NASDAQ : MGRC
McGrath RentCorp — Financial statements
Industrials · Rental & Leasing Services · United States
Last price 119.6 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 2.91B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
McGrath RentCorp (MGRC) reported revenue of 951.02M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 941.96M | 934.84M | 900.72M | 819.66M | 632.35M | 531.50M |
| Other Revenue | 9.06M | 9.40M | 10.22M | 12.18M | 3.32M | 3.09M |
| Revenue | 951.02M | 944.24M | 910.94M | 831.84M | 635.66M | 534.59M |
| Cost of Revenue | 486.78M | 489.26M | 475.53M | 438.21M | 345.46M | 287.27M |
| Gross Profit | 464.24M | 454.98M | 435.42M | 393.63M | 290.21M | 247.32M |
| Selling, General & Admin | 112.49M | 102.58M | 91.08M | 97.02M | 48.62M | 34.59M |
| Operating Expenses | 221.26M | 211.35M | 200.43M | 207.54M | 142.91M | 123.06M |
| Operating Income | 242.98M | 243.62M | 234.98M | 186.09M | 147.29M | 124.26M |
| Interest Expense | -28.07M | -30.62M | -47.24M | -40.56M | -12.23M | -8.24M |
| Currency Exchange Gain (Loss) | -51.00K | 80.00K | -215.00K | 310.00K | -378.00K | -210.00K |
| EBT Excluding Unusual Items | 214.86M | 213.08M | 187.53M | 145.84M | 134.69M | 115.81M |
| Merger & Restructuring Charges | -63.16M | |||||
| Gain (Loss) on Sale of Assets | 1.81M | 9.28M | 3.62M | |||
| Other Unusual Items | 180.00M | |||||
| Pretax Income | 216.67M | 213.08M | 313.65M | 149.46M | 134.69M | 115.81M |
| Income Tax Expense | 57.34M | 56.77M | 81.92M | 37.61M | 31.38M | 30.73M |
| Earnings From Continuing Operations | 159.34M | 156.31M | 231.73M | 111.85M | 103.31M | 85.08M |
| Earnings From Discontinued Operations | 62.77M | 11.83M | 4.62M | |||
| Net Income | 159.34M | 156.31M | 231.73M | 174.62M | 115.14M | 89.70M |
| Net Income to Common | 159.34M | 156.31M | 231.73M | 174.62M | 115.14M | 89.70M |
| Shares Outstanding (Basic) | 24.53M | 24.60M | 24.54M | 24.47M | 24.35M | 24.22M |
| Shares Outstanding (Diluted) | 24.56M | 24.63M | 24.57M | 24.53M | 24.52M | 24.52M |
| EPS (Basic) | 6.50 | 6.35 | 9.44 | 7.14 | 4.73 | 3.70 |
| EPS (Diluted) | 6.49 | 6.35 | 9.43 | 7.12 | 4.69 | 3.66 |
| Free Cash Flow | 24.92M | 152.36M | 211.37M | -112.16M | 63.01M | 136.25M |
| Free Cash Flow Per Share | 1.01 | 6.18 | 8.60 | -4.57 | 2.57 | 5.56 |
| Dividend Per Share | 1.97 | 1.94 | 1.90 | 1.86 | 1.82 | 1.74 |
| Gross Margin | 48.81% | 48.19% | 47.80% | 47.32% | 45.65% | 46.26% |
| Operating Margin | 25.55% | 25.80% | 25.80% | 22.37% | 23.17% | 23.24% |
| Profit Margin | 16.75% | 16.55% | 25.44% | 20.99% | 18.11% | 16.78% |
| Free Cash Flow Margin | 2.62% | 16.13% | 23.20% | -13.48% | 9.91% | 25.49% |
| EBITDA | 263.69M | 263.75M | 254.17M | 206.56M | 178.21M | 155.51M |
| EBITDA Margin | 27.73% | 27.93% | 27.90% | 24.83% | 28.04% | 29.09% |
| D&A For EBITDA | 20.71M | 20.13M | 19.19M | 20.46M | 30.92M | 31.25M |
| EBIT | 242.98M | 243.62M | 234.98M | 186.09M | 147.29M | 124.26M |
| EBIT Margin | 25.55% | 25.80% | 25.80% | 22.37% | 23.17% | 23.24% |
| Effective Tax Rate | 26.46% | 26.64% | 26.12% | 25.16% | 23.30% | 26.53% |
| Revenue as Reported | 951.02M | 944.24M | 910.94M | 831.84M | 635.66M | 534.59M |
| Advertising Expenses | 6.70M | 6.20M | 5.90M | 5.00M | 5.10M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.04M | 295.00K | 807.00K | 877.00K | 957.00K | 1.49M |
| Cash & Short-Term Investments | 1.04M | 295.00K | 807.00K | 877.00K | 957.00K | 1.49M |
| Accounts Receivable | 244.85M | 231.87M | 219.34M | 227.37M | 169.94M | 159.50M |
| Receivables | 244.85M | 231.87M | 219.34M | 227.37M | 169.94M | 159.50M |
| Inventory | 9.59M | 8.03M | 14.30M | 15.43M | ||
| Prepaid Expenses | 123.04M | 70.45M | 67.88M | 72.56M | 43.95M | |
| Other Current Assets | 196.25M | |||||
| Total Current Assets | 378.51M | 310.64M | 302.33M | 316.23M | 367.14M | 204.94M |
| Property, Plant & Equipment | 263.68M | 246.39M | 210.04M | 183.91M | 150.31M | 146.32M |
| Goodwill | 337.36M | 332.58M | 323.22M | 323.22M | 106.40M | 132.39M |
| Other Intangible Assets | 39.12M | 46.60M | 54.33M | 64.59M | 35.43M | 47.05M |
| Other Long-Term Assets | 1.56B | 1.42B | 1.39B | 1.33B | 1.05B | 1.07B |
| Total Assets | 2.58B | 2.36B | 2.28B | 2.22B | 1.71B | 1.60B |
| Accounts Payable | 69.23M | 66.23M | 60.08M | 58.76M | 139.61M | 136.31M |
| Accrued Expenses | 133.90M | 101.89M | 101.36M | 93.96M | ||
| Current Portion of Leases | 5.25M | |||||
| Total Current Liabilities | 203.13M | 173.37M | 161.44M | 152.72M | 139.61M | 136.31M |
| Long-Term Debt | 618.26M | 514.92M | 590.21M | 762.98M | 413.74M | 426.45M |
| Long-Term Leases | 7.62M | 12.60M | 14.80M | 11.60M | ||
| Long-Term Unearned Revenue | 145.15M | 110.59M | 109.84M | 111.43M | 82.42M | 58.72M |
| Long-Term Deferred Tax Liabilities | 331.17M | 313.58M | 280.13M | 241.56M | 203.36M | 242.43M |
| Other Long-Term Liabilities | 53.17M | |||||
| Total Liabilities | 1.30B | 1.12B | 1.15B | 1.28B | 903.90M | 863.90M |
| Common Stock | 122.63M | 121.78M | 116.25M | 111.12M | 110.08M | 108.61M |
| Retained Earnings | 1.16B | 1.12B | 1.01B | 822.80M | 693.94M | 623.47M |
| Comprehensive Income & Other | -116.00K | -78.00K | -54.00K | |||
| Shareholders' Equity | 1.28B | 1.24B | 1.12B | 933.80M | 803.95M | 732.02M |
| Total Liabilities & Equity | 2.58B | 2.36B | 2.28B | 2.22B | 1.71B | 1.60B |
| Total Debt | 618.26M | 527.79M | 602.81M | 777.77M | 425.34M | 426.45M |
| Net Cash (Debt) | -617.22M | -527.50M | -602.00M | -776.90M | -424.38M | -424.96M |
| Net Cash Per Share | -25.13 | -21.41 | -24.50 | -31.67 | -17.31 | -17.33 |
| Filing Date Shares Outstanding | 24.36M | 24.61M | 24.55M | 24.50M | 24.39M | 24.26M |
| Total Common Shares Outstanding | 24.36M | 24.61M | 24.55M | 24.50M | 24.39M | 24.26M |
| Working Capital | 175.38M | 137.27M | 140.89M | 163.51M | 227.53M | 68.62M |
| Book Value Per Share | 52.46 | 50.26 | 45.76 | 38.12 | 32.96 | 30.17 |
| Tangible Book Value | 901.62M | 857.83M | 745.81M | 545.99M | 662.11M | 552.58M |
| Tangible Book Value Per Share | 37.01 | 34.85 | 30.38 | 22.29 | 27.15 | 22.78 |
| Land | 107.52M | 88.61M | 75.14M | 61.49M | 54.43M | |
| Buildings | 49.42M | 40.22M | 35.36M | 34.05M | 33.78M | |
| Machinery | 72.01M | 67.33M | 65.27M | 61.26M | 82.53M | |
| Construction In Progress | 14.69M | 15.10M | 14.81M | 903.00K | 3.29M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 159.34M | 156.31M | 231.73M | 174.62M | 115.14M | 89.70M |
| Depreciation & Amortization | 20.71M | 20.13M | 19.19M | 20.46M | 30.92M | 31.25M |
| Other Amortization | 92.62M | 87.14M | 88.33M | 88.92M | 80.44M | 75.46M |
| Loss (Gain) From Sale of Assets | -48.57M | -44.19M | -44.37M | -35.26M | -37.98M | -25.44M |
| Stock-Based Compensation | 11.59M | 11.22M | 9.50M | 8.28M | 8.01M | 7.67M |
| Provision & Write-off of Bad Debts | 1.31M | 1.73M | 1.89M | 2.63M | 837.00K | 451.00K |
| Other Operating Activities | 26.23M | 33.37M | 38.79M | -17.26M | 4.86M | 26.56M |
| Change in Accounts Receivable | -4.67M | -14.25M | 6.14M | -37.78M | -31.36M | -24.40M |
| Change in Inventory | 3.83M | 6.28M | 1.12M | -779.00K | -6.05M | |
| Change in Accounts Payable | 2.36M | -330.00K | 11.84M | -49.76M | 9.00M | 12.22M |
| Change in Unearned Revenue | 14.38M | 328.00K | -1.59M | 14.09M | 23.70M | 9.08M |
| Change in Other Net Operating Assets | -20.25M | -2.06M | 11.81M | -11.31M | -3.08M | -6.82M |
| Operating Cash Flow | 258.89M | 255.68M | 374.38M | 95.34M | 194.43M | 195.74M |
| Capital Expenditures | -233.97M | -103.33M | -163.01M | -207.50M | -131.43M | -59.49M |
| Sale of Property, Plant & Equipment | 2.75M | 12.25M | 9.70M | |||
| Cash Acquisitions | -11.38M | -23.79M | -462.08M | -289.71M | ||
| Sale (Purchase) of Intangibles | -2.50M | |||||
| Other Investing Activities | 268.01M | 1.00K | ||||
| Investing Cash Flow | -242.59M | -127.11M | -150.75M | -391.87M | -131.43M | -351.70M |
| Long-Term Debt Issued | 75.00M | 349.23M | 47.27M | 243.73M | ||
| Long-Term Debt Repaid | -150.49M | -172.56M | -60.00M | -40.00M | ||
| Net Debt Issued (Repaid) | 66.45M | -75.49M | -172.56M | 349.23M | -12.72M | 203.73M |
| Repurchase of Common Stock | -40.26M | -5.69M | -4.37M | -7.23M | -6.54M | -5.34M |
| Common Dividends Paid | -48.71M | -47.90M | -46.76M | -45.56M | -44.27M | -42.18M |
| Financing Cash Flow | -22.51M | -129.08M | -223.69M | 296.44M | -63.53M | 156.20M |
| Foreign Exchange Rate Adjustments | 9.00K | -6.00K | 4.00K | |||
| Net Cash Flow | -6.22M | -512.00K | -70.00K | -80.00K | -534.00K | 253.00K |
| Free Cash Flow | 24.92M | 152.36M | 211.37M | -112.16M | 63.01M | 136.25M |
| Free Cash Flow Margin | 2.62% | 16.13% | 23.20% | -13.48% | 9.91% | 25.49% |
| Free Cash Flow Per Share | 1.01 | 6.18 | 8.60 | -4.57 | 2.57 | 5.56 |
| Levered Free Cash Flow | 19.01M | 146.16M | 93.91M | 65.06M | -87.09M | 104.92M |
| Unlevered Free Cash Flow | 36.55M | 165.09M | 123.37M | 90.40M | -79.46M | 110.06M |
| Cash Interest Paid | 28.45M | 29.91M | 48.32M | 38.60M | 14.78M | 10.33M |
| Cash Income Tax Paid | 31.47M | 10.12M | 36.52M | 91.56M | 27.36M | 9.09M |
| Change in Working Capital | -4.34M | -10.03M | 29.31M | -85.53M | -7.80M | -9.91M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.17B | 2.58B | 2.75B | 2.93B | 2.41B | 1.95B |
| Enterprise Value | 3.78B | 3.13B | 3.35B | 3.60B | 2.83B | 2.40B |
| Last Close Price | 118.28 | 103.14 | 108.08 | 113.68 | 92.04 | 73.16 |
| PE Ratio | 20.03 | 16.52 | 11.85 | 16.78 | 20.91 | 21.69 |
| Forward PE | 19.65 | 16.30 | 19.54 | 23.05 | 21.44 | 19.39 |
| PS Ratio | 3.18 | 2.73 | 3.01 | 3.52 | 3.79 | 3.64 |
| PB Ratio | 2.25 | 2.09 | 2.44 | 3.14 | 3.00 | 2.66 |
| P/TBV Ratio | 3.36 | 3.01 | 3.68 | 5.37 | 3.64 | 3.52 |
| P/FCF Ratio | 121.52 | 16.95 | 12.99 | 38.21 | 14.28 | |
| P/OCF Ratio | 11.70 | 10.10 | 7.33 | 30.73 | 12.38 | 9.94 |
| PEG Ratio | 1.31 | 1.19 | 1.63 | 1.77 | 1.65 | 1.49 |
| EV/Sales Ratio | 3.83 | 3.31 | 3.68 | 4.32 | 4.45 | 4.50 |
| EV/EBITDA Ratio | 13.83 | 11.86 | 13.18 | 17.41 | 15.85 | 15.45 |
| EV/EBIT Ratio | 15.00 | 12.84 | 14.26 | 19.32 | 19.18 | 19.34 |
| EV/FCF Ratio | 146.29 | 20.52 | 15.85 | 44.84 | 17.64 | |
| Debt / Equity Ratio | 0.48 | 0.43 | 0.54 | 0.83 | 0.53 | 0.58 |
| Debt / EBITDA Ratio | 2.26 | 1.93 | 2.29 | 3.58 | 2.30 | 2.74 |
| Debt / FCF Ratio | 24.81 | 3.46 | 2.85 | 6.75 | 3.13 | |
| Net Debt / Equity Ratio | 0.48 | 0.43 | 0.54 | 0.83 | 0.53 | 0.58 |
| Net Debt / EBITDA Ratio | 2.34 | 2.00 | 2.37 | 3.76 | 2.38 | 2.73 |
| Net Debt / FCF Ratio | 24.77 | 3.46 | 2.85 | -6.93 | 6.74 | 3.12 |
| Asset Turnover | 0.39 | 0.41 | 0.41 | 0.42 | 0.39 | 0.37 |
| Inventory Turnover | 42.31 | 43.82 | 31.99 | |||
| Quick Ratio | 1.21 | 1.34 | 1.36 | 1.50 | 1.22 | 1.18 |
| Current Ratio | 1.86 | 1.79 | 1.87 | 2.07 | 2.63 | 1.50 |
| Return on Equity (ROE) | 12.88% | 13.24% | 22.53% | 12.87% | 13.45% | 12.03% |
| Return on Assets (ROA) | 6.17% | 6.57% | 6.54% | 5.93% | 5.57% | 5.41% |
| Return on Invested Capital (ROIC) | 9.59% | 10.24% | 10.11% | 9.48% | 9.47% | 8.86% |
| Return on Capital Employed (ROCE) | 10.20% | 11.20% | 11.10% | 9.00% | 9.40% | 8.50% |
| Earnings Yield | 4.99% | 6.05% | 8.44% | 5.96% | 4.78% | 4.61% |
| FCF Yield | 0.82% | 5.90% | 7.70% | -3.83% | 2.62% | 7.00% |
| Dividend Yield | 1.52% | 1.85% | 1.70% | 1.55% | 1.84% | 2.17% |
| Payout Ratio | 30.50% | 30.64% | 20.18% | 26.09% | 38.45% | 47.02% |
| Buyback Yield / Dilution | 0.22% | -0.26% | -0.17% | -0.04% | -0.02% | 0.07% |
| Total Shareholder Return | 1.89% | 1.59% | 1.53% | 1.51% | 1.83% | 2.23% |