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
DateValue
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%