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MGP Ingredients, Inc.

CASK Consumer Defensive Beverages Wineries & Distilleries

MGP Ingredients, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $536.4 million, down 23.8% from fiscal 2024.

Revenue
−9.93%
EPS
−54.8%
Free cash flow
−1.31%
Total debt
+27.0%

Quarter to September 2026, against a year earlier

17.49 0.40 −2.24%
Market cap
$375.4M
P/E
0.0×
Fwd P/E
−3.5×
Dividend yield
2.74%
F-score
4/9
Altman Z
1.60
Beneish M
−3.72
Dividend safety
47/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 9.57
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 1 — — — — 1 — — 1 1 — —
Insider Ownership 32.29%

Capital & Financial Ratios $m

Size
Market Cap 375.42
Revenue ttm 487.01
Net income ttm (250.54)
Free cash flow ttm 0.53
Net debt Q 327.64
Valuation
P/E 0.00
Forward P/E (3.45) (negative: loss-making)
Price / sales 0.77
Forward P/S Powerpack
Price / FCF 712.15
Price / book 0.63
Financial health
Current ratio Q 6.91 (at or above 1.5: strong)
Debt / equity Q 0.57
Interest coverage Q 3.57
Growth
Revenue growth Q −9.93% (below 0%: shrinking)
Operating income growth Q −42.82% (below 0%: shrinking)
EPS, this year −40.77% (below 0%: weak)
EPS, next year A +11.61%
Revenue, next year A −9.99% (below 0%: weak)
EPS, past 5 yrs —
EPS, next 5 yrs A −5.24% (below 0%: weak)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.4×, against a ten-year median of 2.6×; over the ten years it ranged from 1.2× in 2026 to 4.7× in 2018.
P/S against its own 10 years 5.17%
10-year low 10-year high
P/B against its own 10 years 5.72%
10-year low 10-year high
EV/Sales against its own 10 years 15.11%
10-year low 10-year high
EV/FCF against its own 10 years 96.34%
10-year low 10-year high

Dividends

Yield
2.74%
Annual rate
0.48
Payout ratio
—
Growth, 2018–26
+5.20%/yr
  1. 0.32 ’18
  2. 0.40 ’19 +25
  3. 0.48 ’20 +20
  4. 0.48 ’21 +0
  5. 0.48 ’22 +0
  6. 0.48 ’23 +0
  7. 0.48 ’24 +0
  8. 0.48 ’25 +0
  9. 0.48 ’26 +0
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 18 25 18 14
Receivables 145 152 119 95
Inventory 347 365 383 401
Other — — — —
514 546 523 513
2023 2024 2025 Q'26
Payables 74 66 55 42
ST’ Debt 6 6 6 6
Other — — 111 —
114 92 200 74

Compound Annual Growth %

10y 5y 3y
Sales 5.05% 6.28% (11.82%)
Cash Flow 20.61% 17.94% 10.97%
Earnings 0.00% 0.00% 0.00%
Book Value 19.96% 22.25% (1.31%)

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.34 Actual 0.39

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.49 0.63 Beat by 0.14
Q1 FY26 0.04 0.15 Beat by 0.11
Q2 FY26 0.49 0.72 Beat by 0.23
Q3 FY26 0.34 0.39 Beat by 0.05
Q4 FY26 0.50 — Reports 24 February 2027

EPS $

Mar Jun Sep Dec Year
’26 (6.30) 0.55 0.32 — —
’25 (0.14) 0.67 0.71 (6.22) (4.99)
’24 0.92 1.43 1.07 (1.91) 1.56
’23 1.39 1.44 0.58 1.39 4.80
’22 1.69 1.15 1.06 1.01 4.92
’21 0.90 0.91 1.08 1.40 4.34
’20 0.57 0.50 0.61 0.69 2.37
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 106 124 118 — —
’25 122 145 131 138 536
’24 171 191 161 181 704
’23 201 209 212 215 837
’22 195 195 201 191 782
’21 108 175 177 167 627
’20 99 93 103 101 396
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 7 (48) 32 — —
’25 45 12 36 29 122
’24 25 5 44 29 102
’23 5 15 28 35 84
’22 22 21 29 17 89
’21 17 30 23 17 88
’20 1 5 23 24 53
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 1 (52) 27 — —
’25 25 (1) 28 24 76
’24 (2) (1) 24 10 31
’23 (11) 1 16 22 29
’22 12 13 18 1 44
’21 5 24 4 7 41
’20 (5) 1 20 20 36
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.4
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 318 347 376 363 396 627 782 837 704 536 487 +6.0% 483 504 539 +0.2%
Gross margin, % 20.51 21.88 22.23 21.10 24.98 31.75 32.38 36.43 40.69 37.18 34.65 +16.7 pt
EBT 45 53 49 46 53 121 140 142 68 (100) (287) n/m
EBT margin, % 14.05 15.18 13.02 12.66 13.30 19.32 17.92 16.94 9.73 (18.71) (58.95) (32.8) pt
Net income 31 42 37 39 40 91 109 107 34 (108) (251) n/m
Per share, $
Per share, $ Revenue 19.12 20.75 22.30 21.32 23.35 30.25 35.56 37.92 31.96 25.11 22.70 +3.1%
Earnings 1.82 2.44 2.17 2.27 2.37 4.37 4.94 4.82 1.56 (4.99) (11.65) n/m
Cash flow 1.18 2.00 1.99 1.16 3.14 4.26 4.04 3.80 4.65 5.69 0.94 +19.0%
Capex (1.00) (1.26) (1.84) (0.98) (0.99) (2.29) (2.06) (2.51) (3.23) (2.13) (0.92) +8.7%
Free cash flow 0.18 0.74 0.14 0.18 2.15 1.97 1.98 1.29 1.41 3.56 0.02 +39.3%
Book value 8.79 10.08 11.94 13.58 15.50 31.09 33.89 38.49 37.82 33.55 27.82 +16.0%
Shares, m 17 17 17 17 17 21 22 22 22 21 21 +2.8%
Valuation, ×
Valuation, × P/E 27.33 32.59 26.29 21.34 19.86 19.63 20.86 20.35 26.07 0.00 0.00 21.4
P/S 2.59 3.82 2.56 2.27 2.02 2.81 2.89 2.59 1.23 0.97 0.77 2.4
P/B 5.63 7.86 4.78 3.57 3.04 2.73 3.03 2.55 1.04 0.72 0.63 3.5
EV/Sales 2.69 3.88 2.63 2.38 2.06 3.15 3.12 2.91 1.66 1.40 1.44 2.6
EV/FCF 285.12 108.56 406.24 288.10 22.36 48.27 56.06 85.33 37.46 9.90 1,333.84 134.7
Cash, $m
Cash, $m Operating cash flow 20 33 33 20 53 88 89 84 102 122 20 +22.4%
Capex (17) (21) (31) (17) (17) (47) (45) (55) (71) (45) (20) +11.8%
Free cash flow 3 12 2 3 36 41 44 29 31 76 1 +43.2%
Balance, $m
Balance, $m Working capital 74 93 117 145 169 278 349 400 454 323 439 +17.8%
Net debt 34 21 27 38 18 212 182 269 298 234 328 +23.7%
Shareholders’ equity 146 169 201 231 263 644 746 849 833 717 597 +19.3%
Returns, %
Returns, % ROA 14.41 17.53 14.12 12.84 11.63 12.87 9.87 8.34 2.45 (8.06) (20.67) (22.5) pt
ROIC 14.52 14.10 13.72 10.98 12.08 9.23 10.03 8.31 4.11 (6.22) (18.84) (20.7) pt
ROE 23.04 25.92 19.76 17.82 16.24 19.98 15.63 13.34 4.08 (13.75) (34.36) (36.8) pt
People
People Employees 311 317 332 341 360 672 690 705 660 617 — +7.9%
Revenue/emp, $m 1.02 1.10 1.13 1.06 1.10 0.93 1.13 1.19 1.07 0.87 — (1.8%)
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

MGP Ingredients, Inc. vs peers in Beverages Wineries & Distilleries (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
BF.A Brown Forman Corporation $14.4B 20.5× — −1.41% (below 0%: shrinking) +5.56% (above 0%: growing) −0.62% (below 0%: shrinking) 60.26% 27.66% Compare
BF.B Brown-Forman Corporation $14.3B 20.0× 17.0× −1.41% (below 0%: shrinking) +5.56% (above 0%: growing) −0.62% (below 0%: shrinking) 60.26% 27.66% Compare
AGCC Agencia Comercial Spirits Ltd $815.8M — — — — — — — Compare
CASK MGP Ingredients, Inc. $375.4M — (loss-making) — (loss-making) −9.93% (below 0%: shrinking) −54.79% (below 0%: shrinking) −1.31% (below 0%: shrinking) 34.31% 10.19%
SNDL SNDL Inc. $335.8M — (loss-making) — (loss-making) −4.05% (below 0%: shrinking) n/m −33.85% (below 0%: shrinking) 24.32% (23.61%) Compare
WVVI Willamette Valley Vineyards, Inc. $8.6M — (loss-making) — (loss-making) −1.56% (below 0%: shrinking) n/m +54.68% (above 0%: growing) 57.53% (13.49%) Compare
IBG Innovation Beverage Group Limited $3.2M — — — n/m — 70.21% (49.22%) Compare
AMSS AMASS Brands, Inc. $2.6M — (loss-making) — (loss-making) — n/m — 26.74% (106.53%) Compare
YHC LQR House Inc. $2.1M — (loss-making) — (loss-making) −30.59% (below 0%: shrinking) n/m +5.45% (above 0%: growing) 13.27% (351.79%) Compare
Median of peers $172.2M — — −1.56% — −0.62% 57.53% (23.61%)

All 11 Beverages Wineries & Distilleries stocks →

MGP Ingredients, Inc. (CASK) Latest News

3 Nov

Impact 3 ·

31 Oct

Impact 3 · · StockStory

30 Oct

Impact 3 · · Simply Wall St.

29 Oct

Impact 3 · · Trefis

28 Oct

Impact 4 · · Moby transcript
Impact 4 · · The Motley Fool transcript
Impact 3 · · StockStory
Impact 3 · · Associated Press
Impact 3 · · MarketBeat
Impact 3 · · Zacks
Impact 3 · · StockStory
Impact 3 · · Business Wire earnings
Impact 2 · · Trefis

27 Oct

Impact 3 · · StockStory

15 Oct

Impact 4 · · just-drinks.com
Impact 4 · · Business Wire

14 Oct

Impact 2 · · Business Wire

5 Oct

Impact 3 · · StockStory

11 Sep

Impact 4 · · just-drinks.com

10 Sep

Impact 2 ·

9 Sep

Impact 3 ·

2 Sep

Impact 2 ·

14 Aug

Impact 3 ·

7 Aug

Impact 3 · · The Motley Fool transcript

6 Aug

Impact 4 · · courier-journal.com

4 Aug

Impact 2 · · TheStreet

30 Jul

Impact 3 · · Moby

29 Jul

Impact 4 · · MarketBeat transcript
Impact 3 ·
Impact 2 ·
stockrow.com/CASK · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com