Mgp Ingredients (MGPI) Gross Margin (2010 - 2026)

Mgp Ingredients (MGPI) reported Gross Margin of 31.55% for Q1 2026, down 406.0% year-over-year from 10.31% in Q1 2025, and down 9.56% quarter-over-quarter from 34.89% in Q4 2025.

Mgp Ingredients (MGPI) Gross Margin (2010 - 2026) Analysis & Trends

Mgp Ingredients (MGPI) has 17 years of Gross Margin data on file, last reported at 31.55% in Q1 2026.

  • Gross Margin for Q1 2026 came in at 31.55%, down 406.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 36.39% (down 437.0% YoY), and the FY2025 annual result was 37.18%, down 351.0% from the prior year.
  • Gross Margin declined to 31.55% in Q1 2026 per MGPI's latest filing, from 34.89% in the prior quarter.
  • Over five years, Gross Margin peaked at 43.62% in Q2 2024 and troughed at 29.36% in Q3 2022.
  • A 5-year average of 36.33% and a median of 36.5% in 2023 frame the typical range for Gross Margin.
  • The sharpest annual moves came in 2024 and 2025: Gross Margin jumped 712 bps in 2024, then tumbled 630 bps in 2025.
  • A 5-year view of Gross Margin shows it stood at 33.1% in 2022, then climbed by 20 bps to 39.62% in 2023, then increased by 4 bps to 41.19% in 2024, then dropped by 15 bps to 34.89% in 2025, then fell by 10 bps to 31.55% in 2026.
  • Business Quant data shows MGPI's Gross Margin at 31.55% in Q1 2026, 34.89% in Q4 2025, and 37.76% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Diageo 179,394,718.17 Bn 179,394,718.17 Bn - -
2 Sndl 2.36 Bn 2.20 Bn 38.51 Mn 26.96%
3 Mgp Ingredients 351.86 Mn 339.85 Mn 33.58 Mn 31.55%
4 Agencia Comercial Spirits 246.49 Mn 230.66 Mn - -
5 LQR House 18.69 Mn 14.23 Mn -22,236.00 -9.99%
6 Willamette Valley Vineyards 13.89 Mn 13.49 Mn 5.03 Mn 60.91%
7 Epsium Enterprise 5.34 Mn 3.32 Mn - -
8 Splash Beverage 854,741.06 473,546.06 1,848.00 43.75%
9 Diageo - - - -
10 Splash Beverage - - 1,848.00 43.75%

Historic Data

Download Data
DateValue
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%
Jun 30, 2021 32.48%