BRC vs MGP Ingredients
MGP Ingredients is the larger business, with $536m of revenue in fiscal 2025 against $398m for BRC (1.3 times as much). BRC grew faster (1.7% against -23.8%). BRC kept more of each dollar of sales as profit: a net margin of -3.0% against -20.1%. MGP Ingredients carries less debt relative to equity (36.2% against 85.6%).
| Latest fiscal year | BRCBRCC, 2025 | MGP IngredientsMGPI, 2025 |
|---|---|---|
| Revenue | $398m | $536m |
| Revenue growth | 1.7% | -23.8% |
| Net income | −$11.9m | −$108m |
| Operating margin | -6.2% | -17.6% |
| Net margin | -3.0% | -20.1% |
| Return on equity | -40.5% | -13.9% |
| Free cash flow | −$13.5m | $76.0m |
| Cash | $4.3m | $18.5m |
| Total debt | $39.1m | $260m |
| Debt to equity | 85.6% | 36.2% |
| Dividend per share | — | $0.48 |
| Dividend yield | — | 2.7% |
| Share buybacks | — | $1.0m |
| Employees | 468 | 617 |
| Market value | $118m | $367m |
| Price vs our value range | — | — |
| Moat score | 30 (Weak) | 50 (Moderate) |
| Insider trades, 12 months | 6 buys, 9 sales | 0 buys, 0 sales |