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MGP Ingredients cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$27.2M in Q3 2026 · $527K over twelve months

Operating cash flow$31.9M
Capital spending−$4.7M
Free cash flow+$27.2M
Cash / net income4.6×
Cash conversion cycle24 days

Analysis

In Q3 2026, MGP Ingredients generated $31.9M of operating cash flow and spent $4.7M on capital projects, leaving free cash flow of $27.2M. That is $361K less than in Q3 2025 ($27.6M).

Over the twelve months to Sep 30, 2026, operating cash flow was $20.2M; the largest uses were other financing ($62.1M), capital spending ($19.7M), dividends ($10.4M); besides operations, cash came from net borrowing (+) / repaid (−) ($71.6M), other investing ($1.6M); the cash balance rose by $154K.

Operating cash flow was $31.9M against net income of $6.9M — 4.6× profit, cash ran ahead of reported earnings. The largest differences: receivables +$9.0M, inventory +$7.4M, depreciation & amortization +$6.4M.

Its cash conversion cycle was 24 days (receivables 77 + inventory 0 − payables 54).

Free cash flow

MGP Ingredients: free cash flow by quarterMGP Ingredients: free cash flow by quarter$10.4MQ4 2024$24.8MQ1 2025−$557KQ2 2025$27.6MQ3 2025$24.3MQ4 2025$1.2MQ1 2026−$52.2MQ2 2026$27.2MQ3 2026
Operating cash flow less capital spending.
MGP Ingredients: operating cash flow against capital spendingMGP Ingredients: operating cash flow against capital spendingOperating cash flowCapital spending$28.8M$18.3MQ4 2024$44.7M$19.9MQ1 2025$11.7M$12.2MQ2 2025$36.1M$8.5MQ3 2025$29.1M$4.8MQ4 2025$7.0M$5.7MQ1 2026−$47.7M$4.5MQ2 2026$31.9M$4.7MQ3 2026
Latest (Q3 2026): Operating cash flow $31.9M, Capital spending $4.7M.

Capital allocation, year by year

MGP Ingredients: where the cash came from (up) and went (down), by fiscal yearMGP Ingredients: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingAsset salesCapital spendingAcquisitionsBuybacksDividendsFY2021: Operating cash flow $88.3MFY2021: Net borrowing $200MFY2021: Capital spending −$47.4MFY2021: Acquisitions −$149MFY2021: Buybacks −$767KFY2021: Dividends −$10.0M$288MFY2021FY2022: Operating cash flow $88.9MFY2022: Net borrowing −$3.4MFY2022: Asset sales $150KFY2022: Capital spending −$45.3MFY2022: Buybacks −$715KFY2022: Dividends −$10.6M$89.1MFY2022FY2023: Operating cash flow $83.8MFY2023: Net borrowing $57.4MFY2023: Capital spending −$55.3MFY2023: Acquisitions −$104MFY2023: Buybacks −$801KFY2023: Dividends −$10.7M$141MFY2023FY2024: Operating cash flow $102MFY2024: Net borrowing $35.6MFY2024: Capital spending −$71.2MFY2024: Buybacks −$48.8MFY2024: Dividends −$10.6M$138MFY2024FY2025: Operating cash flow $122MFY2025: Net borrowing −$69.4MFY2025: Capital spending −$45.5MFY2025: Buybacks −$1.0MFY2025: Dividends −$10.3M$122MFY2025
Over these 5 years operating cash flow totalled $485M; the largest uses were capital spending ($265M) and acquisitions ($253M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$13.6M
Debt$341M
Net debt$328M
Due within a year$6.4M

MGP Ingredients funds itself: free cash flow was $527K over the last twelve months, and $13.6M of cash and investments stands against $341M of debt ($6.4M due within a year, 2.1× covered by cash).

MGP Ingredients: debt maturities by year (FY2025)MGP Ingredients: debt maturities by year (FY2025)$6.4MYear 1$5.6MYear 2$3.2MYear 3$1.6MYear 4$42.0MYear 5$201MAfter year 5
Principal due in each year as disclosed in the annual report, against $13.6M of cash and investments now.

Where the cash came from and went

MGP Ingredients: sources (+) and uses (−) of cash, Q3 2026MGP Ingredients: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$31.9MNet borrowing (+) / repaid (−)−$28.6MCapital spending−$4.7MCash drawn (+) / kept (−)$4.2MDividends−$2.6MOther investing−$154KBuybacks−$35KExchange rates−$16K
MGP Ingredients: sources (+) and uses (−) of cash, TTM to Q3 2026MGP Ingredients: sources (+) and uses (−) of cash, TTM to Q3 2026Net borrowing (+) / repaid (−)$71.6MOther financing−$62.1MOperating cash flow$20.2MCapital spending−$19.7MDividends−$10.4MOther investing$1.6MBuybacks−$921KExchange rates−$164KCash drawn (+) / kept (−)−$154K

From profit to cash

MGP Ingredients: net income to operating cash flow, Q3 2026MGP Ingredients: net income to operating cash flow, Q3 2026Net income$6.9MDepreciation & amortization$6.4MStock-based pay$1.7MOther non-cash$257KReceivables$9.0MInventory$7.4MPayables−$5.7MAccrued liabilities$4.5MPrepaid and other assets$1.6MIncome taxes payable$1.0MOperating cash flow$31.9M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 202677—5424
Q2 202670—5713
Q1 202686—6421
Q4 202574—5024
Q3 202579—4831
Q2 202570—5020
Q1 202595—6925
Q4 202471—5219

Every quarter

QuarterOperating cash flowCapital spendingBuybacksDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$31.9M−$4.7M−$35K−$2.6M−$28.6M$4.2M$27.2M
Q2 2026−$47.7M−$4.5M—−$2.6M$124M−$7.4M−$52.2M
Q1 2026$7.0M−$5.7M−$886K−$2.6M−$7.6M$8.1M$1.2M
Q4 2025$29.1M−$4.8M—−$2.6M−$16.6M−$5.0M$24.3M
Q3 2025$36.1M−$8.5M—−$2.6M−$28.6M$3.9M$27.6M
Q2 2025$11.7M−$12.2M—−$2.6M—$2.8M−$557K
Q1 2025$44.7M−$19.9M−$1.0M−$2.6M−$26.6M$5.2M$24.8M
Q4 2024$28.8M−$18.3M−$36.5M−$2.6M$33.4M−$4.5M$10.4M

MGP Ingredients: income statement and cash flow

MGP Ingredients, Q3 2026: revenue $118M (-10% year over year), operating margin 10.2%. The chart follows the revenue to costs, profit and cash.

MGP Ingredients: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.