Mgp Ingredients (MGPI) Gross Margin (2010 - 2026)
Mgp Ingredients (MGPI) posted quarterly Gross Margin of 37.37% for Q2 2026, down 276.0% year-over-year from 21.23% in Q2 2025, and up 18.43% quarter-over-quarter from 31.55% in Q1 2026.
Mgp Ingredients (MGPI) Gross Margin (2010 - 2026) Analysis & Trends
Mgp Ingredients (MGPI) has reported Gross Margin for 17 consecutive years, with 37.37% the latest figure, recorded in Q2 2026.
- In Q2 2026, Gross Margin fell 276.0% year-over-year to 37.37%; the TTM figure through Jun 2026 stood at 35.55% (down 416.0% YoY), while the FY2025 annual figure was 37.18%, down 351.0% from the prior year.
- Gross Margin rose to 37.37% in Q2 2026 per MGPI's latest filing, from 31.55% in the prior quarter.
- Across five years, Gross Margin topped out at 43.62% in Q2 2024 and bottomed at 29.36% in Q3 2022.
- Historically, Gross Margin has averaged 36.38% across 5 years, with a median of 36.65% in 2022.
- Annual changes were most pronounced in 2024 — Gross Margin jumped 712 bps — and 2025, when it tumbled 630 bps.
- Mgp Ingredients' Gross Margin stood at 33.1% in 2022, then grew by 20 bps to 39.62% in 2023, then rose by 4 bps to 41.19% in 2024, then declined by 15 bps to 34.89% in 2025, then gained by 7 bps to 37.37% in 2026.
- Business Quant data shows MGPI's Gross Margin at 37.37% in Q2 2026, 31.55% in Q1 2026, and 34.89% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Diageo | 209.10 Bn | 202.28 Bn | - | - |
| 2 | Brown Forman | 13.45 Bn | 13.14 Bn | 571.00 Mn | 49.27% |
| 3 | Mgp Ingredients | 381.51 Mn | 363.71 Mn | 46.47 Mn | 37.37% |
| 4 | Agencia Comercial Spirits | 235.51 Mn | 219.68 Mn | - | - |
| 5 | Crimson Wine | 87.49 Mn | 75.65 Mn | 8.62 Mn | 42.11% |
| 6 | Epsium Enterprise | 13.22 Mn | 7.43 Mn | - | - |
| 7 | Willamette Valley Vineyards | 11.38 Mn | 11.38 Mn | - | - |
| 8 | Splash Beverage | 527,531.83 | 146,336.83 | 1,848.00 | 43.75% |
| 9 | LQR House | 371,643.69 | -4.09 Mn | -22,236.00 | -9.99% |
| 10 | Sndl | 358,712.23 | -146.60 Mn | 40.74 Mn | 23.90% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 37.37% |
| Mar 31, 2026 | 31.55% |
| Dec 31, 2025 | 34.89% |
| Sep 30, 2025 | 37.76% |
| Jun 30, 2025 | 40.13% |
| Mar 31, 2025 | 35.62% |
| Dec 31, 2024 | 41.19% |
| Sep 30, 2024 | 40.76% |
| Jun 30, 2024 | 43.62% |
| Mar 31, 2024 | 36.82% |
| Dec 31, 2023 | 39.62% |
| Sep 30, 2023 | 34.71% |
| Jun 30, 2023 | 36.50% |
| Mar 31, 2023 | 34.74% |
| Dec 31, 2022 | 33.10% |
| Sep 30, 2022 | 29.36% |
| Jun 30, 2022 | 30.37% |
| Mar 31, 2022 | 36.79% |
| Dec 31, 2021 | 31.62% |
| Sep 30, 2021 | 32.32% |