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Side-by-side financial comparison of MGP INGREDIENTS INC (MGPI) and SL GREEN REALTY CORP (SLG). Click either name above to swap in a different company.

SL GREEN REALTY CORP is the larger business by last-quarter revenue ($276.5M vs $138.3M, roughly 2.0× MGP INGREDIENTS INC). SL GREEN REALTY CORP runs the higher net margin — -36.5% vs -97.3%, a 60.9% gap on every dollar of revenue. On growth, SL GREEN REALTY CORP posted the faster year-over-year revenue change (12.4% vs -23.5%). Over the past eight quarters, SL GREEN REALTY CORP's revenue compounded faster (21.3% CAGR vs -9.9%).

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.

SL Green Realty Corp. is a real estate investment trust that primarily invests in office buildings and shopping centers in New York City. As of December 31, 2024, the company owned interests in 39 properties comprising 25,297,353 square feet, primarily in Manhattan. It has been referred to as "New York City’s largest office landlord".

MGPI vs SLG — Head-to-Head

Bigger by revenue
SLG
SLG
2.0× larger
SLG
$276.5M
$138.3M
MGPI
Growing faster (revenue YoY)
SLG
SLG
+35.9% gap
SLG
12.4%
-23.5%
MGPI
Higher net margin
SLG
SLG
60.9% more per $
SLG
-36.5%
-97.3%
MGPI
Faster 2-yr revenue CAGR
SLG
SLG
Annualised
SLG
21.3%
-9.9%
MGPI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MGPI
MGPI
SLG
SLG
Revenue
$138.3M
$276.5M
Net Profit
$-134.6M
$-100.8M
Gross Margin
34.9%
Operating Margin
-97.7%
64.2%
Net Margin
-97.3%
-36.5%
Revenue YoY
-23.5%
12.4%
Net Profit YoY
-220.8%
-870.0%
EPS (diluted)
$-6.23
$-1.49

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
MGPI
MGPI
SLG
SLG
Q4 25
$138.3M
$276.5M
Q3 25
$130.9M
$244.8M
Q2 25
$145.5M
$241.9M
Q1 25
$121.7M
$239.8M
Q4 24
$180.8M
$245.9M
Q3 24
$161.5M
$229.7M
Q2 24
$190.8M
$222.8M
Q1 24
$170.6M
$187.9M
Net Profit
MGPI
MGPI
SLG
SLG
Q4 25
$-134.6M
$-100.8M
Q3 25
$15.4M
$28.6M
Q2 25
$14.4M
$-7.4M
Q1 25
$-3.0M
$-17.3M
Q4 24
$-42.0M
$19.1M
Q3 24
$23.9M
$-9.5M
Q2 24
$32.1M
$1.6M
Q1 24
$20.6M
$16.9M
Gross Margin
MGPI
MGPI
SLG
SLG
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
MGPI
MGPI
SLG
SLG
Q4 25
-97.7%
64.2%
Q3 25
16.1%
85.5%
Q2 25
14.0%
53.4%
Q1 25
-0.6%
56.7%
Q4 24
-16.8%
59.8%
Q3 24
20.2%
65.1%
Q2 24
22.7%
79.2%
Q1 24
17.0%
Net Margin
MGPI
MGPI
SLG
SLG
Q4 25
-97.3%
-36.5%
Q3 25
11.8%
11.7%
Q2 25
9.9%
-3.0%
Q1 25
-2.5%
-7.2%
Q4 24
-23.2%
7.8%
Q3 24
14.8%
-4.2%
Q2 24
16.8%
0.7%
Q1 24
12.1%
9.0%
EPS (diluted)
MGPI
MGPI
SLG
SLG
Q4 25
$-6.23
$-1.49
Q3 25
$0.71
$0.34
Q2 25
$0.67
$-0.16
Q1 25
$-0.14
$-0.30
Q4 24
$-1.86
$0.13
Q3 24
$1.07
$-0.21
Q2 24
$1.43
$-0.04
Q1 24
$0.92
$0.20

Balance Sheet & Financial Strength

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

Metric
MGPI
MGPI
SLG
SLG
Cash + ST InvestmentsLiquidity on hand
$18.5M
$155.7M
Total DebtLower is stronger
$245.9M
Stockholders' EquityBook value
$718.4M
$3.7B
Total Assets
$1.2B
$11.1B
Debt / EquityLower = less leverage
0.34×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MGPI
MGPI
SLG
SLG
Q4 25
$18.5M
$155.7M
Q3 25
$13.4M
$187.0M
Q2 25
$17.3M
$182.9M
Q1 25
$20.1M
$180.1M
Q4 24
$25.3M
$184.3M
Q3 24
$20.8M
$188.2M
Q2 24
$21.0M
$199.5M
Q1 24
$19.5M
$196.0M
Total Debt
MGPI
MGPI
SLG
SLG
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
MGPI
MGPI
SLG
SLG
Q4 25
$718.4M
$3.7B
Q3 25
$855.2M
$3.8B
Q2 25
$841.8M
$3.8B
Q1 25
$828.3M
$3.8B
Q4 24
$834.2M
$4.0B
Q3 24
$914.5M
$3.6B
Q2 24
$894.5M
$3.7B
Q1 24
$867.0M
$3.7B
Total Assets
MGPI
MGPI
SLG
SLG
Q4 25
$1.2B
$11.1B
Q3 25
$1.4B
$11.1B
Q2 25
$1.4B
$11.3B
Q1 25
$1.4B
$11.4B
Q4 24
$1.4B
$10.5B
Q3 24
$1.4B
$10.2B
Q2 24
$1.4B
$9.5B
Q1 24
$1.4B
$9.8B
Debt / Equity
MGPI
MGPI
SLG
SLG
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
MGPI
MGPI
SLG
SLG
Operating Cash FlowLast quarter
$29.1M
$82.9M
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
MGPI
MGPI
SLG
SLG
Q4 25
$29.1M
$82.9M
Q3 25
$36.1M
$-6.8M
Q2 25
$11.7M
$54.5M
Q1 25
$44.7M
$6.7M
Q4 24
$28.8M
$129.6M
Q3 24
$43.9M
$16.7M
Q2 24
$5.0M
$79.4M
Q1 24
$24.6M
$-24.7M
Free Cash Flow
MGPI
MGPI
SLG
SLG
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
MGPI
MGPI
SLG
SLG
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
MGPI
MGPI
SLG
SLG
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
MGPI
MGPI
SLG
SLG
Q4 25
Q3 25
2.34×
-0.24×
Q2 25
0.81×
Q1 25
Q4 24
6.77×
Q3 24
1.84×
Q2 24
0.15×
50.33×
Q1 24
1.19×
-1.46×

Financial Flow Comparison

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

Revenue Breakdown by Segment

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%

SLG
SLG

Real Estate Segment$223.1M81%
Other$35.9M13%
Debt And Preferred Equity Segment$17.4M6%

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