Mgp Ingredients (MGPI) Tax Rate (2010 - 2026)
Mgp Ingredients (MGPI) posted quarterly Tax Rate of 20.32% for 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.
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.
- In Q2 2026, Tax Rate fell 267.0% year-over-year to 20.32%; the TTM figure through Jun 2026 stood at 12.41% (down 13035.0% YoY), while the FY2025 annual figure was 7.46%, down 5710.0% from the prior year.
- Tax Rate fell to 20.32% in Q2 2026 per MGPI's latest filing, from 22.82% in the prior quarter.
- Across five years, Tax Rate topped out at 25.26% in Q2 2023 and bottomed at 31.47% in Q4 2024.
- Historically, Tax Rate has averaged 15.97% across 5 years, with a median of 23.0% in 2022.
- Annual changes were most pronounced in 2024 — Tax Rate slumped 5543 bps — and 2026, when it jumped 5095 bps.
- Mgp Ingredients' Tax Rate stood at 18.95% in 2022, then climbed by 26 bps to 23.96% in 2023, then plunged by 231 bps to 31.47% in 2024, then soared by 104 bps to 1.3% in 2025, then soared by 1463 bps to 20.32% in 2026.
- Business Quant data shows MGPI's Tax Rate at 20.32% in Q2 2026, 22.82% in Q1 2026, and 1.3% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Diageo | 210.11 Bn | 203.30 Bn | - | - |
| 2 | Brown Forman | 13.51 Bn | 13.21 Bn | 571.00 Mn | 23.94% |
| 3 | Mgp Ingredients | 387.51 Mn | 369.72 Mn | 46.47 Mn | 20.32% |
| 4 | Agencia Comercial Spirits | 235.51 Mn | 219.68 Mn | - | - |
| 5 | Crimson Wine | 87.49 Mn | 75.65 Mn | 8.62 Mn | 24.95% |
| 6 | Epsium Enterprise | 13.36 Mn | 7.57 Mn | - | - |
| 7 | Willamette Valley Vineyards | 10.76 Mn | 10.76 Mn | - | - |
| 8 | Splash Beverage | 536,097.50 | 154,902.50 | 1,848.00 | - |
| 9 | LQR House | 373,908.50 | -4.09 Mn | -22,236.00 | - |
| 10 | Sndl | 356,122.25 | -146.61 Mn | 40.74 Mn | -17.72% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 20.32% |
| Jun 30, 2026 | 20.32% |
| Jun 30, 2026 | 20.32% |
| Mar 31, 2026 | 22.82% |
| Mar 31, 2026 | 22.82% |
| Mar 31, 2026 | 22.82% |
| Dec 31, 2025 | 1.30% |
| Dec 31, 2025 | 1.30% |
| Dec 31, 2025 | 1.30% |
| Sep 30, 2025 | 21.70% |
| Sep 30, 2025 | 21.70% |
| Sep 30, 2025 | 21.70% |
| Jun 30, 2025 | 22.99% |
| Jun 30, 2025 | 22.99% |
| Jun 30, 2025 | 22.99% |
| Mar 31, 2025 | -28.12% |
| Mar 31, 2025 | -28.12% |
| Mar 31, 2025 | -28.12% |
| Dec 31, 2024 | -31.47% |
| Dec 31, 2024 | -31.47% |