McGrath Historical Income Statement
| MGRC Stock | USD 120.90 1.44 1.21% |
Historical analysis of McGrath RentCorp income statement accounts such as Other Operating Expenses of 674.2 M can show how well McGrath RentCorp performed in making a profits. Evaluating McGrath RentCorp income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of McGrath RentCorp's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining McGrath RentCorp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether McGrath RentCorp is a good buy for the upcoming year.
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About McGrath Income Statement Analysis
McGrath RentCorp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to McGrath RentCorp shareholders. The income statement also shows McGrath investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
McGrath RentCorp Income Statement Chart
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Total Revenue
Total revenue comprises all receipts McGrath RentCorp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of McGrath RentCorp minus its cost of goods sold. It is profit before McGrath RentCorp operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of McGrath RentCorp. It is also known as McGrath RentCorp overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Operating Income
Operating Income is the amount of profit realized from McGrath RentCorp operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of McGrath RentCorp is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Most accounts from McGrath RentCorp's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into McGrath RentCorp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in McGrath RentCorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. For information on how to trade McGrath Stock refer to our How to Trade McGrath Stock guide.At present, McGrath RentCorp's Total Revenue is projected to increase significantly based on the last few years of reporting. The current year's Gross Profit is expected to grow to about 413.3 M, whereas Total Other Income Expense Net is projected to grow to (38.2 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 281.0M | 336.9M | 393.6M | 413.3M | Total Revenue | 616.8M | 733.8M | 831.8M | 873.4M |
McGrath RentCorp income statement Correlations
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McGrath RentCorp Account Relationship Matchups
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McGrath RentCorp income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 12.3M | 8.8M | 10.5M | 15.2M | 40.6M | 42.6M | |
| Total Revenue | 570.2M | 572.6M | 616.8M | 733.8M | 831.8M | 873.4M | |
| Gross Profit | 266.2M | 263.7M | 281.0M | 336.9M | 393.6M | 413.3M | |
| Other Operating Expenses | 428.9M | 431.8M | 484.4M | 568.3M | 642.1M | 674.2M | |
| Operating Income | 141.4M | 140.8M | 132.4M | 165.6M | 189.7M | 199.2M | |
| Ebit | 141.4M | 140.8M | 132.4M | 165.6M | 190.0M | 199.5M | |
| Ebitda | 230.8M | 235.4M | 239.1M | 276.9M | 299.4M | 314.4M | |
| Total Operating Expenses | 124.8M | 123.0M | 148.6M | 171.3M | 203.9M | 214.1M | |
| Income Before Tax | 129.1M | 132.0M | 121.8M | 150.0M | 149.5M | 156.9M | |
| Total Other Income Expense Net | (12.2M) | (8.7M) | (2.5M) | (12.6M) | (40.3M) | (38.2M) | |
| Net Income | 96.8M | 102.0M | 89.7M | 115.1M | 174.6M | 183.4M | |
| Income Tax Expense | 32.3M | 30.1M | 32.1M | 34.9M | 37.6M | 39.5M | |
| Depreciation And Amortization | 89.5M | 94.6M | 106.7M | 111.3M | 109.4M | 114.8M | |
| Cost Of Revenue | 304.1M | 308.8M | 335.8M | 396.9M | 438.2M | 460.1M | |
| Selling General Administrative | 121.2M | 119.1M | 143.5M | 166.3M | 201.6M | 211.7M | |
| Net Income Applicable To Common Shares | 96.8M | 102.0M | 89.7M | 115.1M | 132.4M | 139.0M | |
| Net Income From Continuing Ops | 96.8M | 102.0M | 89.7M | 115.1M | 126.7M | 86.8M | |
| Selling And Marketing Expenses | 3.6M | 3.9M | 5.1M | 5M | 5.9M | 3.9M | |
| Non Operating Income Net Other | 84K | 78K | (210K) | (378K) | (340.2K) | (323.2K) | |
| Tax Provision | 32.3M | 30.1M | 32.1M | 34.9M | 39.1M | 21.7M | |
| Net Interest Income | (12.3M) | (8.8M) | (10.5M) | (15.2M) | (35.5M) | (33.8M) | |
| Reconciled Depreciation | 89.5M | 94.6M | 106.7M | 111.3M | 109.9M | 105.7M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether McGrath RentCorp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of McGrath RentCorp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Mcgrath Rentcorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Mcgrath Rentcorp Stock:Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in McGrath RentCorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. For information on how to trade McGrath Stock refer to our How to Trade McGrath Stock guide.You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Is Commercial Services & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of McGrath RentCorp. If investors know McGrath will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about McGrath RentCorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 2.688 | Dividend Share 1.89 | Earnings Share 9.15 | Revenue Per Share 36.237 | Quarterly Revenue Growth 0.095 |
The market value of McGrath RentCorp is measured differently than its book value, which is the value of McGrath that is recorded on the company's balance sheet. Investors also form their own opinion of McGrath RentCorp's value that differs from its market value or its book value, called intrinsic value, which is McGrath RentCorp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because McGrath RentCorp's market value can be influenced by many factors that don't directly affect McGrath RentCorp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between McGrath RentCorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if McGrath RentCorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, McGrath RentCorp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.