McGrath RentCorp Financial Statements
NASDAQ: MGRCConsumer DiscretionaryDiversified Commercial ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
After hours: 113.64 0.00%
McGrath RentCorp revenue and earnings
In fiscal 2025, McGrath RentCorp generated $944.2 million in revenue, up 3.7% from fiscal 2024, its 4th consecutive year of revenue growth. Net income was $156.3 million (-32.5% year over year), for a net margin of 16.6% versus a median of 18.1% in the prior 5 years. Gross margin was 48.2% (up from 47.8%) and operating margin 25.8%.
Diluted earnings per share came in at $6.35, down from $9.43. Over the last 5 fiscal years, MGRC's revenue has grown at a 10.5% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
McGrath RentCorp income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 944.24M | 910.94M | 831.84M | 635.66M | 534.59M | 572.55M | 570.23M | 498.33M | 462.03M | 424.08M |
| Revenue growth (YoY) | +3.65% | +9.51% | +30.86% | +18.91% | -6.63% | +0.41% | +14.43% | +7.86% | +8.95% | +4.83% |
| Cost of Revenue | 489.26M | 475.53M | 438.21M | 345.46M | 287.27M | 308.81M | 304.06M | 265.08M | 255.69M | 239.91M |
| Gross Profit | 454.98M | 435.42M | 393.63M | 290.21M | 247.32M | 263.75M | 266.17M | 233.25M | 206.34M | 184.17M |
| Operating Expenses | 211.35M | 191.15M | 203.92M | 142.91M | 123.06M | 122.99M | 124.79M | 115.77M | 111.61M | 104.91M |
| Selling, General & Admin | 211.35M | 200.43M | 207.54M | 142.91M | 123.06M | 122.99M | 124.79M | 115.77M | 111.61M | 104.91M |
| Operating Income | 243.62M | 244.26M | 189.71M | 147.29M | 124.26M | 140.75M | 141.37M | 117.48M | 94.74M | 79.26M |
| Interest Expense | 30.62M | 47.24M | 40.56M | 12.23M | 8.24M | 8.79M | 12.33M | 12.30M | 11.62M | 12.21M |
| Pretax Income | 213.08M | 313.65M | 149.46M | 134.69M | 115.81M | 132.04M | 129.13M | 104.69M | 83.45M | 66.93M |
| Income Tax | 56.77M | 81.92M | 37.61M | 31.38M | 30.73M | 30.06M | 32.32M | 25.29M | -70.47M | 28.68M |
| Net Income | 156.31M | 231.73M | 174.62M | 115.14M | 89.70M | 101.98M | 96.81M | 79.41M | 153.92M | 38.25M |
| Net Income growth (YoY) | -32.55% | +32.70% | +51.66% | +28.35% | -12.04% | +5.35% | +21.91% | -48.41% | +302.39% | -5.48% |
| EPS (Basic) | 6.35 | 9.44 | 7.14 | 4.73 | 3.70 | 4.22 | 3.99 | 3.29 | 6.41 | 1.60 |
| EPS (Diluted) | 6.35 | 9.43 | 7.12 | 4.70 | 3.66 | 4.16 | 3.93 | 3.24 | 6.34 | 1.60 |
| Shares Outstanding (Basic) | 24.60M | 24.54M | 24.47M | 24.35M | 24.22M | 24.16M | 24.25M | 24.14M | 24.00M | 23.90M |
| Shares Outstanding (Diluted) | 24.63M | 24.57M | 24.53M | 24.52M | 24.52M | 24.53M | 24.62M | 24.54M | 24.27M | 23.98M |
| EBITDA | 350.69M | 351.72M | 299.09M | 258.64M | 230.96M | 235.40M | 230.85M | 199.46M | 173.16M | 160.44M |
| Gross Margin | 48.18% | 47.80% | 47.32% | 45.65% | 46.26% | 46.06% | 46.68% | 46.81% | 44.66% | 43.43% |
| Operating Margin | 25.80% | 26.81% | 22.81% | 23.17% | 23.24% | 24.58% | 24.79% | 23.57% | 20.50% | 18.69% |
| Net Margin | 16.55% | 25.44% | 20.99% | 18.11% | 16.78% | 17.81% | 16.98% | 15.93% | 33.31% | 9.02% |
This table shows 10 annual periods of McGrath RentCorp's income statement, from FY 2025 back to FY 2016, across 18 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow MGRC's reporting calendar. What is a income statement?