MGRC on Nasdaq

MCGRATH RENTCORP

American equipment rental and leasing services company based in Livermore.

Price unavailable

Last updated Oct 18, 2026.

Overview

Compare with Custom Truck One Source, Inc., EquipmentShare.com Inc or Aaron's, Inc., or pick any stock.

  • TickerMGRC on Nasdaq
  • IndustryServices-Equipment Rental & Leasing, NEC
  • HeadquartersLivermore, United States
  • Incorporated inCA2
  • Business address5700 Las Positas Rd, Livermore, Ca 945512
  • Filer categoryLarge accelerated filer2

See how the biggest companies compare on our leaderboards

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

48.2%Gross margin3
25.8%Operating margin3
16.6%Net margin3
3.7%Revenue growth, 20253
12.6%Return on equity3
$211.3MFree cash flow3

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Non Lease Revenues brought in 35% of the revenue MCGRATH RENTCORP broke down this way in fiscal 2025.

  1. Non Lease Revenues$326.2M335%up 2% from 2024
  2. Product$269.2M329%up 3% from 2024
  3. Non Lease Sales$265.5M329%up 2% from 2024
  4. Non Lease Rental Related Services$58.9M36%up 9% from 2024
  5. Product and Service, Other$9.4M31%down 8% from 2024
  6. Non Lease Other$1.7M30%down 63% from 2024
Products and services by year
Products and services202320242025
Non Lease Revenues$267.8M$319.1M$326.2M
Product$207.2M$262.3M$269.2M
Non Lease Sales$205.0M$260.3M$265.5M
Non Lease Rental Related Services$58.6M$54.1M$58.9M
Product and Service, Other$12.2M$10.2M$9.4M
Non Lease Other$4.1M$4.7M$1.7M

Business segments

Mobile Modular brought in 68% of the revenue MCGRATH RENTCORP broke down this way in fiscal 2025.

  1. Mobile Modular$645.1M368%up 2% from 2024
  2. Trs Ren Telco$148.9M316%up 10% from 2024
  3. Portable Storage$92.8M310%down 2% from 2024
  4. Enviroplex$57.4M36%up 25% from 2024
Business segments by year
Business segments202320242025
Mobile Modular$562.2M$635.4M$645.1M
Trs Ren Telco$148.3M$135.2M$148.9M
Portable Storage$101.1M$94.5M$92.8M
Enviroplex$20.2M$45.8M$57.4M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue52¢$489.3M
  • Selling, general and admin22¢$211.4M
  • Other costs3¢$30.5M
  • Income tax6¢$56.8M
  • Profit17¢$156.3M

Out of $944.2M in revenue.3

Where each dollar of operating cash went, fiscal 2025

  • Capital spending17¢$44.4M
  • Dividends paid19¢$47.9M
  • Kept or used elsewhere64¢$163.4M

Out of $255.7M of cash from operations.3

Financial statements

Revenue453$944.2M in 2025+719% since 2019
0$250.0M$500.0M$750.0M$1.0B2019: $115.3M$115.3M20192020: $128.4M$128.4M2020+11%2021: $128.8M$128.8M2021+0%2022: $155.2M$155.2M2022+21%2023: $831.8M$831.8M2023+436%2024: $910.9M$910.9M2024+10%2025: $944.2M$944.2M2025+4%
Gross profit45673$455.0M in 2025+71% since 2019
0$200.0M$400.0M$600.0M2019: $266.2M$266.2M20192020: $263.7M$263.7M2020−1%2021: $247.3M$247.3M2021−6%2022: $290.2M$290.2M2022+17%2023: $393.6M$393.6M2023+36%2024: $435.4M$435.4M2024+11%2025: $455.0M$455.0M2025+4%
Operating income45673$243.6M in 2025+72% since 2019
0$100.0M$200.0M$300.0M2019: $141.4M$141.4M20192020: $140.8M$140.8M2020−0%2021: $124.3M$124.3M2021−12%2022: $147.3M$147.3M2022+19%2023: $189.7M$189.7M2023+29%2024: $244.3M$244.3M2024+29%2025: $243.6M$243.6M2025−0%
Net income45673$156.3M in 2025+61% since 2019
0$100.0M$200.0M$300.0M2019: $96.8M$96.8M20192020: $102.0M$102.0M2020+5%2021: $89.7M$89.7M2021−12%2022: $115.1M$115.1M2022+28%2023: $174.6M$174.6M2023+52%2024: $231.7M$231.7M2024+33%2025: $156.3M$156.3M2025−33%

Every line of the income statement as filed: the last 3 fiscal years, latest first.3

Period ending2025-12-312024-12-312023-12-31
Rental$503.9M$489.9M$474.3M
Rental related services$161.7M$148.5M$138.2M
Rental operations$665.6M$638.4M$612.5M
Total revenues$944.2M$910.9M$831.8M
Depreciation of rental equipment$86.9M$88.3M$88.9M
Rental related services$112.0M$103.4M$96.6M
Other$118.3M$109.1M$114.9M
Total direct costs of rental operations$317.3M$300.8M$300.5M
Costs of sales$172.0M$174.7M$137.7M
Total costs of revenues$489.3M$475.5M$438.2M
Gross profit$455.0M$435.4M$393.6M
Selling and administrative expenses$211.4M$200.4M$207.5M
Other income, net-$9.3M-$3.6M
Income (loss) from operations$243.6M$244.3M$189.7M
Interest expense$30.6M$47.2M$40.6M
Foreign currency exchange (gain) loss-$80.0K$215.0K-$310.0K
Gain on merger termination from WillScot Mobile Mini (Note 1)-$180.0M
WillScot Mobile Mini transaction costs$63.2M
Income from continuing operations before provision for income taxes$213.1M$313.6M$149.5M
Provision for income taxes from continuing operations$56.8M$81.9M$37.6M
Income from continuing operations$156.3M$231.7M$111.9M
Income from discontinued operations before provision for income taxes$1.7M
Provision for income taxes from discontinued operations$453.0K
Gain on sale of discontinued operations, net of tax$61.5M
Income from discontinued operations$62.8M
Net income$156.3M$231.7M$174.6M
Basic$6$9$5
Diluted$6$9$5
Basic$3
Diluted$3
Basic$6.35$9.44$7.14
Diluted$6.35$9.43$7.12
Basic24.6M shares24.5M shares24.5M shares
Diluted24.6M shares24.6M shares24.5M shares
Cash dividends declared per share$1.94$1.90$1.86

Compare MCGRATH RENTCORP with another company

Leadership

Who has led MCGRATH RENTCORP, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Dennis C. Kakures2006–2016
  2. Joseph F. Hanna2017–2026
  3. Philip B. Hawkins2026–now

Chair

  1. Robert P. McGrath2006

President

  1. Dennis C. Kakures2006–2008
  2. Steven H. Adler2008–2015
  3. Joseph F. Hanna2017–2026
  4. Philip B. Hawkins2026–now

Chief financial officer

  1. Keith E. Pratt2007–now

Chief operating officer

  1. Joseph F. Hanna2008–2016
  2. Philip B. Hawkins2025–now
2010201520202025
Board members and other officers (30)

Timeline

  1. Aug 13, 2026New chief executive Philip B. Hawkins becomes CEO11
  2. Mar 6, 2017New chief executive Joseph F. Hanna becomes CEO12
  3. May 11, 2006New chief executive Dennis C. Kakures becomes CEO13
  4. Mar 27, 1979Founded MCGRATH RENTCORP is founded47

Filings

411 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 46 major events, 253 insider forms, 22 large holders, 69 other. The latest 20:

  1. Oct 2, 20264 PRIMARY DOCUMENT EDGAR
  2. Oct 1, 2026144 EDGAR
  3. Aug 20, 20264 PRIMARY DOCUMENT EDGAR
  4. Aug 18, 2026144 EDGAR
  5. Aug 14, 20264 PRIMARY DOCUMENT EDGAR
  6. Aug 13, 20264 PRIMARY DOCUMENT EDGAR
  7. Aug 13, 20264 PRIMARY DOCUMENT EDGAR
  8. Aug 11, 2026144 EDGAR
  9. Aug 11, 2026144 EDGAR
  10. Jul 29, 202610-Q EDGAR
  11. Jul 29, 20268-K EDGAR
  12. Jul 2, 20264 PRIMARY DOCUMENT EDGAR
  13. Jul 1, 2026144 EDGAR
  14. Jun 29, 20264 PRIMARY DOCUMENT EDGAR
  15. Jun 25, 2026144 EDGAR
  16. Jun 16, 20264 PRIMARY DOCUMENT EDGAR
  17. Jun 15, 2026144 EDGAR
  18. Jun 12, 20264 PRIMARY DOCUMENT EDGAR
  19. Jun 12, 20264 PRIMARY DOCUMENT EDGAR
  20. Jun 5, 20268-K EDGAR

The 411 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 22 such filings since October 2021, the latest 10:

  1. Apr 30, 2026SCHEDULE 13G
  2. Apr 29, 2026SCHEDULE 13G
  3. Mar 27, 2026SCHEDULE 13G/A
  4. Jan 29, 2026SCHEDULE 13G/A
  5. Feb 6, 2025SCHEDULE 13G
  6. Oct 31, 2024SCHEDULE 13G/A
  7. Feb 13, 2024SC 13G/A
  8. Feb 9, 2024SC 13G/A
  9. Jan 30, 2024SC 13G/A
  10. Jan 25, 2024SC 13G/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.2,089,066$252.8M0.0%+148,544
River Road Asset Management, LLC2,046,345$247.7M2.8%−114,492
Vanguard Portfolio Management LLC1,424,824$172.4M0.0%+17,810
Vanguard Capital Management LLC1,105,970$133.9M0.0%−4,124
Dimensional Fund Advisors LP975,053$118.0M0.0%+68,099
Channing Capital Management, LLC835,246$101.1M2.3%+23,018
Victory Capital Management Inc705,334$85.4M0.0%−104,590
Geode Capital Management, LLC676,028$81.8M0.0%+45,790
Fmr LLC631,856$76.5M0.0%+299,361
State Street Corp629,987$76.2M0.0%+45,607
Snyder Capital Management L P475,324$57.5M1.0%−11,649
Morgan Stanley453,886$54.9M0.0%−39,649
Loomis Sayles & Co L P377,251$45.7M0.1%−19,312
Silvercrest Asset Management Group LLC357,145$43.2M0.3%+35,438
Clearbridge Investments, LLC353,791$42.8M0.0%+7,144
Alyeska Investment Group, L.P.330,702$40.0M0.1%+93,196
Capital World Investors330,106$40.0M0.0%+9,006
Ameriprise Financial Inc315,769$38.2M0.0%+26,790
Capital Research Global Investors309,406$37.4M0.0%+4,312
Northern Trust Corp298,024$36.1M0.0%+6,033
Neumeier Poma Investment Counsel LLC295,108$35.7M2.4%+9,400
Charles Schwab Investment Management Inc285,593$34.6M0.0%+4,161
Schroder Investment Management Group274,850$33.4M0.0%+36,173
Raymond James Financial Inc268,267$32.5M0.0%−37,342
New York State Common Retirement Fund229,164$27.7M0.0%+17,020

13F reports cover disclosed long positions in U.S. stocks only.

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47