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Prog Holdings vs McGrath Rentcorp: PRG and MGRC compared
Prog Holdings is the larger company: $726M of revenue in its latest quarter (Q3 2026) against $275M for McGrath Rentcorp (Q3 2026). Prog Holdings is growing faster (+26% against +7% a year earlier). McGrath Rentcorp is more profitable, with an operating margin of 26.9% against 9.1%.
Where the money goes: PRG and MGRC
Prog Holdings (PRG) · Q3 2026
Prog Holdings, Q3 2026: revenue $726M (+26% year over year), operating margin 9.1%, net earnings $37.2M, operating cash flow $108M. 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.
| Prog Holdings (PRG) | McGrath Rentcorp (MGRC) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $726M | $275M |
| Revenue growth, Y/Y | +26% | +7% |
| Gross margin | — | 47.7% |
| Operating margin | 9.1% | 26.9% |
| Net earnings | $37.2M | $48.8M |
| Net margin | 5.1% | 17.8% |
| Operating cash flow | $108M | $72.3M |
| Free cash flow | $103M | $53.7M |
| Market value | $1.5B | — |
| P/E | 10.2× | — |
| Analysts’ mean target | $49.00 | — |
Where the revenue comes from
Prog Holdings
- Lease revenues and fees: $552M (76%)
- Product and service revenues: $129M (18%)
- Other revenue: $44.6M (6%)
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, Prog Holdings or McGrath Rentcorp?
Prog Holdings is the larger company: $726M of revenue in its latest quarter (Q3 2026) against $275M for McGrath Rentcorp (Q3 2026).
Is Prog Holdings or McGrath Rentcorp growing faster?
Prog Holdings is growing faster (+26% against +7% a year earlier).
Which is more profitable, Prog Holdings or McGrath Rentcorp?
McGrath Rentcorp is more profitable, with an operating margin of 26.9% against 9.1%.
More: Prog Holdings earnings · how Prog Holdings 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 28, 2026; 10-Q filed Oct 28, 2026). Fiscal quarters can end on different dates. Not investment advice.