McGrath RentCorp (MGRC)
Market Price (9/26/2026): $113.4 | Market Cap: $2.8 BilSector: Industrials | Industry: Diversified Support Services
McGrath RentCorp (MGRC)
Market Price (9/26/2026): $113.4Market Cap: $2.8 BilSector: IndustrialsIndustry: Diversified Support Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.3%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.3% Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 25% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 27% Low stock price volatilityVol 12M is 26% Megatrend and thematic driversMegatrends include Water Infrastructure, and Renewable Energy Transition. Themes include Water Treatment & Delivery, Wastewater Management, Show more. | Weak multi-year price returns2Y Excs Rtn is -18%, 3Y Excs Rtn is -59% | Weak revenue growthRev Chg QQuarterly Revenue Change % is -6.2% Key risksMGRC key risks include [1] an over-reliance on its primary Mobile Modular segment for growth while other divisions face demand challenges, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.3%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.3% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 25% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 27% |
| Low stock price volatilityVol 12M is 26% |
| Megatrend and thematic driversMegatrends include Water Infrastructure, and Renewable Energy Transition. Themes include Water Treatment & Delivery, Wastewater Management, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -18%, 3Y Excs Rtn is -59% |
| Weak revenue growthRev Chg QQuarterly Revenue Change % is -6.2% |
| Key risksMGRC key risks include [1] an over-reliance on its primary Mobile Modular segment for growth while other divisions face demand challenges, Show more. |
Qualitative Assessment
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McGrath RentCorp (MGRC) stock has gained about 5% since 5/31/2026 because of the following key factors:
1. Mixed Fiscal Q2 2026 Financial Results Presented a Balanced Picture. McGrath RentCorp (MGRC) announced its fiscal Q2 2026 (ended June 30, 2026) results on July 29, 2026, which showed a blend of positive and negative factors. Total revenues decreased 6% year-over-year to $221.1 million, falling short of analyst estimates of $236.5 million. Similarly, net income per diluted share was $1.37, below the analyst forecast of $1.53. However, rental operations revenues increased 6% to $172.5 million. The TRS-RenTelco division was a significant strong point, with revenue increasing 17% and Adjusted EBITDA up 29%, driven by demand from data center buildouts, aerospace, defense, and semiconductor markets. Conversely, sales revenues decreased substantially by 34% to $46.4 million, largely due to project delays in the Mobile Modular and Enviroplex segments, which are expected to shift into the second half of the year. This combination of revenue and earnings misses, offset by robust rental segment growth, likely contributed to the stock's stable trend rather than a sharp decline.
2. Reaffirmed Full-Year Guidance and Increased Capital Expenditures Signaled Management Confidence. Despite the mixed fiscal Q2 2026 results, management maintained its full-year 2026 revenue outlook of $955 million to $985 million and Adjusted EBITDA guidance of $363 million to $375 million. Simultaneously, the company increased its gross rental equipment capital spending guidance to $200 million to $220 million, up from original plans. This decision to maintain overall guidance while increasing investment in its rental fleet, particularly in high-growth areas like TRS-RenTelco and modular expansion, indicated management's confidence in the company's long-term prospects. This forward-looking positivity likely helped stabilize the stock, counteracting some of the short-term earnings disappointments.
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McGrath RentCorp (MGRC) stock has gained about 5% since 5/31/2026 because of the following key factors:
1. Mixed Fiscal Q2 2026 Financial Results Presented a Balanced Picture. McGrath RentCorp (MGRC) announced its fiscal Q2 2026 (ended June 30, 2026) results on July 29, 2026, which showed a blend of positive and negative factors. Total revenues decreased 6% year-over-year to $221.1 million, falling short of analyst estimates of $236.5 million. Similarly, net income per diluted share was $1.37, below the analyst forecast of $1.53. However, rental operations revenues increased 6% to $172.5 million. The TRS-RenTelco division was a significant strong point, with revenue increasing 17% and Adjusted EBITDA up 29%, driven by demand from data center buildouts, aerospace, defense, and semiconductor markets. Conversely, sales revenues decreased substantially by 34% to $46.4 million, largely due to project delays in the Mobile Modular and Enviroplex segments, which are expected to shift into the second half of the year. This combination of revenue and earnings misses, offset by robust rental segment growth, likely contributed to the stock's stable trend rather than a sharp decline.
2. Reaffirmed Full-Year Guidance and Increased Capital Expenditures Signaled Management Confidence. Despite the mixed fiscal Q2 2026 results, management maintained its full-year 2026 revenue outlook of $955 million to $985 million and Adjusted EBITDA guidance of $363 million to $375 million. Simultaneously, the company increased its gross rental equipment capital spending guidance to $200 million to $220 million, up from original plans. This decision to maintain overall guidance while increasing investment in its rental fleet, particularly in high-growth areas like TRS-RenTelco and modular expansion, indicated management's confidence in the company's long-term prospects. This forward-looking positivity likely helped stabilize the stock, counteracting some of the short-term earnings disappointments.
3. Consistent Dividend Payments Offered Shareholder Stability. McGrath RentCorp continued its long-standing commitment to shareholder returns by declaring a quarterly dividend of $0.495 per share for fiscal Q2 2026. This declaration extended the company's track record of over 35 consecutive years of annual dividend increases, a rare distinction among publicly listed companies. The annualized dividend represented a 1.7% yield based on the July 28, 2026 closing price. This consistent and growing dividend policy typically appeals to income-focused investors and signals underlying financial health, providing a foundational element for stock price stability.
4. Divergent Divisional Performance and Macroeconomic Factors Balanced Out. The stock's stability was also influenced by a balance of company-specific divisional performance and broader macroeconomic conditions. While the TRS-RenTelco division benefited from strong demand in sectors like data center buildouts, aerospace, defense, and semiconductors, other segments faced headwinds. Specifically, the portable storage segment experienced challenging conditions in local commercial construction markets, with rental revenues remaining flat. These sector-specific strengths and weaknesses, coupled with general macroeconomic pressures such as interest rate headwinds impacting commercial construction, created a largely offsetting environment that prevented a significant directional shift in the overall stock price.
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Stock Movement Drivers
Fundamental Drivers
The 4.3% change in MGRC stock from 5/31/2026 to 9/25/2026 was primarily driven by a 5.3% change in the company's P/E Multiple.| (LTM values as of) | 5312026 | 9252026 | Change |
|---|---|---|---|
| Stock Price ($) | 108.54 | 113.23 | 4.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 947 | 933 | -1.5% |
| Net Income Margin (%) | 16.4% | 16.4% | 0.0% |
| P/E Multiple | 17.2 | 18.1 | 5.3% |
| Shares Outstanding (Mil) | 25 | 24 | 0.6% |
| Cumulative Contribution | 4.3% |
Market Drivers
5/31/2026 to 9/25/2026| Return | Correlation | |
|---|---|---|
| MGRC | 4.3% | |
| Market (SPY) | 2.2% | 17.0% |
| Sector (XLI) | -1.3% | 42.9% |
Fundamental Drivers
The 2.9% change in MGRC stock from 2/28/2026 to 9/25/2026 was primarily driven by a 4.7% change in the company's P/E Multiple.| (LTM values as of) | 2282026 | 9252026 | Change |
|---|---|---|---|
| Stock Price ($) | 110.02 | 113.23 | 2.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 944 | 933 | -1.2% |
| Net Income Margin (%) | 16.6% | 16.4% | -1.0% |
| P/E Multiple | 17.3 | 18.1 | 4.7% |
| Shares Outstanding (Mil) | 25 | 24 | 0.6% |
| Cumulative Contribution | 2.9% |
Market Drivers
2/28/2026 to 9/25/2026| Return | Correlation | |
|---|---|---|
| MGRC | 2.9% | |
| Market (SPY) | 13.0% | 17.8% |
| Sector (XLI) | -3.3% | 29.3% |
Fundamental Drivers
The -5.2% change in MGRC stock from 8/31/2025 to 9/25/2026 was primarily driven by a -38.9% change in the company's Net Income Margin (%).| (LTM values as of) | 8312025 | 9252026 | Change |
|---|---|---|---|
| Stock Price ($) | 119.45 | 113.23 | -5.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 942 | 933 | -0.9% |
| Net Income Margin (%) | 26.8% | 16.4% | -38.9% |
| P/E Multiple | 11.6 | 18.1 | 55.7% |
| Shares Outstanding (Mil) | 25 | 24 | 0.5% |
| Cumulative Contribution | -5.2% |
Market Drivers
8/31/2025 to 9/25/2026| Return | Correlation | |
|---|---|---|
| MGRC | -5.2% | |
| Market (SPY) | 20.9% | 24.9% |
| Sector (XLI) | 13.6% | 30.7% |
Fundamental Drivers
The 17.9% change in MGRC stock from 8/31/2023 to 9/25/2026 was primarily driven by a 33.0% change in the company's P/E Multiple.| (LTM values as of) | 8312023 | 9252026 | Change |
|---|---|---|---|
| Stock Price ($) | 96.07 | 113.23 | 17.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 724 | 933 | 28.8% |
| Net Income Margin (%) | 23.8% | 16.4% | -31.2% |
| P/E Multiple | 13.6 | 18.1 | 33.0% |
| Shares Outstanding (Mil) | 24 | 24 | 0.0% |
| Cumulative Contribution | 17.9% |
Market Drivers
8/31/2023 to 9/25/2026| Return | Correlation | |
|---|---|---|
| MGRC | 17.9% | |
| Market (SPY) | 77.8% | 40.4% |
| Sector (XLI) | 64.4% | 44.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| MGRC Return | 22% | 26% | 24% | -5% | -5% | 8% | 86% |
| Peers Return | 85% | 1% | 26% | 10% | -16% | 4% | 126% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 105% |
Monthly Win Rates [3] | |||||||
| MGRC Win Rate | 75% | 58% | 67% | 42% | 42% | 33% | |
| Peers Win Rate | 69% | 53% | 53% | 56% | 47% | 52% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 56% | |
Max Drawdowns [4] | |||||||
| MGRC Max Drawdown | -21% | -18% | -19% | -24% | -25% | -14% | |
| Peers Max Drawdown | -18% | -37% | -35% | -27% | -48% | -38% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: WSC, URI, HRI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/25/2026 (YTD)
How Low Can It Go
| Event | MGRC | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -18.1% | -18.8% |
| % Gain to Breakeven | 22.1% | 23.1% |
| Time to Breakeven | 108 days | 79 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -19.4% | -6.7% |
| % Gain to Breakeven | 24.1% | 7.1% |
| Time to Breakeven | 251 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -43.0% | -33.7% |
| % Gain to Breakeven | 75.6% | 50.9% |
| Time to Breakeven | 329 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -12.4% | -19.2% |
| % Gain to Breakeven | 14.2% | 23.8% |
| Time to Breakeven | 7 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -12.7% | -12.2% |
| % Gain to Breakeven | 14.5% | 13.9% |
| Time to Breakeven | 21 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -36.3% | -6.8% |
| % Gain to Breakeven | 57.0% | 7.3% |
| Time to Breakeven | 286 days | 15 days |
In The Past
McGrath RentCorp's stock fell -18.1% during the 2025 US Tariff Shock. Such a loss loss requires a 22.1% gain to breakeven.
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| Event | MGRC | S&P 500 |
|---|---|---|
| 2020 COVID-19 Crash | ||
| % Loss | -43.0% | -33.7% |
| % Gain to Breakeven | 75.6% | 50.9% |
| Time to Breakeven | 329 days | 140 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -36.3% | -6.8% |
| % Gain to Breakeven | 57.0% | 7.3% |
| Time to Breakeven | 286 days | 15 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -21.1% | -15.4% |
| % Gain to Breakeven | 26.8% | 18.2% |
| Time to Breakeven | 131 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -52.1% | -53.4% |
| % Gain to Breakeven | 108.8% | 114.4% |
| Time to Breakeven | 346 days | 1085 days |
In The Past
McGrath RentCorp's stock fell -18.1% during the 2025 US Tariff Shock. Such a loss loss requires a 22.1% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About McGrath RentCorp (MGRC)
McGrath RentCorp (MGRC) operates as a prominent business-to-business (B2B) rental and sales company, providing temporary and specialized equipment across a variety of industries. The company's core strategy involves renting and selling essential assets, addressing diverse needs ranging from temporary infrastructure to highly specialized technical instrumentation.
MGRC's offerings span several key segments. Its Mobile Modular division rents and sells relocatable modular buildings and portable storage containers, commonly used as temporary offices, classrooms, and construction facilities. The TRS-RenTelco segment specializes in renting and selling general purpose and communications electronic test equipment to industries such as aerospace, defense, electronics, and telecommunications. Additionally, the Adler Tanks segment provides fixed axle steel tanks, vacuum containers, and dewatering boxes for storing and managing various liquids and solids, serving environmental, industrial, and waste management applications. Finally, its Enviroplex segment manufactures and sells portable classrooms directly to educational institutions in California.
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Here are 1-3 brief analogies to describe McGrath RentCorp (MGRC):
- The United Rentals of modular buildings, test equipment, and industrial tanks.
- A business-to-business U-Haul for modular offices, test equipment, and industrial tanks.
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- Relocatable Modular Buildings: Rented and sold for purposes such as temporary offices, classrooms, health care clinics, and other specialized uses.
- Portable Storage Containers: Rented and sold for general storage needs.
- Electronic Test Equipment: Rented and sold, covering general purpose equipment (e.g., oscilloscopes, analyzers) and communications test equipment.
- Liquid and Solid Containment Tanks and Boxes: Rented, including steel tanks for liquids, vacuum containers for sludge, dewatering boxes, and roll-off/trash boxes for various materials.
- Manufactured Portable Classrooms: Sold directly to public school districts and educational institutions, primarily in California.
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McGrath RentCorp (MGRC) operates as a business-to-business (B2B) rental company. While specific names of customer companies are not provided in the background description, the company primarily serves other companies and institutions across several key sectors. Its major customer categories include:
- Educational Institutions: This includes public school districts and other educational bodies, particularly in California, which rent or purchase modular classrooms and related facilities.
- Construction and Industrial Businesses: Companies involved in construction, general industrial operations, and environmental services that require temporary office space, portable storage solutions, and specialized liquid and solid containment tanks and boxes.
- Technology, Aerospace, Defense, and Telecommunications Industries: Manufacturers, contractors, field technicians, and service providers within sectors such as aerospace, defense, electronics, industrial, research, semiconductor, and communications, who rent or purchase electronic test equipment.
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Joseph F. Hanna President, Chief Executive Officer, and Director
Mr. Hanna currently serves as President, Chief Executive Officer, and Director of McGrath RentCorp, a position he has held since February 2017. He joined the company in 2003 and has held various leadership roles, including Chief Operating Officer from 2007 to 2017, Senior Vice President of Operations, and Vice President of Operations. Prior to joining McGrath RentCorp, Mr. Hanna held sales and operational leadership positions at SMC Corporation of America and served as an officer in the United States Army. He will retire as CEO on April 3, 2026, and will continue to serve as a director on the McGrath Board.
Philip B. Hawkins Executive Vice President, Chief Operating Officer (current); President and Chief Executive Officer (effective April 3, 2026)
Mr. Hawkins was appointed Executive Vice President and Chief Operating Officer of McGrath RentCorp in January 2025. He will succeed Joseph F. Hanna as President and Chief Executive Officer, effective April 3, 2026. Mr. Hawkins joined McGrath RentCorp in 2004 through the acquisition of TRS, an electronics equipment rental division of CIT Technologies Corporation, where he held the position of Senior Business Analyst. His tenure at McGrath has included roles such as Manager, Corporate Financial Planning and Analysis, Vice President and Division Manager of TRS-RenTelco, and Vice President and Division Manager of Mobile Modular. Before joining McGrath, he held leadership roles, including Director of Portfolio Management, at Dell Financial Services.
Keith E. Pratt Executive Vice President, Chief Financial Officer
Mr. Pratt serves as Executive Vice President and Chief Financial Officer of McGrath RentCorp. Prior to joining McGrath RentCorp, he was Senior Vice President and Chief Financial Officer at Advanced Fibre Communications (AFC), a public telecommunications equipment company, from 1999 until its acquisition by Tellabs, Inc. in late 2004. He also served as Director of Corporate Development at AFC from 1997 to 1999 and began his career as Director, Strategy & Business Development Group at Pacific Telesis Group, Inc.
Kristina Van Trease Senior Vice President, Chief Strategy Officer
Ms. Van Trease currently serves as Senior Vice President, Chief Strategy Officer, a role she has held since December 2023. She previously held the position of Senior Vice President, Strategy and Business Development from February 2022 through November 2023. From August 2016 through January 2022, she was Vice President and Division Manager of Adler Tank Rentals.
Gilda Malek Senior Vice President, Chief Legal Officer and Corporate Secretary
Ms. Malek was appointed Senior Vice President, Chief Legal Officer, and Corporate Secretary of McGrath RentCorp in January 2025. She joined the company in 2023 as Vice President, General Counsel, and Corporate Secretary. Before her time at McGrath RentCorp, Ms. Malek served as Deputy General Counsel at Confluent, a SaaS company.
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Key Risks to McGrath RentCorp (MGRC)
- Economic Sensitivity and Cyclical Demand: McGrath RentCorp's business segments, including Mobile Modular (relocatable modular buildings, portable storage containers), TRS-RenTelco (electronic test equipment), and Adler Tanks (liquid and solid containment tanks), are highly susceptible to overall economic conditions and cyclical downturns in end-user markets. A softer construction market, economic uncertainty, and higher interest rates can lead to reduced demand for rental and sales of modular buildings and portable storage, project delays, and decreased activity in industries reliant on test equipment and containment solutions.
- Concentration in Specific Industries and Geographic Markets: The company faces risks due to its reliance on particular sectors and regions. The Enviroplex segment, which manufactures and sells portable classrooms, is highly dependent on funding and policies of public school districts in California, making it vulnerable to state-level budget decisions and educational spending trends. Similarly, the TRS-RenTelco segment's performance is tied to the cyclical nature and capital expenditures of industries such as aerospace, defense, electronics, and semiconductors, which can experience periods of low demand.
- Technological Obsolescence of Electronic Test Equipment: The TRS-RenTelco segment is exposed to the risk of technological obsolescence. Rapid advancements in the electronics and semiconductor industries can cause existing electronic test equipment to become outdated, potentially reducing demand for McGrath RentCorp's rental fleet and requiring significant capital investment to acquire newer technologies to remain competitive.
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The clear emerging threat for McGrath RentCorp stems from the ongoing shift towards **software-defined testing, virtualized test environments, and testing-as-a-service (TaaS) models** in the electronic test equipment industry. This trend directly impacts its TRS-RenTelco segment, which rents and sells general purpose and communications electronic test equipment.
As capabilities for testing become increasingly integrated into software, cloud platforms, or general-purpose computing devices, the reliance on specialized, dedicated physical hardware for various testing needs could diminish. This parallels historical disruptions where digital and software-based solutions have replaced the need for physical products or traditional service delivery models, potentially reducing the demand for physical test equipment rentals in the long term.
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McGrath RentCorp operates in several distinct business-to-business rental markets across the United States and internationally. The addressable market sizes for its main products and services are outlined below:
Modular Buildings and Portable Classrooms
The U.S. modular construction market, which includes relocatable modular buildings and portable classrooms, was valued at approximately USD 20.3 billion in 2024 and is projected to reach USD 25.4 billion by 2029, growing at a compound annual growth rate (CAGR) of 4.5%. The global modular construction market was valued at USD 105.24 billion in 2024 and is projected to reach USD 180.14 billion by 2032, expanding at a CAGR of 6.95%. Relocatable modular units, such as those offered by McGrath RentCorp, represent a segment of this broader market. Specifically, the global portable classrooms market size was valued at approximately USD 2.4 billion in 2023 and is forecasted to reach around USD 4.8 billion by 2032, with North America holding a significant share. In 2024, the U.S. modular construction market alone was approximately USD 11.23 billion.
Portable Storage Containers
The U.S. Portable Storage Container Rental Market was valued at USD 532.42 million in 2024 and is projected to reach USD 791.42 million by 2032, growing at a CAGR of 5.82%. The North American portable storage rental market, encompassing the United States and Canada, is projected to approach USD 5 billion by 2030. The global Portable Modular Storage Containers Market is expected to increase from USD 3.44 billion in 2026 to USD 5.39 billion by 2035.
Electronic Test Equipment Rental and Sales
The U.S. Renting and Leasing Test and Measurement Equipment Market was valued at USD 1.90 billion in 2024. Globally, this market was valued at USD 6.35 billion in 2023 and is expected to reach USD 9.61 billion by 2032, with a CAGR of 4.71%. Another estimate places the global market to reach USD 12.83 billion by 2035, with a CAGR of 9.8%.
Liquid and Solid Containment Tanks and Boxes
The global storage tank market size was valued at USD 28.04 billion in 2025 and is projected to grow to USD 49.89 billion by 2034, exhibiting a CAGR of 6.61%. North America holds a substantial portion, with approximately 30% of the global storage tank market share. The U.S. storage tank market was valued at USD 6.9 billion in 2025. In 2025, North America alone dominated the market share with over 42.06%. The global industrial storage tank market is estimated at USD 5,715.37 million in 2026 and is expected to reach USD 8,770.59 million by 2035.
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McGrath RentCorp (MGRC) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:
- Expansion of Mobile Modular Rental and Related Services: The Mobile Modular division is a significant growth engine, with the company actively pursuing initiatives such as "Mobile Modular Plus" and "Site Related Services." These offerings have demonstrated increasing revenues and are considered a long-term growth opportunity for McGrath RentCorp.
- Recovery and Improved Demand in TRS-RenTelco: Following earlier softness, the TRS-RenTelco segment has shown a clear recovery with increased demand and utilization. Management anticipates continued market recovery in this segment, contributing to future revenue and Adjusted EBITDA growth.
- Pricing Optimization and Favorable Market Conditions: McGrath RentCorp has benefited from healthy market conditions and a focus on pricing optimization, leading to higher average monthly rental rates across its segments. This strategy is expected to continue contributing to revenue growth.
- Geographic Expansion of Modular Business: The company is strategically focused on geographic expansion, particularly within its Mobile Modular division. Planned capital expenditures for 2026 are partly allocated to this expansion, indicating a push into new regional markets.
- Growth in Modular Sales Projects: McGrath RentCorp has noted continued execution of its initiative to grow modular sales projects, which has led to increased sales revenues. This focus on expanding modular sales is a recognized contributor to overall revenue.
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Capital Allocation Decisions (Last 3-5 Years)
Share Issuance
- The number of issued and outstanding shares slightly increased from 24,551 shares as of December 31, 2024, to 24,612 shares as of December 31, 2025.
Outbound Investments
- McGrath RentCorp and WillScot Mobile Mini mutually agreed to terminate their previously announced merger agreement on September 18, 2024.
- Following the termination, McGrath received a $180 million merger termination payment, which, after $63.2 million in transaction costs, resulted in net proceeds of $116.8 million for the year ended December 31, 2024.
- The company maintains an active mergers and acquisitions (M&A) pipeline and is continuously seeking opportunities for strategic investments, particularly in new geographic areas.
Capital Expenditures
- Gross rental equipment capital expenditures for the full year 2025 were $143 million.
- McGrath RentCorp anticipates gross rental equipment capital expenditures to be between $180 million and $200 million for the full year 2026.
- The primary focus for these capital expenditures is geographic expansion within the Mobile Modular business, along with investments in product areas in mature markets and strengthening the TRS-RenTelco business due to its growth outlook.
Peer Outperformance in Diversified Support Services
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| MGRC | McGrath RentCorp | 9.1% | 18.1x | -3.0% | 18.0% | 72.2% | — |
| CXW | CoreCivic | 10.6% | 24.8x | 50.3% | 202.0% | 277.1% | +205pp |
| CACI | CACI International | 12.6% | 25.5x | 29.8% | 99.9% | 142.0% | +70pp |
| CTAS | Cintas | 8.5% | 40.0x | -0.1% | 71.4% | 108.7% | +36pp |
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Construction & Engineering | 31 | 5.3% | 114.4% | 187.9% | FIX 2246% · STRL 2244% · CDNL 2055% |
| Marine Transportation | 9 | 71.9% | 99.5% | 155.8% | HOS 43005% · ASC 510% · MATX 195% |
| Construction Machinery & Heavy Transportation Equipment | 13 | 6.9% | 48.2% | 127.1% | CAT 355% · ALSN 248% · WAB 232% |
| Aerospace & Defense | 55 | -7.1% | 70.7% | 80.5% | ATI 1004% · FTAI 866% · HWM 648% |
| Trading Companies & Distributors | 19 | 6.2% | 40.1% | 50.9% | DXPE 561% · AIT 293% · WCC 223% |
| Rail Transportation | 7 | 20.5% | 59.3% | 50.4% | FSTR 146% · CSX 65% · RAIL 64% |
| Industrial Machinery & Supplies & Components | 72 | 12.5% | 54.9% | 45.2% | CRS 1186% · PSIX 1112% · EROC 624% |
| Diversified Support Services ← | 33 | 16.3% | 35.4% | 35.1% | LIME 3297% · TH 424% · WLFC 353% |
| Electrical Components & Equipment | 41 | 4.2% | 59.4% | 26.5% | POWL 2358% · BE 1418% · VRT 968% |
| Cargo Ground Transportation | 16 | 33.9% | 0.1% | 25.6% | XPO 233% · R 223% · CVLG 140% |
| Building Products | 34 | -11.3% | 4.9% | 18.6% | LMB 628% · GFF 404% · PPIH 307% |
| Passenger Ground Transportation | 3 | -31.1% | 49.8% | 2.1% | UBER 49% · CAR 2% · LYFT -73% |
| Agricultural & Farm Machinery | 17 | 5.2% | 2.8% | -4.5% | BLBD 187% · DE 111% · GENC 57% |
| Industrial Conglomerates | 17 | 9.6% | 5.8% | -5.2% | RCMT 426% · CSW 142% · DD 77% |
| Environmental & Facilities Services | 30 | -12.2% | 27.2% | -10.3% | CECO 958% · ADUR 427% · GEO 342% |
| Research & Consulting Services | 13 | -16.4% | -26.1% | -15.7% | HURN 206% · CRAI 78% · GRNQ 76% |
| Data Processing & Outsourced Services | 6 | -33.8% | -15.5% | -29.7% | EXLS 40% · BR 6% · G -27% |
| Passenger Airlines | 11 | 18.4% | 21.7% | -32.7% | LTM 2685% · UAL 134% · SKYW 104% |
| Office Services & Supplies | 9 | 17.1% | 18.9% | -33.6% | PBI 169% · TILE 146% · HNI 51% |
| Human Resource & Employment Services | 21 | 3.6% | -19.2% | -38.2% | BBSI 68% · ADP 46% · HQI 8% |
| Air Freight & Logistics | 12 | -18.8% | -21.4% | -39.9% | CHRW 87% · FDX 74% · EXPD 59% |
| Security & Alarm Services | 10 | -23.4% | 22.5% | -43.6% | CIX 155% · MG 120% · BCO 75% |
| Airport Services | 3 | -74.5% | -77.7% | -63.3% | JOBY -39% · ASLE -63% · UP -100% |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 124.30 |
| Mkt Cap | 3.9 |
| Rev LTM | 3,575 |
| Op Inc LTM | 553 |
| FCF LTM | 145 |
| FCF 3Y Avg | 190 |
| CFO LTM | 984 |
| CFO 3Y Avg | 926 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 3.0% |
| Rev Chg 3Y Avg | 8.8% |
| Rev Chg Q | 7.9% |
| QoQ Delta Rev Chg LTM | 1.9% |
| Op Inc Chg LTM | 2.0% |
| Op Inc Chg 3Y Avg | 4.4% |
| Op Mgn LTM | 22.8% |
| Op Mgn 3Y Avg | 24.6% |
| QoQ Delta Op Mgn LTM | 0.0% |
| CFO/Rev LTM | 28.8% |
| CFO/Rev 3Y Avg | 29.7% |
| FCF/Rev LTM | 1.5% |
| FCF/Rev 3Y Avg | 3.2% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 3.9 |
| P/S | 2.2 |
| P/Op Inc | 9.4 |
| P/EBIT | 13.6 |
| P/E | 21.5 |
| P/CFO | 7.8 |
| Total Yield | 3.9% |
| Dividend Yield | 1.6% |
| FCF Yield 3Y Avg | 1.0% |
| D/E | 0.7 |
| Net D/E | 0.7 |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Mobile Modular | 645 | 635 | 562 | 379 | 301 |
| TRS-RenTelco | 149 | 135 | 148 | 151 | 140 |
| Portable Storage | 93 | 94 | 101 | 83 | 62 |
| Enviroplex | 57 | 46 | 20 | 23 | 31 |
| Total | 944 | 911 | 832 | 636 | 535 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Mobile Modular | 167 | 173 | 122 | 76 | 65 |
| TRS-RenTelco | 39 | 31 | 32 | 41 | 36 |
| Portable Storage | 28 | 36 | 38 | 31 | 19 |
| Enviroplex | 10 | 4 | -2 | -0 | 5 |
| Total | 244 | 244 | 190 | 147 | 124 |
| $ Mil | 2025 | 2024 | 2023 |
|---|---|---|---|
| Mobile Modular | 104 | 113 | 69 |
| TRS-RenTelco | 25 | 21 | 19 |
| Portable Storage | 18 | 24 | 24 |
| Enviroplex | 9 | 5 | 0 |
| Total | 156 | 163 | 112 |
Price Behavior
| Market Price | $113.23 | |
| Market Cap ($ Bil) | 2.8 | |
| First Trading Date | 03/26/1990 | |
| Distance from 52W High | -7.8% | |
| 50 Days | 200 Days | |
| DMA Price | $115.61 | $112.39 |
| DMA Trend | up | down |
| Distance from DMA | -2.1% | 0.7% |
| 3M | 1YR | |
| Volatility | 19.4% | 26.2% |
| Downside Capture | 54.52 | 54.08 |
| Upside Capture | 0.60 | 39.96 |
| Correlation (SPY) | 16.6% | 24.1% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.92 | 0.41 | 0.21 | 0.30 | 0.51 | 0.70 |
| Up Beta | 1.71 | 0.38 | 0.12 | 0.18 | 0.36 | 0.58 |
| Down Beta | 3.53 | 0.99 | 0.40 | 0.51 | 0.61 | 0.76 |
| Up Capture | -3% | 1% | 22% | 23% | 33% | 39% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 9 | 19 | 31 | 65 | 119 | 373 |
| Down Capture | 58% | 62% | 9% | 34% | 71% | 93% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 12 | 23 | 32 | 60 | 130 | 376 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MGRC | |
|---|---|---|---|---|
| MGRC | -4.0% | 26.1% | -0.19 | - |
| Sector ETF (XLI) | 13.0% | 17.2% | 0.54 | 29.9% |
| Equity (SPY) | 17.7% | 13.0% | 0.98 | 24.3% |
| Gold (GLD) | 14.7% | 29.3% | 0.46 | 1.2% |
| Commodities (DBC) | 46.8% | 20.7% | 1.75 | -20.4% |
| Real Estate (VNQ) | 4.5% | 13.6% | 0.07 | 20.5% |
| Bitcoin (BTCUSD) | -25.5% | 44.8% | -0.53 | 6.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MGRC | |
|---|---|---|---|---|
| MGRC | 12.0% | 26.1% | 0.42 | - |
| Sector ETF (XLI) | 12.9% | 17.6% | 0.56 | 49.0% |
| Equity (SPY) | 13.3% | 17.2% | 0.59 | 43.8% |
| Gold (GLD) | 19.2% | 18.8% | 0.83 | 1.7% |
| Commodities (DBC) | 11.2% | 19.5% | 0.45 | 4.0% |
| Real Estate (VNQ) | 0.9% | 18.9% | -0.06 | 38.6% |
| Bitcoin (BTCUSD) | 12.3% | 52.6% | 0.41 | 15.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MGRC | |
|---|---|---|---|---|
| MGRC | 16.1% | 30.5% | 0.55 | - |
| Sector ETF (XLI) | 13.4% | 20.0% | 0.59 | 58.1% |
| Equity (SPY) | 15.5% | 17.9% | 0.73 | 53.2% |
| Gold (GLD) | 12.1% | 16.4% | 0.61 | 0.9% |
| Commodities (DBC) | 8.7% | 18.1% | 0.39 | 17.0% |
| Real Estate (VNQ) | 4.8% | 20.7% | 0.19 | 46.9% |
| Bitcoin (BTCUSD) | 63.9% | 66.2% | 1.04 | 14.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 8/31/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/29/2026 | -1.7% | 3.4% | -2.8% |
| 4/29/2026 | -6.9% | -4.8% | -8.3% |
| 2/25/2026 | -0.7% | -4.0% | -4.0% |
| 10/23/2025 | -4.9% | -9.2% | -16.9% |
| 7/24/2025 | 7.4% | 7.6% | 7.0% |
| 4/24/2025 | -0.6% | 3.2% | 9.0% |
| 2/19/2025 | 4.1% | 1.1% | -7.4% |
| 10/24/2024 | 8.5% | 8.1% | 14.9% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 12 | 13 | 13 |
| # Negative | 12 | 11 | 11 |
| Median Positive | 4.5% | 4.3% | 7.0% |
| Median Negative | -2.0% | -4.0% | -5.6% |
| Max Positive | 11.6% | 12.5% | 18.8% |
| Max Negative | -6.9% | -9.2% | -16.9% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/29/2026 | -1.7% | 3.4% | -2.8% |
| 4/29/2026 | -6.9% | -4.8% | -8.3% |
| 2/25/2026 | -0.7% | -4.0% | -4.0% |
| 10/23/2025 | -4.9% | -9.2% | -16.9% |
| 7/24/2025 | 7.4% | 7.6% | 7.0% |
| 4/24/2025 | -0.6% | 3.2% | 9.0% |
| 2/19/2025 | 4.1% | 1.1% | -7.4% |
| 10/24/2024 | 8.5% | 8.1% | 14.9% |
| 7/25/2024 | -4.0% | -7.6% | -5.6% |
| 4/25/2024 | 2.2% | -0.6% | 1.3% |
| 2/21/2024 | -1.5% | -2.1% | -3.2% |
| 10/26/2023 | 5.3% | 4.3% | 3.1% |
| 7/27/2023 | 4.9% | 5.2% | 11.5% |
| 5/4/2023 | 3.4% | 4.3% | 5.9% |
| 2/22/2023 | 1.4% | -3.6% | -13.4% |
| 10/27/2022 | 11.6% | 11.3% | 11.4% |
| 7/28/2022 | 2.0% | 1.3% | 2.3% |
| 4/28/2022 | -1.5% | -4.0% | -3.1% |
| 2/23/2022 | 10.4% | 12.5% | 18.8% |
| 10/28/2021 | -4.1% | 1.5% | 3.6% |
| 8/3/2021 | -5.7% | -7.6% | -9.6% |
| 4/28/2021 | -1.2% | -2.7% | 2.4% |
| 2/23/2021 | 0.1% | -2.1% | -0.7% |
| 10/29/2020 | -2.2% | 1.9% | 9.0% |
| SUMMARY STATS | |||
| # Positive | 12 | 13 | 13 |
| # Negative | 12 | 11 | 11 |
| Median Positive | 4.5% | 4.3% | 7.0% |
| Median Negative | -2.0% | -4.0% | -5.6% |
| Max Positive | 11.6% | 12.5% | 18.8% |
| Max Negative | -6.9% | -9.2% | -16.9% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 07/29/2026 | 10-Q |
| 03/31/2026 | 04/29/2026 | 10-Q |
| 12/31/2025 | 02/25/2026 | 10-K |
| 09/30/2025 | 10/23/2025 | 10-Q |
| 06/30/2025 | 07/24/2025 | 10-Q |
| 03/31/2025 | 04/24/2025 | 10-Q |
| 12/31/2024 | 02/19/2025 | 10-K |
| 09/30/2024 | 10/24/2024 | 10-Q |
| 06/30/2024 | 07/25/2024 | 10-Q |
| 03/31/2024 | 04/25/2024 | 10-Q |
| 12/31/2023 | 02/21/2024 | 10-K |
| 09/30/2023 | 10/26/2023 | 10-Q |
| 06/30/2023 | 07/27/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 02/22/2023 | 10-K |
| 09/30/2022 | 10/27/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 07/29/2026 | 10-Q |
| 03/31/2026 | 04/29/2026 | 10-Q |
| 12/31/2025 | 02/25/2026 | 10-K |
| 09/30/2025 | 10/23/2025 | 10-Q |
| 06/30/2025 | 07/24/2025 | 10-Q |
| 03/31/2025 | 04/24/2025 | 10-Q |
| 12/31/2024 | 02/19/2025 | 10-K |
| 09/30/2024 | 10/24/2024 | 10-Q |
| 06/30/2024 | 07/25/2024 | 10-Q |
| 03/31/2024 | 04/25/2024 | 10-Q |
| 12/31/2023 | 02/21/2024 | 10-K |
| 09/30/2023 | 10/26/2023 | 10-Q |
| 06/30/2023 | 07/27/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 02/22/2023 | 10-K |
| 09/30/2022 | 10/27/2022 | 10-Q |
| 06/30/2022 | 07/28/2022 | 10-Q |
| 03/31/2022 | 04/28/2022 | 10-Q |
| 12/31/2021 | 02/23/2022 | 10-K |
| 09/30/2021 | 10/28/2021 | 10-Q |
| 06/30/2021 | 08/03/2021 | 10-Q |
| 03/31/2021 | 04/28/2021 | 10-Q |
| 12/31/2020 | 02/23/2021 | 10-K |
| 09/30/2020 | 10/29/2020 | 10-Q |
| 06/30/2020 | 07/29/2020 | 10-Q |
| 03/31/2020 | 04/29/2020 | 10-Q |
| 12/31/2019 | 02/25/2020 | 10-K |
| 09/30/2019 | 10/29/2019 | 10-Q |
Recent Forward Guidance
Updated 7/30/2026Latest: Q2 2026 Earnings Reported 7/29/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Total revenue | Reported | 955.00 Mil | 970.00 Mil | 985.00 Mil | 0 | Affirmed | Guidance: 970.00 Mil for 2026 | |
| 2026 Adjusted EBITDA | Reported | 363.00 Mil | 369.00 Mil | 375.00 Mil | 0 | Affirmed | Guidance: 369.00 Mil for 2026 | |
| 2026 Gross rental equipment capital expenditures | Reported | 200.00 Mil | 210.00 Mil | 220.00 Mil | 10.5% | Raised | Guidance: 190.00 Mil for 2026 | |
Prior: Q1 2026 Earnings Reported 4/29/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Total revenue | Reported | 945.00 Mil | 970.00 Mil | 995.00 Mil | 0 | Affirmed | Guidance: 970.00 Mil for 2026 | |
| 2026 Adjusted EBITDA | Reported | 360.00 Mil | 369.00 Mil | 378.00 Mil | 0 | Affirmed | Guidance: 369.00 Mil for 2026 | |
| 2026 Gross rental equipment capital expenditures | Reported | 180.00 Mil | 190.00 Mil | 200.00 Mil | 0 | Affirmed | Guidance: 190.00 Mil for 2026 | |
Q4 2025 Earnings Reported 2/25/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Total revenue | Reported | 945.00 Mil | 970.00 Mil | 995.00 Mil | 2.6% | Higher New | Guidance: 945.00 Mil for 2025 | |
| 2026 Adjusted EBITDA | Reported | 360.00 Mil | 369.00 Mil | 378.00 Mil | 4.4% | Higher New | Guidance: 353.50 Mil for 2025 | |
| 2026 Gross rental equipment capital expenditures | Reported | 180.00 Mil | 190.00 Mil | 200.00 Mil | 55.1% | Higher New | Guidance: 122.50 Mil for 2025 | |
Q3 2025 Earnings Reported 10/23/2025
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Total Revenue | Reported | 935.00 Mil | 945.00 Mil | 955.00 Mil | 0.3% | Raised | Guidance: 942.50 Mil for 2025 | |
| 2025 Adjusted EBITDA | Reported | 350.00 Mil | 353.50 Mil | 357.00 Mil | 0.6% | Raised | Guidance: 351.50 Mil for 2025 | |
| 2025 Gross rental equipment capital expenditures | Reported | 120.00 Mil | 122.50 Mil | 125.00 Mil | 2.1% | Raised | Guidance: 120.00 Mil for 2025 | |
Insider Activity
Updated 8/20/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Wescott, Tara | SVP, Chief HR Officer | Direct | Sell | 8202026 | 122.00 | 1,325 | 161,650 | 955,382 | Form |
| 2 | Skenesky, John P | VP and Division Manager | Direct | Sell | 8132026 | 120.41 | 2,000 | 240,820 | 1,280,441 | Form |
| 3 | Hawkins, Philip B | President and CEO | Direct | Sell | 8132026 | 120.91 | 4,435 | 536,256 | 1,616,748 | Form |
| 4 | Hanna, Joseph F | Direct | Sell | 7022026 | 120.64 | 7,500 | 904,818 | 18,283,229 | Form | |
| 5 | Lieffrig, John | VP and Division Manager | Direct | Sell | 6292026 | 125.00 | 500 | 62,500 | 2,943,875 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Wescott, Tara | SVP, Chief HR Officer | Direct | Sell | 8202026 | 122.00 | 1,325 | 161,650 | 955,382 | Form |
| 2 | Skenesky, John P | VP and Division Manager | Direct | Sell | 8132026 | 120.41 | 2,000 | 240,820 | 1,280,441 | Form |
| 3 | Hawkins, Philip B | President and CEO | Direct | Sell | 8132026 | 120.91 | 4,435 | 536,256 | 1,616,748 | Form |
| 4 | Hanna, Joseph F | Direct | Sell | 7022026 | 120.64 | 7,500 | 904,818 | 18,283,229 | Form | |
| 5 | Lieffrig, John | VP and Division Manager | Direct | Sell | 6292026 | 125.00 | 500 | 62,500 | 2,943,875 | Form |
| 6 | Lieffrig, John | VP and Division Manager | Direct | Sell | 6292026 | 125.00 | 2,000 | 250,000 | 3,006,375 | Form |
| 7 | Malek, Gilda | SVP, Chief Legal Officer | Direct | Sell | 6162026 | 114.04 | 1,407 | 160,454 | 914,373 | Form |
| 8 | Van, Trease Kristina | Chief Strategy Officer | Direct | Sell | 6122026 | 113.65 | 3,783 | 429,943 | 742,485 | Form |
| 9 | Whitney, David M | SVP, Chief Accounting Officer | Spouse's Holding | Sell | 6122026 | 113.65 | 3,783 | 429,943 | 742,485 | Form |
| 10 | Van, Trease Kristina | Chief Strategy Officer | Direct | Sell | 5192026 | 115.00 | 539 | 61,985 | 1,186,343 | Form |
| 11 | Whitney, David M | SVP, Chief Accounting Officer | Spouse's Holding | Sell | 5192026 | 115.00 | 539 | 61,985 | 1,186,343 | Form |
| 12 | Hanna, Joseph F | Direct | Sell | 5052026 | 112.00 | 530 | 59,360 | 17,813,488 | Form | |
| 13 | Hanna, Joseph F | Direct | Sell | 5052026 | 112.49 | 9,470 | 1,065,310 | 17,951,543 | Form | |
| 14 | Malek, Gilda | SVP, Chief Legal Officer | Direct | Sell | 12162025 | 107.29 | 829 | 88,943 | 436,453 | Form |
| 15 | Box, Kimberly Ann | Direct | Sell | 8082025 | 118.50 | 1,500 | 177,748 | 829,493 | Form | |
| 16 | Pratt, Keith E | Executive VP and CFO | Direct | Sell | 7312025 | 127.17 | 3,000 | 381,524 | 6,583,458 | Form |
| 17 | Hanna, Joseph F | President and CEO | Direct | Sell | 7312025 | 126.55 | 14,577 | 1,844,648 | 19,442,010 | Form |
| 18 | Pratt, Keith E | Executive VP and CFO | Direct | Sell | 7312025 | 125.65 | 7,000 | 879,533 | 6,881,344 | Form |
Investor Activity (13F)
Updated Sep 26, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Diversified Support Services Resources |
| Facilities Management Journal (FMJ) |
| Supply Chain Brain |
| Corporate Services News |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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