McGrath RentCorp filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on October 28, 2026, reporting third-quarter net income of $48,803 thousand and nine-month net income of $109,508 thousand.

Key Highlights

  • Q3 2026 total revenues: $274,606 thousand, up from $256,443 thousand in Q3 2025, according to the filing.
  • Q3 2026 net income: $48,803 thousand, compared with $42,297 thousand in the prior-year quarter.
  • Diluted EPS for Q3 2026: $2.00, versus $1.72 in Q3 2025; nine-month diluted EPS was $4.46.
  • Cash dividend declared per share: $0.495 for Q3 2026, compared with $0.485 in Q3 2025.
  • Total assets as of September 30, 2026: $2,575,817 thousand, up from $2,357,117 thousand at December 31, 2025.
  • Notes payable: $618,257 thousand at September 30, 2026, versus $514,924 thousand at December 31, 2025.
  • Shares outstanding as of October 27, 2026: 24,364,345 shares of common stock.

McGrath RentCorp Reports Higher Rental Revenue and Expanded Asset Base in Third Quarter 2026

According to the filing, McGrath RentCorp (NASDAQ:MGRC) generated total revenues of $274,606 thousand for the three months ended September 30, 2026, compared with $256,443 thousand for the same period in 2025. Rental revenues alone increased to $139,057 thousand from $128,488 thousand year over year. Rental related services revenues were $50,418 thousand in Q3 2026, up from $49,622 thousand in Q3 2025. Sales revenues rose to $82,898 thousand from $76,058 thousand in the prior-year quarter.

The company reported gross profit of $130,874 thousand for Q3 2026, compared with $119,257 thousand in Q3 2025. Selling and administrative expenses were $56,935 thousand, versus $52,540 thousand a year earlier, the filing disclosed. Income from operations reached $73,939 thousand for the quarter, up from $66,717 thousand. Interest expense declined modestly to $7,965 thousand from $8,177 thousand. The provision for income taxes was $17,165 thousand in Q3 2026, compared with $16,211 thousand in Q3 2025.

For the nine months ended September 30, 2026, total revenues were $694,260 thousand versus $687,475 thousand in the comparable prior-year period. Net income for the nine-month period was $109,508 thousand, compared with $106,479 thousand. On the balance sheet, rental equipment at cost grew to $2,242,956 thousand as of September 30, 2026, from $2,068,035 thousand at December 31, 2025, reflecting increases across relocatable modular buildings, portable storage containers, and electronic test equipment. Total liabilities were $1,297,710 thousand at quarter end, up from $1,120,094 thousand at year-end 2025. The company's independent registered public accounting firm, Grant Thornton LLP, issued its review report dated October 28, 2026, stating it was not aware of any material modifications needed to the interim financial statements.

What Was Disclosed

McGrath RentCorp's 10-Q for the period ended September 30, 2026, disclosed quarterly and nine-month income statement results, balance sheet data, per-share earnings, dividend declarations, and share count as of October 27, 2026, reviewed by Grant Thornton LLP.