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Side-by-side financial comparison of ASIA PACIFIC WIRE & CABLE CORP LTD (APWC) and MGP INGREDIENTS INC (MGPI). Click either name above to swap in a different company.

ASIA PACIFIC WIRE & CABLE CORP LTD is the larger business by last-quarter revenue ($225.3M vs $138.3M, roughly 1.6× MGP INGREDIENTS INC).

Disney Networks Group Asia Pacific was a Hong Kong–based commercial broadcasting company operating multiple specialty television channels. The company was founded in 1991 by Hong Kong - Canadian businessman Richard Li.

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.

APWC vs MGPI — Head-to-Head

Bigger by revenue
APWC
APWC
1.6× larger
APWC
$225.3M
$138.3M
MGPI

Income Statement — Q2 FY2022 vs Q4 FY2025

Metric
APWC
APWC
MGPI
MGPI
Revenue
$225.3M
$138.3M
Net Profit
$-134.6M
Gross Margin
7.9%
34.9%
Operating Margin
2.2%
-97.7%
Net Margin
-97.3%
Revenue YoY
-23.5%
Net Profit YoY
-220.8%
EPS (diluted)
$-6.23

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
APWC
APWC
MGPI
MGPI
Q4 25
$138.3M
Q3 25
$130.9M
Q2 25
$145.5M
Q1 25
$121.7M
Q4 24
$180.8M
Q3 24
$161.5M
Q2 24
$190.8M
Q1 24
$170.6M
Net Profit
APWC
APWC
MGPI
MGPI
Q4 25
$-134.6M
Q3 25
$15.4M
Q2 25
$14.4M
Q1 25
$-3.0M
Q4 24
$-42.0M
Q3 24
$23.9M
Q2 24
$32.1M
Q1 24
$20.6M
Gross Margin
APWC
APWC
MGPI
MGPI
Q4 25
34.9%
Q3 25
37.8%
Q2 25
40.1%
Q1 25
35.6%
Q4 24
41.2%
Q3 24
40.8%
Q2 24
43.6%
Q1 24
36.8%
Operating Margin
APWC
APWC
MGPI
MGPI
Q4 25
-97.7%
Q3 25
16.1%
Q2 25
14.0%
Q1 25
-0.6%
Q4 24
-16.8%
Q3 24
20.2%
Q2 24
22.7%
Q1 24
17.0%
Net Margin
APWC
APWC
MGPI
MGPI
Q4 25
-97.3%
Q3 25
11.8%
Q2 25
9.9%
Q1 25
-2.5%
Q4 24
-23.2%
Q3 24
14.8%
Q2 24
16.8%
Q1 24
12.1%
EPS (diluted)
APWC
APWC
MGPI
MGPI
Q4 25
$-6.23
Q3 25
$0.71
Q2 25
$0.67
Q1 25
$-0.14
Q4 24
$-1.86
Q3 24
$1.07
Q2 24
$1.43
Q1 24
$0.92

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
APWC
APWC
MGPI
MGPI
Cash + ST InvestmentsLiquidity on hand
$18.5M
Total DebtLower is stronger
$245.9M
Stockholders' EquityBook value
$718.4M
Total Assets
$1.2B
Debt / EquityLower = less leverage
0.34×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APWC
APWC
MGPI
MGPI
Q4 25
$18.5M
Q3 25
$13.4M
Q2 25
$17.3M
Q1 25
$20.1M
Q4 24
$25.3M
Q3 24
$20.8M
Q2 24
$21.0M
Q1 24
$19.5M
Total Debt
APWC
APWC
MGPI
MGPI
Q4 25
$245.9M
Q3 25
$262.3M
Q2 25
$290.7M
Q1 25
$290.7M
Q4 24
$317.1M
Q3 24
$283.6M
Q2 24
$303.0M
Q1 24
$294.4M
Stockholders' Equity
APWC
APWC
MGPI
MGPI
Q4 25
$718.4M
Q3 25
$855.2M
Q2 25
$841.8M
Q1 25
$828.3M
Q4 24
$834.2M
Q3 24
$914.5M
Q2 24
$894.5M
Q1 24
$867.0M
Total Assets
APWC
APWC
MGPI
MGPI
Q4 25
$1.2B
Q3 25
$1.4B
Q2 25
$1.4B
Q1 25
$1.4B
Q4 24
$1.4B
Q3 24
$1.4B
Q2 24
$1.4B
Q1 24
$1.4B
Debt / Equity
APWC
APWC
MGPI
MGPI
Q4 25
0.34×
Q3 25
0.31×
Q2 25
0.35×
Q1 25
0.35×
Q4 24
0.38×
Q3 24
0.31×
Q2 24
0.34×
Q1 24
0.34×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
APWC
APWC
MGPI
MGPI
Operating Cash FlowLast quarter
$29.1M
Free Cash FlowOCF − Capex
$24.3M
FCF MarginFCF / Revenue
17.5%
Capex IntensityCapex / Revenue
3.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$76.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APWC
APWC
MGPI
MGPI
Q4 25
$29.1M
Q3 25
$36.1M
Q2 25
$11.7M
Q1 25
$44.7M
Q4 24
$28.8M
Q3 24
$43.9M
Q2 24
$5.0M
Q1 24
$24.6M
Free Cash Flow
APWC
APWC
MGPI
MGPI
Q4 25
$24.3M
Q3 25
$27.6M
Q2 25
$-557.0K
Q1 25
$24.8M
Q4 24
$10.4M
Q3 24
$24.5M
Q2 24
$-1.4M
Q1 24
$-2.4M
FCF Margin
APWC
APWC
MGPI
MGPI
Q4 25
17.5%
Q3 25
21.1%
Q2 25
-0.4%
Q1 25
20.4%
Q4 24
5.8%
Q3 24
15.2%
Q2 24
-0.7%
Q1 24
-1.4%
Capex Intensity
APWC
APWC
MGPI
MGPI
Q4 25
3.5%
Q3 25
6.5%
Q2 25
8.4%
Q1 25
16.4%
Q4 24
10.1%
Q3 24
12.0%
Q2 24
3.3%
Q1 24
15.8%
Cash Conversion
APWC
APWC
MGPI
MGPI
Q4 25
Q3 25
2.34×
Q2 25
0.81×
Q1 25
Q4 24
Q3 24
1.84×
Q2 24
0.15×
Q1 24
1.19×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

APWC
APWC

Segment breakdown not available.

MGPI
MGPI

Branded Spirits$63.4M46%
Ingredient Solutions$31.3M23%
Specialty Wheat Starches$16.8M12%
Mid Spirits$16.1M12%
Other Branded Spirits$8.0M6%
Commodity Wheat Starch$2.3M2%

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