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Side-by-side financial comparison of MCGRATH RENTCORP (MGRC) and PARK NATIONAL CORP (PRK). Click either name above to swap in a different company.

MCGRATH RENTCORP is the larger business by last-quarter revenue ($198.5M vs $168.3M, roughly 1.2× PARK NATIONAL CORP). PARK NATIONAL CORP runs the higher net margin — 25.3% vs 13.6%, a 11.7% gap on every dollar of revenue. On growth, PARK NATIONAL CORP posted the faster year-over-year revenue change (2.2% vs -12.6%). Over the past eight quarters, PARK NATIONAL CORP's revenue compounded faster (4.9% 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.

National Retail Systems, Inc. (NRS) includes Keystone Freight Corp. & National Retail Transportation, Inc. (NRT). NRS is an asset based 3PL founded in 1952. It is headquartered in Lyndhurst, New Jersey, United States.

MGRC vs PRK — Head-to-Head

Bigger by revenue
MGRC
MGRC
1.2× larger
MGRC
$198.5M
$168.3M
PRK
Growing faster (revenue YoY)
PRK
PRK
+14.7% gap
PRK
2.2%
-12.6%
MGRC
Higher net margin
PRK
PRK
11.7% more per $
PRK
25.3%
13.6%
MGRC
Faster 2-yr revenue CAGR
PRK
PRK
Annualised
PRK
4.9%
-3.4%
MGRC

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
MGRC
MGRC
PRK
PRK
Revenue
$198.5M
$168.3M
Net Profit
$27.0M
$42.6M
Gross Margin
48.8%
Operating Margin
21.9%
Net Margin
13.6%
25.3%
Revenue YoY
-12.6%
2.2%
Net Profit YoY
-4.2%
10.4%
EPS (diluted)
$1.10
$2.62

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
MGRC
MGRC
PRK
PRK
Q1 26
$198.5M
Q4 25
$256.8M
$168.3M
Q3 25
$256.4M
$169.5M
Q2 25
$235.6M
$168.7M
Q1 25
$195.4M
$157.9M
Q4 24
$243.7M
$164.7M
Q3 24
$266.8M
$170.3M
Q2 24
$212.6M
$157.7M
Net Profit
MGRC
MGRC
PRK
PRK
Q1 26
$27.0M
Q4 25
$49.8M
$42.6M
Q3 25
$42.3M
$47.2M
Q2 25
$36.0M
$48.1M
Q1 25
$28.2M
$42.2M
Q4 24
$38.9M
$38.6M
Q3 24
$149.3M
$38.2M
Q2 24
$20.6M
$39.4M
Gross Margin
MGRC
MGRC
PRK
PRK
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%
Operating Margin
MGRC
MGRC
PRK
PRK
Q1 26
21.9%
Q4 25
28.9%
Q3 25
26.0%
34.3%
Q2 25
24.3%
35.2%
Q1 25
23.3%
32.4%
Q4 24
25.9%
Q3 24
28.0%
27.4%
Q2 24
25.6%
30.6%
Net Margin
MGRC
MGRC
PRK
PRK
Q1 26
13.6%
Q4 25
19.4%
25.3%
Q3 25
16.5%
27.8%
Q2 25
15.3%
28.5%
Q1 25
14.4%
26.7%
Q4 24
16.0%
23.5%
Q3 24
56.0%
22.4%
Q2 24
9.7%
25.0%
EPS (diluted)
MGRC
MGRC
PRK
PRK
Q1 26
$1.10
Q4 25
$2.02
$2.62
Q3 25
$1.72
$2.92
Q2 25
$1.46
$2.97
Q1 25
$1.15
$2.60
Q4 24
$1.58
$2.38
Q3 24
$6.08
$2.35
Q2 24
$0.84
$2.42

Balance Sheet & Financial Strength

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

Metric
MGRC
MGRC
PRK
PRK
Cash + ST InvestmentsLiquidity on hand
$233.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.4B
Total Assets
$2.4B
$9.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MGRC
MGRC
PRK
PRK
Q1 26
Q4 25
$295.0K
$233.5M
Q3 25
$7.3M
$218.9M
Q2 25
$1.5M
$193.1M
Q1 25
$3.4M
$237.6M
Q4 24
$807.0K
$160.6M
Q3 24
$4.1M
$201.7M
Q2 24
$9.4M
$261.5M
Stockholders' Equity
MGRC
MGRC
PRK
PRK
Q1 26
Q4 25
$1.2B
$1.4B
Q3 25
$1.2B
$1.3B
Q2 25
$1.2B
$1.3B
Q1 25
$1.1B
$1.3B
Q4 24
$1.1B
$1.2B
Q3 24
$1.1B
$1.2B
Q2 24
$954.2M
$1.2B
Total Assets
MGRC
MGRC
PRK
PRK
Q1 26
$2.4B
Q4 25
$2.4B
$9.8B
Q3 25
$2.4B
$9.9B
Q2 25
$2.3B
$9.9B
Q1 25
$2.2B
$9.9B
Q4 24
$2.3B
$9.8B
Q3 24
$2.3B
$9.9B
Q2 24
$2.3B
$9.9B

Cash Flow & Capital Efficiency

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

Metric
MGRC
MGRC
PRK
PRK
Operating Cash FlowLast quarter
$42.4M
$198.3M
Free Cash FlowOCF − Capex
$191.9M
FCF MarginFCF / Revenue
114.1%
Capex IntensityCapex / Revenue
3.8%
Cash ConversionOCF / Net Profit
1.57×
4.65×
TTM Free Cash FlowTrailing 4 quarters
$328.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MGRC
MGRC
PRK
PRK
Q1 26
$42.4M
Q4 25
$80.9M
$198.3M
Q3 25
$65.1M
$52.6M
Q2 25
$55.8M
$49.7M
Q1 25
$53.9M
$37.9M
Q4 24
$36.8M
$178.8M
Q3 24
$199.0M
$43.8M
Q2 24
$79.2M
$50.9M
Free Cash Flow
MGRC
MGRC
PRK
PRK
Q1 26
Q4 25
$69.8M
$191.9M
Q3 25
$53.5M
$51.1M
Q2 25
$38.2M
$48.4M
Q1 25
$49.9M
$36.8M
Q4 24
$32.6M
$169.7M
Q3 24
$193.0M
$41.7M
Q2 24
$74.4M
$49.0M
FCF Margin
MGRC
MGRC
PRK
PRK
Q1 26
Q4 25
27.2%
114.1%
Q3 25
20.8%
30.1%
Q2 25
16.2%
28.7%
Q1 25
25.5%
23.3%
Q4 24
13.4%
103.0%
Q3 24
72.4%
24.5%
Q2 24
35.0%
31.1%
Capex Intensity
MGRC
MGRC
PRK
PRK
Q1 26
Q4 25
4.3%
3.8%
Q3 25
4.5%
0.9%
Q2 25
7.5%
0.8%
Q1 25
2.0%
0.7%
Q4 24
1.7%
5.6%
Q3 24
2.2%
1.2%
Q2 24
2.3%
1.2%
Cash Conversion
MGRC
MGRC
PRK
PRK
Q1 26
1.57×
Q4 25
1.62×
4.65×
Q3 25
1.54×
1.11×
Q2 25
1.55×
1.03×
Q1 25
1.91×
0.90×
Q4 24
0.94×
4.63×
Q3 24
1.33×
1.14×
Q2 24
3.84×
1.29×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MGRC
MGRC

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

PRK
PRK

Segment breakdown not available.

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