MGP Ingredients, Inc. (MGPI) Income Statement
MGPI 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsMGPI revenue and net income
Where MGPI's revenue goes
2025Each bar shows an amount and its share of revenue. MGPI kept −20.1% of revenue as net income.
MGPI profit margins
MGPI growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −23.8% | −11.8% | +6.3% | +5.1% |
| Gross profit | −30.4% | −7.7% | +15.1% | +13.0% |
| Operating income | −227.1% | — | — | — |
| Net income | −411.0% | — | — | — |
| EPS (diluted) | −50.2% | −17.0% | +2.3% | +6.6% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
MGPI quarterly EPS vs estimates
MGP Ingredients beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: October 28, 2026 (estimate $0.34).
MGPI income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $536.4M | $703.6M | $836.5M | $782.4M | $626.7M | $395.5M | $362.7M | $376.1M | $347.4M | $318.3M |
| Cost of revenue | $337.0M | $417.3M | $531.8M | $529.1M | $427.8M | $296.7M | $286.2M | $292.5M | $271.4M | $253.0M |
| Gross profit | $199.4M | $286.3M | $304.7M | $253.3M | $199.0M | $98.8M | $76.5M | $83.6M | $76.0M | $65.3M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $916,000 |
| Sales, general & admin | $115.9M | $121.9M | $129.6M | $104.3M | $72.8M | $44.6M | $29.3M | $33.5M | $33.1M | $26.7M |
| Total operating expenses | $294.0M | $211.9M | $156.1M | $104.3M | $72.6M | $44.6M | $29.3M | $33.5M | $33.1M | $23.3M |
| Operating income | −$94.6M | $74.4M | $148.6M | $149.0M | $126.4M | $54.2M | $47.2M | $50.1M | $42.9M | $42.0M |
| Interest income | — | — | — | — | — | — | $1.3M | $1.2M | $1.5M | $2.7M |
| Interest expense | $7.0M | $8.4M | $6.6M | $5.5M | $4.0M | $2.3M | $1.3M | $1.2M | $1.2M | $1.3M |
| Income before taxes | −$100.3M | $68.4M | $141.7M | $140.2M | $121.1M | $52.6M | $45.9M | $49.0M | $52.8M | $44.7M |
| Income taxes | $7.5M | $34.0M | $34.6M | $31.3M | $30.3M | $12.3M | $7.1M | $11.7M | $10.9M | $13.5M |
| Net income | −$107.8M | $34.7M | $107.5M | $109.5M | $91.3M | $40.3M | $38.8M | $37.3M | $41.8M | $31.2M |
| EBITDA | −$69.2M | $98.9M | $170.5M | $167.1M | $144.2M | $67.2M | $58.8M | $61.5M | $54.2M | $53.2M |
| EPS (diluted) | $2.81 | $5.64 | $5.71 | $4.91 | $4.24 | $2.51 | $2.27 | $2.17 | $2.23 | $1.81 |
| Gross margin | 37.2% | 40.7% | 36.4% | 32.4% | 31.7% | 25.0% | 21.1% | 22.2% | 21.9% | 20.5% |
| Operating margin | −17.6% | 10.6% | 17.8% | 19.0% | 20.2% | 13.7% | 13.0% | 13.3% | 12.3% | 13.2% |
| Net margin | −20.1% | 4.9% | 12.8% | 14.0% | 14.6% | 10.2% | 10.7% | 9.9% | 12.0% | 9.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $124.4M | $106.4M | $138.3M | $130.9M | $145.5M | $121.7M | $180.8M | $161.5M | $190.8M | $170.6M | $214.9M | $211.6M |
| Cost of revenue | $77.9M | $72.8M | $90.1M | $81.5M | $87.1M | $78.3M | $106.3M | $95.6M | $107.6M | $107.8M | $129.7M | $138.2M |
| Gross profit | $46.5M | $33.6M | $48.3M | $49.4M | $58.4M | $43.3M | $74.5M | $65.8M | $83.2M | $62.8M | $85.1M | $73.4M |
| Sales, general & admin | $5.7M | $27.3M | $30.8M | $25.6M | $30.1M | $29.4M | $31.0M | $26.9M | $34.4M | $29.7M | $38.1M | $31.1M |
| Total operating expenses | $26.7M | $206.8M | $183.5M | $28.4M | $38.1M | $44.1M | $104.9M | $33.3M | $39.8M | $33.9M | $42.1M | $53.6M |
| Operating income | $19.8M | −$173.2M | −$135.2M | $21.0M | $20.3M | −$747,000 | −$30.4M | $32.6M | $43.4M | $28.9M | $43.1M | $19.8M |
| Interest expense | $2.9M | $1.4M | $1.6M | $1.7M | $1.9M | $1.9M | $2.0M | $2.2M | $2.2M | $2.0M | $2.0M | $2.4M |
| Income before taxes | $15.1M | −$174.7M | −$136.4M | $19.7M | $18.7M | −$2.4M | −$31.9M | $31.4M | $42.1M | $26.8M | $40.8M | $17.5M |
| Income taxes | $3.1M | −$39.9M | −$1.8M | $4.3M | $4.3M | $671,000 | $10.1M | $7.6M | $10.1M | $6.3M | $9.8M | $4.4M |
| Net income | $12.0M | −$134.8M | −$134.6M | $15.4M | $14.4M | −$3.0M | −$42.0M | $23.9M | $32.1M | $20.6M | $31.1M | $13.2M |
| EBITDA | $24.3M | −$167.0M | −$128.6M | $27.6M | $26.5M | $5.3M | −$24.2M | $39.3M | $49.7M | $34.2M | $53.1M | $25.6M |
| EPS (diluted) | $0.72 | $0.15 | $0.63 | $0.85 | $0.97 | $0.36 | $1.57 | $1.29 | $1.71 | $1.07 | $1.49 | $1.34 |
| Gross margin | 37.4% | 31.6% | 34.9% | 37.8% | 40.1% | 35.6% | 41.2% | 40.8% | 43.6% | 36.8% | 39.6% | 34.7% |
| Operating margin | 15.9% | −162.7% | −97.7% | 16.1% | 14.0% | −0.6% | −16.8% | 20.2% | 22.7% | 17.0% | 20.0% | 9.4% |
| Net margin | 9.7% | −126.7% | −97.3% | 11.8% | 9.9% | −2.5% | −23.2% | 14.8% | 16.8% | 12.1% | 14.5% | 6.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in MGPI's financial statements (latest annual report filed February 25, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
MGPI financial results
In fiscal year 2025 (ended December 31, 2025), MGP Ingredients reported revenue of $536.4 million, down 23.8% from the year before. It had a net loss of $107.8 million, a net profit margin of −20.1%. Diluted earnings per share came to $2.81. Over five years revenue grew at an average rate of 6.3% a year.
See the MGPI stock overview for the latest quote and news, or the MGPI chart for price history and technical indicators.
MGPI income statement FAQ
What is MGP Ingredients's annual revenue?
MGP Ingredients reported total revenue of $536.4 million for fiscal year 2025, which ended on December 31, 2025. That was down 23.8% from $703.6 million the previous year.
Is MGP Ingredients profitable?
No. MGP Ingredients reported a net loss of $107.8 million in fiscal 2025, a net profit margin of −20.1%; its operating margin was −17.6%.
What is MGP Ingredients's gross margin?
MGP Ingredients's gross margin was 37.2% in fiscal 2025: for every $100 of revenue, MGP Ingredients kept $37 after the direct cost of its products and services.
How fast is MGP Ingredients growing?
Revenue grew 6.3% a year on average over the last five fiscal years, from $395.5 million to $536.4 million.
What are MGP Ingredients's earnings per share?
MGP Ingredients earned $2.81 per diluted share in fiscal 2025, compared with $5.64 a year earlier.
When will MGP Ingredients report its next earnings?
MGP Ingredients is expected to report results for the quarter ending September 30, 2026 on October 28, 2026 before the market opens.
When does MGP Ingredients's fiscal year end?
MGP Ingredients's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 25, 2026.