McGrath RentCorp
Rents modular buildings, portable storage containers, and electronic test equipment to businesses and schools.
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Profile
Rents modular buildings, portable storage containers, and electronic test equipment to businesses and schools, with related services and equipment sales supplementing recurring rental revenue. A long-lived fleet and regional service centers make utilization, maintenance, redeployment, and customer construction and education activity central to results.
Rents and sells relocatable modular buildings through Mobile Modular, temporary storage and office containers through Portable Storage, and general-purpose and communications test equipment through TRS-RenTelco. Enviroplex manufactures modular classrooms for California education customers. Operations are concentrated across the United States, with the test-equipment business also serving Canada and limited international demand.
Earns most revenue from rentals and related delivery, installation, and return services, while equipment sales rotate units out of the fleet and supply permanent projects. Regional inventory centers customize, repair, refurbish, and redeploy modular units and containers; centralized laboratories calibrate test instruments and support rapid fulfillment. Results depend on fleet utilization, disciplined maintenance and purchasing, school and construction activity, technology cycles in customer industries, and compliance with changing building codes.
Company facts
Key statistics
Year to date +6.7% · Average volume (30d) 153.0K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Feb 11, 2026 | Barclays | Target | $140 | ||
| Sep 18, 2025 | Oppenheimer | Reiterate | Outperform | $120 | $143 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q2 FY26 | $1.47 | $1.37 | −6.8% | $236.5M | $221.1M | −6.5% | −1.71% |
| Apr 29, 2026Q1 FY26 | $1.13 | $1.10 | −2.7% | $198.2M | $198.5M | +0.2% | −6.94% |
| Feb 25, 2026Q4 FY25 | $1.74 | $2.02 | +16.1% | $254.3M | $256.8M | +1.0% | −0.66% |
| Oct 23, 2025Q3 FY25 | $1.83 | $1.72 | −6.0% | $254.3M | $256.4M | +0.8% | −4.88% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $195.4M | $235.6M | $256.4M | $256.8M | $198.5M | $221.1M | |
| Gross profit | $91.5M | $105.8M | $114.1M | $123.4M | $91.8M | $107.9M | |
| Operating income | $45.6M | $57.2M | $66.8M | $74.4M | $43.5M | $53.3M | |
| Net income | $28.2M | $36.0M | $42.3M | $49.8M | $27.0M | $33.7M | |
| Diluted EPS | $1.15 | $1.46 | $1.72 | $2.02 | $1.10 | $1.37 | |
| Gross margin | 46.8% | 44.9% | 44.5% | 48.0% | 46.2% | 48.8% | |
| Operating margin | 23.3% | 24.3% | 26.1% | 29.0% | 21.9% | 24.1% |
Fiscal years (4-quarter sums)FY21 $616.8M · FY22 $635.7M · FY23 $831.8M · FY24 $910.9M · FY25 $944.2M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $4.4M · Total debt $589.9M · Total assets $2.50B · Shareholders' equity $1.25B
Dividends
Raised for 34 straight years — most recently to $0.495 from $0.485 in Apr 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 17, 2026 | Jul 17 | Jul 31 | $0.495 | |
| Apr 16, 2026 | Apr 16 | Apr 30 | $0.495 | raised from $0.485 |
| Jan 16, 2026 | Jan 16 | Jan 30 | $0.485 | |
| Oct 17, 2025 | Oct 17 | Oct 31 | $0.485 | |
| Jul 17, 2025 | Jul 17 | Jul 31 | $0.485 | |
| Apr 16, 2025 | Apr 16 | Apr 30 | $0.485 | raised from $0.475 |
| Jan 17, 2025 | Jan 17 | Jan 31 | $0.475 | |
| Oct 17, 2024 | Oct 17 | Oct 31 | $0.475 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 24.43M · Float 24.09M · 98.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 2.09M | 8.55% | 13F | Aug 7, 2026 |
| River Road Asset Management, LLC | 2.05M | 8.38% | 13F | Jul 17, 2026 |
| Vanguard Portfolio Management LLC | 1.42M | 5.83% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 1.11M | 4.53% | 13F | Aug 13, 2026 |
| Dimensional Fund Advisors LP | 975.1K | 3.99% | 13F | Aug 11, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 18, 2026 | Tara Wescott | officer: SVP, Chief HR Officer | −1,325 | $122.00 |
| Aug 11, 2026 | Philip B. Hawkins | officer: President and CEO | −4,435 | $120.91 |
| Aug 11, 2026 | John P. Skenesky | officer: VP and Division Manager | −2,000 | $120.41 |
| Jul 1, 2026 | Joseph F. Hanna | director | −7,500 | $120.64 |
| Jun 26, 2026 | John Lieffrig | officer: VP and Division Manager | −500 | $125.00 |
Peers
- WillScot
Dominant modular-space and portable-storage public peer
- United Rentals
Broad rental platform with storage and modular-office overlap
- Transcat
Public test-equipment rental and calibration peer
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| McGrath RentCorp | $112.28 | 0.00% | $2.74B | 18.1 | 17.5 | 2.9 | −6.2% |
| WillScot | $20.90 | 0.00% | $3.78B | — | 17.9 | 1.6 | +3.9% |
| United Rentals | $1,030.25 | +0.02% | $64.13B | 24.9 | 19.6 | 3.8 | +11.8% |
| Transcat | $85.85 | +0.25% | $803.5M | 232.0 | 44.3 | 2.3 | +21.6% |
| Median | 128.5 | 19.6 | 2.3 | +11.8% |