Filing Flows › McGrath Rentcorp (MGRC) › Q3 2026 › vs Q2 2026
McGrath Rentcorp (MGRC) Q3 2026 vs Q2 2026 (quarter over quarter)
McGrath Rentcorp's revenue rose $53.5M (+24%) from $221M in Q2 2026 to $275M in Q3 2026. The biggest changes: Mobile Modular +$29.5M (+20%); Enviroplex +$21.1M (+457%); Trs Ren Telco +$2.8M (+6%). Gross margin 47.7% against 48.8% (-1.1 pts).
McGrath Rentcorp, Q3 2026: revenue $275M (+7% year over year), operating margin 26.9%, net earnings $48.8M, operating cash flow $72.3M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 47.7% | 48.8% | -1.1 pts |
| Operating margin | 26.9% | 24.1% | +2.8 pts |
| Net margin | 17.8% | 15.2% | +2.5 pts |
| Free cash flow margin | 19.6% | 23.5% | -3.9 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Mobile Modular | $180M | $150M | $29.5M | +20% |
| Trs Ren Telco | $45.3M | $42.6M | $2.8M | +6% |
| Enviroplex | $25.7M | $4.6M | $21.1M | +457% |
| Portable Storage | $23.7M | $23.5M | $151K | +0.6% |
| Revenue | $275M | $221M | $53.5M | +24% |
| Gross profit | $131M | $108M | $23.0M | +21% |
| Cost of revenue | $144M | $113M | $30.5M | +27% |
| Operating profit | $73.9M | $53.3M | $20.7M | +39% |
| Operating expenses | $56.9M | $54.6M | $2.3M | +4% |
| Pre-tax earnings | $66.0M | $46.1M | $19.8M | +43% |
| Other expense, net | $8.0M | $7.2M | $820K | +11% |
| Net earnings | $48.8M | $33.7M | $15.1M | +45% |
| Income tax | $17.2M | $12.5M | $4.7M | +38% |
| Depreciation & amortization | $29.7M | $28.5M | $1.2M | +4% |
| Share-based compensation | $2.8M | $2.9M | −$84K | -3% |
| Working capital & other | $9.0M | $1.7M | $7.3M | +442% |
| Operating cash flow | $72.3M | $63.3M | $9.0M | +14% |
| Free cash flow (OCF − capex) | $53.7M | $52.0M | $1.7M | +3% |
| Capital expenditures | $18.6M | $11.4M | $7.2M | +64% |
Questions
How much did McGrath Rentcorp's revenue grow quarter over quarter in Q3 2026?
McGrath Rentcorp's revenue rose $53.5M (+24%) from $221M in Q2 2026 to $275M in Q3 2026.
What drove McGrath Rentcorp's revenue change in Q3 2026?
Mobile Modular +$29.5M (+20%); Enviroplex +$21.1M (+457%); Trs Ren Telco +$2.8M (+6%).