Flagship explainer

How MGP INGREDIENTS, INC. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$536M · 100%Cost of revenue$337M · 63%Gross profit$199M · 37%Operating income−$94.6M · −18%Income before tax−$100M · −19%Income tax$7.5M · 1%Net income−$108M · −20%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$536M100%
Cost of revenue$337M63%
$199M37%
−$94.6M−18%
Income before tax−$100M−19%
Income tax$7.5M1%
−$108M−20%
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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