MGP INGREDIENTS INC MGPI

Industrials SIC 5180 - Wholesale-Beer, Wine & Distilled Alcoholic Beverages NAICS Wholesale Trade › Merchant Wholesalers, Nondurable Goods › Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers derived Nasdaq

MGP Ingredients, Inc. was incorporated in 2011 in Kansas, continuing a business originally founded by Cloud L. Cray, Sr. in Atchison, Kansas in 1941. As used herein, the terms "MGP," "Company," "we," "our," "us," and words of similar import, refer to MGP Ingredients, Inc. and its consolidated subsidiaries unless the context otherwise indicates. In this Annual Report on Form 10-K (this "Report"), for any references to Note 1 through Note 16 refer to the Notes to Consolidated Financial Statements in Item 8.

All amounts in this Report, except for shares, par values, bushels, gallons, pounds, mmbtu, proof gallons, 9-liter cases, per share, per bushel, per gallon, per pound, per mmbtu, per proof gallon, per 9-liter case, and percentages, are shown in thousands unless otherwise noted.

Last close 15.73 2026-10-23
Market cap $336.2M 2026-03-31 share count
52-week range 12.42 - 26.77

Valuation FY2025 figures against the last close

P/S0.6x
P/E—
P/FCF4.4x
EV/EBITDA—
Dividend yield3.1%
Diluted EPS-4.99

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $536.4M$703.6M$836.5M$782.4M$626.7M$395.5M$362.7M$376.1M$347.4M$318.3M
Cost of revenue $337.0M$417.3M$531.8M$529.1M$427.8M$296.7M$286.2M$292.5M$271.4M$253.0M
Gross profit $199.4M$286.3M$304.7M$253.3M$199.0M$98.8M$76.5M$83.6M$76.0M$65.3M
R&D —————————$916.0K
SG&A $84.8M$81.4M$91.4M$74.6M$72.8M$41.9M$26.5M$33.5M$33.1M$26.7M
Operating income -$94.6M$74.4M$148.6M$149.0M$126.4M$54.2M$47.2M$50.1M$42.9M$42.0M
Interest expense $7.0M$8.4M$6.6M$5.5M$4.0M$2.3M$1.3M$1.2M$1.2M$1.3M
Pre-tax income -$100.3M$68.4M$141.7M$140.2M$121.1M$52.6M$45.9M$49.0M$52.8M$44.7M
Income tax $7.5M$34.0M$34.6M$31.3M$30.3M$12.3M$7.1M$11.7M$10.9M$13.5M
Net income -$107.8M$34.5M$107.1M$108.9M$90.8M$40.3M$38.8M$37.3M$41.8M$31.2M
EPS, basic -4.991.564.824.944.372.372.27———
EPS, diluted -4.991.564.804.924.372.372.272.172.441.82
Shares, diluted (wtd. avg.) 21.4M22.0M22.2M22.1M20.7M16.9M17.0M——16.6M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $18.5M$25.3M$18.4M$47.9M$21.6M$21.7M$3.3M$5.0M$3.1M$1.6M
Receivables $116.2M$148.5M$144.3M$109.3M$92.5M$57.0M$40.9M$38.8M$34.3M$26.1M
Total current assets $522.7M$546.1M$514.3M$454.2M$367.1M$222.3M$184.2M$154.6M$134.7M$110.9M
Property, plant and equipment $328.0M$316.7M$262.3M$235.6M$207.3M$132.0M$128.4M$120.8M$103.1M$92.8M
Goodwill $115.7M$247.8M$321.5M$226.3M$226.3M$2.7M——$1.5M$1.5M
Other intangibles $244.7M$268.5M$271.7M$216.8M$218.8M$890.0K————
Total assets $1.24B$1.41B$1.39B$1.16B$1.04B$366.6M$322.6M$277.9M$240.3M$225.3M
Accounts payable $54.6M$66.3M$73.6M$66.4M$53.7M$30.3M$29.5M$25.4M$30.0M$20.3M
Total current liabilities $200.1M$92.5M$114.1M$105.4M$88.8M$53.3M$39.3M$37.5M$41.6M$37.0M
Long-term debt $260.1M$329.4M$293.9M$29.5M$35.3M$38.3M$40.7M$21.0M$21.4M$36.6M
Total liabilities $519.1M$573.2M$543.3M$412.6M$397.2M$104.0M$91.6M$76.5M$71.6M$79.0M
Retained earnings $445.7M$563.9M$539.9M$443.1M$344.2M$262.9M$230.8M$198.9M$167.1M$142.7M
Total equity $718.4M$834.2M$849.1M$745.6M$644.3M$262.5M$231.0M$201.4M$168.7M$146.3M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $121.5M$102.3M$83.8M$88.9M$88.3M$53.3M$19.7M$33.5M$33.5M$19.7M
Depreciation and amortisation $24.1M$22.0M$22.1M$21.5M$19.1M$13.0M$11.6M$11.4M$11.3M$11.3M
Stock-based compensation $4.7M$4.0M$10.6M$5.5M$5.6M$3.0M$3.3M$3.1M$2.6M$2.4M
Capital expenditure $45.5M$71.2M$55.3M$45.3M$47.4M$19.7M$16.7M$31.0M$21.1M$17.9M
Investing cash flow -$45.5M-$71.6M-$159.2M-$47.8M-$182.6M-$19.6M-$17.9M-$31.0M$1.8M-$17.7M
Financing cash flow -$83.5M-$23.8M$45.9M-$14.8M$94.3M-$15.3M-$3.5M-$494.0K-$33.7M-$1.2M
Dividends paid $10.3M$10.6M$10.7M$10.6M$10.0M$8.2M$6.9M$5.5M$17.4M$2.1M
Buybacks $1.0M$48.8M$801.0K$715.0K$767.0K$4.4M$5.5M$2.3M$4.7M$1.5M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000835011-26-000058.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -250M 0 250M 500M 750M 1B Revenue, FY2016: 318.3M Gross profit, FY2016: 65.3M Net income, FY2016: 31.2M Revenue, FY2017: 347.4M Gross profit, FY2017: 76M Net income, FY2017: 41.8M Revenue, FY2018: 376.1M Gross profit, FY2018: 83.6M Net income, FY2018: 37.3M Revenue, FY2019: 362.7M Gross profit, FY2019: 76.5M Net income, FY2019: 38.8M Revenue, FY2020: 395.5M Gross profit, FY2020: 98.8M Net income, FY2020: 40.3M Revenue, FY2021: 626.7M Gross profit, FY2021: 199M Net income, FY2021: 90.8M Revenue, FY2022: 782.4M Gross profit, FY2022: 253.3M Net income, FY2022: 108.9M Revenue, FY2023: 836.5M Gross profit, FY2023: 304.7M Net income, FY2023: 107.1M Revenue, FY2024: 703.6M Gross profit, FY2024: 286.3M Net income, FY2024: 34.5M Revenue, FY2025: 536.4M Gross profit, FY2025: 199.4M Net income, FY2025: -107.8M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $318.3M $347.4M $376.1M $362.7M $395.5M $626.7M $782.4M $836.5M $703.6M $536.4M
Gross profit $65.3M $76.0M $83.6M $76.5M $98.8M $199.0M $253.3M $304.7M $286.3M $199.4M
Net income $31.2M $41.8M $37.3M $38.8M $40.3M $90.8M $108.9M $107.1M $34.5M -$107.8M

Recent filings and events

  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Officer or director change Item 5.02
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Results announced Item 2.02
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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