The Gorman-Rupp Company (GRC) 10-Year Financial Performance & Capital Metrics

GRC • • Industrial / General

IndustrialsIndustrial MachineryFluid Handling & Pumping SystemsIndustrial Pumps & Valves

AboutThe Gorman-Rupp Company designs, manufactures, and sells pumps and pump systems in the United States and internationally. The company's products include self-priming centrifugal, standard centrifugal, magnetic drive centrifugal, axial and mixed flow, vertical turbine line shaft, submersible, high pressure booster, rotary gear, diaphragm, bellows, and oscillating pumps. Its products are used in water, wastewater, construction, dewatering, industrial, petroleum, original equipment, agriculture, fire protection, military, and other liquid-handling applications, as well as in heating, ventilating, and air conditioning applications. The company markets its products through a network of distributors, manufacturers' representatives, third-party distributor catalogs, direct sales, and commerce. The Gorman-Rupp Company was founded in 1933 and is headquartered in Mansfield, Ohio.Show more

Revenue $660M
EBITDA $118M +2.3%
Net Income $40M +14.8%
EPS (Diluted) 1.53 +14.2%
Gross Margin 29.1% -2.2%
EBITDA Margin 17.91% +2.2%
Operating Margin 13.68% +3.7%
Net Margin 6.08% +14.7%
ROE 11.09% +8.0%
ROIC 9.14% +5.6%
Debt/Equity 1.04 -14.9%
Interest Coverage 2.68 +27.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 10.6%
✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y4.25%

5Y10.62%

3Y20.36%

TTM3.19%

Profit (Net Income) CAGR

10Y1.05%

5Y2.29%

3Y10.35%

TTM31.83%

EPS CAGR

10Y1.04%

5Y2.23%

3Y10.31%

TTM31.72%

ROCE

10Y Avg10.85%

5Y Avg10.15%

3Y Avg9.85%

Latest11.57%

Peer Comparison

Industrial Pumps & Valves

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GHMGraham Corporation	793M	72.17	65.02	13.13%	6%	10.71%	0.68%	0.06
HLIOHelios Technologies, Inc.	2.04B	61.43	52.50	-3.55%	4.18%	3.68%	4.67%	0.55
SPXCSPX Technologies, Inc.	10.39B	208.56	48.62	13.94%	10.34%	10.41%	2.39%	0.48
IRIngersoll Rand Inc.	34B	86.04	41.77	5.22%	7.31%	5.35%	3.67%	0.49
FLSFlowserve Corporation	9.39B	73.84	34.50	5.49%	9.66%	19.48%	3.67%	0.82
PHParker-Hannifin Corporation	117.22B	928.94	34.25	-0.4%	18.18%	26.41%	2.85%	0.69
GRCThe Gorman-Rupp Company	1.35B	51.25	33.50	0.02%	7.41%	12.4%	4.12%	1.04
KAIKadant Inc.	3.65B	309.92	32.69	9.99%	10.33%	11.29%	3.68%	0.38

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	406.15M	382.07M	379.39M	414.33M	398.18M	348.97M	378.32M	521.03M	659.51M	659.67M
Revenue Growth %	-0.07%	-0.06%	-0.01%	0.09%	-0.04%	-0.12%	0.08%	0.38%	0.27%	0%
Cost of Goods Sold+	313.57M	290.05M	280.64M	304.41M	295.5M	259.41M	282.42M	390.09M	463.26M	467.72M
COGS % of Revenue	0.77%	0.76%	0.74%	0.73%	0.74%	0.74%	0.75%	0.75%	0.7%	0.71%
Gross Profit+	92.58M	92.03M	98.75M	109.92M	102.67M	89.56M	95.9M	130.94M	196.25M	191.95M
Gross Margin %	0.23%	0.24%	0.26%	0.27%	0.26%	0.26%	0.25%	0.25%	0.3%	0.29%
Gross Profit Growth %	-0.14%	-0.01%	0.07%	0.11%	-0.07%	-0.13%	0.07%	0.37%	0.5%	-0.02%
Operating Expenses+	56.19M	54.53M	56.79M	59.28M	58.84M	53.8M	56.54M	90.75M	109.21M	101.7M
OpEx % of Revenue	0.14%	0.14%	0.15%	0.14%	0.15%	0.15%	0.15%	0.17%	0.17%	0.15%
Selling, General & Admin	56.19M	54.53M	56.79M	59.28M	58.84M	53.8M	56.54M	83.12M	96.66M	101.7M
SG&A % of Revenue	0.14%	0.14%	0.15%	0.14%	0.15%	0.15%	0.15%	0.16%	0.15%	0.15%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	-323K	0	0	0	7.64M	12.55M	0
Operating Income+	36.39M	35.7M	37.86M	50.64M	30.09M	35.75M	39.36M	40.18M	87.04M	90.25M
Operating Margin %	0.09%	0.09%	0.1%	0.12%	0.08%	0.1%	0.1%	0.08%	0.13%	0.14%
Operating Income Growth %	-0.32%	-0.02%	0.06%	0.34%	-0.41%	0.19%	0.1%	0.02%	1.17%	0.04%
EBITDA+	51.67M	51.23M	52.91M	65.12M	43.84M	48.45M	51.27M	61.34M	115.54M	118.14M
EBITDA Margin %	0.13%	0.13%	0.14%	0.16%	0.11%	0.14%	0.14%	0.12%	0.18%	0.18%
EBITDA Growth %	-0.24%	-0.01%	0.03%	0.23%	-0.33%	0.11%	0.06%	0.2%	0.88%	0.02%
D&A (Non-Cash Add-back)	15.28M	15.53M	15.05M	14.48M	13.75M	12.69M	11.91M	21.16M	28.5M	27.9M
EBIT	36.39M	38.23M	45.73M	50.64M	43.84M	31.25M	37.25M	33.11M	85.23M	82.32M
Net Interest Income+	0	0	0	0	0	0	0	-19.24M	-41.27M	-33.62M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	0	20K	0	0	0	0	0	19.24M	41.27M	33.62M
Other Income/Expense	875K	-1.01M	-2.58M	-323K	1.33M	-4.51M	-2.11M	-26.31M	-43.08M	-39.76M
Pretax Income+	37.27M	36.48M	39.38M	50.32M	45.17M	31.25M	37.25M	13.87M	43.96M	50.49M
Pretax Margin %	0.09%	0.1%	0.1%	0.12%	0.11%	0.09%	0.1%	0.03%	0.07%	0.08%
Income Tax+	12.16M	11.6M	12.82M	10.34M	9.35M	6.06M	7.4M	2.68M	9.01M	10.38M
Effective Tax Rate %	0.67%	0.68%	0.67%	0.79%	0.79%	0.81%	0.8%	0.81%	0.8%	0.79%
Net Income+	25.11M	24.88M	26.55M	39.98M	35.81M	25.19M	29.85M	11.2M	34.95M	40.12M
Net Margin %	0.06%	0.07%	0.07%	0.1%	0.09%	0.07%	0.08%	0.02%	0.05%	0.06%
Net Income Growth %	-0.31%	-0.01%	0.07%	0.51%	-0.1%	-0.3%	0.19%	-0.62%	2.12%	0.15%
Net Income (Continuing)	25.11M	24.88M	26.55M	39.98M	35.81M	25.19M	29.85M	11.2M	34.95M	40.12M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.96	0.95	1.02	1.53	1.37	0.97	1.14	0.43	1.34	1.53
EPS Growth %	-0.3%	-0.01%	0.07%	0.5%	-0.1%	-0.29%	0.18%	-0.62%	2.12%	0.14%
EPS (Basic)	0.96	0.95	1.02	1.53	1.37	0.97	1.14	0.43	1.34	1.53
Diluted Shares Outstanding	26.16M	26.09M	26.03M	26.13M	26.13M	26.09M	26.12M	26.09M	26.17M	26.22M
Basic Shares Outstanding	26.16M	26.09M	26.03M	26.11M	26.13M	26.09M	26.12M	26.09M	26.08M	26.22M
Dividend Payout Ratio	0.42%	0.45%	0.46%	1.64%	0.4%	0.61%	0.56%	1.6%	0.53%	0.47%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	189.39M	203.9M	227.93M	208.69M	227.66M	246.82M	277.18M	225.53M	236.11M	220.83M
Cash & Short-Term Investments	23.72M	57.6M	79.68M	46.46M	80.56M	108.2M	125.19M	6.78M	30.52M	24.21M
Cash Only	23.72M	57.6M	79.68M	46.46M	80.56M	108.2M	125.19M	6.78M	30.52M	24.21M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	76.76M	71.42M	67.37M	67.71M	65.43M	50.76M	58.55M	93.06M	89.63M	87.64M
Days Sales Outstanding	68.98	68.23	64.81	59.65	59.98	53.1	56.48	65.19	49.6	48.49
Inventory	82.82M	69.05M	74.97M	87.39M	76M	82.69M	85.65M	111.13M	104.16M	99.2M
Days Inventory Outstanding	96.4	86.89	97.5	104.78	93.87	116.34	110.69	103.99	82.06	77.42
Other Current Assets	6.09M	5.82M	5.92M	7.13M	5.68M	5.17M	7.79M	14.55M	11.81M	9.77M
Total Non-Current Assets+	174.81M	178.92M	167.08M	159.6M	155.09M	147.64M	143.57M	647.3M	654.25M	637.64M
Property, Plant & Equipment	129.89M	122.07M	117.07M	113.49M	113.59M	110.34M	105.43M	130.82M	155.11M	151.31M
Fixed Asset Turnover	3.13x	3.13x	3.24x	3.65x	3.51x	3.16x	3.59x	3.98x	4.25x	4.36x
Goodwill	24.56M	28.03M	27.55M	27.23M	27.21M	27.54M	27.24M	257.72M	257.72M	257.55M
Intangible Assets	16.5M	14.84M	10.37M	8.95M	7.78M	6.64M	5.84M	249.36M	236.81M	224.43M
Long-Term Investments	0	0	0	1.95M	393K	0	0	0	0	390K
Other Non-Current Assets	3.86M	13.98M	12.09M	7.96M	6.12M	3.13M	5.05M	9.4M	4.61M	3.96M
Total Assets+	364.2M	382.82M	395.01M	368.28M	382.76M	394.46M	420.75M	872.83M	890.36M	858.47M
Asset Turnover	1.12x	1.00x	0.96x	1.13x	1.04x	0.88x	0.90x	0.60x	0.74x	0.77x
Asset Growth %	-0.04%	0.05%	0.03%	-0.07%	0.04%	0.03%	0.07%	1.07%	0.02%	-0.04%
Total Current Liabilities+	43.46M	49.35M	45.7M	48.47M	45.49M	38.5M	52.44M	85.21M	100.68M	87.53M
Accounts Payable	14.53M	16.31M	15.8M	16.68M	16.03M	9.47M	17.63M	24.7M	23.28M	24.75M
Days Payables Outstanding	16.91	20.52	20.55	20	19.8	13.32	22.79	23.11	18.34	19.32
Short-Term Debt	0	0	0	0	640K	710K	580K	18.61M	22.89M	19.81M
Deferred Revenue (Current)	1000K	1000K	460K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	16.32M	20.35M	9.82M	4.68M	4.71M	3.87M	5.11M	7.92M	11.55M	8.71M
Current Ratio	4.36x	4.13x	4.99x	4.31x	5.00x	6.41x	5.29x	2.65x	2.35x	2.52x
Quick Ratio	2.45x	2.73x	3.35x	2.50x	3.33x	4.26x	3.65x	1.34x	1.31x	1.39x
Cash Conversion Cycle	148.47	134.61	141.77	144.43	134.05	156.12	144.39	146.07	113.33	106.59
Total Non-Current Liabilities+	33.72M	30.58M	23.82M	26.68M	29.39M	40.44M	38.34M	456.42M	440.22M	397.14M
Long-Term Debt	0	0	0	0	1.17M	0	0	419.33M	382.58M	348.1M
Capital Lease Obligations	0	0	0	0	1.17M	960K	560K	1.07M	19.81M	19.16M
Deferred Tax Liabilities	3.63M	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	30.09M	30.58M	23.82M	26.68M	27.05M	39.48M	37.78M	36.03M	37.83M	29.89M
Total Liabilities	77.18M	79.93M	69.52M	75.15M	74.88M	78.94M	90.78M	541.64M	540.9M	484.67M
Total Debt+	0	0	0	0	1.81M	1.67M	1.14M	439.01M	425.28M	387.07M
Net Debt	-23.72M	-57.6M	-79.68M	-46.46M	-78.75M	-106.53M	-124.05M	432.22M	394.77M	362.85M
Debt / Equity	-	-	-	-	0.01x	0.01x	0.00x	1.33x	1.22x	1.04x
Debt / EBITDA	-	-	-	-	0.04x	0.03x	0.02x	7.16x	3.68x	3.28x
Net Debt / EBITDA	-0.46x	-1.12x	-1.51x	-0.71x	-1.80x	-2.20x	-2.42x	7.05x	3.42x	3.07x
Interest Coverage	-	1784.85x	-	-	-	-	-	2.09x	2.11x	2.68x
Total Equity+	287.02M	302.89M	325.5M	293.13M	307.88M	315.51M	329.98M	331.19M	349.46M	373.8M
Equity Growth %	0.02%	0.06%	0.07%	-0.1%	0.05%	0.02%	0.05%	0%	0.06%	0.07%
Book Value per Share	10.97	11.61	12.50	11.22	11.78	12.09	12.63	12.69	13.35	14.26
Total Shareholders' Equity	287.02M	302.89M	325.5M	293.13M	307.88M	315.51M	329.98M	331.19M	349.46M	373.8M
Common Stock	5.09M	5.1M	5.1M	5.1M	5.09M	5.1M	5.1M	5.1M	5.12M	5.13M
Retained Earnings	304.34M	318.04M	332.38M	308.91M	330.18M	340.1M	353.37M	346.66M	363.53M	384.76M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-22.41M	-20.46M	-12.51M	-23.42M	-28.54M	-30.38M	-30.33M	-24.47M	-24.94M	-25.44M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	40.68M	53.43M	43.27M	41.21M	62.17M	51.16M	45.44M	13.69M	98.22M	69.83M
Operating CF Margin %	0.1%	0.14%	0.11%	0.1%	0.16%	0.15%	0.12%	0.03%	0.15%	0.11%
Operating CF Growth %	0.4%	0.31%	-0.19%	-0.05%	0.51%	-0.18%	-0.11%	-0.7%	6.18%	-0.29%
Net Income	25.11M	24.88M	26.55M	39.98M	35.81M	25.19M	29.85M	11.2M	34.95M	40.12M
Depreciation & Amortization	15.28M	15.53M	15.05M	14.48M	13.75M	12.69M	11.91M	21.16M	28.5M	27.9M
Stock-Based Compensation	0	252K	743K	1.67M	1.02M	42K	2.4M	2.96M	3.25M	4.01M
Deferred Taxes	-563K	3.51M	-6.14M	337K	-1.2M	544K	50K	-1.09M	-414K	-1.42M
Other Non-Cash Items	-4M	-16M	-2M	865K	2.77M	5.5M	2.89M	27.36M	12.59M	8.37M
Working Capital Changes	-2.71M	20.89M	-822K	-16.13M	10.01M	7.2M	-1.66M	-47.9M	19.35M	-9.14M
Change in Receivables	-4.75M	5.27M	5.47M	-1.2M	2.22M	15.25M	-8.7M	-13.95M	3.75M	1.18M
Change in Inventory	12.58M	13.9M	-4.3M	-13.6M	11.45M	-5.31M	-4.29M	-32.77M	559K	-2.03M
Change in Payables	-4.12M	1.39M	-1.27M	1.3M	-601K	-6.84M	8.72M	-2.25M	-1.52M	1.22M
Cash from Investing+	-11.18M	-8.47M	-10.41M	-7.47M	-10.85M	-7.7M	-9.17M	-545.67M	-20.16M	-11.87M
Capital Expenditures	-8.26M	-6.88M	-7.75M	-10.95M	-10.91M	-8M	-9.75M	-17.99M	-20.84M	0
CapEx % of Revenue	0.02%	0.02%	0.02%	0.03%	0.03%	0.02%	0.03%	0.03%	0.03%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	466K	1.38M	320K	512K	65K	299K	586K	306K	672K	-11.87M
Cash from Financing+	-29.09M	-11.22M	-12.27M	-65.55M	-17.36M	-16.14M	-18.55M	414.11M	-54.53M	-63.14M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-10.6M	-11.22M	-12.27M	-65.55M	-14.37M	-15.39M	-16.59M	-17.87M	-18.45M	-19.01M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	0	0	0	-383K	-381K	-722K	-15.35M	-551K	-861K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	32.42M	46.56M	35.51M	30.26M	51.26M	43.16M	35.69M	-4.3M	77.39M	55.51M
FCF Margin %	0.08%	0.12%	0.09%	0.07%	0.13%	0.12%	0.09%	-0.01%	0.12%	0.08%
FCF Growth %	1.06%	0.44%	-0.24%	-0.15%	0.69%	-0.16%	-0.17%	-1.12%	18.99%	-0.28%
FCF per Share	1.24	1.78	1.36	1.16	1.96	1.65	1.37	-0.16	2.96	2.12
FCF Conversion (FCF/Net Income)	1.62x	2.15x	1.63x	1.03x	1.74x	2.03x	1.52x	1.22x	2.81x	1.74x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	8.83%	8.44%	8.45%	12.93%	11.92%	8.08%	9.25%	3.39%	10.27%	11.09%
Return on Invested Capital (ROIC)	10.25%	10.53%	11.56%	15.42%	9.49%	12.24%	14.23%	6.22%	8.66%	9.14%
Gross Margin	22.79%	24.09%	26.03%	26.53%	25.79%	25.66%	25.35%	25.13%	29.76%	29.1%
Net Margin	6.18%	6.51%	7%	9.65%	8.99%	7.22%	7.89%	2.15%	5.3%	6.08%
Debt / Equity	-	-	-	-	0.01x	0.01x	0.00x	1.33x	1.22x	1.04x
Interest Coverage	-	1784.85x	-	-	-	-	-	2.09x	2.11x	2.68x
FCF Conversion	1.62x	2.15x	1.63x	1.03x	1.74x	2.03x	1.52x	1.22x	2.81x	1.74x
Revenue Growth	-6.62%	-5.93%	-0.7%	9.21%	-3.9%	-12.36%	8.41%	37.72%	26.58%	0.02%

Frequently Asked Questions

Valuation & Price

The Gorman-Rupp Company (GRC) has a price-to-earnings (P/E) ratio of 33.5x. This suggests investors expect higher future growth.

Growth & Financials

The Gorman-Rupp Company (GRC) reported $678.5M in revenue for fiscal year 2024. This represents a 89% increase from $359.5M in 2011.

The Gorman-Rupp Company (GRC) grew revenue by 0.0% over the past year. Growth has been modest.

Yes, The Gorman-Rupp Company (GRC) is profitable, generating $50.2M in net income for fiscal year 2024 (6.1% net margin).

Dividend & Returns

Yes, The Gorman-Rupp Company (GRC) pays a dividend with a yield of 1.41%. This makes it attractive for income-focused investors.

The Gorman-Rupp Company (GRC) has a return on equity (ROE) of 11.1%. This is reasonable for most industries.

The Gorman-Rupp Company (GRC) generated $96.5M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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