A Business at a Glance
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MGP INGREDIENTS INC
MGPI
$378M
Mkt Cap
$17.69
+0.23%
MGP INGREDIENTS INC (MGPI) has a 5-year average return on invested capital (ROIC) of 8.4%. This is below average and may indicate limited pricing power.
MGP INGREDIENTS INC (MGPI) has a market capitalization of $378M. It is classified as a small-cap stock.
Yes, MGP INGREDIENTS INC (MGPI) pays a dividend with a trailing twelve-month yield of 2.74%. The company also returns capital through share buybacks, with a buyback yield of 0.23%.
MGP INGREDIENTS INC (MGPI) operates in the Wholesale-Beer, Wine & Distilled Alcoholic Beverages industry, within the Consumer Defensive sector.
MGP INGREDIENTS INC (MGPI) reported annual revenue of $536 million in its most recent fiscal year, based on SEC EDGAR filings.
MGP INGREDIENTS INC (MGPI) has a net profit margin of -19.9%. The company is currently unprofitable.
MGP INGREDIENTS INC (MGPI) generated $76 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
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. AVAILABLE INFORMATION We make available through our website (www.mgpingredients.com) under “Investors,” free of charge, our annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, special reports, other information, and amendments to those reports, as soon as reasonably practicable after we electronically file or furnish such material with the Securities and Exchange Commission (“SEC”).
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 521M | 536M | 704M | 837M | 782M | 627M |
| Net Income | -238M | -107M | 34M | 106M | 109M | 91M |
| EPS | $-11.17 | $-4.99 | $1.56 | $4.80 | $4.92 | $4.37 |
| Free Cash Flow | 53M | 76M | 31M | 29M | 44M | 41M |
| ROIC | -34.1% | -11.0% | 4.8% | 11.9% | 16.4% | 19.9% |
| Gross Margin | 36.4% | 37.2% | 40.7% | 36.4% | 32.4% | 31.7% |
| Debt/Equity | 0.08 | 0.39 | 0.17 | 0.37 | 0.07 | 0.07 |
| Dividends/Share | $0.48 | $0.48 | $0.48 | $0.48 | $0.48 | $0.48 |
| Operating Income | -267M | -95M | 74M | 149M | 149M | 126M |
| Operating Margin | -51.2% | -17.6% | 10.6% | 17.8% | 19.0% | 20.2% |
| ROE | -41.0% | -13.7% | 4.1% | 13.3% | 15.6% | 20.0% |
| Shares Outstanding | 21M | 21M | 22M | 22M | 22M | 21M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 16M | 328M | 318M | 347M | 376M | 363M | 396M | 627M | 782M | 837M | 704M | 536M | 521M |
| Gross Margin | N/A | 17.9% | 20.5% | 21.9% | 22.2% | 21.1% | 25.0% | 31.7% | 32.4% | 36.4% | 40.7% | 37.2% | 36.4% |
| R&D | 1.6M | 748K | 916K | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 20M | 26M | 27M | 33M | 33M | 26M | 42M | 73M | 75M | 91M | 81M | 85M | 85M |
| EBIT | 26M | 33M | 42M | 43M | 50M | 47M | 54M | 126M | 149M | 149M | 74M | -95M | -267M |
| Op. Margin | N/A | 10.0% | 13.2% | 12.3% | 13.3% | 13.0% | 13.7% | 20.2% | 19.0% | 17.8% | 10.6% | -17.6% | -51.2% |
| Net Income | 23M | 25M | 30M | 41M | 37M | 39M | 40M | 91M | 109M | 106M | 34M | -107M | -238M |
| Net Margin | 140.1% | 7.7% | 9.5% | 11.8% | 9.7% | 10.6% | 10.1% | 14.5% | 13.9% | 12.7% | 4.9% | -19.9% | -45.7% |
| Non-Recurring | -38K | 0 | 872K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 74M | 132M | 132M |
| Returns on Capital | |||||||||||||
| ROIC | 21.8% | 15.6% | 15.9% | 17.6% | 18.2% | 15.8% | 15.0% | 19.9% | 16.4% | 11.9% | 4.8% | -11.0% | -34.1% |
| ROE | 24.6% | 23.0% | 23.0% | 25.9% | 19.8% | 17.8% | 16.2% | 20.0% | 15.6% | 13.3% | 4.1% | -13.7% | -41.0% |
| ROA | 14.7% | 14.3% | 14.4% | 17.5% | 14.1% | 12.8% | 11.6% | 12.9% | 9.9% | 8.3% | 2.5% | -8.1% | -23.1% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 16M | 19M | 20M | 33M | 33M | 20M | 53M | 88M | 89M | 84M | 102M | 122M | 84M |
| Free Cash Flow | 8.9M | -12M | 1.8M | 12M | 2.4M | 3.0M | 34M | 41M | 44M | 29M | 31M | 76M | 53M |
| Owner Earnings | 2.6M | 4.9M | 6.1M | 20M | 19M | 4.8M | 37M | 64M | 62M | 51M | 76M | 93M | 55M |
| CapEx | 7.0M | 31M | 18M | 21M | 31M | 17M | 20M | 47M | 45M | 55M | 71M | 45M | 31M |
| Maint. CapEx | 12M | 12M | 11M | 11M | 11M | 12M | 13M | 19M | 21M | 22M | 22M | 24M | 25M |
| Growth CapEx | 0 | 18M | 6.7M | 9.7M | 20M | 5.2M | 6.7M | 28M | 24M | 33M | 49M | 21M | 6.7M |
| D&A | 12M | 12M | 11M | 11M | 11M | 12M | 13M | 19M | 21M | 22M | 22M | 24M | 25M |
| CapEx/OCF | 44.0% | 163.6% | 90.9% | 62.9% | 92.7% | 84.8% | 37.0% | 53.7% | 51.0% | 66.0% | 69.6% | 37.4% | 37.3% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 907K | 1.1M | 2.1M | 17M | 5.5M | 6.9M | 8.2M | 10M | 11M | 11M | 11M | 10M | 10M |
| Dividend Yield | 0.6% | 0.4% | 0.4% | 2.0% | 0.4% | 0.7% | 1.3% | 0.8% | 0.5% | 0.5% | 0.7% | 1.7% | 2.7% |
| Share Buybacks | 672K | 15M | 1.5M | 4.7M | 2.3M | 5.5M | 4.4M | 767K | 715K | 801K | 49M | 1.0M | 886K |
| Buyback Yield | 0.3% | 3.8% | 0.2% | 0.4% | 0.3% | 0.7% | 0.6% | 0.0% | 0.0% | 0.0% | 5.7% | 0.2% | 0.2% |
| Stock-Based Comp | 930K | 1.4M | 2.4M | 2.6M | 3.1M | 3.3M | 3.0M | 5.6M | 5.5M | 11M | 4.0M | 4.7M | 4.6M |
| Debt Repayment | 1.6M | 1.6M | 2.3M | 358K | 372K | 386K | 1.2M | 1.6M | 3.4M | 48M | 89M | 97M | 97M |
| Balance Sheet | |||||||||||||
| Net Debt | 11M | 55M | 50M | 21M | 27M | 44M | 23M | 27M | 2.6M | 296M | 119M | 262M | 38M |
| Cash & Equiv. | 5.6M | 747K | 1.6M | 3.1M | 5.0M | 3.3M | 22M | 22M | 48M | 18M | 25M | 18M | 10M |
| Long-Term Debt | 7.3M | 30M | 32M | 21M | 21M | 41M | 38M | 35M | 30M | 294M | 121M | 260M | 42M |
| Debt/Equity | 0.16 | 0.48 | 0.35 | 0.15 | 0.16 | 0.21 | 0.17 | 0.07 | 0.07 | 0.37 | 0.17 | 0.39 | 0.08 |
| Interest Coverage | 31.8 | 61.5 | 32.4 | 36.2 | 42.9 | 36.2 | 23.9 | 31.3 | 27.3 | 22.4 | 8.8 | -13.4 | -13.4 |
| Equity | 104M | 116M | 146M | 169M | 201M | 231M | 263M | 645M | 747M | 850M | 834M | 718M | 581M |
| Total Assets | 160M | 194M | 225M | 240M | 278M | 323M | 367M | 1.0B | 1.2B | 1.4B | 1.4B | 1.2B | 1.0B |
| Total Liabilities | 56M | 78M | 79M | 72M | 76M | 92M | 104M | 397M | 413M | 543M | 573M | 519M | 452M |
| Intangibles | N/A | 0 | 350K | 350K | N/A | 0 | 890K | 219M | 217M | 272M | 268M | 245M | 207M |
| Retained Earnings | 89M | 114M | 143M | 167M | 199M | 231M | 263M | 344M | 443M | 540M | 564M | 446M | 308M |
| Working Capital | 51M | 54M | 74M | 93M | 117M | 145M | 169M | 278M | 349M | 400M | 454M | 323M | 321M |
| Current Assets | 82M | 91M | 111M | 135M | 155M | 184M | 222M | 367M | 454M | 514M | 546M | 523M | 506M |
| Current Liabilities | 31M | 38M | 37M | 42M | 37M | 39M | 53M | 89M | 105M | 114M | 92M | 200M | 185M |
| Per Share Data | |||||||||||||
| EPS | 1.32 | 1.48 | 1.82 | 2.44 | 2.17 | 2.27 | 2.37 | 4.37 | 4.92 | 4.80 | 1.56 | -4.99 | -11.17 |
| Owner EPS | 0.15 | 0.28 | 0.37 | 1.17 | 1.13 | 0.29 | 2.20 | 3.07 | 2.81 | 2.30 | 3.47 | 4.34 | 2.56 |
| Book Value | 6.03 | 6.79 | 8.81 | 10.08 | 11.95 | 13.61 | 15.52 | 31.10 | 33.83 | 38.37 | 37.95 | 33.66 | 27.20 |
| Cash Flow/Share | 0.91 | 1.09 | 1.19 | 2.00 | 1.99 | 1.16 | 3.15 | 4.26 | 4.03 | 3.78 | 4.65 | 5.69 | -10.01 |
| Dividends/Share | 0.05 | 0.06 | 0.12 | 1.01 | 0.32 | 0.40 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 |
| Shares Out. | 17.3M | 17.1M | 16.6M | 16.7M | 16.9M | 17.0M | 16.9M | 20.7M | 22.1M | 22.2M | 22.0M | 21.3M | 21.4M |
| Valuation | |||||||||||||
| P/E Ratio | 11.6 | 16.0 | 25.4 | 29.3 | 24.9 | 20.4 | 20.0 | 19.3 | 21.0 | 20.6 | 24.9 | N/A | -1.6 |
| P/FCF | 29.8 | N/A | 426.6 | 96.2 | 373.8 | 263.0 | 23.8 | 42.8 | 52.4 | 76.7 | 27.5 | 6.8 | 7.2 |
| EV/EBIT | 16.6 | 14.0 | 18.5 | 28.2 | 18.4 | 17.4 | 14.7 | 13.8 | 15.0 | 15.1 | 12.6 | N/A | N/A |
| Price/Book | 2.5 | 3.5 | 5.2 | 7.1 | 4.5 | 3.4 | 3.0 | 2.7 | 3.1 | 2.6 | 1.0 | 0.7 | 0.7 |
| Price/Sales | 8.7 | 13.8 | 1.6 | 2.5 | 3.4 | 2.7 | 1.5 | 2.1 | 2.7 | 2.6 | 2.3 | 1.2 | 0.7 |
| FCF Yield | 3.4% | -2.9% | 0.2% | 1.0% | 0.3% | 0.4% | 4.2% | 2.3% | 1.9% | 1.3% | 3.6% | 14.7% | 13.9% |
| Market Cap | 264M | 405M | 768M | 1.2B | 910M | 787M | 800M | 1.7B | 2.3B | 2.2B | 854M | 516M | 378M |
| Avg. Price | 8.22 | 15.13 | 31.11 | 52.62 | 75.18 | 58.02 | 35.88 | 63.61 | 95.40 | 99.29 | 74.14 | 28.92 | 17.69 |
| Year-End Price | 15.28 | 23.70 | 46.21 | 71.41 | 53.99 | 46.35 | 47.29 | 84.40 | 103.56 | 98.71 | 38.84 | 24.19 | 17.69 |
MGP INGREDIENTS INC passes 3 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 5.0x vs a median of 42.8x. The company's 5-year average ROIC is 8.4% with a gross margin of 35.7%. Total shareholder yield (dividends + buybacks) is 3.0%. At current prices, the estimated annualized return to fair value is +25.9%.
MGP INGREDIENTS INC (MGPI) has a debt-to-equity ratio of 0.39. This indicates a conservatively financed balance sheet.
MGP INGREDIENTS INC (MGPI) reported earnings per share (EPS) of $-4.99 in its most recent fiscal year.
MGP INGREDIENTS INC (MGPI) has a return on equity (ROE) of -13.7%. A negative ROE may indicate losses or negative equity.
MGP INGREDIENTS INC (MGPI) has a 5-year average gross margin of 35.7%. This indicates decent pricing power.
The Ledger Terminal provides 17 years of financial data for MGP INGREDIENTS INC (MGPI), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
MGP INGREDIENTS INC (MGPI) has a book value per share of $33.66, based on its most recent annual SEC filing.