McGrath RentCorp (MGRC) Income Statement
MGRC 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsMGRC revenue and net income
Where MGRC's revenue goes
2025Each bar shows an amount and its share of revenue. MGRC kept 16.6% of revenue as net income.
MGRC profit margins
MGRC growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +3.7% | +14.1% | +10.5% | +8.8% |
| Gross profit | −0.1% | +18.8% | +10.5% | +9.4% |
| Operating income | −0.1% | +17.3% | +11.6% | +12.2% |
| Net income | −32.5% | +10.7% | +8.9% | +14.5% |
| EPS (diluted) | +12.7% | +10.6% | +8.9% | +14.8% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
MGRC quarterly EPS vs estimates
McGrath RentCorp beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: October 28, 2026 (estimate $1.80).
MGRC income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $944.2M | $910.9M | $831.8M | $635.7M | $616.8M | $572.6M | $570.2M | $498.3M | $462.0M | $424.1M |
| Cost of revenue | $509.4M | $475.5M | $438.2M | $376.4M | $350.6M | $308.8M | $304.1M | $265.1M | $255.7M | $239.9M |
| Gross profit | $434.8M | $435.4M | $393.6M | $259.3M | $266.2M | $263.7M | $266.2M | $233.3M | $206.3M | $184.2M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $211.4M | $93.0M | $207.5M | $166.3M | $143.5M | $123.0M | $124.8M | $115.8M | $111.6M | $104.9M |
| Total operating expenses | $190.8M | $191.2M | $203.9M | $107.9M | $133.8M | $123.0M | $124.8M | $115.8M | $111.6M | $104.9M |
| Operating income | $244.1M | $244.3M | $189.7M | $151.3M | $132.4M | $140.8M | $141.4M | $117.5M | $94.7M | $79.3M |
| Interest income | — | — | — | — | — | — | $12.2M | $12.8M | $11.3M | $12.3M |
| Interest expense | $30.6M | $47.2M | $40.6M | $12.2M | $10.5M | $8.8M | $12.3M | $12.3M | $11.6M | $12.2M |
| Income before taxes | $213.1M | $313.6M | $149.5M | $134.7M | $121.8M | $132.0M | $129.1M | $104.7M | $83.5M | $66.9M |
| Income taxes | $56.8M | $81.9M | $37.6M | $31.4M | $32.1M | $30.1M | $32.3M | $25.3M | −$70.5M | $28.7M |
| Net income | $156.3M | $231.7M | $174.6M | $115.1M | $89.7M | $102.0M | $96.8M | $79.4M | $153.9M | $38.3M |
| EBITDA | $350.8M | $468.3M | $299.4M | $258.3M | $238.9M | $235.4M | $230.8M | $199.0M | $173.5M | $160.4M |
| EPS (diluted) | $6.37 | $5.65 | $4.61 | $4.71 | $3.66 | $4.15 | $3.93 | $3.24 | $2.12 | $1.59 |
| Gross margin | 46.1% | 47.8% | 47.3% | 40.8% | 43.2% | 46.1% | 46.7% | 46.8% | 44.7% | 43.4% |
| Operating margin | 25.9% | 26.8% | 22.8% | 23.8% | 21.5% | 24.6% | 24.8% | 23.6% | 20.5% | 18.7% |
| Net margin | 16.6% | 25.4% | 21.0% | 18.1% | 14.5% | 17.8% | 17.0% | 15.9% | 33.3% | 9.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $221.1M | $198.5M | $256.8M | $256.4M | $235.6M | $195.4M | $243.7M | $266.8M | $212.6M | $187.8M | $221.6M | $243.5M |
| Cost of revenue | $113.2M | $106.8M | $133.4M | $142.3M | $129.8M | $103.9M | $129.0M | $142.8M | $114.0M | $99.4M | $111.5M | $132.0M |
| Gross profit | $107.9M | $91.8M | $123.4M | $114.1M | $105.8M | $91.5M | $114.8M | $124.0M | $98.6M | $88.4M | $110.1M | $111.5M |
| Sales, general & admin | $56.4M | $53.5M | $54.4M | $52.5M | $53.5M | $50.9M | $49.3M | $49.3M | $61.4M | $59.8M | $54.5M | $48.5M |
| Total operating expenses | $54.6M | $48.3M | $49.0M | $47.3M | $48.6M | $46.0M | $51.7M | $49.3M | $44.2M | $45.6M | $54.4M | $44.9M |
| Operating income | $53.3M | $43.5M | $74.4M | $66.8M | $57.2M | $45.6M | $63.1M | $74.7M | $54.4M | $42.8M | $55.7M | $66.6M |
| Interest expense | $7.1M | $6.5M | $6.5M | $8.2M | $7.8M | $8.2M | $8.9M | $12.6M | $13.0M | $12.7M | $12.1M | $11.0M |
| Income before taxes | $46.1M | $36.9M | $67.7M | $58.5M | $49.5M | $37.4M | $52.0M | $202.8M | $29.0M | $29.9M | $43.7M | $55.5M |
| Income taxes | $12.5M | $9.8M | $17.9M | $16.2M | $13.5M | $9.2M | $13.0M | $53.5M | $8.4M | $7.0M | $11.7M | $15.2M |
| Net income | $33.7M | $27.0M | $49.8M | $42.3M | $36.0M | $28.2M | $38.9M | $149.3M | $20.6M | $22.8M | $32.0M | $40.4M |
| EBITDA | $81.7M | $71.2M | $101.5M | $93.7M | $83.6M | $72.0M | $87.4M | $242.2M | $69.0M | $69.8M | $83.4M | $93.4M |
| EPS (diluted) | $1.37 | $1.10 | $2.03 | $1.72 | $1.47 | $1.15 | $1.65 | $1.87 | $1.20 | $0.93 | $1.30 | $1.65 |
| Gross margin | 48.8% | 46.2% | 48.0% | 44.5% | 44.9% | 46.8% | 47.1% | 46.5% | 46.4% | 47.1% | 49.7% | 45.8% |
| Operating margin | 24.1% | 21.9% | 29.0% | 26.1% | 24.3% | 23.3% | 25.9% | 28.0% | 25.6% | 22.8% | 25.1% | 27.3% |
| Net margin | 15.2% | 13.6% | 19.4% | 16.5% | 15.3% | 14.4% | 16.0% | 56.0% | 9.7% | 12.2% | 14.4% | 16.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in MGRC's financial statements (latest annual report filed February 25, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
MGRC financial results
In fiscal year 2025 (ended December 31, 2025), McGrath RentCorp reported revenue of $944.2 million, up 3.7% from the year before. It had net income of $156.3 million (down 32.5%), a net profit margin of 16.6%. Diluted earnings per share came to $6.37. Over five years revenue grew at an average rate of 10.5% a year.
See the MGRC stock overview for the latest quote and news, or the MGRC chart for price history and technical indicators.
MGRC income statement FAQ
What is McGrath RentCorp's annual revenue?
McGrath RentCorp reported total revenue of $944.2 million for fiscal year 2025, which ended on December 31, 2025. That was up 3.7% from $910.9 million the previous year.
Is McGrath RentCorp profitable?
Yes. McGrath RentCorp reported net income of $156.3 million in fiscal 2025, a net profit margin of 16.6%; its operating margin was 25.9%.
What is McGrath RentCorp's gross margin?
McGrath RentCorp's gross margin was 46.1% in fiscal 2025: for every $100 of revenue, McGrath RentCorp kept $46 after the direct cost of its products and services.
How fast is McGrath RentCorp growing?
Revenue grew 10.5% a year on average over the last five fiscal years, from $572.6 million to $944.2 million.
What are McGrath RentCorp's earnings per share?
McGrath RentCorp earned $6.37 per diluted share in fiscal 2025, compared with $5.65 a year earlier.
When will McGrath RentCorp report its next earnings?
McGrath RentCorp is expected to report results for the quarter ending September 30, 2026 on October 28, 2026 after the market closes.
When does McGrath RentCorp's fiscal year end?
McGrath RentCorp's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 25, 2026.