Mgp Ingredients (MGPI) Tax Rate (2010 - 2026)
Mgp Ingredients' (MGPI) quarterly Tax Rate came in at 20.32% in Q2 2026, down 267.0% year-over-year from 12.17% in Q2 2025, and down 10.96% quarter-over-quarter from 22.82% in Q1 2026.
Analysis
Mgp Ingredients (MGPI) Tax Rate (2010 - 2026) Analysis & Trends
Mgp Ingredients (MGPI) has reported Tax Rate for 17 consecutive years, with 20.32% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Tax Rate fell 267.0% year-over-year to 20.32% in Q2 2026; TTM through Jun 2026 was 12.41%, a 13035.0% decrease from a year earlier, with the FY2025 full-year figure at 7.46%, down 5710.0% from the prior year.
- Tax Rate was 20.32% for Q2 2026 at Mgp Ingredients, down from 22.82% 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 15.97% and a median of 23.0% in 2022 frame the typical range for Tax Rate.
- Across the five-year window, Tax Rate tumbled 5543 bps in 2024 and soared 5095 bps in 2026, its largest moves.
- Over 5 years, Tax Rate stood at 18.95% in 2022, then gained by 26 bps to 23.96% in 2023, then plunged by 231 bps to 31.47% in 2024, then jumped by 104 bps to 1.3% in 2025, then jumped by 1463 bps to 20.32% in 2026.
- The last three Tax Rate figures came in at 20.32% (Q2 2026), 22.82% (Q1 2026), and 1.3% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Brown Forman | 12.37 Bn | 12.07 Bn | 549.00 Mn | 23.14% |
| 2 | Mgp Ingredients | 322.89 Mn | 305.10 Mn | 46.47 Mn | 20.32% |
| 3 | Agencia Comercial Spirits | 217.05 Mn | 201.22 Mn | - | - |
| 4 | Crimson Wine | 92.64 Mn | 80.79 Mn | 8.62 Mn | 24.95% |
| 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 | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 20.32% |
| Mar 31, 2026 | 22.82% |
| Dec 31, 2025 | 1.30% |
| Sep 30, 2025 | 21.70% |
| Jun 30, 2025 | 22.99% |
| Mar 31, 2025 | -28.12% |
| Dec 31, 2024 | -31.47% |
| Sep 30, 2024 | 24.05% |
| Jun 30, 2024 | 24.00% |
| Mar 31, 2024 | 23.33% |
| Dec 31, 2023 | 23.96% |
| Sep 30, 2023 | 25.04% |
| Jun 30, 2023 | 25.26% |
| Mar 31, 2023 | 23.73% |
| Dec 31, 2022 | 18.95% |
| Sep 30, 2022 | 24.17% |
| Jun 30, 2022 | 22.44% |
| Mar 31, 2022 | 23.00% |
| Dec 31, 2021 | 26.78% |
| Sep 30, 2021 | 24.48% |