Saturday 17 October 2026 Export MGRC’s income statement to Excel — free account

McGrath RentCorp

MGRC Industrials Rental & Leasing Services

McGrath RentCorp’s revenue for fiscal 2025 (year ended December 2025) was $944.2 million, up 3.65% from fiscal 2024. In the quarter to June 2026, revenue fell 6.16%, EPS fell 5.48% and free cash flow fell 124.9%, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for three.

113.03 0.16 −0.14%

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Market cap: $2.8B
P/E: 18.2×
Fwd P/E: 17.0×
Dividend yield: 2.17%
F-score: 7/9
Altman Z: 2.49
Beneish M: −2.61
Dividend safety: 90/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 5.38

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	1	—	—	—	—	3	4	1	3	—	1

Insider Ownership 1.59%

Capital & Financial Ratios $m

Market Cap 2,760.00

Revenue 932.86

Net Income 152.83

Free Cash Flow 78.97

Net Debt (4.38)

Current Ratio 0.26

Debt/Equity 0.00

P/E ratio 18.17

Fwd P/E 17.00

P/S ratio 2.97

P/B ratio 2.22

Past 5Y EPS Growth 8.83%

This Y EPS Growth 0.98%

Next Y EPS Growth 7.77%

Next Y revenue growth 2.01%

Next 5Y EPS Growth 7.30%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 54.07%

10-year low 10-year high

P/S against its own 10 years 47.11%

10-year low 10-year high

P/B against its own 10 years 23.41%

10-year low 10-year high

EV/Sales against its own 10 years 46.92%

10-year low 10-year high

EV/FCF against its own 10 years 86.93%

10-year low 10-year high

Dividends

Payout Ratio 0.40

Annual Dividend Rate 2.46

Annual Dividend Yield 2.17%

	total	individual payouts
2027	Powerpack
2026	1.97	0.49 0.50 0.50 0.50
2025	1.93	0.48 0.49 0.49 0.49
2024	1.89	0.47 0.48 0.48 0.48
2023	1.85	0.46 0.47 0.47 0.47
2022	1.80	0.44 0.46 0.46 0.46
2021	1.73	0.42 0.44 0.44 0.44
2020	1.64	0.38 0.42 0.42 0.42
2019	1.47	0.34 0.38 0.38 0.38
2018	1.28	0.26 0.34 0.34 0.34
2017	1.04	0.26 0.26 0.26 0.26
2016	0.99	0.25 0.23 0.26 0.26

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	1	1	0	4
Receivables	227	219	232	240
Inventory	—	—	—	—
Other	—	—	—	—
	228	220	232	244

	2023	2024	2025	Q'26
Payables	59	60	66	74
ST’ Debt	—	—	—	—
Other	—	—	—	—
	1,042	874	807	935

Compound Annual Growth %

	10y	5y	3y
Sales	8.85%	10.52%	14.10%
Cash Flow	5.89%	7.21%	9.56%
Earnings	14.47%	8.92%	10.73%
Book Value	12.54%	12.63%	15.45%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	199	221	—	—	—
’25	195	236	256	257	944
’24	188	213	267	244	911
’23	164	203	244	222	832
’22	125	153	174	183	636
’21	121	146	173	94	535
’20	129	138	156	149	573

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	42	63	—	—	—
’25	54	56	65	81	256
’24	59	79	199	37	374
’23	36	36	47	(24)	95
’22	52	30	51	61	194
’21	38	60	38	59	196
’20	46	52	34	49	181

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	1	(5)	—	—	—
’25	51	19	39	44	152
’24	(19)	23	192	27	224
’23	(37)	(4)	22	(84)	(102)
’22	17	(5)	34	17	63
’21	29	32	25	50	136
’20	17	38	35	37	128

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.10	1.37	—	—	—
’25	1.15	1.46	1.72	2.02	6.35
’24	0.93	0.84	6.08	1.58	9.43
’23	2.92	1.25	1.65	1.30	7.12
’22	0.77	1.07	1.25	1.62	4.70
’21	0.71	0.84	0.95	1.16	3.66
’20	0.81	0.92	1.15	1.27	4.16

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	21.46	32.09	44.76	48.20	44.32	64.58	71.17	85.63	95.50	94.99	Analyst estimates 2026–2028 Powerpack
	High	39.86	49.66	68.79	80.47	83.95	87.53	100.30	122.83	130.86	129.93
People
People	Employees	1,071	1,073	1,066	1,099	1,061	1,184	1,218	1,204	1,219	1,306
	Revenue/emp, $m	0.40	0.43	0.47	0.52	0.54	0.45	0.52	0.69	0.75	0.72
Income, $m
Income, $m	Revenue	424	462	498	570	573	535	636	832	911	944
	Gross margin, %	43.43	44.66	46.81	46.68	46.06	46.26	45.65	47.32	47.80	48.18
	EBT	67	83	105	129	132	116	135	149	314	213
	EBT margin, %	15.78	18.06	21.01	22.64	23.06	21.66	21.19	17.97	34.43	22.57
	Net income	38	154	79	97	102	90	115	175	232	156
	Depreciation	81	78	82	89	95	107	111	109	108	107
Per share, $
Per share, $	Revenue	17.74	19.25	20.64	23.51	23.70	22.07	26.10	34.00	37.12	38.38
	Earnings	1.60	6.41	3.29	3.99	4.22	3.70	4.73	7.14	9.44	6.35
	Cash flow	5.89	5.10	5.91	7.75	7.47	8.08	7.98	3.90	15.26	10.39
	Capex	(2.52)	(2.95)	(4.02)	(5.58)	(2.19)	(2.46)	(5.40)	(8.08)	(6.14)	(4.20)
	Free cash flow	3.37	2.15	1.89	2.17	5.28	5.63	2.59	(4.19)	9.11	6.19
	Book value	16.50	21.84	23.67	26.15	28.26	30.22	33.01	38.16	45.78	50.28
	Shares, m	24	24	24	24	24	24	24	24	25	25
Valuation, ×
Valuation, ×	P/E	23.66	7.40	15.65	19.18	15.90	21.69	20.80	16.31	11.85	16.52
	P/S	2.15	2.47	2.49	3.26	2.83	3.64	3.76	3.43	3.01	2.73
	P/B	2.31	2.17	2.17	2.93	2.37	2.66	2.97	3.05	2.44	2.09
	EV/Sales	2.14	2.46	2.49	3.25	2.83	3.63	3.76	3.42	3.01	2.73
	EV/FCF	11.30	22.05	27.15	35.20	12.70	14.26	37.93	(27.80)	12.27	16.94
Cash, $m
Cash, $m	Operating cash flow	141	122	143	188	181	196	194	95	374	256
	Capex	(60)	(71)	(97)	(135)	(53)	(59)	(131)	(198)	(151)	(103)
	Free cash flow	81	52	46	53	128	136	63	(102)	224	152
Balance, $m
Balance, $m	Working capital	(319)	(321)	(317)	(327)	(253)	(460)	(476)	(814)	(654)	(574)
	Total debt	326	303	299	303	231	437	426	—	—	—
	Net debt	(1)	(3)	(2)	(2)	(1)	(1)	(1)	(1)	(1)	0
	Shareholders’ equity	394	524	572	634	683	732	804	934	1,123	1,237
Returns, %
Returns, %	ROA	3.35	13.52	6.71	7.66	7.89	6.25	6.97	8.90	10.31	6.75
	ROIC	12.59	11.35	12.88	13.99	12.91	10.63	11.46	12.71	13.60	12.31
	ROE	9.88	33.52	14.49	16.06	15.49	12.68	14.99	20.10	22.53	13.24

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
GATX GATX Corporation	$5.8B	16.4×	17.1×	+34.75% (above 0%: growing)	+37.68% (above 0%: growing)	+231.20% (above 0%: growing)	72.56%	27.65%	Compare
HRI Herc Holdings Inc.	$4.2B	82.7×	26.2×	+20.16% (above 0%: growing)	n/m	+100.00% (above 0%: growing)	51.41%	12.21%	Compare
CAR Avis Budget Group, Inc.	$3.9B	— (loss-making)	51.7×	−1.35% (below 0%: shrinking)	+900.00% (above 0%: growing)	−28.24% (below 0%: shrinking)	49.10%	14.81%	Compare
EQPT EquipmentShare.com Inc.	$3.7B	15.1×	38.5×	+102.37% (above 0%: growing)	n/m	−17.02% (below 0%: shrinking)	28.36%	6.49%	Compare
WSC WillScot Holdings Corporation	$3.0B	— (loss-making)	25.5×	+3.92% (above 0%: growing)	0.00%	−60.91% (below 0%: shrinking)	61.83%	19.19%	Compare
MGRC McGrath RentCorp	$2.8B	18.2×	17.0×	−6.16% (below 0%: shrinking)	−5.48% (below 0%: shrinking)	−124.93% (below 0%: shrinking)	48.80%	24.10%
CTOS Custom Truck One Source, Inc.	$2.1B	100×	84.3×	+10.16% (above 0%: growing)	n/m	−104.58% (below 0%: shrinking)	22.00%	8.27%	Compare
VSTS Vestis Corporation	$1.9B	— (loss-making)	168×	−1.80% (below 0%: shrinking)	n/m	+478.29% (above 0%: growing)	28.02%	5.63%	Compare
PRG Aaron's Holdings Company, Inc.	$1.2B	8.4×	9.1×	+22.30% (above 0%: growing)	−4.17% (below 0%: shrinking)	+48.39% (above 0%: growing)	89.48%	9.12%	Compare
Median of peers	$3.3B	16.4×	32.4×	+15.16%	+18.84%	+15.69%	50.26%	10.67%

All 20 Rental & Leasing Services stocks →

McGrath RentCorp (MGRC) key facts

Concern: Net income was $156.3 million, or $6.35 per share (basic), a net margin of 16.6%.
Strength: McGrath RentCorp’s revenue for fiscal 2025 (year ended December 2025) was $944.2 million, up 3.65% from fiscal 2024.
McGrath RentCorp (MGRC) is a Rental & Leasing Services company in the Industrials sector, listed on Nasdaq.
As of October 16, 2026, MGRC traded at $113.03, a market capitalization of $2.8 billion.
At that price the stock trades at 18.2× trailing-twelve-month earnings and 3.0× sales; its P/E is higher than 54% of its own readings over the past ten years.
McGrath RentCorp pays an annual dividend of $2.46 per share, a yield of 2.17%, with a payout ratio of 39.5%.
Return on equity was 13.2% and debt-to-equity 0.00.
Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 2.49 (grey zone) for fiscal 2025.