The financials
McGrath RentCorp by the numbers
McGrath RentCorp (MGRC) reported revenue of $221M in Q2 2026 (quarter ended June 30, 2026), down 6.2% from the same quarter a year earlier. That came with a gross margin of 49% and net income of $34M (15% of revenue). For the full year FY2025, revenue was $944M (+3.7% year on year) and net income $156M. Its largest product in 2026-Q2 was Non Lease at $38M, 49% of the disclosed total, just ahead of Non Lease Sales at 40%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $221M | $236M | −6.2% |
| Gross profit | $108M | $111M | −2.5% |
| Operating income | $53M | $57M | −6.8% |
| Net income | $34M | $36M | −6.4% |
| Diluted EPS | $1.37 | $1.46 | −6.2% |
| Product | Revenue | Share |
|---|---|---|
| Non Lease | $38M | 49% |
| Non Lease Sales | $31M | 40% |
| Non Lease Rental Related Services | $6.7M | 8.6% |
| Product And Service Other | $2.3M | 2.9% |
| Non Lease Other | $12K | 0.0% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $78.1M (+41%)
Product And Service Other grew -4.8% year on yearNon Lease Other -66% year on year
Segment Latestquarter on quarteryear on year
- Non Lease$37.9M$37.9MQoQ +42%year on year -21%+42%-21%
- Non Lease Sales$31.2M$31.2MQoQ +49%year on year -23%+49%-23%
- Non Lease Rental Related Services$6.7M$6.7MQoQ +18%year on year -10%+18%-10%
- Product And Service Other$2.3M$2.3MQoQ -0.57%year on year -4.8%-0.57%-4.8%
- Non Lease Other$12.0K$12.0KQoQ -73%year on year -66%-73%-66%
Rental & Leasing Services
Ranks #12 of 15 by Smart Score