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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.

Revenue
+7.08%
EPS
+16.2%
Free cash flow
−132.8%

Quarter to September 2026, against a year earlier

127.67 5.19 −3.91%
Market cap
$3.1B
P/E
19.6×
Fwd P/E
18.6×
Dividend yield
1.54%
F-score
7/9
Altman Z
2.49
Beneish M
−2.61
Dividend safety
90/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 8.55
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 1 — — — — 3 4 1 3 — 1 2
Insider Ownership 1.57%

Capital & Financial Ratios $m

Size
Market Cap 3,110.00
Revenue ttm 951.02
Net income ttm 159.34
Free cash flow ttm 27.67
Net debt Q (1.04)
Valuation
P/E 19.64
Forward P/E 18.60
Price / sales 3.28
Forward P/S Powerpack
Price / FCF 112.64
Price / book 2.44
Financial health
Current ratio Q 0.25 (below 1: weak)
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q 9.28
Growth
Revenue growth Q +7.08% (above 0%: growing)
Operating income growth Q +10.82% (above 0%: growing)
EPS, this year +0.05%
EPS, next year A +5.85%
Revenue, next year A +1.13%
EPS, past 5 yrs +8.83%
EPS, next 5 yrs A +4.66%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 3.3×, against a ten-year median of 3.0×; over the ten years it ranged from 1.4× in 2016 to 4.4× in 2022.
P/E against its own 10 years 69.12%
10-year low 10-year high
P/S against its own 10 years 74.18%
10-year low 10-year high
P/B against its own 10 years 42.57%
10-year low 10-year high
EV/Sales against its own 10 years 74.55%
10-year low 10-year high
EV/FCF against its own 10 years 94.79%
10-year low 10-year high

Dividends raised every year since 2018

Yield
1.54%
Annual rate
1.97
Payout ratio
30.4%
Growth, 2018–26
+5.54%/yr
  1. 1.28 ’18
  2. 1.47 ’19 +14
  3. 1.64 ’20 +12
  4. 1.73 ’21 +6
  5. 1.80 ’22 +4
  6. 1.85 ’23 +3
  7. 1.89 ’24 +2
  8. 1.93 ’25 +2
  9. 1.97 ’26 +2
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 1 1 0 1
Receivables 227 219 232 245
Inventory — — — —
Other — — — —
228 220 232 246
2023 2024 2025 Q'26
Payables 59 60 66 69
ST’ Debt — — — —
Other — — — —
1,042 874 807 967

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%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 1.80 Actual 2.00

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 1.74 2.02 Beat by 0.28
Q1 FY26 1.13 1.10 Miss by 0.03
Q2 FY26 1.46 1.37 Miss by 0.09
Q3 FY26 1.80 2.00 Beat by 0.20
Q4 FY26 1.91 — Reports 24 February 2027

EPS $

Mar Jun Sep Dec Year
’26 1.10 1.37 2.00 — —
’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.

Revenue $m

Mar Jun Sep Dec Year
’26 199 221 275 — —
’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 72 — —
’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) (13) — —
’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.

Target Price Range

Analyst price targets

Recommendation Rating

1.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 424 462 498 570 573 535 636 832 911 944 951 +9.3% 955 991 1,020 +2.6%
Gross margin, % 43.43 44.66 46.81 46.68 46.06 46.26 45.65 47.32 47.80 48.18 48.81 +4.7 pt
EBT 67 83 105 129 132 116 135 149 314 213 217 +13.7%
EBT margin, % 15.78 18.06 21.01 22.64 23.06 21.66 21.19 17.97 34.43 22.57 22.78 +6.8 pt
Net income 38 154 79 97 102 90 115 175 232 156 159 +16.9%
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 38.96 +9.0%
Earnings 1.60 6.41 3.29 3.99 4.22 3.70 4.73 7.14 9.44 6.35 6.50 +16.6%
Cash flow 5.89 5.10 5.91 7.75 7.47 8.08 7.98 3.90 15.26 10.39 10.60 +6.5%
Capex (2.52) (2.95) (4.02) (5.58) (2.19) (2.46) (5.40) (8.08) (6.14) (4.20) (9.47) +5.8%
Free cash flow 3.37 2.15 1.89 2.17 5.28 5.63 2.59 (4.19) 9.11 6.19 1.13 +7.0%
Book value 16.50 21.84 23.67 26.15 28.26 30.22 33.01 38.16 45.78 50.28 52.35 +13.2%
Shares, m 24 24 24 24 24 24 24 24 25 25 25 +0.3%
Valuation, ×
Valuation, × P/E 23.66 7.40 15.65 19.18 15.90 21.69 20.80 16.31 11.85 16.52 19.64 16.9
P/S 2.15 2.47 2.49 3.26 2.83 3.64 3.76 3.43 3.01 2.73 3.28 3.0
P/B 2.31 2.17 2.17 2.93 2.37 2.66 2.97 3.05 2.44 2.09 2.44 2.5
EV/Sales 2.14 2.46 2.49 3.25 2.83 3.63 3.76 3.42 3.01 2.73 3.28 3.0
EV/FCF 11.30 22.05 27.15 35.20 12.70 14.26 37.93 (27.80) 12.27 16.94 112.60 16.2
Cash, $m
Cash, $m Operating cash flow 141 122 143 188 181 196 194 95 374 256 259 +6.9%
Capex (60) (71) (97) (135) (53) (59) (131) (198) (151) (103) (231) +6.2%
Free cash flow 81 52 46 53 128 136 63 (102) 224 152 28 +7.3%
Balance, $m
Balance, $m Working capital (319) (321) (317) (327) (253) (460) (476) (814) (654) (574) (721) +6.8%
Net debt (1) (3) (2) (2) (1) (1) (1) (1) (1) 0 (1) (11.1%)
Shareholders’ equity 394 524 572 634 683 732 804 934 1,123 1,237 1,278 +13.5%
Returns, %
Returns, % ROA 3.35 13.52 6.71 7.66 7.89 6.25 6.97 8.90 10.31 6.75 6.47 +3.4 pt
ROIC 12.59 11.35 12.88 13.99 12.91 10.63 11.46 12.71 13.60 12.31 11.98 (0.3) pt
ROE 9.88 33.52 14.49 16.06 15.49 12.68 14.99 20.10 22.53 13.24 12.88 +3.4 pt
People
People Employees 1,071 1,073 1,066 1,099 1,061 1,184 1,218 1,204 1,219 1,306 — +2.2%
Revenue/emp, $m 0.40 0.43 0.47 0.52 0.54 0.45 0.52 0.69 0.75 0.72 — +6.9%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

McGrath RentCorp vs peers in Rental & Leasing Services (Q) = latest quarter vs a year earlier

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 $6.5B 17.4× 17.8× +36.13% (above 0%: growing) +30.22% (above 0%: growing) +145.40% (above 0%: growing) 74.97% 32.17% Compare
HRI Herc Holdings Inc. $5.0B 40.8× 25.2× +4.60% (above 0%: growing) +245.98% (above 0%: growing) −330.00% (below 0%: shrinking) 55.35% 18.18% Compare
CAR Avis Budget Group, Inc. $4.3B — (loss-making) 83.1× −2.36% (below 0%: shrinking) −44.84% (below 0%: shrinking) −11.76% (below 0%: shrinking) 52.82% 19.79% Compare
EQPT EquipmentShare.com Inc. $3.5B 15.4× 39.0× +102.37% (above 0%: growing) n/m −17.02% (below 0%: shrinking) 28.36% 6.49% Compare
WSC WillScot Holdings Corporation $3.2B — (loss-making) 17.6× +6.09% (above 0%: growing) +16.67% (above 0%: growing) +61.99% (above 0%: growing) 63.18% 20.99% Compare
MGRC McGrath RentCorp $3.1B 19.6× 18.6× +7.08% (above 0%: growing) +16.23% (above 0%: growing) −132.83% (below 0%: shrinking) 47.66% 26.93%
CTOS Custom Truck One Source, Inc. $2.1B 71.6× 82.8× +2.73% (above 0%: growing) n/m +540.01% (above 0%: growing) 22.87% 7.69% Compare
VSTS Vestis Corporation $1.9B — (loss-making) 93.4× −1.80% (below 0%: shrinking) n/m +478.29% (above 0%: growing) 28.02% 5.63% Compare
PRG Aaron's Holdings Company, Inc. $1.5B 10.3× 9.1× +25.63% (above 0%: growing) +13.23% (above 0%: growing) −2.74% (below 0%: shrinking) 89.55% 9.09% Compare
Median of peers $3.4B 17.4× 32.1× +5.35% +16.67% +29.63% 54.09% 13.64%

All 20 Rental & Leasing Services stocks →

Pay and ownership Proxy statement filed 24 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 6.52m 5.89m 172.37
2024 5.48m 4.48m 180.65
2023 4.77m 8.50m 189.99
2022 3.12m 4.87m 153.87
2021 3.26m 4.39m 122.32

Ownership

Directors and executive officers, together 1.40%
The Vanguard Group 10.90%
River Road Asset Management, LLC 8.70%
BlackRock, Inc. 7.40%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

McGrath RentCorp (MGRC) Latest News

29 Oct

Impact 4 · · MarketBeat
Impact 3 · · The Motley Fool transcript

28 Oct

Impact 4 · · Business Wire earnings
Impact 3 · · Zacks
Impact 3 · · Zacks
Impact 3 · · Associated Press

14 Oct

Impact 3 · · Simply Wall St.
Impact 3 · · Simply Wall St.

22 Sep

Impact 3 · · Insider Monkey

11 Sep

Impact 4 ·

7 Aug

Impact 3 · · The Motley Fool transcript

30 Jul

Impact 3 · · Moby transcript
Impact 3 ·

29 Jul

Impact 4 ·
Impact 3 · · MarketBeat transcript
Impact 3 ·

17 May

Impact 3 · · Simply Wall St.

16 May

Impact 3 · · The Motley Fool

11 May

Impact 4 · · Business Wire

2 May

Impact 3 · · Simply Wall St.

30 Apr

Impact 4 · · Moby

29 Apr

Impact 4 · · The Motley Fool transcript
Impact 4 · · Business Wire
Impact 3 · · MarketBeat
Impact 3 · · Zacks

13 Mar

Impact 3 · · Insider Monkey

28 Feb

Impact 3 · · The Motley Fool

26 Feb

Impact 4 · · Moby
Impact 4 · · MarketBeat
Impact 4 · · GuruFocus.com

MGRC metrics, ten years each

stockrow.com/MGRC · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com