olivLaw · US equity research
The Gorman-Rupp Company GRC
Pumps & Pumping Equipment · SIC 3561 · Vertical: Pumps & Pumping Equipment (SIC 3561)
Gorman-Rupp designs, manufactures and sells pumps and pumping systems for water, wastewater, construction, industrial, fire suppression and HVAC uses. In the third quarter of 2026 the company reported record sales, supported by broad-based demand and rising margins.
At the close of 04 Nov 2026, The Gorman-Rupp Company (GRC) stock was 73.84 USD (−1.49% on the day), with market capitalisation 2.0 bn USD, P/E 26.3 on diluted EPS of 2.80 USD over the last 12 months, dividend yield 0.93%, beta 1.12, 52-week range 43.56–91.74 USD. Latest reported quarter (Q3 2026): revenue of 193.3 m USD (+11.8% YoY), net income of 22.7 m USD (+100.2% YoY), diluted EPS 0.86 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 49.4
- neutral
- Bollinger (20, 2)
- 70.86 – 75.96
- in the upper half of the band · %B 0.58 · band width 6.9%
- SMA 50 / 200
- 74.22 / 72.87
- mixed trend
- MACD (12, 26, 9)
- -0.16 / -0.34
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −4.8% | −1.1% | −3.7 pp | — |
| 3 months | −13.4% | −0.5% | −12.9 pp | — |
| 6 months | −5.0% | +4.4% | −9.4 pp | — |
| Year to date | +54.6% | +12.3% | +42.3 pp | — |
| 1 year | +65.3% | +13.5% | +51.8 pp | +11.5% |
| 3 years | +138.0% | +76.4% | +61.6 pp | +50.8% |
| 5 years | +58.9% | +63.7% | −4.7 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q3 2026 · 30 Sept 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 162.7 m | 163.9 m | 179.0 m | 172.8 m | 166.6 m | 176.6 m | 186.1 m | 193.3 m |
| Cost of revenue | 113.5 m | 113.6 m | 123.0 m | 122.4 m | 114.2 m | 119.2 m | 125.5 m | 128.7 m |
| Gross profit | 49.2 m | 50.3 m | 56.1 m | 50.4 m | 52.3 m | 57.4 m | 60.6 m | 64.5 m |
| SG&A | 25.0 m | 25.1 m | 26.0 m | 25.9 m | 24.4 m | 26.8 m | 27.1 m | 27.5 m |
| Operating income | 21.1 m | 22.1 m | 26.9 m | 21.5 m | 24.8 m | 27.5 m | 30.4 m | 33.9 m |
| Depreciation & amortisation | 6.9 m | 7.0 m | 3.1 m | 3.1 m | 6.9 m | 7.0 m | 3.1 m | 3.1 m |
| Interest expense | 6.7 m | 6.2 m | 6.0 m | 5.8 m | 5.4 m | 5.0 m | 4.7 m | 4.3 m |
| Pre-tax income | 13.7 m | 15.5 m | 20.4 m | 15.3 m | 17.9 m | 22.3 m | 25.4 m | 29.8 m |
| Income tax | 2.7 m | 3.4 m | 4.6 m | 4.0 m | 4.2 m | 4.4 m | 6.0 m | 7.1 m |
| Net income | 11.0 m | 12.1 m | 15.8 m | 11.3 m | 13.7 m | 17.8 m | 19.4 m | 22.7 m |
| Diluted EPS | 0.42 ≈ | 0.46 | 0.60 | 0.43 | 0.52 ≈ | 0.68 | 0.74 | 0.86 |
| Operating cash flow | 9.3 m | 21.1 m | 27.8 m ≈ | 42.3 m ≈ | 15.0 m | 22.0 m | 40.5 m ≈ | 52.4 m ≈ |
| Capex | 4.0 m | 3.0 m | 3.0 m ≈ | 6.6 m ≈ | 4.8 m | 4.3 m | 3.6 m ≈ | 6.8 m ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 63 percentile of its own 8-quarter history (min 18.7, median 24.6, max 38.7; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 414.3 m | 398.2 m | 349.0 m | 378.3 m | 521.0 m | 659.5 m | 659.7 m | 682.4 m |
| Revenue YoY | +9.2% | −3.9% | −12.4% | +8.4% | +37.7% | +26.6% | +0.0% | +3.4% |
| Net income | 40.0 m | 35.8 m | 25.2 m | 29.9 m | 11.2 m | 35.0 m | 40.1 m | 53.0 m |
| Net income YoY | +50.6% | −10.4% | −29.7% | +18.5% | −62.5% | +212.2% | +14.8% | +32.2% |
| Diluted EPS | 1.53 | 1.37 | 0.97 | 1.14 | 0.43 | 1.34 | 1.53 | 2.02 |
| Diluted EPS YoY | +50.0% | −10.5% | −29.2% | +17.5% | −62.3% | +211.6% | +14.2% | +32.0% |
| net % | 9.6% | 9.0% | 7.2% | 7.9% | 2.1% | 5.3% | 6.1% | 7.8% |
| Free cash flow | 30.3 m | 51.3 m | 43.2 m | 35.7 m | -4.3 m | 77.4 m | 55.5 m | 88.9 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 35.1 m USD
- Financial debt
- 284.4 m USD
- Net debt
- 249.3 m USD
- Equity
- 414.7 m USD
- Total assets
- 860.1 m USD
- Debt / equity
- 0.69x
- Current ratio
- 2.37x
- ROE
- 13.4%
- ROA
- 6.2%
- FCF margin
- 13.0%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 349.0 m | 378.3 m | 521.0 m | 659.5 m | 659.7 m | 682.4 m | SEC (XBRL)· 02 Mar 2026verified |
| Cost of revenue | 259.4 m | 282.4 m | 390.1 m | 463.3 m | 455.3 m | 473.2 m | SEC (XBRL)· 02 Mar 2026verified |
| Gross profit | 89.6 m | 95.9 m | 130.9 m | 196.3 m | 204.3 m | 209.1 m | SEC (XBRL)· 02 Mar 2026verified |
| SG&A | 52.7 m | 56.0 m | 83.1 m | 96.7 m | 100.5 m | 101.4 m | SEC (XBRL)· 02 Mar 2026verified |
| Operating income | 35.8 m | 39.4 m | 40.2 m | 87.0 m | 91.4 m | 95.4 m | SEC (XBRL)· 02 Mar 2026verified |
| Depreciation & amortisation | 12.7 m | 11.9 m | 21.2 m | 28.5 m | 27.9 m | 27.7 m | SEC (XBRL)· 02 Mar 2026verified |
| EBITDA | 48.4 m ≈ | 51.3 m ≈ | 61.3 m ≈ | 115.5 m ≈ | 119.3 m ≈ | 123.1 m ≈ | SEC (XBRL)· 02 Mar 2026derived |
| Interest expense | 0 | 0 | 19.2 m | 41.3 m | 33.6 m | 23.4 m | SEC (XBRL)· 02 Mar 2026verified |
| Pre-tax income | 31.2 m | 37.2 m | 13.9 m | 44.0 m | 50.5 m | 69.2 m | SEC (XBRL)· 02 Mar 2026verified |
| Income tax | 6.1 m | 7.4 m | 2.7 m | 9.0 m | 10.4 m | 16.1 m | SEC (XBRL)· 02 Mar 2026verified |
| Net income | 25.2 m | 29.9 m | 11.2 m | 35.0 m | 40.1 m | 53.0 m | SEC (XBRL)· 02 Mar 2026verified |
| Diluted EPS | 0.97 | 1.14 | 0.43 | 1.34 | 1.53 | 2.02 | SEC (XBRL)· 02 Mar 2026verified |
| Weighted average diluted shares | — | — | — | 26.2 m | 26.2 m | 26.3 m | SEC (XBRL)· 02 Mar 2026verified |
| Dividend per share | 0.59 | 0.64 | — | — | — | — | SEC (XBRL)· 28 Feb 2022verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 108.2 m | 125.2 m | 6.8 m | 30.5 m | 24.2 m | 35.1 m | SEC (XBRL)· 02 Mar 2026verified |
| Receivables | 50.8 m | 58.5 m | 93.1 m | 89.6 m | 87.6 m | 88.4 m | SEC (XBRL)· 02 Mar 2026verified |
| Inventories | 82.7 m | 85.6 m | 111.1 m | 104.2 m | 99.2 m | 96.5 m | SEC (XBRL)· 02 Mar 2026verified |
| Current assets | 246.8 m | 277.2 m | 225.5 m | 236.1 m | 220.8 m | 233.7 m | SEC (XBRL)· 02 Mar 2026verified |
| Property, plant & equipment, net | 108.7 m | 104.3 m | 128.6 m | 134.9 m | 131.8 m | 134.1 m | SEC (XBRL)· 02 Mar 2026verified |
| Goodwill | 27.5 m | 27.2 m | 257.7 m | 257.7 m | 257.6 m | 258.0 m | SEC (XBRL)· 02 Mar 2026verified |
| Total assets | 394.5 m | 420.8 m | 872.8 m | 890.4 m | 858.5 m | 860.1 m | SEC (XBRL)· 02 Mar 2026verified |
| Long-term debt | — | 0 | 419.3 m | 382.6 m | 348.1 m | 284.4 m | SEC (XBRL)· 02 Mar 2026verified |
| Current liabilities | 38.5 m | 52.4 m | 85.2 m | 100.7 m | 87.5 m | 98.6 m | SEC (XBRL)· 02 Mar 2026verified |
| Total liabilities | 78.9 m | 90.8 m | 541.6 m | 540.9 m | 484.7 m | 445.3 m | SEC (XBRL)· 02 Mar 2026verified |
| Equity | 315.5 m † | 330.0 m † | 331.2 m † | 349.5 m † | 373.8 m † | 414.7 m † | SEC (XBRL)· 02 Mar 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 51.2 m | 45.4 m | 13.7 m | 98.2 m | 69.8 m | 106.2 m | SEC (XBRL)· 02 Mar 2026verified |
| Capex | 8.0 m | 9.8 m | 18.0 m | 20.8 m | 14.3 m | 17.4 m | SEC (XBRL)· 02 Mar 2026verified |
| Free cash flow | 43.2 m ≈ | 35.7 m ≈ | -4.3 m ≈ | 77.4 m ≈ | 55.5 m ≈ | 88.9 m ≈ | SEC (XBRL)· 02 Mar 2026derived |
| Investing cash flow | -7.7 m | -9.2 m | -545.7 m | -20.2 m | -11.9 m | -15.3 m | SEC (XBRL)· 02 Mar 2026verified |
| Financing cash flow | -16.1 m | -18.6 m | 414.1 m | -54.5 m | -63.1 m | -80.9 m | SEC (XBRL)· 02 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
Risk
Valuation
olivLaw classification
Score: 68 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 2.0 bn USD
Key indicators
Coverage and freshness
Score by group
- Balance sheet78
- Quality76
- Valuation42
- Growth89
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 8.41 – 110.41 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)66.98 – 110.08 (Mid 83.41)WACC 8.8% · starting FCFF 125.3 m USD · terminal value share of EV 75%The WACC × g sensitivity gives the method's bounds; these are not probabilities.Reverse DCF: starting growth implied by the price (fading linearly to terminal growth, everything else fixed): 4.4%
- Peers: EV/EBITDA69.16 – 101.25 (Mid 84.46)4 companies used · median multiple 17.7x · quartiles 14.8x – 21.0xFLS, GGG, ITT, XYL
- Peers: P/E62.92 – 110.41 (Mid 90.87)5 companies used · median multiple 32.4x · quartiles 22.5x – 39.4xFLS, GGG, IEX, ITT, XYL
- Dividend discount (DDM)8.41 – 11.31 (Mid 9.65)
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Neutral profile · Score 68/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 13.7% | 83 (vs peers) | 12% |
| Net margin · Quality | 10.2% | 40 (vs peers) | 7% |
| FCF conversion · Quality | 149.7% | 100 (on a fixed band) | 7% |
| Revenue CAGR 3Y · Growth | 9.4% | 78 (on a fixed band) | 9% |
| EPS CAGR 3Y · Growth | 67.5% | 100 (on a fixed band) | 9% |
| Net debt / EBITDA · Balance sheet | 1.4x | 74 (on a fixed band) | 12% |
| Interest coverage · Balance sheet | 6.0x | 70 (on a fixed band) | 7% |
| Current ratio · Balance sheet | 2.7x | 100 (on a fixed band) | 5% |
| P/E (TTM) · Valuation | 26.3x | 60 (vs peers) | 12% |
| EV/EBITDA · Valuation | 15.7x | 0 (on a fixed band) | 12% |
| FCF yield · Valuation | 5.7% | 71 (on a fixed band) | 9% |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet78/100 · 3/3 factors with a value
- Growth89/100 · 2/2 factors with a value
- Quality76/100 · 3/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation42/100 · 3/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
The Gorman-Rupp Company (GRC). Latest full fiscal year: 2025; data up to 2026-09-30.
Figures computed from the financial statements: revenue 682.4 m USD in 2025; YoY growth 3.4%; net margin 10.2%; ROE 17.0%; net debt/EBITDA 1.4x.
The estimated value range is 64.95–105.67 USD per share (median of 4 methods, agreement: high); assumptions are illustrative. Against the central value of 83.93 USD, the price of 73.84 USD leaves a potential of 13.7% (value / price − 1) and a margin of safety of 12.0% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 68/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: returns. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- ROIC: 13.7%
- FCF conversion: 149.7%
- Revenue CAGR 3Y: 9.4%
- EPS CAGR 3Y: 67.5%
- Net debt / EBITDA: 1.4x
- Current ratio: 2.7x
- FCF yield: 5.7%
What contradicts it
- EV/EBITDA: 15.7x
Not assessed (insufficient data or a ratio without meaning): Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Pumps & Pumping Equipment (SIC 3561) · same industry (4-digit SIC) · compared with 6 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| XYLXylem Inc. | 23.2 bn | 22.3 | 10.1% | 11.9% | +5.5% | −28% / −4% |
| ITTItt Inc. | 18.0 bn | 39.4 | 11.5% | 8.9% | +8.5% | +9% / +86% |
| IEXIdex Corp | 17.2 bn | 32.4 | 13.3% | 14.6% | +5.8% | +34% / +16% |
| GGGGraco Inc. | 11.2 bn | 22.5 | 20.4% | 22.4% | +5.8% | −15% / −14% |
| FLSFlowserve Corp | 10.3 bn | 40.7 | 11.1% | — | unavailable | +14% / +112% |
| GRCThe Gorman-Rupp Company | 2.0 bn | 26.3 | 17.0% | 10.2% | +3.4% | +65% / +138% |
| APAmpco-Pittsburgh Corp | 142.8 m | — | -126.3% | -13.8% | +3.8% | +167% / +149% |
1- and 3-year price returns: for GRC from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 45.62 Total return -38% · Per year -38% | 80.48 Total return 9% · Per year 9% | 120.98 Total return 64% · Per year 64% |
| 3 years | 48.76 Total return -34% · Per year -13% | 96.34 Total return 30% · Per year 9% | 158.35 Total return 114% · Per year 29% |
| 5 years | 52.11 Total return -29% · Per year -7% | 115.32 Total return 56% · Per year 9% | 207.28 Total return 181% · Per year 23% |
- Exit P/E± 24.08
- Net margin± 16.86
- Annual revenue growth± 13.22
- Annual dilution± 1.42
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Gorman-Rupp designs, manufactures and sells pumps and pumping systems for water, wastewater, construction, industrial, fire suppression and HVAC uses. In the third quarter of 2026 the company reported record sales, supported by broad-based demand and rising margins 3.
SWOT
Strengths
- A large base of installed products generates steady demand for replacement parts, helping stabilize sales.
- Diverse end markets, from water and fire to industrial and agriculture, reduce dependence on any single sector.
- A long record of dividend increases and recent margin improvement support long-term investor confidence.
Weaknesses
- The company carries a meaningful level of debt, and interest costs can limit cash available for other uses.
- Shares are concentrated in a family ownership group, which can make the stock more sensitive to large trades.
- Non-recurring facility optimization costs and LIFO reserve effects can affect reported results.
Opportunities
- Municipal infrastructure spending and data center demand could support continued sales growth.
- Debt reduction could free funds for capacity investment and new products.
- Export and international sales could grow if demand abroad improves.
Threats
- Competition from imported products and pricing pressure could erode margins.
- Changes in tax or trade policy could affect costs and demand, including repeal of the LIFO method.
Risks
- Dependence on capital spending cyclemedium
Demand depends on customers' capital investment and maintenance spending, which can fall during economic slowdowns.
- Indebtednesshigh
Substantial debt can limit financial flexibility, and failure to meet covenants could have serious consequences.
- Competitive price pressuremedium
Intense competition may force price cuts, which would weigh on margins and results.
- Repeal of LIFO methodmedium
If LIFO were repealed, postponed taxes would likely have to be repaid, reducing cash available for operations.
- Intellectual propertylow
Copying of products or challenges to patents could create litigation and alternative development costs.
Investment thesis
What would need to be true (bull case)
- Record sales and margins in the third quarter of 2026 show the business model can generate strong profits if demand holds 3.
- Rapid debt reduction could raise the company's capacity to invest and pay dividends if the trend continues.
- Market diversity and a large installed base offer stability that could cushion sector downturns.
What would break the thesis
- Recent sales growth was partly supported by higher prices, and weaker demand could reverse the trend.
- Debt remains significant, and if interest rates rose, financing costs could cut profitability.
- Fragmented competition and imports could limit the company's ability to sustain high margins over the long term.
What to watch
- Quarterly sales and new orders, including backlog levelQ4 2026
- Trend in gross margin and SG&A expenseQ4 2026
- Debt reduction and interest expense level2027
- Guidance on capital expenditure and effective tax ratenext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
The Gorman-Rupp Company was incorporated in Ohio in 1934 and designs, manufactures and sells pumps and pump systems for water, wastewater, construction, dewatering, industrial, petroleum, original equipment, agriculture, fire suppression, HVAC, military and other liquid-handling uses 1. The company operates in one business segment, the manufacture and sale of pumps and pump systems 1. Net sales for 2025 were 682.4 million USD, compared with 659.7 million USD in 2024 1.
Pumps are marketed through a broad network of distributors, manufacturers' representatives, third-party catalogs, direct sales, retailers and e-commerce, and export sales are made mainly through foreign distributors 1. In 2025 products shipped to about 140 countries, and no single customer or foreign country exceeded 10% of net sales in 2023-2025 1. The company had about 1,415 employees at December 31, 2025 1.
The company does not buy materials under long-term contracts and is not dependent on a single source for key components, although it buys motors for its large submersible pumps from a limited number of suppliers 1. It has a long record of increasing dividends and in 2025 reached its 53rd consecutive year of dividend increases 1.
Segments
Single segment: pumps and pump systems
The company reports one segment covering the manufacture and sale of pumps and pump systems, from centrifugal and submersible types to diaphragm and rotary designs 1.
Market context
The company sells into fragmented markets with many competitors, several of them subsidiaries of much larger corporations, and competition from foreign-sourced pumps has increased in most domestic markets 1. Demand depends on customers' capital investment and planned maintenance spending, which respond to economic conditions, credit availability and commodity prices 1.
In its annual report management expressed a positive outlook for the municipal market, supported by infrastructure spending, and for demand linked to data center construction 1. In the third quarter of 2026 sales rose in all markets, with notable gains in agriculture and construction 23.
Trends
- Municipal infrastructure and flood controltailwind
Management expects the municipal market to keep benefiting from infrastructure spending, including demand for flood control and storm water management 1. Sustained spending of this kind could support sales over the medium term.
- Data center construction demandtailwind
The company expects several markets to benefit from demand tied to data center construction 1. Fire suppression sales rose partly for this reason in 2025 1.
- Slowdown in construction activitymixed
In 2025 construction market sales fell due to a general slowdown in activity, including sales into the rental market 1. The market recovered in 2026, but a renewed slowdown could weigh on orders.
- Costs and pricingmixed
Inflation and volatile oil and agricultural prices can reduce customer investment and delay orders 1. The company raised prices at the start of 2026, which helped sales grow 2.
Competitive position
Competition is intense and fragmented, and the company relies on proper application, product performance, quality of delivery and service, along with its large base of installed products that need replacement parts 1. Many pumps are engineered for specific customer applications, which limits direct price pressure on some segments 1.
Competitive risks include rivals developing superior products, adopting new technologies faster or cutting prices, which could hurt sales and margins 1. The company has also faced copying of its products and infringement of its intellectual property 1.
- Fragmented pump makers, subsidiaries of large corporations
Numerous competitors exist as subsidiaries, divisions or departments of much larger corporations, not named in the source 1.
- Foreign-sourced pump suppliers
Pumps sourced from abroad have grown in competition across most of the company's domestic markets 1.
- Equipment makers adapting to customer requirements
Competitors may adapt more quickly to new technologies or evolving customer requirements, according to the risk factors 1.
- Providers of industrial pumping and dewatering technology
Rivals may develop more efficient ways of providing products and services, which could shift competition in dewatering and industrial segments 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- Why Gorman-Rupp Co. (GRC) Was a Top Performer for Gabelli in Q2Yahoo Finance — News · 22 Sept 2026 · EN
- Gorman-Rupp Eyes Data Centers, Acquisitions as Debt Falls Below Key ThresholdYahoo Finance — News · 29 Aug 2026 · EN
The latest news item in our archive is from 22 Sept 2026; the newest SEC filing is from 30 Oct 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.
SEC filings
- Current report30 Oct 2026Departure or appointment of officers · Financial statements and exhibits
- Quarterly report26 Oct 2026
- Current report23 Oct 2026Results of operations · Financial statements and exhibits
- Current report02 Oct 2026Departure or appointment of officers · Financial statements and exhibits
- Quarterly report27 Jul 2026
- Current report24 Jul 2026Departure or appointment of officers · Regulation FD disclosure · Financial statements and exhibits
- Current report24 Jul 2026Results of operations · Financial statements and exhibits
- Current report27 Apr 2026Other events · Financial statements and exhibits
- Quarterly report27 Apr 2026
- Current report23 Apr 2026Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / The Gorman-Rupp Company · 02 Mar 2026
- [2] Form 10-Q, quarter ended 2026-09-30 · SEC / The Gorman-Rupp Company · 26 Oct 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / The Gorman-Rupp Company · 23 Oct 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.