Filing Flows › McGrath Rentcorp (MGRC) › Q2 2026 › vs Q2 2025
McGrath Rentcorp (MGRC) Q2 2026 vs Q2 2025 (year over year)
McGrath Rentcorp's revenue fell $14.5M (-6%) from $236M in Q2 2025 to $221M in Q2 2026. The biggest changes: Enviroplex −$15.2M (-77%); Trs Ren Telco +$6.1M (+17%); Mobile Modular −$5.6M (-4%). Gross margin 48.8% against 47.0% (+1.8 pts).
McGrath Rentcorp, Q2 2026: revenue $221M (-6% year over year), operating margin 24.1%, net earnings $33.7M, operating cash flow $63.3M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 48.8% | 47.0% | +1.8 pts |
| Operating margin | 24.1% | 24.3% | -0.2 pts |
| Net margin | 15.2% | 15.3% | -0.0 pts |
| Free cash flow margin | 23.5% | 16.2% | +7.3 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Mobile Modular | $150M | $156M | −$5.6M | -4% |
| Trs Ren Telco | $42.6M | $36.4M | $6.1M | +17% |
| Portable Storage | $23.5M | $23.3M | $173K | +0.7% |
| Enviroplex | $4.6M | $19.9M | −$15.2M | -77% |
| Revenue | $221M | $236M | −$14.5M | -6% |
| Gross profit | $108M | $111M | −$2.8M | -3% |
| Cost of revenue | $113M | $125M | −$11.7M | -9% |
| Operating profit | $53.3M | $57.2M | −$3.9M | -7% |
| Operating expenses | $54.6M | $53.5M | $1.1M | +2% |
| Pre-tax earnings | $46.1M | $49.5M | −$3.3M | -7% |
| Other expense, net | $7.2M | $7.7M | −$563K | -7% |
| Net earnings | $33.7M | $36.0M | −$2.3M | -6% |
| Income tax | $12.5M | $13.5M | −$1.0M | -8% |
| Depreciation & amortization | $28.5M | $26.3M | $2.1M | +8% |
| Share-based compensation | $2.9M | $2.8M | $78K | +3% |
| Working capital & other | $1.7M | $9.3M | −$7.6M | -82% |
| Operating cash flow | $63.3M | $55.8M | $7.5M | +13% |
| Free cash flow (OCF − capex) | $52.0M | $38.2M | $13.8M | +36% |
| Capital expenditures | $11.4M | $17.6M | −$6.3M | -36% |
Questions
How much did McGrath Rentcorp's revenue grow year over year in Q2 2026?
McGrath Rentcorp's revenue fell $14.5M (-6%) from $236M in Q2 2025 to $221M in Q2 2026.
What drove McGrath Rentcorp's revenue change in Q2 2026?
Enviroplex −$15.2M (-77%); Trs Ren Telco +$6.1M (+17%); Mobile Modular −$5.6M (-4%).