Filing Flows › McGrath Rentcorp (MGRC) › Q4 2025
McGrath Rentcorp (MGRC) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 25, 2026
McGrath Rentcorp (MGRC) reported revenue of $257M for the fourth quarter 2025 (Q4 2025), +5% from a year earlier and +0.1% from the quarter before. Operating margin was 28.9%, net earnings $49.8M (19.4% of revenue).
McGrath Rentcorp, Q4 2025: revenue $257M (+5% year over year), operating margin 28.9%, net earnings $49.8M, operating cash flow $80.9M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $257M | +0.1% | +5% |
| Gross profit | $129M | +8% | +12% |
| Operating profit | $74.2M | +11% | +18% |
| Net earnings | $49.8M | +18% | +28% |
| Operating cash flow | $80.9M | +24% | +120% |
| Free cash flow | $69.8M | +31% | +114% |
What changed
Revenue was $256.8M in Q4 2025, up 5% year over year and roughly flat from the previous quarter.
Gross margin was 50.1%, up 3.0 points from a year earlier. Operating profit was $74.2M, a 28.9% margin (up 3.0 points year over year). Of the extra revenue versus a year earlier, 85% reached operating profit, above the 26% margin then. Operating expenses grew 5% against revenue growth of 5%. Net earnings were $49.8M, up 28% year over year. The effective tax rate was 26.4%.
Operating cash flow was $80.9M (up 120% year over year), 162% of net earnings. Non-cash charges added back $27.4M of depreciation and amortization and $3.1M of share-based compensation. Capital expenditures of $11.1M left free cash flow of $69.8M.
Questions
What was McGrath Rentcorp's revenue in the fourth quarter 2025?
McGrath Rentcorp (MGRC) reported revenue of $257M for the fourth quarter 2025 (Q4 2025), +5% from a year earlier and +0.1% from the quarter before.
Was McGrath Rentcorp profitable in the fourth quarter 2025?
Operating profit was $74.2M (28.9% of revenue) and net earnings $49.8M.
Source: McGrath Rentcorp 10-K on SEC EDGAR.