# McGrath RentCorp (MGRC)

> Source: Nexqual · https://nexqual.com/MGRC · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, McGrath RentCorp (MGRC), nexqual.com/MGRC" · informational, not investment advice.

**Price:** USD 116.81 (+2.22% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 114.27 · day 113.19–117.27 · 52w 94.99–125.83 · market cap $2.85B · NMS

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $933M, net income $153M (16.4% margin), free cash flow $210M (SEC filings).
- Valuation: P/E 18.7x (avg 15.1x at the last 3 fiscal year-ends).
- Insider open-market sales, last ~7 months: 12 Form 4 filings, $5.3M; 9 not under a Rule 10b5-1 plan ($3.2M); 6 by opportunistic insiders (6 outside 10b5-1 plans), 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Strong Buy (mean 1.33 on a 1–5 scale) (3 analysts), mean target USD 145.4 (range 140–150).
- Total return with dividends: 1Y -1.3% vs S&P 500 +14.9%; 5Y +68.4% vs S&P 500 +80.3%.
- Next earnings: 2026-10-28, EPS estimate USD 1.85, revenue estimate $273M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $535M | $636M | $832M | $911M | $944M | $933M |
| Gross profit | $247M | $290M | $394M | $435M | $455M | — |
| Operating income | $124M | $147M | $190M | $244M | $244M | $238M |
| Net income | $89.7M | $115M | $175M | $232M | $156M | $153M |
| EPS (diluted) | $3.66 | $4.70 | $7.12 | $9.43 | $6.35 | — |
| Free cash flow | $193M | $177M | $51.4M | $334M | $211M | $210M |
| Gross margin | 46.3% | 45.7% | 47.3% | 47.8% | 48.2% | — |
| Operating margin | 23.2% | 23.2% | 22.8% | 26.8% | 25.8% | 25.5% |
| Net margin | 16.8% | 18.1% | 21.0% | 25.4% | 16.6% | 16.4% |
| Revenue growth | -6.6% | +18.9% | +30.9% | +9.5% | +3.7% | — |
| Cash + short-term investments | $1.5M | $957K | $877K | $807K | $295K | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 18.7x · P/S 3.1x · P/FCF 13.6x · P/B 2.3x · FCF yield 7.34% · Earnings yield 5.36% · Dividend yield (paid, TTM) 1.70%
P/E at fiscal year-ends: Dec 2025 16.5x, Dec 2024 11.9x, Dec 2023 16.8x.

## Insider sales (SEC Form 4, open-market, last ~7 months)
3 of 12 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-01 | Hanna Joseph F | Director | 7,500 | $863K | 4.9% | Yes | Too little history (no open-market trades in 2023) |
| 2026-08-18 | Wescott Tara | SVP, Chief HR Officer | 1,325 | $162K | 14.5% | No | Too little history (no open-market trades in 2025) |
| 2026-08-11 | Hawkins Philip B | President and CEO | 4,435 | $536K | 24.9% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-08-11 | Skenesky John P | VP and Division Manager | 2,000 | $241K | 15.8% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-07-01 | Hanna Joseph F | Director | 7,500 | $905K | 4.7% | Yes | Too little history (no open-market trades in 2023) |
| 2026-06-25…2026-06-26 | Lieffrig John | VP and Division Manager | 2,500 | $313K | 9.6% | Yes | Too little history (no open-market trades in 2024 or 2025) |
| 2026-06-15 | Malek Gilda | SVP, Chief Legal Officer | 1,407 | $160K | 14.9% | No | Too little history (no open-market trades in 2023) |
| 2026-06-10 | Whitney David M | SVP, Chief Accounting Officer | 3,783 | $430K | 36.7% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-06-10 | Van Trease Kristina | Chief Strategy Officer | 3,783 | $430K | 36.7% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-05-15 | Whitney David M | SVP, Chief Accounting Officer | 539 | $62K | 5% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-05-15 | Van Trease Kristina | Chief Strategy Officer | 539 | $62K | 5% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-05-04…2026-05-05 | Hanna Joseph F | Director | 10,000 | $1.1M | 5.9% | No | Too little history (no open-market trades in 2023) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Strong Buy (mean 1.33 on a 1–5 scale), 3 analysts; mean target USD 145.4 (low 140, high 150).

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | -1.3% | +68.4% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -1.3% | +11.0% |
| Volatility (annualized) | 26.6% | 24.6% |
| Max drawdown | -20.6% (Oct 2025→Nov 2025) | -22.9% (Feb 2024→Sep 2024) |

## Peers (Rental & Leasing Services)
WSC (WillScot Holdings Corporation) USD 16.49 -0.48% · CAR (Avis Budget Group, Inc.) USD 101.55 +3.21% · CTOS (Custom Truck One Source, Inc.) USD 8.87 -5.13% · EQPT (EquipmentShare.com Inc) USD 16.33 -3.09% · VSTS (Vestis Corporation) USD 14.55 -1.89% · HRI (Herc Holdings Inc.) USD 133.55 +1.38%

## More
Full page: https://nexqual.com/MGRC · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Mobile Modular | $150.4M | 68.0% | -3.6% |
| Trs Ren Telco | $42.6M | 19.2% | +16.9% |
| Portable Storage | $23.5M | 10.6% | +0.7% |
| Enviroplex | $4.6M | 2.1% | -76.8% |
| Total revenue | $221.1M | 100% | — |

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Product | $46.4M | 21.0% | -33.6% |
| Non Lease Revenues | $37.9M | 17.1% | -21.1% |
| Non Lease Sales | $31.2M | 14.1% | -23.0% |
| Non Lease Rental Related Services | $6.7M | 3.0% | -10.5% |
| Product & Service Other | $2.3M | 1.0% | -4.8% |
| Non Lease Other | $12,000 | 0.0% | -65.7% |
| Total revenue | $221.1M | 100% | — |
The lines above cover 56.3% of total revenue.

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $1.84 | $1.84 | +0.4% | $273.2M | 4 |
| Next quarter (ends 2026-12-31) | $2.05 | $1.96 | +4.5% | $270.3M | 4 |
| Current fiscal year (ends 2026-12-31) | $6.35 | $6.34 | +0.2% | $963.2M | 4 |
| Next fiscal year (ends 2027-12-31) | $6.95 | $7.01 | -0.9% | $1.01B | 4 |