MGP Ingredients vs Sndl
Sndl is the larger business, with $678m of revenue in fiscal 2025 against $536m for MGP Ingredients (1.3 times as much). Sndl grew faster (0.8% against -23.8%). Sndl kept more of each dollar of sales as profit: a net margin of -1.7% against -20.1%. Sndl carries less debt relative to equity (0.0% against 36.2%).
| Latest fiscal year | MGP IngredientsMGPI, 2025 | SndlSNDL, 2025 |
|---|---|---|
| Revenue | $536m | $678m |
| Revenue growth | -23.8% | 0.8% |
| Net income | −$108m | −$11.3m |
| Operating margin | -17.6% | -0.7% |
| Net margin | -20.1% | -1.7% |
| Return on equity | -13.9% | -1.4% |
| Free cash flow | $76.0m | $41.6m |
| Cash | $18.5m | $184m |
| Total debt | $260m | $0 |
| Debt to equity | 36.2% | 0.0% |
| Dividend per share | $0.48 | — |
| Dividend yield | 2.7% | — |
| Share buybacks | $1.0m | $11.0m |
| Employees | 617 | — |
| Market value | $367m | $348m |
| Price vs our value range | — | Within our value range |
| Moat score | 50 (Moderate) | — |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 0 sales |