MCGRATH RENTCORP MGRC

Technology SIC 7359 - Services-Equipment Rental & Leasing, NEC NAICS Real Estate and Rental and Leasing › Rental and Leasing Services derived Nasdaq

McGrath RentCorp (the "Company") is a California corporation organized in 1979 with corporate offices located in Livermore, California. The Company's common stock is traded on the NASDAQ Global Select Market under the symbol "MGRC". References in this report to the "Company", "we", "us", and "ours" refer to McGrath RentCorp and its subsidiaries, unless the context requires otherwise.

The Company is a diversified business-to-business rental company with three rental divisions: relocatable modular buildings, portable storage containers and electronic test equipment. Although the Company's primary emphasis is on equipment rentals, sales of equipment occur in the normal course of business. At December 31, 2025, the Company was comprised of four reportable business segments: (1) its modular building segment ("Mobile Modular"); (2) its portable storage container segment ("Portable Storage"); (3) its electronic test equipment segment ("TRS-RenTelco"); and (4) its classroom manufacturing business selling modular buildings used primarily as classrooms in California ("Enviroplex").

Last close 117.16 2026-10-23
Market cap $2.86B 2026-06-30 share count
52-week range 94.99 - 125.83

Valuation FY2025 figures against the last close

P/S3.0x
P/E18.5x
P/FCF13.5x
EV/EBITDA8.2x
Dividend yield1.7%
Diluted EPS6.35

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $944.2M$910.9M$831.8M$635.7M$534.6M$128.4M$115.3M$96.6M$94.5M$76.8M
Cost of revenue $489.3M$475.5M$438.2M$345.5M$287.3M$308.8M$304.1M$265.1M$255.7M$239.9M
Gross profit $455.0M$435.4M$393.6M$290.2M$247.3M$263.7M$266.2M$233.3M$206.3M$184.2M
SG&A $211.4M$200.4M$207.5M$142.9M$123.1M$123.0M$124.8M$115.8M$111.6M$104.9M
Operating income $243.6M$244.3M$189.7M$147.3M$124.3M$140.8M$141.4M$117.5M$94.7M$79.3M
Interest expense —$47.2M$40.6M$12.2M$8.2M$8.8M$12.3M$12.3M$11.6M$12.2M
Pre-tax income $213.1M$313.6M$149.5M$134.7M$115.8M$132.0M$129.1M$104.7M$83.5M$66.9M
Income tax $56.8M$81.9M$37.6M$31.4M$30.7M$30.1M$32.3M$25.3M$70.5M$28.7M
Net income $156.3M$231.7M$174.6M$115.1M$89.7M$102.0M$96.8M$79.4M$153.9M$38.3M
EPS, basic 6.359.447.144.733.704.223.993.296.411.60
EPS, diluted 6.359.437.124.703.664.163.933.246.341.60
Shares, diluted (wtd. avg.) 24.6M24.6M24.5M24.5M24.5M24.5M24.6M24.5M24.3M24.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $295.0K$807.0K$877.0K$957.0K$1.5M$1.2M$2.3M$1.5M$2.5M$852.0K
Inventory $8.0M$14.3M$8.0M———————
Property, plant and equipment $218.8M$182.3M$154.3M$138.7M$135.3M$136.2M$131.0M$126.9M$119.2M$112.2M
Goodwill $332.6M$323.2M$323.2M$106.4M$132.4M$28.2M$28.2M$27.8M$27.8M$27.8M
Other intangibles $46.6M$54.3M$64.6M$35.4M$47.0M$7.1M$7.3M$7.3M$7.7M$8.6M
Total assets $2.36B$2.28B$2.22B$1.71B$1.60B$1.28B$1.28B$1.24B$1.15B$1.13B
Total liabilities $1.12B$1.15B$1.28B$903.9M$863.9M$593.1M$675.8M$645.8M$623.7M$734.0M
Retained earnings $1.12B$1.01B$822.8M$693.9M$623.5M$576.4M$527.7M$467.8M$421.4M$292.5M
Total equity $1.24B$1.12B$933.8M$803.9M$732.0M$682.6M$634.0M$571.5M$524.2M$394.3M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $255.7M$374.4M$95.3M$194.4M$195.7M$180.5M$188.0M$142.7M$122.4M$140.7M
Depreciation and amortisation $107.1M$107.5M$109.4M$111.3M$106.7M$94.6M$89.5M$82.0M$78.4M$81.2M
Stock-based compensation $11.2M$9.5M$8.3M$8.0M$7.7M$5.5M$5.9M$4.1M$3.2M$3.1M
Capital expenditure $44.4M$40.2M$44.0M$17.6M$2.7M$13.7M$12.1M$15.7M$14.6M$10.5M
Investing cash flow -$127.1M-$150.8M-$391.9M-$131.4M-$351.7M-$53.0M-$143.1M-$104.5M-$70.9M-$60.2M
Financing cash flow -$129.1M-$223.7M$296.4M-$63.5M$156.2M-$128.5M-$44.0M-$39.1M-$49.9M-$80.8M
Dividends paid $47.9M$46.8M$45.6M$44.3M$42.2M$39.8M$35.5M$30.9M$24.9M$24.4M
Buybacks —————$13.6M————

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-177073.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 250M 500M 750M 1B Revenue, FY2016: 76.8M Gross profit, FY2016: 184.2M Net income, FY2016: 38.3M Revenue, FY2017: 94.5M Gross profit, FY2017: 206.3M Net income, FY2017: 153.9M Revenue, FY2018: 96.6M Gross profit, FY2018: 233.3M Net income, FY2018: 79.4M Revenue, FY2019: 115.3M Gross profit, FY2019: 266.2M Net income, FY2019: 96.8M Revenue, FY2020: 128.4M Gross profit, FY2020: 263.7M Net income, FY2020: 102M Revenue, FY2021: 534.6M Gross profit, FY2021: 247.3M Net income, FY2021: 89.7M Revenue, FY2022: 635.7M Gross profit, FY2022: 290.2M Net income, FY2022: 115.1M Revenue, FY2023: 831.8M Gross profit, FY2023: 393.6M Net income, FY2023: 174.6M Revenue, FY2024: 910.9M Gross profit, FY2024: 435.4M Net income, FY2024: 231.7M Revenue, FY2025: 944.2M Gross profit, FY2025: 455M Net income, FY2025: 156.3M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $76.8M $94.5M $96.6M $115.3M $128.4M $534.6M $635.7M $831.8M $910.9M $944.2M
Gross profit $184.2M $206.3M $233.3M $266.2M $263.7M $247.3M $290.2M $393.6M $435.4M $455.0M
Net income $38.3M $153.9M $79.4M $96.8M $102.0M $89.7M $115.1M $174.6M $231.7M $156.3M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Results announced Item 2.02
  • New debt or obligation Item 2.03

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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