MCGRATH RENTCORP

Listed Company

MGRCCIK 0000752714NasdaqLarge AcceleratedServices-Equipment Rental & Leasing, NecCaliforniaFY ends Dec 31

Period

FY 2025

Revenue

$944.24M

Net Income

$156.31M

Total Assets

$2.36B

Equity

$1.24B

Shares Out

24.56M

Op. Cash Flow

$255.68M

MGRC$117.93−1.73% · past yearDBEQ Basic

Daily closing prices

Business

McGrath RentCorp is a diversified business-to-business rental company operating through three rental divisions: relocatable modular buildings, portable storage containers, and electronic test equipment. The company rents modular buildings to schools, businesses, and industrial customers; rents and sells portable storage containers nationally; and rents and sells electronic test equipment to aerospace, defense, communications, and manufacturing industries. McGrath also manufactures and sells modular classroom buildings in California through its Enviroplex division, with geographic presence across the United States and limited international operations in Canada.

Summary from 10-K filed 2026-02-25

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Rental	504	490	474	390	334
Rental related services	162	148	138	95	75
Rental operations	666	638	612	485	409
Total revenues	944	911	832	636	535
Depreciation of rental equipment	87	88	89	80	75
Rental related services	112	103	97	69	56
Other	118	109	115	104	80
Total direct costs of rental operations	317	301	300	254	211
Costs of sales	172	175	138	92	77
Total costs of revenues	489	476	438	345	287
Gross profit	455	435	394	290	247
Selling and administrative expenses	211	200	208	143	−123
Other income, net	—	−9	−4	—	—
Income (loss) from operations	244	244	190	147	124
Interest expense	31	47	41	12	−8
Foreign currency exchange (gain) loss	−80,000	215,000	−310,000	378,000	−210,000
Gain on merger termination from WillScot Mobile Mini (Note 1)	—	−180	—	—	—
WillScot Mobile Mini transaction costs	—	63	—	—	—
Income from continuing operations before provision for income taxes	213	314	149	135	116
Provision for income taxes from continuing operations	57	82	38	31	31
Income from continuing operations	156	232	112	103	85
Income from discontinued operations before provision for income taxes	—	—	2	15	6
Provision for income taxes from discontinued operations	—	—	453,000	4	1
Gain on sale of discontinued operations, net of tax	—	—	62	—	—
Income from discontinued operations	—	—	63	12	5
Net income	156	232	175	115	90
Basic	6.35	9.44	4.57	4.24	3.51
Diluted	6.35	9.43	4.56	4.21	3.47
Basic	—	—	2.57	0.49	0.19
Diluted	—	—	2.56	0.48	0.19
Basic (per share)	6.35	9.44	7.14	4.73	3.7
Diluted (per share)	6.35	9.43	7.12	4.7	3.66
Basic (shares)	25	25	24	24	24
Diluted (shares)	25	25	25	25	25
Cash dividends declared per share	1.94	1.9	1.86	1.82	1.74

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash	295,000	807,000	877,000	957,000	1
Accounts receivable, net of allowance for credit losses of $2,866 at December 31, 2025 and 2024	232	219	227	170	159
Relocatable modular buildings	1,486	1,414	1,291	938	1,040
Portable storage containers	245	241	236	185	—
Electronic test equipment	337	344	378	398	361
Rental equipment, gross	2,068	1,999	1,905	1,522	1,711
Less: accumulated depreciation	−647	−612	−575	−531	−646
Rental equipment, net	1,421	1,388	1,329	990	1,065
Property, plant and equipment, net	233	197	169	—	—
Inventories	8	14	8	—	—
Prepaid expenses and other assets	83	80	87	70	55
Intangible assets, net	47	54	65	35	47
Goodwill	333	323	323	106	132
Total assets	2,357	2,278	2,217	1,708	1,596
Notes payable	515	590	763	414	426
Accounts payable	66	60	59	—	—
Accrued liabilities	115	114	109	—	—
Deferred income	111	110	111	82	59
Deferred income taxes, net	314	280	242	203	242
Total liabilities	1,120	1,154	1,283	904	864
Commitments and contingencies (Note 12)	—	—	—	—	—
Common stock, no par value - Authorized 40,000 shares Issued and outstanding - 24,612 shares as of December 31, 2025 and 24,551 shares as of December 31, 2024	122	116	111	110	109
Retained earnings	1,115	1,007	823	694	623
Total shareholders equity	1,237	1,123	934	804	732
Total liabilities and shareholders equity	2,357	2,278	2,217	1,708	1,596

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net income	156	232	175	115	90
Depreciation and amortization	107	107	109	111	107
Deferred income taxes (benefits)	33	39	−17	4	26
Provision for credit losses	2	2	3	800,000	500,000
Share-based compensation	11	10	8	8	8
Gain on sale of property, plant and equipment	—	−9	−4	—	—
Gain on sale of discontinued operations	—	—	−62	—	—
Gain on sale of used rental equipment	−44	−35	−32	−38	−25
Amortization of debt issuance costs	206,000	66,000	8,000	16,000	15,000
Accounts receivable	−14	6	−38	−31	−24
Inventories	6	1	−779,000	−6	—
Prepaid expenses and other assets	−3	7	−29	−10	−7
Accounts payable	−330,000	12	−50	9	—
Accrued liabilities	816,000	5	17	7	—
Deferred income	328,000	−2	14	24	9
Net cash provided by operating activities	256	374	95	194	196
Proceeds from sale of discontinued operations	—	—	268	—	—
Purchases of rental equipment	−143	−191	−230	−188	−114
Purchases of property, plant and equipment	−44	−40	−44	−18	−3
Cash paid for acquisition of businesses	−24	—	−458	—	−283
Cash paid for acquisition of business assets	—	—	−4	—	−7
Proceeds from sales of used rental equipment	84	68	66	74	57
Proceeds from sales of property, plant and equipment	—	12	10	—	—
Net cash used in investing activities	−127	−151	−392	−131	−352
Net (payments) borrowings under bank lines of credit	−77	−173	274	47	144
Borrowings under term note agreement	—	—	75	—	100
Principal payment of term note agreement	−73	—	—	—	—
Borrowings under Series G senior notes	75	—	—	—	—
Taxes paid related to net share settlement of stock awards	−6	−4	−7	−7	−5
Payment of dividends	−48	−47	−46	−44	−42
Net cash (used in) provided by financing activities	−129	−224	296	−64	156
Effect of foreign currency exchange rate changes on cash	0	—	9,000	−6,000	4,000
Net decrease in cash	−512,000	−70,000	−80,000	−534,000	253,000
Gain on merger termination, net of transaction costs, presented under net cash provided by operating activities	—	117	—	—	—
Interest paid, during the period	30	48	39	15	10
Net income taxes paid, during the period	10	37	92	27	9
Rental equipment acquisitions, not yet paid	12	5	17	13	6

Filings

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Frequently asked questions

What is MCGRATH RENTCORP's CIK number?

MCGRATH RENTCORP's SEC CIK number is 0000752714 (752714). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find MCGRATH RENTCORP's SEC filings?

All of MCGRATH RENTCORP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did MCGRATH RENTCORP last report earnings?

MCGRATH RENTCORP (MGRC) most recently filed an earnings 8-K with the SEC on Apr 29, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-191428). This is MCGRATH RENTCORP's most recent earnings filing of record — not a forecast of its next earnings date.

What is MCGRATH RENTCORP's most recent earnings 8-K?

MCGRATH RENTCORP's latest earnings 8-K (Item 2.02) was filed Apr 29, 2026 under accession 0001193125-26-191428. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View MCGRATH RENTCORP's latest earnings 8-K →
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