McGrath RentCorp (MGRC) - Net Assets
Based on the latest financial reports, McGrath RentCorp (MGRC) has net assets worth $1.24 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.36 Billion) and total liabilities ($1.12 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check asset resilience ratio of McGrath RentCorp to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.24 Billion |
| % of Total Assets | 52.48% |
| Annual Growth Rate | 12.38% |
| 5-Year Change | 68.99% |
| 10-Year Change | 213.74% |
| Growth Volatility | 17.18 |
McGrath RentCorp - Net Assets Trend (1985–2025)
This chart illustrates how McGrath RentCorp's net assets have evolved over time, based on quarterly financial data. Also explore MGRC asset base for the complete picture of this company's asset base.
Annual Net Assets for McGrath RentCorp (1985–2025)
The table below shows the annual net assets of McGrath RentCorp from 1985 to 2025. For live valuation and market cap data, see McGrath RentCorp stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.24 Billion | +10.12% |
| 2024-12-31 | $1.12 Billion | +20.30% |
| 2023-12-31 | $933.80 Million | +16.15% |
| 2022-12-31 | $803.95 Million | +9.83% |
| 2021-12-31 | $732.02 Million | +7.24% |
| 2020-12-31 | $682.60 Million | +7.66% |
| 2019-12-31 | $634.04 Million | +10.94% |
| 2018-12-31 | $571.53 Million | +9.03% |
| 2017-12-31 | $524.18 Million | +32.94% |
| 2016-12-31 | $394.29 Million | +3.85% |
| 2015-12-31 | $379.69 Million | -10.56% |
| 2014-12-31 | $424.53 Million | +5.86% |
| 2013-12-31 | $401.03 Million | +9.95% |
| 2012-12-31 | $364.74 Million | +9.48% |
| 2011-12-31 | $333.14 Million | +12.94% |
| 2010-12-31 | $294.98 Million | +10.31% |
| 2009-12-31 | $267.41 Million | +7.02% |
| 2008-12-31 | $249.88 Million | +2.40% |
| 2007-12-31 | $244.03 Million | +4.17% |
| 2006-12-31 | $234.27 Million | +16.17% |
| 2005-12-31 | $201.67 Million | +18.75% |
| 2004-12-31 | $169.82 Million | +15.63% |
| 2003-12-31 | $146.87 Million | +3.34% |
| 2002-12-31 | $142.13 Million | +5.64% |
| 2001-12-31 | $134.54 Million | +19.63% |
| 2000-12-31 | $112.46 Million | +14.53% |
| 1999-12-31 | $98.20 Million | -9.07% |
| 1998-12-31 | $108.00 Million | +7.89% |
| 1997-12-31 | $100.10 Million | +12.73% |
| 1996-12-31 | $88.80 Million | +3.38% |
| 1995-12-31 | $85.90 Million | +2.51% |
| 1994-12-31 | $83.80 Million | +10.12% |
| 1993-12-31 | $76.10 Million | +10.77% |
| 1992-12-31 | $68.70 Million | +7.68% |
| 1991-12-31 | $63.80 Million | +53.73% |
| 1990-12-31 | $41.50 Million | +22.06% |
| 1989-12-31 | $34.00 Million | -2.02% |
| 1988-12-31 | $34.70 Million | +21.33% |
| 1987-12-31 | $28.60 Million | +24.89% |
| 1986-12-31 | $22.90 Million | +97.41% |
| 1985-12-31 | $11.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to McGrath RentCorp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 17602.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.12 Billion | 90.15% |
| Common Stock | $121.78 Million | 9.85% |
| Total Equity | $1.24 Billion | 100.00% |
McGrath RentCorp Competitors by Market Cap
The table below lists competitors of McGrath RentCorp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sino-American Silicon Products
TWO:5483
|
$2.59 Billion |
|
Shenzhen hongfuhan Technology Co. Ltd.
SHE:301086
|
$2.60 Billion |
|
Luoyang Xinqianglian Slewing Bearin
SHE:300850
|
$2.60 Billion |
|
Trump Media & Technology Group Corp.
NASDAQ:DJT
|
$2.60 Billion |
|
Long Young Electronic (Kunshan) Co. Ltd. A
SHE:301389
|
$2.59 Billion |
|
Lotte Shopping
KO:023530
|
$2.59 Billion |
|
Buckle Inc
NYSE:BKE
|
$2.59 Billion |
|
Momentum Metropolitan Holdings Ltd
JSE:MTM
|
$2.59 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in McGrath RentCorp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,123,368,000 to 1,237,023,000, a change of 113,655,000 (10.1%).
- Net income of 156,308,000 contributed positively to equity growth.
- Dividend payments of 47,900,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $156.31 Million | +12.64% |
| Dividends Paid | $47.90 Million | -3.87% |
| Other Changes | $5.25 Million | +0.42% |
| Total Change | $- | 10.12% |
Book Value vs Market Value Analysis
This analysis compares McGrath RentCorp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.18x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 269.41x to 2.18x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $0.41 | $109.38 | x |
| 1986-12-31 | $0.71 | $109.38 | x |
| 1987-12-31 | $0.82 | $109.38 | x |
| 1988-12-31 | $1.00 | $109.38 | x |
| 1989-12-31 | $1.10 | $109.38 | x |
| 1990-12-31 | $1.38 | $109.38 | x |
| 1991-12-31 | $1.94 | $109.38 | x |
| 1992-12-31 | $2.01 | $109.38 | x |
| 1993-12-31 | $2.26 | $109.38 | x |
| 1994-12-31 | $2.48 | $109.38 | x |
| 1995-12-31 | $2.65 | $109.38 | x |
| 1996-12-31 | $2.90 | $109.38 | x |
| 1997-12-31 | $3.25 | $109.38 | x |
| 1998-12-31 | $3.67 | $109.38 | x |
| 1999-12-31 | $3.56 | $109.38 | x |
| 2000-12-31 | $4.38 | $109.38 | x |
| 2001-12-31 | $5.27 | $109.38 | x |
| 2002-12-31 | $5.51 | $109.38 | x |
| 2003-12-31 | $5.87 | $109.38 | x |
| 2004-12-31 | $6.73 | $109.38 | x |
| 2005-12-31 | $7.84 | $109.38 | x |
| 2006-12-31 | $9.15 | $109.38 | x |
| 2007-12-31 | $9.59 | $109.38 | x |
| 2008-12-31 | $10.44 | $109.38 | x |
| 2009-12-31 | $11.20 | $109.38 | x |
| 2010-12-31 | $12.14 | $109.38 | x |
| 2011-12-31 | $13.45 | $109.38 | x |
| 2012-12-31 | $14.50 | $109.38 | x |
| 2013-12-31 | $15.47 | $109.38 | x |
| 2014-12-31 | $16.22 | $109.38 | x |
| 2015-12-31 | $14.91 | $109.38 | x |
| 2016-12-31 | $16.45 | $109.38 | x |
| 2017-12-31 | $21.60 | $109.38 | x |
| 2018-12-31 | $23.29 | $109.38 | x |
| 2019-12-31 | $25.75 | $109.38 | x |
| 2020-12-31 | $27.83 | $109.38 | x |
| 2021-12-31 | $29.86 | $109.38 | x |
| 2022-12-31 | $32.79 | $109.38 | x |
| 2023-12-31 | $38.07 | $109.38 | x |
| 2024-12-31 | $45.72 | $109.38 | x |
| 2025-12-31 | $50.22 | $109.38 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently McGrath RentCorp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.64%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.55%
- • Asset Turnover: 0.40x
- • Equity Multiplier: 1.91x
- Recent ROE (12.64%) is below the historical average (16.88%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 25.86% | 21.28% | 0.48x | 2.51x | $1.84 Million |
| 1986 | 12.66% | 16.48% | 0.27x | 2.87x | $610.00K |
| 1987 | 19.58% | 17.61% | 0.39x | 2.85x | $2.74 Million |
| 1988 | 18.44% | 17.98% | 0.39x | 2.65x | $2.93 Million |
| 1989 | 20.88% | 17.53% | 0.38x | 3.11x | $3.70 Million |
| 1990 | 22.89% | 18.16% | 0.44x | 2.87x | $5.35 Million |
| 1991 | 17.24% | 19.71% | 0.41x | 2.15x | $4.62 Million |
| 1992 | 14.70% | 18.50% | 0.38x | 2.10x | $3.23 Million |
| 1993 | 13.93% | 18.56% | 0.35x | 2.12x | $2.99 Million |
| 1994 | 15.51% | 19.03% | 0.40x | 2.03x | $4.62 Million |
| 1995 | 16.07% | 19.35% | 0.41x | 2.04x | $5.21 Million |
| 1996 | 17.45% | 17.42% | 0.45x | 2.25x | $6.62 Million |
| 1997 | 24.34% | 17.78% | 0.53x | 2.56x | $14.14 Million |
| 1998 | 22.68% | 17.65% | 0.49x | 2.64x | $13.36 Million |
| 1999 | 23.48% | 17.23% | 0.44x | 3.12x | $12.86 Million |
| 2000 | 25.00% | 16.60% | 0.46x | 3.28x | $16.35 Million |
| 2001 | 20.27% | 16.74% | 0.45x | 2.70x | $13.52 Million |
| 2002 | 9.09% | 8.71% | 0.46x | 2.25x | $-1.27 Million |
| 2003 | 15.76% | 17.33% | 0.40x | 2.25x | $8.29 Million |
| 2004 | 17.97% | 14.81% | 0.42x | 2.91x | $13.31 Million |
| 2005 | 20.57% | 15.00% | 0.49x | 2.78x | $20.97 Million |
| 2006 | 17.80% | 15.38% | 0.45x | 2.58x | $18.00 Million |
| 2007 | 17.38% | 15.12% | 0.43x | 2.68x | $18.01 Million |
| 2008 | 16.49% | 13.55% | 0.38x | 3.18x | $16.22 Million |
| 2009 | 12.46% | 12.09% | 0.36x | 2.88x | $6.58 Million |
| 2010 | 12.37% | 12.52% | 0.35x | 2.83x | $6.98 Million |
| 2011 | 14.89% | 14.48% | 0.36x | 2.88x | $16.29 Million |
| 2012 | 12.28% | 12.30% | 0.37x | 2.67x | $8.30 Million |
| 2013 | 10.82% | 11.44% | 0.37x | 2.54x | $3.29 Million |
| 2014 | 10.77% | 11.20% | 0.37x | 2.63x | $3.26 Million |
| 2015 | 10.66% | 10.00% | 0.35x | 3.04x | $2.50 Million |
| 2016 | 9.70% | 9.02% | 0.38x | 2.86x | $-1.18 Million |
| 2017 | 29.36% | 33.31% | 0.40x | 2.19x | $101.50 Million |
| 2018 | 13.89% | 15.93% | 0.41x | 2.13x | $22.25 Million |
| 2019 | 15.27% | 16.98% | 0.44x | 2.07x | $33.40 Million |
| 2020 | 14.94% | 17.81% | 0.45x | 1.87x | $33.72 Million |
| 2021 | 12.25% | 14.54% | 0.39x | 2.18x | $16.50 Million |
| 2022 | 14.32% | 18.11% | 0.37x | 2.12x | $34.74 Million |
| 2023 | 18.70% | 20.99% | 0.37x | 2.43x | $81.24 Million |
| 2024 | 20.63% | 25.44% | 0.39x | 2.05x | $119.39 Million |
| 2025 | 12.64% | 16.55% | 0.40x | 1.91x | $32.61 Million |
Industry Comparison
This section compares McGrath RentCorp's net assets metrics with peer companies in the Rental & Leasing Services industry.
Industry Context
- Industry: Rental & Leasing Services
- Average net assets among peers: $1,814,110,588
- Average return on equity (ROE) among peers: -49.62%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| McGrath RentCorp (MGRC) | $1.24 Billion | 25.86% | 0.91x | $2.59 Billion |
| AerCap Holdings NV (AER) | $2.28 Billion | 7.54% | 2.99x | $22.94 Billion |
| Senmiao Technology Ltd (AIHS) | $2.57 Million | -402.71% | 7.67x | $5.47 Million |
| Air Lease Corporation (AL) | $2.33 Billion | 5.66% | 2.15x | $7.24 Billion |
| Alta Equipment Group Inc (ALTG) | $144.86 Million | 0.01% | 0.01x | $214.04 Million |
| TOUAX (ALTOU) | $153.66 Million | 4.86% | 2.72x | $28.40 Million |
| Avis Budget Group Inc (CAR) | $10.19 Billion | 11.51% | 2.83x | $6.55 Billion |
| Custom Truck One Source Inc (CTOS) | $394.02 Million | 1.31% | 0.04x | $1.45 Billion |
| FlexShopper Inc (FPAY) | $6.17 Million | -142.53% | 1.83x | $2.46K |
| FTAI Aviation Ltd. (FTAI) | $1.29 Billion | -0.92% | 0.28x | $24.61 Billion |
| GATX Corporation (GATX) | $1.35 Billion | 19.08% | 4.27x | $6.84 Billion |
About McGrath RentCorp
McGrath RentCorp operates as a business-to-business rental company in the United States and internationally. The company also engages in renting and selling relocatable modular buildings, portable storage containers, and electronic test equipment. The company operates through four segments: Mobile Modular, Portable Storage, TRS-RenTelco, and Enviroplex. The Mobile Modular segment rents and sells … Read more