Filing Flows › McGrath Rentcorp (MGRC) › How it makes money
How McGrath Rentcorp (MGRC) makes money
McGrath Rentcorp (MGRC) made $275M of revenue in the third quarter 2026 (Q3 2026), +7% from a year earlier. Mobile Modular brought in $180M (66%); Trs Ren Telco brought in $45.3M (17%); Enviroplex brought in $25.7M (9%). Of every dollar of revenue, 48¢ was left as gross profit, 27¢ was left as operating profit, 18¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Mobile Modular | $180M | 65.5% | +20% | -0.9% |
| Trs Ren Telco | $45.3M | 16.5% | +6% | +23% |
| Enviroplex | $25.7M | 9.4% | +457% | +88% |
| Portable Storage | $23.7M | 8.6% | +0.6% | -3% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $275M | 100.0% |
| Cost of revenue | $144M | 52.3% |
| Gross profit | $131M | 47.7% |
| Operating expenses | $56.9M | 20.7% |
| Operating profit | $73.9M | 26.9% |
| Income tax | $17.2M | 6.3% |
| Net earnings | $48.8M | 17.8% |
| Operating cash flow | $72.3M | 26.3% |
| Free cash flow | $53.7M | 19.6% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $275M | +7% |
| Q2 2026 | $221M | -6% |
| Q1 2026 | $199M | +2% |
| Q4 2025 | $257M | +5% |
| Q3 2025 | $256M | -4% |
| Q2 2025 | $236M | +11% |
| Q1 2025 | $195M | +4% |
From McGrath Rentcorp's 10-Q filed Oct 28, 2026 (on EDGAR).
Questions
How does McGrath Rentcorp make money?
McGrath Rentcorp (MGRC) made $275M of revenue in the third quarter 2026 (Q3 2026), +7% from a year earlier. Mobile Modular brought in $180M (66%); Trs Ren Telco brought in $45.3M (17%); Enviroplex brought in $25.7M (9%). Of every dollar of revenue, 48¢ was left as gross profit, 27¢ was left as operating profit, 18¢ was left as net earnings.
What is McGrath Rentcorp's biggest business?
Mobile Modular: $180M in the third quarter 2026, 66% of revenue, -0.9% from a year earlier.
What is McGrath Rentcorp's profit margin?
Net earnings were $48.8M, 17.8% of revenue, in the third quarter 2026; the operating margin was 26.9%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.