Tearsheet

MGP Ingredients (MGPI)


Market Price (12/27/2025): $24.21 | Market Cap: $517.4 Mil
Sector: Consumer Staples | Industry: Distillers & Vintners

MGP Ingredients (MGPI)


Market Price (12/27/2025): $24.21
Market Cap: $517.4 Mil
Sector: Consumer Staples
Industry: Distillers & Vintners

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.


0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 21%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 11%
Weak multi-year price returns
2Y Excs Rtn is -121%, 3Y Excs Rtn is -158%
Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 52%
1 Attractive yield
FCF Yield is 12%
  Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 44x
2 Low stock price volatility
Vol 12M is 38%
  Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -22%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -7.9%, Rev Chg QQuarterly Revenue Change % is -19%
3 Megatrend and thematic drivers
Megatrends include Experience Economy & Premiumization, and Health & Wellness Trends. Themes include Luxury Consumer Goods, Functional Foods & Beverages, Show more.
  Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -6.6%
4   Key risks
MGPI key risks include [1] exceptionally high financial leverage, Show more.
0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 21%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 11%
1 Attractive yield
FCF Yield is 12%
2 Low stock price volatility
Vol 12M is 38%
3 Megatrend and thematic drivers
Megatrends include Experience Economy & Premiumization, and Health & Wellness Trends. Themes include Luxury Consumer Goods, Functional Foods & Beverages, Show more.
4 Weak multi-year price returns
2Y Excs Rtn is -121%, 3Y Excs Rtn is -158%
5 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 52%
6 Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 44x
7 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -22%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -7.9%, Rev Chg QQuarterly Revenue Change % is -19%
8 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -6.6%
9 Key risks
MGPI key risks include [1] exceptionally high financial leverage, Show more.

Valuation, Metrics & Events

MGPI Stock


Why The Stock Moved


Qualitative Assessment

AI Analysis | Feedback

MGP Ingredients (symbol: MGPI) experienced a stock decline of -17.8% from approximately August 31, 2025, to December 27, 2025, primarily influenced by several key factors.

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<b>1. Significant Decline in Distilling Solutions Segment Sales and Profitability:</b> The company's Distilling Solutions segment faced substantial headwinds, with sales decreasing by 43% and gross profit falling by 50% in the third quarter of 2025 compared to the previous year. This decline was primarily attributed to constrained customer demand for "brown goods" amidst elevated industry-wide barrel inventories. Similar trends were noted in the second quarter of 2025, with a 24% consolidated sales decrease year-over-year.

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<b>2. Overall Consolidated Revenue and Gross Profit Decreases:</b> Despite reporting adjusted earnings per share (EPS) that exceeded analyst estimates for Q3 2025, MGP Ingredients reported a 19% year-over-year decrease in consolidated sales to $130.9 million and a 25% decrease in consolidated gross profit. These figures, alongside a 35% drop in net income, indicated underlying business challenges affecting the company's top and bottom lines.

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<b>3. Substantial Insider Selling:</b> Karen Seaberg, a former independent director, conducted significant insider selling transactions in December 2025, totaling over $7.5 million in common stock.

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<b>4. Removal from S&P SmallCap 600 Index:</b> Around December 5, 2025, MGP Ingredients was removed from the S&P SmallCap 600 index. Such an event can trigger selling pressure from index funds and other institutional investors whose mandates require them to hold constituents of specific indices.

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<b>5. Negative Analyst Outlook on Distillery Solutions and Revised Projections:</b> Despite a general "Buy" consensus rating from analysts, some analyses highlighted a negative outlook for MGP Ingredients' Distillery Solutions segment, with expectations of significant drops in revenue and gross profit for 2025. The company also revised its adjusted EBITDA projections downward for 2025 and 2026, reflecting acknowledged challenges in the aged whiskey market and contributing to cautious market sentiment.

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Stock Movement Drivers

Fundamental Drivers

The -1.5% change in MGPI stock from 9/26/2025 to 12/26/2025 was primarily driven by a -5.0% change in the company's Total Revenues ($ Mil).
926202512262025Change
Stock Price ($)24.5724.19-1.53%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)609.40578.86-5.01%
P/S Multiple0.860.893.73%
Shares Outstanding (Mil)21.3621.37-0.06%
Cumulative Contribution-1.53%

LTM = Last Twelve Months as of date shown

Market Drivers

9/26/2025 to 12/26/2025
ReturnCorrelation
MGPI-1.5% 
Market (SPY)4.3%16.9%
Sector (XLP)0.3%14.8%

Fundamental Drivers

The -18.1% change in MGPI stock from 6/27/2025 to 12/26/2025 was primarily driven by a -11.6% change in the company's Total Revenues ($ Mil).
627202512262025Change
Stock Price ($)29.5524.19-18.13%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)654.72578.86-11.59%
P/S Multiple0.960.89-7.27%
Shares Outstanding (Mil)21.3421.37-0.14%
Cumulative Contribution-18.13%

LTM = Last Twelve Months as of date shown

Market Drivers

6/27/2025 to 12/26/2025
ReturnCorrelation
MGPI-18.1% 
Market (SPY)12.6%21.3%
Sector (XLP)-2.2%32.1%

Fundamental Drivers

The -38.9% change in MGPI stock from 12/26/2024 to 12/26/2025 was primarily driven by a -24.6% change in the company's P/S Multiple.
1226202412262025Change
Stock Price ($)39.6124.19-38.93%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)737.72578.86-21.53%
P/S Multiple1.190.89-24.63%
Shares Outstanding (Mil)22.0721.373.16%
Cumulative Contribution-38.99%

LTM = Last Twelve Months as of date shown

Market Drivers

12/26/2024 to 12/26/2025
ReturnCorrelation
MGPI-38.9% 
Market (SPY)15.8%31.2%
Sector (XLP)0.0%34.2%

Fundamental Drivers

The -77.1% change in MGPI stock from 12/27/2022 to 12/26/2025 was primarily driven by a -70.9% change in the company's P/S Multiple.
1227202212262025Change
Stock Price ($)105.7024.19-77.11%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)758.21578.86-23.66%
P/S Multiple3.070.89-70.89%
Shares Outstanding (Mil)22.0121.372.89%
Cumulative Contribution-77.13%

LTM = Last Twelve Months as of date shown

Market Drivers

12/27/2023 to 12/26/2025
ReturnCorrelation
MGPI-75.5% 
Market (SPY)48.0%20.1%
Sector (XLP)14.1%27.0%

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
MGPI Return-2%82%26%-7%-60%-37%-47%
Peers Return16%38%-12%21%26%16%150%
S&P 500 Return16%27%-19%24%23%18%114%

Monthly Win Rates [3]
MGPI Win Rate42%58%75%50%33%50% 
Peers Win Rate52%65%42%68%57%52% 
S&P 500 Win Rate58%75%42%67%75%73% 

Max Drawdowns [4]
MGPI Max Drawdown-53%-1%-11%-21%-60%-44% 
Peers Max Drawdown-34%-5%-26%-7%-9%-23% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/26/2025 (YTD)

How Low Can It Go

Unique KeyEventMGPIS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-33.2%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven49.7%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-57.0%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven132.5%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven302 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-56.3%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven128.6%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven925 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-97.8%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven4516.0%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven2,471 days1,480 days

Compare to HPQ, HPE, IBM, CSCO, AAPL

In The Past

MGP Ingredients's stock fell -33.2% during the 2022 Inflation Shock from a high on 11/25/2022. A -33.2% loss requires a 49.7% gain to breakeven.

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About MGP Ingredients (MGPI)

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.

AI Analysis | Feedback

Here are 1-2 brief analogies for MGP Ingredients:

  • The **Intel Inside for many American whiskey brands**, providing the foundational distilled spirit.

  • A specialized **Foxconn for premium distilled spirits**, acting as a key high-volume distiller for other brands while also growing its own acclaimed labels.

AI Analysis | Feedback

  • Distilled Spirits: Produces and ages premium whiskey (bourbon, rye), gin, and vodka, sold both in bulk to other brands and under proprietary labels.
  • Ingredient Solutions: Manufactures specialty wheat proteins and starches utilized in food, beverage, and pet food industries.
  • Industrial Alcohol: Supplies high-purity alcohol for applications in food, pharmaceutical, personal care, and industrial sectors.

AI Analysis | Feedback

MGP Ingredients (MGPI) primarily sells its products to other companies (B2B).

While MGP Ingredients does not publicly disclose the specific names of its major customers, nor does any single customer account for more than 10% of its consolidated net sales, its customer base can be categorized by the types of businesses it serves across its two main segments:

Distilling Solutions Segment Customers:

  • Spirit Brand Owners: This broad category includes other distillers, non-distilling producers (NDPs), and companies that own spirit brands. These customers purchase new-make or aged distilled spirits (such as bourbon, rye whiskey, and gin) from MGP Ingredients to bottle and market under their own labels. The types of companies in this category range from large, established spirit companies to smaller craft distilleries and independent brand developers.

Ingredient Solutions Segment Customers:

  • Food Manufacturers: Companies that utilize MGP Ingredients' specialty wheat proteins, starches, and other functional ingredients in a wide variety of food applications, including bakery products, plant-based foods, and noodles.
  • Pet Food Manufacturers: Companies that incorporate MGP Ingredients' specialty proteins and starches into their pet food products.
  • Industrial Users: Companies that purchase commodity alcohol produced by MGP Ingredients for various industrial and fuel applications.

AI Analysis | Feedback

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Julie Francis, President and Chief Executive Officer

Ms. Francis has served as MGP's President and Chief Executive Officer since July 2025. She oversees the company's global business strategy and operations, leveraging over three decades of experience across the branded food and beverage industries. Prior to joining MGP, Ms. Francis was Chief Operating Officer at Schwan's Company, where she held responsibilities across consumer brands, food service, supply chain, global R&D, and marketing.

Brandon Gall, Chief Financial Officer

Mr. Gall has served as Chief Financial Officer of MGP since April 2019 and as Treasurer since May 2023. He also served as Interim President and CEO from January to July 2025. Mr. Gall joined MGP in 2012 and advanced through various leadership roles, including Director of Financial Planning and Analysis, Director of Supply Chain Finance, Director of Business Development, and Corporate Controller. Before MGP, he worked at Errand Solutions as Director of Finance and Human Resources and held analyst and associate roles at Credit Suisse Securities. He holds a bachelor's degree from Miami University and an MBA from the University of Chicago, and is a Certified Public Accountant.

Matias Bentel, Chief Marketing Officer

Mr. Bentel joined MGP in October 2025. He brings extensive leadership, marketing, and general management experience, most recently serving as Executive Vice President, Chief Brands Officer at Brown-Forman Corporation. Prior to Brown-Forman, Mr. Bentel held various marketing roles at Diageo and Allied Domecq.

Erika Lapish, Chief Human Resources Officer

Ms. Lapish has served as Chief Human Resources Officer of MGP since February 2023, and joined MGP as Vice President, Human Resources, in May 2021. She has over 20 years of experience in global HR management within manufacturing and healthcare organizations. Most recently, she was Vice President of Human Resources for R1 RCM – Central Operations from February 2018 to May 2021.

Chris Wiseman, Senior Vice President, Operations

Mr. Wiseman joined MGP in October 2025 as Senior Vice President, Operations, and is responsible for all aspects of operations across the organization. He has nearly two decades of deep manufacturing experience and supply chain expertise. Most recently, Mr. Wiseman served as Vice President of Manufacturing at Schwan's Company from 2017 to 2025. Before Schwan's, he led multiple facilities for Bimbo Bakeries USA from 2012 to 2017.

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AI Analysis | Feedback

Here are the key risks to MGP Ingredients (MGPI):
  1. High Leverage: MGP Ingredients faces a significant risk due to its high net debt to EBITDA ratio, which has been reported as significantly above industry norms (e.g., 10.19x). This elevated leverage makes the company vulnerable, particularly if cash flow continues to be weak, potentially complicating refinancing efforts and impacting liquidity.
  2. Cyclical Destocking and Weak Sales in Distilling Solutions: The company is experiencing ongoing challenges from cyclical destocking and a slowdown in consumption, which is notably impacting sales in its Distilling Solutions segment. This has led to sales declines, pressure on profitability, and, as of late 2024, admissions of higher inventory levels and weaker sales than previously disclosed, resulting in a substantial stock price drop and investor lawsuits.
  3. Operational Reliability and Margin Compression: MGP Ingredients has faced operational stumbles, including past equipment failures and expensive waste disposal, which have negatively affected margins in its Ingredient Solutions segment. The company's overall operating margins have been thin, making it highly susceptible to any decrease in sales or increase in costs. Additionally, the consolidated gross margin is significantly lower than the industry average.

AI Analysis | Feedback

  • The accelerating consumer shift towards Non-Alcoholic and Low-Alcohol (NABLAB) beverages poses a threat by potentially reducing demand for traditional alcoholic spirits, which is a core business for MGP Ingredients. This trend is driven by increasing health consciousness and moderation, with growing market share and significant investment from both new entrants and established beverage companies in sophisticated NABLAB alternatives.
  • The ongoing trend of increasing mainstream acceptance and legalization of cannabis products presents an emerging threat. As cannabis becomes more widely accessible and socially normalized, it acts as a competing recreational product that could divert consumer discretionary spending and consumption occasions away from alcoholic beverages, thereby impacting the demand for spirits produced by MGP Ingredients.

AI Analysis | Feedback

MGP Ingredients (MGPI) operates primarily in two main product areas: Distilled Spirits and Ingredient Solutions.

Distilled Spirits

MGP Ingredients is a leading producer and supplier of premium distilled spirits, branded spirits (including bourbon, rye whiskey, vodka, gin, and tequila), and also offers distillery solutions such as food-grade alcohol for beverage applications, warehouse services, and blending services.

  • Global Distilled Spirits Market: The global distilled spirits market size was estimated at USD 562.50 billion in 2023 and is projected to reach USD 872.14 billion by 2032.
  • U.S. Distilled Spirits Market: The U.S. spirits market is expected to grow from USD 120.34 billion in 2025 to USD 136.87 billion in 2030.

Ingredient Solutions

MGP Ingredients provides specialty wheat proteins (such as Arise and ProTerra), specialty wheat starches (including Fibersym, Midsol, and Pregel), gluten-free textured pea proteins, and commodity wheat starch and proteins. These ingredients are used in various food and non-food applications.

  • Global Specialty Food Ingredients Market: The global specialty ingredients market size was valued at USD 142.5 billion in 2023 and is projected to reach USD 215.8 billion by 2030.
  • U.S. Specialty Food Ingredients Market: The U.S. specialty food ingredients market size reached USD 21.0 billion in 2024 and is expected to reach USD 34.3 billion by 2033.
  • Global Alcohol Ingredients Market (for raw materials supplied for alcoholic beverages): The global alcohol ingredients market size was estimated at USD 2.95 billion in 2024 and is predicted to increase from USD 3.13 billion in 2025 to approximately USD 5.40 billion by 2034.

AI Analysis | Feedback

MGP Ingredients (MGPI) is expected to drive future revenue growth over the next 2-3 years through several key strategies and market trends:

  1. Expansion of Premium Plus Branded Spirits Portfolio: MGP Ingredients anticipates continued positive growth from its premium-plus branded spirits portfolio. Brands such as Penelope Bourbon have demonstrated strong momentum, supported by ongoing innovation, limited releases, and an appeal to new consumer segments, including females. The company is also introducing new offerings like Rebel 100 6-Year Bourbon, El Mayor Tequila Rosado Reposado, and Yellowstone Kentucky Straight Bourbon Whiskey Finished in Rum Casks. This focus on higher-margin, premium products is a central part of the company's long-term strategy to become a premier branded spirits company.

  2. Growth in Specialty Ingredient Solutions: The Ingredient Solutions segment, particularly specialty wheat protein and specialty starch sales (including the Fibersym brand), is expected to be a significant growth driver. The company is actively commercializing new customers for these offerings and sees structural opportunities in the "healthier for me" food segments. After some initial headwinds, specialty protein sales rebounded, with new business wins offsetting other market challenges.

  3. Strategic Portfolio Management and Repositioning in Branded Spirits: MGP Ingredients is actively managing and optimizing its branded spirits portfolio. While some mid- and value-priced brands have seen declines, the company is re-evaluating these to potentially "ignite" strong brands within the segment, thereby offsetting declines and leveraging premiumization trends. This strategic focus aims to enhance the overall profitability and growth trajectory of its branded offerings.

  4. Operational Efficiencies and Cost Savings: The company is prioritizing cost-saving measures and operational efficiency to improve profitability and support investments in growth areas. Initiatives include optimizing operations and leveraging new facilities, such as a biofuel facility, which is expected to significantly offset disposal costs. These efficiencies contribute to a stronger financial foundation, enabling sustained investment in revenue-generating initiatives.

AI Analysis | Feedback

Share Repurchases

  • In February 2024, MGP Ingredients authorized a new share repurchase program of up to $100 million of its common stock, with no set expiration date.
  • During 2024, the company repurchased 886,936 shares of its common stock for $46.6 million.
  • As of September 30, 2025, approximately $53.412 million remained under the $100 million share repurchase program.

Share Issuance

  • In January 2021, as part of the Luxco acquisition, Luxco shareholders received 5 million shares of MGP common stock, valued at approximately $238 million.
  • In November 2021, MGP Ingredients announced a private offering of $175 million aggregate principal amount of convertible senior notes due 2041.

Outbound Investments

  • In April 2021, MGP Ingredients completed the acquisition of Luxco, Inc. for an enterprise value of $475 million, consisting of equal parts cash and stock. This acquisition significantly expanded the company's branded spirits portfolio.
  • In May 2023, MGP Ingredients' subsidiary Luxco, Inc. acquired Penelope Bourbon LLC for $105 million, aligning with MGP's premiumization strategy.

Capital Expenditures

  • Capital expenditures for 2024 were $73.2 million, which included investments in facility improvement and expansion, additional warehouses, a dryer investment at Lux Row, acquisition of a leased bottling facility in St. Louis, and a mini fuel plant in Atchison.
  • For 2025, expected full-year capital expenditures are approximately $32.5 million, representing a nearly 50% decline compared to 2024.
  • These 2025 expenditures are focused on facility improvement and expansion, facility sustaining projects, and environmental, health, and safety initiatives.

Better Bets than MGP Ingredients (MGPI)

Trade Ideas

Select ideas related to MGPI. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
BF-B_11302025_Dip_Buyer_ValueBuy11302025BF-BBrown-FormanDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-8.9%-8.9%-8.9%
CPB_11302025_Dip_Buyer_ValueBuy11302025CPBCampbell'sDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-7.6%-7.6%-9.2%
ENR_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11212025ENREnergizerDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
13.1%13.1%-5.3%
FLO_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11212025FLOFlowers FoodsDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
5.4%5.4%-1.6%
CLX_11142025_Dip_Buyer_FCFYield11142025CLXCloroxDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-5.0%-5.0%-6.0%
MGPI_12312022_Quality_Momentum_RoomToRun_10%12312022MGPIMGP IngredientsQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run
0.1%-7.0%-20.8%
MGPI_1312022_Quality_Momentum_RoomToRun_10%01312022MGPIMGP IngredientsQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run
40.9%29.5%0.0%

Recent Active Movers

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Peer Comparisons for MGP Ingredients

Peers to compare with:

Financials

MGPIHPQHPEIBMCSCOAAPLMedian
NameMGP Ingr.HP Hewlett .Internat.Cisco Sy.Apple  
Mkt Price24.1923.2624.49305.0978.16273.4051.32
Mkt Cap0.521.932.6284.9309.24,074.4158.8
Rev LTM57955,29534,29665,40257,696408,62556,496
Op Inc LTM1103,6241,64411,54412,991130,2147,584
FCF LTM622,80062711,85412,73396,1847,327
FCF 3Y Avg372,9781,40011,75313,879100,5037,366
CFO LTM1213,6972,91913,48313,744108,5658,590
CFO 3Y Avg983,6723,89613,49814,736111,5598,697

Growth & Margins

MGPIHPQHPEIBMCSCOAAPLMedian
NameMGP Ingr.HP Hewlett .Internat.Cisco Sy.Apple  
Rev Chg LTM-21.5%3.2%13.8%4.5%8.9%6.0%5.2%
Rev Chg 3Y Avg-7.9%-3.9%6.5%2.6%3.7%1.8%2.2%
Rev Chg Q-18.9%4.2%14.4%9.1%7.5%9.6%8.3%
QoQ Delta Rev Chg LTM-5.0%1.1%3.7%2.1%1.8%2.1%2.0%
Op Mgn LTM18.9%6.6%4.8%17.7%22.5%31.9%18.3%
Op Mgn 3Y Avg20.4%7.4%7.2%16.4%24.2%30.8%18.4%
QoQ Delta Op Mgn LTM-1.5%-0.2%-1.4%0.6%0.4%0.1%-0.1%
CFO/Rev LTM20.9%6.7%8.5%20.6%23.8%26.6%20.8%
CFO/Rev 3Y Avg14.6%6.8%12.7%21.4%26.1%28.4%18.0%
FCF/Rev LTM10.7%5.1%1.8%18.1%22.1%23.5%14.4%
FCF/Rev 3Y Avg5.8%5.5%4.6%18.6%24.6%25.6%12.2%

Valuation

MGPIHPQHPEIBMCSCOAAPLMedian
NameMGP Ingr.HP Hewlett .Internat.Cisco Sy.Apple  
Mkt Cap0.521.932.6284.9309.24,074.4158.8
P/S0.90.41.04.45.410.02.7
P/EBIT44.46.819.925.122.531.323.8
P/E-34.28.6572.736.029.941.033.0
P/CFO4.35.911.221.122.537.516.2
Total Yield-2.4%14.1%2.3%5.0%5.4%2.8%3.9%
Dividend Yield0.5%2.5%2.1%2.2%2.1%0.4%2.1%
FCF Yield 3Y Avg4.9%10.6%5.5%6.4%6.0%3.1%5.7%
D/E0.50.50.70.20.10.00.4
Net D/E0.50.30.60.20.00.00.3

Returns

MGPIHPQHPEIBMCSCOAAPLMedian
NameMGP Ingr.HP Hewlett .Internat.Cisco Sy.Apple  
1M Rtn5.7%-1.8%14.4%0.6%2.7%-1.5%1.7%
3M Rtn-1.5%-11.9%2.7%7.9%17.0%7.1%4.9%
6M Rtn-18.1%-4.0%34.5%6.6%15.2%36.3%10.9%
12M Rtn-38.9%-27.3%14.2%39.2%33.7%6.0%10.1%
3Y Rtn-77.1%-3.8%67.7%139.0%79.5%113.4%73.6%
1M Excs Rtn4.7%-5.6%12.9%-2.2%-0.0%-3.7%-1.1%
3M Excs Rtn-5.8%-16.2%-1.7%3.6%12.7%2.8%0.6%
6M Excs Rtn-30.4%-16.3%22.3%-5.7%3.0%24.0%-1.3%
12M Excs Rtn-54.3%-42.9%-0.7%25.0%19.9%-8.4%-4.6%
3Y Excs Rtn-158.4%-83.5%-11.2%59.6%-1.2%28.4%-6.2%

Financials

Segment Financials

Assets by Segment
$ Mil20242023202220212020
Branded Spirits9116996596 
Distilling Solutions369350315282272
Ingredient solutions8964434131
Corporate2445253720
Total1,3921,1581,041367323


Price Behavior

Price Behavior
Market Price$24.19 
Market Cap ($ Bil)0.5 
First Trading Date03/26/1990 
Distance from 52W High-38.9% 
   50 Days200 Days
DMA Price$24.39$27.68
DMA Trenddowndown
Distance from DMA-0.8%-12.6%
 3M1YR
Volatility36.5%37.8%
Downside Capture125.17109.96
Upside Capture92.4645.18
Correlation (SPY)16.3%31.1%
MGPI Betas & Captures as of 11/30/2025

 1M2M3M6M1Y3Y
Beta0.210.290.310.780.560.60
Up Beta-1.10-1.26-0.550.260.680.57
Down Beta-1.760.360.300.510.330.59
Up Capture32%37%-24%44%11%5%
Bmk +ve Days13263974142427
Stock +ve Days10222659110362
Down Capture109%88%122%156%99%100%
Bmk -ve Days7162452107323
Stock -ve Days10203666137387

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
 Comparison of MGPI With Other Asset Classes (Last 1Y)
 MGPISector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return-38.5%0.5%17.8%72.1%8.6%4.4%-8.3%
Annualized Volatility37.6%13.9%19.4%19.3%15.2%17.0%35.0%
Sharpe Ratio-1.21-0.200.722.700.340.09-0.08
Correlation With Other Assets 34.3%31.2%-1.8%9.7%39.8%15.0%

ETFs used for asset classes: Sector ETF = XLP, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
 Comparison of MGPI With Other Asset Classes (Last 5Y)
 MGPISector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return-11.9%5.7%14.7%18.7%11.5%4.6%30.8%
Annualized Volatility39.0%13.0%17.1%15.5%18.7%18.9%48.7%
Sharpe Ratio-0.210.230.700.970.500.160.57
Correlation With Other Assets 28.5%29.7%2.5%9.8%35.1%14.7%

ETFs used for asset classes: Sector ETF = XLP, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
 Comparison of MGPI With Other Asset Classes (Last 10Y)
 MGPISector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return0.7%7.3%14.8%15.3%7.0%5.3%69.2%
Annualized Volatility43.3%14.7%18.0%14.7%17.6%20.8%55.8%
Sharpe Ratio0.180.370.710.860.320.220.90
Correlation With Other Assets 29.2%30.1%0.3%10.1%30.7%10.6%

ETFs used for asset classes: Sector ETF = XLP, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date12152025
Short Interest: Shares Quantity1,330,352
Short Interest: % Change Since 11302025-10.2%
Average Daily Volume494,632
Days-to-Cover Short Interest2.69
Basic Shares Quantity21,373,300
Short % of Basic Shares6.2%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
10/29/20254.3%5.0%-2.9%
7/31/2025-3.7%-5.7%0.4%
2/26/2025-1.1%-0.7%-10.8%
10/17/2024-24.2%-29.4%-39.0%
8/1/20245.6%2.6%11.0%
5/2/20245.1%5.1%-0.7%
2/22/2024-14.9%-11.9%-7.8%
11/2/20233.4%2.7%-5.4%
...
SUMMARY STATS   
# Positive141211
# Negative81011
Median Positive5.5%5.0%10.5%
Median Negative-6.9%-9.6%-7.8%
Max Positive12.4%12.0%27.2%
Max Negative-27.7%-30.5%-39.0%

SEC Filings

Expand for More
Report DateFiling DateFiling
93020251029202510-Q 9/30/2025
6302025731202510-Q 6/30/2025
3312025501202510-Q 3/31/2025
12312024226202510-K 12/31/2024
93020241031202410-Q 9/30/2024
6302024801202410-Q 6/30/2024
3312024502202410-Q 3/31/2024
12312023222202410-K 12/31/2023
93020231102202310-Q 9/30/2023
6302023803202310-Q 6/30/2023
3312023504202310-Q 3/31/2023
12312022223202310-K 12/31/2022
93020221103202210-Q 9/30/2022
6302022804202210-Q 6/30/2022
3312022505202210-Q 3/31/2022
12312021224202210-K 12/31/2021