Rocky Brands, Inc. (RCKY) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.35	$1.9	+442.9%	—	$118.4M	—
Q1 26	$0.27	$0.24	-11.1%	—	$124.4M	—
Q4 25	$0.49	$0.94	+91.8%	—	$139.7M	—
Q3 25	$0.9	$1.03	+14.4%	—	$122.5M	—
Q2 25	$0.25	$0.55	+120.0%	—	$105.6M	—
Q1 25	$0.52	$0.73	+40.4%	—	$114.1M	—
Q4 24	$1.22	$1.19	-2.5%	—	$128.1M	—
Q3 24	$0.99	$0.77	-22.2%	—	$114.6M	—
Q2 24	$0.1	$0.17	+70.0%	—	$98.3M	—
Q1 24	$0.08	$0.41	+412.5%	—	$112.9M	—
Q4 23	$1.02	$0.98	-3.9%	—	$126M	—
Q3 23	$0.56	$1.09	+94.6%	—	$125.6M	—
Q1 23	$0.05	-$0.12	-340.0%	—	$110.4M	—
Q4 22	$0.63	$1.08	+71.4%	—	$138.9M	—
Q3 22	$0.37	$0.74	+100.0%	—	$147.5M	—
Q2 22	$0.8	$0.34	-57.5%	—	$162M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$2.98	—	—	$482M	—
FY24	—	$1.53	—	—	$453.8M	—
FY23	—	$1.42	—	—	$461.8M	—
FY22	—	$2.8	—	—	$615.5M

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$260.3M	$253.2M	$252.7M	$270.4M	$277.3M	$514.2M	$615.5M	$461.8M	$453.8M	$482M
YoY change	-3.36%	-2.71%	-0.2%	+7.01%	+2.55%	+85.4%	+19.7%	-25%	-1.75%	+6.22%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	260.3M	253.2M	252.7M	270.4M	277.3M	514.2M	615.5M	461.8M	453.8M	482M
Cost of revenue	183.5M	172.4M	165.7M	172.7M	172.6M	319.7M	390.3M	283.2M	274.8M	284.7M
Gross profit	76.7M	80.8M	87M	97.7M	104.7M	194.5M	225.2M	178.6M	179M	197.3M
Gross margin	29.5%	31.9%	34.4%	36.1%	37.8%	37.8%	36.6%	38.7%	39.4%	40.9%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	75.6M	68.9M	—	—	—	—	—	—	—	—
Operating expenses	75.6M	68.9M	—	—	77.6M	158.6M	181.2M	143.2M	147.9M	160.1M
Operating income	1.1M	11.8M	18.1M	22.1M	27.2M	36M	44M	35.4M	31.1M	37.2M
Operating margin	0.42%	4.67%	7.15%	8.17%	9.8%	7%	7.16%	7.66%	6.85%	7.72%
Non-operating income, net	-4.1M	-2.5M	-162K	146K	-205K	-10.6M	—	—	—	—
Pretax income	-3.6M	9.4M	17.9M	22.2M	27M	25.4M	25.8M	14.2M	14.1M	27.2M
Income tax	-1.5M	-225K	3.3M	4.8M	6M	4.8M	5.3M	3.7M	2.7M	4.9M
Net income	-2.1M	9.6M	14.6M	17.5M	21M	20.6M	20.5M	10.4M	11.4M	22.3M
Net margin	-0.82%	3.79%	5.76%	6.46%	7.56%	4%	3.33%	2.26%	2.51%	4.62%
EBITDA	8.9M	18.3M	23.4M	27.1M	32.4M	47.3M	56.4M	46.4M	41.3M	47M
EPS	-0.29	1.29	1.96	2.36	2.87	2.82	2.8	1.42	1.53	2.98
Diluted EPS	-0.29	1.29	1.95	2.35	2.86	2.77	2.78	1.41	1.52	2.96

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	125.6M	126M	112.9M	98.3M	114.6M	128.1M	114.1M	105.6M	122.5M	139.7M	124.4M	118.4M
Cost of revenue	79.1M	75.2M	68.8M	60.2M	70.9M	74.9M	67.1M	62.4M	73.3M	82M	79M	57.6M
Gross profit	46.5M	50.7M	44.1M	38M	43.6M	53.2M	47M	43.3M	49.3M	57.7M	45.4M	60.8M
Gross margin	37%	40.3%	39.1%	38.7%	38.1%	41.5%	41.2%	41%	40.2%	41.3%	36.5%	51.4%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	—	—	—	—	—	—	—	—	—	—	—
Operating expenses	32.3M	36M	36.2M	33.5M	33.6M	44.7M	38.3M	36.1M	37.5M	48.1M	41.8M	41.1M
Operating income	14.3M	14.7M	8M	4.5M	10.1M	8.5M	8.7M	7.2M	11.7M	9.6M	3.6M	19.7M
Operating margin	11.4%	11.7%	7.07%	4.59%	8.79%	6.64%	7.63%	6.77%	9.58%	6.86%	2.92%	16.6%
Non-operating income, net	—	—	—	—	—	—	—	—	—	—	—	—
Pretax income	8.6M	9.5M	3.3M	-1.6M	6.9M	5.5M	6.3M	4.6M	9.2M	7M	1.6M	17.7M
Income tax	1.8M	2.7M	779K	-380K	1.6M	660K	1.4M	1M	2M	438K	342K	3.8M
Net income	6.8M	6.7M	2.5M	-1.2M	5.3M	4.8M	4.9M	3.6M	7.2M	6.5M	1.3M	13.9M
Net margin	5.43%	5.33%	2.26%	-1.27%	4.61%	3.75%	4.33%	3.42%	5.89%	4.66%	1.01%	11.7%
EBITDA	17M	17.5M	10.5M	7.1M	12.7M	11M	11.1M	9.6M	14.2M	12.1M	6.1M	22.1M
EPS	0.93	0.91	0.34	-0.17	0.71	0.64	0.66	0.48	0.96	0.87	0.17	1.85
Diluted EPS	0.93	0.91	0.34	-0.17	0.7	0.64	0.66	0.48	0.96	0.86	0.17	1.83

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	86.7M	140.4M	192.7M	217.4M	205M	289.9M	172.8M	222.2M	169.6M	219.2M	337.2M
Enterprise value	96.8M	138.9M	182.5M	203.6M	178.2M	562.8M	432.2M	396.3M	300.9M	343.3M	465.3M
Shares outstanding	7.5M	7.4M	7.4M	7.4M	7.3M	7.3M	7.3M	7.4M	7.4M	7.5M	7.5M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	14.6	13.2	12.4	9.78	14.1	8.45	21.3	14.9	9.84	11.8
P/S	0.33	0.55	0.76	0.8	0.74	0.56	0.28	0.48	0.37	0.45	0.67
P/B	0.64	1	1.27	1.32	1.14	1.47	0.8	0.99	0.73	0.87	1.28
EV/EBITDA	10.9	7.58	7.79	7.51	5.5	11.9	7.67	8.55	7.28	7.3	12.4
EV/Sales	0.37	0.55	0.72	0.75	0.64	1.09	0.7	0.86	0.66	0.71	0.92
Earnings yield	—	6.83%	7.55%	8.03%	10.2%	7.09%	11.8%	4.69%	6.72%	10.2%	8.45%
FCF yield	17.8%	9.12%	6.92%	4.77%	9.62%	-26.2%	7.19%	31.3%	28.4%	4.44%	-1.27%
PEG	—	—	—	—	—	—	—	—	—	—	0.04

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	29.5%	31.9%	34.4%	36.1%	37.8%	37.8%	36.6%	38.7%	39.4%	40.9%	51.4%
Operating margin	0.42%	4.67%	7.15%	8.17%	9.8%	7%	7.16%	7.66%	6.85%	7.72%	2.35%
Net margin	-0.82%	3.79%	5.76%	6.46%	7.56%	4%	3.33%	2.26%	2.51%	4.62%	5.72%
ROE	-1.58%	6.79%	9.6%	10.6%	11.7%	10.4%	9.5%	4.66%	4.9%	8.84%	11.5%
ROA	-1.2%	5.53%	7.88%	8.48%	9.15%	3.29%	3.51%	2.17%	2.49%	4.66%	3.61%
ROIC	0.76%	8.47%	10.4%	11.5%	13.8%	6.19%	7.37%	6.55%	6.92%	8.1%	9.29%
Return on tangible assets	-1.91%	8.49%	11.7%	12%	12.4%	7.6%	8.59%	6.58%	7.59%	12.7%	15.1%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	6.7	5.95	5.24	4.63	4.08	2.68	3.54	3.61	2.73	2.82	2.97
Quick ratio	2.8	2.67	2.33	2.2	2.14	1.02	1.1	1.24	0.88	0.93	1.12
Debt / equity	0.11	0.02	0	0.01	0.01	1.41	1.23	0.8	0.58	0.5	0.49
Debt / assets	0.08	0.01	0	0.01	0.01	0.45	0.46	0.37	0.3	0.27	0.27
Net debt / EBITDA	1.14	-0.08	-0.43	-0.51	-0.83	5.77	4.6	3.76	3.18	2.64	2.33
Interest coverage	-4.87	30.4	—	—	132.5	3.39	2.41	1.67	1.83	3.72	4.87
Effective tax rate	0%	0%	18.7%	21.5%	22.3%	19%	20.6%	26.3%	19%	18.1%	18.7%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	34.7	34.1	34.1	36.6	38	70.6	84.1	62.7	61	64.5	67.3
EPS (basic)	-0.29	1.29	1.96	2.36	2.87	2.82	2.8	1.42	1.53	2.98	2.98
EPS (diluted)	-0.29	1.29	1.95	2.35	2.86	2.77	2.78	1.41	1.52	2.96	3.81
Book value per share	18	19	20.4	22.3	24.6	27.2	29.4	30.4	31.2	33.7	35.2
FCF per share	2.05	1.72	1.8	1.4	2.7	-10.4	1.7	9.46	6.47	1.3	2.16
Cash per share	0.6	0.5	1.37	2.1	3.88	0.81	0.78	0.61	0.5	0.39	0.35
Capex per share	0.78	0.54	0.57	1.04	1.6	2.89	0.92	0.53	0.63	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	2.25%	1.57%	1.67%	2.85%	4.22%	4.09%	1.09%	0.85%	1.03%	—	—
Capex / operating cash flow	31.9%	28.4%	26.9%	70.7%	41.2%	-36.5%	41.4%	4.82%	11.4%	—	—
Payout ratio	-154.1%	34.1%	23.9%	22.8%	19.5%	20.9%	22.2%	43.8%	40.5%	20.8%	16.7%
Dividend yield	3.8%	2.33%	1.81%	1.83%	2%	1.48%	2.63%	2.05%	2.72%	2.11%	1.51%

Yield

1.51%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.17

ex-dividend Sep 1, 2026

Payout ratio

17%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 1, 2026	$0.17
Jun 1, 2026	$0.17
Mar 2, 2026	$0.155
Dec 1, 2025	$0.155
Sep 2, 2025	$0.155

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$125.6M	$126M	$112.9M	$98.3M	$114.6M	$128.1M	$114.1M	$105.6M	$122.5M	$139.7M	$124.4M	$118.4M
YoY change	-14.8%	-9.34%	+2.23%	-1.57%	-8.8%	+1.67%	+1.03%	+7.52%	+6.97%	+9.11%	+9.05%	+12%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	4.5M	3.7M	10.2M	15.5M	28.4M	5.9M	5.7M	4.5M	3.7M	2.9M
Receivables	40.8M	45M	43.3M	45.6M	48M	126.8M	95M	77M	72M	77.1M
Inventory	69.2M	65.6M	72.8M	76.7M	77.6M	232.5M	235.4M	169.2M	166.7M	181.1M
Total current assets	118.8M	119.2M	131.2M	146.1M	163.2M	375.3M	341M	258.2M	246.4M	270.7M
Property, plant & equipment	5.9M	3.6M	2.4M	8.4M	7.7M	35M	30.8M	22.2M	18M	16.2M
Goodwill & intangibles	66.8M	60.6M	60.5M	60.5M	60.4M	353.9M	344.1M	320.9M	307.3M	301.8M
Total assets	178.9M	173.5M	184.7M	205.8M	229.1M	624.6M	582.4M	479.4M	457.3M	477.5M
Accounts payable	11.6M	13M	13.5M	15.8M	20.1M	114.6M	69.7M	49.8M	58.1M	53M
Short-term debt	—	—	—	586K	629K	3.3M	3.3M	2.6M	11.1M	11M
Total current liabilities	17.7M	20M	25M	31.5M	40M	140.1M	96.3M	71.5M	90.4M	96.1M
Long-term debt	14.6M	2.2M	0	1.2M	944K	275.6M	261.9M	175.9M	123.9M	116M
Total liabilities	43.8M	32.4M	33.1M	41.2M	49.6M	426.7M	366.9M	255.8M	225.1M	225.4M
Shareholders' equity	135.1M	141.1M	151.6M	164.7M	179.5M	197.9M	215.5M	223.6M	232.2M	252.1M
Total debt	14.6M	2.2M	0	1.7M	1.6M	278.9M	265.1M	178.6M	135M	127M
Net debt	10.1M	-1.5M	-10.2M	-13.8M	-26.8M	272.9M	259.4M	174.1M	131.3M	124.1M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	4.2M	4.5M	3.1M	4.1M	3.7M	3.7M	2.6M	2.8M	3.3M	2.9M	1.7M	2.6M
Receivables	97.8M	77M	70.7M	63M	77.1M	72M	74.5M	66.4M	82.6M	77.1M	81.6M	76.9M
Inventory	194.7M	169.2M	165.1M	175M	171.8M	166.7M	175.5M	186.8M	193.6M	181.1M	172.6M	173.5M
Total current assets	309.4M	258.2M	247.3M	249.2M	258.1M	246.4M	258.7M	261.5M	285.3M	270.7M	266.8M	278.6M
Property, plant & equipment	61.1M	22.2M	58.4M	58.7M	57.1M	18M	55M	55.6M	55.4M	16.2M	58.4M	59.9M
Goodwill & intangibles	322.3M	320.9M	319.5M	318.1M	316.7M	307.3M	305.9M	304.5M	303.1M	301.8M	300.4M	299M
Total assets	532.7M	479.4M	466.5M	467.9M	475M	457.3M	468.2M	471M	494M	477.5M	477.2M	489.9M
Accounts payable	62.7M	49.8M	53.5M	57.8M	63.1M	58.1M	64.6M	61.5M	63.3M	53M	60.7M	58.7M
Short-term debt	2.7M	2.6M	2.6M	8.4M	11.1M	11.1M	11.2M	8.4M	8.4M	11M	11M	10.9M
Total current liabilities	89.7M	71.5M	74.7M	86.8M	92.4M	90.4M	98.1M	94.8M	104.2M	96.1M	91.9M	93.9M
Long-term debt	216.9M	175.9M	158.1M	149M	146.2M	123.9M	123.1M	126.3M	132.9M	116M	119.5M	119.1M
Total liabilities	316M	255.8M	241.2M	244.1M	246.8M	225.1M	232M	232M	247.9M	225.4M	224.6M	226.3M
Shareholders' equity	216.8M	223.6M	225.3M	223.8M	228.3M	232.2M	236.2M	239.1M	246.1M	252.1M	252.5M	263.6M
Total debt	219.6M	178.6M	160.8M	157.3M	157.3M	135M	134.3M	134.7M	141.2M	127M	130.5M	130M
Net debt	215.4M	174.1M	157.7M	153.2M	153.6M	131.3M	131.7M	131.9M	137.9M	124.1M	128.8M	127.4M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	-2.1M	9.6M	14.6M	17.5M	21M	20.6M	20.5M	10.4M	11.4M	22.3M
Depreciation & amortization	7.7M	6.5M	5.4M	5M	5.2M	11.3M	12.3M	11M	10.3M	9.8M
Stock-based compensation	359.4K	356K	588K	662K	780K	1.3M	1.2M	1.2M	1.3M	1.6M
Change in working capital	12.6M	1.2M	-5.5M	-12.6M	1.2M	-93.5M	-16.5M	58.4M	12.1M	-35.7M
Operating cash flow	18.4M	14M	15.7M	10.9M	28.4M	-57.6M	16.2M	81.3M	40.8M	16.3M
Capital expenditure	-5.9M	-4M	-4.2M	-7.7M	-11.7M	-21.1M	-6.7M	-3.9M	-4.7M	—
Investing cash flow	-5.9M	-1.6M	-4.2M	-7.7M	-11.7M	-233.5M	-1.2M	13.4M	-3M	372K
Dividends paid	-3.3M	-3.3M	-3.5M	-4M	-4.1M	-4.3M	-4.5M	-4.6M	-4.6M	-4.6M
Share repurchases	-2M	-688K	-1.3M	-1.5M	-2.9M	0	0	—	—	-201K
Financing cash flow	-23.5M	-28.7M	-9.2M	-5.5M	-27M	231.1M	-58.8M	-191.1M	-190.9M	-63.7M
Net change in cash	-11M	-16.3M	2.2M	-2.3M	-10.3M	-60M	-43.8M	-96.4M	-153M	-47M
Free cash flow	15.4M	12.8M	13.3M	10.4M	19.7M	-75.9M	12.4M	69.7M	48.1M	9.7M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	6.8M	6.7M	2.5M	-1.2M	5.3M	4.8M	4.9M	3.6M	7.2M	6.5M	1.3M	13.9M
Depreciation & amortization	2.7M	2.7M	2.5M	2.6M	2.7M	2.4M	2.4M	2.4M	2.5M	2.5M	2.5M	2.4M
Stock-based compensation	282K	322K	339K	312K	314K	329K	386K	400K	418K	413K	457K	453K
Change in working capital	2.8M	36.8M	10.8M	65K	-4.7M	5.9M	-8.1M	-6.9M	-19.9M	-789K	3.4M	-12.9M
Operating cash flow	12.8M	46.8M	17.1M	2.5M	4.4M	14.3M	479K	419K	-3.3M	17.6M	1.9M	7.8M
Capital expenditure	-1.2M	-987K	-272K	-1.9M	-1M	-1.5M	-701K	-3.2M	—	—	—	—
Investing cash flow	-1.2M	-987K	-272K	-158K	-1M	-1.5M	-701K	-3.2M	0	0	—	—
Dividends paid	-1.1M	-1.1M	-1.1M	-1.2M	-1.2M	-1.2M	-1.2M	-1.2M	-1.2M	-1.2M	-1.2M	-1.3M
Share repurchases	—	—	—	—	—	—	-201K	0	0	0	0	-2M
Financing cash flow	11.6M	-77.6M	-18.5M	-124.7M	-3.9M	-162.7M	-1.7M	2.6M	5.1M	-71.5M	-2M	-3.2M
Net change in cash	23.3M	-31.8M	-1.7M	-122.4M	-526K	-149.9M	-1.9M	-171K	1.8M	-53.9M	-93K	4.6M
Free cash flow	10.3M	41.5M	17.1M	4.6M	3.5M	22.9M	529K	-2.4M	-5.2M	16.7M	744K	4.1M

Rocky Brands, Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement