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 '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
16.52 | 11.85 | 16.31 | 20.80 | 21.69 | 15.90 | 19.18 | 15.65 | 7.40 | 23.66 |
Piotroski F-Score |
7 | 7 | 6 | 7 | 5 | 7 | 7 | 7 | 6 | 7 |
Altman Z-Score |
2.49 | 2.45 | 2.11 | 2.49 | 2.14 | 2.85 | 2.70 | 2.11 | 1.94 | 1.40 |
P/S ratio |
2.73 | 3.01 | 3.43 | 3.76 | 3.64 | 2.83 | 3.26 | 2.49 | 2.47 | 2.15 |
P/FCF ratio |
16.94 | 12.27 | 0.00 | 37.94 | 14.27 | 12.71 | 35.25 | 27.18 | 22.10 | 11.31 |
Altman Z″-Score (non-manufacturers) |
1.80 | 1.30 | 0.14 | 1.01 | 0.79 | 2.12 | 1.39 | 1.12 | 0.80 | 0.03 |
Beneish M-Score |
(2.61) | (2.74) | (2.26) | (2.39) | (2.05) | (2.76) | (2.68) | (2.57) | (2.03) | (2.95) |
P/Operating CF |
31.90 | 74.61 | (120.94) | 39.10 | 32.69 | 33.10 | 36.31 | 27.12 | 27.61 | 25.70 |
Dividend Safety Score |
90 | — | — | — | — | — | — | — | — | — |
P/B ratio |
2.09 | 2.44 | 3.05 | 2.97 | 2.66 | 2.37 | 2.93 | 2.17 | 2.17 | 2.31 |
Price to Tangible BV |
3.01 | 3.68 | 5.22 | 3.61 | 3.52 | 2.50 | 3.10 | 2.32 | 2.33 | 2.54 |
EV/Sales |
2.73 | 3.01 | 3.42 | 3.76 | 3.63 | 2.83 | 3.25 | 2.49 | 2.46 | 2.14 |
EV/EBITDA |
7.36 | 7.80 | 9.52 | 9.24 | 8.41 | 6.88 | 8.03 | 6.22 | 6.56 | 5.67 |
EV/Operating CF |
10.10 | 7.33 | 29.88 | 12.29 | 9.92 | 8.97 | 9.86 | 8.70 | 9.29 | 6.46 |
EV/FCF |
16.94 | 12.27 | (27.80) | 37.93 | 14.26 | 12.70 | 35.20 | 27.15 | 22.05 | 11.30 |
Quick Ratio |
0.29 | 0.25 | 0.22 | 0.26 | 0.26 | 0.33 | 0.29 | 0.28 | 0.25 | 0.22 |
Current Ratio |
0.29 | 0.25 | 0.22 | 0.26 | 0.26 | 0.33 | 0.29 | 0.28 | 0.25 | 0.28 |
Net Debt/EBITDA |
0.00 | 0.00 | 0.00 | 0.00 | (0.01) | (0.01) | (0.01) | (0.01) | (0.01) | (0.01) |
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 |
0.41 | 0.41 | 0.42 | 0.38 | 0.37 | 0.44 | 0.45 | 0.42 | 0.41 | 0.37 |
Operating CF/Net income |
1.64 | 1.62 | 0.55 | 1.69 | 2.18 | 1.77 | 1.94 | 1.80 | 0.80 | 3.68 |
Capex/Depreciation |
(0.96) | (1.40) | (1.81) | (1.18) | (0.56) | (0.56) | (1.51) | (1.18) | (0.90) | (0.74) |
Interest Coverage |
7.96 | 5.17 | 4.68 | 12.04 | 15.07 | 16.02 | 11.46 | 9.55 | 8.15 | 6.49 |
| 13.24% | 22.53% | 20.10% | 14.99% | 12.68% | 15.49% | 16.06% | 14.49% | 33.52% | 9.88% | |
| 6.75% | 10.31% | 8.90% | 6.97% | 6.25% | 7.89% | 7.66% | 6.71% | 13.52% | 3.35% | |
ROIC |
12.31% | 13.60% | 12.71% | 11.46% | 10.63% | 12.91% | 13.99% | 12.88% | 11.35% | 12.59% |
Return on Tangible Assets |
14.47% | 24.89% | 25.50% | 17.64% | 12.12% | 12.41% | 12.55% | 11.16% | 23.29% | 5.89% |
Average Days of Receivables |
89.63 | 87.89 | 99.77 | 97.58 | 108.90 | 78.61 | 82.00 | 88.64 | 83.64 | 83.38 |
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 |
22.38% | 22.00% | 24.95% | 22.48% | 23.02% | 21.48% | 21.88% | 23.23% | 24.16% | 24.74% |
Intangible Assets out of Total Assets |
0.16 | 0.17 | 0.17 | 0.08 | 0.11 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 |
Share Based Compensation of Revenue |
1.19% | 1.04% | 0.99% | 1.26% | 1.43% | 0.97% | 1.03% | 0.82% | 0.69% | 0.73% |
Graham Net Nets |
(0.34) | (0.34) | (0.37) | (0.31) | (0.36) | (0.29) | (0.29) | (0.42) | (0.45) | (0.67) |
Graham Number |
84.76 | 98.60 | 78.30 | 59.21 | 50.16 | 51.80 | 48.45 | 41.86 | 56.13 | 24.45 |
Earnings Yield |
6.05% | 8.44% | 6.13% | 4.81% | 4.61% | 6.29% | 5.21% | 6.39% | 13.51% | 4.23% |
Free Cash Flow Yield |
5.90% | 8.15% | (3.60%) | 2.64% | 7.01% | 7.87% | 2.84% | 3.68% | 4.52% | 8.84% |
Revenue per Share |
38.38 | 37.12 | 34.00 | 26.10 | 22.07 | 23.70 | 23.51 | 20.64 | 19.25 | 17.74 |
Operating CF per Share |
10.39 | 15.26 | 3.90 | 7.98 | 8.08 | 7.47 | 7.75 | 5.91 | 5.10 | 5.89 |
Capex per Share |
(4.20) | (6.14) | (8.08) | (5.40) | (2.46) | (2.19) | (5.58) | (4.02) | (2.95) | (2.52) |
Free Cash Flow per Share |
6.19 | 9.11 | (4.19) | 2.59 | 5.63 | 5.28 | 2.17 | 1.89 | 2.15 | 3.37 |
Cash per Share |
0.01 | 0.03 | 0.04 | 0.04 | 0.06 | 0.05 | 0.10 | 0.06 | 0.10 | 0.04 |
Shareholders Equity per Share |
50.28 | 45.78 | 38.16 | 33.01 | 30.22 | 28.26 | 26.15 | 23.67 | 21.84 | 16.50 |
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 |
50.28 | 45.78 | 38.16 | 33.01 | 30.22 | 28.26 | 26.15 | 23.67 | 21.84 | 16.50 |
Free Cash Flow |
152.36 | 223.62 | (102.45) | 63.01 | 136.26 | 127.50 | 52.66 | 45.72 | 51.54 | 80.52 |
Working Capital |
(574.35) | (653.94) | (813.68) | (476.47) | (460.49) | (252.51) | (327.13) | (316.59) | (320.67) | (318.66) |
Capital Expenditures |
(103.33) | (150.75) | (197.80) | (131.43) | (59.49) | (53.00) | (135.34) | (96.95) | (70.85) | (60.18) |
Net Current Asset Value |
(887.93) | (934.07) | (1,055.24) | (733.00) | (702.91) | (468.59) | (545.40) | (523.26) | (515.30) | (610.68) |
EV/EBIT |
10.60 | 11.23 | 15.02 | 16.22 | 15.63 | 11.51 | 13.11 | 10.57 | 12.00 | 11.48 |
Capex to Sales |
0.11 | 0.17 | 0.24 | 0.21 | 0.11 | 0.09 | 0.24 | 0.19 | 0.15 | 0.14 |
Price to Operating Income |
10.60 | 11.23 | 15.02 | 16.23 | 15.64 | 11.52 | 13.13 | 10.58 | 12.02 | 11.49 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.06 | 0.07 | 0.07 | 0.10 | 0.09 | 0.09 | 0.08 | 0.08 | 0.08 | 0.08 |
Cash ROIC |
12.31% | 19.89% | (10.96%) | 7.83% | 18.58% | 18.65% | 8.27% | 7.98% | 9.79% | 20.38% |
Accounts Receivable Turnover |
4.19 | 4.08 | 4.19 | 3.86 | 3.78 | 4.55 | 4.58 | 4.39 | 4.56 | 4.18 |
Accounts Payable Turnover |
7.75 | 8.00 | 4.17 | 2.40 | 2.35 | 2.84 | 3.04 | 2.99 | 3.11 | 3.20 |
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 |
49.41 | 46.12 | 48.94 | 159.76 | 173.20 | 128.05 | 131.05 | 125.09 | 123.35 | 118.98 |
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 |
225.60 | 223.36 | 198.65 | 164.72 | 141.41 | 125.71 | 124.56 | 113.44 | 101.37 | 101.45 |
Average Payables |
63.16 | 59.42 | 104.98 | 143.76 | 122.32 | 108.75 | 100.01 | 88.63 | 82.31 | 75.07 |
Average Assets |
2,317.35 | 2,247.43 | 1,962.56 | 1,651.89 | 1,435.84 | 1,292.81 | 1,263.60 | 1,182.59 | 1,138.07 | 1,140.41 |
Average Common Equity |
1,180.20 | 1,028.59 | 868.87 | 767.98 | 707.31 | 658.32 | 602.79 | 547.86 | 459.24 | 386.99 |
Columns are period end dates