129.33
+3.45%
Close of 9 Nov 2026, in USD
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About McGrath Rent
From its filings with the US Securities and Exchange Commission
McGrath Rent is based in Livermore, California and is incorporated in California. Its shares trade on Nasdaq under the ticker MGRC. The SEC classifies its business as equipment rental & leasing, nec. In the fiscal year to 31 December 2025, it reported revenue of $944.2m and net income of $156.3m. At that date it held total assets of $2.36bn and shareholders' equity of $1.24bn.
The Company is a diversified business-to-business rental company with three rental divisions: relocatable modular buildings, portable storage containers and electronic test equipment. Although the Company’s primary emphasis is on equipment rentals, sales of equipment occur in the normal course of business. At December 31, 2025, the Company was comprised of four reportable business segments: (1) its modular building segment (“Mobile Modular”); (2) its portable storage container segment (“Portable Storage”); (3) its electronic test equipment segment (“TRS-RenTelco”); and (4) its classroom manufacturing business selling modular buildings used primarily as classrooms in California (“Enviroplex”).
As previously disclosed, on January 28, 2024, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”), with WillScot Mobile Mini Holdings Corp., a Delaware corporation ("WillScot Mobile Mini”), Brunello Merger Sub I, Inc., a California corporation and a direct wholly owned subsidiary of WillScot Mobile Mini, and Brunello Merger Sub II, LLC, a Delaware limited liability company and direct wholly owned subsidiary of WillScot Mobile Mini. On September 17, 2024, the Company and WillScot Mobile Mini mutually agreed to terminate the Merger Agreement, effective upon WillScot Mobile Mini's cash payment of $180.0 million to the Company, which was received on September 20, 2024.
Quoted from its 10-K, filed 25 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Industrials
- Industry
- Trading Companies & Distributors
- Listed since
- 14 Nov 1984
- Employees
- 1,306
- Website
- mgrc.com ↗
- Head office
- 5700 LAS POSITAS RD, LIVERMORE, CA, 94551
- Incorporated in
- CA
- Classification
- Services-Equipment Rental & Leasing, NEC
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Bradley ShusterIndependent Chairman of the Board$297,900
- Mr. Joseph HannaPresident, Chief Executive Officer, Director, since 2003$5.5m
- Mr. Keith PrattChief Financial Officer, Executive Vice President, Assistant Corporate Secretary$2.1m
- Mr. Philip HawkinsChief Operating Officer, Executive Vice President$1.5m
- Ms. Tara WescottChief Human Resources Officer, Senior Vice President
- Mr. David WhitneySenior Vice President, Chief Accounting Officer
- Ms. Gilda MalekSenior Vice President, Chief Legal Officer and Corporate Secretary$1.2m
- Ms. Kristina TreaseSenior Vice President, Chief Strategy Officer$995,002
- Mr. John LieffrigVice President - Portable Storage$841,223
- Mr. John SkeneskyVice President - TRS-RenTelco$620,504
- Mr. Nicolas AndersonIndependent Director$227,400
- Ms. Kimberly BoxIndependent Director$234,199
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 79
- Environment
- 65
- Social
- 89
- Governance
- 82
- Direct emissions (scope 1)
- 8,103 t
- Energy emissions (scope 2)
- 1,751 t
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- McGrath RentCorp has several strengths that contribute to its success in the market. Firstly, the company has a diverse range of products and services, including modular buildings, portable storage containers, and electronic test equipment. This diverse portfolio allows the company to cater to the needs of various industries and customers. Secondly, McGrath RentCorp has a strong financial position with steady revenue growth and a solid balance sheet. This financial stability enables the company to invest in new equipment and facilities, expanding its market presence and attracting more customers. Furthermore, McGrath RentCorp has established long-term relationships with key customers and has a reputation for providing high-quality and reliable rental solutions. This loyal customer base provides a consistent source of revenue and allows the company to benefit from repeat business. Lastly, McGrath RentCorp has a well-trained and knowledgeable workforce. The company invests in employee training and development programs, ensuring that its staff is equipped with the necessary expertise to deliver excellent customer service and maintain a competitive edge in the market.
Weaknesses
- Despite its strengths, McGrath RentCorp also faces certain weaknesses that could impact its performance. One significant weakness is the company's dependence on a few major customers for a significant portion of its revenue. If any of these key customers were to reduce their rental needs or terminate their contracts, it could have a detrimental effect on the company's financials. Additionally, McGrath RentCorp's profitability can be affected by the costs associated with maintaining and servicing its rental equipment. These costs include repairs, maintenance, and transportation expenses. Any inefficiencies in these areas could impact the company's margins. Another weakness lies in the company's geographical concentration. A significant portion of McGrath RentCorp's assets and operations are concentrated in certain regions, making it susceptible to regional economic downturns or regulatory changes that could negatively impact its business. Lastly, McGrath RentCorp faces intense competition from both local and national rental solution providers. This competitive landscape puts pressure on the company to continually innovate and differentiate itself to maintain market share and attract new customers.
Opportunities
- McGrath RentCorp has several opportunities for growth and expansion in the market. Firstly, the increasing trend of companies outsourcing non-core functions presents an opportunity for McGrath RentCorp to attract new customers who are looking for cost-effective and flexible rental solutions. Additionally, the growing construction and infrastructure development activities provide a favorable market environment for McGrath RentCorp's modular building and portable storage solutions. The company can capitalize on these opportunities by expanding its product offerings and targeting specific industries or regions with high growth potential. Furthermore, technological advancements and increased adoption of electronic test equipment create a demand for rental services in this sector. McGrath RentCorp can leverage its expertise in this area and invest in the latest equipment to cater to this growing market. Lastly, the expansion of online platforms and e-commerce opens up new avenues for reaching and engaging with customers. By leveraging digital marketing strategies and online rental platforms, McGrath RentCorp can enhance its brand visibility, attract a broader customer base, and streamline the rental process.
Threats
- McGrath RentCorp faces certain threats that could impact its business operations. Firstly, economic downturns or recessions can lead to reduced construction activities and a decline in demand for rental solutions. The company must be prepared for such fluctuations in the market and have contingency plans in place. Additionally, changes in regulations or government policies can affect the company's operations, particularly in terms of permits and environmental compliance. McGrath RentCorp needs to stay updated with any regulatory changes and ensure that its operations align with the latest requirements. Furthermore, the rapid pace of technological advancements poses a threat to the company. If McGrath RentCorp fails to keep up with the latest trends and invest in modern equipment, it may lose its competitive advantage and struggle to meet customer demands. Lastly, the ongoing COVID-19 pandemic has had a significant impact on various industries and businesses, including McGrath RentCorp. Uncertainties related to the duration and severity of the pandemic can disrupt the company's operations and affect its financial performance.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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