Security
McGrath RentCorp Common Stock · MGRC
MGRCNASDAQCommon stockCurrentCIK 752714Updated Oct 4, 2026
MGRC price & chart
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NASDAQ:MGRC on TradingView ↗About the company
McGrath RentCorp (Nasdaq: MGRC) is a leading business-to-business rental company in North America with a strong record of profitable business growth. Founded in 1979, McGrath’s operations are centered on modular solutions through its Mobile Modular and Mobile Modular Portable Storage businesses. In addition, its TRS-RenTelco business offers electronic test equipment rental solutions. The Company’s rental product offerings and services are part of the circular supply economy, helping customers work more efficiently, and sustainably manage their environmental footprint. With over 40 years of experience, McGrath’s success is driven by a focus on exceptional customer experiences. This focus has underpinned the Company’s long-term financial success and supported 35 consecutive years of annual dividend increases to shareholders, a rare distinction among publicly listed companies.
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 2,357,117,000Source | 2,277,584,000Source | 2,217,283,000Source | 1,707,844,000Source |
| Property, Plant and Equipment, NetUSD | 218,803,000Source | 182,339,000Source | 169,114,000Source | 143,945,000Source |
| GoodwillUSD | 332,584,000Source | 323,224,000Source | 323,224,000Source | 132,305,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 46,605,000Source | 54,332,000Source | 64,588,000Source | 41,131,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 295,000Source | 807,000Source | 877,000Source | 957,000Source |
| Accounts Receivable | — | — | — | — |
| Inventory, NetUSD | 8,027,000Source | 14,304,000Source | — | — |
| Operating Lease, Right-of-Use AssetUSD | 12,900,000Source | 12,600,000Source | 14,800,000Source | 11,000,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 1,120,094,000Source | 1,154,216,000Source | 1,283,481,000Source | 903,899,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 121,785,000Source | 116,253,000Source | 111,122,000Source | 110,080,000Source |
| Retained Earnings (Accumulated Deficit)USD | 1,115,238,000Source | 1,007,115,000Source | 822,796,000Source | 693,943,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | — | — | -116,000Source | -78,000Source |
| Stockholders' Equity Attributable to ParentUSD | 1,237,023,000Source | 1,123,368,000Source | 933,802,000Source | 803,945,000Source |
| Liabilities and EquityUSD | 2,357,117,000Source | 2,277,584,000Source | 2,217,283,000Source | 1,707,844,000Source |
| Deferred Income Tax Liabilities, NetUSD | 313,580,000Source | 280,129,000Source | 241,555,000Source | 246,911,000Source |
| Additional Financial Items | ||||
| Deferred Tax Liabilities, NetUSD | 313,579,000Source | 280,129,000Source | 241,555,000Source | 246,911,000Source |
| Dividends PayableUSD | 12,749,000Source | 12,482,000Source | 12,010,000Source | 11,227,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 156,308,000Source | 231,727,000Source | 174,621,000Source | 115,138,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 107,069,000Source | 107,455,000Source | 109,375,000Source | 111,344,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 11,225,000Source | 9,502,000Source | 8,275,000Source | 8,009,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 14,249,000Source | -6,136,000Source | 37,776,000Source | 31,361,000Source |
| Increase (Decrease) in InventoriesUSD | -6,277,000Source | -1,121,000Source | — | — |
| Increase (Decrease) in Accounts PayableUSD | -330,000Source | 11,836,000Source | — | — |
| Deferred Income Tax Expense (Benefit)USD | 33,451,000Source | 38,573,000Source | 6,359,000Source | 4,486,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 255,683,000Source | 374,375,000Source | 95,343,000Source | 194,432,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 23,785,000Source | — | 458,315,000Source | — |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -127,112,000Source | -150,755,000Source | -391,868,000Source | -131,427,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 44,380,000Source | 40,228,000Source | 43,989,000Source | 17,617,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 5,693,000Source | 4,371,000Source | 7,233,000Source | 6,539,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -129,083,000Source | -223,690,000Source | 296,436,000Source | -63,533,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 47,900,000Source | 46,759,000Source | 45,556,000Source | 44,269,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -512,000Source | -70,000Source | -80,000Source | -534,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 295,000Source | — | — | — |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 29,905,000Source | 48,324,000Source | 38,603,000Source | 14,775,000Source |
| Income Taxes Paid, NetUSD | 10,116,000Source | 36,524,000Source | 91,565,000Source | 27,362,000Source |
| Additional Financial Items | ||||
| Amortization of Debt Issuance CostsUSD | 206,000Source | 66,000Source | 8,000Source | 16,000Source |
| Amortization of Intangible AssetsUSD | 10,500,000Source | 10,300,000Source | 10,700,000Source | 5,900,000Source |
| DepreciationUSD | 9,600,000Source | 8,900,000Source | 9,700,000Source | 9,000,000Source |
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of TaxUSD | — | — | 61,513,000Source | — |
| Dividends PayableUSD | 12,749,000Source | 12,482,000Source | 12,010,000Source | 11,227,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 80,000Source | -215,000Source | 310,000Source | -378,000Source |
| Gain (Loss) on Sale of PropertiesUSD | 44,191,000Source | 35,085,000Source | 31,642,000Source | 37,979,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | — | 9,281,000Source | 3,618,000Source | — |
| GoodwillUSD | 332,584,000Source | 323,224,000Source | 323,224,000Source | 132,305,000Source |
| Goodwill and Intangible Asset ImpairmentUSD | 0Source | 0Source | 0Source | 0Source |
| Impairment of Intangible Assets, Finite-livedUSD | 0Source | 0Source | 0Source | 0Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | 156,308,000Source | 231,727,000Source | 111,852,000Source | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | 62,769,000Source | — |
| Income Tax Expense (Benefit)USD | 56,773,000Source | 81,922,000Source | 37,610,000Source | 34,882,000Source |
| Net Income (Loss) Attributable to ParentUSD | 156,308,000Source | 231,727,000Source | 174,621,000Source | 115,138,000Source |
| Operating Lease, ExpenseUSD | 6,600,000Source | 6,400,000Source | 6,700,000Source | 5,900,000Source |
| Operating Lease, Lease IncomeUSD | 613,600,000Source | 589,300,000Source | 561,500,000Source | 520,800,000Source |
| Other Operating Income (Expense), NetUSD | — | 9,281,000Source | 3,618,000Source | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 944,235,000Source | 910,942,000Source | 831,842,000Source | 733,823,000Source |
| Cost of RevenueUSD | 171,987,000Source | 174,725,000Source | 137,727,000Source | 93,913,000Source |
| Selling, General and Administrative ExpenseUSD | 211,353,000Source | 200,432,000Source | 207,539,000Source | 171,342,000Source |
| Operating Income (Loss)USD | 243,623,000Source | 244,264,000Source | 189,712,000Source | 165,566,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 213,081,000Source | 313,649,000Source | 149,462,000Source | 150,020,000Source |
| Income Tax Expense (Benefit)USD | 56,773,000Source | 81,922,000Source | 37,610,000Source | 34,882,000Source |
| Net Income (Loss) Attributable to ParentUSD | 156,308,000Source | 231,727,000Source | 174,621,000Source | 115,138,000Source |
| Earnings Per Share, BasicUSD per share | 6.35Source | 9.44Source | 7.14Source | 4.73Source |
| Earnings Per Share, DilutedUSD per share | 6.35Source | 9.43Source | 7.12Source | 4.7Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 24,602,000Source | 24,541,000Source | 24,469,000Source | 24,353,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 24,633,000Source | 24,570,000Source | 24,529,000Source | 24,519,000Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 10,500,000Source | 10,300,000Source | 10,700,000Source | 5,900,000Source |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 1.94Source | 1.9Source | 1.86Source | 1.82Source |
| Current Income Tax Expense (Benefit)USD | 23,322,000Source | 43,349,000Source | 53,436,000Source | 30,396,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 80,000Source | -215,000Source | 310,000Source | -378,000Source |
| Gross ProfitUSD | 454,976,000Source | 435,415,000Source | 393,633,000Source | 336,908,000Source |
| Income (Loss) Attributable to Parent, before TaxUSD | 213,081,000Source | 313,648,000Source | 234,416,000Source | — |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | 156,308,000Source | 231,727,000Source | 111,852,000Source | — |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 212,677,000Source | 310,352,000Source | 234,188,000Source | 149,759,000Source |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | 6.35Source | 9.44Source | 4.57Source | — |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | 6.35Source | 9.43Source | 4.56Source | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | 62,769,000Source | — |
| Interest Expense, DebtUSD | 30,622,000Source | 47,241,000Source | 40,560,000Source | 15,168,000Source |
| Interest Income (Expense), NetUSD | — | 47,241,000Source | 40,560,000Source | 15,168,000Source |
| Lease IncomeUSD | 618,100,000Source | 591,900,000Source | 564,100,000Source | 524,500,000Source |
| Operating Lease, ExpenseUSD | 6,600,000Source | 6,400,000Source | 6,700,000Source | 5,900,000Source |
| Operating Lease, Lease IncomeUSD | 613,600,000Source | 589,300,000Source | 561,500,000Source | 520,800,000Source |
| Other Cost of Operating RevenueUSD | 118,309,000Source | 109,116,000Source | 114,942,000Source | 116,780,000Source |
| Other Operating Income (Expense), NetUSD | — | 9,281,000Source | 3,618,000Source | — |
Filing attachments
mgrc-ex4_1.htm · 10-Q · 2026-07-29
Exhibit 4.1 THIRD AMENDED AND RESTATED FACILITY LETTER May 20, 2026 Mr. Keith E. Pratt Senior Vice President and Chief Financial Officer McGrath RentCorp 5700 Las Positas Road Livermore, CA 94550 Re: $20,000,000.00 Committed Credit Facility Dear Mr. Pratt: U.S. Bank, N.A. (“Bank”) is pleased to provide McGrath RentCorp, a California corporation (“Borrower”) a committed credit facility (“Facility”) under which the Bank will make advances to the Borrower from time to time from the date hereo…
Read attachment ↗mgrc-ex4_2.htm · 10-Q · 2026-07-29
Exhibit 4.2 FOURTH AMENDED AND RESTATED CREDIT LINE NOTE Borrower Name MCGRATH RENTCORP, a California corporation Borrower Address Office Loan Number 5700 Las Positas Road East Bay Corporate Banking Livermore, California 94550 _______________________ _______________________ …
Read attachment ↗mgrc-ex99_1.htm · 8-K · 2026-07-29
EX-99.1 2 mgrc-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 Contact Keith E. Pratt EVP & Chief Financial Officer 925-606-9200 PRESS RELEASE FOR RELEASE July 29, 2026 McGrath Announces Results for Second Quarter 2026 Livermore, CA - July 29, 2026 - McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced total revenues for the quarter ended June 30, 2026 of $221.1 million, a decrease of 6% compared to the…
Read attachment ↗mgrc-ex99_1.htm · 8-K · 2026-05-11
EX-99.1 3 mgrc-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 Contact Keith E. Pratt EVP & Chief Financial Officer 925-606-9200 PRESS RELEASE FOR RELEASE May 11, 2026 McGrath Announces Completion of $725 Million Financing Livermore, Calif - May 11, 2026 - McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced that it has completed a $725 million credit facility with a syndicate of banks. The five-year fa…
Read attachment ↗mgrc-ex99_1.htm · 8-K · 2026-04-29
EX-99.1 2 mgrc-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 Contact Keith E. Pratt EVP & Chief Financial Officer 925-606-9200 PRESS RELEASE FOR RELEASE April 29, 2026 McGrath Announces Results for First Quarter 2026 Livermore, CA - April 29, 2026 - McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced total revenues for the quarter ended March 31, 2026 of $198.5 million, an increase of 2% compared to …
Read attachment ↗mgrc-ex99_1.htm · 8-K · 2026-02-25
EX-99.1 2 mgrc-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 Contact Keith E. Pratt EVP & Chief Financial Officer 925-606-9200 PRESS RELEASE FOR RELEASE February 25, 2026 McGrath Announces Results for Fourth Quarter 2025 and Announces 35th Annual Dividend Increase Livermore, CA - February 25, 2026 - McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced total revenues for the quarter ended December 31,…
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