Mcgrath Rentcorp (MGRC) Operating Margin (2010 - 2026)
Mcgrath Rentcorp (MGRC) reported Operating Margin of 21.86% for Q1 2026, down 146.0% on a YoY basis from 47.52% in Q1 2025, and down 24.32% quarter-over-quarter from 28.89% in Q4 2025.
Mcgrath Rentcorp (MGRC) Operating Margin (2010 - 2026) Analysis & Trends
Mcgrath Rentcorp has reported Operating Margin for 17 years, with the latest figure at 21.86% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin fell 146.0% year-over-year to 21.86%; the trailing twelve-month figure through Mar 2026 stood at 25.49% (down 40.0% YoY), and the FY2025 full-year result was 25.8%, down 101.0% from the prior year.
- Operating Margin for Q1 2026 stood at 21.86%, down from 28.89% in the prior quarter.
- The five-year high for Operating Margin was 28.89% in Q4 2025, with the low at 12.14% in Q1 2023.
- Historically, Operating Margin has averaged 24.18% across 5 years, with a median of 25.13% in 2023.
- Annual changes were most pronounced in 2022 — Operating Margin soared 1899 bps — and 2023, when it plunged 820 bps.
- Mcgrath Rentcorp's Operating Margin stood at 26.7% in 2022, then declined by 6 bps to 25.13% in 2023, then grew by 3 bps to 25.88% in 2024, then gained by 12 bps to 28.89% in 2025, then slipped by 24 bps to 21.86% in 2026.
- The last three Operating Margin figures came in at 21.86% (Q1 2026), 28.89% (Q4 2025), and 26.02% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | U-Haul Holding | 10.97 Bn | 10.97 Bn | -42.05 Mn | 381.90% |
| 2 | Ryder System | 10.36 Bn | 10.36 Bn | 3.02 Bn | 0.45% |
| 3 | Avis Budget | 6.65 Bn | 6.24 Bn | - | - |
| 4 | Gatx | 6.31 Bn | 7.19 Bn | 561.90 Mn | 25.96% |
| 5 | WillScot Holdings | 5.22 Bn | 5.22 Bn | 285.68 Mn | 17.62% |
| 6 | Herc Holdings | 5.17 Bn | 5.13 Bn | 686.00 Mn | 25.72% |
| 7 | Mcgrath Rentcorp | 2.90 Bn | 2.90 Bn | 96.89 Mn | 21.86% |
| 8 | Custom Truck One Source | 2.57 Bn | 2.57 Bn | 103.06 Mn | 6.82% |
| 9 | EquipmentShare.com | 2.06 Bn | 1.75 Bn | - | - |
| 10 | Vestis | 1.70 Bn | 1.65 Bn | 173.69 Mn | 4.06% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 21.86% |
| Dec 31, 2025 | 28.89% |
| Sep 30, 2025 | 26.02% |
| Jun 30, 2025 | 24.26% |
| Mar 31, 2025 | 23.32% |
| Dec 31, 2024 | 25.88% |
| Sep 30, 2024 | 28.00% |
| Jun 30, 2024 | 25.59% |
| Mar 31, 2024 | 27.73% |
| Dec 31, 2023 | 25.13% |
| Sep 30, 2023 | 27.34% |
| Jun 30, 2023 | 23.44% |
| Mar 31, 2023 | 12.14% |
| Dec 31, 2022 | 26.70% |
| Sep 30, 2022 | 22.88% |
| Jun 30, 2022 | 21.61% |
| Mar 31, 2022 | 20.34% |
| Dec 31, 2021 | 7.71% |
| Sep 30, 2021 | 20.72% |
| Jun 30, 2021 | 20.22% |