Mcgrath Rentcorp vs Willis Lease Finance
Mcgrath Rentcorp is the larger business, with $944m of revenue in fiscal 2025 against $730m for Willis Lease Finance (1.3 times as much). Willis Lease Finance grew faster (28.3% against 3.7%). Mcgrath Rentcorp kept more of each dollar of sales as profit: a net margin of 16.6% against 15.6%.
| Latest fiscal year | Mcgrath RentcorpMGRC, 2025 | Willis Lease FinanceWLFC, 2025 |
|---|---|---|
| Revenue | $944m | $730m |
| Revenue growth | 3.7% | 28.3% |
| Net income | $156m | $114m |
| Operating margin | — | 14.3% |
| Net margin | 16.6% | 15.6% |
| Return on equity | 13.2% | 18.8% |
| Free cash flow | $211m | $252m |
| Cash | $295,000 | $16.4m |
| Total debt | $0 | $2.73bn |
| Debt to equity | — | 412.6% |
| Dividend per share | $1.94 | $1.15 |
| Dividend yield | 1.5% | 1.1% |
| Share buybacks | — | $3.8m |
| Employees | 1,306 | 475 |
| Market value | $3.22bn | $938m |
| Price vs our value range | Below our value range | Below our value range |
| Moat score | 75 (Strong) | 37 (Weak) |
| Insider trades, 12 months | 0 buys, 19 sales | 1 buys, 92 sales |