MGRCMCGRATH RENTCORP
Services-Equipment Rental & Leasing, NEC
- Revenue
- $944M
- 3.7% YoY
- Operating margin
- 25.8%
- 3.8% YoY
- EBITDA
- $351M
- 0.3% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 0.9×
- $301M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear164% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowClear24% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear13% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $129M | $155M | $832M | $911M | $944M | 3.7% |
| Operating income | $124M | $147M | $190M | $244M | $244M | 0.3% |
| Net income | $90M | $115M | $175M | $232M | $156M | 33% |
| Operating cash flow | $196M | $194M | $95M | $374M | $256M | 32% |
| Capex | $3M | $18M | $44M | $40M | $44M | 10% |
| Stock-based comp | $8M | $8M | $8M | $10M | $11M | 18% |
| Dividends | $42M | $44M | $46M | $47M | $48M | 2.4% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $863K · 1
- Net
- −$863K
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $7M | $6M | 172 | 190 |
| FY2024 | $5M | $4M | 181 | 159 |
| FY2023 | $5M | $9M | 190 | 135 |
| FY2022 | $3M | $5M | 154 | 114 |
| FY2021 | $3M | $4M | 122 | 121 |