MGPI Financials MGP INGREDIENTS INC

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 46 d ago Overview →

Growth & profitability

Revenue has grown 6.3% per year over the past 5 years.
Operating margin has contracted, at -17.6% in the latest year.
Free cash flow has grown 17.8% per year over the past 5 years.

Financial health

Total debt ($260M) exceeds cash ($18M); net debt is $242M.
Total debt has grown faster than revenue (45.4% vs 6.3% per year).
Operating income covered interest expense -13.4× in the latest year, down from 24× 5 years ago.

Shareholder returns

Dividends have been paid for 15 consecutive years, consuming 13.6% of free cash flow.
The dividend has grown 4.7% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$536M	-$108M	37.2%	-17.6%	-15.0%	-8.7%	$76M	$260M	$18M
2024	$704M	$35M	40.7%	10.6%	4.2%	2.5%	$31M	$329M	$25M
2023	$837M	$107M	36.4%	17.8%	12.6%	7.7%	$29M	$294M	$18M
2022	$782M	$109M	32.4%	19.0%	14.7%	9.5%	$44M	$236M	$48M
2021	$627M	$91M	31.7%	20.2%	14.2%	8.8%	$41M	$240M	$22M
2020	$396M	$40M	25.0%	13.7%	15.4%	11.0%	$34M	$40M	$22M
2019	$363M	$39M	21.1%	13.0%	16.8%	12.0%	$3M	$41M	$3M
2018	$376M	$37M	22.2%	13.3%	18.5%	13.4%	$2M	$32M	$5M
2017	$347M	$42M	21.9%	12.3%	24.8%	17.4%	$12M	$25M	$3M
2016	$318M	$31M	20.5%	13.2%	21.3%	13.8%	$2M	$36M	$2M
2015	—	$26M	—	—	22.5%	13.5%	-$12M	$34M	$747000
2014	—	$24M	—	—	22.7%	14.8%	$9M	$10M	$6M
2013	—	-$5M	—	—	-6.0%	-3.3%	$11M	—	$3M
2012	—	$2M	—	—	1.9%	1.0%	-$14M	—	$0
2011	—	-$1M	—	—	-1.7%	-1.0%	-$10M	$9M	$8M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Mar '26	$106M	-$135M	31.6%	-162.7%	-23.2%	-13.1%	$1M	—	$10M
Dec '25	$138M	-$135M	34.9%	-97.7%	-18.7%	-10.9%	$24M	$260M	$18M
Sep '25	$131M	$15M	37.8%	16.1%	1.8%	1.1%	$28M	—	$13M
Jun '25	$145M	$14M	40.1%	14.0%	1.7%	1.0%	-$557000	—	$17M
Mar '25	$122M	-$3M	35.6%	-0.6%	-0.4%	-0.2%	$25M	—	$20M
Dec '24	$181M	-$42M	41.2%	-16.8%	-5.0%	-3.0%	$10M	$329M	$25M
Sep '24	$161M	$24M	40.8%	20.2%	2.6%	1.7%	$24M	—	$21M
Jun '24	$191M	$32M	43.6%	22.7%	3.6%	2.2%	-$1M	—	$21M
Mar '24	$171M	$21M	36.8%	17.0%	2.4%	1.5%	-$2M	—	$19M
Dec '23	$215M	$31M	39.6%	20.0%	3.7%	2.2%	$22M	$294M	$18M
Sep '23	$212M	$13M	34.7%	9.4%	1.6%	1.0%	$16M	—	$28M
Jun '23	$209M	$32M	36.5%	21.1%	4.0%	2.3%	$1M	—	$22M
Mar '23	$201M	$31M	34.7%	20.7%	4.0%	2.6%	-$11M	—	$32M
Dec '22	$191M	$23M	33.1%	15.6%	3.0%	2.0%	$577000	$236M	$48M
Sep '22	$201M	$24M	29.4%	16.8%	3.3%	2.1%	$18M	—	$51M
Jun '22	$195M	$26M	30.4%	18.1%	3.6%	2.3%	$13M	—	$37M
Mar '22	$195M	$37M	36.8%	25.7%	5.5%	3.5%	$12M	—	$27M
Dec '21	$167M	$32M	31.6%	27.2%	4.9%	3.1%	$7M	$240M	$22M
Sep '21	$177M	$24M	32.3%	18.6%	3.9%	2.3%	$4M	$36M	$16M
Jun '21	$175M	$20M	32.5%	15.8%	3.4%	2.0%	$24M	$37M	$37M

Valuation over time

How the market has priced MGPI against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has fallen from 18.9× (Mar '23) to 14.1× (Nov '25).
The price-to-sales ratio has fallen from 2.6× (Mar '23) to 0.7× (Sep '26).
The dividend yield has risen from 0.5% (Mar '23) to 3.0% (Sep '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is MGPI growing its revenue and profit?

Over the past 5 years, MGP INGREDIENTS INC's revenue has grown 6.3% per year. These are computed facts, not advice.

How much debt does MGPI have?

As of FY2025, MGP INGREDIENTS INC reported $260M of total debt against $18M of cash; operating income covered interest expense -13.4×.

What is MGPI's profit margin?

In FY2025, gross margin was 37.2%, operating margin -17.6%, and net margin -20.1%.

What is MGPI's P/E ratio?

As of Sep '26, MGP INGREDIENTS INC traded at a price-to-earnings ratio of about 14.1× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.