McGrath RentCorp
McGrath RentCorp (MGRC) Financial Performance & Income Statement Overview
Explore the financials of McGrath RentCorp (MGRC), including yearly and quarterly data on income, cash flow, and balance sheets.
McGrath RentCorp (MGRC) Income Statement & Financial Overview
Explore comprehensive income reports for McGrath RentCorp MGRC, broken down by year and quarter.
| Metric | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|
| Revenue | $195.42M | $243.75M | $266.76M | $212.61M |
| Cost of Revenue | $98.98M | $128.99M | $142.78M | $113.97M |
| Gross Profit | $96.44M | $114.76M | $123.98M | $98.64M |
| Gross Profit Ratio | $0.49 | $0.47 | $0.46 | $0.46 |
| R&D Expenses | $0.00 | $0.00 | $0.00 | $0.00 |
| SG&A Expenses | $50.87M | $61.27M | $49.30M | $44.22M |
| Operating Expenses | $50.87M | $51.67M | $49.30M | $44.22M |
| Total Costs & Expenses | $149.85M | $180.66M | $192.08M | $158.20M |
| Interest Income | $0.00 | $0.00 | $0.00 | $0.00 |
| Interest Expense | $8.16M | $8.86M | $12.64M | $13.04M |
| Depreciation & Amortization | $26.40M | $2.27M | $26.69M | $26.94M |
| EBITDA | $71.97M | $87.45M | $242.16M | $68.96M |
| EBITDA Ratio | $0.37 | $0.36 | $0.91 | $0.32 |
| Operating Income | $45.57M | $63.09M | $74.68M | $54.41M |
| Operating Income Ratio | $0.23 | $0.26 | $0.28 | $0.26 |
| Other Income/Expenses (Net) | -$8.15M | -$11.13M | $128.14M | -$13.07M |
| Income Before Tax | $37.41M | $51.96M | $202.82M | $28.98M |
| Income Before Tax Ratio | $0.19 | $0.21 | $0.76 | $0.14 |
| Income Tax Expense | $9.21M | $13.009M | $53.50M | $8.36M |
| Net Income | $28.21M | $38.95M | $149.32M | $20.62M |
| Net Income Ratio | $0.14 | $0.16 | $0.56 | $0.10 |
| EPS | $1.15 | $1.59 | $6.08 | $0.84 |
| Diluted EPS | $1.15 | $1.58 | $6.08 | $0.84 |
| Weighted Avg Shares Outstanding | $24.57M | $24.55M | $24.55M | $24.55M |
| Weighted Avg Shares Outstanding (Diluted) | $24.62M | $24.59M | $24.57M | $24.56M |
Financial performance has remained strong, with revenue growing from $212.61M in Q2 2024 to $195.42M in Q1 2025. Gross profit continued to perform well, with margins at 49% in the latest quarter. Operating income reached $45.57M in Q1 2025, holding a steady 23% margin. While R&D and SG&A expenses fluctuated, EBITDA remained robust at $71.97M. Net income dropped to $28.21M, keeping EPS at $1.15. With disciplined cost control and operational efficiency, the company supported consistent profitability, reflecting its ability to deliver stable shareholder value.
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