MGP Ingredients, Inc. MGPI

Competitive advantage analysis · consumer-defensive

Corporate Default
Overall moat score
44/100
Developing

About MGP Ingredients, Inc.

MGP Ingredients, Inc. produces and supplies distilled spirits, branded spirits, and food ingredients worldwide. It operates in three segments: Distillery Solutions, Branded Spirits, and Ingredient Solutions. The Distillery Solutions segment processes corn and other grains, including rye, barley, wheat, barley malt, and milo into food grade alcohol and distillery co-products, such as dried distillers' grain; and offers food-grade alcohol for … Full MGPI analysis →

Competitive advantage assessment

Key strengths

  • Cash Generation Consistent Cash generation is consistent (score 0.75), indicating reliable business model.

Key risks

  • ROIC Below WACC or Peers ROIC at 20.0th percentile suggests inefficient capital deployment.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Developing
40

Where MGPI ranks in Beverages - Wineries & Distilleries

MGP Ingredients, Inc. ranks #7 of 14 scored companies in Beverages - Wineries & Distilleries by moat score — the top 50%. The widest moat in the group is Brown Forman Inc (BF-A) at 92/100.

Moat scores for companies ranked near MGPI in Beverages - Wineries & Distilleries
# Company Moat score Rating
3 Willamette Valley Vineyards, In WVVIP 71/100 Moderate
4 Diageo plc DEO 67/100 Moderate
5 Willamette Valley Vineyards, In WVVI 64/100 Moderate
6 SNDL Inc. SNDL 49/100 Developing
7 MGP Ingredients, Inc. MGPI 44/100 Developing
8 Innovation Beverage Group Limit IBG 43/100 Developing
9 LQR House Inc. YHC 26/100 Developing
10 Splash Beverage Group, Inc. (NV SBEV 16/100 Weak
11 Eastside Distilling, Inc. BLNE 12/100 Weak

See every General Corporate company ranked by moat score →

How MGPI scores on the Corporate Default defenses

Pricing Power

Score 40 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 65 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 58 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 32 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 45 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 40 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding MGPI's moat

What is MGP Ingredients, Inc.'s moat score?

MGP Ingredients, Inc. (MGPI) scores 44 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #7 of 14 scored companies in Beverages - Wineries & Distilleries, the top 50%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 13 companies in Beverages - Wineries & Distilleries. Its strongest defense is Cost Advantage (65/100) and its weakest is Capital Efficiency (32/100).

How does MGP Ingredients, Inc. compare with other Beverages - Wineries & Distilleries companies?

MGP Ingredients, Inc. ranks #7 of 14 scored companies in Beverages - Wineries & Distilleries by moat score. The widest moat in Beverages - Wineries & Distilleries is Brown Forman Inc (BF-A) at 92/100. The companies ranked closest are SNDL Inc. (SNDL) at 49 just above it and Innovation Beverage Group Limit (IBG) at 43 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 13 companies in Beverages - Wineries & Distilleries. The defenses are then weighted to produce the overall score out of 100.

Why is MGP Ingredients, Inc. scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for MGP Ingredients, Inc.?

The Corporate Default template measures 6 defenses, and MGPI scores: Pricing Power (40), Cost Advantage (65), Customer Stickiness (58), Capital Efficiency (32), Resilience (45), Scale & Market Position (40). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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