Mgp Ingredients (MGPI) Tax Rate (2010 - 2026)
Mgp Ingredients (MGPI) reported Tax Rate of 22.91% for Q3 2026, up 1.21 percentage points from 21.70% a year earlier and up 2.59 percentage points from the prior quarter.
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Analysis
Mgp Ingredients (MGPI) Tax Rate (2010 - 2026) Analysis & Trends
For FY2024, Mgp Ingredients posted Tax Rate of 49.64%, up 25.22 percentage points from FY2023.
- Tax Rate has a five-year change of +34.09 percentage points (FY2019 to FY2024).
- By year, Tax Rate came in at 24.42% in FY2023 (+2.09 pp), 22.33% in FY2022 (-2.67 pp), 25.00% in FY2021 (+1.70 pp) and 23.30% in FY2020 (+7.75 pp).
- The Q3 2026 figure ranks as the highest quarterly Tax Rate since Q2 2025.
- Year over year, Tax Rate gained in 1 of the last four quarters, with an average year-over-year change of -1.20 percentage points.
- The high point for year-over-year Tax Rate in five years was Q4 2023 (a gain of 5.01 percentage points); the low point was Q4 2022 (a drop of 7.83 percentage points).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Coca Cola | 413.22 Bn | 399.53 Bn | 8.45 Bn | 16.08% |
| 2 | Diageo | 224.45 Bn | 204.52 Bn | - | - |
| 3 | Coca Cola Femsa Sab De Cv | 196.49 Bn | 189.17 Bn | - | - |
| 4 | Pepsico | 192.84 Bn | 150.60 Bn | 13.75 Bn | 21.36% |
| 5 | Anheuser-Busch InBev | 148.28 Bn | 110.64 Bn | - | - |
| 6 | Monster Beverage | 88.63 Bn | 76.88 Bn | 1.42 Bn | 23.91% |
| 7 | Coca-Cola Europacific Partners | 53.10 Bn | 46.73 Bn | - | - |
| 8 | Keurig Dr Pepper | 50.04 Bn | 46.09 Bn | 3.07 Bn | 31.15% |
| 9 | Ambev | 43.10 Bn | 28.94 Bn | - | - |
| 10 | Mgp Ingredients | 380.19 Mn | 319.97 Mn | 40.46 Mn | 22.91% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 22.91% |
| Jun 30, 2026 | 20.32% |
| Sep 30, 2025 | 21.70% |
| Jun 30, 2025 | 22.99% |
| 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% |
| Jun 30, 2021 | 24.22% |
| Mar 31, 2021 | 23.03% |
| Dec 31, 2020 | 23.73% |
API Access
Mgp Ingredients Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=MGPI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "MGPI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=MGPI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();