Mgp Ingredients (MGPI) Gross Margin (2010 - 2026)
Mgp Ingredients' (MGPI) quarterly Gross Margin came in at 37.37% in 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.
Analysis
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.
- On a quarterly basis, Gross Margin fell 276.0% year-over-year to 37.37% in Q2 2026; TTM through Jun 2026 was 35.55%, a 416.0% decrease from a year earlier, with the FY2025 full-year figure at 37.18%, down 351.0% from the prior year.
- Gross Margin was 37.37% for Q2 2026 at Mgp Ingredients, up from 31.55% 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 36.38% and a median of 36.65% in 2022 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin soared 712 bps in 2024 and plunged 630 bps in 2025, its largest moves.
- Over 5 years, Gross Margin stood at 33.1% in 2022, then advanced by 20 bps to 39.62% in 2023, then grew by 4 bps to 41.19% in 2024, then slipped by 15 bps to 34.89% in 2025, then increased by 7 bps to 37.37% in 2026.
- The last three Gross Margin figures came in at 37.37% (Q2 2026), 31.55% (Q1 2026), and 34.89% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Brown Forman | 12.37 Bn | 12.07 Bn | 549.00 Mn | 46.49% |
| 2 | Mgp Ingredients | 322.89 Mn | 305.10 Mn | 46.47 Mn | 37.37% |
| 3 | Agencia Comercial Spirits | 217.05 Mn | 201.22 Mn | - | - |
| 4 | Crimson Wine | 92.64 Mn | 80.79 Mn | 8.62 Mn | 42.11% |
| 5 | Beeline Holdings | 15.21 Mn | 13.51 Mn | - | - |
| 6 | Willamette Valley Vineyards | 10.76 Mn | 10.76 Mn | - | - |
| 7 | Endovia Health Sciences | 778,792.34 | 536,090.34 | - | - |
| 8 | LQR House | 301,948.67 | -7.03 Mn | 45,902.00 | 13.27% |
Historic Data
Download Data
Historic 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% |