.10.10.00.00.00.00.00.00.0−0.00.0−0.00.0−0.1
Free cash flow $B0.10.00.00.00.00.00.00.00.00.0−0.00.00.0−0.0−0.00.00.0
EPS, diluted $−4.991.564.804.924.372.372.272.172.441.821.481.32−0.290.09−0.080.51−4.17
Dividend / sh $0.480.480.480.480.480.480.400.321.010.120.060.050.050.050.05··
Payout %−103110101120181542744−1956−68··
ROE %−13.94.113.515.720.116.317.920.126.623.823.825.5−5.91.9−1.812.8−108.2
Shares out B0.020.020.020.020.020.020.020.020.020.020.020.020.020.0217.9117.52·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 78 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 17 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityWholesale-Beer, Wine & Distilled Alcoholic Beverages
Listed onNASDAQ
Incorporated inKansas
Fiscal year endsDecember 31
Data on record since2008

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