MGP Ingredients vs Zevia PBC
MGP Ingredients is the larger business, with $536m of revenue in fiscal 2025 against $161m for Zevia PBC (3.3 times as much). Zevia PBC grew faster (4.0% against -23.8%). Zevia PBC kept more of each dollar of sales as profit: a net margin of -6.2% against -20.1%. Zevia PBC carries less debt relative to equity (0.0% against 36.2%).
| Latest fiscal year | MGP IngredientsMGPI, 2025 | Zevia PBCZVIA, 2025 |
|---|---|---|
| Revenue | $536m | $161m |
| Revenue growth | -23.8% | 4.0% |
| Net income | −$108m | −$9.9m |
| Operating margin | -17.6% | -7.3% |
| Net margin | -20.1% | -6.2% |
| Return on equity | -13.9% | -17.1% |
| Free cash flow | $76.0m | −$5.0m |
| Cash | $18.5m | $25.4m |
| Total debt | $260m | $0 |
| Debt to equity | 36.2% | 0.0% |
| Dividend per share | $0.48 | — |
| Dividend yield | 2.7% | — |
| Share buybacks | $1.0m | — |
| Employees | 617 | 88 |
| Market value | $367m | $84.0m |
| Price vs our value range | — | — |
| Moat score | 50 (Moderate) | 43 (Weak) |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 8 sales |