Filing Flows › McGrath Rentcorp (MGRC) › Q3 2026 › vs Q3 2025
McGrath Rentcorp (MGRC) Q3 2026 vs Q3 2025 (year over year)
McGrath Rentcorp's revenue rose $18.2M (+7%) from $256M in Q3 2025 to $275M in Q3 2026. The biggest changes: Enviroplex +$12.0M (+88%); Trs Ren Telco +$8.4M (+23%); Mobile Modular −$1.5M (-0.9%). Gross margin 47.7% against 46.5% (+1.2 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 47.7% | 46.5% | +1.2 pts |
| Operating margin | 26.9% | 26.0% | +0.9 pts |
| Net margin | 17.8% | 16.5% | +1.3 pts |
| Free cash flow margin | 19.6% | 20.8% | -1.3 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Mobile Modular | $180M | $181M | −$1.5M | -0.9% |
| Trs Ren Telco | $45.3M | $36.9M | $8.4M | +23% |
| Enviroplex | $25.7M | $13.7M | $12.0M | +88% |
| Portable Storage | $23.7M | $24.4M | −$732K | -3% |
| Revenue | $275M | $256M | $18.2M | +7% |
| Gross profit | $131M | $119M | $11.6M | +10% |
| Cost of revenue | $144M | $137M | $6.5M | +5% |
| Operating profit | $73.9M | $66.7M | $7.2M | +11% |
| Operating expenses | $56.9M | $52.5M | $4.4M | +8% |
| Pre-tax earnings | $66.0M | $58.5M | $7.5M | +13% |
| Other expense, net | $8.0M | $8.2M | −$238K | -3% |
| Net earnings | $48.8M | $42.3M | $6.5M | +15% |
| Income tax | $17.2M | $16.2M | $954K | +6% |
| Depreciation & amortization | $29.7M | $27.0M | $2.7M | +10% |
| Share-based compensation | $2.8M | $2.8M | $6K | +0.2% |
| Working capital & other | $9.0M | $7.0M | $2.0M | +29% |
| Operating cash flow | $72.3M | $65.1M | $7.2M | +11% |
| Free cash flow (OCF − capex) | $53.7M | $53.5M | $250K | +0.5% |
| Capital expenditures | $18.6M | $11.6M | $7.0M | +60% |
Questions
How much did McGrath Rentcorp's revenue grow year over year in Q3 2026?
McGrath Rentcorp's revenue rose $18.2M (+7%) from $256M in Q3 2025 to $275M in Q3 2026.
What drove McGrath Rentcorp's revenue change in Q3 2026?
Enviroplex +$12.0M (+88%); Trs Ren Telco +$8.4M (+23%); Mobile Modular −$1.5M (-0.9%).