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Side-by-side financial comparison of Legend Biotech Corp (LEGN) and MGP INGREDIENTS INC (MGPI). Click either name above to swap in a different company.

Legend Biotech Corp is the larger business by last-quarter revenue ($272.3M vs $138.3M, roughly 2.0× MGP INGREDIENTS INC). Legend Biotech Corp runs the higher net margin — -14.6% vs -97.3%, a 82.8% gap on every dollar of revenue. On growth, Legend Biotech Corp posted the faster year-over-year revenue change (70.0% vs -23.5%). Over the past eight quarters, Legend Biotech Corp's revenue compounded faster (92.7% CAGR vs -9.9%).

GenScript Biotech, fully known as GenScript Biotech Corporation, usually referred to as simply GenScript, is a China–based biotech company. It was co-founded in 2002 in New Jersey by Fangliang Zhang, Ye Wang, and Luquan Wang. The company mainly provides life science research application instruments and services. It was listed on the Hong Kong Stock Exchange in 2015. The current rotating CEO of the firm is Shao Weihui, who also served as the chief operating officer and Chinese Communist Party ...

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.

LEGN vs MGPI — Head-to-Head

Bigger by revenue
LEGN
LEGN
2.0× larger
LEGN
$272.3M
$138.3M
MGPI
Growing faster (revenue YoY)
LEGN
LEGN
+93.5% gap
LEGN
70.0%
-23.5%
MGPI
Higher net margin
LEGN
LEGN
82.8% more per $
LEGN
-14.6%
-97.3%
MGPI
Faster 2-yr revenue CAGR
LEGN
LEGN
Annualised
LEGN
92.7%
-9.9%
MGPI

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
LEGN
LEGN
MGPI
MGPI
Revenue
$272.3M
$138.3M
Net Profit
$-39.7M
$-134.6M
Gross Margin
58.4%
34.9%
Operating Margin
-16.0%
-97.7%
Net Margin
-14.6%
-97.3%
Revenue YoY
70.0%
-23.5%
Net Profit YoY
68.3%
-220.8%
EPS (diluted)
$-0.11
$-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
LEGN
LEGN
MGPI
MGPI
Q4 25
$138.3M
Q3 25
$272.3M
$130.9M
Q2 25
$255.1M
$145.5M
Q1 25
$195.1M
$121.7M
Q4 24
$180.8M
Q3 24
$160.2M
$161.5M
Q2 24
$186.5M
$190.8M
Q1 24
$94.0M
$170.6M
Net Profit
LEGN
LEGN
MGPI
MGPI
Q4 25
$-134.6M
Q3 25
$-39.7M
$15.4M
Q2 25
$-125.4M
$14.4M
Q1 25
$-100.9M
$-3.0M
Q4 24
$-42.0M
Q3 24
$-125.3M
$23.9M
Q2 24
$-18.2M
$32.1M
Q1 24
$-59.8M
$20.6M
Gross Margin
LEGN
LEGN
MGPI
MGPI
Q4 25
34.9%
Q3 25
58.4%
37.8%
Q2 25
62.8%
40.1%
Q1 25
64.4%
35.6%
Q4 24
41.2%
Q3 24
67.2%
40.8%
Q2 24
75.7%
43.6%
Q1 24
47.8%
36.8%
Operating Margin
LEGN
LEGN
MGPI
MGPI
Q4 25
-97.7%
Q3 25
-16.0%
16.1%
Q2 25
14.0%
Q1 25
-0.6%
Q4 24
-16.8%
Q3 24
-43.9%
20.2%
Q2 24
22.7%
Q1 24
17.0%
Net Margin
LEGN
LEGN
MGPI
MGPI
Q4 25
-97.3%
Q3 25
-14.6%
11.8%
Q2 25
-49.2%
9.9%
Q1 25
-51.7%
-2.5%
Q4 24
-23.2%
Q3 24
-78.2%
14.8%
Q2 24
-9.8%
16.8%
Q1 24
-63.6%
12.1%
EPS (diluted)
LEGN
LEGN
MGPI
MGPI
Q4 25
$-6.23
Q3 25
$-0.11
$0.71
Q2 25
$-0.34
$0.67
Q1 25
$-0.27
$-0.14
Q4 24
$-1.86
Q3 24
$-0.34
$1.07
Q2 24
$-0.05
$1.43
Q1 24
$-0.16
$0.92

Balance Sheet & Financial Strength

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

Metric
LEGN
LEGN
MGPI
MGPI
Cash + ST InvestmentsLiquidity on hand
$278.9M
$18.5M
Total DebtLower is stronger
$245.9M
Stockholders' EquityBook value
$1.0B
$718.4M
Total Assets
$1.7B
$1.2B
Debt / EquityLower = less leverage
0.34×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LEGN
LEGN
MGPI
MGPI
Q4 25
$18.5M
Q3 25
$278.9M
$13.4M
Q2 25
$266.6M
$17.3M
Q1 25
$441.7M
$20.1M
Q4 24
$25.3M
Q3 24
$459.3M
$20.8M
Q2 24
$201.3M
$21.0M
Q1 24
$897.6M
$19.5M
Total Debt
LEGN
LEGN
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
LEGN
LEGN
MGPI
MGPI
Q4 25
$718.4M
Q3 25
$1.0B
$855.2M
Q2 25
$1.0B
$841.8M
Q1 25
$1.0B
$828.3M
Q4 24
$834.2M
Q3 24
$1.1B
$914.5M
Q2 24
$1.2B
$894.5M
Q1 24
$1.2B
$867.0M
Total Assets
LEGN
LEGN
MGPI
MGPI
Q4 25
$1.2B
Q3 25
$1.7B
$1.4B
Q2 25
$1.7B
$1.4B
Q1 25
$1.6B
$1.4B
Q4 24
$1.4B
Q3 24
$1.7B
$1.4B
Q2 24
$1.8B
$1.4B
Q1 24
$1.8B
$1.4B
Debt / Equity
LEGN
LEGN
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
LEGN
LEGN
MGPI
MGPI
Operating Cash FlowLast quarter
$28.8M
$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
LEGN
LEGN
MGPI
MGPI
Q4 25
$29.1M
Q3 25
$28.8M
$36.1M
Q2 25
$-13.0M
$11.7M
Q1 25
$-103.8M
$44.7M
Q4 24
$28.8M
Q3 24
$-75.8M
$43.9M
Q2 24
$-1.7M
$5.0M
Q1 24
$15.5M
$24.6M
Free Cash Flow
LEGN
LEGN
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
LEGN
LEGN
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
LEGN
LEGN
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
LEGN
LEGN
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

LEGN
LEGN

Goods Or Services Transferred At Point In Time$261.8M96%
Goods Or Services Transferred Over Time$10.5M4%

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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