McGrath RentCorp

NasdaqGS:MGRC Stock Report

Market Cap: US$2.8b

McGrath RentCorp Future Growth

Future criteria checks 1/6

McGrath RentCorp is forecast to grow earnings and revenue by 6.6% and 3.6% per annum respectively while EPS is expected to grow by 6.7% per annum.

Key information

6.6%

Earnings growth rate

6.75%

EPS growth rate

Trade Distributors earnings growth14.4%
Revenue growth rate3.6%
Future return on equityn/a
Analyst coverage

Low

Last updated01 May 2026

Recent future growth updates

Recent updates

Seeking Alpha • Mar 18

McGrath RentCorp Remains Attractive Despite Its Plunge

Summary McGrath RentCorp maintains a soft "Buy" rating, supported by resilient revenue growth and ongoing strategic initiatives despite recent share price underperformance. Q4 2025 delivered 5.4% revenue growth and broad-based profitability gains, reversing prior year-over-year margin contraction trends. Mobile Modular and TRS-RenTelco segments drove top-line and profit expansion, with pricing power offsetting lower asset utilization rates. 2026 guidance calls for revenue of $945–$995 million and EBITDA of $360–$378 million, positioning MGRC for continued steady growth. Read the full article on Seeking Alpha
Narrative Update • Feb 06

MGRC: Leadership Transition And Steady Assumptions Will Support Future Upside Potential

Analysts have reaffirmed their fair value estimate for McGrath RentCorp at $147.00 per share, citing only minor adjustments to assumptions such as the discount rate and future P/E as the reason for maintaining the target. What's in the News McGrath RentCorp appointed Executive Vice President and Chief Operating Officer Philip B.
Analysis Article • Feb 06

Investor Optimism Abounds McGrath RentCorp (NASDAQ:MGRC) But Growth Is Lacking

It's not a stretch to say that McGrath RentCorp's ( NASDAQ:MGRC ) price-to-earnings (or "P/E") ratio of 20.3x right now...
Narrative Update • Jan 23

MGRC: Stable Assumptions And Steady Metrics Will Underpin Future Upside Potential

Analysts have maintained their price target for McGrath RentCorp at $147, citing largely unchanged assumptions regarding fair value, discount rate, revenue growth, profit margin and future P/E. Valuation Changes Fair Value: Unchanged at $147.0 per share, indicating no adjustment to the core valuation estimate.
Narrative Update • Jan 09

MGRC: Stable Guidance And Buyback Track Record Will Support Future Resilience

Analysts have maintained their fair value estimate for McGrath RentCorp at about $147.00. They cited only minor adjustments to assumptions such as the discount rate, long term revenue growth, profit margin, and future P/E, which were not significant enough to alter their overall price target view.
Narrative Update • Dec 23

MGRC: Multi Year Rental Visibility Will Support Stronger EBITDA Resilience

Analysts have nudged their price target on McGrath RentCorp slightly higher to approximately $147.00, citing modest improvements in discount rate assumptions as well as stable expectations for revenue growth, profit margins, and future valuation multiples. What's in the News McGrath RentCorp reported that from July 1, 2025 to September 30, 2025, it repurchased 0 shares for $0 million, and confirmed it has completed a cumulative buyback of 2,690,195 shares, representing 10.54% of shares outstanding for $77.62 million under its May 15, 2008 authorization (company filing) The company raised its full year 2025 total revenue guidance to a range of $935 million to $955 million, compared with prior guidance of $925 million to $960 million, indicating slightly higher confidence in top line performance (company guidance update) Valuation Changes Fair Value Estimate: Unchanged at approximately $147.00 per share, reflecting stable overall valuation assumptions.
Narrative Update • Dec 08

MGRC: Multi Year Rental Visibility Will Support Stronger EBITDA Resilience

Analysts have modestly lifted their price target for McGrath RentCorp to $147 from $144, citing expectations for resilient multi year EBITDA growth supported by Mobile Modular rental expansion, improving visibility on revenue per unit, and stabilizing performance in smaller segments. Analyst Commentary Bullish analysts highlight that the updated valuation reflects confidence in McGrath RentCorp’s ability to sustain adjusted EBITDA growth over a multi year horizon, underpinned by its core Mobile Modular rental platform and improving trends in adjacent businesses.
Seeking Alpha • Mar 31

McGrath RentCorp: An Attractive Way To Capture Strong Returns

Summary McGrath RentCorp remains a 'Buy' due to its solid financial performance, attractive pricing, and potential for growth despite a failed merger with WillScot Holdings. The Mobile Modular segment drove significant revenue growth from $379.2 million in 2022 to $635.4 million in 2024, showcasing strong investment in rental equipment. Despite weaker performance in the Portage Storage and TRS-RenTelco segments, overall profitability metrics like net income and operating cash flow have more than doubled. For 2025, management expects modest revenue growth and stable EBITDA, indicating continued strength and resilience in MGRC's business model. Read the full article on Seeking Alpha
Seeking Alpha • Dec 31

McGrath RentCorp: Modular Segment Should Lead Growth Ahead

Summary McGrath RentCorp faces near-term softness due to weak demand but expects growth from the modular segment. Despite challenges in Portable Storage and TRS segments, disciplined cost management and strong pricing in Mobile Modular should drive margin expansion in FY24. Long-term prospects are promising due to infrastructure investments and market expansion, making the stock a decent buy at current levels. The stock has underperformed but is trading near historical averages; continued growth in the modular segment supports a "BUY" rating. Read the full article on Seeking Alpha
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New Narrative • Sep 24

Mobile Modular's Tactical Moves Aim To Enhance Growth And Diversify Revenue Streams Amid Challenges

McGrath RentCorp's emphasis on the Mobile Modular division and customized sales opportunities points to a strategy focused on revenue growth and net margin improvement.
Analysis Article • Sep 18

McGrath RentCorp's (NASDAQ:MGRC) Dividend Will Be $0.475

McGrath RentCorp's ( NASDAQ:MGRC ) investors are due to receive a payment of $0.475 per share on 31st of October. The...
Seeking Alpha • Jun 28

McGrath RentCorp: Still In Play, Especially If Bullish On WillScot Mobile

Summary McGrath RentCorp is being acquired by WillScot Mobile Mini Holdings Corp. in a mixed cash and stock transaction, offering shareholders a premium. The merger will create a leading player in the North American turnkey space solutions industry, with significant revenue and rental units. The combined company is attractively priced compared to similar firms, offering potential upside for investors. Read the full article on Seeking Alpha
Seeking Alpha • Jun 13

WillScot Mobile - McGrath RentCorp Merger: Potential Double-Digit Returns

Summary McGrath RentCorp and WillScot Mobile Mini Holdings Corp. are set to merge, with the contribution appearing significantly larger than the current market price of McGrath. The FTC recently approved the transaction after requesting additional information, but many investors may not be aware of the news. The merger is expected to be approved by shareholders, as the valuation of 9.5x adjusted EBITDA is in line with industry precedents. Read the full article on Seeking Alpha
Seeking Alpha • Jan 31

WillScot's Offer Undervalues McGrath

Summary WillScot's offer values McGrath as a standalone entity but undervalues its contribution to enlarged entity. Attractive business proposition for private markets, counterbid possible from financial sponsors or larger industry players. Economics support counter offer at higher premium to undisturbed price. Read the full article on Seeking Alpha

Earnings and Revenue Growth Forecasts

NasdaqGS:MGRC - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20271,0071731872644
12/31/20269661561512294
3/31/2026947155103244N/A
12/31/2025944156152256N/A
9/30/2025931145136212N/A
6/30/2025942252289345N/A
3/31/2025919237293369N/A
12/31/2024911232211374N/A
9/30/202488922592314N/A
6/30/2024866116-79163N/A
3/31/2024856123-106119N/A
12/31/2023832112-11295N/A
9/30/2023793115-3180N/A
6/30/202372410210184N/A
3/31/2023674979178N/A
12/31/202263610363194N/A
9/30/20226299794193N/A
6/30/20226289385180N/A
3/31/202262190122210N/A
12/31/202153585134196N/A
9/30/202159092124185N/A
6/30/202157397134181N/A
3/31/202156499139172N/A
12/31/2020573102128181N/A
9/30/202057197109183N/A
6/30/202058810292194N/A
3/31/20205789951187N/A
12/31/201957097N/A188N/A
9/30/201955695N/A183N/A
6/30/201952687N/A181N/A
3/31/201951583N/A158N/A
12/31/201849879N/A143N/A
9/30/2018487173N/A138N/A
6/30/2018480165N/A127N/A
3/31/2018472160N/A128N/A
12/31/2017462154N/A122N/A
9/30/201744546N/A117N/A
6/30/201743242N/A118N/A
3/31/201742540N/A127N/A
12/31/201642438N/A141N/A
9/30/201642440N/A149N/A
6/30/201641541N/A152N/A
3/31/201640840N/A149N/A
12/31/201540540N/A144N/A
9/30/201541143N/A139N/A
6/30/201541143N/A133N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MGRC's forecast earnings growth (6.6% per year) is above the savings rate (3.5%).

Earnings vs Market: MGRC's earnings (6.6% per year) are forecast to grow slower than the US market (16.7% per year).

High Growth Earnings: MGRC's earnings are forecast to grow, but not significantly.

Revenue vs Market: MGRC's revenue (3.6% per year) is forecast to grow slower than the US market (11.6% per year).

High Growth Revenue: MGRC's revenue (3.6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if MGRC's Return on Equity is forecast to be high in 3 years time

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/14 13:09
End of Day Share Price 2026/05/14 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

McGrath RentCorp is covered by 7 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Manav PatnaikBarclays
Samuel EnglandBerenberg
Daniel MooreCJS Securities, Inc.