McGrath RentCorp (MGRC) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$1.46	$1.32	-9.6%	—	$221.1M	—
Q1 26	$1.13	$1.1	-2.7%	—	$198.5M	—
Q4 25	$1.71	$2.03	+18.7%	—	$256.8M	—
Q3 25	$1.82	$1.72	-5.5%	—	$256.4M	—
Q2 25	$1.22	$1.47	+20.5%	—	$235.6M	—
Q1 25	$0.92	$1.15	+25.0%	—	$195.4M	—
Q4 24	$1.49	$1.65	+10.7%	—	$243.7M	—
Q3 24	$1.27	$1.87	+47.2%	—	$266.8M	—
Q2 24	$1.25	$1.2	-4.0%	—	$212.6M	—
Q1 24	$0.73	$0.93	+27.4%	—	$187.8M	—
Q4 23	$1.37	$1.3	-5.1%	—	$221.6M	—
Q3 23	$1.25	$1.49	+19.2%	—	$243.5M	—
Q2 23	$0.99	$1.14	+15.2%	—	$203M	—
Q1 23	$0.84	$2.92	+247.6%	—	$163.7M	—
Q4 22	$1.38	$1.62	+17.4%	—	$210.9M	—
Q3 22	$1.17	$1.25	+6.8%	—	$174.3M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$6.35	—	—	$944.2M	—
FY24	—	$9.44	—	—	$910.9M	—
FY23	—	$7.14	—	—	$831.8M	—
FY22	—	$4.73	—	—	$635.7M

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$424.1M	$462M	$498.3M	$570.2M	$572.6M	$534.6M	$635.7M	$831.8M	$910.9M	$944.2M
YoY change	+4.83%	+8.95%	+7.86%	+14.4%	+0.41%	-6.63%	+18.9%	+30.9%	+9.51%	+3.65%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	424.1M	462M	498.3M	570.2M	572.6M	534.6M	635.7M	831.8M	910.9M	944.2M
Cost of revenue	239.9M	255.7M	265.1M	304.1M	308.8M	287.3M	345.5M	438.2M	475.5M	489.3M
Gross profit	184.2M	206.3M	233.3M	266.2M	263.7M	247.3M	290.2M	393.6M	435.4M	455M
Gross margin	43.4%	44.7%	46.8%	46.7%	46.1%	46.3%	45.7%	47.3%	47.8%	48.2%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	104.9M	111.6M	115.8M	124.8M	123M	123.1M	142.9M	207.5M	200.4M	211.4M
Operating expenses	104.9M	111.6M	115.8M	124.8M	123M	123.1M	142.9M	203.9M	191.2M	211.4M
Operating income	79.3M	94.7M	117.5M	141.4M	140.8M	124.3M	147.3M	189.7M	244.3M	243.6M
Operating margin	18.7%	20.5%	23.6%	24.8%	24.6%	23.2%	23.2%	22.8%	26.8%	25.8%
Non-operating income, net	-121K	334K	-489K	84K	78K	-210K	-378K	310K	116.6M	80K
Pretax income	66.9M	83.5M	104.7M	129.1M	132M	115.8M	134.7M	149.5M	313.6M	213.1M
Income tax	28.7M	-70.5M	25.3M	32.3M	30.1M	30.7M	31.4M	37.6M	81.9M	56.8M
Net income	38.3M	153.9M	79.4M	96.8M	102M	89.7M	115.1M	174.6M	231.7M	156.3M
Net margin	9.02%	33.3%	15.9%	17%	17.8%	16.8%	18.1%	21%	25.4%	16.6%
EBITDA	160.4M	173.2M	199.5M	230.8M	235.4M	231M	258.6M	299.1M	351.7M	350.7M
EPS	1.6	6.41	3.29	3.99	4.22	3.7	4.73	7.14	9.44	6.35
Diluted EPS	1.6	6.34	3.24	3.93	4.16	3.66	4.7	7.12	9.43	6.35

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	243.5M	221.6M	187.8M	212.6M	266.8M	243.7M	195.4M	235.6M	256.4M	256.8M	198.5M	221.1M
Cost of revenue	132M	111.5M	94.6M	109.2M	142.8M	129M	99M	124.9M	137.2M	128.2M	101.7M	113.2M
Gross profit	111.5M	110.1M	93.3M	103.4M	124M	114.8M	96.4M	110.7M	119.3M	128.6M	96.9M	107.9M
Gross margin	45.8%	49.7%	49.7%	48.6%	46.5%	47.1%	49.3%	47%	46.5%	50.1%	48.8%	48.8%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	48.5M	54.5M	59.8M	61.4M	49.3M	51.7M	50.9M	53.5M	52.5M	54.4M	53.5M	56.4M
Operating expenses	44.9M	54.4M	50.5M	61.4M	49.3M	51.7M	50.9M	53.5M	52.5M	54.4M	53.5M	54.6M
Operating income	66.6M	55.7M	42.7M	42M	74.7M	63.1M	45.6M	57.2M	66.7M	74.2M	43.4M	53.3M
Operating margin	27.3%	25.1%	22.8%	19.8%	28%	25.9%	23.3%	24.3%	26%	28.9%	21.9%	24.1%
Non-operating income, net	-42K	144K	-132K	-31K	140.8M	-2.3M	5K	81K	-32K	26K	-33K	-38K
Pretax income	55.5M	43.7M	29.9M	29M	202.8M	52M	37.4M	49.5M	58.5M	67.7M	36.9M	46.1M
Income tax	15.2M	11.7M	7M	8.4M	53.5M	13M	9.2M	13.5M	16.2M	17.9M	9.8M	12.5M
Net income	40.4M	32M	22.8M	20.6M	149.3M	38.9M	28.2M	36M	42.3M	49.8M	27M	33.7M
Net margin	16.6%	14.4%	12.2%	9.7%	56%	16%	14.4%	15.3%	16.5%	19.4%	13.6%	15.2%
EBITDA	93.5M	83.2M	69.9M	69M	101.4M	89.7M	72M	83.5M	93.7M	101.5M	71.2M	81.7M
EPS	1.65	—	0.93	0.84	6.08	1.59	1.15	1.46	1.72	2.02	1.1	1.38
Diluted EPS	1.65	—	0.93	0.84	6.08	1.58	1.15	1.46	1.72	2.02	1.1	1.37

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	936.6M	1.1B	1.2B	1.9B	1.6B	1.9B	2.4B	2.9B	2.7B	2.6B	2.8B
Enterprise value	1.3B	1.4B	1.5B	2.1B	1.8B	2.4B	2.8B	3.7B	3.3B	3.4B	3.4B
Shares outstanding	23.9M	24M	24.1M	24.3M	24.2M	24.2M	24.4M	24.5M	24.5M	24.6M	24.6M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	24.5	7.33	15.7	19.2	15.9	21.7	20.9	16.8	11.8	16.5	18.3
P/S	2.21	2.44	2.49	3.25	2.83	3.64	3.78	3.52	3.01	2.73	3.01
P/B	2.38	2.15	2.17	2.93	2.37	2.66	2.99	3.13	2.44	2.09	2.25
EV/EBITDA	7.87	8.25	7.72	9.3	7.83	10.3	10.9	12.3	9.48	9.58	13.2
EV/Sales	2.98	3.09	3.09	3.77	3.22	4.43	4.43	4.43	3.66	3.56	3.63
Earnings yield	4.08%	13.7%	6.39%	5.22%	6.29%	4.61%	4.79%	5.97%	8.44%	6.05%	5.48%
FCF yield	5.46%	1.17%	0.32%	0.44%	4.96%	4.06%	-0.45%	-6.09%	5.21%	2.66%	2.43%
PEG	—	—	—	—	—	—	—	—	—	—	-3.33

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	43.4%	44.7%	46.8%	46.7%	46.1%	46.3%	45.7%	47.3%	47.8%	48.2%	48.8%
Operating margin	18.7%	20.5%	23.6%	24.8%	24.6%	23.2%	23.2%	22.8%	26.8%	25.8%	23.3%
Net margin	9.02%	33.3%	15.9%	17%	17.8%	16.8%	18.1%	21%	25.4%	16.6%	16.4%
ROE	9.7%	29.4%	13.9%	15.3%	14.9%	12.3%	14.3%	18.7%	20.6%	12.6%	12.7%
ROA	3.39%	13.4%	6.52%	7.39%	7.99%	5.62%	6.74%	7.88%	10.2%	6.63%	6.1%
ROIC	6.29%	11.5%	10.3%	11.5%	12%	7.89%	9.29%	8.37%	10.5%	8.86%	9.48%
Return on tangible assets	3.62%	14.3%	6.92%	7.81%	8.46%	7.25%	8.08%	12.1%	15.2%	9.78%	8.76%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.84	0.86	0.87	0.79	0.81	0.83	1.28	0.82	0.83	0.82	1.84
Quick ratio	0.84	0.86	0.87	0.79	0.81	0.83	1.28	0.82	0.78	0.8	0.71
Debt / equity	0.83	0.58	0.52	0.46	0.33	0.58	0.51	0.82	0.53	0.63	0.47
Debt / assets	0.29	0.26	0.25	0.22	0.17	0.27	0.24	0.34	0.26	0.33	0.24
Net debt / EBITDA	2.03	1.74	1.49	1.26	0.94	1.84	1.6	2.55	1.68	2.22	1.68
Interest coverage	6.48	8.18	9.51	11.5	16	15	12	4.68	7.64	7.96	8.4
Effective tax rate	42.9%	0%	24.2%	25%	22.8%	26.5%	23.3%	25.2%	26.1%	26.6%	26.9%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	17.7	19.3	20.6	23.5	23.7	22.1	26.1	34	37.1	38.4	38
EPS (basic)	1.6	6.41	3.29	3.99	4.22	3.7	4.73	7.14	9.44	6.35	6.35
EPS (diluted)	1.6	6.34	3.24	3.93	4.16	3.66	4.7	7.12	9.43	6.35	6.29
Book value per share	16.5	21.8	23.7	26.1	28.3	30.2	33	38.2	45.8	50.3	51
FCF per share	2.14	0.55	0.16	0.34	3.33	3.26	-0.45	-7.29	5.82	2.79	-0.28
Cash per share	0.04	0.1	0.06	0.1	0.05	0.06	0.04	0.04	0.03	0.01	0.18
Capex per share	2.52	2.95	4.02	5.58	2.19	2.46	5.4	8.08	6.14	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	14.2%	15.3%	19.5%	23.7%	9.26%	11.1%	20.7%	23.8%	16.5%	—	—
Capex / operating cash flow	43.4%	54.4%	56.3%	67.1%	27.3%	27.7%	56.8%	104%	37.2%	—	—
Payout ratio	63.9%	16.2%	39%	36.7%	39%	47%	38.4%	26.1%	20.2%	30.6%	31.4%
Dividend yield	2.61%	2.21%	2.49%	1.91%	2.45%	2.17%	1.84%	1.56%	1.7%	1.86%	1.72%

Yield

1.72%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.495

ex-dividend Oct 16, 2026

Payout ratio

31%

of earnings

Dividend growth

12 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Oct 16, 2026upcoming	$0.495
Jul 17, 2026	$0.495
Apr 16, 2026

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$243.5M	$221.6M	$187.8M	$212.6M	$266.8M	$243.7M	$195.4M	$235.6M	$256.4M	$256.8M	$198.5M	$221.1M
YoY change	+39.7%	+5.08%	+14.7%	+4.72%	+9.55%	+10%	+4.04%	+10.8%	-3.87%	+5.34%	+1.6%	-6.16%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	852K	2.5M	1.5M	2.3M	1.2M	1.5M	957K	877K	807K	295K
Receivables	96.9M	105.9M	121M	128.1M	123.3M	159.5M	169.9M	227.4M	219.3M	231.9M
Inventory	—	—	—	—	—	—	—	—	14.3M	8M
Total current assets	97.7M	108.4M	122.5M	130.4M	124.6M	161M	367.1M	228.2M	234.5M	240.2M
Property, plant & equipment	173.3M	179.2M	181.2M	199.9M	159.9M	126.7M	156.9M	172M	130.5M	119.2M
Goodwill & intangibles	72.8M	71.1M	70.1M	71.1M	70.6M	358.9M	283.7M	775.6M	755.1M	758.4M
Total assets	1.1B	1.1B	1.2B	1.3B	1.3B	1.6B	1.7B	2.2B	2.3B	2.4B
Accounts payable	—	—	—	—	—	—	—	—	60.1M	66.2M
Short-term debt	—	—	—	—	—	—	—	—	—	264.9M
Total current liabilities	115.7M	125.6M	140.6M	164.1M	154.3M	195M	286.8M	279M	283.9M	291.6M
Long-term debt	326.3M	303.4M	298.6M	293.4M	222.8M	426.5M	413.7M	763M	590.2M	514.9M
Total liabilities	734M	623.7M	645.8M	675.8M	593.1M	863.9M	903.9M	1.3B	1.2B	1.1B
Shareholders' equity	394.3M	524.2M	571.5M	634M	682.6M	732M	803.9M	933.8M	1.1B	1.2B
Total debt	326.3M	303.4M	298.6M	293.4M	222.8M	426.5M	413.7M	763M	590.2M	779.9M
Net debt	325.4M	300.9M	297.1M	291.1M	221.5M	425M	412.8M	762.1M	589.4M	779.6M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	1.9M	877K	1.9M	9.4M	4.1M	807K	3.4M	1.5M	7.3M	295K	2.4M	4.4M
Receivables	224.3M	227.4M	211.9M	217.4M	224.5M	219.3M	208.9M	233.8M	241.3M	231.9M	222.1M	240M
Inventory	—	—	24.5M	28.2M	22.3M	14.3M	17.1M	12.3M	13.4M	8M	11.1M	15.2M
Total current assets	226.2M	228.2M	238.4M	255M	250.9M	234.5M	229.4M	247.6M	262M	240.2M	235.6M	259.6M
Property, plant & equipment	-36M	172M	211.8M	200.6M	188.9M	130.5M	153.9M	166.1M	168.8M	119.2M	164.6M	181.6M
Goodwill & intangibles	782.5M	775.6M	770.5M	765.4M	760.2M	755.1M	750M	768.6M	763.3M	758.4M	753.1M	758M
Total assets	2.1B	2.2B	2.3B	2.3B	2.3B	2.3B	2.2B	2.3B	2.4B	2.4B	2.4B	2.5B
Accounts payable	—	—	57.2M	73.1M	76.2M	60.1M	43M	54.9M	55.1M	66.2M	54.8M	73.6M
Short-term debt	—	—	—	—	—	—	—	—	—	264.9M	—	—
Total current liabilities	328.5M	279M	275.6M	316.7M	309.5M	283.9M	264.4M	298.4M	299.8M	291.6M	280.5M	345.4M
Long-term debt	667.6M	763M	798.6M	794.3M	608.6M	590.2M	559.3M	572.5M	551.8M	514.9M	546M	589.9M
Total liabilities	1.2B	1.3B	1.3B	1.4B	1.2B	1.2B	1.1B	1.2B	1.2B	1.1B	1.1B	1.3B
Shareholders' equity	911.4M	933.8M	943M	954.2M	1.1B	1.1B	1.1B	1.2B	1.2B	1.2B	1.2B	1.2B
Total debt	667.6M	763M	798.6M	794.3M	608.6M	590.2M	559.3M	572.5M	551.8M	779.9M	546M	589.9M
Net debt	665.7M	762.1M	796.6M	784.9M	604.5M	589.4M	555.9M	571.1M	544.5M	779.6M	543.6M	585.5M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	38.3M	153.9M	79.4M	96.8M	102M	89.7M	115.1M	174.6M	231.7M	156.3M
Depreciation & amortization	81.2M	78.4M	82M	89.5M	94.6M	106.7M	111.3M	109.4M	107.5M	107.1M
Stock-based compensation	3.1M	3.2M	4.1M	5.9M	5.5M	7.7M	8M	8.3M	9.5M	11.2M
Change in working capital	16.2M	-105.4M	6.6M	9.4M	-7.7M	-15.3M	-7.7M	-23.7M	17.5M	-8M
Operating cash flow	138.8M	130.2M	172.1M	201.6M	194.4M	215.1M	231.3M	190.1M	404.8M	255.7M
Capital expenditure	-60.2M	-70.9M	-96.9M	-135.3M	-53M	-59.5M	-131.4M	-197.8M	-150.8M	—
Investing cash flow	-60.2M	-70.9M	-104.5M	-143.1M	-53M	-351.7M	-131.4M	-659.9M	-150.8M	-23.8M
Dividends paid	-24.4M	-24.9M	-30.9M	-35.5M	-39.8M	-42.2M	-44.3M	-45.6M	-46.8M	-47.9M
Share repurchases	0	0	0	0	-13.6M	0	0	—	—	—
Financing cash flow	-80.8M	-49.9M	-39.1M	-44M	-128.5M	156.2M	-63.5M	296.4M	-223.7M	-129.1M
Net change in cash	-2.2M	9.5M	28.5M	14.4M	13M	19.6M	36.4M	-173.3M	30.4M	102.8M
Free cash flow	51.1M	13.2M	3.9M	8.2M	80.5M	78.9M	-10.9M	-178.3M	142.9M	68.7M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	40.4M	32M	22.8M	20.6M	149.3M	38.9M	28.2M	36M	42.3M	49.8M	27M	33.7M
Depreciation & amortization	26.9M	27.5M	27.2M	26.9M	26.7M	26.6M	26.4M	26.3M	27M	27.4M	27.8M	28.5M
Stock-based compensation	1.9M	3M	2.2M	2.3M	2.4M	2.6M	2.5M	2.8M	2.8M	3.1M	2.8M	2.9M
Change in working capital	-20.1M	-3.9M	26.5M	16.2M	-5.1M	-20.1M	-746K	-5.8M	-3.4M	2M	1.6M	12.4M
Operating cash flow	58.5M	71.8M	83.4M	73M	193.7M	54.7M	58.4M	70.1M	65.1M	80.9M	42.4M	63.3M
Capital expenditure	-25.9M	-60M	-78.1M	-55.8M	-6.9M	-9.9M	-2.7M	-36.9M	—	—	—	—
Investing cash flow	-31.3M	-60.3M	-78.1M	-55.8M	-6.9M	-9.9M	-2.7M	-36.9M	0	-1.8M	—	—
Dividends paid	-11.4M	-11.4M	-11.8M	-11.7M	-11.7M	-11.7M	-12.1M	-11.9M	-11.9M	-11.9M	-12.5M	-12.2M
Share repurchases	—	—	—	—	—	—	—	—	—	—	-11.9M	-15.5M
Financing cash flow	-195.3M	82.8M	19.7M	-11.7M	32M	-184.5M	-48.6M	-12M	7.8M	-48.8M	708K	-27.8M
Net change in cash	-168.1M	94.3M	25M	5.6M	218.8M	-139.7M	7.1M	21.1M	72.9M	30.3M	43.1M	35.5M
Free cash flow	-1M	-109.5M	-44.5M	7.7M	171.1M	8.7M	38.4M	-514K	12.2M	18.7M	-10.6M	-27.1M

Date	Ratio
Mar 28, 2005	2:1
Apr 28, 1997	2:1
Apr 22, 1991	2:1

McGrath RentCorp Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history