McGrath RentCorp
MGRCMarket price data through November 12, 2026.
Performance
Nov 2021 – Nov 2026
Track record
How this pick has done since Benson first called it.
- Benson Return
- +14%
- How much this stock is up since Benson first picked it — measured from the price at the time of that first pick, not from today.
- First pick price
- ~$114
- Roughly what one share cost when Benson first picked this stock. This is the starting line for the Benson Return.
- Tracking since
- July 2026
- The month this stock first became a Benson pick.
- Tracking duration
- 4 months
- How long Benson has been tracking this pick.
About McGrath RentCorp
McGrath RentCorp is a business-to-business rental company. Instead of selling equipment, it owns it and rents it out in three areas: portable modular buildings used as classrooms and offices, portable storage containers, and high-end electronic test equipment. Think of it as the company that owns the gear other businesses only need for a while, and collects steady rent for letting them use it.
The case for and against
Both sides of the story, in plain English.
- Data Center Boom
McGrath's test equipment arm is riding the data center building boom. Rental revenue there jumped 26 percent to 35.4 million dollars this quarter, and profit from those rentals rose 42 percent. Management is buying more gear to keep up, a sign it expects that demand to stick around.
- Profits Picking Up
Total revenue grew 7 percent to 274.6 million dollars, and profit grew even faster. Net income rose to 48.8 million dollars, or 2 dollars per share, up from 1.72 dollars a year ago. McGrath has also raised its dividend for more than 35 years in a row, and it pays about 50 cents per share every quarter.
- Forecast Trimmed
Management cut its full year revenue forecast to 945 to 960 million dollars, down from as high as 985 million dollars. The reason is that fewer customers are buying new modular buildings outright, and those sales fell 10 percent this quarter. Over the first nine months, total revenue is up only about 1 percent, so this is still a slow grower.
- Storage Struggles
The portable storage business is shrinking, with rental revenue down 3 percent as demand stays soft. Higher trucking costs pushed that unit's profit down 20 percent from a year ago. McGrath is also spending far more on new rental gear, now 270 to 290 million dollars this year, and that only pays off if demand holds up.
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How to read this page
This automated research summary uses Financial Modeling Prep market data through 2026-11-12. Model signals, scores, and risk labels can change and may be incomplete or wrong.
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