← BackMCGRATH RENTCORP · Equipment Rental & Leasing, NECMGRC
Low riskNext report: Due any day
The short versionA high-quality, profitable business with shrinking sales. Institutions are adding.
Going well
- Profitable every year for 10 years
- Brings in more cash than it spends
- Raised its dividend (1.6% yield)
Money moves
- Insiders sold $863K in the last 30 days, all through pre-planned sales
- Institutions added 2% to their holdings in the quarter ending June 2026 (162 bought, 90 sold)
- Held by Ray Dalio (Bridgewater)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$118.56+1.3% that day
- Company value
- $2.9B
- Share price times all shares
- Price vs profit (P/E)
- 19.1x
- You pay about $19 for each $1 of yearly profit
- Price vs sales
- 3.1x
- Company value is 3.1 times a year of sales
- Dividend yield
- 1.6%
- Yearly dividend as a share of today's price
- Cash vs value
- 0%
- Cash as a share of company value
- Debt vs value
- 18%
- Debt as a share of company value
From MGRC's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
The business over time
Last 12 quarters, from SEC filings
Sales, Jun '26$221.1M-6.2% vs a year earlier
Sep '23Tap a barJun '26
Last 12 months: $932.9M, down 0.9% from the 12 months before. Over 5 years, sales grew about 11% a year.
Business quality
The checklist Warren Buffett-style investors use. Annual numbers for 2025.- MissReturn on equity 15%+Earns a lot on the money owners have in the business.13.2%
- PassDebt under half of equityNot relying on borrowed money.0.42x equity
- PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.16.6%
- PassProfitable every yearSteady profits, not one good year.10 of 10 years
- PassFree cash flow positiveBrings in more cash than it spends to run and grow.$211.3M
- PassShare count not growingNot diluting owners. Falling means buybacks.+0.5% in 3 years
- PassGross margin 40%+Pricing power: sells for well above what it costs to make.48.2%
- Revenue
- $944.2M
- +3.7% vs prior year
- 5-year growth
- +10.5%/yr
- revenue, per year
- Total debt
- $514.9M
- 0.42x equity
- Free cash flow
- $211.3M
- 22.4% of revenue
From annual reports filed with the SEC. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026- Revenue
- $221.1M
- -6.2% YoY
- EPS
- $1.37
- vs $1.46
- Op. margin
- 24.1%
- -0.2 pts
- Gross margin
- 48.8%
- +1.8 pts
- Free cash flow
- $52.0M
- Share count
- -0.5%
- vs a year ago
Insider rating
Last 90 days
45Mixed
- Pre-planned sales of $863K (weaker signal)
50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.
Weekly insider trend13 weeks agoBoughtSoldThis week
Filing buzz
Last 7 days vs normal
0/ 100
- This week
- 0
- Normal week
- 0.9
- vs normal
- 0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+2.0%Institutions added 2.0% to their holdings. 162 bought, 90 sold. 2 quarters of net buying in a row.
Shares held by institutions22.6M
Sep '24Jun '26
Share count growthYearly rate, last 3 years
-0.1%Cash runwayAt last year's cash burn
Cash flow positiveDebt to equityLatest balance sheet: debt compared with what owners have
0.5x · $589.9M debtShares outstandingLatest reported
24MNext reportDue any dayEstimated from the same quarter last year
- Results filedJul 29
- Results filedApr 29
- Results filedFeb 25
- Results filedOct 23, 2025
- Results filedJul 24, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days
No offerings, red flags or new big holders. Clean record.
Insider trades
Open-market buys and sells, last 90 days Bought$00 insiders
Sold$863K1 insider, 1 pre-planned
| Insider | Trade | Shares | Avg price | Value | Owns after | Date |
|---|
Joseph F HannaDirector | Sell | 8K | $115.04 | $863K | 144K | |
- -4.9% of their holdings
- Pre-planned sale (10b5-1)
- Filed 1 day after
|
"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.
Latest filings
Straight from SEC EDGAR
SoldJoseph F HannaDirector
7,500 shares at $115.04 · $863K
- -5% of holdings
- Now owns 144,049 shares
- Pre-planned sale (10b5-1)
- Filed 1 day after trade
SoldTara WescottSVP, Chief HR Officer
1,325 shares at $122.00 · $162K
- -14% of holdings
- Now owns 7,831 shares
- Not a pre-planned sale
- Filed 2 days after trade
Other transferJohn P SkeneskyVP and Division Manager
6,077 shares at $120.54 · $733K
- Owns no shares after
- Held by KSOP
- Filed 2 days after trade
SoldJohn P SkeneskyVP and Division Manager
2,000 shares at $120.41 · $241K
- -16% of holdings
- Now owns 10,634 shares
- Not a pre-planned sale
- Filed 2 days after trade
SoldPhilip B HawkinsPresident and CEO
4,435 shares at $120.91 avg ($120.91 to $124.00) · $536K
- -25% of holdings
- Now owns 13,371 shares
- Not a pre-planned sale
- 2 transactions
- Filed 2 days after trade
SoldJoseph F HannaDirector
7,500 shares at $120.64 avg ($119.21 to $121.23) · $905K
- -5% of holdings
- Now owns 151,549 shares
- Pre-planned sale (10b5-1)
- 3 transactions
- Filed 1 day after trade