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Side-by-side financial comparison of MGP INGREDIENTS INC (MGPI) and Xperi Inc. (XPER). Click either name above to swap in a different company.

MGP INGREDIENTS INC is the larger business by last-quarter revenue ($138.3M vs $116.5M, roughly 1.2× Xperi Inc.). Xperi Inc. runs the higher net margin — -14.7% vs -97.3%, a 82.7% gap on every dollar of revenue. On growth, Xperi Inc. posted the faster year-over-year revenue change (-4.8% vs -23.5%). MGP INGREDIENTS INC produced more free cash flow last quarter ($24.3M vs $1.2M). Over the past eight quarters, Xperi Inc.'s revenue compounded faster (-1.0% 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.

Xperi Inc. is an American multinational technology company headquartered in San Jose, California, that develops software for consumer electronics and connected cars, as well as media platforms for video service over broadband. The company is organized into four business units: Pay TV, Consumer Electronics, Connected Car, and Media Platform. Xperi's brands include DTS, HD Radio, and TiVo.

MGPI vs XPER — Head-to-Head

Bigger by revenue
MGPI
MGPI
1.2× larger
MGPI
$138.3M
$116.5M
XPER
Growing faster (revenue YoY)
XPER
XPER
+18.7% gap
XPER
-4.8%
-23.5%
MGPI
Higher net margin
XPER
XPER
82.7% more per $
XPER
-14.7%
-97.3%
MGPI
More free cash flow
MGPI
MGPI
$23.1M more FCF
MGPI
$24.3M
$1.2M
XPER
Faster 2-yr revenue CAGR
XPER
XPER
Annualised
XPER
-1.0%
-9.9%
MGPI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MGPI
MGPI
XPER
XPER
Revenue
$138.3M
$116.5M
Net Profit
$-134.6M
$-17.1M
Gross Margin
34.9%
Operating Margin
-97.7%
-12.7%
Net Margin
-97.3%
-14.7%
Revenue YoY
-23.5%
-4.8%
Net Profit YoY
-220.8%
-137.0%
EPS (diluted)
$-6.23
$-0.37

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
XPER
XPER
Q4 25
$138.3M
$116.5M
Q3 25
$130.9M
$111.6M
Q2 25
$145.5M
$105.9M
Q1 25
$121.7M
$114.0M
Q4 24
$180.8M
$122.4M
Q3 24
$161.5M
$132.9M
Q2 24
$190.8M
$119.6M
Q1 24
$170.6M
$118.8M
Net Profit
MGPI
MGPI
XPER
XPER
Q4 25
$-134.6M
$-17.1M
Q3 25
$15.4M
$-6.1M
Q2 25
$14.4M
$-14.8M
Q1 25
$-3.0M
$-18.4M
Q4 24
$-42.0M
$46.2M
Q3 24
$23.9M
$-16.8M
Q2 24
$32.1M
$-30.3M
Q1 24
$20.6M
$-13.1M
Gross Margin
MGPI
MGPI
XPER
XPER
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
XPER
XPER
Q4 25
-97.7%
-12.7%
Q3 25
16.1%
-1.2%
Q2 25
14.0%
-10.5%
Q1 25
-0.6%
-14.4%
Q4 24
-16.8%
-11.7%
Q3 24
20.2%
-14.0%
Q2 24
22.7%
-18.3%
Q1 24
17.0%
-27.2%
Net Margin
MGPI
MGPI
XPER
XPER
Q4 25
-97.3%
-14.7%
Q3 25
11.8%
-5.5%
Q2 25
9.9%
-14.0%
Q1 25
-2.5%
-16.1%
Q4 24
-23.2%
37.8%
Q3 24
14.8%
-12.6%
Q2 24
16.8%
-25.3%
Q1 24
12.1%
-11.0%
EPS (diluted)
MGPI
MGPI
XPER
XPER
Q4 25
$-6.23
$-0.37
Q3 25
$0.71
$-0.13
Q2 25
$0.67
$-0.32
Q1 25
$-0.14
$-0.41
Q4 24
$-1.86
$1.02
Q3 24
$1.07
$-0.37
Q2 24
$1.43
$-0.67
Q1 24
$0.92
$-0.29

Balance Sheet & Financial Strength

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

Metric
MGPI
MGPI
XPER
XPER
Cash + ST InvestmentsLiquidity on hand
$18.5M
$96.8M
Total DebtLower is stronger
$245.9M
$27.7M
Stockholders' EquityBook value
$718.4M
$414.1M
Total Assets
$1.2B
$615.8M
Debt / EquityLower = less leverage
0.34×
0.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MGPI
MGPI
XPER
XPER
Q4 25
$18.5M
$96.8M
Q3 25
$13.4M
$96.8M
Q2 25
$17.3M
$95.1M
Q1 25
$20.1M
$88.0M
Q4 24
$25.3M
$130.6M
Q3 24
$20.8M
$72.7M
Q2 24
$21.0M
$92.5M
Q1 24
$19.5M
$95.2M
Total Debt
MGPI
MGPI
XPER
XPER
Q4 25
$245.9M
$27.7M
Q3 25
$262.3M
$27.7M
Q2 25
$290.7M
$27.7M
Q1 25
$290.7M
$27.7M
Q4 24
$317.1M
$27.7M
Q3 24
$283.6M
$27.7M
Q2 24
$303.0M
$27.7M
Q1 24
$294.4M
$27.7M
Stockholders' Equity
MGPI
MGPI
XPER
XPER
Q4 25
$718.4M
$414.1M
Q3 25
$855.2M
$421.0M
Q2 25
$841.8M
$419.8M
Q1 25
$828.3M
$418.9M
Q4 24
$834.2M
$429.1M
Q3 24
$914.5M
$377.4M
Q2 24
$894.5M
$388.7M
Q1 24
$867.0M
$399.1M
Total Assets
MGPI
MGPI
XPER
XPER
Q4 25
$1.2B
$615.8M
Q3 25
$1.4B
$628.8M
Q2 25
$1.4B
$629.2M
Q1 25
$1.4B
$633.5M
Q4 24
$1.4B
$667.8M
Q3 24
$1.4B
$616.2M
Q2 24
$1.4B
$619.2M
Q1 24
$1.4B
$630.4M
Debt / Equity
MGPI
MGPI
XPER
XPER
Q4 25
0.34×
0.07×
Q3 25
0.31×
0.07×
Q2 25
0.35×
0.07×
Q1 25
0.35×
0.07×
Q4 24
0.38×
0.06×
Q3 24
0.31×
0.07×
Q2 24
0.34×
0.07×
Q1 24
0.34×
0.07×

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
XPER
XPER
Operating Cash FlowLast quarter
$29.1M
$4.1M
Free Cash FlowOCF − Capex
$24.3M
$1.2M
FCF MarginFCF / Revenue
17.5%
1.0%
Capex IntensityCapex / Revenue
3.5%
2.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$76.0M
$-5.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MGPI
MGPI
XPER
XPER
Q4 25
$29.1M
$4.1M
Q3 25
$36.1M
$7.5M
Q2 25
$11.7M
$10.1M
Q1 25
$44.7M
$-22.3M
Q4 24
$28.8M
$1.2M
Q3 24
$43.9M
$-4.6M
Q2 24
$5.0M
$-2.1M
Q1 24
$24.6M
$-49.8M
Free Cash Flow
MGPI
MGPI
XPER
XPER
Q4 25
$24.3M
$1.2M
Q3 25
$27.6M
$6.7M
Q2 25
$-557.0K
$9.5M
Q1 25
$24.8M
$-23.3M
Q4 24
$10.4M
$-510.0K
Q3 24
$24.5M
$-5.6M
Q2 24
$-1.4M
$-2.6M
Q1 24
$-2.4M
$-51.6M
FCF Margin
MGPI
MGPI
XPER
XPER
Q4 25
17.5%
1.0%
Q3 25
21.1%
6.0%
Q2 25
-0.4%
9.0%
Q1 25
20.4%
-20.5%
Q4 24
5.8%
-0.4%
Q3 24
15.2%
-4.2%
Q2 24
-0.7%
-2.2%
Q1 24
-1.4%
-43.4%
Capex Intensity
MGPI
MGPI
XPER
XPER
Q4 25
3.5%
2.5%
Q3 25
6.5%
0.7%
Q2 25
8.4%
0.5%
Q1 25
16.4%
0.9%
Q4 24
10.1%
1.4%
Q3 24
12.0%
0.8%
Q2 24
3.3%
0.4%
Q1 24
15.8%
1.6%
Cash Conversion
MGPI
MGPI
XPER
XPER
Q4 25
Q3 25
2.34×
Q2 25
0.81×
Q1 25
Q4 24
0.03×
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

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%

XPER
XPER

Pay TV$56.2M48%
Connected Car$31.3M27%
Consumer Electronics$17.2M15%
Media Platform$11.8M10%

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