McGrath RentCorp (MGRC) financial statements
McGrath RentCorp reported revenue of $944M in fiscal 2025, up 32.1% a year over 9 years.
Net income was $156M and the operating margin 25.8%, against 103.2% in 2016.
Free cash flow was $211M, and the company returned $48M in dividends.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from McGrath RentCorp's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $77M | $95M | $97M | $115M | $128M | $129M | $155M | $832M | $911M | $944M |
| Cost of revenue | $240M | $256M | $265M | $304M | $309M | $287M | $345M | $438M | $476M | $489M |
| Gross profit | $184M | $206M | $233M | $266M | $264M | $247M | $290M | $394M | $435M | $455M |
| Selling, general and admin | $105M | $112M | $116M | $125M | $123M | $123M | $143M | $208M | $200M | $211M |
| Operating income | $79M | $95M | $117M | $141M | $141M | $124M | $147M | $190M | $244M | $244M |
| Interest expense | $12M | $12M | $12M | $12M | $9M | $8M | $12M | $41M | $47M | $31M |
| Pre-tax income | $67M | $83M | $105M | $129M | $132M | $116M | $135M | $149M | $314M | $213M |
| Income tax | $29M | -$70M | $25M | $32M | $30M | $31M | $31M | $38M | $82M | $57M |
| Net income | $38M | $154M | $79M | $97M | $102M | $90M | $115M | $175M | $232M | $156M |
| EPS (diluted) | $1.60 | $6.34 | $3.24 | $3.93 | $4.16 | $3.66 | $4.70 | $7.12 | $9.43 | $6.35 |
| Diluted shares | 24M | 24M | 25M | 25M | 25M | 25M | 25M | 25M | 25M | 25M |
| Gross margin | 239.7% | 218.2% | 241.3% | 230.8% | 205.5% | 192.1% | 187.0% | 47.3% | 47.8% | 48.2% |
| Operating margin | 103.2% | 100.2% | 121.6% | 122.6% | 109.6% | 96.5% | 94.9% | 22.8% | 26.8% | 25.8% |
| Net margin | 49.8% | 162.8% | 82.2% | 84.0% | 79.4% | 69.7% | 74.2% | 21.0% | 25.4% | 16.6% |
Balance sheet
Fiscal years, from McGrath RentCorp's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $852,000 | $3M | $2M | $2M | $1M | $1M | $957,000 | $877,000 | $807,000 | $295,000 |
| Inventory | — | — | — | — | — | — | — | $8M | $14M | $8M |
| Property, plant and equipment | $112M | $119M | $127M | $131M | $136M | $135M | $139M | $154M | $182M | $219M |
| Goodwill | $28M | $28M | $28M | $28M | $28M | $132M | $106M | $323M | $323M | $333M |
| Total assets | $1.1B | $1.1B | $1.2B | $1.3B | $1.3B | $1.6B | $1.7B | $2.2B | $2.3B | $2.4B |
| Total liabilities | $734M | $624M | $646M | $676M | $593M | $864M | $904M | $1.3B | $1.2B | $1.1B |
| Shareholders' equity | $394M | $524M | $572M | $634M | $683M | $732M | $804M | $934M | $1.1B | $1.2B |
| Net debt | -$852,000 | -$3M | -$2M | -$2M | -$1M | -$1M | -$957,000 | -$877,000 | -$807,000 | -$295,000 |
Cash flow
Fiscal years, from McGrath RentCorp's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $141M | $122M | $143M | $188M | $181M | $196M | $194M | $95M | $374M | $256M |
| Capital spending | $11M | $15M | $16M | $12M | $14M | $3M | $18M | $44M | $40M | $44M |
| Free cash flow | $130M | $108M | $127M | $176M | $167M | $193M | $177M | $51M | $334M | $211M |
| Stock-based compensation | $3M | $3M | $4M | $6M | $6M | $8M | $8M | $8M | $10M | $11M |
| Dividends paid | $24M | $25M | $31M | $36M | $40M | $42M | $44M | $46M | $47M | $48M |
| Share buybacks (net) | — | — | — | — | -$14M | — | — | — | — | — |
| Free cash flow margin | 169.4% | 114.0% | 131.4% | 152.6% | 129.9% | 149.9% | 113.9% | 6.2% | 36.7% | 22.4% |
| Dividends per share | $1.02 | $1.03 | $1.26 | $1.44 | $1.62 | $1.72 | $1.81 | $1.86 | $1.90 | $1.94 |
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Open MGRC in InvestinglyQuestions
What was McGrath RentCorp's revenue in 2025?
$944M in fiscal 2025, from its 10-K filing.
How much free cash flow does McGrath RentCorp generate?
$211M in fiscal 2025 (operating cash flow minus capital spending).
From McGrath RentCorp's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.