McGrath RentCorp (MGRC) Financials

$109.62 +2.25 (+2.10%)

Closing price 05/2/2025 04:00 PM Eastern

Extended Trading

$109.62 +0.00 (+0.00%)

As of 05/2/2025 04:46 PM Eastern

Annual Income Statements for McGrath RentCorp

This table shows McGrath RentCorp's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	40	38	154	79	97	102	90	115	175	232
Consolidated Net Income / (Loss)	40	38	154	79	97	102	90	115	175	232
Net Income / (Loss) Continuing Operations	40	38	154	79	97	102	85	103	112	232
Total Pre-Tax Income	66	67	83	105	129	132	116	135	149	314
Total Operating Income	77	79	95	117	141	141	124	147	190	244
Total Gross Profit	177	184	206	375	266	264	247	290	394	633
Total Revenue	405	424	462	498	570	573	535	636	832	911
Operating Revenue	402	424	462	498	570	573	535	636	832	911
Total Cost of Revenue	228	240	256	123	304	309	287	345	438	476
Operating Cost of Revenue	228	240	190	123	304	309	287	345	438	278
Total Operating Expenses	100	105	112	258	125	123	123	143	204	389
Selling, General & Admin Expense	100	105	112	116	125	123	123	143	208	200
Depreciation Expense	-	-	-	73	-	-	-	-	-	88
Other Operating Expenses / (Income)	-	-	-	69	-	-	0.00	0.00	-3.62	100
Total Other Income / (Expense), net	-11	-12	-11	-13	-12	-8.71	-8.45	-13	-40	69
Interest Expense	10	12	12	12	12	8.79	8.24	12	41	47
Other Income / (Expense), net	-0.49	-0.12	0.33	-0.49	0.08	0.08	-0.21	-0.38	0.31	117
Income Tax Expense	26	29	-70	25	32	30	31	31	38	82
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	-	4.62	12	63	0.00
Basic Earnings per Share	$1.60	$1.60	$6.41	$3.29	$3.99	$4.22	$3.70	$4.73	$7.14	$9.44
Weighted Average Basic Shares Outstanding	25.37M	23.90M	24.00M	24.14M	24.25M	24.16M	24.22M	24.35M	24.47M	24.54M
Diluted Earnings per Share	$1.59	$1.60	$6.34	$3.24	$3.93	$4.16	$3.66	$4.70	$7.12	$9.43
Weighted Average Diluted Shares Outstanding	25.46M	23.98M	24.27M	24.54M	24.62M	24.53M	24.52M	24.52M	24.53M	24.57M
Weighted Average Basic & Diluted Shares Outstanding	25.30M	23.90M	24M	24.18M	24.30M	24.13M	24.26M	24.39M	24.50M	24.55M
Cash Dividends to Common per Share	$1.00	$1.02	$1.04	$1.36	$1.50	$1.68	$1.74	$1.82	$1.86	$1.90

This table shows McGrath RentCorp's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	31	40	72	31	40	32	23	21	149	39	28
Consolidated Net Income / (Loss)	31	40	72	31	40	32	23	21	149	39	28
Net Income / (Loss) Continuing Operations	27	35	12	28	40	32	23	21	149	39	28
Total Pre-Tax Income	36	45	13	38	56	44	30	29	203	52	37
Total Operating Income	40	49	20	48	67	56	43	42	75	85	46
Total Gross Profit	77	88	77	95	112	110	93	103	173	263	96
Total Revenue	174	183	164	203	244	222	188	213	267	244	195
Operating Revenue	174	183	164	203	244	222	188	213	267	244	195
Total Cost of Revenue	98	95	86	108	132	111	95	109	143	129	99
Operating Cost of Revenue	98	95	86	108	132	111	95	109	94	-19	99
Total Operating Expenses	37	40	57	47	45	54	51	61	99	178	51
Selling, General & Admin Expense	37	40	57	47	49	55	60	61	49	30	51
Other Operating Expenses / (Income)	0.00	-	0.00	0.00	-3.56	-0.06	-9.28	0.00	27	82	0.00
Total Other Income / (Expense), net	-3.59	-4.15	-7.24	-9.96	-11	-12	-13	-13	128	-33	-8.15
Interest Expense	3.36	4.17	7.46	9.95	11	12	13	13	13	8.86	8.16
Other Income / (Expense), net	-0.24	0.03	0.23	-0.02	-0.04	0.14	-0.13	-0.03	141	-24	0.01
Income Tax Expense	9.18	9.71	1.11	9.67	15	12	7.05	8.36	54	13	9.21
Basic Earnings per Share	$1.25	$1.64	$2.93	$1.25	$1.65	$1.31	$0.93	$0.84	$6.08	$1.59	$1.15
Weighted Average Basic Shares Outstanding	24.38M	24.35M	24.42M	24.48M	24.49M	24.47M	24.51M	24.55M	24.55M	24.54M	24.57M
Diluted Earnings per Share	$1.25	$1.61	$2.92	$1.25	$1.65	$1.30	$0.93	$0.84	$6.08	$1.58	$1.15
Weighted Average Diluted Shares Outstanding	24.50M	24.52M	24.54M	24.51M	24.53M	24.53M	24.56M	24.56M	24.57M	24.57M	24.62M
Weighted Average Basic & Diluted Shares Outstanding	24.38M	24.39M	24.48M	24.48M	24.49M	24.50M	24.55M	24.55M	24.55M	24.55M	24.61M
Cash Dividends to Common per Share	$0.46	$0.45	$0.47	$0.47	$0.47	$0.46	$0.48	$0.48	$0.48	$0.47	$0.49

This table details how cash moves in and out of McGrath RentCorp's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-0.06	-0.25	1.65	-0.99	0.83	-1.10	0.25	-0.53	-0.08	-0.07
Net Cash From Operating Activities	144	141	122	143	188	181	196	194	95	374
Net Cash From Continuing Operating Activities	144	141	122	143	188	181	196	194	95	374
Net Income / (Loss) Continuing Operations	40	38	154	79	97	102	90	115	175	232
Consolidated Net Income / (Loss)	40	38	154	79	97	102	90	115	175	232
Depreciation Expense	84	81	78	82	89	95	107	111	109	107
Amortization Expense	0.05	0.05	0.05	0.02	0.01	0.01	0.02	0.02	0.01	0.07
Non-Cash Adjustments To Reconcile Net Income	-5.87	-8.64	-12	-14	-14	-13	-17	-29	-86	-33
Changes in Operating Assets and Liabilities, net	25	30	-98	-4.40	16	-3.62	16	-3.31	-102	68
Net Cash From Investing Activities	-114	-60	-71	-104	-143	-53	-352	-131	-392	-151
Net Cash From Continuing Investing Activities	-114	-60	-71	-104	-143	-53	-352	-131	-660	-151
Purchase of Property, Plant & Equipment	-140	-90	-109	-139	-180	-100	-117	-205	-274	-231
Acquisitions	-	-	-	-7.54	-7.81	0.00	-292	0.00	-462	0.00
Sale of Property, Plant & Equipment	26	29	38	42	44	47	0.00	0.00	9.70	12
Other Investing Activities, net	-	-	-	-	-	-	57	74	66	68
Net Cash From Discontinued Investing Activities	-	-	-	-	-	-	0.00	0.00	268	0.00
Net Cash From Financing Activities	-30	-81	-50	-39	-44	-128	156	-64	296	-224
Net Cash From Continuing Financing Activities	-30	-81	-50	-39	-44	-128	156	-64	296	-224
Repayment of Debt	-20	-55	-23	-20	-5.14	-71	-40	-13	274	-173
Payment of Dividends	-26	-24	-25	-31	-36	-40	-42	-44	-46	-47
Issuance of Debt	79	-	-	15	0.00	0.00	244	0.00	75	0.00
Other Financing Activities, net	0.59	-1.25	-2.07	-3.26	-3.33	-4.38	-5.35	-6.54	-7.23	-4.37
Effect of Exchange Rate Changes	-	-0.00	-0.04	-0.10	0.00	-0.16	0.00	-0.01	0.01	0.00
Cash Interest Paid	10	12	12	13	12	9.05	10	15	39	48
Cash Income Taxes Paid	2.50	16	30	18	18	35	9.09	27	92	37

This table details how cash moves in and out of McGrath RentCorp's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	14	-35	-0.27	1.52	-0.26	-1.07	1.04	7.48	-5.34	-3.25	2.59
Net Cash From Operating Activities	51	61	36	36	47	-24	59	79	199	37	54
Net Cash From Continuing Operating Activities	64	27	36	36	47	-24	59	79	199	37	54
Net Income / (Loss) Continuing Operations	31	40	72	31	40	32	23	21	149	39	28
Consolidated Net Income / (Loss)	31	40	72	31	40	32	23	21	149	39	28
Depreciation Expense	28	28	28	27	27	28	27	27	27	27	26
Amortization Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.06	0.02
Non-Cash Adjustments To Reconcile Net Income	-8.42	-7.87	-60	-11	-9.95	-5.04	-14	-5.18	-6.91	-6.63	-3.49
Changes in Operating Assets and Liabilities, net	14	-33	-3.58	-11	-9.85	-78	23	37	30	-22	2.74
Net Cash From Investing Activities	-17	-45	-264	-37	-31	-60	-78	-56	-6.93	-9.94	-2.70
Net Cash From Continuing Investing Activities	-17	-45	-526	-42	-31	-60	-78	-56	-6.93	-9.94	-2.70
Purchase of Property, Plant & Equipment	-40	-64	-85	-55	-48	-86	-104	-72	-28	-28	-16
Sale of Property, Plant & Equipment	22	-54	0.00	-	0.60	9.11	12	-	-	-	0.00
Other Investing Activities, net	-	-	12	15	22	17	14	16	21	18	13
Net Cash From Financing Activities	-33	-17	228	2.46	-16	83	20	-16	-197	-30	-49
Net Cash From Continuing Financing Activities	-33	-17	228	2.46	-16	83	20	-16	-197	-30	-49
Repayment of Debt	-	-	245	14	-80	95	-	-	-111	-18	-31
Payment of Dividends	-11	-11	-11	-11	-11	-11	-12	-12	-12	-12	-12
Other Financing Activities, net	-0.13	-0.29	-6.09	-0.01	-	-1.13	-4.08	-	-	-0.29	-5.62
Cash Interest Paid	3.16	5.79	7.82	8.99	11	11	14	12	14	7.99	9.15
Cash Income Taxes Paid	7.81	2.48	0.41	6.52	2.62	82	0.48	-5.08	0.77	40	0.02

This table presents McGrath RentCorp's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	1,153	1,128	1,148	1,217	1,310	1,276	1,596	1,708	2,217	2,278
Total Current Assets	-440	-468	-485	-515	-505	166	216	241	331	315
Cash & Equivalents	-	-	-	-	2.34	1.24	1.49	0.96	0.88	0.81
Accounts Receivable	-	-	-	-	-	123	159	170	227	219
Inventories, net	-440	-468	-485	-515	-553	-	-	-	15	14
Prepaid Expenses	-	-	-	-	45	42	55	70	87	80
Plant, Property, & Equipment, net	110	112	119	127	131	938	1,065	990	1,329	1,388
Plant, Property & Equipment, gross	1,310	1,324	1,348	1,416	1,520	1,531	1,711	1,522	1,905	1,999
Accumulated Depreciation	-	-	-	-	-	593	646	531	575	612
Total Noncurrent Assets	1,483	1,484	1,514	1,605	1,684	172	2,026	477	557	575
Goodwill	28	28	28	28	28	28	132	106	323	323
Intangible Assets	9.47	8.60	7.72	7.25	7.33	7.12	47	35	65	54
Other Noncurrent Operating Assets	125	123	131	154	128	136	1,847	335	169	197
Total Liabilities & Shareholders' Equity	1,153	1,128	1,148	1,217	1,310	1,276	1,596	1,708	2,217	2,278
Total Liabilities	773	734	624	646	676	593	864	904	1,283	1,154
Total Current Liabilities	108	116	126	141	164	154	621	287	279	284
Accounts Payable	72	78	86	91	109	108	136	151	59	60
Accrued Expenses	-	-	-	-	-	-	-	-	109	114
Current Deferred Revenue	36	37	39	50	55	46	59	82	111	110
Total Noncurrent Liabilities	665	618	498	505	512	439	242	617	1,005	870
Long-Term Debt	381	326	303	299	293	223	-	414	763	590
Noncurrent Deferred & Payable Income Tax Liabilities	283	292	195	207	218	216	242	203	242	280
Commitments & Contingencies	0.00	0.00	0.00	-	-	0.00	-	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	380	394	524	572	634	683	732	804	934	1,123
Total Preferred & Common Equity	380	394	524	572	634	683	732	804	934	1,123
Total Common Equity	380	394	524	572	634	683	732	804	934	1,123
Common Stock	101	102	103	104	106	106	109	110	111	116
Retained Earnings	279	293	421	468	528	576	623	694	823	1,007
Accumulated Other Comprehensive Income / (Loss)	-0.07	-0.06	-0.17	-0.05	-0.07	-0.10	-0.05	-0.08	-0.12	0.00

This table presents McGrath RentCorp's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Total Assets	1,678	2,062	2,109	2,137	2,263	2,318	2,286	2,242
Total Current Assets	264	258	276	307	320	337	318	299
Cash & Equivalents	1.56	0.69	2.21	1.95	1.91	9.40	4.06	3.39
Accounts Receivable	190	177	192	224	212	217	225	209
Inventories, net	-	-	-	-	25	28	22	17
Prepaid Expenses	72	80	82	81	82	82	67	70
Plant, Property, & Equipment, net	1,100	1,267	1,296	1,292	1,369	1,407	1,392	1,369
Plant, Property & Equipment, gross	1,791	1,814	1,849	1,857	1,957	2,009	1,997	1,989
Accumulated Depreciation	691	547	553	565	589	602	605	620
Total Noncurrent Assets	314	536	538	538	574	574	576	574
Goodwill	132	324	325	324	323	323	323	323
Intangible Assets	43	68	66	67	62	59	57	52
Other Noncurrent Operating Assets	139	144	147	146	189	192	196	199
Total Liabilities & Shareholders' Equity	1,678	2,062	2,109	2,137	2,263	2,318	2,286	2,242
Total Liabilities	905	1,202	1,229	1,225	1,320	1,364	1,192	1,106
Total Current Liabilities	247	320	326	329	276	317	310	264
Accounts Payable	155	219	220	223	57	73	76	43
Accrued Expenses	-	-	-	-	96	109	109	104
Current Deferred Revenue	92	100	107	106	123	135	124	117
Total Noncurrent Liabilities	658	883	902	897	1,045	1,047	882	841
Long-Term Debt	419	659	673	668	799	794	609	559
Noncurrent Deferred & Payable Income Tax Liabilities	238	224	230	229	246	253	273	282
Total Equity & Noncontrolling Interests	773	860	881	911	943	954	1,094	1,136
Total Preferred & Common Equity	773	860	881	911	943	954	1,094	1,136
Total Common Equity	773	860	881	911	943	954	1,094	1,136
Common Stock	107	105	107	109	109	112	114	113
Retained Earnings	666	754	773	802	834	843	980	1,023
Accumulated Other Comprehensive Income / (Loss)	0.08	-0.10	-0.05	-0.04	-0.05	-0.04	-0.17	0.00

This table displays calculated financial ratios and metrics derived from McGrath RentCorp's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-0.88%	4.83%	8.95%	7.86%	14.43%	0.41%	-6.63%	18.91%	30.86%	9.51%
EBITDA Growth	-3.23%	-0.27%	8.21%	14.66%	16.06%	1.97%	-2.00%	11.92%	15.92%	56.45%
EBIT Growth	-10.07%	3.49%	20.14%	23.05%	20.91%	-0.44%	-11.91%	18.43%	29.34%	89.92%
NOPAT Growth	-7.93%	-3.46%	285.77%	-49.01%	18.95%	2.57%	-16.02%	23.75%	25.66%	27.11%
Net Income Growth	-11.46%	-5.48%	302.39%	-48.41%	21.91%	5.35%	-12.04%	28.35%	51.66%	32.70%
EPS Growth	-9.14%	0.63%	296.25%	-48.90%	21.30%	5.85%	-12.02%	28.42%	51.49%	32.44%
Operating Cash Flow Growth	17.30%	-2.47%	-13.01%	16.57%	31.77%	-3.98%	8.44%	-0.67%	-50.96%	292.66%
Free Cash Flow Firm Growth	596.13%	160.03%	-21.02%	-31.16%	9.35%	154.54%	-1,215.14%	188.83%	-122.10%	157.60%
Invested Capital Growth	1.87%	-5.31%	14.86%	5.14%	6.32%	-2.27%	170.09%	-48.00%	33.55%	0.99%
Revenue Q/Q Growth	-1.58%	0.00%	3.81%	2.23%	2.54%	0.31%	-9.38%	16.33%	4.88%	2.49%
EBITDA Q/Q Growth	-2.93%	-0.12%	2.77%	4.97%	2.50%	1.20%	-0.96%	5.94%	2.19%	0.89%
EBIT Q/Q Growth	-6.30%	1.39%	4.77%	7.67%	2.31%	2.11%	-4.98%	10.59%	3.80%	1.40%
NOPAT Q/Q Growth	-4.06%	-4.80%	232.80%	-54.35%	1.77%	3.90%	-8.13%	13.83%	1.74%	13.96%
Net Income Q/Q Growth	-5.53%	-4.46%	235.12%	-54.07%	2.27%	4.91%	-2.95%	10.77%	-4.18%	3.08%
EPS Q/Q Growth	-3.64%	-3.61%	231.94%	-54.30%	2.08%	5.32%	-3.17%	10.59%	-4.17%	3.06%
Operating Cash Flow Q/Q Growth	4.06%	-5.53%	5.00%	3.32%	2.90%	-1.18%	5.66%	0.87%	-47.04%	19.21%
Free Cash Flow Firm Q/Q Growth	146.80%	2.93%	28.96%	-31.01%	2.93%	15.03%	-803.34%	1,550.93%	-15.20%	343.80%
Invested Capital Q/Q Growth	-1.38%	-2.08%	12.46%	0.76%	0.76%	-0.65%	108.79%	6.63%	7.54%	0.84%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	43.73%	43.43%	44.66%	75.27%	46.68%	46.06%	46.26%	45.65%	47.32%	69.47%
EBITDA Margin	39.75%	37.82%	37.56%	39.93%	40.50%	41.13%	43.17%	40.63%	35.99%	51.42%
Operating Margin	19.02%	18.69%	20.51%	23.57%	24.79%	24.58%	23.24%	23.17%	22.81%	26.81%
EBIT Margin	18.90%	18.66%	20.58%	23.48%	24.81%	24.60%	23.21%	23.11%	22.84%	39.62%
Profit (Net Income) Margin	10.00%	9.02%	33.31%	15.93%	16.98%	17.81%	16.78%	18.11%	20.99%	25.44%
Tax Burden Percent	60.97%	57.15%	184.44%	75.85%	74.97%	77.23%	77.46%	85.49%	116.83%	73.88%
Interest Burden Percent	86.80%	84.58%	87.78%	89.49%	91.28%	93.76%	93.35%	91.68%	78.66%	86.91%
Effective Tax Rate	39.03%	42.85%	-84.44%	24.15%	25.03%	22.77%	26.53%	23.30%	25.16%	26.12%
Return on Invested Capital (ROIC)	6.22%	6.11%	22.57%	10.50%	11.81%	11.89%	5.46%	6.09%	9.57%	10.59%
ROIC Less NNEP Spread (ROIC-NNEP)	4.39%	4.12%	15.96%	7.28%	8.69%	9.26%	5.29%	6.29%	14.89%	18.17%
Return on Net Nonoperating Assets (RNNOA)	3.84%	3.77%	10.94%	4.00%	4.25%	3.61%	7.23%	8.90%	10.52%	11.94%
Return on Equity (ROE)	10.06%	9.88%	33.52%	14.49%	16.06%	15.49%	12.68%	14.99%	20.10%	22.53%
Cash Return on Invested Capital (CROIC)	4.37%	11.57%	8.75%	5.49%	5.68%	14.18%	-86.46%	69.24%	-19.15%	9.60%
Operating Return on Assets (OROA)	6.74%	6.94%	8.35%	9.89%	11.19%	10.89%	8.64%	8.89%	9.68%	16.06%
Return on Assets (ROA)	3.57%	3.35%	13.52%	6.71%	7.66%	7.89%	6.25%	6.97%	8.90%	10.31%
Return on Common Equity (ROCE)	10.06%	9.88%	33.52%	14.49%	16.06%	15.49%	12.68%	14.99%	20.10%	22.53%
Return on Equity Simple (ROE_SIMPLE)	10.66%	9.70%	29.36%	13.89%	15.27%	14.94%	12.25%	14.32%	18.70%	20.63%
Net Operating Profit after Tax (NOPAT)	47	45	175	89	106	109	91	113	142	180
NOPAT Margin	11.60%	10.68%	37.82%	17.88%	18.59%	18.99%	17.08%	17.77%	17.07%	19.81%
Net Nonoperating Expense Percent (NNEP)	1.83%	1.99%	6.61%	3.22%	3.11%	2.62%	0.16%	-0.20%	-5.32%	-7.59%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	9.28%	8.37%	10.53%
Cost of Revenue to Revenue	56.27%	56.57%	55.34%	24.74%	53.32%	53.94%	53.74%	54.35%	52.68%	52.20%
SG&A Expenses to Revenue	24.71%	24.74%	24.16%	23.23%	21.88%	21.48%	23.02%	22.48%	24.95%	22.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	24.71%	24.74%	24.16%	51.69%	21.88%	21.48%	23.02%	22.48%	24.51%	42.65%
Earnings before Interest and Taxes (EBIT)	76	79	95	117	141	141	124	147	190	361
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	161	160	174	199	231	235	231	258	299	468
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.28	1.99	1.85	1.92	2.64	2.19	2.52	2.88	3.07	2.43
Price to Tangible Book Value (P/TBV)	1.42	2.19	1.98	2.04	2.80	2.31	3.34	3.49	5.25	3.67
Price to Revenue (P/Rev)	1.20	1.85	2.10	2.20	2.94	2.62	3.45	3.64	3.45	3.00
Price to Earnings (P/E)	11.97	20.47	6.30	13.79	17.31	14.69	20.55	20.08	16.43	11.80
Dividend Yield	4.90%	3.01%	2.56%	2.83%	2.12%	2.63%	2.27%	1.90%	1.58%	1.70%
Earnings Yield	8.35%	4.89%	15.87%	7.25%	5.78%	6.81%	4.87%	4.98%	6.09%	8.47%
Enterprise Value to Invested Capital (EV/IC)	1.14	1.54	1.54	1.60	2.13	1.90	0.75	2.15	2.14	1.94
Enterprise Value to Revenue (EV/Rev)	2.14	2.62	2.76	2.80	3.45	3.00	3.44	4.29	4.36	3.65
Enterprise Value to EBITDA (EV/EBITDA)	5.38	6.92	7.34	7.00	8.52	7.30	7.98	10.55	12.13	7.10
Enterprise Value to EBIT (EV/EBIT)	11.32	14.02	13.39	11.91	13.90	12.21	14.85	18.55	19.11	9.21
Enterprise Value to NOPAT (EV/NOPAT)	18.45	24.49	7.29	15.64	18.56	15.82	20.17	24.12	25.57	18.42
Enterprise Value to Operating Cash Flow (EV/OCF)	6.00	7.88	10.40	9.77	10.46	9.53	9.41	14.02	38.08	8.88
Enterprise Value to Free Cash Flow (EV/FCFF)	26.27	12.94	18.81	29.90	38.59	13.26	0.00	2.12	0.00	20.32
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.00	0.83	0.58	0.52	0.46	0.33	0.00	0.51	0.82	0.53
Long-Term Debt to Equity	1.00	0.83	0.58	0.52	0.46	0.33	0.00	0.51	0.82	0.53
Financial Leverage	0.88	0.91	0.69	0.55	0.49	0.39	1.37	1.42	0.71	0.66
Leverage Ratio	2.82	2.95	2.48	2.16	2.10	1.96	2.03	2.15	2.26	2.19
Compound Leverage Factor	2.45	2.49	2.18	1.93	1.91	1.84	1.90	1.97	1.78	1.90
Debt to Total Capital	50.10%	45.28%	36.66%	34.31%	31.64%	24.60%	0.00%	33.98%	44.97%	34.44%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	50.10%	45.28%	36.66%	34.31%	31.64%	24.60%	0.00%	33.98%	44.97%	34.44%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	49.90%	54.72%	63.34%	65.69%	68.36%	75.40%	100.00%	66.02%	55.03%	65.56%
Debt to EBITDA	2.37	2.03	1.75	1.50	1.27	0.95	0.00	1.60	2.55	1.26
Net Debt to EBITDA	2.37	2.03	1.75	1.50	1.26	0.94	0.00	1.60	2.55	1.26
Long-Term Debt to EBITDA	2.37	2.03	1.75	1.50	1.27	0.95	0.00	1.60	2.55	1.26
Debt to NOPAT	8.13	7.20	1.74	3.35	2.77	2.05	0.00	3.66	5.37	3.27
Net Debt to NOPAT	8.13	7.20	1.74	3.35	2.75	2.04	0.00	3.65	5.37	3.27
Long-Term Debt to NOPAT	8.13	7.20	1.74	3.35	2.77	2.05	0.00	3.66	5.37	3.27
Altman Z-Score	0.71	0.99	1.48	1.64	2.23	2.97	2.11	2.73	2.55	2.98
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	-4.07	-4.04	-3.86	-3.66	-3.08	1.08	0.35	0.84	1.19	1.11
Quick Ratio	0.00	0.00	0.00	0.00	0.01	0.81	0.26	0.60	0.82	0.78
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	33	86	68	47	51	130	-1,447	1,285	-284	164
Operating Cash Flow to CapEx	126.38%	233.79%	172.74%	147.16%	138.91%	340.57%	167.55%	94.70%	36.12%	170.79%
Free Cash Flow to Firm to Interest Expense	3.27	7.02	5.82	3.79	4.13	14.76	-175.46	105.07	-7.00	3.46
Operating Cash Flow to Interest Expense	14.29	11.53	10.53	11.60	15.25	20.54	23.74	15.90	2.35	7.92
Operating Cash Flow Less CapEx to Interest Expense	2.98	6.60	4.43	3.72	4.27	14.51	9.57	-0.89	-4.16	3.28
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.36	0.37	0.41	0.42	0.45	0.44	0.37	0.38	0.42	0.41
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	3.78	3.86	4.19	4.08
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	31.99
Fixed Asset Turnover	3.70	3.82	3.99	4.05	4.42	1.07	0.53	0.62	0.72	0.67
Accounts Payable Turnover	3.18	3.20	3.11	1.39	3.04	2.84	2.35	2.40	4.17	8.00
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	96.55	94.58	87.17	89.49
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	11.41
Days Payable Outstanding (DPO)	114.89	114.22	117.49	262.44	120.05	128.54	155.42	151.89	87.44	45.61
Cash Conversion Cycle (CCC)	-114.89	-114.22	-117.49	-262.44	-120.05	-128.54	-58.87	-57.31	-0.28	55.29
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	761	721	828	870	925	904	2,442	1,270	1,696	1,713
Invested Capital Turnover	0.54	0.57	0.60	0.59	0.64	0.63	0.32	0.34	0.56	0.53
Increase / (Decrease) in Invested Capital	14	-40	107	43	55	-21	1,538	-1,172	426	17
Enterprise Value (EV)	866	1,109	1,273	1,393	1,967	1,720	1,842	2,725	3,631	3,324
Market Capitalization	485	783	970	1,095	1,676	1,498	1,843	2,313	2,869	2,734
Book Value per Share	$15.90	$16.49	$21.81	$23.64	$26.11	$28.31	$30.19	$32.97	$38.13	$45.76
Tangible Book Value per Share	$14.34	$14.97	$20.33	$22.19	$24.65	$26.85	$22.79	$27.16	$22.29	$30.38
Total Capital	761	721	828	870	927	905	732	1,218	1,697	1,714
Total Debt	381	326	303	299	293	223	0.00	414	763	590
Total Long-Term Debt	381	326	303	299	293	223	0.00	414	763	590
Net Debt	381	326	303	299	291	222	-1.49	413	762	589
Capital Expenditures (CapEx)	114	60	71	97	135	53	117	205	264	219
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-549	-583	-611	-656	-672	11	-407	-47	51	30
Debt-free Net Working Capital (DFNWC)	-549	-583	-611	-656	-669	12	-406	-46	52	31
Net Working Capital (NWC)	-549	-583	-611	-656	-669	12	-406	-46	52	31
Net Nonoperating Expense (NNE)	6.45	7.05	21	9.70	9.18	6.73	1.59	-2.16	-33	-51
Net Nonoperating Obligations (NNO)	381	326	303	299	291	222	1,710	466	762	589
Total Depreciation and Amortization (D&A)	84	81	78	82	89	95	107	111	109	108
Debt-free, Cash-free Net Working Capital to Revenue	-135.64%	-137.57%	-132.21%	-131.55%	-117.79%	1.84%	-76.14%	-7.40%	6.16%	3.32%
Debt-free Net Working Capital to Revenue	-135.64%	-137.57%	-132.21%	-131.55%	-117.38%	2.06%	-75.86%	-7.25%	6.26%	3.41%
Net Working Capital to Revenue	-135.64%	-137.57%	-132.21%	-131.55%	-117.38%	2.06%	-75.86%	-7.25%	6.26%	3.41%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.60	$1.60	$6.41	$3.29	$3.99	$4.22	$3.70	$4.73	$7.14	$9.44
Adjusted Weighted Average Basic Shares Outstanding	25.37M	23.90M	24.00M	24.14M	24.25M	24.16M	24.22M	24.35M	24.47M	24.54M
Adjusted Diluted Earnings per Share	$1.59	$1.60	$6.34	$3.24	$3.93	$4.16	$3.66	$4.70	$7.12	$9.43
Adjusted Weighted Average Diluted Shares Outstanding	25.46M	23.98M	24.27M	24.54M	24.62M	24.53M	24.52M	24.52M	24.53M	24.57M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$3.99	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	23.85M	23.95M	24.05M	24.18M	24.30M	24.13M	24.26M	24.39M	24.50M	24.55M
Normalized Net Operating Profit after Tax (NOPAT)	47	45	66	89	106	109	91	113	142	180
Normalized NOPAT Margin	11.60%	10.68%	14.35%	17.88%	18.59%	18.99%	17.08%	17.77%	17.07%	19.81%
Pre Tax Income Margin	16.41%	15.78%	18.06%	21.01%	22.64%	23.06%	21.66%	21.19%	17.97%	34.43%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	7.58	6.48	8.18	9.51	11.47	16.03	15.05	12.01	4.69	7.64
NOPAT to Interest Expense	4.65	3.71	15.04	7.25	8.60	12.37	11.07	9.24	3.50	3.82
EBIT Less CapEx to Interest Expense	-3.73	1.55	2.08	1.63	0.50	10.00	0.88	-4.77	-1.82	3.00
NOPAT Less CapEx to Interest Expense	-6.66	-1.22	8.94	-0.64	-2.38	6.34	-3.10	-7.55	-3.01	-0.82
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	63.70%	63.91%	16.16%	38.96%	36.71%	39.00%	47.02%	38.45%	26.09%	20.18%
Augmented Payout Ratio	221.72%	63.91%	16.16%	38.96%	36.71%	52.35%	47.02%	38.45%	26.09%	20.18%

This table displays calculated financial ratios and metrics derived from McGrath RentCorp's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.61%	95.26%	30.92%	32.38%	39.67%	21.15%	14.73%	4.72%	9.55%	10.00%	4.04%
EBITDA Growth	5.15%	23.20%	-10.08%	23.37%	38.26%	8.35%	46.35%	-7.97%	159.19%	4.98%	3.16%
EBIT Growth	10.85%	40.42%	-21.02%	44.29%	67.82%	14.25%	111.99%	-11.67%	223.79%	8.95%	6.98%
NOPAT Growth	16.38%	55.51%	-6.63%	38.35%	62.47%	6.75%	80.25%	-15.38%	13.57%	55.82%	-13.69%
Net Income Growth	31.46%	39.35%	281.30%	17.01%	32.06%	-19.24%	-68.11%	-32.58%	269.91%	21.64%	23.46%
EPS Growth	31.58%	38.79%	279.22%	16.82%	32.00%	-19.25%	-68.15%	-32.80%	268.48%	21.54%	23.66%
Operating Cash Flow Growth	33.81%	2.82%	-30.98%	17.95%	-7.42%	-138.54%	66.39%	121.63%	319.30%	256.11%	-9.32%
Free Cash Flow Firm Growth	103.58%	179.98%	-530.51%	175.84%	-4,130.78%	-131.83%	75.19%	-115.67%	80.30%	112.12%	144.81%
Invested Capital Growth	1.83%	-48.00%	106.12%	-38.59%	32.42%	33.55%	14.63%	12.13%	7.70%	0.99%	-2.72%
Revenue Q/Q Growth	13.68%	4.91%	-10.49%	24.01%	19.94%	-9.00%	-15.24%	13.20%	25.47%	-8.63%	-19.83%
EBITDA Q/Q Growth	11.25%	13.85%	-38.01%	57.14%	24.68%	-10.78%	-16.27%	-1.19%	251.16%	-63.86%	-17.73%
EBIT Q/Q Growth	20.28%	23.21%	-58.87%	136.71%	39.90%	-16.12%	-23.68%	-1.37%	412.83%	-71.77%	-25.06%
NOPAT Q/Q Growth	16.61%	28.26%	-52.59%	95.13%	36.94%	-15.73%	-19.95%	-8.40%	83.78%	15.62%	-45.95%
Net Income Q/Q Growth	16.95%	29.69%	80.76%	-57.32%	31.99%	-20.69%	-28.64%	-9.76%	624.21%	-73.92%	-27.57%
EPS Q/Q Growth	16.82%	28.80%	81.37%	-57.19%	32.00%	-21.21%	-28.46%	-9.68%	623.81%	-74.01%	-27.22%
Operating Cash Flow Q/Q Growth	69.16%	19.27%	-41.59%	0.08%	32.77%	-149.65%	352.21%	33.30%	151.19%	-81.52%	46.50%
Free Cash Flow Firm Q/Q Growth	100.63%	14,346.16%	-163.06%	232.31%	-133.44%	-14.07%	50.83%	16.47%	57.95%	170.20%	74.89%
Invested Capital Q/Q Growth	-52.84%	6.63%	19.51%	2.20%	1.68%	7.54%	2.58%	-0.03%	-2.33%	0.84%	-1.19%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	44.08%	48.32%	47.26%	46.60%	45.80%	49.70%	49.66%	48.64%	64.93%	107.86%	49.35%
EBITDA Margin	38.76%	42.06%	29.13%	36.91%	38.37%	37.62%	37.16%	32.43%	90.78%	35.90%	36.84%
Operating Margin	22.88%	26.70%	12.14%	23.44%	27.34%	25.13%	22.75%	19.78%	28.00%	34.79%	23.32%
EBIT Margin	22.74%	26.71%	12.27%	23.43%	27.33%	25.19%	22.68%	19.76%	80.77%	24.95%	23.32%
Profit (Net Income) Margin	17.53%	21.67%	43.77%	15.06%	16.58%	14.45%	12.16%	9.70%	55.97%	15.98%	14.44%
Tax Burden Percent	84.21%	88.72%	567.31%	81.29%	72.71%	73.28%	76.43%	71.15%	73.62%	74.96%	75.40%
Interest Burden Percent	91.54%	91.46%	62.86%	79.09%	83.43%	78.28%	70.18%	68.97%	94.13%	85.43%	82.10%
Effective Tax Rate	25.30%	21.73%	8.81%	25.70%	27.29%	26.72%	23.57%	28.85%	26.38%	25.04%	24.60%
Return on Invested Capital (ROIC)	7.91%	7.16%	6.62%	6.19%	11.39%	10.33%	9.14%	7.40%	11.18%	13.94%	9.41%
ROIC Less NNEP Spread (ROIC-NNEP)	8.09%	7.29%	22.93%	5.79%	9.91%	8.90%	7.79%	6.13%	26.04%	10.30%	8.50%
Return on Net Nonoperating Assets (RNNOA)	4.76%	10.32%	9.42%	8.67%	6.37%	6.29%	6.29%	4.86%	16.49%	6.76%	5.53%
Return on Equity (ROE)	12.68%	17.48%	16.05%	14.86%	17.77%	16.62%	15.42%	12.26%	27.68%	20.70%	14.94%
Cash Return on Invested Capital (CROIC)	6.59%	69.24%	-59.49%	53.74%	-17.81%	-19.15%	-3.99%	-2.21%	2.25%	9.60%	12.98%
Operating Return on Assets (OROA)	7.56%	10.28%	4.52%	9.04%	11.36%	10.68%	8.98%	7.73%	32.47%	10.11%	9.51%
Return on Assets (ROA)	5.83%	8.34%	16.11%	5.81%	6.89%	6.12%	4.81%	3.79%	22.50%	6.48%	5.89%
Return on Common Equity (ROCE)	12.68%	17.48%	16.05%	14.86%	17.77%	16.62%	15.42%	12.26%	27.68%	20.70%	14.94%
Return on Equity Simple (ROE_SIMPLE)	13.45%	0.00%	19.55%	19.58%	20.00%	0.00%	13.34%	12.14%	20.55%	0.00%	20.86%
Net Operating Profit after Tax (NOPAT)	30	38	18	35	48	41	33	30	55	64	34
NOPAT Margin	17.09%	20.90%	11.07%	17.41%	19.88%	18.41%	17.39%	14.07%	20.61%	26.08%	17.58%
Net Nonoperating Expense Percent (NNEP)	-0.18%	-0.13%	-16.31%	0.39%	1.49%	1.43%	1.35%	1.28%	-14.85%	3.64%	0.91%
Return On Investment Capital (ROIC_SIMPLE)	-	3.14%	-	-	-	2.40%	-	-	-	3.71%	2.03%
Cost of Revenue to Revenue	55.92%	51.68%	52.74%	53.40%	54.20%	50.30%	50.34%	51.36%	53.52%	52.92%	50.65%
SG&A Expenses to Revenue	21.20%	21.62%	35.12%	23.16%	19.92%	24.60%	31.85%	28.86%	18.48%	12.29%	26.03%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	21.20%	21.62%	35.12%	23.16%	18.46%	24.57%	26.91%	28.86%	36.94%	73.07%	26.03%
Earnings before Interest and Taxes (EBIT)	40	49	20	48	67	56	43	42	215	61	46
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	68	77	48	75	93	83	70	69	242	88	72
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.55	2.88	2.58	2.51	2.64	3.07	3.18	2.73	2.35	2.43	2.40
Price to Tangible Book Value (P/TBV)	3.29	3.49	4.74	4.52	4.62	5.25	5.37	4.56	3.60	3.67	3.58
Price to Revenue (P/Rev)	3.60	3.64	3.28	3.06	3.03	3.45	3.50	3.01	2.90	3.00	2.96
Price to Earnings (P/E)	18.95	20.08	13.18	12.84	13.18	16.43	23.81	22.48	11.45	11.80	11.48
Dividend Yield	2.20%	1.90%	2.00%	2.02%	1.88%	1.58%	1.52%	1.76%	1.79%	1.70%	1.71%
Earnings Yield	5.28%	4.98%	7.59%	7.79%	7.59%	6.09%	4.20%	4.45%	8.74%	8.47%	8.71%
Enterprise Value to Invested Capital (EV/IC)	2.00	2.15	1.89	1.86	1.95	2.14	2.18	1.95	1.87	1.94	1.94
Enterprise Value to Revenue (EV/Rev)	4.37	4.29	4.26	3.98	3.87	4.36	4.43	3.92	3.58	3.65	3.57
Enterprise Value to EBITDA (EV/EBITDA)	9.79	10.55	11.36	10.80	10.47	12.13	11.80	10.74	6.85	7.10	6.97
Enterprise Value to EBIT (EV/EBIT)	17.97	18.55	20.29	18.47	16.76	19.11	17.85	16.38	8.93	9.21	9.01
Enterprise Value to NOPAT (EV/NOPAT)	24.05	24.12	25.90	23.87	21.99	25.57	24.15	22.34	20.07	18.42	18.68
Enterprise Value to Operating Cash Flow (EV/OCF)	12.39	14.02	16.10	15.69	17.04	38.08	31.86	20.86	10.12	8.88	8.89
Enterprise Value to Free Cash Flow (EV/FCFF)	30.67	2.12	0.00	2.63	0.00	0.00	0.00	0.00	86.21	20.32	14.71
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.54	0.51	0.77	0.76	0.73	0.82	0.85	0.83	0.56	0.53	0.49
Long-Term Debt to Equity	0.54	0.51	0.77	0.76	0.73	0.82	0.85	0.83	0.56	0.53	0.49
Financial Leverage	0.59	1.42	0.41	1.50	0.64	0.71	0.81	0.79	0.63	0.66	0.65
Leverage Ratio	2.21	2.15	2.29	2.30	2.26	2.26	2.40	2.41	2.21	2.19	2.17
Compound Leverage Factor	2.03	1.97	1.44	1.82	1.89	1.77	1.68	1.66	2.08	1.87	1.78
Debt to Total Capital	35.17%	33.98%	43.39%	43.31%	42.28%	44.97%	45.85%	45.43%	35.74%	34.44%	32.98%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	35.17%	33.98%	43.39%	43.31%	42.28%	44.97%	45.85%	45.43%	35.74%	34.44%	32.98%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	64.83%	66.02%	56.61%	56.69%	57.72%	55.03%	54.15%	54.57%	64.26%	65.56%	67.02%
Debt to EBITDA	1.72	1.60	2.60	2.52	2.28	2.55	2.48	2.52	1.31	1.26	1.19
Net Debt to EBITDA	1.71	1.60	2.60	2.51	2.27	2.55	2.48	2.49	1.30	1.26	1.18
Long-Term Debt to EBITDA	1.72	1.60	2.60	2.52	2.28	2.55	2.48	2.52	1.31	1.26	1.19
Debt to NOPAT	4.23	3.66	5.94	5.57	4.78	5.37	5.08	5.24	3.84	3.27	3.19
Net Debt to NOPAT	4.21	3.65	5.93	5.55	4.77	5.37	5.07	5.17	3.82	3.27	3.17
Long-Term Debt to NOPAT	4.23	3.66	5.94	5.57	4.78	5.37	5.08	5.24	3.84	3.27	3.19
Altman Z-Score	2.28	2.54	1.94	1.98	2.16	2.35	2.34	2.10	2.60	2.54	2.61
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.07	0.84	0.81	0.85	0.93	1.19	1.16	1.06	1.03	1.11	1.13
Quick Ratio	0.78	0.60	0.56	0.59	0.69	0.82	0.78	0.72	0.74	0.78	0.80
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	8.38	1,210	-763	1,010	-338	-385	-189	-158	-67	47	82
Operating Cash Flow to CapEx	297.79%	51.59%	42.22%	65.30%	99.15%	-30.68%	64.82%	110.70%	713.94%	130.79%	347.07%
Free Cash Flow to Firm to Interest Expense	2.50	290.02	-102.25	101.54	-30.63	-31.77	-14.91	-12.13	-5.26	5.27	10.01
Operating Cash Flow to Interest Expense	15.28	14.65	4.78	3.59	4.30	-1.94	4.68	6.08	15.74	4.15	6.60
Operating Cash Flow Less CapEx to Interest Expense	10.15	-13.75	-6.55	-1.91	-0.04	-8.28	-2.54	0.59	13.54	0.98	4.70
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.33	0.38	0.37	0.39	0.42	0.42	0.40	0.39	0.40	0.41	0.41
Accounts Receivable Turnover	3.05	3.86	4.10	4.03	3.83	4.19	4.40	4.23	3.96	4.08	4.37
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	31.99	23.04
Fixed Asset Turnover	0.51	0.62	0.54	0.61	0.66	0.72	0.65	0.64	0.66	0.67	0.67
Accounts Payable Turnover	2.34	2.40	0.93	2.16	2.23	4.17	3.23	3.06	3.06	8.00	9.58
Days Sales Outstanding (DSO)	119.83	94.58	88.92	90.50	95.31	87.17	82.93	86.25	92.15	89.49	83.61
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	11.41	15.84
Days Payable Outstanding (DPO)	155.74	151.89	391.19	168.60	163.73	87.44	113.00	119.47	119.24	45.61	38.10
Cash Conversion Cycle (CCC)	-35.91	-57.31	-302.26	-78.11	-68.42	-0.28	-30.07	-33.22	-27.09	55.29	61.36
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,191	1,270	1,518	1,551	1,577	1,696	1,740	1,739	1,699	1,713	1,692
Invested Capital Turnover	0.46	0.34	0.60	0.36	0.57	0.56	0.53	0.53	0.54	0.53	0.54
Increase / (Decrease) in Invested Capital	21	-1,172	781	-974	386	426	222	188	122	17	-47
Enterprise Value (EV)	2,387	2,725	2,873	2,884	3,068	3,631	3,793	3,390	3,178	3,324	3,279
Market Capitalization	1,970	2,313	2,215	2,214	2,402	2,869	2,996	2,605	2,573	2,734	2,723
Book Value per Share	$31.71	$32.97	$35.24	$35.98	$37.22	$38.13	$38.47	$38.87	$44.56	$45.76	$46.29
Tangible Book Value per Share	$24.54	$27.16	$19.17	$20.00	$21.24	$22.29	$22.75	$23.28	$29.08	$30.38	$31.01
Total Capital	1,193	1,218	1,518	1,553	1,579	1,697	1,742	1,749	1,703	1,714	1,696
Total Debt	419	414	659	673	668	763	799	794	609	590	559
Total Long-Term Debt	419	414	659	673	668	763	799	794	609	590	559
Net Debt	418	413	658	670	666	762	797	785	605	589	556
Capital Expenditures (CapEx)	17	119	85	55	48	77	92	72	28	28	16
Debt-free, Cash-free Net Working Capital (DFCFNWC)	15	-47	-62	-52	-23	51	43	10	4.66	30	31
Debt-free Net Working Capital (DFNWC)	17	-46	-61	-50	-21	52	45	20	8.71	31	34
Net Working Capital (NWC)	17	-46	-61	-50	-21	52	45	20	8.71	31	34
Net Nonoperating Expense (NNE)	-0.77	-1.42	-54	4.77	8.05	8.78	9.81	9.30	-94	25	6.15
Net Nonoperating Obligations (NNO)	418	466	658	670	666	762	797	785	605	589	556
Total Depreciation and Amortization (D&A)	28	28	28	27	27	28	27	27	27	27	26
Debt-free, Cash-free Net Working Capital to Revenue	2.77%	-7.40%	-9.20%	-7.25%	-2.95%	6.16%	5.02%	1.21%	0.52%	3.32%	3.39%
Debt-free Net Working Capital to Revenue	3.06%	-7.25%	-9.10%	-6.95%	-2.71%	6.26%	5.24%	2.29%	0.98%	3.41%	3.76%
Net Working Capital to Revenue	3.06%	-7.25%	-9.10%	-6.95%	-2.71%	6.26%	5.24%	2.29%	0.98%	3.41%	3.76%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.25	$1.64	$2.93	$1.25	$1.65	$1.31	$0.93	$0.84	$6.08	$1.59	$1.15
Adjusted Weighted Average Basic Shares Outstanding	24.38M	24.35M	24.42M	24.48M	24.49M	24.47M	24.51M	24.55M	24.55M	24.54M	24.57M
Adjusted Diluted Earnings per Share	$1.25	$1.61	$2.92	$1.25	$1.65	$1.30	$0.93	$0.84	$6.08	$1.58	$1.15
Adjusted Weighted Average Diluted Shares Outstanding	24.50M	24.52M	24.54M	24.51M	24.53M	24.53M	24.56M	24.56M	24.57M	24.57M	24.62M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	24.38M	24.39M	24.48M	24.48M	24.49M	24.50M	24.55M	24.55M	24.55M	24.55M	24.61M
Normalized Net Operating Profit after Tax (NOPAT)	30	38	18	35	48	41	33	30	55	64	34
Normalized NOPAT Margin	17.09%	20.90%	11.07%	17.41%	19.88%	18.41%	17.39%	14.07%	20.61%	26.08%	17.58%
Pre Tax Income Margin	20.82%	24.43%	7.72%	18.53%	22.80%	19.72%	15.92%	13.63%	76.03%	21.32%	19.15%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	11.82	11.71	2.69	4.78	6.04	4.60	3.35	3.22	17.04	6.86	5.59
NOPAT to Interest Expense	8.88	9.16	2.43	3.56	4.39	3.36	2.57	2.29	4.35	7.18	4.21
EBIT Less CapEx to Interest Expense	6.69	-16.69	-8.64	-0.72	1.69	-1.73	-3.86	-2.27	14.84	3.69	3.68
NOPAT Less CapEx to Interest Expense	3.75	-19.24	-8.91	-1.95	0.05	-2.97	-4.64	-3.19	2.14	4.00	2.31
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	42.06%	38.45%	26.58%	26.08%	24.84%	26.09%	36.51%	39.89%	20.68%	20.18%	19.85%
Augmented Payout Ratio	42.06%	38.45%	26.58%	26.08%	24.84%	26.09%	36.51%	39.89%	20.68%	20.18%	19.85%

Frequently Asked Questions About McGrath RentCorp's Financials

When does McGrath RentCorp's financial year end?

According to the most recent income statement we have on file, McGrath RentCorp's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has McGrath RentCorp's net income changed over the last 9 years?

McGrath RentCorp's net income appears to be on an upward trend, with a most recent value of $231.73 million in 2024, rising from $40.47 million in 2015. The previous period was $174.62 million in 2023. See where experts think McGrath RentCorp is headed by visiting McGrath RentCorp's forecast page.

What is McGrath RentCorp's operating income?

McGrath RentCorp's total operating income in 2024 was $244.26 million, based on the following breakdown:

Total Gross Profit: $632.80 million
Total Operating Expenses: $388.53 million

How has McGrath RentCorp revenue changed over the last 9 years?

Over the last 9 years, McGrath RentCorp's total revenue changed from $404.54 million in 2015 to $910.94 million in 2024, a change of 125.2%.

How much debt does McGrath RentCorp have?

McGrath RentCorp's total liabilities were at $1.15 billion at the end of 2024, a 10.1% decrease from 2023, and a 49.3% increase since 2015.

How much cash does McGrath RentCorp have?

In the past 9 years, McGrath RentCorp's cash and equivalents has ranged from $0.00 in 2015 to $2.34 million in 2019, and is currently $807 thousand as of their latest financial filing in 2024.

How has McGrath RentCorp's book value per share changed over the last 9 years?

Over the last 9 years, McGrath RentCorp's book value per share changed from 15.90 in 2015 to 45.76 in 2024, a change of 187.8%.

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This page (NASDAQ:MGRC) was last updated on 5/4/2025 by MarketBeat.com Staff

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McGrath RentCorp (MGRC) Financials

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McGrath RentCorp (MGRC) Financials

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