GRCMEDIUM SIGNALFINANCIAL10-K

Gorman-Rupp delivered substantially stronger operating cash flow generation while reducing debt levels and increasing profitability.

The company demonstrated improved operational efficiency with meaningfully higher cash generation combined with disciplined capital allocation, as evidenced by reduced capital expenditures and debt reduction. The strengthened balance sheet position with higher cash levels and lower debt provides greater financial flexibility for future growth investments or shareholder returns.

Comparing 2026-03-02 vs 2025-03-03View on EDGAR →
FINANCIAL ANALYSIS

Gorman-Rupp showed strong cash flow performance with operating cash flow growing substantially while capital expenditures declined meaningfully, resulting in significantly improved free cash flow generation. The company used this enhanced cash generation to strengthen its balance sheet by reducing total debt by 16% and building cash reserves, while net income grew notably by 32%. The overall financial picture signals improved operational efficiency and disciplined capital management, with stockholders' equity increasing 11% reflecting the company's strengthened financial position.

FINANCIAL STATEMENT CHANGES
Operating Cash Flow
Cash Flow
+52.1%
$69.8M$106.2M

Operating cash flow surged 52.1% — exceptional cash generation, highest quality earnings signal.

Cash & Equivalents
Balance Sheet
+44.9%
$24.2M$35.1M

Cash position surged 44.9% — strong cash generation or capital raise providing significant financial cushion.

Capital Expenditure
Cash Flow
-36.8%
$21.0M$13.3M

Capex reduced 36.8% — investment cycle winding down or capital discipline; may improve near-term free cash flow.

Net Income
P&L
+32.2%
$40.1M$53.0M

Net income grew 32.2% — bottom-line growth signals improving overall business health.

Total Debt
Balance Sheet
-16.1%
$366.6M$307.5M

Debt reduced 16.1% — deleveraging strengthens balance sheet and reduces financial risk.

Current Liabilities
Balance Sheet
+12.7%
$87.5M$98.6M

Current liabilities rose 12.7% — increased short-term obligations, watch current ratio.

Stockholders Equity
Balance Sheet
+10.9%
$373.8M$414.7M

Equity base grew 10.9% — retained earnings accumulation or equity issuance strengthening the balance sheet.

LANGUAGE CHANGES
NEW — 2026-03-02
PRIOR — 2025-03-03
ADDED
On March 2, 2026, there were 26,312,842 com mon shares, without par value, of The Gorman-Rupp Company outstanding.
Form 10-K Summary 60 Signatures 61 * Included pursuant to the instructions to Item 401 of Regulation S-K.
Such uncertainties include, but are not limited to, our estimates of future earnings and cash flows, general economic conditions and supply chain conditions and any related impact on costs and availability of materials, retention of supplier and customer relationships and key employees, the ability to service and repay indebtedness, and the anticipated results of our National Pump Company facility optimization efforts.
trade policy, including resulting tariffs; (16) environmental compliance costs and liabilities; (17) exposure to fluctuations in foreign currency exchange rates; (18) conditions in foreign countries in which The Gorman-Rupp Company conducts business; (19) changes in our tax rates and exposure to additional income tax liabilities; and (20) risks described from time to time in our reports filed with the Securities and Exchange Commission.
BU SINESS The Gorman-Rupp Company ( Registrant , Gorman-Rupp , the Company , we or our ) was incorporated in Ohio in 1934.
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REMOVED
On March 3, 2025, there were 26,227,540 common shares, without par value, of The Gorman-Rupp Company outstanding.
2 The Gorman-Rupp Company and Subsidiaries Annual Report on Form 10-K For the Year Ended December 31, 2024 PART I Page ITEM 1.
Form 10-K Summary 64 Signatures 65 * Included pursuant to the instructions to Item 401 of Regulation S-K.
Such uncertainties include, but are not limited to, our estimates of future earnings and cash flows, general economic conditions and supply chain conditions and any related impact on costs and availability of materials, retention of supplier and customer relationships and key employees, and the ability to service and repay indebtedness.
BUSINESS The Gorman-Rupp Company ( Registrant , Gorman-Rupp , the Company , we or our ) was incorporated in Ohio in 1934.
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