MGP Ingredients Inc. (MGPI) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.5	$0.72	+44.0%	—	$124.4M	—
Q1 26	$0.04	$0.15	+275.0%	—	$106.4M	—
Q2 25	$0.66	$0.97	+47.0%	—	$145.5M	—
Q1 25	$0.37	$0.36	-2.7%	—	$121.7M	—
Q4 24	$1.5	$1.57	+4.7%	—	$180.8M	—
Q3 24	$1.23	$1.29	+4.9%	—	$161.5M	—
Q2 24	$1.54	$1.71	+11.0%	—	$190.8M	—
Q1 24	$0.99	$1.07	+8.1%	—	$170.6M	—
Q4 23	$1.35	$1.64	+21.5%	—	$214.9M	—
Q3 23	$1.3	$1.34	+3.1%	—	$211.6M	—
Q2 23	$1.25	$1.49	+19.2%	—	$209M	—
Q1 23	$1.1	$1.39	+26.4%	—	$201M	—
Q4 22	$0.85	$1.01	+18.8%	—	$191M	—
Q3 22	$0.95	$1.06	+11.6%	—	$201.1M	—
Q2 22	$0.94	$1.15	+22.3%	—	$195M	—
Q1 22	$0.96	$1.69	+76.0%	—	$195.2M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	-$4.99	—	—	$536.4M	—
FY24	—	$1.56	—	—	$703.6M	—
FY23	—	$4.82	—	—	$836.5M	—
FY22	—	$4.94	—	—	$782.4M

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$318.3M	$347.4M	$376.1M	$362.7M	$395.5M	$626.7M	$782.4M	$836.5M	$703.6M	$536.4M
YoY change	-2.85%	+9.17%	+8.24%	-3.55%	+9.04%	+58.5%	+24.8%	+6.92%	-15.9%	-23.8%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	318.3M	347.4M	376.1M	362.7M	395.5M	626.7M	782.4M	836.5M	703.6M	536.4M
Cost of revenue	253M	271.4M	292.5M	286.2M	296.7M	427.8M	529.1M	531.8M	417.3M	337M
Gross profit	65.3M	76M	83.6M	76.5M	98.8M	199M	253.3M	304.7M	286.3M	199.4M
Gross margin	20.5%	21.9%	22.2%	21.1%	25%	31.7%	32.4%	36.4%	40.7%	37.2%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	26.7M	33.1M	33.5M	29.3M	44.6M	88.9M	104.3M	129.6M	121.9M	115.9M
Operating expenses	23.3M	33.1M	33.5M	29.3M	44.6M	88.9M	104.3M	129.6M	121.9M	115.9M
Operating income	42M	42.9M	50.1M	47.2M	54.2M	110M	149M	175.1M	164.4M	83.5M
Operating margin	13.2%	12.3%	13.3%	13%	13.7%	17.6%	19%	20.9%	23.4%	15.6%
Non-operating income, net	4M	11M	—	—	627K	15.1M	-3.3M	-26.7M	-87.5M	-176.8M
Pretax income	44.7M	52.8M	49M	45.9M	52.6M	121.1M	140.2M	141.7M	68.4M	-100.3M
Income tax	13.5M	10.9M	11.7M	7.1M	12.3M	30.3M	31.3M	34.6M	34M	7.5M
Net income	31.2M	41.8M	37.3M	38.8M	40.3M	90.8M	108.9M	107.1M	34.5M	-107.8M
Net margin	9.8%	12%	9.91%	10.7%	10.2%	14.5%	13.9%	12.8%	4.9%	-20.1%
EBITDA	57.3M	53.9M	61.5M	58.8M	67.8M	127.9M	167.1M	197M	188.9M	108.9M
EPS	1.82	2.44	2.17	2.27	2.37	4.37	4.94	4.82	1.56	-4.99
Diluted EPS	1.82	2.44	2.17	2.27	2.37	4.34	4.92	4.8	1.56	-4.99

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	211.6M	214.9M	170.6M	190.8M	161.5M	180.8M	121.7M	145.5M	130.9M	138.3M	106.4M	124.4M
Cost of revenue	138.2M	129.7M	107.8M	107.6M	95.6M	106.3M	78.3M	87.1M	81.5M	90.1M	72.8M	77.9M
Gross profit	73.4M	85.1M	62.8M	83.2M	65.8M	74.5M	43.3M	58.4M	49.4M	48.3M	33.6M	46.5M
Gross margin	34.7%	39.6%	36.8%	43.6%	40.8%	41.2%	35.6%	40.1%	37.8%	34.9%	31.6%	37.4%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	31.1M	38.1M	29.7M	34.4M	26.9M	31M	29.4M	30.1M	25.6M	30.8M	27.3M	25.9M
Operating expenses	31.1M	38.1M	29.7M	34.4M	26.9M	31M	29.4M	30.1M	25.6M	30.8M	27.3M	28.1M
Operating income	42.4M	47M	33.1M	48.8M	39M	43.5M	14M	28.3M	23.8M	17.4M	6.3M	18.4M
Operating margin	20%	21.9%	19.4%	25.6%	24.1%	24.1%	11.5%	19.5%	18.2%	12.6%	5.94%	14.8%
Non-operating income, net	-22.6M	-4.2M	-4.3M	-4.5M	-5.4M	-73.4M	-14.5M	-7.7M	-2.4M	-152.3M	-179.6M	-452K
Pretax income	17.5M	40.8M	26.8M	42.1M	31.4M	-31.9M	-2.4M	18.7M	19.7M	-136.4M	-174.7M	15.1M
Income tax	4.4M	9.8M	6.3M	10.1M	7.6M	10.1M	671K	4.3M	4.3M	-1.8M	-39.9M	3.1M
Net income	13.1M	31M	20.6M	32M	23.9M	-42M	-3.1M	14.4M	15.4M	-134.6M	-134.8M	12M
Net margin	6.18%	14.4%	12.1%	16.8%	14.8%	-23.2%	-2.51%	9.92%	11.8%	-97.3%	-126.7%	9.66%
EBITDA	48.1M	52.6M	38.4M	55.1M	45.7M	49.7M	20M	34.5M	30.4M	24M	12.5M	25.1M
EPS	0.59	—	0.92	1.43	1.07	-1.91	-0.14	0.67	0.71	-6.22	-6.3	0.55
Diluted EPS	0.58	—	0.92	1.43	1.07	-1.91	-0.14	0.67	0.71	-6.22	-6.3	0.55

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	831.9M	1.3B	962.2M	824.2M	797.1M	—	2.3B	2.2B	866.7M	519.1M	273.7M
Enterprise value	866.3M	1.3B	989.2M	868.5M	820.4M	—	2.5B	2.5B	1.2B	767.3M	634.7M
Shares outstanding	16.6M	16.7M	16.9M	17M	16.9M	20.7M	22M	22.1M	22M	21.4M	21.4M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	26.7	30.8	25.8	21.2	19.8	—	21.5	20.3	25.1	—	58.7
P/S	2.61	3.71	2.56	2.27	2.02	—	2.99	2.6	1.23	0.97	0.55
P/B	5.69	7.63	4.78	3.57	3.04	—	3.14	2.56	1.04	0.72	0.46
EV/EBITDA	15.1	24.3	16.1	14.8	12.1	—	15.2	12.5	6.25	7.05	6.97
EV/Sales	2.72	3.77	2.63	2.39	2.07	—	3.24	2.94	1.68	1.43	1.27
Earnings yield	3.75%	3.25%	3.87%	4.71%	5.06%	—	4.65%	4.93%	3.98%	—	1.7%
FCF yield	0.22%	0.96%	0.25%	0.36%	4.21%	—	1.86%	1.31%	3.59%	14.6%	-26.8%
PEG	—	—	—	—	—	—	—	—	—	—	-3.28

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	20.5%	21.9%	22.2%	21.1%	25%	31.7%	32.4%	36.4%	40.7%	37.2%	37.4%
Operating margin	13.2%	12.3%	13.3%	13%	13.7%	17.6%	19%	20.9%	23.4%	15.6%	14.8%
Net margin	9.8%	12%	9.91%	10.7%	10.2%	14.5%	13.9%	12.8%	4.9%	-20.1%	-48.4%
ROE	21.3%	24.8%	18.5%	16.8%	15.4%	14.1%	14.6%	12.6%	4.14%	-15%	-33.8%
ROA	13.8%	17.4%	13.4%	12%	11%	8.72%	9.4%	7.69%	2.45%	-8.73%	3.37%
ROIC	16.2%	17.9%	16.7%	14.5%	14.6%	9.53%	12.3%	11.7%	7.22%	8.65%	6.94%
Return on tangible assets	13.8%	17.4%	13.4%	12%	11.2%	60.1%	40%	52%	9.23%	-20.9%	-37.5%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	3	3.24	4.13	4.69	4.17	4.13	4.31	4.51	5.91	2.61	6.99
Quick ratio	0.87	1	1.22	1.2	1.52	1.36	1.56	1.47	1.96	0.7	1.65
Debt / equity	0.25	0.15	0.16	0.21	0.17	0.38	0.33	0.36	0.41	0.37	0.64
Debt / assets	0.16	0.1	0.12	0.15	0.12	0.23	0.21	0.22	0.24	0.22	0.36
Net debt / EBITDA	0.6	0.4	0.44	0.75	0.34	1.73	1.18	1.44	1.66	2.28	3.91
Interest coverage	35.6	45.6	42.9	36.2	24.2	31	26.7	22.3	9.11	-13.2	-35.4
Effective tax rate	30.3%	20.7%	23.9%	15.6%	23.3%	25%	22.3%	24.4%	49.6%	0%	0%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	19.1	20.7	22.3	21.3	23.4	30.2	35.6	37.9	32	25.1	23.4
EPS (basic)	1.82	2.44	2.17	2.27	2.37	4.37	4.94	4.82	1.56	-4.99	-4.99
EPS (diluted)	1.82	2.44	2.17	2.27	2.37	4.34	4.92	4.8	1.56	-4.99	-11.3
Book value per share	8.79	10.1	11.9	13.6	15.5	31.1	33.9	38.5	37.8	33.6	27.6
FCF per share	0.11	0.74	0.14	0.18	1.98	1.97	1.98	1.29	1.41	3.56	0.04
Cash per share	0.09	0.18	0.3	0.19	1.28	1.04	2.18	0.83	1.15	0.86	0.83
Capex per share	1	1.26	1.84	0.98	0.99	2.29	2.06	2.51	3.23	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	5.25%	6.06%	8.25%	4.61%	4.25%	7.56%	5.79%	6.61%	10.1%	—	—
Capex / operating cash flow	71.6%	59.2%	96.8%	66.9%	39.5%	55.9%	51.2%	83%	167%	—	—
Payout ratio	6.63%	41.6%	14.8%	17.7%	20.3%	11%	9.78%	9.96%	30.8%	-9.58%	96%
Dividend yield	0.25%	1.35%	0.57%	0.83%	1.03%	—	0.45%	0.49%	1.23%	1.99%	3.75%

Yield

3.75%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.12

ex-dividend Aug 14, 2026

Payout ratio

96%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 14, 2026	$0.12
May 15, 2026	$0.12
Mar 13, 2026	$0.12

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$211.6M	$214.9M	$170.6M	$190.8M	$161.5M	$180.8M	$121.7M	$145.5M	$130.9M	$138.3M	$106.4M	$124.4M
YoY change	+5.21%	+12.5%	-15.1%	-8.71%	-23.7%	-15.9%	-28.7%	-23.7%	-18.9%	-23.5%	-12.5%	-14.5%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	1.6M	3.1M	5M	3.3M	21.7M	21.6M	47.9M	18.4M	25.3M	18.5M
Receivables	26.1M	34.3M	38.8M	40.9M	57M	92.5M	109.3M	144.3M	148.5M	116.2M
Inventory	78.9M	93.1M	108.8M	136.9M	141M	245.9M	289.7M	346.9M	364.9M	382.7M
Total current assets	110.9M	134.7M	154.6M	184.2M	222.3M	367.1M	454.2M	514.3M	546.1M	522.7M
Property, plant & equipment	160.3M	175.3M	211.8M	134.9M	137.1M	217M	250.7M	276.3M	332.2M	341.8M
Goodwill & intangibles	—	—	—	—	7.3M	890.3M	886.1M	1.2B	1B	720.7M
Total assets	225.3M	240.3M	277.9M	322.6M	366.6M	1B	1.2B	1.4B	1.4B	1.2B
Accounts payable	20.3M	30M	25.4M	29.5M	30.3M	53.7M	66.4M	73.6M	66.3M	54.6M
Short-term debt	4.4M	372K	386K	2.6M	3.7M	6.1M	9.4M	9.7M	10.6M	10.1M
Total current liabilities	37M	41.6M	37.5M	39.3M	53.3M	88.8M	105.4M	114.1M	92.5M	200.1M
Long-term debt	31.6M	24.2M	31.6M	44.9M	41.3M	237.2M	236.4M	292.1M	329.1M	256.5M
Total liabilities	79M	71.6M	76.5M	91.6M	104M	397.2M	412.6M	543.3M	573.2M	519.1M
Shareholders' equity	146.3M	168.7M	201.4M	231M	262.5M	644.3M	745.6M	849.1M	832.5M	716.8M
Total debt	36M	24.6M	32M	47.6M	45M	243.3M	245.8M	301.9M	339.6M	266.6M
Net debt	34.4M	21.5M	27M	44.3M	23.4M	221.7M	197.9M	283.5M	314.4M	248.2M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	28M	18.4M	19.5M	21M	20.8M	25.3M	20.1M	17.3M	13.4M	18.5M	10.4M	17.8M
Receivables	126.7M	144.3M	133M	159M	130.4M	148.5M	107.8M	117.2M	106.7M	116.2M	86.6M	103.6M
Inventory	342.4M	346.9M	348.9M	358.6M	372.2M	364.9M	378.2M	379.7M	384.5M	382.7M	403.1M	408.4M
Total current assets	503.9M	514.3M	506.9M	546.4M	532M	546.1M	516.7M	520.2M	510.8M	522.7M	506M	534.8M
Property, plant & equipment	258.8M	276.3M	282.2M	286.4M	307.1M	332.2M	336.2M	341M	341.8M	341.8M	309.4M	307.5M
Goodwill & intangibles	1.2B	1.2B	1.2B	1.2B	1.2B	1B	1B	1B	1B	720.7M	413.8M	412.2M
Total assets	1.4B	1.4B	1.4B	1.4B	1.4B	1.4B	1.4B	1.4B	1.4B	1.2B	1B	1.1B
Accounts payable	54.4M	73.6M	49.6M	56.1M	53.7M	66.3M	54.4M	41.9M	42.7M	54.6M	49.8M	47.9M
Short-term debt	6.4M	9.7M	6.4M	6.4M	6.4M	10.6M	6.4M	6.4M	6.4M	10.1M	6.4M	6.4M
Total current liabilities	90.1M	114.1M	80.3M	84.8M	82.3M	92.5M	182.3M	178.6M	183.9M	200.1M	185M	76.5M
Long-term debt	322.9M	292.1M	303.7M	311.6M	295.3M	329.1M	303.5M	302.5M	273.8M	256.5M	247.6M	371.4M
Total liabilities	548.2M	543.3M	524.7M	541.2M	527.7M	573.2M	551.5M	545.9M	523.5M	519.1M	451.7M	466.9M
Shareholders' equity	818.2M	849.1M	865.5M	892.9M	912.9M	832.5M	826.7M	840.1M	853.5M	716.8M	579.6M	590.8M
Total debt	329.3M	301.9M	310.1M	318M	301.7M	339.6M	309.9M	308.9M	280.2M	266.6M	254M	377.8M
Net debt	301.3M	283.5M	290.6M	297M	280.9M	314.4M	289.8M	291.6M	266.8M	248.2M	243.6M	360M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	31.2M	41.8M	37.3M	38.8M	40.3M	90.8M	108.9M	107.1M	34.5M	-107.8M
Depreciation & amortization	11.3M	11.3M	11.4M	11.6M	13M	19.1M	21.5M	22.1M	22M	24.1M
Stock-based compensation	2.4M	2.6M	3.1M	3.3M	3M	5.6M	5.5M	10.6M	4M	4.7M
Change in working capital	-21.9M	-16.8M	-21.3M	-28.8M	-14.9M	-21.3M	-48.5M	-77.1M	-34.8M	15.6M
Operating cash flow	23.4M	35.6M	32.1M	25M	42.5M	84.8M	88.6M	66.6M	42.6M	121.5M
Capital expenditure	-16.7M	-21.1M	-31M	-16.7M	-16.8M	-47.4M	-45.3M	-55.3M	-71.2M	—
Investing cash flow	-17.7M	1.8M	-31M	-19.1M	-19.6M	-182.6M	-47.8M	-159.2M	-71.6M	-37K
Dividends paid	-2.1M	-17.4M	-5.5M	-6.9M	-8.2M	-10M	-10.6M	-10.7M	-10.6M	-10.3M
Share repurchases	-1.5M	-4.7M	-2.3M	-5.5M	-4.4M	-767K	-715K	-801K	-48.8M	-1M
Financing cash flow	-23.6M	-90.6M	-21.8M	-31.6M	-70.3M	-148M	-14.8M	3.9M	-23.8M	-83.5M
Net change in cash	-17.9M	-53.2M	-20.7M	-25.8M	-47.4M	-245.8M	26M	-88.8M	-52.7M	38M
Free cash flow	1.8M	12.4M	2.4M	3M	33.6M	40.9M	43.6M	28.5M	31.1M	76M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	13.1M	31M	20.6M	32M	23.9M	-42M	-3.1M	14.4M	15.4M	-134.6M	-134.8M	12M
Depreciation & amortization	5.8M	5.8M	5.3M	5.3M	5.7M	5.7M	5.8M	5.8M	6.2M	6.3M	6.3M	6.4M
Stock-based compensation	2M	5M	1.1M	865K	767K	1.3M	742K	1.3M	1.3M	1.4M	673K	1.6M
Change in working capital	-12.4M	-12.6M	3.2M	-38.2M	10M	-9.8M	24.9M	-16.7M	9.7M	886K	10.7M	-26.3M
Operating cash flow	8.6M	30.6M	35.1M	4.8M	45.7M	-43M	43.2M	12.2M	36.1M	29.1M	7M	-47.7M
Capital expenditure	-12M	-13.2M	-27M	-6.4M	-19.5M	-18.3M	-19.9M	-12.2M	—	—	—	—
Investing cash flow	-11.1M	-12.6M	-27.3M	-6.4M	-19.5M	-18.4M	-19.9M	-12.2M	-3K	-23K	449K	-127K
Dividends paid	-2.7M	-2.7M	-2.7M	-2.7M	-2.7M	-2.6M	-2.6M	-2.6M	-2.6M	-2.6M	-2.6M	-2.6M
Share repurchases	0	0	-7M	-2.8M	-2.5M	-36.5M	-1M	0	0	0	-886K	0
Financing cash flow	-11.3M	-137.3M	3.8M	3M	-24.8M	-5.8M	-30.2M	-178K	-31.2M	-19.2M	-11.1M	121.8M
Net change in cash	-13.8M	-119.2M	11.6M	1.4M	1.5M	-67.2M	-6.9M	-171K	4.9M	9.8M	-3.7M	74M
Free cash flow	16.4M	22M	-2.4M	-1.4M	24.5M	10.4M	24.8M	-557K	27.6M	24.3M	1.2M	-52.2M

Date	Ratio
Jul 16, 2004	2:1
Jul 16, 1992	3:2

MGP Ingredients Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history