MGP Ingredients, Inc. (MGPI) Stock

MGP Ingredients, Inc. (MGPI) is a Consumer Discretionary stock trading at $18.02 (as of 2026-08-21), with a market capitalization of $385.11M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

MGP Ingredients, Inc., together with its subsidiaries, produces and supplies distilled spirits, branded spirits, and food ingredients. It operates through three segments: Distillery Products; Branded Spirits; and Ingredient Solutions. The Distillery Products segment provides food grade alcohol for beverage applications that include bourbon and rye whiskeys, as well as grain neutral spirits, including vodka and gin; and food-grade industrial alcohol, which is used as an ingredient in foods, personal care products, cleaning solutions, pharmaceuticals, and various other products. This segment also provides fuel-grade alcohol for blending with gasoline; distillers feed and related co-products, such as distillers feed and corn oil; and warehouse services, including barrel put away, storage, and retrieval services, as well as blending services. The Branded Spirits segment provides ultra-premium, premium, mid, and value branded distilled spirits. The Ingredient Solutions segment provides specialty wheat starches for food applications under the Fibersym, Resistant Starch, and FiberRite RW Resistant Starch names; specialty wheat proteins for food applications under the Arise and Proterra names; gluten-free textured pea proteins; commodity wheat starch for food and non-food applications; and commodity wheat proteins. The company sells its products directly or through distributors to manufacturers and processors of finished packaged goods or to bakeries primarily in the United States, the United Kingdom, Japan, Thailand, Mexico, and Canada. MGP Ingredients, Inc. was founded in 1941 and is headquartered in Atchison, Kansas.

Understand MGP Ingredients, Inc.: how it makes money

MGP Ingredients produces and supplies distilled spirits, branded spirits, and food ingredients. It makes money by selling distillery products (food-grade alcohol and industrial alcohol), branded spirits, and ingredient solutions to beverage and other end markets.

Profitability is largely driven by how well committed sales and aging whiskey inventory translate into sell-through, across bulk distillery supply and higher value branded and ingredient mix.

Business quality (Weak): Even with a positive gross margin (31.6%), the operating margin is deeply negative (-162.7%), which points to a challenging cost and expense profile at the operating level in the latest quarter.

Bull case

  • Committed demand visibility: The Brown Goods Customer Base Committed Sales Value is shown at 0.84 USD_B, which can indicate customer commitments that support planning for future sales.
  • Aging inventory as a supply pipeline: Ending Inventory of Aging Whiskey is shown at 0.18 USD_B, which supports the idea that the company is maintaining aging inventory to meet future branded and beverage needs.

Bear case

  • Operating profitability pressure: Operating margin is -162.7%, which suggests the company is not converting gross profit into operating income in the latest quarter.
  • Mix and execution risk across segments: The segment-level revenue figures provided do not neatly reconcile to consolidated revenue (reconciliation depends on the specific segment definitions and reporting), which can make it harder to pinpoint what is driving operating results without additional detail.
Valuation — source: SEC EDGAR (first-party)
Price$18.02
Market Cap$385.11M
Price / Book0.66
Price / Sales0.76
FCF Yield26.5%
DCF Value (model)$37.43
DCF Upside vs Price107.7%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$536.38M
Net Margin-20.1%
Revenue Growth (YoY)-23.8%
EPS Growth (YoY)-419.9%
FCF Growth (YoY)144.5%
Financial Health — source: SEC EDGAR
Altman Z-Score1.44 (distress)
Piotroski F-Score3/9 (weak)
Valuation vs Sector & Industry
Sector P/E (Consumer Discretionary)20.7
Industry P/E (Wholesale)24.0
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderKeating Financial Advisory Services, Inc. ($53.28M)
Institutional Holders Tracked10
Congressional Trades (recent)4
Company
SectorConsumer Discretionary
IndustryWholesale
CEOJulie Francis
Employees660
CountryUS
IPO Date1988-10-21

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MGPI earnings history · MGPI institutional & insider holders · MGPI KPIs & operating metrics · MGPI financials · MGPI investor presentations & press releases · MGPI SEC filings · MGPI peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.