McGrath RentCorp (MGRC) Financials

$113.38 -1.17 (-1.02%)

Closing price 05/23/2025 04:00 PM Eastern

Extended Trading

$113.37 -0.01 (-0.01%)

As of 05/23/2025 07:45 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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	232	175	115	90	102	97	79	154	38	40
Consolidated Net Income / (Loss)	232	175	115	90	102	97	79	154	38	40
Net Income / (Loss) Continuing Operations	232	112	103	85	102	97	79	154	38	40
Total Pre-Tax Income	314	149	135	116	132	129	105	83	67	66
Total Operating Income	244	190	147	124	141	141	117	95	79	77
Total Gross Profit	633	394	290	247	264	266	375	206	184	177
Total Revenue	911	832	636	535	573	570	498	462	424	405
Operating Revenue	911	832	636	535	573	570	498	462	424	402
Total Cost of Revenue	476	438	345	287	309	304	123	256	240	228
Operating Cost of Revenue	278	438	345	287	309	304	123	190	240	228
Total Operating Expenses	389	204	143	123	123	125	258	112	105	100
Selling, General & Admin Expense	200	208	143	123	123	125	116	112	105	100
Depreciation Expense	88	-	-	-	-	-	73	-	-	-
Other Operating Expenses / (Income)	100	-3.62	0.00	0.00	-	-	69	-	-	-
Total Other Income / (Expense), net	69	-40	-13	-8.45	-8.71	-12	-13	-11	-12	-11
Interest Expense	47	41	12	8.24	8.79	12	12	12	12	10
Other Income / (Expense), net	117	0.31	-0.38	-0.21	0.08	0.08	-0.49	0.33	-0.12	-0.49
Income Tax Expense	82	38	31	31	30	32	25	-70	29	26
Net Income / (Loss) Discontinued Operations	0.00	63	12	4.62	-	-	-	-	-	-
Basic Earnings per Share	$9.44	$7.14	$4.73	$3.70	$4.22	$3.99	$3.29	$6.41	$1.60	$1.60
Weighted Average Basic Shares Outstanding	24.54M	24.47M	24.35M	24.22M	24.16M	24.25M	24.14M	24.00M	23.90M	25.37M
Diluted Earnings per Share	$9.43	$7.12	$4.70	$3.66	$4.16	$3.93	$3.24	$6.34	$1.60	$1.59
Weighted Average Diluted Shares Outstanding	24.57M	24.53M	24.52M	24.52M	24.53M	24.62M	24.54M	24.27M	23.98M	25.46M
Weighted Average Basic & Diluted Shares Outstanding	24.55M	24.50M	24.39M	24.26M	24.13M	24.30M	24.18M	24M	23.90M	25.30M
Cash Dividends to Common per Share	$1.90	$1.86	$1.82	$1.74	$1.68	$1.50	$1.36	$1.04	$1.02	$1.00

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

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

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

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

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

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

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

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

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

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. Check out McGrath RentCorp's forecast to explore projected trends and price targets.

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 5/24/2025 by MarketBeat.com Staff

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McGrath RentCorp (MGRC) Financials

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McGrath RentCorp (MGRC) Financials

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