Start here if you're new
what it is
It builds pumps that move water and industrial liquids for cities, farms, construction sites, and factories.
how it gets paid
Last year Grc made $682M in revenue. self-priming centrifugal pumps was the main engine at $239M, or 35% of sales.
why it's growing
Revenue grew 3.4% last year. 30.4% gross margin matters most because margin is what protects earnings when revenue growth is only 3.4% a year.
what just happened
Last quarter revenue landed at $166.57M, just under the $167.08M consensus, while gross margin held at 30.4%.
At a glance
B+ balance sheet — decent shape, but not bulletproof
45/100 earnings predictability — expect surprises
30.9x trailing p/e — you're paying up for this one
1.3% dividend yield — cash in your pocket every quarter
7.9% return on capital — nothing to write home about
xvary composite: 64/100 — average
What they do
It builds pumps that move water and industrial liquids for cities, farms, construction sites, and factories.
This is a replacement business disguised as a manufacturer. When your water or wastewater system fails, you need the pump to work, not a brand-new experiment. That reliability keeps Gorman-Rupp at a 19.1% operating margin, which is profit after running the business, so what: the company still earns real money in a boring market.
How they make money
$682M
annual revenue · their business grew +3.4% last year
self-priming centrifugal pumps
$239M
standard and magnetic drive centrifugal
$157M
submersible and vertical turbine pumps
$143M
rotary gear, diaphragm, bellows, and oscillating pumps
$82M
fire protection and booster systems
$61M
The products that matter
pump manufacturing and systems
Industrial Pumps
$545.6M · 80% of mix shown
this is the core business. it accounts for $545.6M of the $682M mix shown here, so when construction or agriculture slows, this is where you feel it first.
80% of mix
maintenance and repair work
Service & Repair
$136.4M · 20% of mix shown
this $136.4M piece grew 5.5% and matters more than its size suggests. repairs are less cyclical than new equipment orders, which is why this segment helps stabilize the whole company.
steadying force
global service footprint
Manufacturing & Service Network
180+ sites
over 180 manufacturing and service centers give customers somewhere to go after the sale. that does not make the business immune to the cycle, but it does make the installed base worth more.
installed-base support
Key numbers
30.9x
trailing p/e
That is the price you pay for each dollar of profit, so what: the stock is expensive for a company with 3.4% annual revenue growth.
$682M
annual revenue
This is the latest annual sales base from EDGAR, so what: GRC is a real operating business, just not a large one.
19.1%
operating margin
Operating margin means profit after running the business, so what: GRC is not barely scraping by.
$302M
long-term debt
Debt equals future claims on cash, so what: the balance sheet is fine, but it is not empty either.
Financial health
B+
strength
- balance sheet grade B+ — solid but not elite
- risk rank 2 — safer than 80% of stocks
- price stability 75 / 100
- long-term debt $302M (17% of capital)
B+ — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for GRC right now.
source: institutional data · return history unavailable
What just happened
missed estimates
Last quarter revenue landed at $166.57M, just under the $167.08M consensus, while gross margin held at 30.4%.
EPS was reported at $0.43 in the latest quarter, versus $1.34 for full-year 2023 and Value Line's $1.53 for full-year 2024. Quiet part out loud: this is a steady operator, but the quarter did not give you the blowout needed to justify 30.9x earnings.
$166.57M
revenue
$0.43
eps
30.4%
gross margin
the number that mattered
30.4% gross margin matters most because margin is what protects earnings when revenue growth is only 3.4% a year.
source: company earnings report, 2026
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What could go wrong
the #1 risk is construction and agriculture demand staying soft while GRC still trades at 30.9x earnings.
med
Cyclical equipment demand
Industrial Pumps accounts for $545.6M of the $682M business mix shown here. If customers delay new orders, the biggest piece of the revenue base slows first.
most of the company still runs through the 80% equipment line, not the steadier 20% service line
med
Backlog erosion
Backlog stood at $245M. That is your early warning system. If it shrinks, future revenue gets harder before the income statement shows it.
a weaker backlog would make the $660M estimate line harder to defend
med
Margin squeeze
The business posts a 19.1% operating margin but only a 7.8% net margin. That gap tells you there is less cushion lower down the income statement than the headline operating number suggests.
when sales flatten, even a modest cost increase matters more than it would in a fatter net-margin business
med
Dividend signal risk
The yield is only 1.3%, so nobody owns GRC for income alone. But if the $0.19 quarterly dividend stops looking secure, the market will read that as a demand problem, not a payout problem.
for this stock, a dividend freeze would be a message about business quality
The risk is concentrated in the $545.6M pump business. If backlog slips below $245M while revenue stays pinned near the $660M estimate line, the premium multiple has less and less to stand on.
source: institutional data · regulatory filings · risk analysis
Pay attention to
earnings
Q1 2026 earnings report
Estimated report date is April 23, 2026. You want backlog, order commentary, and whether the $166.6M quarter was a wobble or a trend.
backlog
Backlog vs. $245M
This is the cleanest forward read on demand. If backlog grows, the revenue story gets better before the market sees it in reported sales.
margin
Can 19.1% operating margin hold
The stock can survive slow growth better than it can survive slow growth plus margin deterioration. That combination is what breaks the valuation story.
dividend
Next dividend declaration
The next $0.19 quarterly dividend is payable March 10, 2026. You are watching the signal more than the cash amount.
Analyst rankings
earnings predictability
45 / 100
in human-speak, the quarterly numbers are lumpy enough that you should expect a few awkward prints.
risk rank
2
that puts it in the safer bucket versus most stocks, helped by a B+ balance sheet and steadier industrial end markets.
price stability
75 / 100
the share price has been calmer than many small caps. Calm does not mean cheap.
source: institutional data
Institutional activity
institutional ownership data for GRC is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$58
current price
n/a
target midpoint · n/a from current
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