MGP INGREDIENTS INCMGPIEarnings & Financial Report
MGP Ingredients Inc is a leading US-based supplier of premium distilled spirits, specialty wheat and corn-based starch and protein ingredients. It serves food and beverage manufacturing, foodservice, and industrial customer segments across North America and select global markets, delivering tailored ingredient solutions for diverse product use cases.
Revenue
$190.8M
Gross Profit
$83.2M
Operating Profit
$43.4M
Net Profit
$32.1M
Gross Margin
43.6%
Operating Margin
22.7%
Net Margin
16.8%
YoY Growth
-8.7%
EPS
$1.43
MGP INGREDIENTS INC Q2 FY2024 Financial Summary
MGP INGREDIENTS INC reported revenue of $190.8M (down 8.7% YoY) for Q2 FY2024, with a net profit of $32.1M (down 0.1% YoY) (16.8% margin). Cost of goods sold was $107.6M, operating expenses totaled $39.8M.
Key Financial Metrics
| Total Revenue | $190.8M |
|---|---|
| Net Profit | $32.1M |
| Gross Margin | 43.6% |
| Operating Margin | 22.7% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
MGP INGREDIENTS INC Q2 FY2024 revenue of $190.8M breaks down across 10 segments, led by Brown Goods at $75.4M (39.5% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Brown Goods | $75.4M | 39.5% |
| Premium Plus | $30.7M | 16.1% |
| Specialty Wheat Starches | $19.2M | 10.1% |
| Mid Spirits | $17.1M | 8.9% |
| Value Spirits | $11.7M | 6.1% |
| Specialty Wheat Proteins | $11.2M | 5.9% |
| White Goods And Co Products | $9.6M | 5.0% |
| Warehouse Services | $8.4M | 4.4% |
| Other Branded Spirits | $4.6M | 2.4% |
| Commodity Wheat Starch | $3.0M | 1.6% |
MGP INGREDIENTS INC Revenue by Segment — Quarterly Trend
MGP INGREDIENTS INC revenue by segment across the last 4 reported quarters, showing how each business line (such as Brown Goods and Premium Plus) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Premium Plus | — | — | $31.1M | $22.3M |
| Specialty Wheat Starches | $16.8M | $17.0M | $18.5M | $15.9M |
| Mid Spirits | $16.1M | $14.8M | $15.5M | $13.0M |
| Value Spirits | — | — | $8.9M | — |
MGP INGREDIENTS INC Annual Revenue by Year
MGP INGREDIENTS INC annual revenue history includes year-by-year totals (for example, 2025 revenue was $536.4M).
| Year | Annual Revenue |
|---|---|
| 2025 | $536.4M |
| 2024 | $703.6M |
| 2023 | $836.5M |
| 2022 | $782.4M |
MGP INGREDIENTS INC Quarterly Revenue & Net Profit History
MGP INGREDIENTS INC results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $138.3M | -23.5% | $-134.6M | -97.3% |
| Q3 FY2025 | $130.9M | -18.9% | $15.4M | 11.8% |
| Q2 FY2025 | $145.5M | -23.7% | $14.4M | 9.9% |
| Q1 FY2025 | $121.7M | -28.7% | $-3.0M | -2.5% |
| Q4 FY2024 | $180.8M | -15.9% | $-42.0M | -23.2% |
| Q3 FY2024 | $161.5M | -23.7% | $23.9M | 14.8% |
| Q2 FY2024 | $190.8M | -8.7% | $32.1M | 16.8% |
| Q1 FY2024 | $170.6M | -15.1% | $20.6M | 12.1% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $170.6M | $190.8M | $161.5M | $180.8M | $121.7M | $145.5M | $130.9M | $138.3M |
| YoY Growth | -15.1% | -8.7% | -23.7% | -15.9% | -28.7% | -23.7% | -18.9% | -23.5% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.39B | $1.43B | $1.44B | $1.41B | $1.38B | $1.39B | $1.38B | $1.24B |
| Liabilities | $524.7M | $541.2M | $527.7M | $573.2M | $551.5M | $545.9M | $523.5M | $519.1M |
| Equity | $867.0M | $894.5M | $914.5M | $834.2M | $828.3M | $841.8M | $855.2M | $718.4M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $24.6M | $5.0M | $43.9M | $28.8M | $44.7M | $11.7M | $36.1M | $29.1M |