Gorman Rupp Co. (GRC)

Key figures

The last twelve months reported, with the latest price and balance sheet.

Revenue, last twelve months

$722.5M

Revenue growth

6.5%

Net income, last twelve months

$73.7M

Earnings per share

$2.81

Gross margin

32.5%

Operating margin

16.1%

Net margin

10.2%

Free cash flow

$110.4M

Return on equity

16.0%

Market value

$2.0B

Price to earnings

26.7x

Dividend yield

0.9%

Cash

$59.3M

Debt

$250.2M

Debt to equity

0.54

Shares outstanding

26.4M

Financial statements

Revenue, profit and cash flow by fiscal year, each year linked to its annual report.

By quarter

What the company said with its results

From the third quarter of 2026 results, filed 23 October 2026.

• Record quarterly sales and earnings. Net sales rose 11.8% to $193.3 million, and net income reached $22.7 million, or $0.86 per share, against $11.3 million, or $0.43 per share, a year earlier.
• Adjusted EBITDA rose $9.5 million. Adjusted EBITDA was $41.8 million, or 21.6% of sales, against $32.3 million, or 18.7% of sales, in the third quarter of 2025.
• Operating income rose to $33.9 million. Operating income was $33.9 million, an operating margin of 17.5%, against $21.5 million and 12.4% in the third quarter of 2025.
• Agriculture, construction and industrial gains. Agriculture sales rose $4.7 million, construction $3.5 million and industrial $3.4 million, partly on improvement across Fill-Rite’s sales channels.
• Rental equipment and HVAC lifted sales. Construction sales also gained from higher rental equipment sales, and industrial sales gained from increased HVAC demand.
• Fire suppression rose on international sales. Fire suppression sales rose $3.8 million, which the company attributed to increased international sales.
• Municipal, OEM, petroleum and repair gains. Municipal sales rose $2.0 million, OEM $1.4 million, petroleum $1.0 million and repair $0.6 million in the quarter.
• Gross margin up 420 basis points. Gross margin was 33.4% on gross profit of $64.5 million, against 29.2% and $50.4 million in the third quarter of 2025.
• Labor and overhead leverage drove margin. Labor and overhead expense improved 190 basis points: 130 from leverage on higher sales and 60 from favorable medical expenses.
• Lapped 2025 facility costs lifted margin. Gross margin also gained 160 basis points from 2025 facility optimization costs that did not recur, and 70 basis points from lower LIFO expense.
• SG&A fell to 14.3% of sales. SG&A expenses were $27.5 million, or 14.3% of net sales, against $25.9 million and 15.0%, with the ratio improved by sales leverage.
• Nine-month sales up 7.8%. Net sales for nine months were $555.9 million, with construction at $14.7 million and agriculture at $13.3 million among the largest gains.
• Nine-month gross margin rose 240 basis points. Gross margin was 32.8% for nine months against 30.4%, including a 100 basis point gain on material margin, 30 basis points of it from lower LIFO expense.
• Nine-month interest expense declined. Interest expense was $13.9 million for nine months against $18.0 million, mainly on lower outstanding debt.

Revenue by segment

As the company reports it in the segment note of its annual report.

By product, FY2025

By region, FY2025

Company events

The newest 8-K filings of 127 held.

Every filing

The newest filings with the SEC of 398 held.

Insider trades

Form 4 trades by officers, directors and 10% owners, last 12 months.

Large holders

Schedule 13D and 13G filings by holders of more than 5% of the voting shares.

Short interest

Shares sold short and not yet bought back, on each FINRA settlement date.

Funds that hold it

From each fund's latest Form 13F.

269 funds held it at 30 Jun 2026: 130 added and 69 trimmed in the quarter. The largest:

Peers

Companies in the same industry.

• Xylem Inc. (XYL): revenue $9.1B, market value $20.2B
• Idex Corp. (IEX): revenue $3.7B, market value $17.5B
• ITT Inc. (ITT): revenue $4.7B, market value $17.5B
• Graco Inc. (GGG): revenue $2.3B, market value $10.8B
• Flowserve Corp. (FLS): revenue $4.7B, market value $9.1B

What the company does

The Gorman-Rupp Company was incorporated in Ohio in 1934. It designs, manufactures and sells pumps and pump systems around the world for water, wastewater, construction, dewatering, industrial, petroleum, agriculture, fire suppression, heating, ventilating and air conditioning (HVAC), military and other liquid-handling uses. The company reports one business segment, the manufacture and sale of pumps and pump systems. It employed approximately 1,415 people at 31 December 2025 and shipped its pumps to approximately 140 countries during 2025.

What it makes

Gorman-Rupp's pump models range in size from 1/4" to nearly 15 feet. Rated capacity runs from less than one gallon per minute to nearly one million gallons per minute. The types it produces include self-priming centrifugal, standard centrifugal, magnetic drive centrifugal, axial and mixed-flow, vertical turbine line shaft, submersible, high-pressure booster, rotary gear, rotary vein, diaphragm, bellows and oscillating pumps.

The drives range from fractional horsepower electric motors up to larger electric motors or internal combustion engines capable of producing several thousand horsepower. Many of the larger units are encased, fully integrated water and wastewater pumping stations. Some units are designed to take drives supplied by the customer.

Where the pumps are used

Its larger pumps go into construction, industrial, water and wastewater work, flood control, boosting low residential water pressure, pumping refined petroleum products (including the ground refueling of aircraft), HVAC fluid control and agriculture.

Fire suppression pumps serve sprinkler back-up systems, stand pipes, fog systems and deluge systems at hotels, banks, factories, airports, schools, public buildings and data centers. Many of the smallest pumps are built into other products, such as food and chemical processing equipment, medical applications, computer cooling, waste treatment, HVAC equipment, appliances and solar heating.

During 2025 it cut the number of National Pump Company operating facilities from six to three and moved the Olive Branch, MS facility into Patterson Pump Company operations.

How it sells

Gorman-Rupp sells in the United States and abroad through distributors, manufacturers' representatives (for certain OEM sales), third-party distributor catalogs, direct sales, retailers and e-commerce. Export sales go primarily through foreign distributors and representatives. The company provides specialized training programs to distributors on a regular basis.

No single customer and no foreign country took more than 10% of total net sales in 2025, 2024 or 2023. Substantially all revenue comes from fixed-price customer contracts. Most of it is recognized at a point in time. Certain highly customized pump products are recognized over time as work progresses.

The company reported a backlog of unfilled orders at 31 December 2025. It says approximately 90% of that backlog is scheduled to ship during 2026, with the remainder principally in the first half of 2027.

How it competes

The pump industry is fragmented, and Gorman-Rupp competes with a large number of businesses. Many competitors are subsidiaries, divisions or departments of larger corporations. The company also faces increased competition from foreign-sourced pumps in most of its domestic markets.

Most commercial and industrial pumps are designed and engineered for a particular customer's application. Its installed base of products periodically needs replacement parts, which the company says benefits its sales. It owns a number of patents but says it is not materially dependent on any one of them.

How it buys and builds

Substantially all materials and components are bought from outside suppliers. These include castings (most of the patterns for which the company makes and owns), structural steel, bar stock, motors, solenoids, engines, seals, and plastic and elastomeric parts. Motor components for large submersible pumps, and motors and engines for pump systems, come from a limited number of suppliers. The company does not buy materials under long-term contracts and says it does not depend on a single source for any materially important item.

Its own production covers machining of castings, cutting, shaping and welding of bar stock and structural members, design and assembly of electrical control panels, manufacture of some small motors and a few minor components, and the assembly, painting and testing of its products. The majority of products are tested before shipment.

Its people

Of the approximately 1,415 employees, approximately 740 were hourly. In all, 87% work at United States locations and 13% at international locations. Average tenure is 12 years. About 7% of employees work under a collective bargaining agreement, which expires within the next twelve months. The company says it has never experienced a work stoppage.

Pay programs vary by country and region. They include profit sharing, a 401(k) plan, medical insurance, health savings accounts, paid time off and tuition assistance. Certain domestic employees hired before 1 January 2008 take part in a defined benefit plan, while later hires in eligible locations take part in an enhanced 401(k) plan. Employees can buy company shares through an Employee Stock Purchase Plan, a 401(k) Plan and a Dividend Reinvestment Plan.

*From Gorman-Rupp's annual report on Form 10-K for the year ended 31 December 2025. [The filing](https://www.sec.gov/Archives/edgar/data/42682/000119312526084820/grc-20251231.htm)*

From the company's 10-K.