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McGrath Rentcorp cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$53.7M in Q3 2026 · $210M over twelve months

Operating cash flow$72.3M
Capital spending−$18.6M
Free cash flow+$53.7M
Cash / net income1.5×

Analysis

In Q3 2026, McGrath Rentcorp generated $72.3M of operating cash flow and spent $18.6M on capital projects, leaving free cash flow of $53.7M. That is $250K more than in Q3 2025 ($53.5M).

Over the twelve months to Sep 30, 2026, operating cash flow was $259M; the largest uses were other investing ($182M), other financing ($94.2M), capital spending ($49.1M); besides operations, cash came from net borrowing (+) / repaid (−) ($126M); the cash balance fell by $6.2M.

Operating cash flow was $72.3M against net income of $48.8M — 1.5× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$29.7M, prepaid and other assets −$6.0M, inventory +$5.6M.

Free cash flow

McGrath Rentcorp: free cash flow by quarterMcGrath Rentcorp: free cash flow by quarter$32.6MQ4 2024$49.9MQ1 2025$38.2MQ2 2025$53.5MQ3 2025$69.8MQ4 2025$34.3MQ1 2026$52.0MQ2 2026$53.7MQ3 2026
Operating cash flow less capital spending.
McGrath Rentcorp: operating cash flow against capital spendingMcGrath Rentcorp: operating cash flow against capital spendingOperating cash flowCapital spending$36.8M$4.2MQ4 2024$53.9M$4.0MQ1 2025$55.8M$17.6MQ2 2025$65.1M$11.6MQ3 2025$80.9M$11.1MQ4 2025$42.4M$8.0MQ1 2026$63.3M$11.4MQ2 2026$72.3M$18.6MQ3 2026
Latest (Q3 2026): Operating cash flow $72.3M, Capital spending $18.6M.

Capital allocation, year by year

McGrath Rentcorp: where the cash came from (up) and went (down), by fiscal yearMcGrath Rentcorp: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingAsset salesCapital spendingAcquisitionsDividendsFY2021: Operating cash flow $196MFY2021: Net borrowing $204MFY2021: Capital spending −$2.7MFY2021: Acquisitions −$283MFY2021: Dividends −$42.2M$399MFY2021FY2022: Operating cash flow $194MFY2022: Net borrowing −$12.7MFY2022: Capital spending −$17.6MFY2022: Dividends −$44.3M$194MFY2022FY2023: Operating cash flow $95.3MFY2023: Net borrowing $349MFY2023: Asset sales $9.7MFY2023: Capital spending −$44.0MFY2023: Acquisitions −$458MFY2023: Dividends −$45.6M$454MFY2023FY2024: Operating cash flow $374MFY2024: Net borrowing −$173MFY2024: Asset sales $12.3MFY2024: Capital spending −$40.2MFY2024: Dividends −$46.8M$387MFY2024FY2025: Operating cash flow $256MFY2025: Net borrowing −$75.5MFY2025: Capital spending −$44.4MFY2025: Acquisitions −$23.8MFY2025: Dividends −$47.9M$256MFY2025
Over these 5 years operating cash flow totalled $1.1B; the largest uses were acquisitions ($765M) and net borrowing ($261M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$1.0M
Debtnone
Net cash$1.0M

McGrath Rentcorp funds itself: free cash flow was $210M over the last twelve months, with $1.0M of cash and investments and no debt on the balance sheet.

Where the cash came from and went

McGrath Rentcorp: sources (+) and uses (−) of cash, Q3 2026McGrath Rentcorp: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$72.3MOther investing−$66.4MNet borrowing (+) / repaid (−)$28.4MCapital spending−$18.6MDividends−$12.1MBuybacks−$6.8MCash drawn (+) / kept (−)$3.3MAcquisitions−$153K
McGrath Rentcorp: sources (+) and uses (−) of cash, TTM to Q3 2026McGrath Rentcorp: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$259MOther investing−$182MNet borrowing (+) / repaid (−)$126MOther financing−$94.2MCapital spending−$49.1MDividends−$48.7MAcquisitions−$11.4MCash drawn (+) / kept (−)$6.2MTaxes on employees’ shares−$6.0M

From profit to cash

McGrath Rentcorp: net income to operating cash flow, Q3 2026McGrath Rentcorp: net income to operating cash flow, Q3 2026Net income$48.8MDepreciation & amortization$29.7MStock-based pay$2.8MReceivables−$5.1MInventory$5.6MPayables−$5.3MAccrued liabilities$2.6MDeferred revenue$4.8MPrepaid and other assets−$6.0MOperating cash flow$72.3M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsBuybacksDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$72.3M−$18.6M−$153K−$6.8M−$12.1M$28.4M$3.3M$53.7M
Q2 2026$63.3M−$11.4M—−$15.5M−$12.2M$104M−$2.0M$52.0M
Q1 2026$42.4M−$8.0M—−$11.9M−$12.5M$31.1M−$2.1M$34.3M
Q4 2025$80.9M−$11.1M−$1.8M—−$11.9M−$36.9M$7.0M$69.8M
Q3 2025$65.1M−$11.6M——−$11.9M−$22.9M−$5.8M$53.5M
Q2 2025$55.8M−$17.6M——−$11.9M$13.2M$1.9M$38.2M
Q1 2025$53.9M−$4.0M——−$12.1M−$30.9M−$2.6M$49.9M
Q4 2024$36.8M−$4.2M——−$11.7M−$18.1M$3.2M$32.6M

McGrath Rentcorp: income statement and cash flow

McGrath Rentcorp, Q3 2026: revenue $275M (+7% year over year), operating margin 26.9%. The chart follows the revenue to costs, profit and cash.

McGrath Rentcorp: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.