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
$180.8M
Gross Profit
$74.5M
Operating Profit
$-30.4M
Net Profit
$-42.0M
Gross Margin
41.2%
Operating Margin
-16.8%
Net Margin
-23.2%
YoY Growth
-15.9%
EPS
$-1.86
MGP INGREDIENTS INC Q4 FY2024 Financial Summary
MGP INGREDIENTS INC reported revenue of $180.8M (down 15.9% YoY) for Q4 FY2024, with a net profit of $-42.0M (down 235.1% YoY) (-23.2% margin). Cost of goods sold was $106.3M, operating expenses totaled $104.9M.
Key Financial Metrics
| Total Revenue | $180.8M |
|---|---|
| Net Profit | $-42.0M |
| Gross Margin | 41.2% |
| Operating Margin | -16.8% |
| Report Period | Q4 FY2024 |
Revenue Breakdown
MGP INGREDIENTS INC Q4 FY2024 revenue of $180.8M breaks down across 9 segments, led by Brown Goods at $67.0M (37.1% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Brown Goods | $67.0M | 37.1% |
| Ingredient Solutions | $34.7M | 19.2% |
| Specialty Wheat Starches | $18.4M | 10.2% |
| Mid Spirits | $16.8M | 9.3% |
| Specialty Wheat Proteins | $12.8M | 7.1% |
| Value Spirits | $10.4M | 5.8% |
| Warehouse Services | $8.8M | 4.9% |
| Other Branded Spirits | $8.5M | 4.7% |
| Commodity Wheat Starch | $3.5M | 1.9% |
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 Ingredient Solutions) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Ingredient Solutions | $31.3M | $29.3M | $35.0M | — |
| Specialty Wheat Starches | $16.8M | $17.0M | $18.5M | $15.9M |
| Mid Spirits | $16.1M | $14.8M | $15.5M | $13.0M |
| Specialty Wheat Proteins | — | $8.9M | $12.6M | $7.3M |
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 |