Filing Flows › McGrath Rentcorp (MGRC) › Q2 2026
McGrath Rentcorp (MGRC) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 29, 2026
McGrath Rentcorp (MGRC) reported revenue of $221M for the second quarter 2026 (Q2 2026), -6% from a year earlier and +11% from the quarter before. Operating margin was 24.1%, net earnings $33.7M (15.2% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $221M | +11% | -6% |
| Gross profit | $108M | +11% | -3% |
| Operating profit | $53.3M | +23% | -7% |
| Net earnings | $33.7M | +25% | -6% |
| Operating cash flow | $63.3M | +49% | +13% |
| Free cash flow | $52.0M | +51% | +36% |
What changed
Revenue was $221.1M in Q2 2026, down 6% year over year and up 11% from the previous quarter. Mobile Modular was the largest line at 68% of revenue. Enviroplex lost $15.2M year over year (down 77%), 105% of the total change.
Gross margin was 48.8%, up 1.8 points from Q2 2025. Operating profit was $53.3M, a 24.1% margin (down 0.2 points year over year). Operating expenses grew 2% against a revenue fall of 6%. Net earnings were $33.7M, down 6% year over year. The effective tax rate was 27.0%.
Operating cash flow was $63.3M (up 13% year over year), 188% of net earnings. Non-cash charges added back $28.5M of depreciation and amortization and $2.9M of share-based compensation. Capital expenditures of $11.4M left free cash flow of $52.0M.
Questions
What was McGrath Rentcorp's revenue in the second quarter 2026?
McGrath Rentcorp (MGRC) reported revenue of $221M for the second quarter 2026 (Q2 2026), -6% from a year earlier and +11% from the quarter before.
Was McGrath Rentcorp profitable in the second quarter 2026?
Operating profit was $53.3M (24.1% of revenue) and net earnings $33.7M.
Source: McGrath Rentcorp 10-Q on SEC EDGAR.