vs

Side-by-side financial comparison of GRID DYNAMICS HOLDINGS, INC. (GDYN) and MCGRATH RENTCORP (MGRC). Click either name above to swap in a different company.

MCGRATH RENTCORP is the larger business by last-quarter revenue ($198.5M vs $104.1M, roughly 1.9× GRID DYNAMICS HOLDINGS, INC.). MCGRATH RENTCORP runs the higher net margin — 13.6% vs -1.4%, a 15.0% gap on every dollar of revenue. On growth, GRID DYNAMICS HOLDINGS, INC. posted the faster year-over-year revenue change (3.7% vs -12.6%). Over the past eight quarters, GRID DYNAMICS HOLDINGS, INC.'s revenue compounded faster (12.0% CAGR vs -3.4%).

Escape Dynamics, Inc. was a Colorado-based technology company that operated 2010–2015 focused on bringing to market single-stage-to-orbit reusable electromagnetically powered spaceplanes.

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.

GDYN vs MGRC — Head-to-Head

Bigger by revenue
MGRC
MGRC
1.9× larger
MGRC
$198.5M
$104.1M
GDYN
Growing faster (revenue YoY)
GDYN
GDYN
+16.2% gap
GDYN
3.7%
-12.6%
MGRC
Higher net margin
MGRC
MGRC
15.0% more per $
MGRC
13.6%
-1.4%
GDYN
Faster 2-yr revenue CAGR
GDYN
GDYN
Annualised
GDYN
12.0%
-3.4%
MGRC

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
GDYN
GDYN
MGRC
MGRC
Revenue
$104.1M
$198.5M
Net Profit
$-1.5M
$27.0M
Gross Margin
34.8%
48.8%
Operating Margin
61.7%
21.9%
Net Margin
-1.4%
13.6%
Revenue YoY
3.7%
-12.6%
Net Profit YoY
-150.6%
-4.2%
EPS (diluted)
$-0.02
$1.10

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
GDYN
GDYN
MGRC
MGRC
Q1 26
$104.1M
$198.5M
Q4 25
$106.2M
$256.8M
Q3 25
$104.2M
$256.4M
Q2 25
$101.1M
$235.6M
Q1 25
$100.4M
$195.4M
Q4 24
$100.3M
$243.7M
Q3 24
$87.4M
$266.8M
Q2 24
$83.0M
$212.6M
Net Profit
GDYN
GDYN
MGRC
MGRC
Q1 26
$-1.5M
$27.0M
Q4 25
$306.0K
$49.8M
Q3 25
$1.2M
$42.3M
Q2 25
$5.3M
$36.0M
Q1 25
$2.9M
$28.2M
Q4 24
$4.5M
$38.9M
Q3 24
$4.3M
$149.3M
Q2 24
$-817.0K
$20.6M
Gross Margin
GDYN
GDYN
MGRC
MGRC
Q1 26
34.8%
48.8%
Q4 25
34.0%
50.1%
Q3 25
33.3%
46.5%
Q2 25
34.1%
47.0%
Q1 25
36.8%
49.3%
Q4 24
36.9%
47.1%
Q3 24
37.4%
46.5%
Q2 24
35.6%
48.6%
Operating Margin
GDYN
GDYN
MGRC
MGRC
Q1 26
61.7%
21.9%
Q4 25
0.5%
28.9%
Q3 25
-0.2%
26.0%
Q2 25
-0.1%
24.3%
Q1 25
-2.0%
23.3%
Q4 24
1.3%
25.9%
Q3 24
2.4%
28.0%
Q2 24
0.0%
25.6%
Net Margin
GDYN
GDYN
MGRC
MGRC
Q1 26
-1.4%
13.6%
Q4 25
0.3%
19.4%
Q3 25
1.1%
16.5%
Q2 25
5.2%
15.3%
Q1 25
2.9%
14.4%
Q4 24
4.5%
16.0%
Q3 24
4.9%
56.0%
Q2 24
-1.0%
9.7%
EPS (diluted)
GDYN
GDYN
MGRC
MGRC
Q1 26
$-0.02
$1.10
Q4 25
$0.01
$2.02
Q3 25
$0.01
$1.72
Q2 25
$0.06
$1.46
Q1 25
$0.03
$1.15
Q4 24
$0.06
$1.58
Q3 24
$0.05
$6.08
Q2 24
$-0.01
$0.84

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GDYN
GDYN
MGRC
MGRC
Cash + ST InvestmentsLiquidity on hand
$327.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$530.1M
Total Assets
$605.0M
$2.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GDYN
GDYN
MGRC
MGRC
Q1 26
$327.5M
Q4 25
$342.1M
$295.0K
Q3 25
$338.6M
$7.3M
Q2 25
$336.8M
$1.5M
Q1 25
$325.5M
$3.4M
Q4 24
$334.7M
$807.0K
Q3 24
$231.3M
$4.1M
Q2 24
$256.0M
$9.4M
Stockholders' Equity
GDYN
GDYN
MGRC
MGRC
Q1 26
$530.1M
Q4 25
$542.1M
$1.2B
Q3 25
$537.7M
$1.2B
Q2 25
$532.2M
$1.2B
Q1 25
$517.4M
$1.1B
Q4 24
$517.8M
$1.1B
Q3 24
$400.2M
$1.1B
Q2 24
$388.4M
$954.2M
Total Assets
GDYN
GDYN
MGRC
MGRC
Q1 26
$605.0M
$2.4B
Q4 25
$612.9M
$2.4B
Q3 25
$613.2M
$2.4B
Q2 25
$608.9M
$2.3B
Q1 25
$590.9M
$2.2B
Q4 24
$592.2M
$2.3B
Q3 24
$477.3M
$2.3B
Q2 24
$443.6M
$2.3B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
GDYN
GDYN
MGRC
MGRC
Operating Cash FlowLast quarter
$42.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.57×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GDYN
GDYN
MGRC
MGRC
Q1 26
$42.4M
Q4 25
$9.9M
$80.9M
Q3 25
$7.0M
$65.1M
Q2 25
$14.4M
$55.8M
Q1 25
$9.4M
$53.9M
Q4 24
$7.1M
$36.8M
Q3 24
$9.2M
$199.0M
Q2 24
$10.7M
$79.2M
Free Cash Flow
GDYN
GDYN
MGRC
MGRC
Q1 26
Q4 25
$6.1M
$69.8M
Q3 25
$2.9M
$53.5M
Q2 25
$10.2M
$38.2M
Q1 25
$6.0M
$49.9M
Q4 24
$4.4M
$32.6M
Q3 24
$5.9M
$193.0M
Q2 24
$8.0M
$74.4M
FCF Margin
GDYN
GDYN
MGRC
MGRC
Q1 26
Q4 25
5.7%
27.2%
Q3 25
2.8%
20.8%
Q2 25
10.1%
16.2%
Q1 25
6.0%
25.5%
Q4 24
4.4%
13.4%
Q3 24
6.8%
72.4%
Q2 24
9.7%
35.0%
Capex Intensity
GDYN
GDYN
MGRC
MGRC
Q1 26
Q4 25
3.6%
4.3%
Q3 25
3.9%
4.5%
Q2 25
4.1%
7.5%
Q1 25
3.3%
2.0%
Q4 24
2.6%
1.7%
Q3 24
3.7%
2.2%
Q2 24
3.2%
2.3%
Cash Conversion
GDYN
GDYN
MGRC
MGRC
Q1 26
1.57×
Q4 25
32.34×
1.62×
Q3 25
5.92×
1.54×
Q2 25
2.73×
1.55×
Q1 25
3.21×
1.91×
Q4 24
1.56×
0.94×
Q3 24
2.15×
1.33×
Q2 24
3.84×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

GDYN
GDYN

Segment breakdown not available.

MGRC
MGRC

Rental$126.7M64%
Rental related services$35.6M18%
Sales$34.0M17%

Related Comparisons