Filing Flows › McGrath Rentcorp (MGRC) › Q3 2026
McGrath Rentcorp (MGRC) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 28, 2026
McGrath Rentcorp (MGRC) reported revenue of $275M for the third quarter 2026 (Q3 2026), +7% from a year earlier and +24% from the quarter before. Operating margin was 26.9%, net earnings $48.8M (17.8% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $275M | +24% | +7% |
| Gross profit | $131M | +21% | +10% |
| Operating profit | $73.9M | +39% | +11% |
| Net earnings | $48.8M | +45% | +15% |
| Operating cash flow | $72.3M | +14% | +11% |
| Free cash flow | $53.7M | +3% | +0.5% |
What changed
Revenue was $274.6M in Q3 2026, up 7% year over year and up 24% from the previous quarter. Mobile Modular was the largest line at 66% of revenue. Enviroplex added $12.0M year over year (up 88%), 66% of the total change. Portable Storage declined 3%.
Gross margin was 47.7%, up 1.2 points from Q3 2025. Operating profit was $73.9M, a 26.9% margin (up 0.9 points year over year). Of the extra revenue versus Q3 2025, 40% reached operating profit, above the 26% margin then. Operating expenses grew 8% against revenue growth of 7%. Net earnings were $48.8M, up 15% year over year. The effective tax rate was 26.0%.
Operating cash flow was $72.3M (up 11% year over year), 148% of net earnings. Non-cash charges added back $29.7M of depreciation and amortization and $2.8M of share-based compensation. Working capital and other items used $9.0M. Capital expenditures of $18.6M left free cash flow of $53.7M.
Questions
What was McGrath Rentcorp's revenue in the third quarter 2026?
McGrath Rentcorp (MGRC) reported revenue of $275M for the third quarter 2026 (Q3 2026), +7% from a year earlier and +24% from the quarter before.
Was McGrath Rentcorp profitable in the third quarter 2026?
Operating profit was $73.9M (26.9% of revenue) and net earnings $48.8M.
Source: McGrath Rentcorp 10-Q on SEC EDGAR.