MGPI Consumer Defensive

MGP Ingredients, Inc.

$17.00-4.17%

Price as of close on Nov 3, 2026 · Financials updated Oct 10, 2026

Basics

Sector: Consumer Defensive
Industry: Beverages - Wineries & Distilleries
Country: United States
Market cap: 364.0M USD
Enterprise value: 675.6M USD
Full-time employees: 617

Overall health

Strength: lower risk than most peers: more short-term liquiditylower risk: more liquidity
Drawback: less profitable than most peersless profitable than peers
Drawback: growing more slowly than most peersgrowing more slowly than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Ranks #672 of 761 consumer defensive companies (bottom 12%)

See how it ranks against its peers

Worth knowing

Operating margin at a 6-year low. -18% in 2025, the weakest of the last 6 years.
MGP Ingredients's operating margin fell to -18% in 2025, its lowest in the 6 years of filings we have.
Loss over 12 months, profit last quarter. Lost money in the 12 months to June 2026, but made a $12M profit in the quarter to June 2026.
MGP Ingredients reported a net loss over the last twelve months, but its most recent quarter was profitable ($12M). One quarter isn't a trend, but it's closer to profitability than the 12-month figure suggests.
Revenue is falling. Revenue fell 18% in the 12 months to June 2026 vs the 12 months before.
MGP Ingredients's revenue fell 18% in the 12 months to June 2026 vs the 12 months before.

StockQuotient Score

26/ 100

Oct 5 26 → Nov 4 26

Valuation

Is the price right?

7/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ Earnings yield
▼ EBITDA yield
▼ FCF yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-66.5%

SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.51Sector median: 0.0453 · MAD: 0.0301

EBITDA yield-34.2%

SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price50% base weight · Z-score -1.99Sector median: 0.0865 · MAD: 0.0435

Free cash flow yield0.2%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score -1.36Sector median: 0.0622 · MAD: 0.0441

Other data (not scored)

Book yield162.3%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5381 · MAD: 0.2865

Growth

Is it growing?

4/100

Weak

3/3 inputs reported · High confidence

Since last quarter: ▼ Weaker

12-month revenue fell 4.1%

Why

Weaker than most peers on:

▼ 3-yr revenue
▼ Revenue growth
▼ EPS growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growthUnavailable

The loss per share widened33% base weight · Z-score -1.41Sector median: 0.0154 · MAD: 0.2529

3-year revenue growth-14.6%

SEC filings · 3 years to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.16Sector median: 0.0366 · MAD: 0.0470

Revenue growth-18.0%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -3.54Sector median: 0.0278 · MAD: 0.0585

Profitability

Does it earn well?

0/100

Weak

3/3 inputs reported · High confidence

Since last quarter: ▼ Weaker

Operating margin fell 2.7 points to -53.9%

Why

Weaker than most peers on:

▼ Operating margin
▼ ROA
▼ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin-53.9%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.12Sector median: 0.0759 · MAD: 0.0508

Return on assets-22.9%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.62Sector median: 0.0396 · MAD: 0.0262

Return on invested capital-22.6%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.51Sector median: 0.0766 · MAD: 0.0673

Other data (not scored)

Gross margin35.5%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.3182 · MAD: 0.1263

Return on equity-41.0%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.0831 · MAD: 0.0675

Risk

Debt, liquidity, price swings

Lower

Lower relative risk

3/3 inputs reported · High confidence

Since last quarter: Changed: worth a look

Debt up 51%

Why

Stronger than most peers on:

▲ Current ratio

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.48

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -0.45Sector median: 0.4070 · MAD: 0.1690

Current ratio6.99×

SEC filings · latest balance sheetOutlier capped at sector 5th/95th percentile33% base weight · Z-score 6.96Sector median: 1.5250 · MAD: 0.6460

Debt / equity0.63×

SEC filings · latest balance sheetReported value33% base weight · Z-score -0.56Sector median: 0.4234 · MAD: 0.3581

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about MGP Ingredients

Is MGP Ingredients getting weaker?: Its latest SEC filing (Jul 29, 2026) got weaker in some ways: operating margin fell 2.7 points to -53.9%; 12-month revenue fell 4.1%. Its overall score is unchanged at 26/100 since Oct 28, 2026.
How is MGP Ingredients valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 7/100 against 823 consumer defensive peers. Earnings yield -66.5% vs a peer median of 4.5% (weaker than 100% of peers).Earnings yield -66.5% vs peers 4.5% (weaker than 100% of peers).
Is MGP Ingredients growing?: More slowly than most of its peers. Growth scores 4/100 against 823 consumer defensive peers. 3-year revenue growth -14.6% vs a peer median of 3.7% (weaker than 100% of peers).3-year revenue growth -14.6% vs peers 3.7% (weaker than 100% of peers).
How profitable is MGP Ingredients?: Less profitable than most of its peers. Profitability scores 0/100 against 823 consumer defensive peers. Operating margin -53.9% vs a peer median of 7.6% (weaker than 100% of peers).Operating margin -53.9% vs peers 7.6% (weaker than 100% of peers).
How risky is MGP Ingredients?: Lower risk relative to 823 consumer defensive peers, judged on debt, liquidity and share-price swings. Current ratio 6.99× vs a peer median of 1.52× (stronger than 95% of peers).Current ratio 6.99× vs peers 1.52× (stronger than 95% of peers). Debt / equity 0.63× vs a peer median of 0.42× (weaker than 62% of peers).Debt / equity 0.63× vs peers 0.42× (weaker than 62% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Jul 29, 2026 · compared with the quarter ended Mar 31, 2026

Got weaker

Operating margin fell 2.7 points to -53.9%
12-month revenue fell 4.1%
Debt up 51%

Worth watching: MGP Ingredients is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous quarter	Latest quarter	Change
Revenue (12 months)	521.1M USD	500.0M USD	−4.1%
Net income (12 months)	−239.6M USD	−242.0M USD	+1.0%
Operating margin	-51.2%	-53.9%	−2.7 pts
Free cash flow (12 months)	52.5M USD	888,000 USD	−98.3%
Debt	245.0M USD	369.6M USD	+50.9%
Cash	10.4M USD	17.8M USD	+71.8%
Shares outstanding	21.4M	21.4M	+0.2%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Consumer Defensive · 91 companies

Valuations in Consumer Defensive are within their usual range since 2016.

30% of months since 2016 were valued lower than now.
18% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values −4% and earnings +7% (medians): prices and earnings moved broadly together.
Median price-to-sales is −58% vs the whole market, against a usual −39%.

2016Shaded: most expensive fifth of its range2026

Shown for Consumer Defensive: too few Beverages - Wineries & Distilleries companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	31.7%	32.4%	36.4%	40.7%	37.2%	▼ 3.5 pts
Operating margin	20.2%	19.0%	17.8%	10.6%	-17.6%	▼ 28 pts
Net margin	14.6%	14.0%	12.8%	4.9%	-20.1%	▼ 25 pts
Return on assets (ROA)	8.8%	9.5%	7.7%	2.5%	-8.7%	▼ 11 pts
Return on equity (ROE)	14.2%	14.7%	12.6%	4.2%	-15.0%	▼ 19 pts
Free cash flow margin	6.5%	5.6%	3.4%	4.4%	14.2%	▲ 9.8 pts
Current ratio	4.13×	4.31×	4.51×	5.91×	2.61×	▼ 56%
Quick ratio	3.74×	3.86×	4.02×	5.43×	2.40×	▼ 56%
Debt to equity	0.37×	0.32×	0.35×	0.39×	0.36×	▼ 8.4%
Interest coverage	31.30×	27.33×	22.36×	8.82×	-13.43×	▼ 252%

MGPI price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Strength: lower risk than most peers: more short-term liquiditylower risk: more liquidity

Drawback: less profitable than most peersless profitable than peers

Drawback: growing more slowly than most peersgrowing more slowly than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Ranks #672 of 761 consumer defensive companies (bottom 12%)

See how it ranks against its peers

Worth knowing

Operating margin at a 6-year low. -18% in 2025, the weakest of the last 6 years.

MGP Ingredients's operating margin fell to -18% in 2025, its lowest in the 6 years of filings we have.

Loss over 12 months, profit last quarter. Lost money in the 12 months to June 2026, but made a $12M profit in the quarter to June 2026.

MGP Ingredients reported a net loss over the last twelve months, but its most recent quarter was profitable ($12M). One quarter isn't a trend, but it's closer to profitability than the 12-month figure suggests.

Revenue is falling. Revenue fell 18% in the 12 months to June 2026 vs the 12 months before.

MGP Ingredients's revenue fell 18% in the 12 months to June 2026 vs the 12 months before.

Questions investors ask about MGP Ingredients

Is MGP Ingredients getting weaker?

Its latest SEC filing (Jul 29, 2026) got weaker in some ways: operating margin fell 2.7 points to -53.9%; 12-month revenue fell 4.1%. Its overall score is unchanged at 26/100 since Oct 28, 2026.

How is MGP Ingredients valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 7/100 against 823 consumer defensive peers. Earnings yield -66.5% vs a peer median of 4.5% (weaker than 100% of peers).Earnings yield -66.5% vs peers 4.5% (weaker than 100% of peers).

Is MGP Ingredients growing?

More slowly than most of its peers. Growth scores 4/100 against 823 consumer defensive peers. 3-year revenue growth -14.6% vs a peer median of 3.7% (weaker than 100% of peers).3-year revenue growth -14.6% vs peers 3.7% (weaker than 100% of peers).

How profitable is MGP Ingredients?

Less profitable than most of its peers. Profitability scores 0/100 against 823 consumer defensive peers. Operating margin -53.9% vs a peer median of 7.6% (weaker than 100% of peers).Operating margin -53.9% vs peers 7.6% (weaker than 100% of peers).

How risky is MGP Ingredients?

Lower risk relative to 823 consumer defensive peers, judged on debt, liquidity and share-price swings. Current ratio 6.99× vs a peer median of 1.52× (stronger than 95% of peers).Current ratio 6.99× vs peers 1.52× (stronger than 95% of peers). Debt / equity 0.63× vs a peer median of 0.42× (weaker than 62% of peers).Debt / equity 0.63× vs peers 0.42× (weaker than 62% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

521.1M USD

500.0M USD

−4.1%

Net income (12 months)

−239.6M USD

−242.0M USD

+1.0%

Operating margin

-51.2%

-53.9%

−2.7 pts

Free cash flow (12 months)

52.5M USD

888,000 USD

−98.3%

Debt

245.0M USD

369.6M USD

+50.9%

Cash

10.4M USD

17.8M USD

+71.8%

Shares outstanding

21.4M

21.4M

+0.2%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

31.7%

32.4%

36.4%

40.7%

37.2%

▼ 3.5 pts

Operating margin

20.2%

19.0%

17.8%

10.6%

-17.6%

▼ 28 pts

Net margin

14.6%

14.0%

12.8%

4.9%

-20.1%

▼ 25 pts

Return on assets (ROA)

8.8%

9.5%

7.7%

2.5%

-8.7%

▼ 11 pts

Return on equity (ROE)

14.2%

14.7%

12.6%

4.2%

-15.0%

▼ 19 pts

Free cash flow margin

6.5%

5.6%

3.4%

4.4%

14.2%

▲ 9.8 pts

Current ratio

4.13×

4.31×

4.51×

5.91×

2.61×

▼ 56%

Quick ratio

3.74×

3.86×

4.02×

5.43×

2.40×

▼ 56%

Debt to equity

0.37×

0.32×

0.35×

0.39×

0.36×

▼ 8.4%

Interest coverage

31.30×

27.33×

22.36×

8.82×

-13.43×

▼ 252%