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Mcgrath Rentcorp MGRC Depreciation

Depreciation at other companies

WillScot Holdings Corporation logo
WillScot Holdings CorporationWSC
$72.24M-18.3%
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Custom Truck One SourceCTOS
$56.2M+12.2%

Segments

By segment

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Mobile Modular$11.71M+9.0%
Trs Ren Telco$10.42M+8.0%
Portable Storage$1.1M+6.3%

Other financials

Income statement

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Revenue$221.1M-6.2%
Gross profit$107.9M-2.5%
Operating income$53.3M-6.8%
Net income$33.7M-6.4%
EPS (diluted)$1.37-6.2%

Balance sheet

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Cash & equivalents$4.4M+198%
Total debt$12.9M+2.0%
Total equity$1.2B+7.1%
Total assets$2.5B+7.6%

Cash flow

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Operating cash flow$63.3M+13.5%
CapEx$11.4M-35.6%
Free cash flow$52.0M+36.1%

Valuation

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Market cap$2.92B-0.1%
P/E19.1×+7.5×
P/S3.1×0.0×

Profitability

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Gross margin48.5%+1.2pp
Operating margin25.5%-0.1pp
Net margin16.4%-10.4pp
FCF margin22.5%-10.9pp

Returns & leverage

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Return on equity12.7%-11.2pp
Debt / equity0×0.0×

Where this comes from

Reported directly by Mcgrath Rentcorp in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSoldDepreciation.

The source filing: Mcgrath Rentcorp’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 4:00 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-323614
(in thousands, except per share amounts)Three Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Total revenues221,112235,616419,654431,032
Costs and Expenses
Direct costs of rental operations:
Depreciation of rental equipment23,22821,42645,94342,931
Rental related services28,37625,47753,49349,790
Other34,47631,51966,60659,171
Total direct costs of rental operations86,08078,422166,042151,892
Costs of sales27,12546,48048,81571,990

Item 1. Financial Statements

FAQ

What is Mcgrath Rentcorp's depreciation?
Mcgrath Rentcorp (MGRC) reported depreciation of $23.23M in Q2 2026.
How has Mcgrath Rentcorp's depreciation changed year-over-year?
Mcgrath Rentcorp's depreciation increased by 8.4% year-over-year, from $21.43M to $23.23M.
What is the long-term trend for Mcgrath Rentcorp's depreciation?
Over 4 years (2021 to 2025), Mcgrath Rentcorp's depreciation has grown at a -1.4% compound annual growth rate (CAGR), from $91.89M to $86.94M.
What does depreciation mean?
This represents the systematic allocation of the cost of tangible rental assets over their estimated useful lives. It is a critical non-cash expense that reflects the wear and tear of the rental fleet and impacts the company's reported profitability.

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