Short answer

GORMAN RUPP CO (GRC) filed its fiscal 2025 10-K annual report with the SEC on Mar 2, 2026. It reported revenue of $682M (+3.4% year over year) and net income of $53M.

Top risk flagged: Indebtedness $500M including $370M term loan, risking cash flow, refinancing, covenant defaults, and limiting M&A and dividend capacity

FY2025 key financial metrics · XBRL

Revenue: $682M; +3.4% YoY
Net income: $53M; +32.2% YoY
Operating margin: 14.0%; +0.1 pp YoY
Gross margin: 30.6%; −0.3 pp YoY
EPS (diluted): $2.02; +32.0% YoY
ROE: 12.8%; +2.1 pp YoY
Operating cash flow: $106M; +52.1% YoY

Source: XBRL data from the GORMAN RUPP CO (GRC) FY2025 10-K on SEC EDGAR. USD.

GORMAN RUPP CO FY2025 10-K analysis

AI summary of each section, grounded in the filing text

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

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