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The Gorman-Rupp Company logo

The Gorman-Rupp Company

gormanrupp.com

What Do They Do?

Designs, manufactures and sells pumps and pump systems for water and wastewater systems, industrial processes, and construction.

How Do They Make Money?

Customers typically pay for pumps and pump systems after delivery, usually following shipment. For certain highly customized pumps, the company is paid as the work progresses.

revenue
SegmentShareRevenue
Industrial
Sold outright

20%
FY2022: 19%
Fire Market
Sold outright

19%
FY2022: 23%
Agriculture
Sold outright

12%
FY2022: 11%
Construction
Sold outright

11%
FY2022: 12%
Municipal
Sold outright

15%
FY2022: 13%
Petroleum
Sold outright
3.8%
FY2022: 3.2%
OEM
Sold outright
6.6%
FY2022: 6.7%
Repair Parts
Sold outright

12%
FY2022: 12%

Who Are Their Customers?

Water and wastewater, construction, industrial, agricultural, fire-suppression and other liquid-handling customers buy through distributors, manufacturers’ representatives, catalogs, retailers, e-commerce and direct sales. International sales mainly go through foreign distributors and representatives.

Do Revenues Turn Into Profits?

Yes. It kept 8 cents of every revenue dollar as net income in FY2025 and turned 13 cents into free cash flow.

Operating income, FY2025
14% of revenue
▲ +4% vs FY2024 ($91.4M, 14%)
Net income, FY2025
8% of revenue
▲ +32% vs FY2024 ($40.1M, 6%)
Free cash flow, FY2025
13% of revenue
▲ +60% vs FY2024 ($55.5M, 8%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q3 FY2026, the three months to Sep 30, 2026
Revenue
▲ +12%
vs $172.8M in Q3 FY2025
Net income
▲ +100%
vs $11.3M in Q3 FY2025
Industrial share of revenue vs 17.9% in Q3 FY2025
  • Jul 24, 2026 CFO James Kerr plans to retire; Ronald Stoops will succeed him Kerr is to step down as CFO effective October 1, 2026, with Stoops succeeding him on that date.

Growing. Revenue grew 80% in 4 years, from $378.3M in FY2021 to $682.4M in FY2025, about 16% a year.

Revenue over time
Industrial Fire Market Agriculture Construction Municipal Petroleum OEM Repair Parts
$1B$500M$0

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