MGRC Stock - McGrath RentCorp
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $910.94M | $831.84M | $635.66M | $616.83M | $572.55M |
| Gross Profit | $435.42M | $393.63M | $259.29M | $266.21M | $263.75M |
| Gross Margin | 47.8% | 47.3% | 40.8% | 43.2% | 46.1% |
| Operating Income | $244.26M | $189.71M | $151.35M | $132.42M | $140.75M |
| Net Income | $231.73M | $174.62M | $115.14M | $89.70M | $101.98M |
| Net Margin | 25.4% | 21.0% | 18.1% | 14.5% | 17.8% |
| EPS | $9.44 | $7.14 | $4.73 | $3.70 | $4.22 |
McGrath RentCorp operates as a business to business rental company in the United States and internationally. It rents and sells relocatable modular buildings, portable storage containers, electronic test equipment and related accessories, and liquid and solid containment tanks and boxes. The company operates through four segments: Mobile Modular, TRS-RenTelco, Adler Tanks, and Enviroplex. The Mobile Modular segment rents and sells modular buildings designed for use as classrooms, temporary offices adjacent to existing facilities, sales offices, construction field offices, restroom buildings, health care clinics, child care facilities, office spaces, and various other purposes; and portable storage containers. The TRS-RenTelco segment rents and sells general purpose electronic test equipment, such as oscilloscopes, amplifiers, analyzers, signal source, and power source test equipment primarily to aerospace, defense, electronics, industrial, research, and semiconductor industries. It also provides communications test equipment, including network and transmission test equipment for various fiber, copper, and wireless networks to the manufacturers of communications equipment and products, electrical and communications installation contractors, field technicians, and service providers. The Adler Tanks segment rents fixed axle steel tanks for storing groundwater, wastewater, volatile organic liquids, sewage, slurry and bio sludge, oil and water mixtures, and chemicals; vacuum containers for sludge and solid materials; dewatering boxes for the separation of water contained in sludge and slurry; and roll-off and trash boxes for temporary storage and transportation of solid waste. The Enviroplex segment manufactures and sells portable classrooms directly to public school districts and other educational institutions in California. The company was incorporated in 1979 and is headquartered in Livermore, California.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 11th 2024 | CJS Securities | Initiation | Market Outperform | $152 |
| September 25th 2024 | Oppenheimer | Resumed | Outperform | $120 |
| February 2nd 2023 | Sidoti | Upgrade | Buy | $127 |
| November 16th 2022 | Sidoti | Downgrade | Neutral | $106 |
Earnings History & Surprises
MGRCEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 22, 2026 | — | — | — | — |
Q1 2026 | Feb 18, 2026 | $1.74 | — | — | — |
Q4 2025 | Oct 23, 2025 | $1.83 | $1.72 | -6.0% | ✗ MISS |
Q3 2025 | Jul 24, 2025 | $1.30 | $1.46 | +12.3% | ✓ BEAT |
Q2 2025 | Apr 24, 2025 | $1.02 | $1.15 | +12.7% | ✓ BEAT |
Q1 2025 | Feb 19, 2025 | $1.50 | $1.58 | +5.3% | ✓ BEAT |
Q4 2024 | Oct 24, 2024 | $1.39 | $1.87 | +34.5% | ✓ BEAT |
Q3 2024 | Jul 25, 2024 | $1.25 | $0.84 | -32.8% | ✗ MISS |
Q2 2024 | Apr 25, 2024 | $0.73 | $0.93 | +27.4% | ✓ BEAT |
Q1 2024 | Feb 21, 2024 | $1.37 | $1.30 | -5.1% | ✗ MISS |
Q4 2023 | Oct 26, 2023 | $1.25 | $1.49 | +19.2% | ✓ BEAT |
Q3 2023 | Jul 27, 2023 | $0.99 | $1.14 | +15.2% | ✓ BEAT |
Q2 2023 | May 4, 2023 | $0.70 | $0.89 | +27.1% | ✓ BEAT |
Q1 2023 | Feb 22, 2023 | $1.38 | $1.62 | +17.4% | ✓ BEAT |
Q4 2022 | Oct 27, 2022 | $1.17 | $1.25 | +6.8% | ✓ BEAT |
Q3 2022 | Jul 28, 2022 | $0.90 | $1.07 | +18.9% | ✓ BEAT |
Q2 2022 | Apr 28, 2022 | $0.72 | $0.77 | +6.9% | ✓ BEAT |
Q1 2022 | Feb 23, 2022 | $1.15 | $1.16 | +0.9% | ✓ BEAT |
Q4 2021 | Oct 28, 2021 | $1.24 | $0.95 | -23.4% | ✗ MISS |
Q3 2021 | Aug 3, 2021 | $0.91 | $0.92 | +1.1% | ✓ BEAT |
Latest News
McGrath RentCorp Narrows FY2025 Sales Guidance from $925.000M-$960.000M to $935.000M-$955.000M vs $949.311M Est
➖ NeutralMcGrath RentCorp Q3 EPS $1.72 Misses $1.86 Estimate, Sales $256.443M Miss $266.617M Estimate
📉 NegativeOppenheimer Maintains Outperform on McGrath RentCorp, Raises Price Target to $143
📈 PositiveFrequently Asked Questions about MGRC
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