MCGRATH RENTCORPMGRCEarnings & Financial Report
McGrath RentCorp is a leading North American B2B rental provider. It offers relocatable modular office and classroom buildings, portable storage units, and electronic test and measurement equipment, serving construction, education, industrial and technology sector clients across the U.S. and parts of Canada.
MGRC Q1 FY2026 Key Financial Metrics
Revenue
$198.5M
Gross Profit
$96.9M
Operating Profit
$43.4M
Net Profit
$27.0M
Gross Margin
48.8%
Operating Margin
21.9%
Net Margin
13.6%
YoY Growth
-12.6%
EPS
$1.10
MCGRATH RENTCORP Q1 FY2026 Financial Summary
MCGRATH RENTCORP reported revenue of $198.5M (down 12.6% YoY) for Q1 FY2026, with a net profit of $27.0M (down 4.2% YoY) (13.6% margin). Cost of goods sold was $101.7M, operating expenses totaled $53.5M.
Key Financial Metrics
| Total Revenue | $198.5M |
|---|---|
| Net Profit | $27.0M |
| Gross Margin | 48.8% |
| Operating Margin | 21.9% |
| Report Period | Q1 FY2026 |
Revenue Breakdown
MCGRATH RENTCORP Q1 FY2026 revenue of $198.5M breaks down across 3 segments, led by Rental at $126.7M (63.8% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Rental | $126.7M | 63.8% |
| Rental related services | $35.6M | 17.9% |
| Sales | $34.0M | 17.1% |
MCGRATH RENTCORP Annual Revenue by Year
MCGRATH RENTCORP annual revenue history includes year-by-year totals (for example, 2025 revenue was $944.2M).
MCGRATH RENTCORP Quarterly Revenue & Net Profit History
MCGRATH RENTCORP results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $198.5M | -12.6% | $27.0M | 13.6% |
| Q4 FY2025 | $256.8M | +5.3% | $49.8M | 19.4% |
| Q3 FY2025 | $256.4M | -3.9% | $42.3M | 16.5% |
| Q2 FY2025 | $235.6M | +10.8% | $36.0M | 15.3% |
| Q1 FY2025 | $195.4M | +4.0% | $28.2M | 14.4% |
| Q4 FY2024 | $243.7M | +10.0% | $38.9M | 16.0% |
| Q3 FY2024 | $266.8M | +9.5% | $149.3M | 56.0% |
| Q2 FY2024 | $212.6M | +4.7% | $20.6M | 9.7% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $212.6M | $266.8M | $243.7M | $195.4M | $235.6M | $256.4M | $256.8M | $198.5M |
| YoY Growth | 4.7% | 9.5% | 10.0% | 4.0% | 10.8% | -3.9% | 5.3% | -12.6% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $2.32B | $2.29B | $2.28B | $2.24B | $2.33B | $2.35B | $2.36B | $2.38B |
| Liabilities | $1.36B | $1.19B | $1.15B | $1.11B | $1.16B | $1.15B | $1.12B | $1.14B |
| Equity | $954.2M | $1.09B | $1.12B | $1.14B | $1.16B | $1.20B | $1.24B | N/A |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $79.2M | $199.0M | $36.8M | $53.9M | $55.8M | $65.1M | $80.9M | $42.4M |