McGrath RentCorp
NASDAQ: MGRC · INDUSTRIALS · RENTAL & LEASING SERVICES
Updated 2026-06-05
McGrath RentCorp (MGRC) Financial statements
SEC filings — annual and quarterly data.
Balance sheet — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $595.73M | $653.73M | $795.08M | $769.07M | $834.91M | $959.07M | $972.45M | $1.02B | $1.12B | $1.15B | $1.13B | $1.15B | $1.22B | $1.31B | $1.28B | $1.60B | $1.71B | $2.27B | $2.31B | $2.36B |
| Cash & equivalents | $349000.00 | $5.09M | $1.32M | $1.19M | $990000.00 | $1.23M | $1.61M | $1.63M | $1.17M | $1.10M | $852000.00 | $2.50M | $1.51M | $2.34M | $1.24M | $1.49M | $957000.00 | $877000.00 | $807000.00 | $295000.00 |
| Current assets | $60.18M | $72.15M | $95.26M | $78.03M | $83.61M | $93.90M | $113.38M | $89.28M | $143.88M | $107.37M | $97.73M | $108.37M | $122.52M | $130.44M | $124.55M | $160.99M | $190.98M | $228.25M | $234.45M | $240.19M |
| Total liabilities | $361.46M | $409.69M | $545.20M | $501.66M | $539.93M | $625.92M | $607.71M | $618.53M | $691.88M | $773.02M | $733.99M | $623.67M | $645.78M | $675.84M | $593.14M | $863.90M | $903.90M | $1.33B | $1.18B | $1.12B |
| Current liabilities | $70.25M | $219.50M | $338.50M | $63.89M | $85.40M | $58.85M | $79.14M | $87.32M | $100.50M | $108.23M | $115.70M | $125.63M | $140.55M | $164.14M | $154.31M | $195.03M | $243.25M | $167.52M | $174.04M | $176.83M |
| Long-term debt | $150.81M | $33.87M | $22.48M | $247.33M | $265.64M | $296.50M | $302.00M | $290.00M | $322.48M | $381.28M | $326.27M | $303.41M | $298.56M | $293.43M | $222.75M | $426.45M | $413.74M | $762.98M | $590.21M | $249.97M |
| Shareholder equity | $230.79M | $244.03M | $249.88M | $267.41M | $294.98M | $333.14M | $364.74M | $401.03M | $424.53M | $379.69M | $394.29M | $524.18M | $571.53M | $634.04M | $682.60M | $732.02M | $803.95M | $933.80M | $1.12B | $1.24B |
| Retained earnings | $196.83M | $202.11M | $204.13M | $216.54M | $231.35M | $258.26M | $279.40M | $298.04M | $318.16M | $278.71M | $292.52M | $421.40M | $467.78M | $527.75M | $576.42M | $623.47M | $693.94M | $822.80M | $1.01B | $1.12B |
| Accounts receivable | $59.83M | $67.06M | $93.94M | $76.85M | $82.62M | $92.67M | $92.26M | $87.65M | $101.29M | $106.26M | $96.88M | $105.87M | $121.02M | $128.10M | $123.32M | $159.50M | $190.02M | $227.37M | $219.34M | $231.87M |
| Inventory | — | — | — | — | — | $0.00 | $0.00 | $-19.72M | $1.00 | $-28.72M | $-25.58M | $-22.46M | $-31.82M | $2.00 | $1.00 | $1.00 | $-59.83M | $15.43M | $14.30M | $8.03M |
| Goodwill | — | — | $27.46M | $27.66M | $27.70M | $27.70M | $27.70M | $27.70M | $27.81M | $27.81M | $27.81M | $27.81M | $27.81M | $28.20M | $28.20M | $132.39M | $132.31M | $323.22M | $323.22M | $332.58M |
Frequently asked questions
What is McGrath RentCorp's revenue?
McGrath RentCorp's trailing twelve-month revenue is $947.36M. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is MGRC?
In its most recent fiscal year, MGRC ran a gross margin of 46.05%, an operating margin of 25.85%, and a net margin of 16.55%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does MGRC generate?
MGRC produced $211.30M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is MGRC's balance sheet healthy?
MGRC holds $295000.00 in cash and equivalents against $249.97M in long-term debt, on $1.24B of shareholder equity. That debt is best read against the cash flow the business throws off each year.