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Rents modular buildings, portable storage and electronic test equipment to schools, businesses and contractors.
Rents modular buildings, portable storage and electronic test equipment to schools, businesses and contractors.
Modular units are leased for months and years, so income is rent plus fees for installation and removal and occasional sales of used units; California schools are a notable source. Test equipment is rented to electronics and aerospace labs on shorter terms.
Moat: narrow (scale, installed base). Large rental fleet and long customer relationships, especially schools, built over decades of regional density.
Headquarters: Livermore, California, US · Founded: 1979 · Employees: 1,306
Size McGrath RentCorp (MGRC) is a United States Financials company (Finance/Rental/Leasing) with a market value of $3.05B, the 1542nd largest of 3,117 United States companies the cockpit tracks. Shares closed at $125.02 on 6 Nov 2026.
Performance Over six months the shares gained 9.1%, against -11.5% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue grew 2.1% over the last twelve months (peer median +10.7%); the operating margin is 25.6% (peer median 29.5%).
Valuation It trades at 2.38× book value against a peer median of 1.48× (4th most expensive of 21).
Price implies The share price implies a return on equity of about 13.2%; McGrath RentCorp delivers 12.9%, so the price asks more than the business earns today.
Backlog Backlog (remaining performance obligations) was $38.3M at 30 Sep 2025, down 43% on a year earlier — 0.0 years of trailing revenue. Backlog detail →
Short interest Short interest is 1.9% of the free float (15 Oct 2026).
Next results Next results expected around 24 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $951M | $944M | $911M | $832M | $636M |
| Revenue growth | — | +4% | +10% | +31% | — |
| Gross profit | $444M | $435M | $416M | $373M | $259M |
| EBITDA | $357M | $351M | $342M | $311M | $263M |
| Net income | $159M | $156M | $232M | $113M | $115M |
| Free cash flow | -$60.0M | $68.7M | $143M | -$178M | -$10.9M |
| Capital expenditure | $319M | $187M | $231M | $274M | $205M |
| Total debt | $618M | $528M | $603M | $778M | $425M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| McGrath RentCorp MGRC | $3.05B | +9% | +2% | 13% | 2.38× | 13.2% |
| WillScot WSC | $3.42B | -33% | -3% | -7% | 3.75× | 35.8% |
| United Rentals URI | $65.4B | +13% | +9% | 31% | 6.75× | 77.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | MGRC | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +10.9% | +2.7% | 3rd highest of 21 |
| 6-month return | +9.1% | -11.5% | 3rd highest of 21 |
| Return on equity | 12.9% | 13.0% | 11th highest of 21 |
| Price / book | 2.38× | 1.48× | 4th most expensive of 21 |
| Trailing P/E | 19.3× | 10.5× | 3rd most expensive of 19 |
| ROE the price implies | 13.2% | 14.8% | 10th least demanding of 21 |
| ROE delivered | 12.9% | 13.3% | 9th lowest of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| McGrath RentCorp MGRC | United States | $3.05B | +9% | +2% | 13% | 2.38× | 13.2% | 12.9% |
| PNB Housing Finance PNBHOUSING.NS | India | $3.03B | +5% | +11% | 12% | 1.42× | 19.4% | 12.3% |
| Hercules Capital HTGC | United States | $3.06B | 0% | +40% | 16% | 1.32× | 10.4% | 15.7% |
| Marui 8252.T | Japan | $3.09B | -7% | +8% | 12% | 2.12× | 7.1% | 12.4% |
| SLM SLM | United States | $3.10B | -25% | -6% | 25% | 1.55× | 13.8% | 24.7% |
| LIC Housing Finance LICHSGFIN.NS | India | $3.12B | -9% | -1% | 14% | 0.67× | 11.6% | 14.3% |
| Cholamandalam Financial CHOLAHLDNG.NS | India | $2.89B | -17% | +18% | 17% | 1.77× | 26.2% | n/a |
| Manappuram Finance MANAPPURAM.NS | India | $3.23B | +3% | +5% | 7% | 1.90× | 33.0% | n/a |
| IIFL Finance IIFL.NS | India | $2.83B | +35% | +36% | 18% | 1.73× | 23.7% | 17.6% |
| Samsung Card 029780.KS | South Korea | $3.30B | -21% | +11% | 7% | 0.51× | 4.2% | n/a |
| Indian Renewable Energy Development Agency IREDA.NS | India | $3.31B | -18% | +17% | 14% | 2.18× | 42.4% | 14.4% |
| Housing & Urban Development HUDCO.NS | India | $3.39B | -30% | +22% | 22% | 1.39× | 31.5% | 21.7% |
| PennyMac Financial Services PFSI | United States | $3.41B | -28% | +4% | 6% | 0.78× | 10.2% | 5.6% |
| WillScot WSC | United States | $3.42B | -33% | -3% | -7% | 3.75× | 35.8% | -7.1% |
| Far East Horizon 3360.HK | Hong Kong | $3.44B | -25% | +1% | 8% | 0.45× | 4.5% | 7.6% |
| China Development Bank Financial Leasing 1606.HK | Hong Kong | $2.66B | +4% | -5% | 13% | 0.40× | 4.5% | 12.6% |
| Credit Saison 8253.T | Japan | $3.62B | -10% | +10% | 9% | 0.73× | 6.3% | 9.2% |
| Sixt SIX2.DE | Germany | $3.67B | +4% | +7% | 15% | 1.67× | 15.8% | 15.0% |
| Mizuho Leasing 8425.T | Japan | $2.45B | -13% | +16% | 13% | 0.77× | 6.0% | 13.3% |
| Capri Global Capital CGCL.NS | India | $2.44B | +20% | +53% | 18% | 2.90× | 21.5% | 17.9% |
| UWM UWMC | United States | $2.44B | -56% | +16% | 2% | 2.67× | 32.8% | 2.1% |
McGrath RentCorp reported $38.3M of remaining performance obligations at 30 Sep 2025, down 43% from a year earlier and down 13% from the previous quarter. That is 0.0 years of trailing revenue already under contract. Book-to-bill last quarter: 0.98.