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.
Revenue
$266.8M
Gross Profit
$124.0M
Operating Profit
$74.7M
Net Profit
$149.3M
Gross Margin
46.5%
Operating Margin
28.0%
Net Margin
56.0%
YoY Growth
9.5%
EPS
$6.08
Financial Flow
MCGRATH RENTCORP Q3 2024 Financial Summary
MCGRATH RENTCORP reported revenue of $266.8M (up 9.5% YoY) for Q3 2024, with a net profit of $149.3M (up 269.9% YoY) (56.0% margin). Cost of goods sold was $142.8M, operating expenses totaled $49.3M.
Key Financial Metrics
| Total Revenue | $266.8M |
|---|---|
| Net Profit | $149.3M |
| Gross Margin | 46.5% |
| Operating Margin | 28.0% |
| Report Period | Q3 2024 |
Revenue Breakdown
MCGRATH RENTCORP Q3 2024 revenue of $266.8M breaks down across 7 segments, led by Products at $92.5M (34.7% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Products | $92.5M | 34.7% |
| Non Lease Revenues | $82.2M | 30.8% |
| Trs Ren Telco | $34.8M | 13.0% |
| Portable Storage | $23.1M | 8.6% |
| Transferred Over Time | $16.6M | 6.2% |
| Non Lease Rental Related Services | $16.1M | 6.0% |
| Other | $2.3M | 0.9% |
MCGRATH RENTCORP Revenue by Segment — Quarterly Trend
MCGRATH RENTCORP revenue by segment across the last 4 reported quarters, showing how each business line (such as Products and Non Lease Revenues) has evolved quarter over quarter.
| Segment | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|
| Products | — | $76.1M | — | $38.9M |
| Non Lease Revenues | — | $69.4M | $48.0M | $27.2M |
| Trs Ren Telco | $40.6M | $36.9M | $36.4M | $35.0M |
| Portable Storage | $23.8M | $24.4M | — | $21.3M |
| Transferred Over Time | $26.0M | $18.1M | $13.9M | — |
MCGRATH RENTCORP Annual Revenue by Year
MCGRATH RENTCORP annual revenue history includes year-by-year totals (for example, 2025 revenue was $944.2M).
| Year | Annual Revenue |
|---|---|
| 2025 | $944.2M |
| 2024 | $910.9M |
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 |
|---|---|---|---|---|
| Q4 2025 | $256.8M | +5.3% | $49.8M | 19.4% |
| Q3 2025 | $256.4M | -3.9% | $42.3M | 16.5% |
| Q2 2025 | $235.6M | +10.8% | $36.0M | 15.3% |
| Q1 2025 | $195.4M | +4.0% | $28.2M | 14.4% |
| Q4 2024 | $243.7M | +10.0% | $38.9M | 16.0% |
| Q3 2024 | $266.8M | +9.5% | $149.3M | 56.0% |
| Q2 2024 | $212.6M | +4.7% | $20.6M | 9.7% |
| Q1 2024 | $187.8M | +14.7% | $22.8M | 12.2% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $187.8M | $212.6M | $266.8M | $243.7M | $195.4M | $235.6M | $256.4M | $256.8M |
| YoY Growth | 14.7% | 4.7% | 9.5% | 10.0% | 4.0% | 10.8% | -3.9% | 5.3% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $2.26B | $2.32B | $2.29B | $2.28B | $2.24B | $2.33B | $2.35B | $2.36B |
| Liabilities | $1.32B | $1.36B | $1.19B | $1.15B | $1.11B | $1.16B | $1.15B | $1.12B |
| Equity | $943.0M | $954.2M | $1.09B | $1.12B | $1.14B | $1.16B | $1.20B | $1.24B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $59.4M | $79.2M | $199.0M | $36.8M | $53.9M | $55.8M | $65.1M | $80.9M |