McGrath RentCorp (MGRC) Financial Statements & Analysis

McGrath RentCorp (MGRC) Income Statement

McGrath RentCorp reported revenue of $944.24M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 3.7% from $910.94M a year earlier. Net income was $156.31M, down 32.5% year over year, a net margin of 16.6%. Gross margin was 48.2% and operating margin 25.8%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $221.11M, down 6.2% from the same quarter a year earlier.

McGrath RentCorp Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

McGrath RentCorp income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	944.24	910.94	831.84	635.67	534.59	572.55	570.23	498.33	462.03
Cost of Revenue	489.26	475.53	438.21	345.46	287.27	308.81	304.07	265.08	255.69
Gross Profit	454.98	435.42	393.63	290.21	247.32	263.75	266.17	233.25	206.35
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	102.58	92.98	207.54	142.91	123.06	122.99	124.79	115.77	111.61
Operating Expenses	211.35	191.15	203.92	142.91	123.06	122.99	124.79	115.77	111.61
Operating Income	243.62	244.26	189.71	147.29	124.26	140.75	141.37	117.48	94.74
Other Income/Expense
Interest Income	-30.62	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	30.62	47.24	40.56	12.23	8.24	8.79	12.33	12.30	11.62
Other Income/Expense	-30.54	69.39	-40.25	-0.38	-0.21	-8.71	-12.25	-12.79	-11.29
Income
Income Before Tax	213.08	313.65	149.46	134.69	115.81	132.04	129.13	104.70	83.45
Income Tax Expense	56.77	81.92	37.61	31.38	30.73	30.06	32.32	25.29	-70.47
Net Income	156.31	231.73	174.62	115.14	89.71	101.98	96.81	79.41	153.92
Net Income - Continuous Operations	156.31	231.73	174.62	103.31	85.09	101.98	96.81	79.41	153.92
Net Income - Discontinued Operations	-	-	62.77	11.83	4.62	-	-	-	-
EBITDA	263.76	468.35	299.40	258.26	230.75	235.40	230.85	198.97	173.49
EBIT	243.62	360.89	190.02	146.92	124.05	140.75	-	-	-
Depreciation & Amortization	107.07	107.46	109.38	111.34	106.70	94.64	89.48	81.98	78.42
Earnings Per Share
Basic EPS	6.00	9.00	7.00	5.00	4.00	4.00	4.00	3.00	6.00
Diluted EPS	6.00	9.00	7.00	5.00	4.00	4.00	4.00	3.00	6.00
Basic Shares Outstanding	24.60	24.54	24.47	24.35	24.22	24.16	24.25	24.14	24.00
Diluted Shares Outstanding	24.63	24.57	24.53	24.52	24.52	24.53	24.62	24.54	24.27

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About McGrath RentCorp Financial Statements

What was McGrath RentCorp's revenue in fiscal 2025?

McGrath RentCorp reported revenue of $944.24M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 3.7% from $910.94M a year earlier.

Is McGrath RentCorp profitable?

Yes. McGrath RentCorp earned net income of $156.31M in fiscal 2025, a net margin of 16.6%. In fiscal 2024 it earned $231.73M.

What is McGrath RentCorp's operating margin?

McGrath RentCorp's operating income was $243.62M on revenue of $944.24M in fiscal 2025, an operating margin of 25.8%, compared with 26.8% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition