Mcgrath Rentcorp (MGRC) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Jul 29, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MGRC SEC filings page.
Mcgrath Rentcorp (MGRC) reported $932.9M in revenue over the twelve months to Jun 30, 2026, down 0.9% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
Asset-heavy growth now converts profit into cash, but 2025 cost pressure interrupted the prior year’s margin and cash-flow step-up.
Gross margin edged up to48.2% in FY2025 from47.8% in FY2024. Operating margin nonetheless slipped to25.8% from26.8% , indicating operating costs absorbed the incremental gross profit rather than a broad deterioration in direct economics.
Operating cash flow was
Debt-to-equity declined from 1.0x in FY2024 to 0.9x in FY2025, indicating a less leveraged funding posture. Equity rose to
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Mcgrath Rentcorp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Mcgrath Rentcorp has an operating margin of 25.8%, meaning the company retains $26 of operating profit per $100 of revenue. This strong profitability earns a score of 93/100, reflecting efficient cost management and pricing power. This is down from 26.8% the prior year.
Mcgrath Rentcorp's revenue grew a modest 3.7% year-over-year to $944.2M. This slow but positive growth earns a score of 55/100.
Mcgrath Rentcorp has a moderate D/E ratio of 0.91. This balance of debt and equity financing earns a leverage score of 49/100.
Not available for Mcgrath Rentcorp, and counted as zero in the overall score.
Mcgrath Rentcorp converts 22.4% of revenue into free cash flow ($211.3M). This strong cash generation earns a score of 89/100.
Not available for Mcgrath Rentcorp, and counted as zero in the overall score.
Mcgrath Rentcorp passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 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 $1.64 in operating cash flow ($255.7M OCF vs $156.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Mcgrath Rentcorp earns $7.96 in operating income for every $1 of interest expense ($243.6M vs $30.6M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Mcgrath Rentcorp generated $221.1M in revenue in Q2 2026. This represents a decrease of 6.2% from the same quarter a year earlier. Against the prior quarter it is up 11.4%.
Mcgrath Rentcorp's EBITDA was $81.7M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 2.1% from the same quarter a year earlier. Against the prior quarter it is up 14.8%.
Mcgrath Rentcorp reported $33.7M in net income in Q2 2026. This represents a decrease of 6.4% from the same quarter a year earlier. Against the prior quarter it is up 24.6%.
Mcgrath Rentcorp earned $1.37 per diluted share (EPS) in Q2 2026. This represents a decrease of 6.2% from the same quarter a year earlier. Against the prior quarter it is up 24.5%.
Cash & Balance Sheet
Mcgrath Rentcorp generated $52.0M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 36.1% from the same quarter a year earlier. Against the prior quarter it is up 51.4%.
Mcgrath Rentcorp held $4.4M in cash as of Q2 2026; long-term debt is not reported for that period.
Mcgrath Rentcorp paid $0.49 per share in dividends in Q2 2026. This represents an increase of 2.1% from the same quarter a year earlier. It is unchanged from the prior quarter.
Margins & Returns
Mcgrath Rentcorp's gross margin was 48.8% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 1.8 percentage points from the same quarter a year earlier. It is unchanged from the prior quarter.
Mcgrath Rentcorp's operating margin was 24.1% in Q2 2026, reflecting core business profitability. This is down 0.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.2 percentage points.
Mcgrath Rentcorp's net profit margin was 15.2% in Q2 2026, showing the share of revenue converted to profit. That is unchanged from the same quarter a year earlier. Against the prior quarter it is up 1.6 percentage points.
Mcgrath Rentcorp's ROE was 2.7% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 0.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.5 percentage points.
Capital Allocation
Mcgrath Rentcorp spent $15.5M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. Against the prior quarter it is up 30.4%.
Mcgrath Rentcorp invested $11.4M in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 35.6% from the same quarter a year earlier. Against the prior quarter it is up 41.3%.
Not reported for Q2 2026.
MGRC Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $221.1M-6.2% | $198.5M+1.6% | $256.8M+5.3% | $256.4M-3.9% | $235.6M+10.8% | $195.4M+4.0% | $243.7M+10.0% | $266.8M+9.5% |
| Cost of Revenue | $27.1M-41.6% | $21.7M-15.0% | $52.4M-8.2% | $47.6M-22.1% | $46.5M+36.2% | $25.5M+13.9% | $57.1M+45.3% | $61.1M+15.6% |
| Gross Profit | $107.9M-2.5% | $96.9M+0.5% | $128.6M+12.0% | $119.3M-3.8% | $110.7M+7.1% | $96.4M+3.4% | $114.8M+4.2% | $124.0M+11.2% |
| SG&A Expenses | $56.4M+5.4% | $53.5M+5.1% | $54.4M+5.3% | $52.5M+6.6% | $53.5M+9.3% | $50.9M+0.8% | $51.7M-5.2% | $49.3M+1.6% |
| Operating Income | $53.3M-6.8% | $43.4M-4.8% | $74.2M+17.6% | $66.7M-10.7% | $57.2M+5.1% | $45.6M-12.5% | $63.1M+13.3% | $74.7M+12.2% |
| EBITDA | $81.7M-2.1% | $71.2M-1.0% | $101.5M+13.2% | $93.7M-7.6% | $83.5M+2.6% | $72.0M-9.2% | $89.7M+7.8% | $101.4M+8.5% |
| Interest Expense | $7.1M-8.7% | $6.5M-20.3% | $6.5M-26.7% | $8.2M-35.3% | $7.8M-40.2% | $8.2M-35.8% | $8.9M-26.9% | $12.6M+14.7% |
| Income Tax | $12.5M-7.6% | $9.8M+6.9% | $17.9M+37.4% | $16.2M-69.7% | $13.5M+61.3% | $9.2M+30.6% | $13.0M+11.4% | $53.5M+253.1% |
| Net Income | $33.7M-6.4% | $27.0M-4.2% | $49.8M+28.0% | $42.3M-71.7% | $36.0M+74.5% | $28.2M+23.5% | $38.9M+21.6% | $149.3M+269.9% |
| EPS (Basic) | $1.38-5.5% | $1.10-4.3% | $2.02+27.8% | $1.72-71.7% | $1.46+73.8% | $1.15+23.7% | $1.58+20.6% | $6.08+268.5% |
| EPS (Diluted) | $1.37-6.2% | $1.10-4.3% | $2.03+28.5% | $1.72-71.7% | $1.46+73.8% | $1.15+23.7% | $1.58+20.6% | $6.08+268.5% |
| Diluted Shares (Avg) | 24M-0.5% | 25M+0.2% | N/A | 25M+0.3% | 25M+0.2% | 25M+0.2% | N/A | 25M+0.2% |
Not reported in any period shown, so not listed: R&D Expenses.
MGRC Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.5B+7.6% | $2.4B+6.1% | $2.4B+3.5% | $2.4B+2.9% | $2.3B+0.4% | $2.2B-0.9% | $2.3B+2.7% | $2.3B+7.0% |
| Cash & Equivalents | $4.4M+198.1% | $2.4M-30.5% | $295K-63.4% | $7.3M+78.9% | $1.5M-84.4% | $3.4M+77.4% | $807K-8.0% | $4.1M+108.4% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $15.2M+23.4% | $11.1M-34.9% | $8.0M-43.9% | $13.4M-39.8% | $12.3M-56.4% | $17.1M-30.3% | $14.3M+78.2% | $22.3M |
| Accounts Receivable | $240.0M+2.7% | $222.1M+6.3% | $231.9M+5.7% | $241.3M+7.5% | $233.8M+7.6% | $208.9M-1.4% | $219.3M-3.5% | $224.5M+0.1% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $337.3M+1.5% | $332.6M+2.9% | $332.6M+2.9% | $332.4M+2.8% | $332.4M+2.8% | $323.2M0.0% | $323.2M0.0% | $323.2M-0.2% |
| Total Liabilities | $1.3B+8.1% | $1.1B+3.2% | $1.1B-3.0% | $1.2B-3.1% | $1.2B-14.7% | $1.1B-16.2% | $1.2B-10.1% | $1.2B-2.8% |
| Total Equity | $1.2B+7.1% | $1.2B+8.8% | $1.2B+10.1% | $1.2B+9.3% | $1.2B+21.9% | $1.1B+20.5% | $1.1B+20.3% | $1.1B+20.0% |
| Retained Earnings | $1.1B+7.4% | $1.1B+9.3% | $1.1B+10.7% | $1.1B+9.9% | $1.0B+24.3% | $1.0B+22.7% | $1.0B+22.4% | $980.2M+22.2% |
Not reported in any period shown, so not listed: Current Assets, Current Liabilities, Non-Current Liabilities, Long-Term Debt.
MGRC Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $63.3M+13.5% | $42.4M-21.4% | $80.9M+120.0% | $65.1M-67.3% | $55.8M-29.5% | $53.9M-9.3% | $36.8M+256.1% | $199.0M+319.3% |
| Depreciation & Amortization | $28.5M+8.0% | $27.8M+5.4% | $27.4M+2.7% | $27.0M+1.1% | $26.3M-2.2% | $26.4M-2.9% | $26.6M-3.3% | $26.7M-0.7% |
| Stock-Based Compensation | N/A | $2.8M+11.0% | N/A | N/A | N/A | $2.5M+15.2% | N/A | N/A |
| Capital Expenditures | $11.4M-35.6% | $8.0M+101.4% | $11.1M+168.0% | $11.6M+95.4% | $17.6M+263.6% | $4.0M-84.2% | $4.2M-84.9% | $5.9M+13.9% |
| Free Cash Flow | $52.0M+36.1% | $34.3M-31.2% | $69.8M+113.9% | $53.5M-72.3% | $38.2M-48.7% | $49.9M+46.1% | $32.6M+163.8% | $193.0M+357.0% |
| Investing Cash Flow | -$77.4M-31.4% | -$41.0M-1417.2% | -$39.1M-293.1% | -$26.5M-281.6% | -$58.9M-5.6% | -$2.7M+96.5% | -$9.9M+83.5% | -$6.9M+77.9% |
| Financing Cash Flow | $16.1M+1288.6% | $708K+101.5% | -$48.8M-62.2% | -$32.8M+83.4% | $1.2M+107.3% | -$48.6M-346.3% | -$30.1M-136.3% | -$197.4M-1105.0% |
| Dividends Paid | $12.2M+2.0% | $12.5M+3.4% | $11.9M+2.4% | $11.9M+2.4% | $11.9M+2.4% | $12.1M+2.6% | $11.7M+2.4% | $11.7M+2.4% |
| Share Buybacks | $15.5M | $11.9M | N/A | N/A | N/A | N/A | N/A | N/A |
MGRC Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 48.8%+1.8pp | 48.8%-0.6pp | 50.1%+3.0pp | 46.5%0.0pp | 47.0%-1.7pp | 49.4%-0.3pp | 47.1%-2.6pp | 46.5%+0.7pp |
| Operating Margin | 24.1%-0.2pp | 21.9%-1.5pp | 28.9%+3.0pp | 26.0%-2.0pp | 24.3%-1.3pp | 23.3%-4.4pp | 25.9%+0.7pp | 28.0%+0.7pp |
| Net Margin | 15.2%0.0pp | 13.6%-0.8pp | 19.4%+3.4pp | 16.5%-39.5pp | 15.3%+5.6pp | 14.4%+2.3pp | 16.0%+1.5pp | 56.0%+39.4pp |
| Return on Equity | 2.7%-0.4pp | 2.2%-0.3pp | 4.0%+0.6pp | 3.5%-10.1pp | 3.1%+0.9pp | 2.5%+0.1pp | 3.5%0.0pp | 13.7%+9.2pp |
| Return on Assets | 1.4%-0.2pp | 1.1%-0.1pp | 2.1%+0.4pp | 1.8%-4.7pp | 1.6%+0.7pp | 1.3%+0.3pp | 1.7%+0.3pp | 6.5%+4.6pp |
| Debt-to-Equity | 1.010.0x | 0.92-0.1x | 0.91-0.1x | 0.97-0.1x | 1.00-0.4x | 0.97-0.4x | 1.03-0.3x | 1.09-0.3x |
| Asset Turnover | 0.090.0x | 0.080.0x | 0.110.0x | 0.110.0x | 0.100.0x | 0.090.0x | 0.110.0x | 0.120.0x |
| FCF Margin | 23.5%+7.3pp | 17.3%-8.2pp | 27.2%+13.8pp | 20.8%-51.5pp | 16.2%-18.8pp | 25.5%+7.4pp | 13.4%+36.4pp | 72.4%+55.0pp |
Not reported in any period shown, so not listed: Current Ratio.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Mcgrath Rentcorp MGRC | FY2025 | $944.2M | $156.3M | 16.6% | $2.7B | 48/100 |
| Herc Holdings HRI | FY2025 | $4.4B | $1.0M | 0.0% | $4.7B | 36/100 |
| WillScot Holdings WSC | FY2025 | $2.3B | -$53.0M | -2.3% | $3.6B | 42/100 |
| Gatx Corp GATX | FY2025 | $1.7B | $333.3M | 19.1% | $6.1B | 14/100 |
| Avis Budget CAR | FY2025 | $11.7B | -$889.0M | -7.6% | $5.0B | 6/100 |
| Air Lease Corp AL | FY2025 | $3.0B | $1.1B | 36.1% | $7.3B | 30/100 |
Where Mcgrath Rentcorp Ranks
Frequently Asked Questions
What is Mcgrath Rentcorp's annual revenue?
Mcgrath Rentcorp (MGRC) reported $944.2M in total revenue for fiscal year 2025. This represents a 3.7% 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 3.7% year-over-year, from $910.9M to $944.2M in fiscal year 2025.
Is Mcgrath Rentcorp profitable?
Yes, Mcgrath Rentcorp (MGRC) reported a net income of $156.3M in fiscal year 2025, with a net profit margin of 16.6%.
What is Mcgrath Rentcorp's EBITDA?
Mcgrath Rentcorp (MGRC) had EBITDA of $350.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Mcgrath Rentcorp's gross margin?
Mcgrath Rentcorp (MGRC) had a gross margin of 48.2% in fiscal year 2025, 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 25.8% in fiscal year 2025, 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 16.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Mcgrath Rentcorp pay dividends?
Yes, Mcgrath Rentcorp (MGRC) paid $1.94 per share in dividends during fiscal year 2025.
What is Mcgrath Rentcorp's return on equity (ROE)?
Mcgrath Rentcorp (MGRC) has a return on equity of 12.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Mcgrath Rentcorp's free cash flow?
Mcgrath Rentcorp (MGRC) generated $211.3M in free cash flow during fiscal year 2025. This represents a -36.8% 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 $255.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Mcgrath Rentcorp's total assets?
Mcgrath Rentcorp (MGRC) had $2.4B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Mcgrath Rentcorp's capital expenditures?
Mcgrath Rentcorp (MGRC) invested $44.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Mcgrath Rentcorp's debt-to-equity ratio?
Mcgrath Rentcorp (MGRC) had a debt-to-equity ratio of 0.91 as of fiscal year 2025, 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 6.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Mcgrath Rentcorp's P/E ratio?
Mcgrath Rentcorp (MGRC) trades at 17.5x earnings, its market capitalization divided by net income of $152.8M net income, trailing 12 months to June 30, 2026. The market capitalization is $2.7B as of Sep 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Mcgrath Rentcorp's price-to-sales ratio?
Mcgrath Rentcorp (MGRC) trades at 2.9x sales, its market capitalization divided by revenue of $932.9M revenue, trailing 12 months to June 30, 2026. The market capitalization is $2.7B as of Sep 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Mcgrath Rentcorp's Piotroski F-Score?
Mcgrath Rentcorp (MGRC) has a Piotroski F-Score of 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 1.64x, 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 7.96x, 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 48 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.