McGrath RentCorp (MGRC) Stock

McGrath RentCorp (MGRC) is a Technology stock trading at $116.43 (as of 2026-08-20), with a market capitalization of $2.84B and a trailing P/E of 21.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

McGrath RentCorp is a B2B rental company that provides relocatable modular buildings, portable storage containers, electronic test equipment and related accessories, and liquid and solid containment products. It operates through segments including Mobile Modular, TRS-RenTelco, Adler Tanks, and Enviroplex, serving customers in sectors such as aerospace, defense, electronics, industrial, research, and semiconductor.

Understand McGrath RentCorp: how it makes money

McGrath RentCorp rents and sells relocatable modular buildings, portable storage containers, electronic test equipment, and containment tanks, and it makes money primarily from rental operations.

The core profit engine is rental performance, because rental operations revenue (most of total revenue) is directly tied to how much its rental fleets are utilized, as shown by the company’s utilization metrics for Mobile Modular and other rental platforms.

Business quality (Mixed): Good directional clarity on the profit model, the quarter’s revenue mix (rental operations vs sales), and the relevance of utilization metrics, but limited segment-level revenue detail is available here for all official reportable segments.

Valuation: Trades at 19× trailing earnings · $3B market cap.

Bull case

  • Rental operations dominate the quarter’s revenue: Rental operations revenue is listed as 0.18B out of total revenue of 0.2B for 2026-03-31, indicating the rental fleet business is the main driver of results.
  • Utilization is explicitly tracked: The company discloses Average Fleet Utilization (Mobile Modular) and multiple utilization measures for its rental platforms, which helps investors monitor the operating lever behind rental revenue.

Bear case

  • Performance depends on rental utilization and rental demand conditions: Because rental operations are the majority of revenue, declines in utilization (Mobile Modular and other platforms) could reduce rental operations revenue even if sales remain steady.
  • Some revenue comes from sales, which can be less steady than rentals: Sales revenue is also present in the provided figures, so changes in the mix between rental and sales activities could affect quarter-to-quarter results.
Valuation — source: SEC EDGAR (first-party)
Price$116.43
Market Cap$2.84B
P/E Ratio21.9
EV / EBITDA7.1
Price / Book2.28
Price / Sales3.25
FCF Yield10.4%
DCF Value (model)$106.97
DCF Upside vs Price-8.1%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$944.24M
Net Margin16.6%
Revenue Growth (YoY)3.7%
EPS Growth (YoY)-32.7%
FCF Growth (YoY)-36.8%
Valuation vs Sector & Industry
Stock P/E21.9
Sector P/E (Technology)33.9
Industry P/E (Business Services)30.0
vs Sector-35.5%
vs Industry-27.0%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($284.68M)
Institutional Holders Tracked10
Company
SectorTechnology
IndustryBusiness Services
CEOJoseph F. Hanna
Employees1,219
CountryUS
IPO Date1984-11-13

Related Companies (Business model: Specialty Finance / Lending; 8 closest by market cap; US-domiciled)

  • Sunbelt Rentals Holdings, Inc. (SUNB)
  • Equifax Inc. (EFX)
  • Upstart Holdings, Inc. (UPST)
  • Custom Truck One Source, Inc. (CTOS)
  • LendingClub Corporation (LC)
  • PROG Holdings, Inc. (PRG)
  • EquipmentShare.com Inc. (EQPT)
  • Upbound Group, Inc. (UPBD)
MGRC earnings history · MGRC institutional & insider holders · MGRC KPIs & operating metrics · MGRC financials · MGRC investor presentations & press releases · MGRC SEC filings · MGRC peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.