MCGRATH RENTCORP (MGRC) FY2025 10-K Annual Report
MCGRATH RENTCORP (MGRC) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 25, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
MCGRATH RENTCORP FY2025 10-K Analysis
Business Overview
- • Core business: Rental and sale of modular space and portable storage solutions across multiple specialized segments
- • New emphasis: Increased pre-tax income contribution from Enviroplex (6% in 2025 vs 3% in 2024), indicating growing segment importance
Management Discussion & Analysis
- • Operating cash flow $255.7M in 2025 down from $374.4M in 2024 due to nonrecurring WillScot merger termination gain ($86M) and working capital changes
- • Adjusted free cash flow $152.4M in 2025 vs $106.8M in 2024, reflecting improved cash generation from operations and lower rental equipment purchases
Risk Factors
- • Environmental liability risk from California operations with potential soil or groundwater contamination exposure, possibly requiring costly remediation under complex and changing laws
- • CEO transition risk with new CEO appointed April 2026, possibly causing operational disruption or impacting investor and employee confidence
MCGRATH RENTCORP FY2025 Key Financial MetricsXBRL
Revenue
$944M
▲ +3.7% YoY
Net Income
$156M
▼ -32.5% YoY
Gross Margin
48.2%
▲ +39bp YoY
Operating Margin
25.8%
▼ -101bp YoY
Net Margin
16.6%
▼ -888bp YoY
ROE
12.6%
▼ -799bp YoY
Total Assets
$2.4B
▲ +3.5% YoY
EPS (Diluted)
$6.35
▼ -32.7% YoY
Operating Cash Flow
$256M
▼ -31.7% YoY
Source: XBRL data from MCGRATH RENTCORP FY2025 10-K filing on SEC EDGAR. All figures in USD.
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