Demand and volumemixed · 4 filings
“The $38.3 million increase in net cash used was primarily due to $33.4 million higher rental equipment purchases when compared to the previous year, a result of customer demand.”10-Q · Apr 29, 2026 ↗
McGrath RentCorp
MGRC
Market read
McGrath RentCorp's move is spreading beyond its market group.
MGRC accounts for 17.4% of the group's measured movement across 6.9 effective names. raw member direction is mixed; 8 of 12 SPY-adjusted paths align to the upside. Capital-flow agreement is 13%, so confirmation is not yet clean. No verified headline preceded the measured group move.
MOVE ANATOMY
SPY-adjusted 5m pathsIs this move genuinely shared?
Role in the moveCounter-move#2 of 12 by movement share
Group movement share17.4%Absolute path energy—not portfolio weight
Relative path-3.45%counter
Effective breadth6.9 / 12broad
Relative alignment8/12upside path · 3 counter-moving
Capital-flow agreement13%not yet clean
SEQUENCE READ
MU moved materially before MGRC. MGRC crossed its material path threshold at 10:20 ET. APG, CAMT, KLAC followed.
EVIDENCE COVERAGE
8 of 19 members in Semiconductor Manufacturing are active. 0 of 1 disclosed connections are confirming.
What would change this read
Watch this read- At least 13 of 19 durable members become active together.
- Capital-flow agreement rises above 55%.
- Q remains aligned with the group in the next market snapshot.
Invalidation: The live read weakens if participation falls to 6 of 19 members or fewer.
Research brief
The story so far
MGRC accounts for 17.4% of the group's measured movement across 6.9 effective names. raw member direction is mixed; 8 of 12 SPY-adjusted paths align to the upside. Capital-flow agreement is 13%, so confirmation is not yet clean. No verified headline preceded the measured group move.
Evidence that supports
No thresholded supportive filing evidence is available yet.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- At least 13 of 19 durable members become active together.
- Capital-flow agreement rises above 55%.
- Q remains aligned with the group in the next market snapshot.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations346
Usable filing statements120
Verified relationships1
Evidence supporting the case
- Operating cash flow covered net income at 1.64x in the latest annual period.
Evidence challenging the case
- Operating margin changed -1.0 percentage points in the latest annual period.
- Net margin changed -8.9 percentage points in the latest annual period.
- Demand and volume has repeated adverse evidence across 4 filings.
- Credit and interest rates has repeated adverse evidence across 3 filings.
Questions before a position
- P/E is 33% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context
Price as of Oct 7, 2026
114.256m+1.8%12m+0.8%24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2021-12-31$534.6M+316.4%$3.66-0.1%
2022-12-31$635.7M+18.9%$4.70+0.0%
2023-12-31$831.8M+30.9%$7.12+0.0%
2024-12-31$910.9M+9.5%$9.43+0.2%
2025-12-31$944.2M+3.7%$6.35+0.3%
What management says matters
Persistent and emerging business drivers
Credit and interest ratesnegative · 3 filings
“The $94.6 million change was primarily attributable to $95.1 million lower net payments under bank lines of credit in 2025, partially offset by $75.0 million in borrowings under issued Series G senior notes in 2025, which were used to pay the principal balanc…”10-K · Feb 25, 2026 ↗
Input and raw-material costsmixed · 2 filings
“The increased other direct costs in 2026 were primarily due to higher material and labor costs to prepare equipment for shipment.”10-Q · Apr 29, 2026 ↗
Capital investment and capacitymixed · 1 filings
“The sale price was subject to certain adjustments, including net working capital, certain qualified capital expenditures and certain transaction expenses to - 69 - be borne by the Company.”10-K · Feb 25, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 3.0× · EV/sales 3.0×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
114.25-3.2% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 7 Oct, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for MGRC. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for MGRC. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind MGRC
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depended on by
PBIPitney Bowes Inc.partnerFeb 19, 2026 ▾
“15 Stock Performance Graph Our peer group is comprised of: ACCO Brands Corporation, Bread Financial Holdings, Inc., Cimpress plc, CSG Systems International, Inc., Deluxe Corporation, Diebold Nixdorf, Incorporated, E2open Parent Holdings, Inc., HNI Corporation…”
Filing peers
No filing peers are available for this name yet.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
MGRC is currently a Early Follower in the organic co-movement group Semiconductor Manufacturing. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.