Mcgrath Rentcorp (MGRC) Operating Expenses (2010 - 2026)
Mcgrath Rentcorp's (MGRC) quarterly Operating Expenses came in at $56.4 million in Q2 2026, up 5.4% YoY from $53.5 million in Q2 2025, and up 5.51% on a QoQ basis from $53.5 million in Q1 2026.
Mcgrath Rentcorp (MGRC) Operating Expenses (2010 - 2026) Analysis & Trends
Mcgrath Rentcorp (MGRC) has 17 years of Operating Expenses data on file, last reported at $56.4 million in Q2 2026.
- Quarterly Operating Expenses rose 5.4% year-over-year to $56.4 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $216.9 million (up 5.59% YoY) and the FY2025 annual result came in at $211.4 million, up 5.45% from the prior year.
- Operating Expenses grew to $56.4 million in Q2 2026, from $53.5 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $57.5 million in Q1 2023 to a low of $32.6 million in Q1 2022.
- A 5-year average of $48.5 million and a median of $50.7 million in 2024 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses soared 187.54% — and 2024, when it slipped 12.23%.
- Tracing MGRC's Operating Expenses over 5 years: stood at $39.5 million in 2022, then soared by 37.83% to $54.5 million in 2023, then decreased by 5.21% to $51.7 million in 2024, then climbed by 5.29% to $54.4 million in 2025, then climbed by 3.74% to $56.4 million in 2026.
- The last three Operating Expenses figures came in at $56.4 million (Q2 2026), $53.5 million (Q1 2026), and $54.4 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sunbelt Rentals Holdings | 33.89 Bn | 33.86 Bn | 978.00 Mn | 453.00 Mn |
| 2 | AerCap Holdings | 23.44 Bn | 23.44 Bn | 2.02 Bn | 1.37 Bn |
| 3 | U-Haul Holding | 14.45 Bn | 14.45 Bn | - | - |
| 4 | Ryder System | 10.03 Bn | 10.03 Bn | 1.45 Bn | 3.16 Bn |
| 5 | Gatx | 6.36 Bn | 6.36 Bn | 555.30 Mn | 419.70 Mn |
| 6 | Herc Holdings | 5.78 Bn | 5.74 Bn | 713.00 Mn | 158.00 Mn |
| 7 | Avis Budget | 4.96 Bn | 4.41 Bn | - | 2.93 Bn |
| 8 | WillScot Holdings | 4.19 Bn | 4.17 Bn | 306.26 Mn | 165.71 Mn |
| 9 | Mcgrath Rentcorp | 2.96 Bn | 2.96 Bn | 107.91 Mn | 56.44 Mn |
| 10 | Custom Truck One Source | 2.44 Bn | 2.43 Bn | 123.97 Mn | 77.36 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 56.44 Mn |
| Mar 31, 2026 | 53.49 Mn |
| Dec 31, 2025 | 54.40 Mn |
| Sep 30, 2025 | 52.54 Mn |
| Jun 30, 2025 | 53.54 Mn |
| Mar 31, 2025 | 50.87 Mn |
| Dec 31, 2024 | 51.67 Mn |
| Sep 30, 2024 | 49.30 Mn |
| Jun 30, 2024 | 49.00 Mn |
| Mar 31, 2024 | 50.46 Mn |
| Dec 31, 2023 | 54.51 Mn |
| Sep 30, 2023 | 48.51 Mn |
| Jun 30, 2023 | 47.03 Mn |
| Mar 31, 2023 | 57.50 Mn |
| Dec 31, 2022 | 39.55 Mn |
| Sep 30, 2022 | 36.95 Mn |
| Jun 30, 2022 | 33.81 Mn |
| Mar 31, 2022 | 32.61 Mn |
| Dec 31, 2021 | 13.75 Mn |
| Sep 30, 2021 | 39.91 Mn |