McGrath RentCorp

Country

United States

Sector

Industrials

Industry

Rental & Leasing Services

Employees

1,219

Ticker

MGRC

Exchange

NASDAQ/NGS

Website

www.mgrc.com

Description

McGrath RentCorp is a diversified business-to-business rental company that supplies a broad array of industrial and commercial equipment across various sectors. Its primary function lies in leasing re... Show more

Financial Statements of McGrath RentCorp

Below are the financial statements of McGrath RentCorp, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.

Income Statement (as reported) Balance Sheet (as reported)

All figures in millions of USD	2024	2023	2022
Revenues	—	—	—
Rental	489.93^a	474.34^a	389.66^a
Rental related services	148.5^a	138.16^a	94.96^a
Rental operations	638.43^a	612.5^a	484.63^a
Sales	262.29^a	207.17^a	147.72^a
Other	10.23^a	12.18^a	3.32^a
Total revenues	910.94^a	831.84^a	635.67^a
Direct costs of rental operations	—	—	—
Depreciation of rental equipment	-88.27^a	-88.91^a	-80.43^a
Rental related services	-103.42^a	-96.63^a	-68.85^a
Other	-109.12^a	-114.94^a	-104.36^a
Total direct costs of rental operations	-300.8^a	-300.48^a	-253.63^a
Costs and expenses	—	—	—
Costs of sales	-174.73^a	-137.73^a	-91.83^a
Total costs of revenues	-475.53^a	-438.21^a	-345.46^a
Gross profit	435.42^a	393.63^a	290.21^a
Expenses	—	—	—
Selling and administrative expenses	-200.43^a	-207.54^a	-142.91^a
Other income, net	-9.28^a	-3.62^a	0^a
Income from operations	244.26^a	189.71^a	147.29^a
Interest expense	-47.24^a	-40.56^a	-12.23^a
Foreign currency exchange loss (gain)	0.22^a	-0.31^a	0.38^a
Gain on merger termination from WillScot Mobile Mini	-180^a	0^a	0^a
WillScot Mobile Mini transaction costs	-63.16^a	0^a	0^a
Income from continuing operations before provision for income taxes	313.65^a	149.46^a	134.69^a
Provision for income taxes from continuing operations	-81.92^a	-37.61^a	-31.38^a
Income from continuing operations	231.73^a	111.85^a	103.31^a
Discontinued operations	—	—	—
Income from discontinued operations before provision for income taxes	0^a	1.71^a	15.33^a
Provision for income taxes from discontinued operations	0^a	-0.45^a	-3.51^a
Gain on sale of discontinued operations, net of tax	0^a	61.51^a	0^a
Income from discontinued operations	0^a	62.77^a	11.83^a
Net income	231.73^a	174.62^a	115.14^a

Verified Sources Behind McGrath RentCorp’s Financial Fundamentals Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore McGrath RentCorp’s data sources below and access millions more through our Disclosure Search.

a. McGrath RentCorp's 10-K 2024

Trace every data point back to McGrath RentCorp’s disclosures

Sign up for Tracenable and access millions of corporate disclosures, including annual reports and sustainability filings from global companies, completely free of charge.

Real-Time & Standardized Financials

Access Standardized Financial Statements within Minutes of Disclosure

At Tracenable, we're exploring the launch of real-time standardized financial datafeeds and APIs covering global equities. Unlike limited and inconsistent XBRL parsing, our approach aims to deliver clean, comparable, and fully traceable data seconds after publication.

Could this solution support your investment or analytical workflows?

Explore Peer Companies

Welcome Back to Tracenable

Sign in to your account

McGrath RentCorp

Financial Statements of McGrath RentCorp

Verified Sources Behind McGrath RentCorp’s Financial Fundamentals Data

Access Standardized Financial Statements within Minutes of Disclosure

Explore Peer Companies

Herc Holdings Inc

Armstrong World Industries Inc

FTAI Aviation Ltd

Franklin Electric Co Inc

Federal Signal Corp

Casella Waste Systems Inc