Mcgrath RentcorpMGRC
What Mcgrath Rentcorp does.
McGrath RentCorp (the “Company”) is a California corporation organized in 1979 with corporate offices located in Livermore, California. The Company’s common stock is traded on the NASDAQ Global Select Market under the symbol “MGRC”. References in this report to the “Company”, “we”, “us”, and “ours” refer to McGrath RentCorp and its subsidiaries, unless the context requires otherwise.
The Company is a diversified business-to-business rental company with three rental divisions: relocatable modular buildings, portable storage containers and electronic test equipment. Although the Company’s primary emphasis is on equipment rentals, sales of equipment occur in the normal course of business. At December 31, 2025, the Company was comprised of four reportable business segments: (1) its modular building segment (“Mobile Modular”); (2) its portable storage container segment (“Portable Storage”); (3) its electronic test equipment segment (“TRS-RenTelco”); and (4) its classroom manufacturing business selling modular buildings used primarily as classrooms in California (“Enviroplex”).
As previously disclosed, on January 28, 2024, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”), with WillScot Mobile Mini Holdings Corp., a Delaware corporation ("WillScot Mobile Mini”), Brunello Merger Sub I, Inc., a California corporation and a direct wholly owned subsidiary of WillScot Mobile Mini, and Brunello Merger Sub II, LLC, a Delaware limited liability company and direct wholly owned subsidiary of WillScot Mobile Mini. On September 17, 2024, the Company and WillScot Mobile Mini mutually agreed to terminate the Merger Agreement, effective upon WillScot Mobile Mini's cash payment of $180.0 million to the Company, which was received on September 20, 2024.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $572.6M | $534.6M | $635.7M | $831.8M | $910.9M | $944.2M |
| Net income | $102.0M | $89.7M | $115.1M | $174.6M | $231.7M | $156.3M |
| Free cash flow | $166.8M | $193.1M | $176.8M | $51.4M | $334.1M | $211.3M |
More on MGRC.
- Mcgrath Rentcorp summary
- Mcgrath Rentcorp financial statements
- Mcgrath Rentcorp key metrics
- Mcgrath Rentcorp health scores and style box
- Mcgrath Rentcorp earnings
- Mcgrath Rentcorp dividends
- Mcgrath Rentcorp valuation
- Mcgrath Rentcorp ownership and insiders
- Mcgrath Rentcorp peers
Figures from Mcgrath Rentcorp's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.