McGrath RentCorp (MGRC) Financials

$113.06 0.00 (0.00%)

Closing price 04:00 PM Eastern

Extended Trading

$113.01 -0.05 (-0.04%)

As of 05:44 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	2025
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	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	40	38	154	79	97	102	90	115	175	232	156
Consolidated Net Income / (Loss)	40	38	154	79	97	102	90	115	175	232	156
Net Income / (Loss) Continuing Operations	40	38	154	79	97	102	85	103	112	232	156
Total Pre-Tax Income	66	67	83	105	129	132	116	135	149	314	213
Total Operating Income	77	79	95	117	141	141	124	147	190	244	244
Total Gross Profit	177	184	206	375	266	264	247	290	394	435	455
Total Revenue	405	424	462	498	570	573	535	636	832	911	944
Operating Revenue	402	424	462	498	570	573	535	636	832	911	944
Total Cost of Revenue	228	240	256	123	304	309	287	345	438	476	489
Operating Cost of Revenue	228	240	190	123	304	309	287	345	438	476	489
Total Operating Expenses	100	105	112	258	125	123	123	143	204	74	211
Selling, General & Admin Expense	100	105	112	116	125	123	123	143	208	200	211
Other Operating Expenses / (Income)	-	-	-	69	-	-	0.00	0.00	-3.62	54	0.00
Other Special Charges / (Income)	-	-	-	-	-	-	-	0.00	0.00	-180	0.00
Total Other Income / (Expense), net	-11	-12	-11	-13	-12	-8.71	-8.45	-13	-40	-47	-31
Interest Expense	10	12	12	12	12	8.79	8.24	12	41	47	31
Other Income / (Expense), net	-0.49	-0.12	0.33	-0.49	0.08	0.08	-0.21	-0.38	0.31	-0.22	0.08
Income Tax Expense	26	29	-70	25	32	30	31	31	38	82	57
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	-	4.62	12	63	0.00	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	$6.35
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	24.60M
Diluted Earnings per Share	$1.59	$1.60	$6.34	$3.24	$3.93	$4.16	$3.66	$4.70	$7.12	$9.43	$6.35
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	24.63M
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	24.61M
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	$1.94

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 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	40	32	23	21	149	39	28	36	42	50	27
Consolidated Net Income / (Loss)	40	32	23	21	149	39	28	36	42	50	27
Net Income / (Loss) Continuing Operations	40	32	23	0.00	0.00	39	28	0.00	0.00	128	27
Total Pre-Tax Income	56	44	30	29	203	52	37	49	59	68	37
Total Operating Income	67	56	52	54	75	85	46	57	67	74	43
Total Gross Profit	112	110	145	154	124	263	96	111	119	129	97
Total Revenue	244	222	188	213	267	244	195	236	256	257	199
Operating Revenue	244	222	188	213	267	244	195	236	256	257	199
Total Cost of Revenue	132	111	95	109	143	129	99	125	137	128	102
Operating Cost of Revenue	132	111	43	59	143	-19	99	125	137	128	102
Total Operating Expenses	45	54	93	99	-91	178	51	54	53	54	53
Selling, General & Admin Expense	49	55	50	49	49	30	51	54	53	54	53
Total Other Income / (Expense), net	-11	-12	-22	-25	-12	-33	-8.15	-7.71	-8.21	-6.47	-6.53
Interest Expense	11	12	13	13	13	8.86	8.16	7.80	8.18	6.49	6.50
Other Income / (Expense), net	-0.04	0.14	-9.49	-12	0.22	-24	0.01	0.08	-0.03	0.03	-0.03
Income Tax Expense	15	12	7.05	8.36	54	13	9.21	13	16	18	9.84
Basic Earnings per Share	$1.65	$1.31	$0.93	$0.84	$6.08	$1.59	$1.15	$1.46	$1.72	$2.02	$1.10
Weighted Average Basic Shares Outstanding	24.49M	24.47M	24.51M	24.55M	24.55M	24.54M	24.57M	24.61M	24.61M	24.60M	24.62M
Diluted Earnings per Share	$1.65	$1.30	$0.93	$0.84	$6.08	$1.58	$1.15	$1.46	$1.72	$2.02	$1.10
Weighted Average Diluted Shares Outstanding	24.53M	24.53M	24.56M	24.56M	24.57M	24.57M	24.62M	24.62M	24.64M	24.63M	24.66M
Weighted Average Basic & Diluted Shares Outstanding	24.49M	24.50M	24.55M	24.55M	24.55M	24.55M	24.61M	24.61M	24.61M	24.61M	24.56M
Cash Dividends to Common per Share	$0.47	$0.46	$0.48	$0.48	$0.48	$0.47	$0.49	$0.49	$0.49	$0.49	$0.50

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	2025
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	12/31/2025
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	-0.51
Net Cash From Operating Activities	144	141	122	143	188	181	196	194	95	374	256
Net Cash From Continuing Operating Activities	144	141	122	143	188	181	196	194	95	374	256
Net Income / (Loss) Continuing Operations	40	38	154	79	97	102	90	115	175	232	156
Consolidated Net Income / (Loss)	40	38	154	79	97	102	90	115	175	232	156
Depreciation Expense	84	81	78	82	89	95	107	111	109	107	107
Amortization Expense	0.05	0.05	0.05	0.02	0.01	0.01	0.02	0.02	0.01	0.07	0.21
Non-Cash Adjustments To Reconcile Net Income	-5.87	-8.64	-12	-14	-14	-13	-17	-29	-86	-33	-31
Changes in Operating Assets and Liabilities, net	25	30	-98	-4.40	16	-3.62	16	-3.31	-102	68	23
Net Cash From Investing Activities	-114	-60	-71	-104	-143	-53	-352	-131	-392	-151	-127
Net Cash From Continuing Investing Activities	-114	-60	-71	-104	-143	-53	-352	-131	-660	-151	-127
Purchase of Property, Plant & Equipment	-140	-90	-109	-139	-180	-100	-117	-205	-274	-231	-187
Acquisitions	-	-	-	-7.54	-7.81	0.00	-292	0.00	-462	0.00	-24
Sale of Property, Plant & Equipment	26	29	38	42	44	47	0.00	0.00	9.70	12	0.00
Other Investing Activities, net	-	-	-	-	-	-	57	74	66	68	84
Net Cash From Discontinued Investing Activities	-	-	-	-	-	-	0.00	0.00	268	0.00	0.00
Net Cash From Financing Activities	-30	-81	-50	-39	-44	-128	156	-64	296	-224	-129
Net Cash From Continuing Financing Activities	-30	-81	-50	-39	-44	-128	156	-64	296	-224	-129
Repayment of Debt	-20	-55	-23	-20	-5.14	-71	-40	-13	274	-173	-150
Payment of Dividends	-26	-24	-25	-31	-36	-40	-42	-44	-46	-47	-48
Issuance of Debt	79	-	-	15	0.00	0.00	244	0.00	75	0.00	75
Other Financing Activities, net	0.59	-1.25	-2.07	-3.26	-3.33	-4.38	-5.35	-6.54	-7.23	-4.37	-5.69
Effect of Exchange Rate Changes	-	-0.00	-0.04	-0.10	0.00	-0.16	0.00	-0.01	0.01	0.00	0.00
Cash Interest Paid	10	12	12	13	12	9.05	10	15	39	48	30
Cash Income Taxes Paid	2.50	16	30	18	18	35	9.09	27	92	37	10

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 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-0.26	-1.07	1.04	7.48	-5.34	-3.25	2.59	-1.92	5.79	-6.96	2.06
Net Cash From Operating Activities	47	-24	59	79	199	37	54	56	65	81	42
Net Cash From Continuing Operating Activities	47	-24	59	79	199	37	54	56	65	81	42
Net Income / (Loss) Continuing Operations	40	32	23	21	149	39	28	36	42	50	27
Consolidated Net Income / (Loss)	40	32	23	21	149	39	28	36	42	50	27
Depreciation Expense	27	28	27	27	27	27	26	26	27	27	28
Amortization Expense	0.00	0.00	0.00	0.00	0.00	0.06	0.02	0.02	0.16	0.00	0.00
Non-Cash Adjustments To Reconcile Net Income	-9.95	-5.04	-14	-5.18	-6.91	-6.63	-3.49	-7.12	-10	-10	-3.87
Changes in Operating Assets and Liabilities, net	-9.85	-78	23	37	30	-22	2.74	0.60	5.91	14	-8.62
Net Cash From Investing Activities	-31	-60	-78	-56	-6.93	-9.94	-2.70	-59	-26	-39	-41
Net Cash From Continuing Investing Activities	-31	-60	-78	-56	-6.93	-9.94	-2.70	-59	-26	-39	-41
Purchase of Property, Plant & Equipment	-48	-86	-104	-72	-28	-28	-16	-56	-53	-62	-53
Sale of Property, Plant & Equipment	0.60	9.11	12	-	-	-	-	-	-	-	12
Net Cash From Financing Activities	-16	83	20	-16	-197	-30	-49	1.16	-33	-49	0.71
Net Cash From Continuing Financing Activities	-16	83	20	-16	-197	-30	-49	1.16	-33	-49	0.71
Repurchase of Common Equity	-	-	-	-	-	-	0.00	-	-	-	-12
Payment of Dividends	-11	-11	-12	-12	-12	-12	-12	-12	-12	-12	-12
Issuance of Debt	75	-	-	39	-75	-	-	-	75	-	31
Other Financing Activities, net	-	-1.13	-4.08	-	-	-0.29	-5.62	-0.07	-0.01	-	-5.96
Cash Interest Paid	11	11	14	12	14	7.99	9.15	6.84	8.89	5.04	8.31
Cash Income Taxes Paid	2.62	82	0.48	-5.08	0.77	40	0.02	5.76	0.75	3.58	0.28

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	2025
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	12/31/2025
Total Assets	1,153	1,128	1,148	1,217	1,310	1,276	1,596	1,708	2,217	2,278	2,357
Total Current Assets	-440	-468	-485	-515	-505	166	216	241	331	315	324
Cash & Equivalents	-	-	-	-	2.34	1.24	1.49	0.96	0.88	0.81	0.30
Accounts Receivable	-	-	-	-	-	123	159	170	227	219	232
Inventories, net	-440	-468	-485	-515	-553	-	-	-	15	14	8.03
Prepaid Expenses	-	-	-	-	45	42	55	70	87	80	83
Plant, Property, & Equipment, net	110	112	119	127	131	938	1,065	990	1,329	1,388	1,421
Plant, Property & Equipment, gross	1,310	1,324	1,348	1,416	1,520	1,531	1,711	1,522	1,905	1,999	2,068
Accumulated Depreciation	-	-	-	-	-	593	646	531	575	612	647
Total Noncurrent Assets	1,483	1,484	1,514	1,605	1,684	172	2,026	477	557	575	613
Goodwill	28	28	28	28	28	28	132	106	323	323	333
Intangible Assets	9.47	8.60	7.72	7.25	7.33	7.12	47	35	65	54	47
Other Noncurrent Operating Assets	125	123	131	154	128	136	1,847	335	169	197	233
Total Liabilities & Shareholders' Equity	1,153	1,128	1,148	1,217	1,310	1,276	1,596	1,708	2,217	2,278	2,357
Total Liabilities	773	734	624	646	676	593	864	904	1,283	1,154	1,120
Total Current Liabilities	108	116	126	141	164	154	621	287	279	284	292
Accounts Payable	72	78	86	91	109	108	136	151	59	60	66
Accrued Expenses	-	-	-	-	-	-	-	-	109	114	115
Current Deferred Revenue	36	37	39	50	55	46	59	82	111	110	111
Total Noncurrent Liabilities	665	618	498	505	512	439	242	617	1,005	870	829
Long-Term Debt	381	326	303	299	293	223	-	414	763	590	515
Noncurrent Deferred & Payable Income Tax Liabilities	283	292	195	207	218	216	242	203	242	280	314
Total Equity & Noncontrolling Interests	380	394	524	572	634	683	732	804	934	1,123	1,237
Total Preferred & Common Equity	380	394	524	572	634	683	732	804	934	1,123	1,237
Total Common Equity	380	394	524	572	634	683	732	804	934	1,123	1,237
Common Stock	101	102	103	104	106	106	109	110	111	116	122
Retained Earnings	279	293	421	468	528	576	623	694	823	1,007	1,115
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	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	Q2 2025	Q3 2025	Q1 2026
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	6/30/2025	9/30/2025	3/31/2026
Total Assets	1,678	2,062	2,109	2,137	2,263	2,318	2,286	2,242	2,327	2,351	2,378
Total Current Assets	264	258	276	307	320	337	318	299	333	344	326
Cash & Equivalents	1.56	0.69	2.21	1.95	1.91	9.40	4.06	3.39	1.47	7.26	2.36
Accounts Receivable	190	177	192	224	212	217	225	209	234	241	222
Inventories, net	-	-	-	-	25	28	22	17	12	13	11
Prepaid Expenses	72	80	82	81	82	82	67	70	86	82	90
Plant, Property, & Equipment, net	1,100	1,267	1,296	1,292	1,369	1,407	1,392	1,369	1,394	1,400	1,437
Plant, Property & Equipment, gross	1,791	1,814	1,849	1,857	1,957	2,009	1,997	1,989	2,021	2,038	2,097
Accumulated Depreciation	691	547	553	565	589	602	605	620	627	638	660
Total Noncurrent Assets	314	536	538	538	574	574	576	574	600	607	616
Goodwill	132	324	325	324	323	323	323	323	332	332	333
Intangible Assets	43	68	66	67	62	59	57	52	52	49	44
Other Noncurrent Operating Assets	139	144	147	146	189	192	196	199	216	225	239
Total Liabilities & Shareholders' Equity	1,678	2,062	2,109	2,137	2,263	2,318	2,286	2,242	2,327	2,351	2,378
Total Liabilities	905	1,202	1,229	1,225	1,320	1,364	1,192	1,106	1,164	1,155	1,141
Total Current Liabilities	247	320	326	329	276	317	310	264	298	300	280
Accounts Payable	155	219	220	223	57	73	76	43	55	55	55
Accrued Expenses	-	-	-	-	96	109	109	104	118	114	110
Current Deferred Revenue	92	100	107	106	123	135	124	117	125	131	116
Total Noncurrent Liabilities	658	883	902	897	1,045	1,047	882	841	865	855	861
Long-Term Debt	419	659	673	668	799	794	609	559	573	552	546
Noncurrent Deferred & Payable Income Tax Liabilities	238	224	230	229	246	253	273	282	293	303	315
Total Equity & Noncontrolling Interests	773	860	881	911	943	954	1,094	1,136	1,163	1,196	1,237
Total Preferred & Common Equity	773	860	881	911	943	954	1,094	1,136	1,163	1,196	1,237
Total Common Equity	773	860	881	911	943	954	1,094	1,136	1,163	1,196	1,237
Common Stock	107	105	107	109	109	112	114	113	116	119	118
Retained Earnings	666	754	773	802	834	843	980	1,023	1,047	1,078	1,119
Accumulated Other Comprehensive Income / (Loss)	0.08	-0.10	-0.05	-0.04	-0.05	-0.04	-0.17	0.00	-	-	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	2025
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	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-0.88%	4.83%	8.95%	7.86%	14.43%	0.41%	-6.63%	18.91%	30.86%	9.51%	3.65%
EBITDA Growth	-3.23%	-0.27%	8.21%	14.66%	16.06%	1.97%	-2.00%	11.92%	15.92%	56.45%	-0.17%
EBIT Growth	-10.07%	3.49%	20.14%	23.05%	20.91%	-0.44%	-11.91%	18.43%	29.34%	89.92%	-0.14%
NOPAT Growth	-7.93%	-3.46%	285.77%	-49.01%	18.95%	2.57%	-16.02%	23.75%	25.66%	27.11%	-0.97%
Net Income Growth	-11.46%	-5.48%	302.39%	-48.41%	21.91%	5.35%	-12.04%	28.35%	51.66%	32.70%	-32.55%
EPS Growth	-9.14%	0.63%	296.25%	-48.90%	21.30%	5.85%	-12.02%	28.42%	51.49%	32.44%	-32.66%
Operating Cash Flow Growth	17.30%	-2.47%	-13.01%	16.57%	31.77%	-3.98%	8.44%	-0.67%	-50.96%	292.66%	-31.70%
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%	-14.53%
Invested Capital Growth	1.87%	-5.31%	14.86%	5.14%	6.32%	-2.27%	170.09%	-48.00%	33.55%	0.99%	2.27%
Revenue Q/Q Growth	-1.58%	0.00%	3.81%	2.23%	2.54%	0.31%	-9.38%	16.33%	4.88%	2.49%	1.40%
EBITDA Q/Q Growth	-2.93%	-0.12%	2.77%	4.97%	2.50%	1.20%	-0.96%	5.94%	2.19%	0.89%	-26.50%
EBIT Q/Q Growth	-6.30%	1.39%	4.77%	7.67%	2.31%	2.11%	-4.98%	10.59%	3.80%	1.40%	-34.29%
NOPAT Q/Q Growth	-4.06%	-4.80%	232.80%	-54.35%	1.77%	3.90%	-8.13%	13.83%	1.74%	13.96%	4.29%
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%	7.49%
EPS Q/Q Growth	-3.64%	-3.61%	231.94%	-54.30%	2.08%	5.32%	-3.17%	10.59%	-4.17%	3.06%	7.45%
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%	20.87%
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%	8.24%
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%	0.63%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	43.73%	43.43%	44.66%	75.27%	46.68%	46.06%	46.26%	45.65%	47.32%	69.47%	48.18%
EBITDA Margin	39.75%	37.82%	37.56%	39.93%	40.50%	41.13%	43.17%	40.63%	35.99%	51.42%	37.17%
Operating Margin	19.02%	18.69%	20.51%	23.57%	24.79%	24.58%	23.24%	23.17%	22.81%	26.81%	25.80%
EBIT Margin	18.90%	18.66%	20.58%	23.48%	24.81%	24.60%	23.21%	23.11%	22.84%	39.62%	25.81%
Profit (Net Income) Margin	10.00%	9.02%	33.31%	15.93%	16.98%	17.81%	16.78%	18.11%	20.99%	25.44%	16.55%
Tax Burden Percent	60.97%	57.15%	184.44%	75.85%	74.97%	77.23%	77.46%	85.49%	116.83%	73.88%	73.36%
Interest Burden Percent	86.80%	84.58%	87.78%	89.49%	91.28%	93.76%	93.35%	91.68%	78.66%	86.91%	87.43%
Effective Tax Rate	39.03%	42.85%	-84.44%	24.15%	25.03%	22.77%	26.53%	23.30%	25.16%	26.12%	26.64%
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%	10.32%
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%	6.26%
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%	2.93%
Return on Equity (ROE)	10.06%	9.88%	33.52%	14.49%	16.06%	15.49%	12.68%	14.99%	20.10%	22.53%	13.24%
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%	8.07%
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%	10.52%
Return on Assets (ROA)	3.57%	3.35%	13.52%	6.71%	7.66%	7.89%	6.25%	6.97%	8.90%	10.31%	6.75%
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%	13.24%
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%	0.00%
Net Operating Profit after Tax (NOPAT)	47	45	175	89	106	109	91	113	142	180	179
NOPAT Margin	11.60%	10.68%	37.82%	17.88%	18.59%	18.99%	17.08%	17.77%	17.07%	19.81%	18.93%
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%	4.06%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	9.28%	8.37%	10.53%	10.20%
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%	51.82%
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%	22.38%
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	24.71%	24.74%	24.16%	51.69%	21.88%	21.48%	23.02%	22.48%	24.51%	42.65%	22.38%
Earnings before Interest and Taxes (EBIT)	76	79	95	117	141	141	124	147	190	361	244
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	161	160	174	199	231	235	231	258	299	468	351
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	2.08
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	3.00
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	2.72
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	16.45
Dividend Yield	4.90%	3.01%	2.56%	2.83%	2.12%	2.63%	2.27%	1.90%	1.58%	1.70%	1.85%
Earnings Yield	8.35%	4.89%	15.87%	7.25%	5.78%	6.81%	4.87%	4.98%	6.09%	8.47%	6.08%
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	1.76
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	3.27
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	8.79
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	12.66
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	17.27
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	12.07
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	22.07
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	0.42
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	0.42
Financial Leverage	0.88	0.91	0.69	0.55	0.49	0.39	1.37	1.42	0.71	0.66	0.47
Leverage Ratio	2.82	2.95	2.48	2.16	2.10	1.96	2.03	2.15	2.26	2.19	1.96
Compound Leverage Factor	2.45	2.49	2.18	1.93	1.91	1.84	1.90	1.97	1.78	1.90	1.72
Debt to Total Capital	50.10%	45.28%	36.66%	34.31%	31.64%	24.60%	0.00%	33.98%	44.97%	34.44%	29.39%
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	50.10%	45.28%	36.66%	34.31%	31.64%	24.60%	0.00%	33.98%	44.97%	34.44%	29.39%
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	49.90%	54.72%	63.34%	65.69%	68.36%	75.40%	100.00%	66.02%	55.03%	65.56%	70.61%
Debt to EBITDA	2.37	2.03	1.75	1.50	1.27	0.95	0.00	1.60	2.55	1.26	1.47
Net Debt to EBITDA	2.37	2.03	1.75	1.50	1.26	0.94	0.00	1.60	2.55	1.26	1.47
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	1.47
Debt to NOPAT	8.13	7.20	1.74	3.35	2.77	2.05	0.00	3.66	5.37	3.27	2.88
Net Debt to NOPAT	8.13	7.20	1.74	3.35	2.75	2.04	0.00	3.65	5.37	3.27	2.88
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	2.88
Altman Z-Score	0.71	0.99	1.48	1.64	2.23	2.97	2.11	2.73	2.55	2.98	2.80
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	-4.07	-4.04	-3.86	-3.66	-3.08	1.08	0.35	0.84	1.19	1.11	1.11
Quick Ratio	0.00	0.00	0.00	0.00	0.01	0.81	0.26	0.60	0.82	0.78	0.80
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	33	86	68	47	51	130	-1,447	1,285	-284	164	140
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%	136.76%
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	4.57
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	8.35
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	2.24
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.36	0.37	0.41	0.42	0.45	0.44	0.37	0.38	0.42	0.41	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	4.19
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	31.99	43.82
Fixed Asset Turnover	3.70	3.82	3.99	4.05	4.42	1.07	0.53	0.62	0.72	0.67	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	7.75
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	96.55	94.58	87.17	89.49	87.21
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	11.41	8.33
Days Payable Outstanding (DPO)	114.89	114.22	117.49	262.44	120.05	128.54	155.42	151.89	87.44	45.61	47.12
Cash Conversion Cycle (CCC)	-114.89	-114.22	-117.49	-262.44	-120.05	-128.54	-58.87	-57.31	-0.28	55.29	48.42
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	761	721	828	870	925	904	2,442	1,270	1,696	1,713	1,752
Invested Capital Turnover	0.54	0.57	0.60	0.59	0.64	0.63	0.32	0.34	0.56	0.53	0.55
Increase / (Decrease) in Invested Capital	14	-40	107	43	55	-21	1,538	-1,172	426	17	39
Enterprise Value (EV)	866	1,109	1,273	1,393	1,967	1,720	1,842	2,725	3,631	3,324	3,086
Market Capitalization	485	783	970	1,095	1,676	1,498	1,843	2,313	2,869	2,734	2,571
Book Value per Share	$15.90	$16.49	$21.81	$23.64	$26.11	$28.31	$30.19	$32.97	$38.13	$45.76	$50.26
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	$34.85
Total Capital	761	721	828	870	927	905	732	1,218	1,697	1,714	1,752
Total Debt	381	326	303	299	293	223	0.00	414	763	590	515
Total Long-Term Debt	381	326	303	299	293	223	0.00	414	763	590	515
Net Debt	381	326	303	299	291	222	-1.49	413	762	589	515
Capital Expenditures (CapEx)	114	60	71	97	135	53	117	205	264	219	187
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-549	-583	-611	-656	-672	11	-407	-47	51	30	32
Debt-free Net Working Capital (DFNWC)	-549	-583	-611	-656	-669	12	-406	-46	52	31	32
Net Working Capital (NWC)	-549	-583	-611	-656	-669	12	-406	-46	52	31	32
Net Nonoperating Expense (NNE)	6.45	7.05	21	9.70	9.18	6.73	1.59	-2.16	-33	-51	22
Net Nonoperating Obligations (NNO)	381	326	303	299	291	222	1,710	466	762	589	515
Total Depreciation and Amortization (D&A)	84	81	78	82	89	95	107	111	109	108	107
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%	3.35%
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%	3.38%
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%	3.38%
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	$6.35
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	24.60M
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	$6.35
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	24.63M
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	$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	24.61M
Normalized Net Operating Profit after Tax (NOPAT)	47	45	66	89	106	109	91	113	142	180	179
Normalized NOPAT Margin	11.60%	10.68%	14.35%	17.88%	18.59%	18.99%	17.08%	17.77%	17.07%	19.81%	18.93%
Pre Tax Income Margin	16.41%	15.78%	18.06%	21.01%	22.64%	23.06%	21.66%	21.19%	17.97%	34.43%	22.57%
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	7.96
NOPAT to Interest Expense	4.65	3.71	15.04	7.25	8.60	12.37	11.07	9.24	3.50	3.82	5.84
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	1.85
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	-0.27
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%	30.64%
Augmented Payout Ratio	221.72%	63.91%	16.16%	38.96%	36.71%	52.35%	47.02%	38.45%	26.09%	20.18%	30.64%

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	24,611,657.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	24,611,657.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	1.10
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	39.67%	21.15%	14.73%	4.72%	9.55%	10.00%	4.04%	10.82%	-3.87%	5.34%	1.60%
EBITDA Growth	38.26%	8.35%	46.35%	-7.97%	159.19%	4.98%	3.16%	21.25%	-7.65%	-8.70%	-1.11%
EBIT Growth	67.82%	14.25%	111.99%	-11.67%	223.79%	8.95%	6.98%	36.27%	-10.97%	-12.24%	-4.83%
NOPAT Growth	62.47%	6.75%	80.25%	-15.38%	13.57%	55.82%	-13.69%	7.41%	-12.28%	15.44%	-7.37%
Net Income Growth	32.06%	-19.24%	-68.11%	-32.58%	269.91%	21.64%	23.46%	74.47%	-71.67%	27.95%	-4.17%
EPS Growth	32.00%	-19.25%	-68.15%	-32.80%	268.48%	21.54%	23.66%	73.81%	-71.71%	27.85%	-4.35%
Operating Cash Flow Growth	-7.42%	-138.54%	66.39%	121.63%	319.30%	256.11%	-9.32%	-29.54%	-67.30%	120.01%	-21.37%
Free Cash Flow Firm Growth	-4,130.78%	-131.83%	75.19%	-115.67%	80.30%	112.12%	144.81%	131.11%	109.09%	-48.37%	-168.82%
Invested Capital Growth	32.42%	33.55%	14.63%	12.13%	7.70%	0.99%	-2.72%	-0.28%	2.48%	2.27%	5.20%
Revenue Q/Q Growth	19.94%	-9.00%	-15.24%	13.20%	25.47%	-8.63%	-19.83%	20.57%	8.84%	0.12%	-22.67%
EBITDA Q/Q Growth	24.68%	-10.78%	-16.27%	-1.19%	251.16%	-63.86%	-17.73%	16.14%	12.21%	8.23%	-29.89%
EBIT Q/Q Growth	39.90%	-16.12%	-23.68%	-1.37%	412.83%	-71.77%	-25.06%	25.63%	16.48%	11.26%	-41.55%
NOPAT Q/Q Growth	36.94%	-15.73%	-19.95%	-8.40%	83.78%	15.62%	-45.95%	21.04%	15.99%	13.18%	-41.70%
Net Income Q/Q Growth	31.99%	-20.69%	-28.64%	-9.76%	624.21%	-73.92%	-27.57%	27.52%	17.58%	17.81%	-45.75%
EPS Q/Q Growth	32.00%	-21.21%	-28.46%	-9.68%	623.81%	-74.01%	-27.22%	26.96%	17.81%	17.44%	-45.54%
Operating Cash Flow Q/Q Growth	32.77%	-149.65%	352.21%	33.30%	151.19%	-81.52%	46.50%	3.58%	16.59%	24.35%	-47.64%
Free Cash Flow Firm Q/Q Growth	-133.44%	-14.07%	50.83%	16.47%	57.95%	170.20%	74.89%	-43.09%	-86.99%	159.69%	-457.86%
Invested Capital Q/Q Growth	1.68%	7.54%	2.58%	-0.03%	-2.33%	0.84%	-1.19%	2.47%	0.38%	0.63%	1.64%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	45.80%	49.70%	49.66%	48.64%	64.93%	107.86%	49.35%	46.99%	46.50%	50.07%	48.80%
EBITDA Margin	38.37%	37.62%	37.16%	32.43%	90.78%	35.90%	36.84%	35.49%	36.59%	39.55%	35.86%
Operating Margin	27.34%	25.13%	22.75%	19.78%	28.00%	34.79%	23.32%	24.26%	26.02%	28.89%	21.86%
EBIT Margin	27.33%	25.19%	22.68%	19.76%	80.77%	24.95%	23.32%	24.30%	26.00%	28.90%	21.84%
Profit (Net Income) Margin	16.58%	14.45%	12.16%	9.70%	55.97%	15.98%	14.44%	15.27%	16.49%	19.41%	13.62%
Tax Burden Percent	72.71%	73.28%	76.43%	71.15%	73.62%	74.96%	75.40%	72.74%	72.29%	73.60%	73.32%
Interest Burden Percent	83.43%	78.28%	70.18%	68.97%	94.13%	85.43%	82.10%	86.38%	87.74%	91.25%	85.01%
Effective Tax Rate	27.29%	26.72%	23.57%	28.85%	26.38%	25.04%	24.60%	27.26%	27.71%	26.40%	26.68%
Return on Invested Capital (ROIC)	11.39%	10.33%	9.14%	7.40%	11.18%	13.94%	9.41%	9.57%	10.18%	11.59%	8.75%
ROIC Less NNEP Spread (ROIC-NNEP)	9.91%	8.90%	7.79%	6.13%	26.04%	10.30%	8.50%	8.74%	9.15%	10.73%	7.87%
Return on Net Nonoperating Assets (RNNOA)	6.37%	6.29%	6.29%	4.86%	16.49%	6.76%	5.53%	5.60%	4.59%	5.02%	3.65%
Return on Equity (ROE)	17.77%	16.62%	15.42%	12.26%	27.68%	20.70%	14.94%	15.17%	14.78%	16.61%	12.39%
Cash Return on Invested Capital (CROIC)	-17.81%	-19.15%	-3.99%	-2.21%	2.25%	9.60%	12.98%	10.51%	7.51%	8.07%	5.08%
Operating Return on Assets (OROA)	11.36%	10.68%	8.98%	7.73%	32.47%	10.11%	9.51%	9.85%	10.45%	11.77%	8.96%
Return on Assets (ROA)	6.89%	6.12%	4.81%	3.79%	22.50%	6.48%	5.89%	6.19%	6.63%	7.91%	5.58%
Return on Common Equity (ROCE)	17.77%	16.62%	15.42%	12.26%	27.68%	20.70%	14.94%	15.17%	14.78%	16.61%	12.39%
Return on Equity Simple (ROE_SIMPLE)	20.00%	0.00%	13.34%	12.14%	20.55%	0.00%	20.86%	21.70%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	48	41	33	30	55	64	34	42	48	55	32
NOPAT Margin	19.88%	18.41%	17.39%	14.07%	20.61%	26.08%	17.58%	17.65%	18.81%	21.26%	16.03%
Net Nonoperating Expense Percent (NNEP)	1.49%	1.43%	1.35%	1.28%	-14.85%	3.64%	0.91%	0.83%	1.03%	0.86%	0.87%
Return On Investment Capital (ROIC_SIMPLE)	-	2.40%	-	-	-	3.71%	2.03%	2.40%	2.76%	3.12%	1.79%
Cost of Revenue to Revenue	54.20%	50.30%	50.34%	51.36%	53.52%	52.92%	50.65%	53.01%	53.50%	49.93%	51.20%
SG&A Expenses to Revenue	19.92%	24.60%	31.85%	28.86%	18.48%	12.29%	26.03%	22.72%	20.49%	21.19%	26.94%
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	18.46%	24.57%	26.91%	28.86%	36.94%	73.07%	26.03%	22.72%	20.49%	21.19%	26.94%
Earnings before Interest and Taxes (EBIT)	67	56	43	42	215	61	46	57	67	74	43
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	93	83	70	69	242	88	72	84	94	102	71
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.64	3.07	3.18	2.73	2.35	2.43	2.40	2.44	2.40	2.08	2.19
Price to Tangible Book Value (P/TBV)	4.62	5.25	5.37	4.56	3.60	3.67	3.58	3.65	3.53	3.00	3.14
Price to Revenue (P/Rev)	3.03	3.45	3.50	3.01	2.90	3.00	2.96	3.02	3.09	2.72	2.85
Price to Earnings (P/E)	13.18	16.43	23.81	22.48	11.45	11.80	11.48	11.26	19.77	16.45	17.42
Dividend Yield	1.88%	1.58%	1.52%	1.76%	1.79%	1.70%	1.71%	1.65%	1.64%	1.85%	1.77%
Earnings Yield	7.59%	6.09%	4.20%	4.45%	8.74%	8.47%	8.71%	8.88%	5.06%	6.08%	5.74%
Enterprise Value to Invested Capital (EV/IC)	1.95	2.14	2.18	1.95	1.87	1.94	1.94	1.97	1.96	1.76	1.82
Enterprise Value to Revenue (EV/Rev)	3.87	4.36	4.43	3.92	3.58	3.65	3.57	3.63	3.67	3.27	3.43
Enterprise Value to EBITDA (EV/EBITDA)	10.47	12.13	11.80	10.74	6.85	7.10	6.97	7.03	7.16	8.79	9.27
Enterprise Value to EBIT (EV/EBIT)	16.76	19.11	17.85	16.38	8.93	9.21	9.01	9.00	9.22	12.66	13.44
Enterprise Value to NOPAT (EV/NOPAT)	21.99	25.57	24.15	22.34	20.07	18.42	18.68	19.21	19.95	17.27	18.42
Enterprise Value to Operating Cash Flow (EV/OCF)	17.04	38.08	31.86	20.86	10.12	8.88	8.89	9.88	16.16	12.07	13.29
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	86.21	20.32	14.71	18.69	26.47	22.07	36.80
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.73	0.82	0.85	0.83	0.56	0.53	0.49	0.49	0.46	0.42	0.44
Long-Term Debt to Equity	0.73	0.82	0.85	0.83	0.56	0.53	0.49	0.49	0.46	0.42	0.44
Financial Leverage	0.64	0.71	0.81	0.79	0.63	0.66	0.65	0.64	0.50	0.47	0.46
Leverage Ratio	2.26	2.26	2.40	2.41	2.21	2.19	2.17	2.19	2.02	1.96	1.95
Compound Leverage Factor	1.89	1.77	1.68	1.66	2.08	1.87	1.78	1.90	1.78	1.79	1.66
Debt to Total Capital	42.28%	44.97%	45.85%	45.43%	35.74%	34.44%	32.98%	32.99%	31.57%	29.39%	30.63%
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	42.28%	44.97%	45.85%	45.43%	35.74%	34.44%	32.98%	32.99%	31.57%	29.39%	30.63%
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	57.72%	55.03%	54.15%	54.57%	64.26%	65.56%	67.02%	67.01%	68.43%	70.61%	69.37%
Debt to EBITDA	2.28	2.55	2.48	2.52	1.31	1.26	1.19	1.18	1.16	1.47	1.56
Net Debt to EBITDA	2.27	2.55	2.48	2.49	1.30	1.26	1.18	1.18	1.14	1.47	1.55
Long-Term Debt to EBITDA	2.28	2.55	2.48	2.52	1.31	1.26	1.19	1.18	1.16	1.47	1.56
Debt to NOPAT	4.78	5.37	5.08	5.24	3.84	3.27	3.19	3.22	3.22	2.88	3.10
Net Debt to NOPAT	4.77	5.37	5.07	5.17	3.82	3.27	3.17	3.21	3.18	2.88	3.08
Long-Term Debt to NOPAT	4.78	5.37	5.08	5.24	3.84	3.27	3.19	3.22	3.22	2.88	3.10
Altman Z-Score	2.16	2.35	2.34	2.10	2.60	2.54	2.61	2.60	2.65	2.56	2.56
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	0.93	1.19	1.16	1.06	1.03	1.11	1.13	1.12	1.15	1.11	1.16
Quick Ratio	0.69	0.82	0.78	0.72	0.74	0.78	0.80	0.79	0.83	0.80	0.80
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-338	-385	-189	-158	-67	47	82	46	6.05	16	-56
Operating Cash Flow to CapEx	99.15%	-30.68%	64.82%	110.70%	713.94%	130.79%	347.07%	99.09%	123.01%	130.08%	103.30%
Free Cash Flow to Firm to Interest Expense	-30.63	-31.77	-14.91	-12.13	-5.26	5.27	10.01	5.96	0.74	2.42	-8.65
Operating Cash Flow to Interest Expense	4.30	-1.94	4.68	6.08	15.74	4.15	6.60	7.16	7.96	12.46	6.52
Operating Cash Flow Less CapEx to Interest Expense	-0.04	-8.28	-2.54	0.59	13.54	0.98	4.70	-0.07	1.49	2.88	0.21
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.42	0.42	0.40	0.39	0.40	0.41	0.41	0.41	0.40	0.41	0.41
Accounts Receivable Turnover	3.83	4.19	4.40	4.23	3.96	4.08	4.37	4.17	4.00	4.19	4.40
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	31.99	23.04	24.47	27.45	43.82	34.82
Fixed Asset Turnover	0.66	0.72	0.65	0.64	0.66	0.67	0.67	0.67	0.67	0.67	0.68
Accounts Payable Turnover	2.23	4.17	3.23	3.06	3.06	8.00	9.58	7.74	7.46	7.75	10.06
Days Sales Outstanding (DSO)	95.31	87.17	82.93	86.25	92.15	89.49	83.61	87.45	91.30	87.21	83.02
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	11.41	15.84	14.92	13.30	8.33	10.48
Days Payable Outstanding (DPO)	163.73	87.44	113.00	119.47	119.24	45.61	38.10	47.13	48.92	47.12	36.29
Cash Conversion Cycle (CCC)	-68.42	-0.28	-30.07	-33.22	-27.09	55.29	61.36	55.24	55.68	48.42	57.22
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,577	1,696	1,740	1,739	1,699	1,713	1,692	1,734	1,741	1,752	1,780
Invested Capital Turnover	0.57	0.56	0.53	0.53	0.54	0.53	0.54	0.54	0.54	0.55	0.55
Increase / (Decrease) in Invested Capital	386	426	222	188	122	17	-47	-4.89	42	39	88
Enterprise Value (EV)	3,068	3,631	3,793	3,390	3,178	3,324	3,279	3,413	3,420	3,086	3,246
Market Capitalization	2,402	2,869	2,996	2,605	2,573	2,734	2,723	2,842	2,875	2,571	2,703
Book Value per Share	$37.22	$38.13	$38.47	$38.87	$44.56	$45.76	$46.29	$47.26	$48.60	$50.26	$50.25
Tangible Book Value per Share	$21.24	$22.29	$22.75	$23.28	$29.08	$30.38	$31.01	$31.65	$33.10	$34.85	$34.95
Total Capital	1,579	1,697	1,742	1,749	1,703	1,714	1,696	1,736	1,748	1,752	1,783
Total Debt	668	763	799	794	609	590	559	573	552	515	546
Total Long-Term Debt	668	763	799	794	609	590	559	573	552	515	546
Net Debt	666	762	797	785	605	589	556	571	545	515	544
Capital Expenditures (CapEx)	48	77	92	72	28	28	16	56	53	62	41
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-23	51	43	10	4.66	30	31	33	37	32	43
Debt-free Net Working Capital (DFNWC)	-21	52	45	20	8.71	31	34	35	45	32	45
Net Working Capital (NWC)	-21	52	45	20	8.71	31	34	35	45	32	45
Net Nonoperating Expense (NNE)	8.05	8.78	9.81	9.30	-94	25	6.15	5.61	5.93	4.76	4.79
Net Nonoperating Obligations (NNO)	666	762	797	785	605	589	556	571	545	515	544
Total Depreciation and Amortization (D&A)	27	28	27	27	27	27	26	26	27	27	28
Debt-free, Cash-free Net Working Capital to Revenue	-2.95%	6.16%	5.02%	1.21%	0.52%	3.32%	3.39%	3.55%	4.01%	3.35%	4.54%
Debt-free Net Working Capital to Revenue	-2.71%	6.26%	5.24%	2.29%	0.98%	3.41%	3.76%	3.71%	4.79%	3.38%	4.79%
Net Working Capital to Revenue	-2.71%	6.26%	5.24%	2.29%	0.98%	3.41%	3.76%	3.71%	4.79%	3.38%	4.79%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.65	$1.31	$0.93	$0.84	$6.08	$1.59	$1.15	$1.46	$1.72	$2.02	$1.10
Adjusted Weighted Average Basic Shares Outstanding	24.49M	24.47M	24.51M	24.55M	24.55M	24.54M	24.57M	24.61M	24.61M	24.60M	24.62M
Adjusted Diluted Earnings per Share	$1.65	$1.30	$0.93	$0.84	$6.08	$1.58	$1.15	$1.46	$1.72	$2.02	$1.10
Adjusted Weighted Average Diluted Shares Outstanding	24.53M	24.53M	24.56M	24.56M	24.57M	24.57M	24.62M	24.62M	24.64M	24.63M	24.66M
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	24.49M	24.50M	24.55M	24.55M	24.55M	24.55M	24.61M	24.61M	24.61M	24.61M	24.56M
Normalized Net Operating Profit after Tax (NOPAT)	48	41	33	30	55	64	34	42	48	55	32
Normalized NOPAT Margin	19.88%	18.41%	17.39%	14.07%	20.61%	26.08%	17.58%	17.65%	18.81%	21.26%	16.03%
Pre Tax Income Margin	22.80%	19.72%	15.92%	13.63%	76.03%	21.32%	19.15%	20.99%	22.82%	26.37%	18.57%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	6.04	4.60	3.35	3.22	17.04	6.86	5.59	7.34	8.16	11.43	6.67
NOPAT to Interest Expense	4.39	3.36	2.57	2.29	4.35	7.18	4.21	5.33	5.90	8.41	4.90
EBIT Less CapEx to Interest Expense	1.69	-1.73	-3.86	-2.27	14.84	3.69	3.68	0.12	1.69	1.85	0.36
NOPAT Less CapEx to Interest Expense	0.05	-2.97	-4.64	-3.19	2.14	4.00	2.31	-1.89	-0.57	-1.17	-1.41
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	24.84%	26.09%	36.51%	39.89%	20.68%	20.18%	19.85%	18.75%	32.75%	30.64%	31.14%
Augmented Payout Ratio	24.84%	26.09%	36.51%	39.89%	20.68%	20.18%	19.85%	18.75%	32.75%	30.64%	31.14%

Financials Breakdown Chart

Key Financial Trends

McGrath RentCorp (MGRC) has shown a positive, multi-year trend in revenue and profitability, with improving cash generation in 2025. The company maintains a solid balance sheet, honors a steady dividend, and continues to invest in operations. Here are the key takeaways based on the last four years of quarterly statements.

Revenue trend: Operating revenue grew from about $182.9 million in Q4 2022 to $-256.8 million in Q4 2025, indicating a clear four-year uptrend in topline activity.
Gross margin stability: Gross profit margins have remained in the mid-40s to about 50% range across periods, signaling consistent profitability relative to revenue.
Rising operating income in 2025: Total Operating Income increased through 2025 (e.g., Q4 2025 around $74.2 million vs. earlier quarters), pointing to better operating leverage as revenue grew.
Earnings per share trend: Net income attributable to common shareholders and earnings per share have trended higher in 2023–2025 (e.g., Q4 2025 EPS around $2.02 basic/diluted, up from prior years).
Cash flow from operations: Net cash from continuing operating activities is consistently positive and rising in 2025 (e.g., Q4 2025 CFO about $80.9 million; Q3 2025 CFO about $65.1 million).
Solid balance sheet base: In 2025, total equity was about $1.20 billion, with long-term debt around $550–570 million, indicating a strong cushion to support operations and potential capital needs.
Dividends: The quarterly cash dividend per share has remained steady around $0.47–$0.49, reflecting a predictable shareholder-return policy.
Near-term free cash flow potential: In Q4 2025, cash from operations (~$80.9M) exceeded capital expenditures (~$62.2M), suggesting positive free cash flow in that period and room for debt repayment or buybacks if sustained.
Reasonable leverage: Debt levels appear manageable relative to equity, with a debt-to-equity style picture hovering around the low-to-mid 1x range in 2025, supporting ongoing financing flexibility.
Seasonality and quarterly volatility: Like many rental and asset-light operations, MGRC experiences quarterly swings in revenue and earnings, which investors should consider when evaluating quarter-to-quarter results.
Financing activity patterns: Net cash from financing activities has often been negative in several quarters, reflecting debt repayments and dividends; this is a normal pattern for a mature, capital-returning company but reduces cash reserves temporarily.
Financing outflows persist: Ongoing negative net cash from financing activities in multiple periods could pressure liquidity if operating cash flow weakens or if capex accelerates unexpectedly.
Investing outlays can be sizable: Periods with substantial purchases of PP&E and acquisitions reduce near-term cash, which could impact liquidity if CFO slows or financing costs rise.

Overall, MGRC’s four-year trajectory shows healthier revenue, stable profit margins, stronger cash flow generation, and a solid balance sheet. Retail investors may find the steady dividend and improving earnings trend appealing, while keeping an eye on financing and investing cash flows that can temporarily dampen liquidity if operating performance slows.

05/06/26 11:54 PM ETAI Generated. May Contain Errors.

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 2025 ended on December 31, 2025.

How has McGrath RentCorp's net income changed over the last 10 years?

McGrath RentCorp's net income appears to be on an upward trend, with a most recent value of $156.31 million in 2025, rising from $40.47 million in 2015. The previous period was $231.73 million in 2024. 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 2025 was $243.62 million, based on the following breakdown:

Total Gross Profit: $454.98 million
Total Operating Expenses: $211.35 million

How has McGrath RentCorp's revenue changed over the last 10 years?

Over the last 10 years, McGrath RentCorp's total revenue changed from $404.54 million in 2015 to $944.24 million in 2025, a change of 133.4%.

How much debt does McGrath RentCorp have?

McGrath RentCorp's total liabilities were at $1.12 billion at the end of 2025, a 3.0% decrease from 2024, and a 44.9% increase since 2015.

How much cash does McGrath RentCorp have?

In the past 10 years, McGrath RentCorp's cash and equivalents has ranged from $0.00 in 2015 to $2.34 million in 2019, and is currently $295 thousand as of their latest financial filing in 2025.

How has McGrath RentCorp's book value per share changed over the last 10 years?

Over the last 10 years, McGrath RentCorp's book value per share changed from 15.90 in 2015 to 50.26 in 2025, a change of 216.2%.

Related Companies

Financial statements for NASDAQ:MGRC last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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McGrath RentCorp (MGRC) Financials

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McGrath RentCorp (MGRC) Financials

Annual Income Statements for McGrath RentCorp

Quarterly Income Statements for McGrath RentCorp

Annual Cash Flow Statements for McGrath RentCorp

Quarterly Cash Flow Statements for McGrath RentCorp

Annual Balance Sheets for McGrath RentCorp

Quarterly Balance Sheets for McGrath RentCorp

Annual Metrics And Ratios for McGrath RentCorp

Quarterly Metrics And Ratios for McGrath RentCorp

Financials Breakdown Chart

Key Financial Trends

Frequently Asked Questions About McGrath RentCorp's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools