RCKYNasdaqFootwear, (No Rubber)Fiscal year ends December 31
ROCKY BRANDS, INC.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 4, 2026
$45.81+0.00 (0.00%)
Close on Oct 19, 2026
- Market cap
- $348.06M
- P/E (TTM)
- 12.0
- Dividend yield
- 1.35%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
40.9%+3.2 pts over 5 years
Operating margin
7.7%−2.1 pts over 5 years
Net margin
4.6%−2.9 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +6.2% | -7.8% | +11.7% | +6.0% | |
| Gross profit | +10.2% | -4.3% | +13.5% | +8.3% | |
| Operating income | +19.7% | -5.5% | +6.5% | +13.5% | |
| Net income | +95.6% | +2.9% | +1.2% | +12.9% | |
| EPS, diluted | +94.7% | +2.1% | +0.7% | +13.0% | |
| Free cash flow | -79.8% | -7.8% | -13.2% | -4.0% | |
| Dividend per share | 0.0% | 0.0% | +2.1% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -1.5% | 12.2% | 9.2% | |
| Return on assets | -1.1% | 9.6% | 4.8% | |
| Current ratio | 6.70 | 4.08 | 2.82 | |
| Debt to equity | 0.11 | 0.00 | 0.49 | |
| Net debt to EBITDA | 2.34× | -0.87× | 2.55× | |
| Interest coverage | -5.0× | 135.8× | 3.7× | |
| Inventory turnover | 2.5× | 2.2× | 1.6× | |
| Capex to revenue | 2.3% | 4.2% | 1.4% | |
| Diluted shares | 8M | 7M | 8M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Rocky Brands generated $216.64M from operations and spent $65.76M on capital expenditure, dividends and share buybacks. 65% of that went back into the business.
Generated
$216.64M
Used
$65.76M
Capital expenditure$42.91M65%Dividends$22.65M34%Share buybacks$201.00K0%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin4.6%
×Asset turnover1.03×
×Equity multiplier1.93×
=Return on equity, FY20259.2%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 4.6% | 1.03× | 1.93× | 9.2% |
| FY2024 | 2.5% | 0.97× | 2.06× | 5.0% |
| FY2023 | 2.3% | 0.87× | 2.42× | 4.7% |
| FY2022 | 3.3% | 1.02× | 2.92× | 9.9% |
| FY2021 | 4.0% | 1.20× | 2.26× | 10.9% |
| FY2020 | 7.6% | 1.28× | 1.26× | 12.2% |
| FY2019 | 6.5% | 1.38× | 1.23× | 11.0% |
| FY2018 | 5.8% | 1.41× | 1.22× | 9.9% |
| FY2017 | 3.8% | 1.44× | 1.28× | 6.9% |
| FY2016 | -0.8% | 1.40× | 1.34× | -1.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
7of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$22.27M
- Cash generatingOperating cash flow above zero$16.30M
- Return on assets improvedROA up on the prior year2.4% → 4.9%
- Earnings backed by cashOperating cash flow above net income$16.30M vs $22.27M
- Less leverageLong-term debt to assets fell26.3% → 23.9%
- Better liquidityCurrent ratio rose2.73 → 2.82
- No dilutionShare count did not rise7M → 8M
- Gross margin improvedGross margin up on the prior year39.45% → 40.93%
- More efficientAsset turnover rose0.95 → 1.05