Mcgrath Rentcorp (MGRC) Other Operating Expenses (2020 - 2024)
Mcgrath Rentcorp (MGRC) reported Other Operating Expenses of $9.3 million for Q1 2024, down 17.3% on a YoY basis from $11.2 million in Q2 2023, and up 123.73% quarter-over-quarter from -$39.1 million in Q4 2023.
Mcgrath Rentcorp (MGRC) Other Operating Expenses (2020 - 2024) Analysis & Trends
Mcgrath Rentcorp has reported Other Operating Expenses for 5 years, with the latest figure at $9.3 million in Q1 2024.
- For the quarter ending Q1 2024, Other Operating Expenses fell 17.3% year-over-year to $9.3 million; the trailing twelve-month figure through Dec 2024 stood at $9.3 million (up 156.52% YoY), and the FY2024 full-year result was $180.0 million, up 4875.12% from the prior year.
- Other Operating Expenses for Q1 2024 stood at $9.3 million, up from -$39.1 million in the prior quarter.
- The five-year high for Other Operating Expenses was $47.0 million in Q4 2022, with the low at -$39.1 million in Q4 2023.
- Historically, Other Operating Expenses has averaged $18.8 million across 5 years, with a median of $23.2 million in 2021.
- Annual changes were most pronounced in 2022 — Other Operating Expenses surged 65.24% — and 2023, when it slumped 183.21%.
- Mcgrath Rentcorp's Other Operating Expenses stood at $35.4 million in 2020, then declined by 19.74% to $28.4 million in 2021, then surged by 65.24% to $47.0 million in 2022, then tumbled by 183.21% to -$39.1 million in 2023, then jumped by 123.73% to $9.3 million in 2024.
- The last three Other Operating Expenses figures came in at $9.3 million (Q1 2024), -$39.1 million (Q4 2023), and $3.6 million (Q3 2023), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | U-Haul Holding | 10.97 Bn | 10.97 Bn | -42.05 Mn |
| 2 | Ryder System | 10.36 Bn | 10.36 Bn | 3.02 Bn |
| 3 | Avis Budget | 6.65 Bn | 6.24 Bn | - |
| 4 | Gatx | 6.31 Bn | 7.19 Bn | 561.90 Mn |
| 5 | WillScot Holdings | 5.22 Bn | 5.22 Bn | 285.68 Mn |
| 6 | Herc Holdings | 5.17 Bn | 5.13 Bn | 686.00 Mn |
| 7 | Mcgrath Rentcorp | 2.90 Bn | 2.90 Bn | 96.89 Mn |
| 8 | Custom Truck One Source | 2.57 Bn | 2.57 Bn | 103.06 Mn |
| 9 | EquipmentShare.com | 2.06 Bn | 1.75 Bn | - |
| 10 | Vestis | 1.70 Bn | 1.65 Bn | 173.69 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2024 | 9.28 Mn |
| Dec 31, 2023 | -39.12 Mn |
| Sep 30, 2023 | 3.56 Mn |
| Jun 30, 2023 | 27.95 Mn |
| Mar 31, 2023 | 11.22 Mn |
| Dec 31, 2022 | 47.01 Mn |
| Sep 30, 2022 | 28.42 Mn |
| Jun 30, 2022 | 24.51 Mn |
| Mar 31, 2022 | 10.28 Mn |
| Dec 31, 2021 | 28.45 Mn |
| Sep 30, 2021 | 23.18 Mn |
| Jun 30, 2021 | 22.55 Mn |
| Mar 31, 2021 | 18.89 Mn |
| Dec 31, 2020 | 35.44 Mn |
| Sep 30, 2020 | 30.97 Mn |