A Business at a Glance
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MCGRATH RENTCORP
MGRC
$2.9B
Mkt Cap
$119.76
+0.67%
MCGRATH RENTCORP (MGRC) has a current P/E ratio of 18.9, compared to its historical median P/E of 16.6. The stock is currently considered Fair based on its historical valuation range.
MCGRATH RENTCORP (MGRC) has a 5-year average return on invested capital (ROIC) of 7.8%. This is below average and may indicate limited pricing power.
MCGRATH RENTCORP (MGRC) has a market capitalization of $2.9B. It is classified as a mid-cap stock.
Yes, MCGRATH RENTCORP (MGRC) pays a dividend with a trailing twelve-month yield of 1.64%.
Based on historical P/E analysis, MCGRATH RENTCORP (MGRC) appears fair. The current P/E of 18.9 is 14% above its historical median of 16.6. The estimated fair value CAGR (P/E method) is 13.4%.
MCGRATH RENTCORP (MGRC) operates in the Services-Equipment Rental & Leasing, Nec industry, within the Industrials sector.
MCGRATH RENTCORP (MGRC) reported annual revenue of $944 million in its most recent fiscal year, based on SEC EDGAR filings.
MCGRATH RENTCORP operates in the Services-Equipment Rental & Leasing, Nec industry, Industrials sector. Full business description from SEC filing not yet available.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 947M | 944M | 911M | 832M | 636M | 535M |
| Net Income | 155M | 156M | 232M | 175M | 115M | 90M |
| EPS | $6.31 | $6.35 | $9.43 | $7.12 | $4.70 | $3.66 |
| Free Cash Flow | 196M | 69M | 143M | -178M | -11M | 79M |
| ROIC | 9.9% | 8.2% | 8.0% | 7.6% | 7.8% | 7.4% |
| Gross Margin | 48.1% | 48.2% | 47.8% | 47.3% | 45.7% | 46.3% |
| Debt/Equity | 0.44 | 0.71 | 1.02 | 1.40 | 0.86 | 0.91 |
| Dividends/Share | $1.97 | $1.94 | $1.90 | $1.86 | $1.82 | $1.74 |
| Operating Income | 241M | 244M | 244M | 190M | 147M | 124M |
| Operating Margin | 25.5% | 25.8% | 26.8% | 22.8% | 23.2% | 23.2% |
| ROE | 12.5% | 13.2% | 22.5% | 20.1% | 15.0% | 12.7% |
| Shares Outstanding | 25M | 25M | 25M | 25M | 24M | 25M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 408M | 405M | 424M | 462M | 498M | 570M | 573M | 535M | 636M | 832M | 911M | 944M | 947M |
| Gross Margin | 44.6% | 43.7% | 43.4% | 44.7% | 46.8% | 46.7% | 46.1% | 46.3% | 45.7% | 47.3% | 47.8% | 48.2% | 48.1% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 97M | 100M | 105M | 112M | 116M | 125M | 123M | 123M | 143M | 208M | 200M | 211M | 214M |
| EBIT | 85M | 77M | 79M | 95M | 117M | 141M | 141M | 124M | 147M | 190M | 244M | 244M | 241M |
| Op. Margin | 20.9% | 19.0% | 18.7% | 20.5% | 23.6% | 24.8% | 24.6% | 23.2% | 23.2% | 22.8% | 26.8% | 25.8% | 25.5% |
| Net Income | 46M | 40M | 38M | 154M | 79M | 97M | 102M | 90M | 115M | 175M | 232M | 156M | 155M |
| Net Margin | 11.2% | 10.0% | 9.0% | 33.3% | 15.9% | 17.0% | 17.8% | 16.8% | 18.1% | 21.0% | 25.4% | 16.6% | 16.4% |
| Non-Recurring | 812K | 0 | 0 | 1.6M | 0 | 0 | 0 | 0 | 0 | 3.6M | 9.3M | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 6.8% | 5.9% | 5.9% | 9.7% | 8.5% | 9.6% | 9.9% | 7.4% | 7.8% | 7.6% | 8.0% | 8.2% | 9.9% |
| ROE | 11.1% | 10.1% | 9.9% | 33.5% | 14.5% | 16.1% | 15.5% | 12.7% | 15.0% | 20.1% | 22.5% | 13.2% | 12.5% |
| ROA | 4.3% | 3.6% | 3.4% | 13.5% | 6.7% | 7.7% | 7.9% | 6.2% | 7.0% | 8.9% | 10.3% | 6.7% | 6.5% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 123M | 144M | 141M | 122M | 143M | 188M | 181M | 196M | 194M | 95M | 374M | 256M | 244M |
| Free Cash Flow | 110M | 135M | 51M | 13M | 3.9M | 8.2M | 80M | 79M | -11M | -178M | 143M | 69M | 196M |
| Owner Earnings | 38M | 57M | 56M | 41M | 57M | 93M | 80M | 81M | 75M | -22M | 257M | 137M | 124M |
| CapEx | 13M | 9.3M | 90M | 109M | 139M | 180M | 100M | 117M | 205M | 274M | 231M | 187M | 48M |
| Maint. CapEx | 81M | 84M | 81M | 78M | 82M | 89M | 95M | 107M | 111M | 109M | 107M | 107M | 108M |
| Growth CapEx | 0 | 0 | 8.4M | 31M | 57M | 90M | 5.4M | 10M | 94M | 164M | 124M | 80M | 0 |
| D&A | 81M | 84M | 81M | 78M | 82M | 89M | 95M | 107M | 111M | 109M | 107M | 107M | 108M |
| CapEx/OCF | 10.4% | 6.5% | 63.7% | 89.2% | 97.2% | 95.6% | 55.4% | 59.7% | 105.6% | 287.0% | 61.8% | 73.1% | 19.8% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 26M | 26M | 24M | 25M | 31M | 36M | 40M | 42M | 44M | 46M | 47M | 48M | 48M |
| Dividend Yield | 3.7% | 4.4% | 4.3% | 3.2% | 2.7% | 2.6% | 2.9% | 2.4% | 2.3% | 2.0% | 1.7% | 1.7% | 1.6% |
| Share Buybacks | 0 | 64M | 0 | 0 | 0 | 0 | 14M | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | 12.2% | N/A | N/A | N/A | N/A | 0.9% | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 3.9M | 3.4M | 3.1M | 3.2M | 4.1M | 5.9M | 5.5M | 7.7M | 8.0M | 8.3M | 9.5M | 11M | 12M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | 478M | 557M | 540M | 500M | 502M | 492M | 392M | 664M | 689M | 1.3B | 1.1B | 876M | 544M |
| Cash & Equiv. | 1.2M | 1.1M | 852K | 2.5M | 1.5M | 2.3M | 1.2M | 1.5M | 957K | 877K | 807K | 295K | 2.4M |
| Long-Term Debt | 288M | 321M | 326M | 303M | 299M | 293M | 223M | 426M | 414M | 763M | 590M | 515M | 546M |
| Debt/Equity | 1.13 | 1.47 | 1.37 | 0.96 | 0.88 | 0.78 | 0.58 | 0.91 | 0.86 | 1.40 | 1.02 | 0.71 | 0.44 |
| Interest Coverage | 9.2 | 7.6 | 6.5 | 8.2 | 9.6 | 11.5 | 16.0 | 15.1 | 12.0 | 4.7 | 5.2 | 8.0 | 8.3 |
| Equity | 425M | 380M | 394M | 524M | 572M | 634M | 683M | 732M | 804M | 934M | 1.1B | 1.2B | 1.2B |
| Total Assets | 1.1B | 1.2B | 1.1B | 1.1B | 1.2B | 1.3B | 1.3B | 1.6B | 1.7B | 2.2B | 2.3B | 2.4B | 2.4B |
| Total Liabilities | 692M | 773M | 734M | 624M | 646M | 676M | 593M | 864M | 904M | 1.3B | 1.2B | 1.1B | 1.1B |
| Intangibles | 10M | 9.5M | 8.6M | 7.7M | 7.3M | 7.3M | 7.1M | 47M | 35M | 65M | 54M | 47M | 44M |
| Retained Earnings | 318M | 279M | 293M | 421M | 468M | 528M | 576M | 623M | 694M | 823M | 1.0B | 1.1B | 1.1B |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | 71M | 72M | 78M | 86M | 91M | 109M | 108M | 136M | 151M | 168M | 114M | 115M | 110M |
| Per Share Data | |||||||||||||
| EPS | 1.75 | 1.59 | 1.60 | 6.34 | 3.24 | 3.93 | 4.16 | 3.66 | 4.70 | 7.12 | 9.43 | 6.35 | 6.31 |
| Owner EPS | 1.46 | 2.22 | 2.36 | 1.68 | 2.31 | 3.76 | 3.28 | 3.32 | 3.06 | -0.91 | 10.48 | 5.58 | 5.06 |
| Book Value | 16.25 | 14.92 | 16.49 | 21.59 | 23.32 | 25.74 | 27.84 | 29.87 | 32.82 | 38.07 | 45.71 | 50.25 | 50.36 |
| Cash Flow/Share | 4.71 | 5.67 | 5.89 | 5.04 | 5.82 | 7.63 | 7.36 | 7.99 | 7.94 | 3.89 | 15.23 | 10.39 | 10.74 |
| Dividends/Share | 0.98 | 1.00 | 1.02 | 1.04 | 1.36 | 1.50 | 1.68 | 1.74 | 1.82 | 1.86 | 1.90 | 1.94 | 1.97 |
| Shares Out. | 26.1M | 25.5M | 23.9M | 24.3M | 24.5M | 24.6M | 24.5M | 24.5M | 24.5M | 24.5M | 24.6M | 24.6M | 24.6M |
| Valuation | |||||||||||||
| P/E Ratio | 16.0 | 12.9 | 19.8 | 6.2 | 13.5 | 17.3 | 14.2 | 20.1 | 19.6 | 16.2 | 11.5 | 16.9 | 19.0 |
| P/FCF | 6.6 | 3.9 | 14.8 | 72.8 | 272.3 | 204.4 | 17.9 | 22.9 | N/A | N/A | 18.7 | 38.5 | 15.0 |
| EV/EBIT | 11.3 | 10.6 | 12.3 | 12.2 | 10.8 | 13.3 | 11.5 | 16.4 | 17.2 | 18.9 | 13.3 | 13.0 | 14.4 |
| Price/Book | 1.7 | 1.4 | 1.9 | 1.8 | 1.9 | 2.6 | 2.1 | 2.5 | 2.8 | 3.0 | 2.4 | 2.1 | 2.4 |
| Price/Sales | 1.7 | 1.4 | 1.3 | 1.7 | 2.3 | 2.4 | 2.4 | 3.2 | 3.0 | 2.8 | 3.0 | 3.0 | 3.1 |
| FCF Yield | 15.1% | 25.8% | 6.7% | 1.4% | 0.4% | 0.5% | 5.6% | 4.4% | -0.5% | -6.3% | 5.4% | 2.6% | 6.7% |
| Market Cap | 732M | 523M | 759M | 960M | 1.1B | 1.7B | 1.4B | 1.8B | 2.3B | 2.8B | 2.7B | 2.6B | 2.9B |
| Avg. Price | 26.62 | 22.94 | 23.66 | 32.14 | 46.97 | 54.67 | 55.28 | 70.65 | 78.82 | 93.45 | 109.73 | 113.30 | 119.76 |
| Year-End Price | 28.02 | 20.54 | 31.73 | 39.54 | 43.69 | 68.14 | 58.89 | 73.68 | 92.33 | 115.31 | 108.47 | 107.58 | 119.76 |
MCGRATH RENTCORP passes 4 of 9 quality checks, suggesting mixed fundamentals.
MCGRATH RENTCORP trades at 18.9x trailing earnings, compared to its 15-year median P/E of 16.6x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 13.9x vs a median of 20.8x. The company's 5-year average ROIC is 7.8% with a gross margin of 47.0%. Total shareholder yield (dividends) is 1.6%. At current prices, the estimated annualized return to fair value is +53.8%.
MCGRATH RENTCORP (MGRC) has a net profit margin of 16.6%. This is a healthy margin.
MCGRATH RENTCORP (MGRC) generated $69 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
MCGRATH RENTCORP (MGRC) has a debt-to-equity ratio of 0.71. This indicates moderate leverage.
MCGRATH RENTCORP (MGRC) reported earnings per share (EPS) of $6.35 in its most recent fiscal year.
MCGRATH RENTCORP (MGRC) has a return on equity (ROE) of 13.2%. This indicates moderate shareholder returns.
MCGRATH RENTCORP (MGRC) has a 5-year average gross margin of 47.0%. This indicates decent pricing power.
The Ledger Terminal provides 17 years of financial data for MCGRATH RENTCORP (MGRC), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
MCGRATH RENTCORP (MGRC) has a book value per share of $50.25, based on its most recent annual SEC filing.