Mgp Ingredients (MGPI) Tax Rate (2010 - 2026)
Mgp Ingredients (MGPI) reported Tax Rate of 22.82% for Q1 2026, up 5095.0% year-over-year from 0.44% in Q1 2025, and up 1655.85% quarter-over-quarter from 1.3% in Q4 2025.
Mgp Ingredients (MGPI) Tax Rate (2010 - 2026) Analysis & Trends
Mgp Ingredients (MGPI) has 17 years of Tax Rate data on file, last reported at 22.82% in Q1 2026.
- Tax Rate for Q1 2026 came in at 22.82%, up 5095.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 12.12% (down 6027.0% YoY), and the FY2025 annual result was 7.46%, down 5710.0% from the prior year.
- Tax Rate improved to 22.82% in Q1 2026 per MGPI's latest filing, from 1.3% in the prior quarter.
- Over five years, Tax Rate peaked at 25.26% in Q2 2023 and troughed at 31.47% in Q4 2024.
- A 5-year average of 15.72% and a median of 23.0% in 2022 frame the typical range for Tax Rate.
- The sharpest annual moves came in 2024 and 2026: Tax Rate slumped 5543 bps in 2024, then jumped 5095 bps in 2026.
- A 5-year view of Tax Rate shows it stood at 18.95% in 2022, then advanced by 26 bps to 23.96% in 2023, then tumbled by 231 bps to 31.47% in 2024, then surged by 104 bps to 1.3% in 2025, then jumped by 1656 bps to 22.82% in 2026.
- Business Quant data shows MGPI's Tax Rate at 22.82% in Q1 2026, 1.3% in Q4 2025, and 21.7% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Diageo | 179,394,718.17 Bn | 179,394,718.17 Bn | - | - |
| 2 | Sndl | 2.36 Bn | 2.20 Bn | 38.51 Mn | - |
| 3 | Mgp Ingredients | 351.86 Mn | 339.85 Mn | 33.58 Mn | 22.82 |
| 4 | Agencia Comercial Spirits | 246.49 Mn | 230.66 Mn | - | - |
| 5 | LQR House | 18.69 Mn | 14.23 Mn | -22,236.00 | - |
| 6 | Willamette Valley Vineyards | 13.89 Mn | 13.49 Mn | 5.03 Mn | 25.50 |
| 7 | Epsium Enterprise | 5.34 Mn | 3.32 Mn | - | - |
| 8 | Splash Beverage | 854,741.06 | 473,546.06 | 1,848.00 | - |
| 9 | Diageo | - | - | - | - |
| 10 | Splash Beverage | - | - | 1,848.00 | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 22.82% |
| Mar 31, 2026 | 22.82% |
| Dec 31, 2025 | 1.30% |
| Dec 31, 2025 | 1.30% |
| Sep 30, 2025 | 21.70% |
| Sep 30, 2025 | 21.70% |
| Jun 30, 2025 | 22.99% |
| Jun 30, 2025 | 22.99% |
| Mar 31, 2025 | -28.12% |
| Mar 31, 2025 | -28.12% |
| Dec 31, 2024 | -31.47% |
| Dec 31, 2024 | -31.47% |
| Sep 30, 2024 | 24.05% |
| Sep 30, 2024 | 24.05% |
| Jun 30, 2024 | 24.00% |
| Jun 30, 2024 | 24.00% |
| Mar 31, 2024 | 23.33% |
| Mar 31, 2024 | 23.33% |
| Dec 31, 2023 | 23.96% |
| Dec 31, 2023 | 23.96% |