McGrath RentCorp Q4 revenue rises

Mcgrath Rentcorp

25/02/2026 21:24

Overview

B2B rental firm's Q4 revenue rose 5% yr/yr, driven by rental operations and sales growth

Adjusted EBITDA for Q4 increased 14%, reflecting strong performance in key divisions

Company announced 2% increase in quarterly dividend, marking 35 years of increases

Outlook

McGrath expects 2026 revenue between $945 mln and $995 mln

Company forecasts 2026 adjusted EBITDA between $360 mln and $378 mln

McGrath plans 2026 rental equipment capital expenditures of $180 mln to $200 mln

Result Drivers

MOBILE MODULAR - Rental revenues increased 2% due to commercial customer demand and site-related services growth

TRS-RENTELCO - Rental revenues rose 13% due to improved market conditions and higher rental rates

PORTABLE STORAGE - Rental revenues grew 3%, benefiting from seasonal retail business despite soft commercial construction

Company press release: ID:nBw9KQzvTa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 EPS
$2.02
Q4 Net Income
$49.83 mln
Q4 Dividend
$0.495


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the business support services peer group is "buy"

Wall Street's median 12-month price target for McGrath RentCorp is $147.00, about 28.4% above its February 24 closing price of $114.48

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 17 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)