MGP INGREDIENTS INC (MGPI)
Consumer Staples · Branded spirits and food ingredients · NASDAQ
MGP Ingredients produces branded premium spirits (bourbon, whiskey, vodka) and food ingredient solutions (proteins, starches) for consumer packaged goods and distillers.
What MGP INGREDIENTS INC does
MGP Ingredients is a leading producer of branded and distilled spirits, including premium bourbon, rye, whiskey, vodka, and gin, sold through a portfolio of recognized brands like Penelope, Yellowstone, and Rebel. The company also manufactures food-grade alcohol and distillery co-products at its distilleries in Indiana and Kentucky, serving both direct spirit sales and third-party distillers. Additionally, MGP produces protein and starch food ingredients for consumer packaged goods manufacturers, bakeries, and food processors. The company operates three segments: Branded Spirits, Distilling Solutions, and Ingredient Solutions.
Themes: ["premium bourbon / whiskey","branded spirits","distilled spirits production","food ingredient solutions","grain-to-alcohol processing"]
Fundamentals
- Price$16.55 as of 2026-07-09 close
- Market cap$347M as of 2026-07-10
- 1-year return-47.0% as of 2026-07-09 close
- Net margin-46.0% as of 2026-07-10
- Gross margin+36.4% as of 2026-07-10
- ROE-32.0% as of 2026-07-10
- Debt / equity0.42 as of 2026-07-10
- Revenue growth (YoY)-20.4% as of 2026-07-10
- Revenue CAGR (3y)-11.8% SEC XBRL
- Beta0.45 as of 2026-07-10
Dividend: yield +2.9%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Goodwill and long-lived assets impairment of $179.5 million in Q1 2026 signals significant deterioration in asset valuations and potential overvaluation of acquired brands","Revenue declined 20.4% year-over-year with negative net margin of -45.97%, indicating severe operational challenges and inability to generate profitability despite substantial asset base","High debt load including convertible senior notes ($196.3M) and contingent consideration liabilities ($110.8M) constrains financial flexibility during period of declining revenues and losses"]
Competitors & peers
- Beam Suntory (spirits)
- Diageo plc (spirits)
- Brown-Forman Corporation (spirits)
- Constellation Brands (spirits)
- Archer Daniels Midland Company (food ingredients)
- Cargill (food ingredients)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.