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Side-by-side financial comparison of MCGRATH RENTCORP (MGRC) and MARTIN MIDSTREAM PARTNERS L.P. (MMLP). Click either name above to swap in a different company.
MCGRATH RENTCORP is the larger business by last-quarter revenue ($198.5M vs $187.7M, roughly 1.1× MARTIN MIDSTREAM PARTNERS L.P.). MCGRATH RENTCORP runs the higher net margin — 13.6% vs 1.7%, a 11.9% gap on every dollar of revenue. On growth, MARTIN MIDSTREAM PARTNERS L.P. posted the faster year-over-year revenue change (-2.5% vs -12.6%). Over the past eight quarters, MARTIN MIDSTREAM PARTNERS L.P.'s revenue compounded faster (0.8% CAGR vs -3.4%).
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.
Martin Midstream Partners L.P. is a U.S.-based midstream energy services provider. It offers storage, transportation, distribution and processing solutions for crude oil, natural gas liquids, refined petroleum products and specialty chemicals, mainly serving customers across North American energy and industrial segments.
MGRC vs MMLP — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $198.5M | $187.7M |
| Net Profit | $27.0M | $3.2M |
| Gross Margin | 48.8% | — |
| Operating Margin | 21.9% | 4.1% |
| Net Margin | 13.6% | 1.7% |
| Revenue YoY | -12.6% | -2.5% |
| Net Profit YoY | -4.2% | -37.1% |
| EPS (diluted) | $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.
| Q1 26 | $198.5M | $187.7M | ||
| Q4 25 | $256.8M | $174.2M | ||
| Q3 25 | $256.4M | $168.7M | ||
| Q2 25 | $235.6M | $180.7M | ||
| Q1 25 | $195.4M | $192.5M | ||
| Q4 24 | $243.7M | $171.3M | ||
| Q3 24 | $266.8M | $170.9M | ||
| Q2 24 | $212.6M | $184.5M |
| Q1 26 | $27.0M | $3.2M | ||
| Q4 25 | $49.8M | $-2.9M | ||
| Q3 25 | $42.3M | $-8.4M | ||
| Q2 25 | $36.0M | $-2.4M | ||
| Q1 25 | $28.2M | $-1.0M | ||
| Q4 24 | $38.9M | $-8.9M | ||
| Q3 24 | $149.3M | $-3.3M | ||
| Q2 24 | $20.6M | $3.8M |
| Q1 26 | 48.8% | — | ||
| Q4 25 | 50.1% | 57.1% | ||
| Q3 25 | 46.5% | 55.1% | ||
| Q2 25 | 47.0% | 56.5% | ||
| Q1 25 | 49.3% | 53.5% | ||
| Q4 24 | 47.1% | 58.2% | ||
| Q3 24 | 46.5% | 58.5% | ||
| Q2 24 | 48.6% | 58.4% |
| Q1 26 | 21.9% | 4.1% | ||
| Q4 25 | 28.9% | 7.3% | ||
| Q3 25 | 26.0% | 4.1% | ||
| Q2 25 | 24.3% | 8.2% | ||
| Q1 25 | 23.3% | 7.5% | ||
| Q4 24 | 25.9% | 4.0% | ||
| Q3 24 | 28.0% | 7.4% | ||
| Q2 24 | 25.6% | 10.8% |
| Q1 26 | 13.6% | 1.7% | ||
| Q4 25 | 19.4% | -1.7% | ||
| Q3 25 | 16.5% | -5.0% | ||
| Q2 25 | 15.3% | -1.3% | ||
| Q1 25 | 14.4% | -0.5% | ||
| Q4 24 | 16.0% | -5.2% | ||
| Q3 24 | 56.0% | -1.9% | ||
| Q2 24 | 9.7% | 2.0% |
| Q1 26 | $1.10 | — | ||
| Q4 25 | $2.02 | — | ||
| Q3 25 | $1.72 | — | ||
| Q2 25 | $1.46 | — | ||
| Q1 25 | $1.15 | — | ||
| Q4 24 | $1.58 | — | ||
| Q3 24 | $6.08 | — | ||
| Q2 24 | $0.84 | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $42.4M | — |
| Free Cash FlowOCF − Capex | — | $-6.0M |
| FCF MarginFCF / Revenue | — | -3.2% |
| Capex IntensityCapex / Revenue | — | 1.6% |
| Cash ConversionOCF / Net Profit | 1.57× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $27.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $42.4M | — | ||
| Q4 25 | $80.9M | $22.4M | ||
| Q3 25 | $65.1M | $-1.2M | ||
| Q2 25 | $55.8M | $30.9M | ||
| Q1 25 | $53.9M | $-6.0M | ||
| Q4 24 | $36.8M | $42.2M | ||
| Q3 24 | $199.0M | $-15.8M | ||
| Q2 24 | $79.2M | $11.8M |
| Q1 26 | — | $-6.0M | ||
| Q4 25 | $69.8M | $15.6M | ||
| Q3 25 | $53.5M | $-7.9M | ||
| Q2 25 | $38.2M | $25.6M | ||
| Q1 25 | $49.9M | $-11.9M | ||
| Q4 24 | $32.6M | $34.2M | ||
| Q3 24 | $193.0M | $-25.6M | ||
| Q2 24 | $74.4M | $-696.0K |
| Q1 26 | — | -3.2% | ||
| Q4 25 | 27.2% | 8.9% | ||
| Q3 25 | 20.8% | -4.7% | ||
| Q2 25 | 16.2% | 14.2% | ||
| Q1 25 | 25.5% | -6.2% | ||
| Q4 24 | 13.4% | 20.0% | ||
| Q3 24 | 72.4% | -15.0% | ||
| Q2 24 | 35.0% | -0.4% |
| Q1 26 | — | 1.6% | ||
| Q4 25 | 4.3% | 3.9% | ||
| Q3 25 | 4.5% | 4.0% | ||
| Q2 25 | 7.5% | 3.0% | ||
| Q1 25 | 2.0% | 3.1% | ||
| Q4 24 | 1.7% | 4.6% | ||
| Q3 24 | 2.2% | 5.8% | ||
| Q2 24 | 2.3% | 6.8% |
| Q1 26 | 1.57× | — | ||
| Q4 25 | 1.62× | — | ||
| Q3 25 | 1.54× | — | ||
| Q2 25 | 1.55× | — | ||
| Q1 25 | 1.91× | — | ||
| Q4 24 | 0.94× | — | ||
| Q3 24 | 1.33× | — | ||
| Q2 24 | 3.84× | 3.13× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MGRC
| Rental | $126.7M | 64% |
| Rental related services | $35.6M | 18% |
| Sales | $34.0M | 17% |
MMLP
| Specialty products | $61.6M | 33% |
| Transportation * | $52.8M | 28% |
| Other | $46.5M | 25% |
| Terminalling and storage * | $22.4M | 12% |
| Sulfur services | $4.4M | 2% |
