NASDAQ : RCKY
Rocky Brands, Inc. — Financial statements
Consumer Discretionary · Footwear & Accessories · United States
Last price 49.5 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 372.49M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Rocky Brands, Inc. (RCKY) reported revenue of 521.30M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 521.30M | 481.98M | 453.77M | 461.83M | 615.48M | 514.23M |
| Cost of Revenue | 294.84M | 284.69M | 274.76M | 283.24M | 390.26M | 316.19M |
| Gross Profit | 226.46M | 197.29M | 179.01M | 178.60M | 225.22M | 198.04M |
| Selling, General & Admin | 175.38M | 160.10M | 147.94M | 136.14M | 181.18M | 146.66M |
| Operating Expenses | 175.38M | 160.10M | 147.94M | 143.23M | 181.18M | 146.66M |
| Operating Income | 51.08M | 37.19M | 31.07M | 35.37M | 44.04M | 51.37M |
| Interest Expense | -8.47M | -10.01M | -14.41M | -22.90M | -18.27M | -10.60M |
| Other Non Operating Income (Expenses) | 345.00K | |||||
| EBT Excluding Unusual Items | 42.61M | 27.18M | 16.66M | 12.81M | 25.77M | 40.77M |
| Merger & Restructuring Charges | -15.40M | |||||
| Gain (Loss) on Sale of Assets | 1.34M | |||||
| Other Unusual Items | -2.60M | |||||
| Pretax Income | 42.61M | 27.18M | 14.06M | 14.15M | 25.77M | 25.37M |
| Income Tax Expense | 8.11M | 4.91M | 2.67M | 3.73M | 5.30M | 4.81M |
| Net Income | 34.50M | 22.27M | 11.39M | 10.43M | 20.46M | 20.56M |
| Net Income to Common | 34.50M | 22.27M | 11.39M | 10.43M | 20.46M | 20.56M |
| Shares Outstanding (Basic) | 7.51M | 7.47M | 7.44M | 7.36M | 7.32M | 7.28M |
| Shares Outstanding (Diluted) | 7.61M | 7.53M | 7.48M | 7.38M | 7.37M | 7.41M |
| EPS (Basic) | 4.59 | 2.98 | 1.53 | 1.42 | 2.80 | 2.82 |
| EPS (Diluted) | 4.54 | 2.96 | 1.52 | 1.41 | 2.78 | 2.77 |
| Free Cash Flow | 9.72M | 48.10M | 69.66M | 12.42M | -75.93M | |
| Free Cash Flow Per Share | 1.29 | 6.43 | 9.44 | 1.69 | -10.25 | |
| Dividend Per Share | 0.65 | 0.62 | 0.62 | 0.62 | 0.62 | 0.59 |
| Gross Margin | 43.44% | 40.93% | 39.45% | 38.67% | 36.59% | 38.51% |
| Operating Margin | 9.80% | 7.72% | 6.85% | 7.66% | 7.16% | 9.99% |
| Profit Margin | 6.62% | 4.62% | 2.51% | 2.26% | 3.33% | 4.00% |
| Free Cash Flow Margin | 2.02% | 10.60% | 15.08% | 2.02% | -14.77% | |
| EBITDA | 60.85M | 47.03M | 41.32M | 46.31M | 56.36M | 62.71M |
| EBITDA Margin | 11.67% | 9.76% | 9.11% | 10.03% | 9.16% | 12.20% |
| D&A For EBITDA | 9.78M | 9.85M | 10.25M | 10.94M | 12.32M | 11.34M |
| EBIT | 51.08M | 37.19M | 31.07M | 35.37M | 44.04M | 51.37M |
| EBIT Margin | 9.80% | 7.72% | 6.85% | 7.66% | 7.16% | 9.99% |
| Effective Tax Rate | 19.02% | 18.05% | 19.00% | 26.34% | 20.58% | 18.96% |
| Advertising Expenses | 23.40M | 19.90M | 16.60M | 15.40M | 17.90M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 2.29M | 2.90M | 3.72M | 4.47M | 5.72M | 5.91M |
| Cash & Short-Term Investments | 2.29M | 2.90M | 3.72M | 4.47M | 5.72M | 5.91M |
| Accounts Receivable | 97.00M | 77.06M | 71.98M | 77.95M | 94.95M | 127.87M |
| Other Receivables | 11.20M | 6.00M | 1.03M | 3.19M | 908.00K | 4.54M |
| Receivables | 108.20M | 83.06M | 73.01M | 81.14M | 95.86M | 132.41M |
| Inventory | 189.67M | 181.13M | 166.70M | 169.20M | 235.40M | 232.46M |
| Prepaid Expenses | 5.09M | 3.62M | 3.01M | 3.36M | 4.07M | 4.51M |
| Total Current Assets | 305.26M | 270.72M | 246.44M | 258.17M | 341.05M | 375.29M |
| Property, Plant & Equipment | 59.50M | 54.10M | 55.70M | 59.78M | 68.37M | 71.42M |
| Goodwill | 47.84M | 47.84M | 47.84M | 47.84M | 50.25M | 50.64M |
| Other Intangible Assets | 100.94M | 103.03M | 105.82M | 112.62M | 121.78M | 126.31M |
| Other Long-Term Assets | 1.94M | 1.79M | 1.50M | 965.00K | 942.00K | 917.00K |
| Total Assets | 515.48M | 477.49M | 457.30M | 479.38M | 582.39M | 624.58M |
| Accounts Payable | 70.03M | 52.96M | 58.07M | 49.84M | 69.69M | 114.63M |
| Accrued Expenses | 34.51M | 20.61M | 10.03M | 14.74M | 19.11M | 18.21M |
| Current Portion of Long-Term Debt | 8.36M | 8.36M | 8.36M | 2.65M | 3.25M | 3.25M |
| Current Portion of Leases | 2.65M | 2.77M | 2.68M | 3.07M | 2.98M | |
| Current Income Taxes Payable | 562.00K | 1.17M | ||||
| Current Unearned Revenue | 927.00K | 1.06M | ||||
| Other Current Liabilities | 11.55M | 10.62M | 695.00K | |||
| Total Current Liabilities | 112.91M | 96.13M | 90.41M | 71.53M | 96.29M | 140.14M |
| Long-Term Debt | 107.67M | 114.28M | 120.38M | 170.48M | 253.65M | 266.79M |
| Long-Term Leases | 4.74M | 1.73M | 3.54M | 5.46M | 8.22M | 8.81M |
| Long-Term Deferred Tax Liabilities | 12.38M | 12.38M | 10.04M | 7.47M | 8.01M | 10.29M |
| Other Long-Term Liabilities | 907.00K | 879.00K | 712.00K | 885.00K | 755.00K | 688.00K |
| Total Liabilities | 238.60M | 225.40M | 225.08M | 255.83M | 366.92M | 426.72M |
| Common Stock | 71.97M | 69.75M | 68.06M | |||
| Additional Paid-In Capital | 76.61M | 76.09M | 73.87M | |||
| Retained Earnings | 200.26M | 176.00M | 158.36M | 151.58M | 145.72M | 129.79M |
| Shareholders' Equity | 276.88M | 252.09M | 232.22M | 223.56M | 215.47M | 197.85M |
| Total Liabilities & Equity | 515.48M | 477.49M | 457.30M | 479.38M | 582.39M | 624.58M |
| Total Debt | 120.76M | 127.02M | 135.05M | 181.27M | 268.18M | 281.84M |
| Net Cash (Debt) | -118.47M | -124.12M | -131.33M | -176.80M | -262.46M | -275.93M |
| Net Cash Per Share | -15.58 | -16.48 | -17.56 | -23.95 | -35.62 | -37.24 |
| Filing Date Shares Outstanding | 7.53M | 7.54M | 7.46M | 7.42M | 7.35M | 7.31M |
| Total Common Shares Outstanding | 7.53M | 7.51M | 7.45M | 7.41M | 7.34M | 7.30M |
| Working Capital | 192.35M | 174.58M | 156.03M | 186.64M | 244.75M | 235.15M |
| Book Value Per Share | 36.79 | 33.59 | 31.15 | 30.16 | 29.36 | 27.10 |
| Tangible Book Value | 128.09M | 101.21M | 78.56M | 63.09M | 43.45M | 20.90M |
| Tangible Book Value Per Share | 17.02 | 13.49 | 10.54 | 8.51 | 5.92 | 2.86 |
| Land | 2.18M | 972.00K | 972.00K | 972.00K | 972.00K | |
| Buildings | 37.86M | 37.66M | 37.58M | 37.60M | 36.46M | |
| Machinery | 65.96M | 63.50M | 63.15M | 62.96M | 59.85M | |
| Construction In Progress | 12.01M | 10.97M | 8.45M | 11.80M | 14.45M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 22.27M | 11.39M | 10.43M | 20.46M | 20.56M | |
| Depreciation & Amortization | 9.85M | 10.25M | 10.94M | 12.32M | 11.34M | |
| Other Amortization | 670.00K | 611.00K | 853.00K | 853.00K | 675.00K | |
| Loss (Gain) From Sale of Assets | -1.11M | -789.00K | 41.00K | |||
| Asset Writedown & Restructuring Costs | 4.00M | |||||
| Stock-Based Compensation | 1.62M | 1.29M | 1.24M | 1.23M | 1.26M | |
| Provision & Write-off of Bad Debts | 987.00K | 1.68M | 451.00K | 3.25M | 302.00K | |
| Other Operating Activities | 4.88M | 6.30M | -531.00K | -2.21M | 2.02M | |
| Change in Accounts Receivable | -9.98M | 3.50M | 17.22M | 29.28M | -38.14M | |
| Change in Inventory | -14.43M | 2.50M | 60.03M | -4.99M | -114.23M | |
| Change in Accounts Payable | -5.97M | 7.75M | -21.23M | -45.92M | 78.63M | |
| Change in Unearned Revenue | -927.00K | 927.00K | -1.06M | -4.52M | ||
| Change in Income Taxes | -1.61M | 1.65M | -2.42M | 5.39M | -5.31M | |
| Change in Other Net Operating Assets | 8.02M | 2.78M | -3.23M | 1.30M | -7.51M | |
| Operating Cash Flow | 16.30M | 52.76M | 73.58M | 19.12M | -54.88M | |
| Capital Expenditures | -6.58M | -4.66M | -3.92M | -6.70M | -21.05M | |
| Sale of Property, Plant & Equipment | 5.47M | |||||
| Cash Acquisitions | -212.41M | |||||
| Divestitures | 1.70M | 17.30M | ||||
| Other Investing Activities | 372.00K | |||||
| Investing Cash Flow | -6.20M | -2.96M | 13.38M | -1.23M | -233.46M | |
| Long-Term Debt Issued | 53.74M | 189.80M | 55.68M | 37.49M | 310.07M | |
| Long-Term Debt Repaid | -60.36M | -234.01M | -140.30M | -51.49M | -36.44M | |
| Net Debt Issued (Repaid) | -6.62M | -44.21M | -84.62M | -14.00M | 273.63M | |
| Issuance of Common Stock | 808.00K | 599.00K | 977.00K | 461.00K | 825.00K | |
| Repurchase of Common Stock | -201.00K | |||||
| Common Dividends Paid | -4.63M | -4.61M | -4.57M | -4.54M | -4.30M | |
| Other Financing Activities | -268.00K | -2.33M | -4.27M | |||
| Financing Cash Flow | -10.91M | -50.55M | -88.21M | -18.08M | 265.89M | |
| Net Cash Flow | -817.00K | -751.00K | -1.25M | -190.00K | -22.44M | |
| Free Cash Flow | 9.72M | 48.10M | 69.66M | 12.42M | -75.93M | |
| Free Cash Flow Margin | 2.02% | 10.60% | 15.08% | 2.02% | -14.77% | |
| Free Cash Flow Per Share | 1.29 | 6.43 | 9.44 | 1.69 | -10.25 | |
| Levered Free Cash Flow | 3.30M | 41.96M | 74.76M | 13.93M | -122.29M | |
| Unlevered Free Cash Flow | 8.88M | 50.36M | 88.22M | 24.49M | -116.34M | |
| Cash Interest Paid | 9.36M | 16.17M | 13.30M | 17.50M | 7.93M | |
| Cash Income Tax Paid | 4.21M | -1.90M | 6.66M | 1.93M | 8.64M | |
| Change in Working Capital | -23.98M | 17.24M | 51.30M | -16.00M | -91.08M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 386.04M | 219.79M | 169.95M | 222.66M | 173.05M | 290.55M |
| Enterprise Value | 504.51M | 357.70M | 323.53M | 438.03M | 457.93M | 518.37M |
| Last Close Price | 49.27 | 28.99 | 21.99 | 28.47 | 21.67 | 35.81 |
| PE Ratio | 11.30 | 9.87 | 14.93 | 21.36 | 8.46 | 14.13 |
| Forward PE | 12.09 | 11.85 | 7.59 | 11.39 | 6.53 | 8.98 |
| PS Ratio | 0.74 | 0.46 | 0.38 | 0.48 | 0.28 | 0.56 |
| PB Ratio | 1.34 | 0.87 | 0.73 | 1.00 | 0.80 | 1.47 |
| P/TBV Ratio | 3.03 | 2.17 | 2.16 | 3.53 | 3.98 | 13.90 |
| P/FCF Ratio | 23.58 | 22.61 | 3.53 | 3.20 | 13.93 | |
| P/OCF Ratio | 16.17 | 13.48 | 3.22 | 3.03 | 9.05 | |
| PEG Ratio | 0.56 | 0.56 | 0.56 | 0.56 | 0.56 | |
| EV/Sales Ratio | 0.97 | 0.74 | 0.71 | 0.95 | 0.74 | 1.01 |
| EV/EBITDA Ratio | 8.32 | 7.61 | 7.83 | 9.46 | 8.12 | 8.27 |
| EV/EBIT Ratio | 9.91 | 9.62 | 10.41 | 12.38 | 10.40 | 10.09 |
| EV/FCF Ratio | 30.78 | 36.79 | 6.73 | 6.29 | 36.87 | |
| Debt / Equity Ratio | 0.44 | 0.50 | 0.58 | 0.81 | 1.25 | 1.42 |
| Debt / EBITDA Ratio | 1.86 | 2.48 | 2.95 | 3.57 | 4.35 | 4.34 |
| Debt / FCF Ratio | 13.06 | 2.81 | 2.60 | 21.59 | ||
| Net Debt / Equity Ratio | 0.43 | 0.49 | 0.57 | 0.79 | 1.22 | 1.40 |
| Net Debt / EBITDA Ratio | 1.95 | 2.64 | 3.18 | 3.82 | 4.66 | 4.40 |
| Net Debt / FCF Ratio | 12.77 | 2.73 | 2.54 | 21.13 | -3.63 | |
| Asset Turnover | 1.03 | 1.03 | 0.97 | 0.87 | 1.02 | 1.21 |
| Inventory Turnover | 1.54 | 1.64 | 1.64 | 1.40 | 1.67 | 2.04 |
| Quick Ratio | 0.98 | 0.89 | 0.85 | 1.20 | 1.05 | 0.99 |
| Current Ratio | 2.70 | 2.82 | 2.73 | 3.61 | 3.54 | 2.68 |
| Return on Equity (ROE) | 13.19% | 9.20% | 5.00% | 4.75% | 9.90% | 10.90% |
| Return on Assets (ROA) | 6.33% | 4.97% | 4.15% | 4.16% | 4.56% | 7.52% |
| Return on Invested Capital (ROIC) | 10.52% | 8.24% | 6.59% | 5.93% | 7.35% | 13.29% |
| Return on Capital Employed (ROCE) | 12.70% | 9.80% | 8.50% | 8.70% | 9.10% | 10.60% |
| Earnings Yield | 8.85% | 10.13% | 6.70% | 4.68% | 11.83% | 7.08% |
| FCF Yield | 4.24% | 4.42% | 28.30% | 31.28% | 7.18% | -26.13% |
| Dividend Yield | 1.34% | 2.12% | 2.72% | 2.06% | 2.63% | 1.48% |
| Payout Ratio | 14.98% | 20.80% | 40.49% | 43.79% | 22.17% | 20.91% |
| Buyback Yield / Dilution | -1.35% | -0.67% | -1.34% | -0.16% | 0.54% | -0.98% |
| Total Shareholder Return | -0.01% | 1.45% | 1.38% | 1.90% | 3.17% | 0.50% |