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Custom Truck One Source vs McGrath Rentcorp: CTOS and MGRC compared
Custom Truck One Source is the larger company: $495M of revenue in its latest quarter (Q3 2026) against $275M for McGrath Rentcorp (Q3 2026). McGrath Rentcorp is growing faster (+7% against +3% a year earlier). McGrath Rentcorp is more profitable, with an operating margin of 26.9% against 7.7%.
Where the money goes: CTOS and MGRC
Custom Truck One Source (CTOS) · Q3 2026
Custom Truck One Source, Q3 2026: revenue $495M (+3% year over year), operating margin 7.7%, net earnings $2.3M, operating cash flow $163M. The chart follows the revenue to costs, profit and cash.
McGrath Rentcorp (MGRC) · Q3 2026
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.
| Custom Truck One Source (CTOS) | McGrath Rentcorp (MGRC) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $495M | $275M |
| Revenue growth, Y/Y | +3% | +7% |
| Gross margin | 22.9% | 47.7% |
| Operating margin | 7.7% | 26.9% |
| Net earnings | $2.3M | $48.8M |
| Net margin | 0.5% | 17.8% |
| Operating cash flow | $163M | $72.3M |
| Free cash flow | $151M | $53.7M |
| Market value | $2.1B | — |
| P/E | 66.6× | — |
| Analysts’ mean target | $13.17 | — |
Where the revenue comes from
Custom Truck One Source
- Total sales and services: $343M (69%)
- Total rental revenue: $153M (31%)
McGrath Rentcorp
- Mobile Modular: $180M (66%)
- Trs Ren Telco: $45.3M (17%)
- Enviroplex: $25.7M (9%)
- Portable Storage: $23.7M (9%)
Questions
Which is bigger, Custom Truck One Source or McGrath Rentcorp?
Custom Truck One Source is the larger company: $495M of revenue in its latest quarter (Q3 2026) against $275M for McGrath Rentcorp (Q3 2026).
Is Custom Truck One Source or McGrath Rentcorp growing faster?
McGrath Rentcorp is growing faster (+7% against +3% a year earlier).
Which is more profitable, Custom Truck One Source or McGrath Rentcorp?
McGrath Rentcorp is more profitable, with an operating margin of 26.9% against 7.7%.
More: Custom Truck One Source earnings · how Custom Truck One Source makes money · McGrath Rentcorp earnings · how McGrath Rentcorp makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 26, 2026; 10-Q filed Oct 28, 2026). Fiscal quarters can end on different dates. Not investment advice.