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Side-by-side financial comparison of MCGRATH RENTCORP (MGRC) and PRECISION DRILLING Corp (PDS). Click either name above to swap in a different company.
PRECISION DRILLING Corp is the larger business by last-quarter revenue ($299.5M vs $198.5M, roughly 1.5× MCGRATH RENTCORP).
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.
Precision Drilling Corporation is the largest drilling rig contractor in Canada, also providing oil field rental and supplies.
MGRC vs PDS — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $198.5M | $299.5M |
| Net Profit | $27.0M | — |
| Gross Margin | 48.8% | — |
| Operating Margin | 21.9% | — |
| Net Margin | 13.6% | — |
| Revenue YoY | -12.6% | — |
| Net Profit YoY | -4.2% | — |
| 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 | — | ||
| Q4 25 | $256.8M | $299.5M | ||
| Q3 25 | $256.4M | — | ||
| Q2 25 | $235.6M | — | ||
| Q1 25 | $195.4M | — | ||
| Q4 24 | $243.7M | — | ||
| Q3 24 | $266.8M | — | ||
| Q2 24 | $212.6M | — |
| Q1 26 | $27.0M | — | ||
| Q4 25 | $49.8M | — | ||
| Q3 25 | $42.3M | — | ||
| Q2 25 | $36.0M | — | ||
| Q1 25 | $28.2M | — | ||
| Q4 24 | $38.9M | — | ||
| Q3 24 | $149.3M | — | ||
| Q2 24 | $20.6M | — |
| Q1 26 | 48.8% | — | ||
| Q4 25 | 50.1% | — | ||
| Q3 25 | 46.5% | — | ||
| Q2 25 | 47.0% | — | ||
| Q1 25 | 49.3% | — | ||
| Q4 24 | 47.1% | — | ||
| Q3 24 | 46.5% | — | ||
| Q2 24 | 48.6% | — |
| Q1 26 | 21.9% | — | ||
| Q4 25 | 28.9% | — | ||
| Q3 25 | 26.0% | — | ||
| Q2 25 | 24.3% | — | ||
| Q1 25 | 23.3% | — | ||
| Q4 24 | 25.9% | — | ||
| Q3 24 | 28.0% | — | ||
| Q2 24 | 25.6% | — |
| Q1 26 | 13.6% | — | ||
| Q4 25 | 19.4% | — | ||
| Q3 25 | 16.5% | — | ||
| Q2 25 | 15.3% | — | ||
| Q1 25 | 14.4% | — | ||
| Q4 24 | 16.0% | — | ||
| Q3 24 | 56.0% | — | ||
| Q2 24 | 9.7% | — |
| 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 | — | — |
| 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.
| Q1 26 | $42.4M | — | ||
| Q4 25 | $80.9M | — | ||
| Q3 25 | $65.1M | — | ||
| Q2 25 | $55.8M | — | ||
| Q1 25 | $53.9M | — | ||
| Q4 24 | $36.8M | — | ||
| Q3 24 | $199.0M | — | ||
| Q2 24 | $79.2M | — |
| Q1 26 | — | — | ||
| Q4 25 | $69.8M | — | ||
| Q3 25 | $53.5M | — | ||
| Q2 25 | $38.2M | — | ||
| Q1 25 | $49.9M | — | ||
| Q4 24 | $32.6M | — | ||
| Q3 24 | $193.0M | — | ||
| Q2 24 | $74.4M | — |
| Q1 26 | — | — | ||
| Q4 25 | 27.2% | — | ||
| Q3 25 | 20.8% | — | ||
| Q2 25 | 16.2% | — | ||
| Q1 25 | 25.5% | — | ||
| Q4 24 | 13.4% | — | ||
| Q3 24 | 72.4% | — | ||
| Q2 24 | 35.0% | — |
| Q1 26 | — | — | ||
| Q4 25 | 4.3% | — | ||
| Q3 25 | 4.5% | — | ||
| Q2 25 | 7.5% | — | ||
| Q1 25 | 2.0% | — | ||
| Q4 24 | 1.7% | — | ||
| Q3 24 | 2.2% | — | ||
| Q2 24 | 2.3% | — |
| 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× | — |
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% |
PDS
Segment breakdown not available.
