McGrath RentCorp
Logotype for McGrath RentCorp

McGrath RentCorp (MGRC) investor relations material

McGrath RentCorp Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for McGrath RentCorp
Q4 2025 earnings summary25 Feb, 2026

Executive summary

  • CEO transition announced: Joe Hanna retiring, Phil Hawkins (Philip B. Hawkins) to succeed as CEO in April 2026, ensuring strategic continuity and leadership stability.

  • 2025 total revenue reached $944.2 million, up 4% year-over-year, with strong contributions from Mobile Modular and TRS-RenTelco.

  • Adjusted EBITDA for 2025 was $362.5 million, a 3% increase year-over-year, with a margin of 38%.

  • Board declared the 35th consecutive annual dividend increase, reflecting ongoing commitment to shareholder returns.

  • Excluding 2024's merger termination payment and related costs, full-year net income rose 7% year-over-year.

Financial highlights

  • Q4 2025 total revenues increased 5% year-over-year to $257 million; rental operations up 6%, sales revenues up 5%.

  • Q4 Adjusted EBITDA rose 14% to $105 million; Mobile Modular Adjusted EBITDA up 13% to $68.7 million.

  • TRS-RenTelco Q4 revenues up 19% to $40.6 million, Adjusted EBITDA up 21% to $23.1 million.

  • Portable Storage Q4 rental revenues up 3% to $17.3 million, but Adjusted EBITDA down 3% due to lower margins.

  • Full-year net income was $156.3 million, or $6.35 per diluted share, versus $231.7 million, or $9.43 per share, in 2024 (2024 included a $180 million one-time gain).

Outlook and guidance

  • 2026 total revenue expected between $945 million and $995 million; Adjusted EBITDA between $360 million and $378 million.

  • Gross rental equipment capital expenditures projected at $180–$200 million for 2026, with increased investment in new markets and TRS.

  • Management projects another year of profitable growth in 2026, with optimism about stabilization in commercial construction and strong momentum.

  • SG&A expense forecasted at $225–$229 million; interest expense at $26–$29 million.

Explain 2026 capex increase vs. flat outlook
Portable Storage stabilization outlook
Mobile Modular sales margin drivers
Mobile Modular EBITDA growth despite lower utilization
Portable Storage profitability improvement plan
M&A pipeline and capital allocation priorities
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.
Research faster. Power your platform.

Next McGrath RentCorp earnings date

Logotype for McGrath RentCorp
Q1 202623 Apr, 2026
McGrath RentCorp
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next McGrath RentCorp earnings date

Logotype for McGrath RentCorp
Q1 202623 Apr, 2026

The essential earnings season companion

The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

McGrath RentCorp rents and sells relocatable modular buildings, electronic testing equipment, and liquid containment tanks. The company serves customers in education, construction, energy, and industrial sectors across the United States. It operates through multiple business segments and brands. The company is headquartered in Livermore, California, and its shares are listed on the NASDAQ.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage