The Gorman-Rupp Company

Rank #292Hypergrowth

GRC · NYSE · Industrials

The Gorman-Rupp Company (GRC) — Rank #292 by gross profitability (GP/assets 0.24) · ROE 12.0% · Piotroski F-Score N/A.

As-of 2026-09-15 · CIK 0000042682 · all metrics point-in-time as of the filing date.

About

The Gorman-Rupp Company designs, manufactures, and sells pumps and pump systems in the United States and internationally.

The company offers 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. Its products are used in water, wastewater, construction, dewatering, industrial, petroleum, chemical processing, original equipment, agriculture, fire suppression, heating, ventilating and air conditioning, military, and other liquid-handling applications. The company markets its products through a network of distributors, manufacturers' representatives, third-party distributor catalogs, direct sales, retailers, and e-commerce.

The Gorman-Rupp Company was founded in 1933 and is headquartered in Mansfield, Ohio.

Industry: Specialty Industrial Machinery
Sector: Industrials
State: OH
Filer Category: Large accelerated filer
Fiscal Year End: December 31
Website: gormanrupp.com

Price History

GRC+131.0% · +18.2% CAGRSPY+80.5% · +12.5% CAGR

Company Snapshot

P/S is the primary valuation lens — earnings are reinvested, not available for P/E.

Market Cap

$1.86B

P/E (annual)

34.9

P/S (annual)

2.7

P/B

4.2

P/OCF (annual)

17.5

Shareholder Yield

-0.8%

Employees

1,415

Industry

Specialty Industrial Machinery

Exchange

NYSE

Signal Flags

4 green1 yellow

Revenue growth acceleratingGrowth rate increasing year over year

Operating leverage expandingOperating income growing faster than revenue

Deferred revenue growingRevenue and deferred revenue both growing — retention signal

Sequential beat (rev + EPS)Both revenue and EPS exceeded prior quarter — 2-quarter streak

Disclosure regressionA previously-disclosed line item is no longer reported — worth checking the filing for why

Quality Profile

Profitability

1/1 pass

GP / assets

0.24

Return on equity

12.0%

Gross margin trend

PASS

Safety

1/1 pass

Balance-sheet safety

PASS

Debt / equity

0.96

Current ratio

2.81×

Net cash

-$231.40M

Cash Flow

3/3 pass

Positive FCF

PASS

Cash-backed earnings

PASS

Accruals healthy

PASS

SBC / revenue

0.5%

Growth

2/2 pass

Revenue growth

78.6%

Piotroski F-Score

N/A

Share dilution

0.8%

Terry Smith quality gate

Passes 1/5 Terry Smith thresholds

1 of 5 threshold not computable from filed data.

What Growth Is Priced In

Implied revenue growth (10Y)

8.3%

incredible deal

The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).

Dilution drag: 0.8% — per-share value needs a total required return of 9.1% once share-count change is priced in.

vs. own 6-year median revenue growth: 1.8%

priced above its own history

Cost-of-equity sensitivity (implied growth at different discount rates)

r = 8%

3.9%

r = 10% (base)

8.3%

r = 12%

12.0%

Net debt / market cap: 12.5%

Base FCF: $88.9M3Y mean FCF: $38.2M

Valuation History

Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.

P / E

Price / diluted EPS

26.7xFair

16.9xmed 26.6x33.4x

P / S

Price / revenue per share

1.9xFair

1.3xmed 2.2x1817.5x

P / B

Price / book value per share

2.2xCheap

2.1xmed 2.7x2724.4x

P / GP

Price / gross profit per share

7.2xCheap

5.4xmed 9.0x7833.4x

P / FCF

Price / free cash flow per share

20.0xCheap

17.8xmed 30.1x48834.2x

Earnings bubble check

Current margins may be above sustainable levels — a P/E based on peak earnings can overstate cheapness.

Gross margin26.0% now vs 22.8%–26.0% 10yr range

2.0σ above average

Disclosure regression check

A previously-disclosed line item is no longer reported. Worth checking the filing for why.

AcquisitionsCash flow detail

last seen FY2018

Revenue growth and the path to profitability (margin trend) are the primary reads at this stage.

Profitability

Gross profitability (GP / assets)

0.24

Primary signal (Novy-Marx).

51st pctl of 36 SIC 35 peers

Return on equity

12.0%

Gross margin

30.6%

17th pctl of 36 SIC 35 peers

Revenue growth (YoY)

78.6%

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

	2014	2015	2016	2017
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

—

Revenue CAGR (5Y)

—

Earnings CAGR (3Y)

67.9%

FCF CAGR (3Y)

—

Anti-fragile safety

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

0.96

40th pctl of 36 SIC 35 peers (best = lowest)

Current ratio

2.81×

86th pctl of 36 SIC 35 peers

Quick ratio

1.71×

Net cash

-$231.40M

Cash & equivalents minus total debt.

Cash-flow health

Free cash flow

$88.85M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF / net income

0.68

Cash-backing of earnings.

FCF/NI divergence

Unfavorable divergence (yellow flag).

PASS

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

0.5%

Stock-based comp intensity.

Piotroski F-Score

F-Score

N/A

Only 8/9 components determinable.

Lifecycle Phase History

2012-2013

2014

2015

2016-2017

20122017

Value

Op. Leverage

Decline

View full financial statements →