Cash flow McGrath RentCorp

Stocks

MGRC

US5805891091

Business Support Services

Real-time Estimate Cboe BZX 05:52:34 29/08/26 am AEST			5-day change	1st Jan Change
112.29 ^USD	-1.28%		-3.88%	+6.85%

14/08	McGrath RentCorp Insider Sold Shares Worth $536,256, According to a Recent SEC Filing	MT
30/07	McGrath RentCorp Q2 Earnings, Revenue Fall; Fiscal 2026 Revenue Outlook Raised	MT

1756ac659cc9ad986dc680cb.V8YcwcWMCh7CmTnfwEL1KzbwecHuLUL1Kq5RdJXptyM.E65Di737TVCIwXfsqzCzRgGEDuyMWjGdB5kFN6zfw2w2oGSSo7xyJ6j0dA

Published financial data: MCGRATH RENTCORP

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Revenues	613M	729M	820M	901M	935M
Interest And Invest. Income (Rev)	200K	400K	400K	600K	900K
Other Revenues, Total	3.32M	4.12M	11.78M	9.62M	8.5M
Total Revenues	617M	734M	832M	911M	944M
Cost of Goods Sold, Total	336M	397M	438M	476M	489M
Gross Profit	281M	337M	394M	435M	455M
Selling General & Admin Expenses, Total	146M	171M	81.14M	91.08M	103M
Provision for Bad Debts	500K	800K	2.6M	1.9M	1.7M
Depreciation & Amortization - (IS)	-	-	108M	107M	107M
Other Operating Expenses, Total	147M	171M	192M	200M	211M
Operating Income	134M	166M	202M	235M	244M
Interest Expense, Total	-10.46M	-15.17M	-40.56M	-47.24M	-30.62M
Net Interest Expenses	-10.46M	-15.17M	-40.56M	-47.24M	-30.62M
Currency Exchange Gains (Loss)	-210K	-378K	310K	-215K	80K
EBT, Excl. Unusual Items	124M	150M	162M	188M	213M
Merger & Related Restructuring Charges	-2M	-	-15.88M	-63.16M	-
Gain (Loss) On Sale Of Assets	-	-	3.62M	9.28M	-
Asset Writedown	-	-	-	-	-
Other Unusual Items	-	-	-	180M	-
EBT, Incl. Unusual Items	122M	150M	149M	314M	213M
Income Tax Expense	32.05M	34.88M	37.61M	81.92M	56.77M
Earnings From Continuing Operations	89.7M	115M	112M	232M	156M
Earnings Of Discontinued Operations	-	-	62.77M	-	-
Net Income to Company	89.7M	115M	175M	232M	156M
Net Income - (IS)	89.7M	115M	175M	232M	156M
Net Income to Common Incl Extra Items	89.7M	115M	175M	232M	156M
Net Income to Common Excl. Extra Items	89.7M	115M	112M	232M	156M
Per Share Items
Net EPS - Basic	3.7	4.73	7.14	9.44	6.35
Basic EPS - Continuing Operations	3.7	4.73	4.57	9.44	6.35
Basic Weighted Average Shares Outstanding	24.22M	24.35M	24.47M	24.54M	24.6M
Net EPS - Diluted	3.66	4.7	7.12	9.43	6.35
Diluted EPS - Continuing Operations	3.66	4.7	4.56	9.43	6.35
Diluted Weighted Average Shares Outstanding	24.52M	24.52M	24.53M	24.57M	24.63M
Normalized Basic EPS	3.19	3.85	4.13	4.78	5.41
Normalized Diluted EPS	3.16	3.82	4.12	4.77	5.41
Dividend Per Share	1.74	1.82	1.86	1.9	1.94
Payout Ratio	47.02	38.45	26.09	20.18	30.64
Supplemental Items
EBITDA	149M	180M	222M	254M	264M
EBITA	140M	171M	213M	245M	254M
EBIT	134M	166M	202M	235M	244M
EBITDAR	155M	187M	233M	263M	273M
Total Revenues (As Reported)	617M	734M	832M	911M	944M
Effective Tax Rate - (Ratio)	26.32	23.25	25.16	26.12	26.64
Current Domestic Taxes	3.67M	28.19M	51.59M	41.64M	21.65M
Current Foreign Taxes	2.04M	2.21M	1.85M	1.7M	1.67M
Total Current Taxes	5.7M	30.4M	53.44M	43.35M	23.32M
Deferred Domestic Taxes	26.33M	4.5M	6.37M	38.54M	33.45M
Deferred Foreign Taxes	19K	-9K	-14K	28K	-
Total Deferred Taxes	26.35M	4.49M	6.36M	38.57M	33.45M
Normalized Net Income	77.35M	93.76M	101M	117M	133M
Interest on Long-Term Debt	10.46M	15.17M	40.56M	47.24M	30.62M
Supplemental Operating Expense Items
Advertising Expense	5.1M	5M	5.9M	6.2M	6.7M
Selling and Marketing Expenses	5.1M	5M	5.9M	6.2M	6.7M
Net Rental Expense, Total	5.6M	7M	10.8M	9M	9.3M
Imputed Operating Lease Interest Expense	1.42M	1.99M	5.83M	4.93M	4.03M
Imputed Operating Lease Depreciation	4.18M	5.01M	4.97M	4.07M	5.27M
Stock-Based Comp., SG&A Exp. (Total)	7.67M	8.01M	8.16M	9.5M	11.22M
Total Stock-Based Compensation	7.67M	8.01M	8.16M	9.5M	11.22M

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Assets
Cash And Equivalents	1.49M	957K	877K	807K	295K
Total Cash And Short Term Investments	1.49M	957K	877K	807K	295K
Accounts Receivable, Total	159M	190M	227M	219M	232M
Total Receivables	159M	190M	227M	219M	232M
Inventory	-	-	-	14.3M	8.03M
Prepaid Expenses	43.94M	59.83M	-	67.88M	70.45M
Total Current Assets	205M	251M	228M	302M	311M
Gross Property Plant And Equipment	245M	259M	271M	301M	345M
Accumulated Depreciation	-98.33M	-103M	-87.4M	-91.04M	-98.59M
Net Property Plant And Equipment	146M	156M	184M	210M	246M
Goodwill	132M	132M	323M	323M	333M
Other Intangibles, Total	47.05M	41.13M	64.59M	54.33M	46.6M
Other Long-Term Assets, Total	1.07B	1.13B	1.42B	1.39B	1.42B
Total Assets	1.6B	1.71B	2.22B	2.28B	2.36B
Liabilities
Accounts Payable, Total	125M	149M	153M	60.08M	66.23M
Accrued Expenses, Total	-	-	-	101M	102M
Current Portion of Leases	5.7M	5M	6.86M	5.74M	5.25M
Total Current Liabilities	130M	154M	160M	167M	173M
Long-Term Debt	426M	414M	763M	590M	515M
Long-Term Leases	5.85M	7.15M	7.92M	6.88M	7.62M
Unearned Revenue Non Current	58.72M	82.42M	111M	110M	111M
Deferred Tax Liability Non Current	242M	247M	242M	280M	314M
Total Liabilities	864M	904M	1.28B	1.15B	1.12B
Common Stock, Total	109M	110M	111M	116M	122M
Retained Earnings	623M	694M	823M	1.01B	1.12B
Comprehensive Income and Other	-54K	-78K	-116K	-	-
Total Common Equity	732M	804M	934M	1.12B	1.24B
Total Equity	732M	804M	934M	1.12B	1.24B
Total Liabilities And Equity	1.6B	1.71B	2.22B	2.28B	2.36B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	24.26M	24.39M	24.5M	24.55M	24.61M
ECS Total Common Shares Outstanding	24.26M	24.39M	24.5M	24.55M	24.61M
Book Value / Share	30.17	32.96	38.12	45.76	50.26
Tangible Book Value	553M	631M	546M	746M	858M
Tangible Book Value Per Share	22.78	25.85	22.29	30.38	34.85
Total Debt	438M	426M	778M	603M	528M
Net Debt	437M	425M	777M	602M	528M
Debt Equivalent Oper. Leases	44.8M	56M	86.4M	72M	74.4M
Account Code - Inventory Valuation	3	-	3	3	6
Inventories - Raw Materials, Total	-	-	-	3.38M	3.9M
Inventories - Work In Process, Total	-	-	-	10.92M	4.12M
Land - (BS)	54.43M	61.49M	75.14M	88.6M	108M
Buildings, Total	33.78M	34.08M	35.36M	40.22M	49.42M
Machinery, Total	82.52M	84.7M	65.27M	67.33M	72.01M
Full Time Employees	1.18K	1.22K	1.2K	1.22K	1.31K
Accumulated Allowance for Doubtful Accounts (Supple)	2.12M	2.3M	2.8M	2.87M	2.87M

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Net Income	89.7M	115M	175M	232M	156M
Depreciation & Amortization - CF	8.91M	9.02M	9.76M	8.89M	9.63M
Amortization of Goodwill and Intangible Assets - (CF)	5.9M	5.9M	10.7M	10.3M	10.5M
Depreciation & Amortization, Total	14.81M	14.92M	20.46M	19.19M	20.13M
Amortization of Deferred Charges, Total - (CF)	91.9M	96.44M	88.92M	88.33M	87.14M
(Gain) Loss From Sale Of Asset	-25.44M	-37.98M	-35.26M	-44.37M	-44.19M
Asset Writedown & Restructuring Costs	-	-	-	-	-
Stock-Based Compensation (CF)	7.67M	8.01M	8.28M	9.5M	11.22M
Provision and Write-off of Bad Debts	451K	837K	2.63M	1.89M	1.73M
Net Cash From Discontinued Operations	-	-	-61.51M	-	-
Other Operating Activities, Total	209K	4.86M	-17.26M	38.79M	33.37M
Change In Accounts Receivable	-24.4M	-31.36M	-37.78M	6.14M	-14.25M
Change In Inventories	-	-	-	1.12M	6.28M
Change In Accounts Payable	12.23M	16.35M	-32.53M	11.84M	-330K
Change in Unearned Revenues	9.08M	23.7M	14.09M	-1.59M	328K
Change In Income Taxes	-	-	-	-	-
Change In Deferred Taxes	26.35M	-	-	-	-
Change in Other Net Operating Assets	-6.82M	-16.48M	-29.33M	11.81M	-2.06M
Cash from Operations	196M	194M	95.34M	374M	256M
Capital Expenditure	-59.49M	-131M	-208M	-163M	-103M
Sale of Property, Plant, and Equipment	-	-	9.7M	12.25M	-
Cash Acquisitions	-290M	-	-462M	-	-23.78M
Sale (Purchase) of Intangible assets	-2.5M	-	-	-	-
Other Investing Activities, Total	-	-	268M	-	-
Cash from Investing	-352M	-131M	-392M	-151M	-127M
Long-Term Debt Issued, Total	244M	47.28M	349M	-	75M
Total Debt Issued	244M	47.28M	349M	-	75M
Long-Term Debt Repaid, Total	-40M	-60M	-	-173M	-150M
Total Debt Repaid	-40M	-60M	-	-173M	-150M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-5.34M	-6.54M	-7.23M	-4.37M	-5.69M
Common Dividends Paid	-42.18M	-44.27M	-45.56M	-46.76M	-47.9M
Common & Preferred Stock Dividends Paid	-42.18M	-44.27M	-45.56M	-46.76M	-47.9M
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	156M	-63.53M	296M	-224M	-129M
Foreign Exchange Rate Adjustments	4K	-6K	9K	-	-
Net Change in Cash	253K	-534K	-80K	-70K	-512K
Supplemental Items
Cash Interest Paid	10.33M	14.78M	38.6M	48.32M	29.9M
Cash Income Tax Paid (Refund)	9.09M	27.36M	91.56M	36.52M	10.12M
Levered Free Cash Flow	99.42M	47.9M	163M	93.89M	146M
Unlevered Free Cash Flow	106M	57.36M	188M	123M	165M
Change In Net Working Capital	30.45M	34.04M	-152M	-22.54M	2.14M
Net Debt Issued / Repaid	204M	-12.72M	349M	-173M	-75.49M

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Profitability
Return on Assets	5.85	6.26	6.43	6.53	6.57
Return on Total Capital	8.1	8.67	8.58	8.54	8.72
Return On Equity %	12.68	14.99	12.87	22.53	13.24
Return on Common Equity	12.68	14.99	12.87	22.53	13.24
Margin Analysis
Gross Profit Margin %	45.56	45.91	47.32	47.8	48.18
SG&A Margin	23.69	23.24	9.75	10	10.86
EBITDA Margin %	24.19	24.59	26.74	27.9	27.93
EBITA Margin %	22.75	23.37	25.57	26.93	26.91
EBIT Margin %	21.79	22.56	24.28	25.8	25.8
Income From Continuing Operations Margin %	14.54	15.69	13.45	25.44	16.55
Net Income Margin %	14.54	15.69	20.99	25.44	16.55
Net Avail. For Common Margin %	14.54	15.69	13.45	25.44	16.55
Normalized Net Income Margin	12.54	12.78	12.15	12.87	14.1
Levered Free Cash Flow Margin	16.12	6.53	19.58	10.31	15.48
Unlevered Free Cash Flow Margin	17.17	7.82	22.63	13.54	17.48
Asset Turnover
Asset Turnover	0.43	0.44	0.42	0.41	0.41
Fixed Assets Turnover	4.24	4.86	4.98	4.62	4.14
Receivables Turnover (Average Receivables)	4.34	4.17	4.13	4.03	4.14
Inventory Turnover (Average Inventory)	-	-	-	31.99	43.82
Short Term Liquidity
Current Ratio	1.57	1.63	1.43	1.81	1.79
Quick Ratio	1.23	1.24	1.43	1.32	1.34
Operating Cash Flow to Current Liabilities	1.5	1.27	0.6	2.24	1.47
Days Sales Outstanding (Average Receivables)	84.16	87.46	88.46	90.76	88.09
Days Outstanding Inventory (Average Inventory)	-	-	-	11.44	8.33
Average Days Payable Outstanding	126.68	131.04	121.76	45.84	47.73
Cash Conversion Cycle (Average Days)	-	-	-	56.36	48.69
Long Term Solvency
Total Debt/Equity	59.83	52.98	83.29	53.66	42.67
Total Debt / Total Capital	37.44	34.63	45.44	34.92	29.91
LT Debt/Equity	59.06	52.35	82.55	53.15	42.24
Long-Term Debt / Total Capital	36.95	34.22	45.04	34.59	29.61
Total Liabilities / Total Assets	54.13	52.93	57.89	50.68	47.52
EBIT / Interest Expense	12.86	10.92	4.98	4.97	7.96
EBITDA / Interest Expense	14.81	12.36	5.75	5.57	8.92
(EBITDA - Capex) / Interest Expense	9.12	3.7	0.63	2.12	5.54
Total Debt / EBITDA	2.83	2.27	3.33	2.29	1.93
Net Debt / EBITDA	2.82	2.27	3.33	2.29	1.93
Total Debt / (EBITDA - Capex)	4.59	7.6	30.22	6.02	3.11
Net Debt / (EBITDA - Capex)	4.58	7.58	30.19	6.01	3.11
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	7.73	18.97	30.86	9.51	3.65
Gross Profit, 1 Yr. Growth %	6.55	19.89	35.64	10.61	4.49
EBITDA, 1 Yr. Growth %	-0.2	20.94	24.81	14.27	3.77
EBITA, 1 Yr. Growth %	-0.45	22.2	38.82	15.33	3.6
EBIT, 1 Yr. Growth %	-4.5	23.17	37.12	16.34	3.68
Earnings From Cont. Operations, 1 Yr. Growth %	-12.04	28.35	8.27	107.17	-32.55
Net Income, 1 Yr. Growth %	-12.04	28.35	51.66	32.7	-32.55
Normalized Net Income, 1 Yr. Growth %	-6.28	21.22	20.07	15.96	13.63
Diluted EPS Before Extra, 1 Yr. Growth %	-12.02	28.42	8.31	106.8	-32.66
Accounts Receivable, 1 Yr. Growth %	29.34	19.14	33.8	-3.53	5.71
Inventory, 1 Yr. Growth %	-	-	-	-7.27	-43.88
Net Property, Plant and Equip., 1 Yr. Growth %	1.26	6.3	22.35	14.2	17.31
Total Assets, 1 Yr. Growth %	25.1	7.01	29.83	2.72	3.49
Tangible Book Value, 1 Yr. Growth %	-14.63	14.1	-17.54	36.6	15.02
Common Equity, 1 Yr. Growth %	7.24	9.83	16.15	20.3	10.12
Cash From Operations, 1 Yr. Growth %	8.44	-0.67	-50.96	292.66	-31.7
Capital Expenditures, 1 Yr. Growth %	12.24	120.93	57.88	-21.44	-36.61
Levered Free Cash Flow, 1 Yr. Growth %	-31.78	-56.84	-284.36	25.22	55.64
Unlevered Free Cash Flow, 1 Yr. Growth %	-29.94	-51.18	-333.17	22.95	33.82
Dividend Per Share, 1 Yr. Growth %	3.57	4.6	2.2	2.15	2.11
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	4.01	13.21	24.74	19.71	6.54
Gross Profit, 2 Yr. CAGR %	2.75	13.02	26.16	22.49	7.51
EBITDA, 2 Yr. CAGR %	-0.41	9.86	19.6	19.42	13
EBITA, 2 Yr. CAGR %	-0.69	10.29	27.82	26.54	13.64
EBIT, 2 Yr. CAGR %	-2.49	8.46	27.49	26.31	14.42
Earnings From Cont. Operations, 2 Yr. CAGR %	-3.74	6.25	14.66	49.77	18.21
Net Income, 2 Yr. CAGR %	-3.74	6.25	39.52	41.87	-5.39
Normalized Net Income, 2 Yr. CAGR %	-2.1	6.59	18.17	18	20.87
Diluted EPS Before Extra, 2 Yr. CAGR %	-3.5	6.29	14.64	49.66	17.99
Accounts Receivable, 2 Yr. CAGR %	11.58	24.13	19.39	13.61	0.98
Inventory, 2 Yr. CAGR %	-	-	-	-	-27.86
Net Property, Plant and Equip., 2 Yr. CAGR %	1.89	3.75	12.11	18.21	15.75
Total Assets, 2 Yr. CAGR %	10.38	15.7	17.87	15.48	3.1
Tangible Book Value, 2 Yr. CAGR %	-3.91	-1.3	-0.6	6.13	25.35
Common Equity, 2 Yr. CAGR %	7.45	8.52	12.94	18.21	15.1
Cash From Operations, 2 Yr. CAGR %	2.04	3.79	-30.21	38.76	63.76
Capital Expenditures, 2 Yr. CAGR %	-33.7	57.47	86.76	11.37	-29.43
Levered Free Cash Flow, 2 Yr. CAGR %	60.9	-42.67	24.6	3.83	49.88
Unlevered Free Cash Flow, 2 Yr. CAGR %	51.6	-38.41	30.78	24.59	35.14
Dividend Per Share, 2 Yr. CAGR %	7.7	4.08	3.39	2.17	2.13
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	7.37	8.77	13.26	19.44	14.1
Gross Profit, 3 Yr. CAGR %	6.4	8.17	14.28	20.75	16.17
EBITDA, 3 Yr. CAGR %	5.7	6.25	14.15	17.79	13.96
EBITA, 3 Yr. CAGR %	5.82	6.42	14.7	23.52	18.38
EBIT, 3 Yr. CAGR %	4.58	5.41	12.79	23.66	18.26
Earnings From Cont. Operations, 3 Yr. CAGR %	4.15	5.95	3.13	39.65	14.8
Net Income, 3 Yr. CAGR %	4.15	5.95	19.63	37.21	10.73
Normalized Net Income, 3 Yr. CAGR %	5.72	5.13	6.99	17.43	16.52
Diluted EPS Before Extra, 3 Yr. CAGR %	4.15	6.15	3.11	39.55	14.68
Accounts Receivable, 3 Yr. CAGR %	9.64	14.05	22.62	11.2	10.91
Net Property, Plant and Equip., 3 Yr. CAGR %	4.86	3.34	8.37	12.8	17.91
Total Assets, 3 Yr. CAGR %	9.45	9.25	20.23	12.59	11.34
Tangible Book Value, 3 Yr. CAGR %	0.99	1.75	-5.52	10.51	9.02
Common Equity, 3 Yr. CAGR %	8.6	8.24	11.01	15.35	15.45
Cash From Operations, 3 Yr. CAGR %	11.12	1.13	-19.16	24.13	9.56
Capital Expenditures, 3 Yr. CAGR %	-15.02	-0.97	57.61	39.93	-7.71
Levered Free Cash Flow, 3 Yr. CAGR %	41.82	7.64	3.78	-3.63	18.84
Unlevered Free Cash Flow, 3 Yr. CAGR %	35.56	7.56	7.57	3.87	27.6
Dividend Per Share, 3 Yr. CAGR %	8.56	6.66	3.45	2.98	2.15
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	7.78	9.69	10.79	9.82	10.52
Gross Profit, 5 Yr. CAGR %	8.82	10.13	11.03	10.34	11.52
EBITDA, 5 Yr. CAGR %	11.08	11.47	11.98	11.06	12.02
EBITA, 5 Yr. CAGR %	11.85	12	12.42	11.51	12.51
EBIT, 5 Yr. CAGR %	11.14	11.43	11.44	10.7	11.6
Earnings From Cont. Operations, 5 Yr. CAGR %	18.59	-5.64	7.09	19.07	8.92
Net Income, 5 Yr. CAGR %	18.59	-5.64	17.07	19.07	8.92
Normalized Net Income, 5 Yr. CAGR %	13.08	12.01	9.08	7.75	10.04
Diluted EPS Before Extra, 5 Yr. CAGR %	18	-5.81	7.07	19.13	8.83
Accounts Receivable, 5 Yr. CAGR %	10.49	12.41	13.44	11.36	13.46
Net Property, Plant and Equip., 5 Yr. CAGR %	5.46	5.47	7.7	8.31	11.26
Total Assets, 5 Yr. CAGR %	7.18	8.27	12.74	11.7	13.06
Tangible Book Value, 5 Yr. CAGR %	9.08	5.23	0.35	4.5	5.79
Common Equity, 5 Yr. CAGR %	13.17	8.93	10.32	12.12	12.63
Cash From Operations, 5 Yr. CAGR %	6.83	9.7	-7.74	14.77	7.21
Capital Expenditures, 5 Yr. CAGR %	-0.23	13.15	16.44	3.79	14.28
Levered Free Cash Flow, 5 Yr. CAGR %	3.26	-6.24	36.12	19.58	0.06
Unlevered Free Cash Flow, 5 Yr. CAGR %	2.81	-4.79	34.65	21.76	1.77
Dividend Per Share, 5 Yr. CAGR %	11.27	11.84	6.46	4.84	2.92