MGRC
McGrath RentCorp
MGRC's fundamentals are mixed, but it looks expensive: trading at 20x earnings, above its usual 18x. Analysts expect earnings growth.
MGRC Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Strong | |
| Strong |
MGRC's profitability, cash flow and balance sheet are currently strong, and its revenue is stable.
MGRC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 13x | $86.10 | -34% |
| Fair | 18x | $118 | -9.3% |
| Current | 20x | $130 | — |
| Forward | 20x | $130 | — |
| Expensive | 21x | $138 | +6.1% |
Historical ranges are pointers, not guarantees.
MGRC's PE is in its expensive range at 20.0x. On analysts' estimates for next year's earnings, today's price would be 20.0x.
MGRC Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Stable | |
| Improving | |
| Limited | |
| High |
Analysts expect MGRC's earnings to grow and its profitability to improve, with its revenue holding steady.
MGRC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.51 | +0.3% |
| Q3 2026 | $6.49 | +9.8% |
| Q2 2026 | $6.21 | -40% |
| Q1 2026 | $6.30 | -35% |
| Q4 2025 | $6.35 | -33% |
| Q3 2025 | $5.91 | -35% |
| Q2 2025 | $10.27 | +118% |
| Q1 2025 | $9.65 | +88% |
| Q4 2024 | $9.43 | +32% |
MGRC's earnings per share have fallen from their peak: $6.49 over the past year, against $10.27 in mid-2025.
MGRC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $274.6M | +7.1% |
| Q2 2026 | $221.1M | -6.2% |
| Q1 2026 | $198.5M | +1.6% |
| Q4 2025 | $256.8M | +5.3% |
| Q3 2025 | $256.4M | -3.9% |
| Q2 2025 | $235.6M | +11% |
| Q1 2025 | $195.4M | +4% |
| Q4 2024 | $243.7M | +10% |
MGRC's revenue grew through 2024 and has held roughly level since: $275M last quarter, up 7.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 27% | +0.9 points |
| Q2 2026 | 24% | -0.2 points |
| Q1 2026 | 22% | -1.5 points |
| Q4 2025 | 29% | +3 points |
| Q3 2025 | 26% | -2 points |
| Q2 2025 | 24% | +4.5 points |
| Q1 2025 | 23% | +0.6 points |
| Q4 2024 | 26% | +0.8 points |
MGRC's operating margin was 27% last quarter, up 0.9 points from the same quarter a year ago.
MGRC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $53.7M | +0.5% |
| Q2 2026 | $52M | +36% |
| Q1 2026 | $34.3M | -31% |
| Q4 2025 | $69.8M | +114% |
| Q3 2025 | $53.5M | -72% |
| Q2 2025 | $38.2M | -49% |
| Q1 2025 | $49.9M | +46% |
| Q4 2024 | $32.6M | +$83.7M |
MGRC still generates free cash flow, though less than at its 2024 peak: $210M over the past year.
MGRC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -43K shares |
| 1 year | -0.8% | -193K shares |
| 3 years | -0.3% | -74K shares |
| 5 years | -0.2% | -56K shares |
| Available history | -1% | -246K shares |
MGRC has 24M diluted shares, down 0.8% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $6.8M |
| Q2 2026 | $15.5M |
| Q1 2026 | $11.9M |
| Q4 2020 | — |
| Q3 2020 | $116,000 |
| Q2 2020 | $5.6M |
| Q1 2020 | $7.9M |
MGRC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.0x | Very low |
| Q2 2026 | -0.0x | Net Cash |
| Q1 2026 | -0.0x | Net Cash |
| Q4 2025 | -0.0x | Very low |
| Q3 2025 | -0.0x | Net Cash |
| Q2 2025 | -0.0x | Very low |
| Q1 2025 | -0.0x | Net Cash |
| Q4 2024 | -0.0x | Very low |
MGRC has more cash than debt.
MGRC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 66.0 | Neutral |
| Stochastic | 69.4 | Neutral |
MGRC's weekly RSI is 66 (neutral) and its Stochastic is 69 (neutral).
MGRC PE vs Industrials Sector
| Metric | MGRC | Sector median | Relative |
|---|---|---|---|
| PE | 20x | 24x | 17% below |
| PE % | 68 | 58 | 10 pts above |
MGRC is trading at 20x earnings, a 17% discount to the Industrials sector's median of 24x.
MGRC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $118.5 | 9.7% above |
| 20 week MA | $117.0 | 11% above |
| 50 week MA | $113.5 | 14% above |
| 100 week MA | $114.1 | 14% above |
| 200 week MA | $109.9 | 18% above |
MGRC is in an uptrend: it's above all five of its weekly moving averages, and 18% above its 200-week average.
MGRC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $77.5 | $64.2 | -17% |
| 2021 | $64.2 | $79.6 | +24% |
| 2022 | $79.6 | $98.0 | +23% |
| 2023 | $98.0 | $119.6 | +22% |
| 2024 | $119.6 | $110.8 | -7.4% |
| 2025 | $110.8 | $108.1 | -2.5% |
| 2026 YTD | $108.1 | $130.0 | +20% |
MGRC has finished lower in three of the last six years. It's up 20% so far in 2026.