MGP Ingredients, Inc.

MGPI 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. In the quarter to June 2026, revenue fell 14.5%, EPS fell 17.9%, free cash flow fell 9,268.8% and total debt rose 24.4%, each against the same quarter a year earlier. Dividend growth for five consecutive years.

15.07 0.33 −2.14%
Market cap
$329.8M
P/E
0.0×
Fwd P/E
−3.4×
Dividend yield
3.19%
F-score
4/9
Altman Z
1.60
Beneish M
−3.72
Dividend safety
47/100
Dec '16 Dec '17 Dec '18 Dec '19 Dec '20 Dec '21 Dec '22 Dec '23 Dec '24 Dec '25
P/E ratio
27.33 32.59 26.29 21.34 19.86 19.63 20.86 20.35 26.07 0.00
Piotroski F-Score
7 6 4 3 6 4 5 4 6 4
P/S ratio
2.59 3.82 2.56 2.27 2.02 2.81 2.89 2.59 1.23 0.97
Altman Z-Score
9.62 14.26 11.01 8.55 7.72 4.45 5.40 4.24 2.53 1.60
Altman Z″-Score (non-manufacturers)
7.41 8.48 9.08 8.91 9.01 5.35 5.98 5.51 5.31 3.82
P/FCF ratio
273.67 106.83 395.16 275.48 21.86 43.08 51.87 75.90 27.87 6.83
Beneish M-Score
(2.33) (2.46) (2.35) (1.10) (2.46) 2.90 (2.26) (2.20) (2.84) (3.72)
P/Operating CF
46.05 77.91 30.24 112.77 33.49 100.75 135.61 61.52 30.13 17.85
Dividend Safety Score
— — — — — — — — — 47
P/B ratio
5.63 7.86 4.78 3.57 3.04 2.73 3.03 2.55 1.04 0.72
Price to Tangible BV
5.63 7.86 4.78 3.57 3.08 8.84 7.48 8.46 2.74 1.46
EV/Sales
2.69 3.88 2.63 2.38 2.06 3.15 3.12 2.91 1.66 1.40
EV/EBITDA
16.11 24.86 16.08 14.66 12.13 13.56 14.35 14.25 6.85 9.17
EV/Operating CF
43.49 40.27 29.54 43.71 15.31 22.35 27.49 29.04 11.39 6.20
EV/FCF
285.12 108.56 406.24 288.10 22.36 48.27 56.06 85.33 37.46 9.90
Quick Ratio
0.82 0.95 1.19 1.15 1.47 1.35 1.53 1.44 1.92 0.69
Current Ratio
3.00 3.24 4.13 4.69 4.17 4.13 4.31 4.51 5.91 2.61
Net Debt/EBITDA
0.65 0.40 0.44 0.64 0.27 1.46 1.07 1.57 1.75 2.85
Debt/Assets
15.98% 10.22% 11.52% 12.73% 10.88% 22.41% 19.89% 20.63% 23.01% 20.42%
Debt/Equity
0.25 0.15 0.16 0.18 0.15 0.36 0.31 0.34 0.39 0.35
Asset Turnover
1.52 1.49 1.45 1.21 1.15 0.89 0.71 0.66 0.50 0.41
Operating CF/Net income
0.65 0.82 0.92 0.51 1.33 0.97 0.82 0.79 2.98 (1.14)
Capex/Depreciation
(1.49) (1.86) (2.73) (1.45) (1.30) (2.48) (2.11) (2.50) (0.74) (0.26)
Interest Coverage
32.44 36.24 42.93 36.20 23.93 31.30 27.33 22.36 8.82 (13.43)
ROE
23.04% 25.92% 19.76% 17.82% 16.24% 19.98% 15.63% 13.34% 4.08% (13.75%)
ROA
14.41% 17.53% 14.12% 12.84% 11.63% 12.87% 9.87% 8.34% 2.45% (8.06%)
ROIC
14.52% 14.10% 13.72% 10.98% 12.08% 9.23% 10.03% 8.31% 4.11% (6.22%)
Return on Tangible Assets
18.13% 20.81% 15.37% 14.10% 13.32% 18.66% 18.58% 16.06% 4.45% (16.37%)
Average Days of Receivables
33.02 38.16 38.34 42.18 52.57 57.12 53.00 63.48 78.82 81.23
Research and Development Expense of Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Selling, General and Administrative Expense of Revenue
8.39% 9.53% 8.89% 8.07% 11.27% 14.19% 13.34% 15.49% 17.32% 21.61%
Intangible Assets out of Total Assets
0.01 0.01 0.00 0.00 0.01 0.43 0.38 0.43 0.37 0.29
Share Based Compensation of Revenue
0.75% 0.74% 0.82% 0.91% 0.76% 0.89% 0.70% 1.27% 0.57% 0.88%
Graham Net Nets
0.04 0.05 0.08 0.11 0.15 (0.02) 0.02 (0.01) (0.03) 0.01
Graham Number
18.92 23.47 24.15 26.34 28.75 55.04 61.31 64.61 35.84 0.00
Earnings Yield
3.66% 3.07% 3.80% 4.69% 5.04% 5.09% 4.79% 4.91% 3.84% (20.49%)
Free Cash Flow Yield
0.37% 0.94% 0.25% 0.36% 4.57% 2.32% 1.93% 1.32% 3.59% 14.65%
Revenue per Share
19.12 20.75 22.30 21.32 23.35 30.25 35.56 37.92 31.96 25.11
Operating CF per Share
1.18 2.00 1.99 1.16 3.14 4.26 4.04 3.80 4.65 5.69
Capex per Share
(1.00) (1.26) (1.84) (0.98) (0.99) (2.29) (2.06) (2.51) (3.23) (2.13)
Free Cash Flow per Share
0.18 0.74 0.14 0.18 2.15 1.97 1.98 1.29 1.41 3.56
Cash per Share
0.09 0.18 0.30 0.19 1.28 1.04 2.18 0.83 1.15 0.86
Shareholders Equity per Share
8.79 10.08 11.94 13.58 15.50 31.09 33.89 38.49 37.82 33.55
Interest Debt per Share
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Book value per Share
8.79 10.08 11.94 13.58 15.50 31.09 33.89 38.49 37.82 33.55
Free Cash Flow
3.01 12.42 2.44 2.99 36.46 40.87 43.61 28.52 31.10 76.04
Working Capital
73.91 93.16 117.16 144.91 168.95 278.30 348.79 400.19 453.69 322.66
Capital Expenditures
(16.71) (21.05) (31.05) (16.73) (16.79) (47.39) (45.32) (55.27) (71.18) (45.49)
Net Current Asset Value
31.86 63.14 78.17 92.65 118.23 (30.10) 41.60 (28.98) (27.11) 3.64
EV/EBIT
20.43 31.41 19.73 18.25 15.03 15.61 16.41 16.37 15.65 0.00
Capex to Sales
0.05 0.06 0.08 0.05 0.04 0.08 0.06 0.07 0.10 0.08
Price to Operating Income
19.61 30.91 19.19 17.45 14.69 13.94 15.19 14.56 11.65 0.00
Other line items
Depreciation/Fixed assets
0.12 0.11 0.09 0.09 0.10 0.09 0.09 0.08 0.30 0.54
Cash ROIC
1.64% 6.32% 1.02% 1.09% 11.25% 4.55% 4.26% 2.47% 2.63% 7.70%
Accounts Receivable Turnover
10.71 10.67 9.92 8.91 8.00 8.08 7.39 6.46 4.73 3.95
Accounts Payable Turnover
10.78 10.10 10.56 10.43 9.93 10.19 8.81 7.60 5.96 5.57
Inventory Turnover
3.68 3.16 2.90 2.33 2.14 2.21 1.98 1.67 1.17 0.90
Average Days of Payables
34.18 40.39 31.65 37.63 37.24 45.83 45.83 50.51 58.02 59.13
Days of Inventory on Hand
113.78 125.26 135.73 174.62 173.46 209.86 199.88 238.06 319.20 414.58
Average Receivables
29.73 32.56 37.92 40.71 49.44 77.52 105.84 129.54 148.71 135.65
Average Payables
23.46 26.86 27.70 27.44 29.89 41.99 60.07 70.01 69.97 60.46
Average Inventory
68.78 86.00 100.96 122.85 138.97 193.48 267.83 318.29 355.90 373.84
Average Assets
209.82 232.83 259.11 300.24 344.59 704.02 1,099.84 1,275.28 1,399.07 1,320.82
Average Common Equity
131.22 157.51 185.08 216.24 246.78 453.39 694.95 797.35 840.80 774.66

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