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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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
23.66 | 7.40 | 15.65 | 19.18 | 15.90 | 21.69 | 20.80 | 16.31 | 11.85 | 16.52 |
Piotroski F-Score |
7 | 6 | 7 | 7 | 7 | 5 | 7 | 6 | 7 | 7 |
Altman Z-Score |
1.40 | 1.94 | 2.11 | 2.70 | 2.85 | 2.14 | 2.49 | 2.11 | 2.45 | 2.49 |
P/S ratio |
2.15 | 2.47 | 2.49 | 3.26 | 2.83 | 3.64 | 3.76 | 3.43 | 3.01 | 2.73 |
P/FCF ratio |
11.31 | 22.10 | 27.18 | 35.25 | 12.71 | 14.27 | 37.94 | 0.00 | 12.27 | 16.94 |
Altman Z″-Score (non-manufacturers) |
0.03 | 0.80 | 1.12 | 1.39 | 2.12 | 0.79 | 1.01 | 0.14 | 1.30 | 1.80 |
Beneish M-Score |
(2.95) | (2.03) | (2.57) | (2.68) | (2.76) | (2.05) | (2.39) | (2.26) | (2.74) | (2.61) |
P/Operating CF |
25.70 | 27.61 | 27.12 | 36.31 | 33.10 | 32.69 | 39.10 | (120.94) | 74.61 | 31.90 |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 90 |
P/B ratio |
2.31 | 2.17 | 2.17 | 2.93 | 2.37 | 2.66 | 2.97 | 3.05 | 2.44 | 2.09 |
Price to Tangible BV |
2.54 | 2.33 | 2.32 | 3.10 | 2.50 | 3.52 | 3.61 | 5.22 | 3.68 | 3.01 |
EV/Sales |
2.14 | 2.46 | 2.49 | 3.25 | 2.83 | 3.63 | 3.76 | 3.42 | 3.01 | 2.73 |
EV/EBITDA |
5.67 | 6.56 | 6.22 | 8.03 | 6.88 | 8.41 | 9.24 | 9.52 | 7.80 | 7.36 |
EV/Operating CF |
6.46 | 9.29 | 8.70 | 9.86 | 8.97 | 9.92 | 12.29 | 29.88 | 7.33 | 10.10 |
EV/FCF |
11.30 | 22.05 | 27.15 | 35.20 | 12.70 | 14.26 | 37.93 | (27.80) | 12.27 | 16.94 |
Quick Ratio |
0.22 | 0.25 | 0.28 | 0.29 | 0.33 | 0.26 | 0.26 | 0.22 | 0.25 | 0.29 |
Current Ratio |
0.28 | 0.25 | 0.28 | 0.29 | 0.33 | 0.26 | 0.26 | 0.22 | 0.25 | 0.29 |
Net Debt/EBITDA |
(0.01) | (0.01) | (0.01) | (0.01) | (0.01) | (0.01) | 0.00 | 0.00 | 0.00 | 0.00 |
Debt/Assets |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Debt/Equity |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Asset Turnover |
0.37 | 0.41 | 0.42 | 0.45 | 0.44 | 0.37 | 0.38 | 0.42 | 0.41 | 0.41 |
Operating CF/Net income |
3.68 | 0.80 | 1.80 | 1.94 | 1.77 | 2.18 | 1.69 | 0.55 | 1.62 | 1.64 |
Capex/Depreciation |
(0.74) | (0.90) | (1.18) | (1.51) | (0.56) | (0.56) | (1.18) | (1.81) | (1.40) | (0.96) |
Interest Coverage |
6.49 | 8.15 | 9.55 | 11.46 | 16.02 | 15.07 | 12.04 | 4.68 | 5.17 | 7.96 |
| 9.88% | 33.52% | 14.49% | 16.06% | 15.49% | 12.68% | 14.99% | 20.10% | 22.53% | 13.24% | |
| 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% |
Return on Tangible Assets |
5.89% | 23.29% | 11.16% | 12.55% | 12.41% | 12.12% | 17.64% | 25.50% | 24.89% | 14.47% |
Average Days of Receivables |
83.38 | 83.64 | 88.64 | 82.00 | 78.61 | 108.90 | 97.58 | 99.77 | 87.89 | 89.63 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
24.74% | 24.16% | 23.23% | 21.88% | 21.48% | 23.02% | 22.48% | 24.95% | 22.00% | 22.38% |
Intangible Assets out of Total Assets |
0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.11 | 0.08 | 0.17 | 0.17 | 0.16 |
Share Based Compensation of Revenue |
0.73% | 0.69% | 0.82% | 1.03% | 0.97% | 1.43% | 1.26% | 0.99% | 1.04% | 1.19% |
Graham Net Nets |
(0.67) | (0.45) | (0.42) | (0.29) | (0.29) | (0.36) | (0.31) | (0.37) | (0.34) | (0.34) |
Graham Number |
24.45 | 56.13 | 41.86 | 48.45 | 51.80 | 50.16 | 59.21 | 78.30 | 98.60 | 84.76 |
Earnings Yield |
4.23% | 13.51% | 6.39% | 5.21% | 6.29% | 4.61% | 4.81% | 6.13% | 8.44% | 6.05% |
Free Cash Flow Yield |
8.84% | 4.52% | 3.68% | 2.84% | 7.87% | 7.01% | 2.64% | (3.60%) | 8.15% | 5.90% |
Revenue per Share |
17.74 | 19.25 | 20.64 | 23.51 | 23.70 | 22.07 | 26.10 | 34.00 | 37.12 | 38.38 |
Operating CF per Share |
5.89 | 5.10 | 5.91 | 7.75 | 7.47 | 8.08 | 7.98 | 3.90 | 15.26 | 10.39 |
Capex per Share |
(2.52) | (2.95) | (4.02) | (5.58) | (2.19) | (2.46) | (5.40) | (8.08) | (6.14) | (4.20) |
Free Cash Flow per Share |
3.37 | 2.15 | 1.89 | 2.17 | 5.28 | 5.63 | 2.59 | (4.19) | 9.11 | 6.19 |
Cash per Share |
0.04 | 0.10 | 0.06 | 0.10 | 0.05 | 0.06 | 0.04 | 0.04 | 0.03 | 0.01 |
Shareholders Equity per Share |
16.50 | 21.84 | 23.67 | 26.15 | 28.26 | 30.22 | 33.01 | 38.16 | 45.78 | 50.28 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
16.50 | 21.84 | 23.67 | 26.15 | 28.26 | 30.22 | 33.01 | 38.16 | 45.78 | 50.28 |
Free Cash Flow |
80.52 | 51.54 | 45.72 | 52.66 | 127.50 | 136.26 | 63.01 | (102.45) | 223.62 | 152.36 |
Working Capital |
(318.66) | (320.67) | (316.59) | (327.13) | (252.51) | (460.49) | (476.47) | (813.68) | (653.94) | (574.35) |
Capital Expenditures |
(60.18) | (70.85) | (96.95) | (135.34) | (53.00) | (59.49) | (131.43) | (197.80) | (150.75) | (103.33) |
Net Current Asset Value |
(610.68) | (515.30) | (523.26) | (545.40) | (468.59) | (702.91) | (733.00) | (1,055.24) | (934.07) | (887.93) |
EV/EBIT |
11.48 | 12.00 | 10.57 | 13.11 | 11.51 | 15.63 | 16.22 | 15.02 | 11.23 | 10.60 |
Capex to Sales |
0.14 | 0.15 | 0.19 | 0.24 | 0.09 | 0.11 | 0.21 | 0.24 | 0.17 | 0.11 |
Price to Operating Income |
11.49 | 12.02 | 10.58 | 13.13 | 11.52 | 15.64 | 16.23 | 15.02 | 11.23 | 10.60 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.08 | 0.08 | 0.08 | 0.08 | 0.09 | 0.09 | 0.10 | 0.07 | 0.07 | 0.06 |
Cash ROIC |
20.38% | 9.79% | 7.98% | 8.27% | 18.65% | 18.58% | 7.83% | (10.96%) | 19.89% | 12.31% |
Accounts Receivable Turnover |
4.18 | 4.56 | 4.39 | 4.58 | 4.55 | 3.78 | 3.86 | 4.19 | 4.08 | 4.19 |
Accounts Payable Turnover |
3.20 | 3.11 | 2.99 | 3.04 | 2.84 | 2.35 | 2.40 | 4.17 | 8.00 | 7.75 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
118.98 | 123.35 | 125.09 | 131.05 | 128.05 | 173.20 | 159.76 | 48.94 | 46.12 | 49.41 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
101.45 | 101.37 | 113.44 | 124.56 | 125.71 | 141.41 | 164.72 | 198.65 | 223.36 | 225.60 |
Average Payables |
75.07 | 82.31 | 88.63 | 100.01 | 108.75 | 122.32 | 143.76 | 104.98 | 59.42 | 63.16 |
Average Assets |
1,140.41 | 1,138.07 | 1,182.59 | 1,263.60 | 1,292.81 | 1,435.84 | 1,651.89 | 1,962.56 | 2,247.43 | 2,317.35 |
Average Common Equity |
386.99 | 459.24 | 547.86 | 602.79 | 658.32 | 707.31 | 767.98 | 868.87 | 1,028.59 | 1,180.20 |
Columns are period end dates