MGPI (MGPI) financial statements
MGPI reported revenue of $536M in fiscal 2025, up 6.0% a year over 9 years.
Net income was -$108M and the operating margin -17.6%, against 13.2% in 2016.
Free cash flow was $76M, and the company returned $10M in dividends and $1M in net buybacks.
The diluted share count rose 28% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from MGPI's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $318M | $347M | $376M | $363M | $396M | $627M | $782M | $837M | $704M | $536M |
| Cost of revenue | $253M | $271M | $292M | $286M | $297M | $428M | $529M | $532M | $417M | $337M |
| Gross profit | $65M | $76M | $84M | $77M | $99M | $199M | $253M | $305M | $286M | $199M |
| Research and development | $916,000 | — | — | — | — | — | — | — | — | — |
| Selling, general and admin | $27M | $33M | $33M | $26M | $42M | $73M | $75M | $91M | $81M | $85M |
| Operating income | $42M | $43M | $50M | $47M | $54M | $126M | $149M | $149M | $74M | -$95M |
| Interest expense | $1M | $1M | $1M | $1M | $2M | $4M | $5M | $7M | $8M | $7M |
| Pre-tax income | $45M | $53M | $49M | $46M | $53M | $121M | $140M | $142M | $68M | -$100M |
| Income tax | $14M | $11M | $12M | $7M | $12M | $30M | $31M | $35M | $34M | $7M |
| Net income | $31M | $42M | $37M | $39M | $40M | $91M | $109M | $107M | $35M | -$108M |
| EPS (diluted) | $1.82 | $2.44 | $2.17 | $2.27 | $2.37 | $4.37 | $4.92 | $4.80 | $1.56 | -$4.99 |
| Diluted shares | 17M | 17M | 17M | 17M | 17M | 21M | 22M | 22M | 22M | 21M |
| Gross margin | 20.5% | 21.9% | 22.2% | 21.1% | 25.0% | 31.7% | 32.4% | 36.4% | 40.7% | 37.2% |
| Operating margin | 13.2% | 12.3% | 13.3% | 13.0% | 13.7% | 20.2% | 19.0% | 17.8% | 10.6% | -17.6% |
| Net margin | 9.8% | 12.0% | 9.9% | 10.7% | 10.2% | 14.6% | 14.0% | 12.8% | 4.9% | -20.1% |
Balance sheet
Fiscal years, from MGPI's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $2M | $3M | $5M | $3M | $22M | $22M | $48M | $18M | $25M | $18M |
| Receivables | $26M | $34M | $39M | $41M | $57M | $93M | $109M | $144M | $148M | $116M |
| Total current assets | $111M | $135M | $155M | $184M | $222M | $367M | $454M | $514M | $546M | $523M |
| Property, plant and equipment | $93M | $103M | $121M | $128M | $132M | $207M | $236M | $262M | $317M | $328M |
| Goodwill | $2M | $2M | — | — | $3M | $226M | $226M | $322M | $248M | $116M |
| Total assets | $225M | $240M | $278M | $323M | $367M | $1.0B | $1.2B | $1.4B | $1.4B | $1.2B |
| Total current liabilities | $37M | $42M | $37M | $39M | $53M | $89M | $105M | $114M | $92M | $200M |
| Long-term debt | $16M | $21M | $21M | $41M | $38M | $35M | $30M | $281M | $317M | $246M |
| Total liabilities | $79M | $72M | $76M | $92M | $104M | $397M | $413M | $543M | $573M | $519M |
| Shareholders' equity | $146M | $169M | $201M | $231M | $263M | $645M | $747M | $850M | $834M | $718M |
| Net debt | $19M | $19M | $16M | $37M | $17M | $14M | -$18M | $262M | $292M | $227M |
Cash flow
Fiscal years, from MGPI's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $20M | $33M | $33M | $20M | $53M | $88M | $89M | $84M | $102M | $122M |
| Capital spending | $18M | $21M | $31M | $17M | $20M | $47M | $45M | $55M | $71M | $45M |
| Free cash flow | $2M | $12M | $2M | $3M | $34M | $41M | $44M | $29M | $31M | $76M |
| Stock-based compensation | $2M | $3M | $3M | $3M | $3M | $6M | $6M | $11M | $4M | $5M |
| Dividends paid | $2M | $17M | $6M | $7M | $8M | $10M | $11M | $11M | $11M | $10M |
| Share buybacks (net) | -$2M | -$5M | -$2M | -$5M | -$4M | -$767,000 | -$715,000 | -$801,000 | -$49M | -$1M |
| Net borrowing | -$2M | $20M | -$372,000 | $20M | -$1M | -$2M | -$3M | $57M | $36M | -$69M |
| Free cash flow margin | 0.6% | 3.6% | 0.6% | 0.8% | 8.5% | 6.5% | 5.6% | 3.4% | 4.4% | 14.2% |
| Dividends per share | $0.12 | $1.04 | $0.33 | $0.40 | $0.48 | $0.48 | $0.48 | $0.48 | $0.48 | $0.48 |
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Open MGPI in InvestinglyQuestions
What was MGPI's revenue in 2025?
$536M in fiscal 2025, from its 10-K filing.
How much free cash flow does MGPI generate?
$76M in fiscal 2025 (operating cash flow minus capital spending).
From MGPI's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.