Mcgrath Rentcorp Financials
This page shows Mcgrath Rentcorp (MGRC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Mcgrath Rentcorp has an operating margin of 26.8%, meaning the company retains $27 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is up from 22.8% the prior year.
Mcgrath Rentcorp's revenue grew 9.5% year-over-year to $910.9M, a solid pace of expansion. This earns a growth score of 56/100.
Mcgrath Rentcorp carries a low D/E ratio of 1.03, meaning only $1.03 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 73/100, indicating a strong balance sheet with room for future borrowing.
Mcgrath Rentcorp converts 36.7% of revenue into free cash flow ($334.1M). This strong cash generation earns a score of 100/100.
Mcgrath Rentcorp earns a strong 20.6% return on equity (ROE), meaning it generates $21 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 83/100. This is up from 18.7% the prior year.
Mcgrath Rentcorp passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Mcgrath Rentcorp generates $1.62 in operating cash flow ($374.4M OCF vs $231.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Mcgrath Rentcorp earns $5.2 in operating income for every $1 of interest expense ($244.3M vs $47.2M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Mcgrath Rentcorp generated $910.9M in revenue in fiscal year 2024. This represents an increase of 9.5% from the prior year.
Mcgrath Rentcorp's EBITDA was $351.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 17.6% from the prior year.
Mcgrath Rentcorp generated $334.1M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 550.7% from the prior year.
Mcgrath Rentcorp reported $231.7M in net income in fiscal year 2024. This represents an increase of 32.7% from the prior year.
Mcgrath Rentcorp earned $9.43 per diluted share (EPS) in fiscal year 2024. This represents an increase of 32.4% from the prior year.
Mcgrath Rentcorp held $807K in cash against $0 in long-term debt as of fiscal year 2024.
Mcgrath Rentcorp paid $1.90 per share in dividends in fiscal year 2024. This represents an increase of 2.2% from the prior year.
Mcgrath Rentcorp had 25M shares outstanding in fiscal year 2024. This represents an increase of 0.2% from the prior year.
Mcgrath Rentcorp's gross margin was 47.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 0.5 percentage points from the prior year.
Mcgrath Rentcorp's operating margin was 26.8% in fiscal year 2024, reflecting core business profitability. This is up 4.0 percentage points from the prior year.
Mcgrath Rentcorp's net profit margin was 25.4% in fiscal year 2024, showing the share of revenue converted to profit. This is up 4.5 percentage points from the prior year.
Mcgrath Rentcorp's ROE was 20.6% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 1.9 percentage points from the prior year.
Mcgrath Rentcorp invested $40.2M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 8.5% from the prior year.
MGRC Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $256.4M+8.8% | $235.6M+20.6% | $195.4M-19.8% | $243.7M+14.6% | $212.6M+13.2% | $187.8M-15.2% | $221.6M-9.0% | $243.5M |
| Cost of Revenue | $47.6M+2.4% | $46.5M+82.2% | $25.5M-55.3% | $57.1M+67.3% | $34.1M+52.3% | $22.4M-43.0% | $39.3M-25.7% | $52.9M |
| Gross Profit | $119.3M+7.7% | $110.7M+14.8% | $96.4M-16.0% | $114.8M+11.0% | $103.4M+10.9% | $93.3M-15.3% | $110.1M-1.3% | $111.5M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $52.5M-1.9% | $53.5M+5.3% | $50.9M-1.5% | $51.7M+5.4% | $49.0M-2.9% | $50.5M-7.4% | $54.5M+12.4% | $48.5M |
| Operating Income | $66.7M+16.7% | $57.2M+25.5% | $45.6M-27.8% | $63.1M+15.9% | $54.4M+4.5% | $52.1M-6.4% | $55.7M-16.4% | $66.6M |
| Interest Expense | $8.2M+4.9% | $7.8M-4.4% | $8.2M-7.9% | $8.9M-32.0% | $13.0M+2.6% | $12.7M+4.8% | $12.1M+10.0% | $11.0M |
| Income Tax | $16.2M+20.2% | $13.5M+46.5% | $9.2M-29.3% | $13.0M+55.7% | $8.4M+18.6% | $7.0M-39.6% | $11.7M-22.9% | $15.2M |
| Net Income | $42.3M+17.6% | $36.0M+27.5% | $28.2M-27.6% | $38.9M+88.9% | $20.6M-9.8% | $22.8M-28.6% | $32.0M-20.7% | $40.4M |
| EPS (Diluted) | $1.72+17.8% | $1.46+27.0% | $1.15-27.2% | $1.58+88.1% | $0.84-9.7% | $0.93-28.5% | $1.30-21.2% | $1.65 |
MGRC Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.4B+1.0% | $2.3B+3.8% | $2.2B-1.5% | $2.3B-1.8% | $2.3B+2.4% | $2.3B+2.1% | $2.2B+3.8% | $2.1B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $7.3M+393.9% | $1.5M-56.7% | $3.4M+320.3% | $807K-91.4% | $9.4M+391.4% | $1.9M+118.0% | $877K-54.9% | $1.9M |
| Inventory | $13.4M+9.1% | $12.3M-28.1% | $17.1M+19.6% | $14.3M-49.3% | $28.2M+14.9% | $24.5M+59.1% | $15.4M | N/A |
| Accounts Receivable | $241.3M+3.2% | $233.8M+11.9% | $208.9M-4.8% | $219.3M+0.9% | $217.4M+2.6% | $211.9M-6.8% | $227.4M+1.4% | $224.3M |
| Goodwill | $332.4M0.0% | $332.4M+2.8% | $323.2M0.0% | $323.2M0.0% | $323.2M0.0% | $323.2M0.0% | $323.2M-0.2% | $323.8M |
| Total Liabilities | $1.2B-0.8% | $1.2B+5.2% | $1.1B-4.2% | $1.2B-15.4% | $1.4B+3.3% | $1.3B+2.9% | $1.3B+4.7% | $1.2B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $1.2B+2.8% | $1.2B+2.4% | $1.1B+1.2% | $1.1B+17.7% | $954.2M+1.2% | $943.0M+1.0% | $933.8M+2.5% | $911.4M |
| Retained Earnings | $1.1B+2.9% | $1.0B+2.3% | $1.0B+1.6% | $1.0B+19.5% | $842.7M+1.1% | $833.8M+1.3% | $822.8M+2.6% | $802.2M |
MGRC Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $65.1M+16.6% | $55.8M+3.6% | $53.9M+46.5% | $36.8M-53.6% | $79.2M+33.3% | $59.4M+352.2% | -$23.6M-149.7% | $47.5M |
| Capital Expenditures | $11.6M-34.1% | $17.6M+341.6% | $4.0M-4.0% | $4.2M-14.2% | $4.8M-80.8% | $25.3M-8.2% | $27.5M+427.7% | $5.2M |
| Free Cash Flow | $53.5M+40.0% | $38.2M-23.5% | $49.9M+52.9% | $32.6M-56.1% | $74.4M+117.8% | $34.1M+166.8% | -$51.1M-221.0% | $42.2M |
| Investing Cash Flow | -$26.5M+55.1% | -$58.9M-2078.9% | -$2.7M+72.8% | -$9.9M+82.2% | -$55.8M+28.6% | -$78.1M-29.5% | -$60.3M-92.5% | -$31.3M |
| Financing Cash Flow | -$32.8M-2930.3% | $1.2M+102.4% | -$48.6M-61.5% | -$30.1M-88.6% | -$16.0M-180.9% | $19.7M-76.2% | $82.8M+605.6% | -$16.4M |
| Dividends Paid | $11.9M0.0% | $11.9M-1.2% | $12.1M+3.6% | $11.7M0.0% | $11.7M-1.0% | $11.8M+3.4% | $11.4M0.0% | $11.4M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
MGRC Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 46.5%-0.5pp | 47.0%-2.4pp | 49.4%+2.3pp | 47.1%-1.6pp | 48.6%-1.0pp | 49.7%-0.0pp | 49.7%+3.9pp | 45.8% |
| Operating Margin | 26.0%+1.8pp | 24.3%+0.9pp | 23.3%-2.6pp | 25.9%+0.3pp | 25.6%-2.1pp | 27.7%+2.6pp | 25.1%-2.2pp | 27.3% |
| Net Margin | 16.5%+1.2pp | 15.3%+0.8pp | 14.4%-1.5pp | 16.0%+6.3pp | 9.7%-2.5pp | 12.2%-2.3pp | 14.4%-2.1pp | 16.6% |
| Return on Equity | 3.5%+0.5pp | 3.1%+0.6pp | 2.5%-1.0pp | 3.5%+1.3pp | 2.2%-0.3pp | 2.4%-1.0pp | 3.4%-1.0pp | 4.4% |
| Return on Assets | 1.8%+0.2pp | 1.6%+0.3pp | 1.3%-0.5pp | 1.7%+0.8pp | 0.9%-0.1pp | 1.0%-0.4pp | 1.4%-0.5pp | 1.9% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.97-0.0 | 1.00+0.0 | 0.97-0.1 | 1.03-0.4 | 1.43+0.0 | 1.40+0.0 | 1.37+0.0 | 1.34 |
| FCF Margin | 20.8%+4.6pp | 16.2%-9.3pp | 25.5%+12.2pp | 13.4%-21.6pp | 35.0%+16.8pp | 18.2%+41.2pp | -23.1%-40.4pp | 17.3% |
Similar Companies
Frequently Asked Questions
What is Mcgrath Rentcorp's annual revenue?
Mcgrath Rentcorp (MGRC) reported $910.9M in total revenue for fiscal year 2024. This represents a 9.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Mcgrath Rentcorp's revenue growing?
Mcgrath Rentcorp (MGRC) revenue grew by 9.5% year-over-year, from $831.8M to $910.9M in fiscal year 2024.
Is Mcgrath Rentcorp profitable?
Yes, Mcgrath Rentcorp (MGRC) reported a net income of $231.7M in fiscal year 2024, with a net profit margin of 25.4%.
What is Mcgrath Rentcorp's earnings per share (EPS)?
Mcgrath Rentcorp (MGRC) reported diluted earnings per share of $9.43 for fiscal year 2024. This represents a 32.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Mcgrath Rentcorp's EBITDA?
Mcgrath Rentcorp (MGRC) had EBITDA of $351.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Mcgrath Rentcorp's gross margin?
Mcgrath Rentcorp (MGRC) had a gross margin of 47.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Mcgrath Rentcorp's operating margin?
Mcgrath Rentcorp (MGRC) had an operating margin of 26.8% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Mcgrath Rentcorp's net profit margin?
Mcgrath Rentcorp (MGRC) had a net profit margin of 25.4% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Mcgrath Rentcorp pay dividends?
Yes, Mcgrath Rentcorp (MGRC) paid $1.90 per share in dividends during fiscal year 2024.
What is Mcgrath Rentcorp's return on equity (ROE)?
Mcgrath Rentcorp (MGRC) has a return on equity of 20.6% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Mcgrath Rentcorp's free cash flow?
Mcgrath Rentcorp (MGRC) generated $334.1M in free cash flow during fiscal year 2024. This represents a 550.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Mcgrath Rentcorp's operating cash flow?
Mcgrath Rentcorp (MGRC) generated $374.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Mcgrath Rentcorp's total assets?
Mcgrath Rentcorp (MGRC) had $2.3B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Mcgrath Rentcorp's capital expenditures?
Mcgrath Rentcorp (MGRC) invested $40.2M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How many shares does Mcgrath Rentcorp have outstanding?
Mcgrath Rentcorp (MGRC) had 25M shares outstanding as of fiscal year 2024.
What is Mcgrath Rentcorp's debt-to-equity ratio?
Mcgrath Rentcorp (MGRC) had a debt-to-equity ratio of 1.03 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Mcgrath Rentcorp's return on assets (ROA)?
Mcgrath Rentcorp (MGRC) had a return on assets of 10.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Mcgrath Rentcorp's Piotroski F-Score?
Mcgrath Rentcorp (MGRC) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Mcgrath Rentcorp's earnings high quality?
Mcgrath Rentcorp (MGRC) has an earnings quality ratio of 1.62x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Mcgrath Rentcorp cover its interest payments?
Mcgrath Rentcorp (MGRC) has an interest coverage ratio of 5.2x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Mcgrath Rentcorp?
Mcgrath Rentcorp (MGRC) scores 82 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.