McGrath RentCorp (MGRC) Key Metrics
MGRC valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $2.76B
- Enterprise value
- $3.28B
- P/E (TTM)
- 18.2 10-yr median 16.7
- Forward P/E
- 16.2
- PEG ratio
- 1.04
- Price / sales
- 3.0 10-yr median 2.9
- Price / book
- 2.2 10-yr median 2.4
- EV / EBITDA
- 9.4 10-yr median 8.8
- Dividend yield
- 1.75% $1.98 a year
- Beta
- 0.47
MGRC key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsMGRC valuation Price multiples at each fiscal year-end price.
MGRC returns How much profit the business earns on the capital it uses.
MGRC per-share figures Results divided by the shares outstanding at year-end.
MGRC financial health Debt, liquidity and how easily interest is covered.
MGRC efficiency & capital use Working capital cycle and where the cash goes.
MGRC valuation history
MGRC returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
MGRC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
MGRC cash returned to shareholders
MGRC price vs earnings per share
MGRC key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $2.58B | $2.75B | $2.93B | $2.42B | $1.97B | $1.65B | $1.88B | $1.26B | $1.14B | $939.6M |
| Enterprise value | $3.11B | $3.35B | $3.71B | $2.85B | $2.40B | $1.88B | $2.19B | $1.65B | $1.53B | $1.34B |
| P/E ratio | 16.5 | 11.9 | 16.8 | 21.0 | 21.9 | 16.1 | 19.5 | 15.9 | 7.4 | 24.6 |
| Price / sales | 2.7 | 3.0 | 3.5 | 3.8 | 3.2 | 2.9 | 3.3 | 2.5 | 2.5 | 2.2 |
| Price / book | 2.1 | 2.4 | 3.1 | 3.0 | 2.7 | 2.4 | 3.0 | 2.2 | 2.2 | 2.4 |
| Price / free cash flow | 12.2 | 8.2 | — | — | 24.9 | 20.5 | 229.5 | 321.3 | 86.4 | 18.0 |
| Price / operating cash flow | 10.1 | 7.3 | 30.8 | 12.5 | 10.1 | 9.1 | 10.0 | 8.9 | 9.3 | 6.6 |
| EV / sales | 3.3 | 3.7 | 4.5 | 4.5 | 3.9 | 3.3 | 3.8 | 3.3 | 3.3 | 3.2 |
| EV / EBITDA | 8.9 | 7.2 | 12.4 | 11.0 | 10.1 | 8.0 | 9.5 | 8.3 | 8.8 | 8.4 |
| EV / free cash flow | 14.7 | 10.0 | — | — | 30.5 | 23.3 | 266.2 | 419.9 | 115.8 | 25.7 |
| Earnings yield | 6.0% | 8.4% | 6.0% | 4.8% | 4.6% | 6.2% | 5.1% | 6.3% | 13.5% | 4.1% |
| Free cash flow yield | 8.2% | 12.2% | −6.1% | −0.4% | 4.0% | 4.9% | 0.4% | 0.3% | 1.2% | 5.6% |
| Dividend yield | 1.9% | 1.7% | 1.6% | 1.8% | 2.1% | 2.4% | 1.9% | 2.4% | 2.2% | 2.6% |
| Shareholder yield (dividends + buybacks) | 1.9% | 1.9% | 1.8% | 2.1% | 2.4% | 3.2% | 2.1% | 2.7% | 2.4% | 2.7% |
| Share price at fiscal year-end | $104.93 | $111.82 | $119.62 | $98.74 | $80.26 | $67.10 | $76.54 | $51.48 | $46.98 | $39.19 |
| Per share | ||||||||||
| Revenue per share | $38.33 | $37.08 | $33.91 | $25.93 | $25.16 | $23.34 | $23.16 | $20.31 | $19.04 | $17.69 |
| Earnings per share | $6.35 | $9.43 | $7.12 | $4.70 | $3.66 | $4.16 | $3.93 | $3.24 | $6.34 | $1.60 |
| Operating cash flow per share | $10.38 | $15.24 | $3.89 | $7.93 | $7.98 | $7.36 | $7.63 | $5.81 | $5.04 | $5.91 |
| Free cash flow per share | $8.58 | $13.60 | −$7.27 | −$0.44 | $3.22 | $3.28 | $0.33 | $0.16 | $0.54 | $2.18 |
| Cash per share | $0.01 | $0.03 | $0.04 | $0.04 | $0.06 | $0.05 | $0.10 | $0.06 | $0.10 | $0.04 |
| Book value per share | $50.22 | $45.72 | $38.07 | $32.79 | $29.86 | $27.83 | $25.75 | $23.29 | $21.60 | $16.45 |
| Tangible book value per share | $34.82 | $30.35 | $22.26 | $25.72 | $22.54 | $26.39 | $24.31 | $21.86 | $20.13 | $14.93 |
| Dividends per share | $1.94 | $1.90 | $1.86 | $1.81 | $1.72 | $1.62 | $1.44 | $1.26 | $1.03 | $1.02 |
| Capex per share | $1.80 | $1.64 | $11.16 | $8.37 | $4.77 | $4.08 | $7.30 | $5.65 | $4.50 | $3.74 |
| Debt per share | $21.43 | $24.54 | $31.71 | $17.35 | $17.84 | $9.42 | $12.32 | $15.87 | $16.06 | $16.87 |
| Shares outstanding | 24.6M | 24.6M | 24.5M | 24.5M | 24.5M | 24.5M | 24.6M | 24.5M | 24.3M | 24.0M |
| Change in shares outstanding | +0.3% | +0.2% | +0.0% | +0.0% | −0.1% | −0.4% | +0.3% | +1.1% | +1.2% | −5.8% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 13.2% | 22.5% | 20.1% | 15.0% | 12.7% | 15.5% | 16.1% | 14.5% | 33.5% | 9.9% |
| Return on invested capital (ROIC) | 10.3% | 10.5% | 9.7% | 9.7% | 9.4% | 11.8% | 11.2% | 9.5% | 11.1% | 5.6% |
| Return on assets (ROA) | 6.7% | 10.1% | 8.8% | 7.0% | 6.2% | 7.9% | 7.7% | 6.7% | 13.5% | 3.4% |
| Return on tangible assets | 7.9% | 12.0% | 9.3% | 7.5% | 6.3% | 8.2% | 7.6% | 6.7% | 13.8% | 3.5% |
| Free cash flow margin | 22.4% | 36.7% | −21.4% | −1.7% | 12.8% | 14.1% | 1.4% | 0.8% | 2.9% | 12.3% |
| Income quality (OCF / net income) | 1.64 | 1.62 | 0.55 | 1.69 | 2.18 | 1.77 | 1.94 | 1.80 | 0.80 | 3.71 |
| Financial health | ||||||||||
| Total debt | $527.8M | $602.8M | $777.7M | $425.3M | $437.4M | $231.0M | $303.4M | $389.4M | $389.8M | $404.5M |
| Cash & short-term investments | $295,000 | $807,000 | $877,000 | $957,000 | $1.5M | $1.2M | $2.3M | $1.5M | $2.5M | $852,000 |
| Net debt | $527.5M | $602.0M | $776.9M | $424.4M | $436.0M | $229.8M | $301.0M | $387.9M | $387.3M | $403.6M |
| Debt / equity | 0.43 | 0.54 | 0.83 | 0.53 | 0.60 | 0.34 | 0.48 | 0.68 | 0.74 | 1.03 |
| Debt / assets | 0.22 | 0.26 | 0.34 | 0.25 | 0.27 | 0.18 | 0.23 | 0.32 | 0.34 | 0.36 |
| Net debt / EBITDA | 1.50 | 1.29 | 2.59 | 1.64 | 1.82 | 0.98 | 1.30 | 1.95 | 2.23 | 2.52 |
| Current ratio | 1.36 | 1.35 | 1.36 | 0.79 | 0.83 | 0.81 | 0.79 | 0.87 | 0.86 | 0.84 |
| Quick ratio | 1.31 | 1.26 | 1.27 | 1.03 | 0.83 | 0.81 | 0.79 | 1.10 | 1.04 | 1.07 |
| Interest coverage | 8.0 | 5.2 | 4.7 | 12.4 | 12.7 | 16.0 | 11.5 | 9.6 | 8.2 | 6.5 |
| Working capital | $63.4M | $60.4M | $60.7M | −$52.3M | −$34.0M | −$29.8M | −$33.7M | −$18.0M | −$17.3M | −$18.0M |
| Invested capital | $1.76B | $1.73B | $1.71B | $1.23B | $1.17B | $912.4M | $935.1M | $959.4M | $911.5M | $797.9M |
| Tangible asset value | $857.8M | $745.8M | $546.0M | $630.5M | $552.6M | $647.3M | $598.5M | $536.5M | $488.7M | $357.9M |
| Net current asset value | −$879.9M | −$949.2M | −$1.11B | −$712.9M | −$702.9M | −$468.6M | −$545.4M | −$523.3M | −$515.3M | −$636.3M |
| Graham number | $84.67 | $98.50 | $78.09 | $58.86 | $49.58 | $51.02 | $47.73 | $41.18 | $55.52 | $24.30 |
| Graham net-net per share | −$38.24 | −$41.15 | −$47.11 | −$32.23 | −$30.30 | −$20.36 | −$23.45 | −$23.20 | −$22.79 | −$28.08 |
| Capital allocation | ||||||||||
| Dividends paid | $47.9M | $46.8M | $45.6M | $44.3M | $42.2M | $39.8M | $35.5M | $30.9M | $24.9M | $24.4M |
| Share buybacks (net) | — | $4.4M | $7.2M | $6.5M | $5.3M | $13.6M | $3.3M | $3.3M | $2.1M | $1.3M |
| Dividend payout ratio | 30.6% | 20.2% | 26.1% | 38.4% | 47.0% | 39.0% | 36.7% | 39.0% | 16.2% | 63.9% |
| Dividends + buybacks / free cash flow | 22.7% | 15.3% | — | — | 60.2% | 66.4% | 473.4% | 869.7% | 204.3% | 49.3% |
| Capex / revenue | 4.7% | 4.4% | 32.9% | 32.3% | 18.9% | 17.5% | 31.5% | 27.8% | 23.6% | 21.1% |
| Capex / operating cash flow | 17.4% | 10.7% | 287.0% | 105.6% | 59.7% | 55.4% | 95.6% | 97.2% | 89.2% | 63.2% |
| Capex / depreciation | 0.41 | 0.37 | 2.50 | 1.84 | 1.09 | 1.06 | 2.01 | 1.69 | 1.39 | 1.10 |
| Stock-based compensation / revenue | 1.2% | 1.0% | 1.0% | 1.3% | 1.2% | 1.0% | 1.0% | 0.8% | 0.7% | 0.7% |
| SG&A / revenue | 22.4% | 10.2% | 24.9% | 26.2% | 23.3% | 21.5% | 21.9% | 23.2% | 24.2% | 24.7% |
| Efficiency | ||||||||||
| Days sales outstanding | 87.2 | 89.5 | 91.6 | 100.3 | 83.7 | 80.1 | 79.7 | 83.1 | 80.1 | 87.4 |
| Days of inventory on hand | 8.0 | 11.4 | -18.5 | -29.0 | 0.0 | 0.0 | -19.1 | -37.4 | -34.3 | -41.3 |
| Days payables outstanding | 45.3 | 81.7 | 125.8 | 133.1 | 117.3 | 117.8 | 114.1 | 122.0 | 117.5 | 114.2 |
| Cash conversion cycle (days) | 50.0 | 19.2 | -52.7 | -61.8 | -33.6 | -37.6 | -53.4 | -76.3 | -71.7 | -68.1 |
| Receivables turnover | 4.19 | 4.08 | 3.99 | 3.64 | 4.36 | 4.55 | 4.58 | 4.39 | 4.56 | 4.18 |
| Payables turnover | 8.07 | 4.47 | 2.90 | 2.74 | 3.11 | 3.10 | 3.20 | 2.99 | 3.11 | 3.20 |
| Inventory turnover | 45.62 | 31.99 | — | — | 350,620,000.00 | 205,872,000.00 | — | — | — | — |
| Asset turnover | 0.40 | 0.40 | 0.42 | 0.38 | 0.43 | 0.44 | 0.45 | 0.42 | 0.41 | 0.37 |
| Average receivables | $225.6M | $223.4M | $208.7M | $174.8M | $141.4M | $125.7M | $124.6M | $113.4M | $101.4M | $101.6M |
| Average payables | $63.2M | $106.4M | $151.0M | $137.3M | $112.7M | $99.6M | $95.0M | $88.6M | $82.3M | $75.1M |
| Average inventory | $11.2M | $14.9M | −$22.2M | −$29.9M | $1 | $2 | −$15.9M | −$27.1M | −$24.0M | −$27.1M |
| Intangibles / total assets | 16.1% | 16.4% | 17.1% | 10.2% | 11.2% | 2.8% | 2.7% | 2.9% | 3.1% | 3.2% |
Computed from MGRC's annual financial statements (latest annual report filed February 25, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
MGRC valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), McGrath RentCorp traded at 16.5 times earnings, against a 10-year median of 16.7. Based on the latest twelve months, the trailing P/E is 18.2 and the forward P/E is 16.2. McGrath RentCorp earned a return on equity of 13.2% and a return on invested capital of 10.3% in fiscal 2025. It ended the year with $527.8 million of debt and $0.3 million in cash and short-term investments, net debt of $527.5 million. It returned $47.9 million to shareholders: $47.9 million in dividends and $0 in share buybacks, 23% of free cash flow.
See the MGRC income statement, the MGRC chart for price history, or the MGRC stock overview for the latest quote and news.
MGRC key metrics FAQ
What is McGrath RentCorp's P/E ratio?
McGrath RentCorp's trailing P/E ratio is 18.2 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 16.2. At the end of fiscal 2025 it was 16.5, compared with a 10-year median of 16.7.
What is McGrath RentCorp's EV/EBITDA?
McGrath RentCorp's enterprise value was 8.9 times EBITDA at the end of fiscal 2025 (enterprise value $3.1 billion, EBITDA $350.8 million); the current EV/EBITDA is 9.4.
What is McGrath RentCorp's return on equity?
McGrath RentCorp's return on equity (ROE) was 13.2% in fiscal 2025: net income of $156.3 million on average shareholders' equity of $1.2 billion.
What is McGrath RentCorp's ROIC?
McGrath RentCorp's return on invested capital was 10.3% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does McGrath RentCorp have?
McGrath RentCorp had total debt of $527.8 million at the end of fiscal 2025, a debt-to-equity ratio of 0.43 and $527.5 million of net debt (1.50 times EBITDA).
What is McGrath RentCorp's dividend yield?
McGrath RentCorp's forward dividend yield is 1.75%. McGrath RentCorp paid $47.9 million in dividends in fiscal 2025 ($1.94 per share), a payout ratio of 30.6%.
What is McGrath RentCorp's free cash flow yield?
McGrath RentCorp generated $211.3 million of free cash flow in fiscal 2025, a free cash flow yield of 8.2% on its market value at year-end ($2.6 billion).
What is McGrath RentCorp's current ratio?
McGrath RentCorp's current ratio was 1.36 at the end of fiscal 2025: current assets were 1.36 times current liabilities.