Forensic Analysis · Consumer Staples / Food & Beverage · as of Jun 28, 2026
MGP INGREDIENTS INC (MGPI)
A forensic read on MGP INGREDIENTS INC built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
B · Sound & dependable
Forensic grade
Safe
Financial health
3.8
Altman Z-score
Clean
Earnings quality
3
Forensic signals
-32.0%
ROE
$366M
Market cap
2.94%
Dividend yield
MGP INGREDIENTS INC earns a B (Sound & dependable) forensic quality grade, and its Altman Z-score is 3.8, placing it in the Safe zone. 3 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
-7%Return on invested capital.Return on invested capital is -7% and slipping from 11% — well below its ~8% cost of capital, so reinvested dollars may be destroying value, not building it.
$206MGoodwill impairments.Took $206M of goodwill writedowns across 2 year(s) (FY2024 ($74M), FY2025 ($132M)). Writedowns mean past acquisitions underperformed what was paid for them — worth weighing on capital-allocation skill.
-3%Dividend — cut.The payout was CUT ~3% in FY2025 (from FY2024). It still returns some cash, but it is NOT the dependable, rising dividend an unbroken streak implies — weigh the cut when judging reliability.
Key fundamentals
Net Margin-20.1%
Debt / Equity0.35x
Free Cash Flow$76.0M
Latest Revenue$536.4M
Return on Equity-15.0%
Revenue Growth YoY-23.8%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on MGP INGREDIENTS INC:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about MGPI's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown