MGPINasdaqWholesale-Beer, Wine & Distilled Alcoholic BeveragesUS GAAP · USD

MGP Ingredients, Inc

MGP Ingredients is a U.S.-based producer of branded spirits, distilled spirits ingredients, and specialty food ingredients. The company operates through three segments: Branded Spirits, Distilling Solutions, and Ingredient Solutions, serving beverage alcohol customers as well as food and consumer packaged goods manufacturers.

Liikevaihto536milj. USD
−23,8 %v/v
Liikevoitto (EBIT)−94,6milj. USD
−227,1 %v/v
EBIT-marginaali−17,6%
−28,2 %-yks.v/v
Nettotulos−108milj. USD
−411,0 %v/v
Vapaa kassavirta76,0milj. USD
+144,5 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−20002004006008001 000milj. USD2020: 396 milj. USD2020: EBIT 54 milj. USD20202021: 627 milj. USD2021: EBIT 126 milj. USD20212022: 782 milj. USD2022: EBIT 149 milj. USD20222023: 837 milj. USD2023: EBIT 149 milj. USD20232024: 704 milj. USD2024: EBIT 74 milj. USD20242025: 536 milj. USD2025: EBIT −95 milj. USD2025536−95
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Branded Spirits45 %

Own-brand alcoholic beverages sold through distributors across multiple price tiers.

Distilling Solutions35 %

Bulk distillate, aging, barreling, warehousing, blending, and contract bottling services.

Ingredient Solutions20 %

Specialty wheat proteins, starches, dietary fiber, and related food ingredient solutions.

Asiakkaat

MGP sells branded spirits to distributors, who then supply retailers and on-premise channels. Its Distilling Solutions customers are other spirits companies and manufacturers that buy distillate, barrel storage, and related services, while Ingredient Solutions serves food manufacturers, processors, bakeries, and CPG customers seeking functional and clean-label ingredients.

Spirits distributors

Buy branded spirits for resale across value and premium tiers; important for brand reach and shelf presence.

Other spirits manufacturers

Buy distillate, GNS, barreling, and warehousing services to support their own brands and inventories.

Food and beverage manufacturers

Buy specialty proteins, starches, and dietary fiber for formulation, nutrition, and clean-label claims.

Bakeries and processors

Use wheat-based ingredients for functional performance, texture, and sensory attributes.

Private label and contract bottling customers

Outsource bottling and production to access capacity and technical distilling expertise.

Strategia

Management is focused on shifting toward higher-margin specialty ingredients, improving operational reliability, and reducing waste-starch disposal costs. In spirits, the company is trying to deepen customer relationships, grow private label, and better monetize aged inventory while navigating a softer American whiskey market and elevated barrel inventories.

Operational reliability in Ingredient SolutionsLyhyt aikaväli

Higher uptime and lower waste handling costs should improve margins and customer service.

Shift mix toward specialty ingredientsKeskipitkä aikaväli

Specialty proteins, starches, and fiber support better margins and align with health trends.

Defend and reposition Distilling SolutionsKeskipitkä aikaväli

The segment faces softer American whiskey demand and needs new customer wins and private label growth.

Maantiede

2025

MGP is headquartered in Kansas and operates key production sites in Atchison, Lawrenceburg, Bardstown, Lebanon, and St. Louis. The business is primarily U.S.-centric, but its branded spirits portfolio is described as global and the company also sells through distributors and partners, so channel execution and inventory levels matter across markets.

Other countries (US filing)100 %

Riskit

MGP faces demand and inventory-cycle risk in both spirits and ingredients, with whiskey customers pausing purchases and ingredient customers tied to new product development activity. The company also has meaningful operating and supply-chain exposure from grain, wheat, barrels, packaging inputs, union labor, and facility reliability, which can pressure margins and disrupt production.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Soft American whiskey demand and elevated inventories1Ingredient customer concentration and NPD dependence2Supply concentration and input inflation3Operational reliability and facility interruption4Distributor network disruption5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Soft American whiskey demand and elevated inventoriesVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Customers may pause or cancel purchases when category trends weaken and inventories are high.

    Kohdistuu: Distilling Solutions

  2. Ingredient customer concentration and NPD dependenceVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Specialty ingredient demand depends on customer product launches and reformulation activity.

    Kohdistuu: Ingredient Solutions

  3. Supply concentration and input inflationVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Corn, wheat flour, barrels, bottles, and closures are sourced from third parties and can become constrained or expensive.

    Kohdistuu: All segments

  4. Operational reliability and facility interruptionVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Unplanned outages or catastrophic events can stop production and create remediation costs.

    Kohdistuu: Ingredient Solutions and distilleries

  5. Distributor network disruptionVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Changing distribution partners can cause temporary sales losses and higher operating costs.

    Kohdistuu: Branded Spirits

Kirjanpito

Harkinnanvaraiset erät
Goodwill and indefinite-lived intangible impairment

Declines in market capitalization, discount rates, or forecasted revenue could trigger charges.

Vaikutus: Could materially affect earnings and equity

Inventory valuation and aging distillate

Barreled whiskey inventory and commodity inputs require cash and can affect gross margin timing.

Vaikutus: Affects working capital and reported margins

Operational cost accruals and disposal costs

Waste-starch disposal and reliability issues can create period-specific cost spikes.

Vaikutus: Can distort quarterly comparability

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 24.9.2026

MGP Ingredients, Inc (MGPI) liikevaihto, tulos ja tunnusluvut 2025 – Clarifo