GORMAN RUPP CO (GRC) FY2025 10-K Annual Report

Filed: Mar 2, 2026

Industrials

Pumps & Pumping EquipmentSEC EDGAR

GORMAN RUPP CO (GRC) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Mar 2, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

GORMAN RUPP CO FY2025 10-K Analysis

Business Overview

• Core business: design, manufacture, global sale of pumps and pump systems for multiple liquid-handling applications
• No new products or segments introduced; continued emphasis on diverse pump types and integrated pumping stations
• Strategic focus on maintaining competitive edge via product performance, quality delivery, and service, with global distributor network expansion
• Employees 1,415 as of 12/31/2025, 87% U.S-based, average tenure 12 years, 7% unionized with upcoming contract expiration
• Net sales growth to $682.4M in 2025 from $659.7M in 2024; income before taxes increased to $69.2M from $50.5M

Management Discussion & Analysis

• Revenue $682.4M in 2025, up 3.4% YoY or $22.7M; strongest segments OEM +12.0% ($4.9M), Industrial +6.2% ($8.1M); weakest Construction down 11.1% ($9.4M)
• Gross margin 30.6% in 2025 vs 31.0% 2024; operating margin 14.0% in 2025 vs 13.9% 2024; net income margin 7.8% vs 6.1%, EPS $2.02 vs $1.53
• Operating income $95.4M up 4.3% despite $3.0M one-time facility costs; Interest expense decreased 30.4% to $23.4M due to debt refinancing
• Cash from operations $106.2M; capital expenditures $17.4M; dividends paid $19.6M with 53rd consecutive annual increase; $48.1M remained under $50M share repurchase authorization
• 2026 outlook positive: backlog up 18.5% to $244M; growth expected from municipal infrastructure and data center markets; effective tax rate guidance 21.0%-23.0%

Risk Factors

• Indebtedness $500M including $370M term loan, risking cash flow, refinancing, covenant defaults, and limiting M&A and dividend capacity
• International sales 24% of revenue exposed to risks from trade conflicts with China, Mexico, Canada, and geopolitical instability in Ukraine, Middle East
• Raw material and supplier risk from price volatility, supply interruptions, tariffs, and currency fluctuations affecting production costs and order fulfillment
• Competitive threat from competitors developing superior products or technologies requiring pricing adjustments to maintain market position
• Key-person risk from dependence on executive management and skilled personnel critical to growth, operational initiatives, and product development

GORMAN RUPP CO FY2025 Key Financial Metrics
XBRL

Revenue

$682M

▲ +3.4% YoY

Net Income

$53M

▲ +32.2% YoY

Gross Margin

30.6%

▼ -33bp YoY

Operating Margin

14.0%

▲ +11bp YoY

Net Margin

7.8%

▲ +169bp YoY

ROE

12.8%

▲ +205bp YoY

Total Assets

$860M

▲ +0.2% YoY

EPS (Diluted)

$2.02

▲ +32.0% YoY

Operating Cash Flow

$106M

▲ +52.1% YoY

Source: XBRL data from GORMAN RUPP CO FY2025 10-K filing on SEC EDGAR. All figures in USD.

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