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Rocky Brands (RCKY) Financials

Rocky Brands logo
$40.26 0.00 (0.00%)
Closing price 07/2/2026 04:00 PM Eastern
Extended Trading
$40.41 +0.15 (+0.37%)
As of 07/2/2026 05:32 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Rocky Brands

Annual Income Statements for Rocky Brands

This table shows Rocky Brands' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 6.60 -2.14 9.59 15 17 21 21 20 10 11 22
Consolidated Net Income / (Loss)		 6.60 -2.14 9.59 15 17 21 21 20 10 11 22
Net Income / (Loss) Continuing Operations		 6.60 -2.14 9.59 15 17 21 21 20 10 11 22
Total Pre-Tax Income 		9.69 -3.62 9.36 18 22 27 25 26 14 14 27
Total Operating Income		 10 -3.06 12 18 22 27 36 44 35 31 37
Total Gross Profit		 89 77 81 87 98 105 195 225 179 179 197
Total Revenue		 269 260 253 253 270 277 514 615 462 454 482
Operating Revenue		 269 260 253 253 270 277 514 615 462 454 482
Total Cost of Revenue		 180 184 172 166 173 173 320 390 283 275 285
Operating Cost of Revenue		 180 184 172 166 173 173 320 390 283 275 285
Total Operating Expenses		 78 80 69 69 76 78 159 181 143 148 160
Other Operating Expenses / (Income)		 - - 69 69 76 78 159 181 143 148 160
Total Other Income / (Expense), net		 -0.80 -0.56 -2.47 -0.16 0.15 -0.21 -11 -18 -21 -17 -10
Other Income / (Expense), net		 -0.11 0.06 -2.47 -0.16 0.15 -0.21 -11 -18 -21 -17 -10
Income Tax Expense		 3.08 -1.48 -0.23 3.35 4.77 6.00 4.81 5.30 3.73 2.67 4.91
Basic Earnings per Share		 $0.87 ($0.29) $1.29 $1.96 $2.36 $2.87 $2.82 $2.80 $1.42 $1.53 $2.98
Weighted Average Basic Shares Outstanding		 7.56M 7.51M 7.43M 7.41M 7.39M 7.30M 7.28M 7.32M 7.36M 7.44M 7.47M
Diluted Earnings per Share		 $0.87 ($0.29) $1.29 $1.95 $2.35 $2.86 $2.77 $2.78 $1.41 $1.52 $2.96
Weighted Average Diluted Shares Outstanding		 7.57M 7.51M 7.45M 7.46M 7.44M 7.34M 7.41M 7.37M 7.38M 7.48M 7.53M
Weighted Average Basic & Diluted Shares Outstanding		 7.44M 7.44M 7.38M 7.38M 7.36M 7.25M 7.31M 7.35M 7.42M 7.46M 7.54M
Cash Dividends to Common per Share		 - - $0.11 $0.12 $0.54 $0.56 $0.59 $0.62 $0.62 $0.62 $0.62

Quarterly Income Statements for Rocky Brands

This table shows Rocky Brands' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 6.83 6.71 2.55 -1.24 5.28 4.80 4.94 3.61 7.21 6.51 1.26
Consolidated Net Income / (Loss)		 6.83 6.71 2.55 -1.24 5.28 4.80 4.94 3.61 7.21 6.51 1.26
Net Income / (Loss) Continuing Operations		 6.83 6.71 2.55 -1.24 5.28 4.80 4.94 3.61 7.21 6.51 1.26
Total Pre-Tax Income 		8.63 9.46 3.33 -1.62 6.89 5.46 6.35 4.64 9.24 6.95 1.60
Total Operating Income		 14 15 7.98 4.51 10 8.50 8.71 7.16 12 9.59 3.64
Total Gross Profit		 47 51 44 38 44 53 47 43 49 58 45
Total Revenue		 126 126 113 98 115 128 114 106 123 140 124
Operating Revenue		 126 126 113 98 115 128 114 106 123 140 124
Total Cost of Revenue		 79 75 69 60 71 75 67 62 73 82 79
Operating Cost of Revenue		 79 75 69 60 71 75 67 62 73 82 79
Total Operating Expenses		 32 36 36 34 34 45 38 36 38 48 42
Other Operating Expenses / (Income)		 32 36 36 34 34 45 38 36 38 48 42
Total Other Income / (Expense), net		 -5.65 -5.28 -4.65 -6.13 -3.18 -3.04 -2.36 -2.52 -2.49 -2.64 -2.03
Other Income / (Expense), net		 -5.65 -5.28 -4.65 -6.13 -3.18 -3.04 -2.36 -2.52 -2.49 -2.64 -2.03
Income Tax Expense		 1.80 2.75 0.78 -0.38 1.61 0.66 1.41 1.03 2.03 0.44 0.34
Basic Earnings per Share		 $0.93 $0.91 $0.34 ($0.17) $0.71 $0.65 $0.66 $0.48 $0.96 $0.88 $0.17
Weighted Average Basic Shares Outstanding		 7.37M 7.36M 7.42M 7.43M 7.45M 7.44M 7.46M 7.46M 7.48M 7.47M 7.54M
Diluted Earnings per Share		 $0.93 $0.90 $0.34 ($0.17) $0.70 $0.65 $0.66 $0.48 $0.96 $0.86 $0.17
Weighted Average Diluted Shares Outstanding		 7.38M 7.38M 7.45M 7.43M 7.50M 7.48M 7.49M 7.49M 7.54M 7.53M 7.62M
Weighted Average Basic & Diluted Shares Outstanding		 7.38M 7.42M 7.42M 7.45M 7.45M 7.46M 7.46M 7.47M 7.49M 7.54M 7.54M
Cash Dividends to Common per Share		 $0.16 - $0.16 $0.16 $0.16 - $0.16 $0.16 $0.16 - $0.16

Annual Cash Flow Statements for Rocky Brands

This table details how cash moves in and out of Rocky Brands' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -1.21 1.07 -0.80 6.49 5.35 13 -22 -0.19 -1.25 -0.75 -0.82
Net Cash From Operating Activities		 23 21 17 18 18 31 -55 19 74 53 16
Net Cash From Continuing Operating Activities		 23 21 17 18 18 31 -55 19 74 53 16
Net Income / (Loss) Continuing Operations		 6.60 -2.14 9.59 15 17 21 21 20 10 11 22
Consolidated Net Income / (Loss)		 6.60 -2.14 9.59 15 17 21 21 20 10 11 22
Depreciation Expense		 7.19 7.72 6.51 5.38 5.04 5.24 11 12 11 10 9.85
Amortization Expense		 - - - - - 0.00 0.68 0.85 0.85 0.61 0.67
Non-Cash Adjustments To Reconcile Net Income		 0.43 3.89 2.57 0.70 0.77 0.84 1.20 4.76 0.59 9.01 5.15
Changes in Operating Assets and Liabilities, net		 9.02 12 -1.55 -2.19 -5.18 4.40 -89 -19 51 22 -22
Net Cash From Investing Activities		 -8.64 -5.86 -1.58 -4.22 -7.70 -12 -233 -1.23 13 -2.96 -6.20
Net Cash From Continuing Investing Activities		 -8.64 -5.86 -1.58 -4.22 -7.70 -12 -233 -1.23 13 -2.96 -6.20
Purchase of Property, Plant & Equipment		 -8.65 -5.91 -4.31 -4.24 -7.72 -12 -21 -6.70 -3.92 -4.66 -6.58
Divestitures		 - - 2.40 - - - 0.00 0.00 17 1.70 0.00
Other Investing Activities, net		 - - - - - - - - - 0.00 0.37
Net Cash From Financing Activities		 -16 -14 -16 -6.86 -5.04 -6.90 266 -18 -88 -51 -11
Net Cash From Continuing Financing Activities		 -16 -14 -16 -6.86 -5.04 -6.90 266 -18 -88 -51 -11
Repayment of Debt		 -81 -80 -74 -9.97 0.00 -20 -41 -51 -140 -236 -61
Repurchase of Common Equity		 - -1.95 -0.69 -1.31 -1.50 -2.94 - - - 0.00 -0.20
Payment of Dividends		 -3.25 -3.30 -3.27 -3.48 -3.99 -4.09 -4.30 -4.54 -4.57 -4.61 -4.63
Issuance of Debt		 68 71 62 7.77 0.00 20 310 37 56 190 54
Other Financing Activities, net		 0.01 - 0.01 0.14 0.44 0.14 0.83 0.46 0.98 0.60 0.81

Quarterly Cash Flow Statements for Rocky Brands

This table details how cash moves in and out of Rocky Brands' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 1.16 0.23 -1.41 1.05 -0.40 0.01 -1.16 0.22 0.54 -0.42 -1.24
Net Cash From Operating Activities		 11 42 17 6.47 4.50 24 1.23 0.81 -3.33 18 1.89
Net Cash From Continuing Operating Activities		 11 42 17 6.47 4.50 24 1.23 0.81 -3.33 18 1.89
Net Income / (Loss) Continuing Operations		 6.83 6.71 2.55 -1.24 5.28 4.80 4.94 3.61 7.21 6.51 1.26
Consolidated Net Income / (Loss)		 6.83 6.71 2.55 -1.24 5.28 4.80 4.94 3.61 7.21 6.51 1.26
Depreciation Expense		 2.72 2.69 2.51 2.62 2.68 2.45 2.38 2.44 2.50 2.52 2.48
Amortization Expense		 0.21 0.21 0.21 0.09 0.15 0.16 0.16 0.17 0.17 0.17 0.18
Non-Cash Adjustments To Reconcile Net Income		 0.40 3.33 2.36 2.34 -0.51 7.44 1.30 1.28 1.24 1.32 1.54
Changes in Operating Assets and Liabilities, net		 1.31 30 9.77 2.67 -3.10 9.55 -7.56 -6.69 -14 7.06 -3.57
Net Cash From Investing Activities		 -1.19 -0.99 -0.27 -0.16 -1.04 -1.49 -0.70 -3.17 -1.84 -0.50 -1.14
Net Cash From Continuing Investing Activities		 -1.19 -0.99 -0.27 -0.16 -1.04 -1.49 -0.70 -3.17 -1.84 -0.50 -1.14
Purchase of Property, Plant & Equipment		 -1.19 -0.99 -0.28 -1.85 -1.04 -1.49 -0.70 -3.17 -1.84 -0.87 -1.14
Net Cash From Financing Activities		 -9.13 -41 -19 -5.27 -3.86 -23 -1.69 2.58 5.71 -18 -1.98
Net Cash From Continuing Financing Activities		 -9.13 -41 -19 -5.27 -3.86 -23 -1.69 2.58 5.71 -18 -1.98
Repayment of Debt		 -32 -46 -19 -174 -10 -33 -8.69 -12 -9.17 -31 -13
Repurchase of Common Equity		 - - 0.00 - - - -0.20 - - - 0.00
Payment of Dividends		 -1.14 -1.14 -1.15 -1.15 -1.16 -1.16 -1.16 -1.16 -1.16 -1.16 -1.17
Issuance of Debt		 24 5.19 1.75 169 7.50 11 8.34 15 15 15 12
Other Financing Activities, net		 0.08 0.89 0.00 0.60 - - 0.02 - 0.56 0.23 -0.09

Annual Balance Sheets for Rocky Brands

This table presents Rocky Brands' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 194 179 173 185 206 229 625 582 479 457 477
Total Current Assets		 129 119 119 131 146 163 375 341 258 246 271
Cash & Equivalents		 3.41 4.48 3.68 10 16 28 5.91 5.72 4.47 3.72 2.90
Accounts Receivable		 45 42 46 46 46 48 127 96 79 73 82
Inventories, net		 77 69 66 73 77 78 232 235 169 167 181
Prepaid Expenses		 2.53 2.35 2.20 1.89 3.03 3.71 4.51 4.07 3.36 3.01 3.62
Current Deferred & Refundable Income Taxes		 1.16 1.24 1.85 0.03 0.15 0.00 4.29 0.00 1.25 0.00 1.05
Plant, Property, & Equipment, net		 28 27 24 23 27 34 60 57 52 50 50
Total Noncurrent Assets		 37 34 31 30 32 32 189 184 169 161 157
Goodwill		 - - - - - - 51 50 48 48 48
Intangible Assets		 37 33 30 30 30 30 126 122 113 106 103
Other Noncurrent Operating Assets		 0.26 0.23 0.20 0.15 2.04 1.95 12 12 8.77 7.53 5.97
Total Liabilities & Shareholders' Equity		 194 179 173 185 206 229 625 582 479 457 477
Total Liabilities		 52 44 32 33 41 50 427 367 256 225 225
Total Current Liabilities		 15 18 20 25 32 40 140 96 72 90 96
Short-Term Debt		 - - - - - 0.00 3.25 3.25 2.65 8.36 8.36
Accounts Payable		 9.12 12 13 14 16 20 115 70 50 58 53
Accrued Expenses		 4.28 3.89 4.23 4.42 1.70 7.94 15 17 18 24 35
Total Noncurrent Liabilities		 37 26 12 8.07 9.47 9.60 287 271 184 135 129
Long-Term Debt		 24 15 2.20 - - 0.00 267 254 170 120 114
Capital Lease Obligations		 - - - - - 0.94 8.81 8.22 5.46 3.54 1.73
Noncurrent Deferred & Payable Income Tax Liabilities		 13 11 7.73 7.78 8.11 8.27 10 8.01 7.48 10 12
Other Noncurrent Operating Liabilities		 0.30 0.18 2.44 0.29 1.36 0.39 0.69 0.76 0.89 0.71 0.88
Total Equity & Noncontrolling Interests		 142 135 141 152 165 180 198 215 224 232 252
Total Preferred & Common Equity		 142 135 141 152 165 180 198 215 224 232 252
Total Common Equity		 142 135 141 152 165 180 198 215 224 232 252
Common Stock		 71 69 69 68 68 66 68 70 72 74 76
Retained Earnings		 71 66 72 83 97 114 130 146 152 158 176

Quarterly Balance Sheets for Rocky Brands

This table presents Rocky Brands' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 533 467 468 475 468 471 494 477
Total Current Assets		 309 247 249 258 259 261 285 267
Cash & Equivalents		 4.24 3.06 4.11 3.71 2.56 2.78 3.32 1.67
Accounts Receivable		 100 73 63 77 75 67 83 85
Inventories, net		 195 165 175 172 176 187 194 173
Prepaid Expenses		 4.99 6.04 5.66 5.21 5.90 5.35 5.66 6.39
Current Deferred & Refundable Income Taxes		 2.45 0.54 1.03 - 0.00 0.00 - 1.16
Plant, Property, & Equipment, net		 53 51 51 50 50 51 51 50
Total Noncurrent Assets		 170 168 167 167 160 159 158 160
Goodwill		 48 48 48 48 48 48 48 48
Intangible Assets		 113 112 111 111 105 104 104 102
Other Noncurrent Operating Assets		 9.00 8.12 8.36 8.21 6.99 6.37 6.66 10
Total Liabilities & Shareholders' Equity		 533 467 468 475 468 471 494 477
Total Liabilities		 316 241 244 247 232 232 248 225
Total Current Liabilities		 90 75 87 92 98 95 104 92
Short-Term Debt		 2.70 2.65 8.36 8.36 8.36 8.36 8.36 8.36
Accounts Payable		 63 53 58 63 65 61 63 61
Accrued Expenses		 21 19 21 21 25 25 32 23
Total Noncurrent Liabilities		 226 166 157 154 134 137 144 133
Long-Term Debt		 211 153 144 142 120 124 131 114
Capital Lease Obligations		 5.72 4.80 4.91 4.23 2.86 2.16 2.18 5.72
Noncurrent Deferred & Payable Income Tax Liabilities		 8.01 7.48 7.48 7.48 10 10 10 12
Other Noncurrent Operating Liabilities		 1.35 0.91 0.75 0.78 0.77 0.81 0.85 0.83
Total Equity & Noncontrolling Interests		 217 225 224 228 236 239 246 253
Total Preferred & Common Equity		 217 225 224 228 236 239 246 253
Total Common Equity		 217 225 224 228 236 239 246 253
Common Stock		 71 72 73 74 74 74 75 76
Retained Earnings		 146 153 151 155 162 165 171 176

Annual Metrics And Ratios for Rocky Brands

This table displays calculated financial ratios and metrics derived from Rocky Brands' official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 0.00 0.00 7,394,478.00 7,381,760.00 7,374,969.00 7,242,431.00 7,300,199.00 7,326,411.00 7,377,829.00 - 7,493,687.00
DEI Adjusted Shares Outstanding		 0.00 0.00 7,394,478.00 7,381,760.00 7,374,969.00 7,242,431.00 7,300,199.00 7,326,411.00 7,377,829.00 - 7,493,687.00
DEI Earnings Per Adjusted Shares Outstanding		 0.00 0.00 1.30 1.97 2.37 2.89 2.82 2.79 1.41 - 2.97
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -5.92% -3.36% -2.71% -0.20% 7.01% 2.55% 85.43% 19.69% -24.96% -1.75% 6.22%
EBITDA Growth		 -22.34% -73.15% 236.26% 46.67% 17.16% 18.11% 16.09% 4.16% -33.37% -3.95% 51.26%
EBIT Growth		 -33.79% -128.91% 411.84% 91.21% 24.20% 21.29% -5.92% 1.57% -45.07% -0.68% 93.34%
NOPAT Growth		 -32.08% -129.97% 665.20% 21.26% 18.13% 21.77% 38.01% 19.98% -25.50% -3.42% 21.11%
Net Income Growth		 -74.21% -132.40% 548.07% 51.82% 19.99% 20.06% -1.93% -0.46% -49.05% 9.22% 95.61%
EPS Growth		 -33.08% -133.33% 544.83% 51.16% 20.51% 21.70% -3.15% 0.36% -49.28% 7.80% 94.74%
Operating Cash Flow Growth		 79.06% -8.36% -19.68% 2.71% 2.95% 73.82% -274.53% 134.85% 284.75% -28.29% -69.11%
Free Cash Flow Firm Growth		 149.29% 2.28% 17.39% -27.14% -67.87% 470.40% -1,334.21% 110.36% 251.00% -41.49% -71.48%
Invested Capital Growth		 -4.46% -10.60% -3.85% 1.28% 9.34% -1.62% 210.94% 1.01% -16.75% -9.28% 3.54%
Revenue Q/Q Growth		 -4.82% 0.65% 0.02% 0.08% 3.11% 4.63% 18.93% -4.73% -2.73% 0.47% 2.48%
EBITDA Q/Q Growth		 -22.28% -38.56% 16.11% 15.70% 6.96% 24.46% 12.13% -14.78% 3.29% -14.71% 4.37%
EBIT Q/Q Growth		 -32.47% -3,038.55% 40.05% 22.94% 8.84% 29.64% 9.29% -21.85% 13.65% -22.15% 5.80%
NOPAT Q/Q Growth		 -30.62% -11,027.20% 149.51% -17.67% 9.30% 28.61% 24.40% -10.49% -7.39% -8.38% 5.47%
Net Income Q/Q Growth		 -73.31% -165.83% 110.42% -5.14% 9.24% 28.41% 15.92% -22.76% 1.93% -14.37% 8.33%
EPS Q/Q Growth		 -31.50% -1,350.00% 111.48% -4.88% 9.81% 28.25% 14.94% -22.13% 0.00% -14.12% 7.64%
Operating Cash Flow Q/Q Growth		 55.45% -21.97% -33.20% -7.43% 31.67% 0.47% -262.38% 153.54% 23.48% -25.49% -29.46%
Free Cash Flow Firm Q/Q Growth		 69.12% -19.53% -18.59% -24.17% -49.27% 20.90% -21.37% 173.03% 14.64% -22.94% -26.12%
Invested Capital Q/Q Growth		 -11.01% -11.35% -4.97% -4.29% -0.54% -0.15% 13.67% -3.79% -7.98% -4.82% -2.72%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 33.01% 29.48% 31.90% 34.44% 36.13% 37.77% 37.83% 36.59% 38.67% 39.45% 40.93%
EBITDA Margin		 6.53% 1.81% 6.27% 9.21% 10.08% 11.61% 7.27% 6.33% 5.62% 5.49% 7.82%
Operating Margin		 3.90% -1.18% 4.67% 7.15% 8.17% 9.80% 7.00% 7.16% 7.66% 6.85% 7.72%
EBIT Margin		 3.86% -1.15% 3.70% 7.08% 8.22% 9.72% 4.93% 4.19% 3.06% 3.10% 5.64%
Profit (Net Income) Margin		 2.45% -0.82% 3.79% 5.76% 6.46% 7.56% 4.00% 3.33% 2.26% 2.51% 4.62%
Tax Burden Percent		 68.16% 59.12% 102.40% 81.31% 78.55% 77.75% 81.04% 79.42% 73.66% 81.00% 81.95%
Interest Burden Percent		 93.29% 120.54% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 31.84% 0.00% -2.40% 18.69% 21.45% 22.25% 18.96% 20.58% 26.34% 19.00% 18.05%
Return on Invested Capital (ROIC)		 4.30% -1.39% 8.50% 10.45% 11.72% 13.77% 9.33% 7.36% 5.95% 6.64% 8.30%
ROIC Less NNEP Spread (ROIC-NNEP)		 2.20% -1.37% -50.05% 12.71% 10.59% 14.63% 2.39% 1.96% -1.21% -2.47% 1.74%
Return on Net Nonoperating Assets (RNNOA)		 0.41% -0.15% -1.56% -0.51% -0.68% -1.59% 1.57% 2.54% -1.20% -1.64% 0.90%
Return on Equity (ROE)		 4.71% -1.54% 6.94% 9.95% 11.04% 12.18% 10.90% 9.90% 4.75% 5.00% 9.20%
Cash Return on Invested Capital (CROIC)		 8.87% 9.80% 12.43% 9.18% 2.80% 15.41% -93.33% 6.36% 24.23% 16.37% 4.82%
Operating Return on Assets (OROA)		 5.10% -1.61% 5.31% 10.00% 11.39% 12.40% 5.94% 4.27% 2.67% 3.00% 5.82%
Return on Assets (ROA)		 3.24% -1.15% 5.44% 8.13% 8.94% 9.64% 4.82% 3.39% 1.96% 2.43% 4.77%
Return on Common Equity (ROCE)		 4.71% -1.54% 6.94% 9.95% 11.04% 12.18% 10.90% 9.90% 4.75% 5.00% 9.20%
Return on Equity Simple (ROE_SIMPLE)		 4.65% -1.58% 6.79% 9.60% 10.61% 11.68% 10.39% 9.50% 4.66% 4.90% 0.00%
Net Operating Profit after Tax (NOPAT)		 7.15 -2.14 12 15 17 21 29 35 26 25 30
NOPAT Margin		 2.66% -0.82% 4.78% 5.81% 6.42% 7.62% 5.67% 5.68% 5.64% 5.55% 6.32%
Net Nonoperating Expense Percent (NNEP)		 2.11% -0.02% 58.56% -2.26% 1.13% -0.85% 6.94% 5.40% 7.16% 9.10% 6.56%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 7.28% 6.48% 6.90% 8.10%
Cost of Revenue to Revenue		 66.99% 70.52% 68.10% 65.56% 63.88% 62.23% 62.17% 63.41% 61.33% 60.55% 59.07%
SG&A Expenses to Revenue		 29.11% 29.06% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 29.11% 30.66% 27.23% 27.29% 27.96% 27.97% 30.84% 29.44% 31.01% 32.60% 33.22%
Earnings before Interest and Taxes (EBIT)		 10 -3.00 9.36 18 22 27 25 26 14 14 27
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 18 4.72 16 23 27 32 37 39 26 25 38
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.87 1.14 1.20 1.06 1.39 0.76 0.97 0.73 0.87
Price to Tangible Book Value (P/TBV)		 0.00 0.00 1.11 1.42 1.47 1.27 13.13 3.76 3.43 2.15 2.16
Price to Revenue (P/Rev)		 0.00 0.00 0.48 0.68 0.73 0.68 0.53 0.27 0.47 0.37 0.45
Price to Earnings (P/E)		 0.00 0.00 12.78 11.84 11.32 9.04 13.34 7.98 20.73 14.81 9.83
Dividend Yield		 4.56% 4.49% 2.66% 2.02% 2.01% 2.14% 1.57% 2.78% 2.12% 2.74% 2.12%
Earnings Yield		 0.00% 0.00% 7.83% 8.44% 8.83% 11.07% 7.49% 12.52% 4.82% 6.75% 10.17%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.87 1.15 1.18 1.07 1.16 0.89 0.98 0.82 0.91
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.48 0.64 0.67 0.58 1.06 0.69 0.85 0.66 0.71
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 7.63 6.97 6.68 5.03 14.64 10.86 15.04 11.93 9.03
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 12.93 9.06 8.19 6.01 21.57 16.41 27.57 21.14 12.53
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 9.99 11.04 10.50 7.67 18.77 12.09 14.98 11.81 11.17
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 7.07 9.23 10.07 5.15 0.00 22.11 5.30 5.63 20.89
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 6.84 12.58 43.96 6.86 0.00 13.99 3.68 4.79 19.24
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.17 0.11 0.02 0.00 0.00 0.01 1.41 1.23 0.80 0.57 0.49
Long-Term Debt to Equity		 0.17 0.11 0.02 0.00 0.00 0.01 1.39 1.22 0.79 0.53 0.46
Financial Leverage		 0.19 0.11 0.03 -0.04 -0.06 -0.11 0.66 1.30 0.99 0.66 0.52
Leverage Ratio		 1.45 1.34 1.28 1.22 1.23 1.26 2.26 2.92 2.42 2.06 1.93
Compound Leverage Factor		 1.35 1.62 1.28 1.22 1.23 1.26 2.26 2.92 2.42 2.06 1.93
Debt to Total Capital		 14.29% 9.74% 1.53% 0.00% 0.00% 0.52% 58.50% 55.16% 44.41% 36.29% 33.04%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.68% 0.68% 0.66% 2.29% 2.22%
Long-Term Debt to Total Capital		 14.29% 9.74% 1.53% 0.00% 0.00% 0.52% 57.81% 54.49% 43.75% 34.00% 30.82%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 85.71% 90.26% 98.47% 100.00% 100.00% 99.48% 41.50% 44.84% 55.59% 63.71% 66.96%
Debt to EBITDA		 1.35 3.09 0.14 0.00 0.00 0.03 7.46 6.81 6.88 5.31 3.30
Net Debt to EBITDA		 1.15 2.14 -0.09 0.00 0.00 -0.85 7.30 6.66 6.71 5.16 3.22
Long-Term Debt to EBITDA		 1.35 3.09 0.14 0.00 0.00 0.03 7.37 6.72 6.78 4.97 3.08
Debt to NOPAT		 3.31 -6.81 0.18 0.00 0.00 0.04 9.57 7.58 6.85 5.26 4.08
Net Debt to NOPAT		 2.84 -4.72 -0.12 0.00 0.00 -1.30 9.36 7.42 6.68 5.11 3.99
Long-Term Debt to NOPAT		 3.31 -6.81 0.18 0.00 0.00 0.04 9.45 7.49 6.75 4.92 3.81
Altman Z-Score		 0.00 0.00 5.18 6.13 5.88 5.23 2.09 2.32 2.48 2.44 2.74
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 8.76 6.70 5.95 5.24 4.63 4.08 2.68 3.54 3.61 2.73 2.82
Quick Ratio		 3.29 2.60 2.47 2.26 1.95 1.92 0.95 1.05 1.17 0.85 0.88
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 15 15 18 13 4.14 24 -292 30 106 62 18
Operating Cash Flow to CapEx		 269.10% 363.35% 430.04% 416.45% 234.91% 268.47% -260.63% 1,549.68% 1,877.90% 1,131.55% 247.86%
Free Cash Flow to Firm to Interest Expense		 21.15 24.45 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 33.35 34.54 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 20.96 25.04 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.32 1.40 1.44 1.41 1.39 1.28 1.20 1.02 0.87 0.97 1.03
Accounts Receivable Turnover		 5.31 6.01 5.80 5.49 5.86 5.88 5.86 5.52 5.28 5.97 6.22
Inventory Turnover		 2.22 2.51 2.56 2.39 2.31 2.24 2.06 1.67 1.40 1.64 1.64
Fixed Asset Turnover		 9.96 9.58 10.07 10.79 10.71 9.07 10.97 10.49 8.45 8.93 9.68
Accounts Payable Turnover		 14.89 17.73 14.03 12.49 11.78 9.62 4.75 4.23 4.74 5.09 5.13
Days Sales Outstanding (DSO)		 68.73 60.77 62.97 66.52 62.24 62.08 62.26 66.10 69.08 61.12 58.70
Days Inventory Outstanding (DIO)		 164.11 145.34 142.66 152.51 158.02 163.18 176.99 218.79 260.70 223.11 222.98
Days Payable Outstanding (DPO)		 24.52 20.59 26.01 29.22 30.98 37.93 76.91 86.19 77.02 71.67 71.17
Cash Conversion Cycle (CCC)		 208.32 185.52 179.63 189.81 189.28 187.33 162.34 198.70 252.77 212.56 210.51
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 162 145 140 141 155 152 473 478 398 361 374
Invested Capital Turnover		 1.62 1.69 1.78 1.80 1.83 1.81 1.65 1.29 1.06 1.20 1.31
Increase / (Decrease) in Invested Capital		 -7.59 -17 -5.59 1.79 13 -2.51 321 4.76 -80 -37 13
Enterprise Value (EV)		 0.00 0.00 121 162 182 162 547 423 390 297 341
Market Capitalization		 0.00 0.00 122 172 198 189 274 163 216 169 219
Book Value per Share		 $18.79 $18.00 $19.08 $20.42 $22.33 $24.79 $27.10 $29.41 $30.30 $31.16 $33.64
Tangible Book Value per Share		 $13.96 $13.55 $14.98 $16.35 $18.23 $20.61 $2.86 $5.93 $8.55 $10.54 $13.51
Total Capital		 166 150 143 152 165 180 477 481 402 364 376
Total Debt		 24 15 2.20 0.00 0.00 0.94 279 265 179 132 124
Total Long-Term Debt		 24 15 2.20 0.00 0.00 0.94 276 262 176 124 116
Net Debt		 20 10 -1.48 -10 -16 -27 273 259 174 129 121
Capital Expenditures (CapEx)		 8.64 5.86 3.98 4.22 7.70 12 21 1.23 3.92 4.66 6.58
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 111 97 95 96 99 95 232 242 185 161 180
Debt-free Net Working Capital (DFNWC)		 114 101 99 106 115 123 238 248 189 164 183
Net Working Capital (NWC)		 114 101 99 106 115 123 235 245 187 156 175
Net Nonoperating Expense (NNE)		 0.55 -0.00 2.52 0.13 -0.11 0.16 8.59 15 16 14 8.20
Net Nonoperating Obligations (NNO)		 20 10 -1.48 -10 -10 -27 275 262 174 129 121
Total Depreciation and Amortization (D&A)		 7.19 7.72 6.51 5.38 5.04 5.24 12 13 12 11 11
Debt-free, Cash-free Net Working Capital to Revenue		 41.24% 37.11% 37.71% 37.99% 36.64% 34.20% 45.21% 39.37% 40.02% 35.41% 37.36%
Debt-free Net Working Capital to Revenue		 42.51% 38.83% 39.16% 42.01% 42.38% 44.43% 46.36% 40.29% 40.99% 36.23% 37.96%
Net Working Capital to Revenue		 42.51% 38.83% 39.16% 42.01% 42.38% 44.43% 45.73% 39.77% 40.41% 34.39% 36.22%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.87 ($0.29) $1.29 $1.96 $2.36 $2.87 $2.82 $2.80 $1.42 $1.53 $2.98
Adjusted Weighted Average Basic Shares Outstanding		 7.56M 7.51M 7.43M 7.41M 7.39M 7.30M 7.28M 7.32M 7.36M 7.44M 7.47M
Adjusted Diluted Earnings per Share		 $0.87 ($0.29) $1.29 $1.95 $2.35 $2.86 $2.77 $2.78 $1.41 $1.52 $2.96
Adjusted Weighted Average Diluted Shares Outstanding		 7.57M 7.51M 7.45M 7.46M 7.44M 7.34M 7.41M 7.37M 7.38M 7.48M 7.53M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 7.58M 7.44M 7.41M 7.38M 7.36M 7.25M 7.31M 7.35M 7.42M 7.46M 7.54M
Normalized Net Operating Profit after Tax (NOPAT)		 7.15 0.77 8.28 15 17 21 29 35 26 25 30
Normalized NOPAT Margin		 2.66% 0.30% 3.27% 5.81% 6.42% 7.62% 5.67% 5.68% 5.64% 5.55% 6.32%
Pre Tax Income Margin		 3.60% -1.39% 3.70% 7.08% 8.22% 9.72% 4.93% 4.19% 3.06% 3.10% 5.64%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 14.90 -4.87 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 10.26 -3.48 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 2.51 -14.38 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 -2.13 -12.98 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 49.25% -154.11% 34.10% 23.94% 22.83% 19.52% 20.91% 22.17% 43.78% 40.49% 20.80%
Augmented Payout Ratio		 49.25% -245.26% 41.28% 32.94% 31.42% 33.54% 20.91% 22.17% 43.78% 40.49% 21.71%

Quarterly Metrics And Ratios for Rocky Brands

This table displays calculated financial ratios and metrics derived from Rocky Brands' official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 7,366,201.00 7,377,829.00 7,417,546.00 7,423,181.00 7,449,020.00 - 7,462,452.00 7,461,167.00 7,468,341.00 7,493,687.00 7,536,488.00
DEI Adjusted Shares Outstanding		 7,366,201.00 7,377,829.00 7,417,546.00 7,423,181.00 7,449,020.00 - 7,462,452.00 7,461,167.00 7,468,341.00 7,493,687.00 7,536,488.00
DEI Earnings Per Adjusted Shares Outstanding		 0.93 0.91 0.34 -0.17 0.71 - 0.66 0.48 0.97 0.87 0.17
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -14.83% -9.34% 2.23% -1.57% -8.80% 1.67% 1.03% 7.52% 6.97% 9.11% 9.05%
EBITDA Growth		 9.44% 7.17% 140.38% 318.04% -15.97% -34.77% 47.04% 565.99% 22.58% 19.56% -52.10%
EBIT Growth		 15.93% 21.90% 754.03% 52.65% -20.15% -42.28% 90.75% 385.71% 34.12% 27.28% -74.79%
NOPAT Growth		 27.10% -8.56% 110.24% 104.72% -31.70% -28.49% 10.78% 76.45% 18.69% 20.19% -57.80%
Net Income Growth		 19.96% 3.02% 740.70% 54.22% -22.67% -28.47% 93.76% 390.27% 36.62% 35.66% -74.52%
EPS Growth		 20.78% 0.00% 780.00% 54.05% -24.73% -27.78% 94.12% 382.35% 37.14% 32.31% -74.24%
Operating Cash Flow Growth		 1,608.15% 49.18% -16.35% 663.85% -60.82% -42.53% -92.93% -87.46% -174.00% -27.91% 53.33%
Free Cash Flow Firm Growth		 205.76% 1,254.82% 111.16% -15.64% -19.68% -50.95% -60.32% -79.00% -93.06% -108.54% -143.69%
Invested Capital Growth		 -12.97% -16.75% -12.75% -12.19% -12.28% -9.28% -4.66% -1.61% 1.30% 3.54% 3.73%
Revenue Q/Q Growth		 25.84% 0.27% -10.36% -12.97% 16.58% 11.78% -10.92% -7.39% 15.99% 14.02% -10.96%
EBITDA Q/Q Growth		 2,418.04% 6.87% -51.08% -82.01% 793.38% -17.04% 10.28% -18.52% 64.44% -19.09% -55.81%
EBIT Q/Q Growth		 351.75% 9.63% -64.81% -148.75% 524.58% -20.75% 16.28% -26.98% 99.31% -24.79% -76.97%
NOPAT Q/Q Growth		 632.83% -7.45% -41.51% -48.40% 144.49% -3.10% -9.39% -17.81% 64.46% -1.88% -68.19%
Net Income Q/Q Growth		 351.45% -1.68% -62.01% -148.75% 524.70% -9.05% 2.92% -26.98% 99.89% -9.69% -80.67%
EPS Q/Q Growth		 351.35% -3.23% -62.22% -150.00% 511.76% -7.14% 1.54% -27.27% 100.00% -10.42% -80.23%
Operating Cash Flow Q/Q Growth		 1,099.74% 269.81% -59.00% -62.80% -30.53% 442.41% -94.96% -33.98% -509.85% 628.40% -89.28%
Free Cash Flow Firm Q/Q Growth		 15.06% 19.54% -31.38% -10.61% 9.55% -27.00% -44.48% -52.70% -63.79% -189.85% -183.98%
Invested Capital Q/Q Growth		 0.64% -7.98% -3.69% -1.55% 0.53% -4.82% 1.21% 1.60% 3.51% -2.72% 1.39%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 37.05% 40.28% 39.10% 38.71% 38.10% 41.53% 41.21% 40.97% 40.21% 41.32% 36.52%
EBITDA Margin		 9.21% 9.81% 5.36% 1.11% 8.49% 6.30% 7.80% 6.86% 9.72% 6.90% 3.42%
Operating Margin		 11.37% 11.70% 7.07% 4.59% 8.79% 6.64% 7.63% 6.77% 9.58% 6.86% 2.92%
EBIT Margin		 6.87% 7.51% 2.95% -1.65% 6.02% 4.26% 5.57% 4.39% 7.54% 4.98% 1.29%
Profit (Net Income) Margin		 5.43% 5.33% 2.26% -1.27% 4.61% 3.75% 4.33% 3.42% 5.89% 4.66% 1.01%
Tax Burden Percent		 79.11% 70.94% 76.60% 76.59% 76.61% 87.91% 77.81% 77.81% 78.04% 93.70% 78.64%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 20.89% 29.06% 23.40% 0.00% 23.39% 12.09% 22.19% 22.19% 21.96% 6.30% 21.36%
Return on Invested Capital (ROIC)		 9.20% 8.76% 6.12% 3.69% 7.50% 6.99% 7.22% 6.51% 9.21% 8.44% 3.04%
ROIC Less NNEP Spread (ROIC-NNEP)		 7.42% 7.04% 4.25% 1.32% 6.17% 5.22% 5.94% 5.14% 7.86% 6.46% 1.79%
Return on Net Nonoperating Assets (RNNOA)		 8.75% 7.00% 3.70% 1.13% 5.08% 3.47% 3.69% 3.17% 4.79% 3.34% 0.93%
Return on Equity (ROE)		 17.94% 15.76% 9.82% 4.82% 12.58% 10.45% 10.91% 9.68% 14.00% 11.78% 3.97%
Cash Return on Invested Capital (CROIC)		 19.93% 24.23% 20.71% 20.70% 19.86% 16.37% 11.63% 8.98% 6.28% 4.82% 3.49%
Operating Return on Assets (OROA)		 5.56% 6.53% 2.72% -1.53% 5.39% 4.13% 5.42% 4.32% 7.32% 5.13% 1.34%
Return on Assets (ROA)		 4.40% 4.64% 2.09% -1.17% 4.13% 3.63% 4.22% 3.36% 5.71% 4.81% 1.05%
Return on Common Equity (ROCE)		 17.94% 15.76% 9.82% 4.82% 12.58% 10.45% 10.91% 9.68% 14.00% 11.78% 3.97%
Return on Equity Simple (ROE_SIMPLE)		 4.72% 0.00% 5.94% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 11 10 6.11 3.16 7.72 7.48 6.77 5.57 9.16 8.99 2.86
NOPAT Margin		 8.99% 8.30% 5.42% 3.21% 6.73% 5.84% 5.94% 5.27% 7.47% 6.43% 2.30%
Net Nonoperating Expense Percent (NNEP)		 1.78% 1.72% 1.86% 2.37% 1.33% 1.77% 1.28% 1.37% 1.35% 1.98% 1.25%
Return On Investment Capital (ROIC_SIMPLE)		 - 2.60% 1.58% 0.83% 2.02% 2.05% 1.84% 1.49% 2.36% 2.39% 0.75%
Cost of Revenue to Revenue		 62.95% 59.72% 60.90% 61.29% 61.90% 58.47% 58.79% 59.03% 59.79% 58.68% 63.48%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 25.68% 28.58% 32.03% 34.12% 29.31% 34.89% 33.58% 34.19% 30.64% 34.45% 33.60%
Earnings before Interest and Taxes (EBIT)		 8.63 9.46 3.33 -1.62 6.89 5.46 6.35 4.64 9.24 6.95 1.60
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 12 12 6.05 1.09 9.72 8.06 8.89 7.25 12 9.64 4.26
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.49 0.97 0.87 1.19 1.01 0.73 0.54 0.69 0.90 0.87 1.16
Price to Tangible Book Value (P/TBV)		 1.91 3.43 3.00 4.13 3.31 2.15 1.53 1.91 2.35 2.16 2.85
Price to Revenue (P/Rev)		 0.22 0.47 0.42 0.58 0.51 0.37 0.28 0.36 0.47 0.45 0.59
Price to Earnings (P/E)		 10.37 20.73 14.70 18.00 17.38 14.81 9.22 8.89 10.82 9.83 15.70
Dividend Yield		 4.31% 2.12% 2.34% 1.72% 2.00% 2.74% 3.64% 2.79% 2.08% 2.12% 1.60%
Earnings Yield		 9.64% 4.82% 6.80% 5.56% 5.75% 6.75% 10.85% 11.25% 9.24% 10.17% 6.37%
Enterprise Value to Invested Capital (EV/IC)		 0.74 0.98 0.93 1.12 1.01 0.82 0.70 0.80 0.94 0.91 1.10
Enterprise Value to Revenue (EV/Rev)		 0.68 0.85 0.76 0.91 0.85 0.66 0.56 0.64 0.77 0.71 0.85
Enterprise Value to EBITDA (EV/EBITDA)		 12.80 15.04 12.02 13.54 13.07 11.93 9.22 8.77 9.98 9.03 12.64
Enterprise Value to EBIT (EV/EBIT)		 25.81 27.57 19.69 21.24 21.15 21.14 14.98 12.75 14.03 12.53 18.64
Enterprise Value to NOPAT (EV/NOPAT)		 11.42 14.98 12.16 13.51 13.91 11.81 9.98 10.82 12.47 11.17 15.70
Enterprise Value to Operating Cash Flow (EV/OCF)		 5.39 5.30 5.05 5.41 5.39 5.63 6.99 9.62 15.60 20.89 24.65
Enterprise Value to Free Cash Flow (EV/FCFF)		 3.47 3.68 4.16 5.04 4.74 4.79 5.88 8.86 15.04 19.24 32.16
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.01 0.80 0.71 0.70 0.68 0.57 0.56 0.56 0.57 0.49 0.51
Long-Term Debt to Equity		 1.00 0.79 0.70 0.67 0.64 0.53 0.52 0.53 0.54 0.46 0.47
Financial Leverage		 1.18 0.99 0.87 0.86 0.82 0.66 0.62 0.62 0.61 0.52 0.52
Leverage Ratio		 2.75 2.42 2.29 2.31 2.26 2.06 2.03 2.03 2.04 1.93 1.93
Compound Leverage Factor		 2.75 2.42 2.29 2.31 2.26 2.06 2.03 2.03 2.04 1.93 1.93
Debt to Total Capital		 50.33% 44.41% 41.64% 41.28% 40.37% 36.29% 35.76% 36.04% 36.46% 33.04% 33.61%
Short-Term Debt to Total Capital		 0.62% 0.66% 0.69% 2.19% 2.18% 2.29% 2.27% 2.24% 2.16% 2.22% 2.20%
Long-Term Debt to Total Capital		 49.71% 43.75% 40.95% 39.09% 38.18% 34.00% 33.48% 33.80% 34.30% 30.82% 31.42%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 49.67% 55.59% 58.36% 58.72% 59.63% 63.71% 64.24% 63.96% 63.54% 66.96% 66.39%
Debt to EBITDA		 8.74 6.88 5.45 5.07 5.29 5.31 4.74 3.97 3.91 3.30 3.87
Net Debt to EBITDA		 8.57 6.71 5.35 4.93 5.16 5.16 4.64 3.89 3.82 3.22 3.82
Long-Term Debt to EBITDA		 8.64 6.78 5.36 4.80 5.00 4.97 4.43 3.72 3.68 3.08 3.61
Debt to NOPAT		 7.81 6.85 5.52 5.06 5.63 5.26 5.13 4.90 4.89 4.08 4.80
Net Debt to NOPAT		 7.65 6.68 5.41 4.92 5.49 5.11 5.03 4.80 4.77 3.99 4.74
Long-Term Debt to NOPAT		 7.71 6.75 5.43 4.79 5.32 4.92 4.80 4.60 4.60 3.81 4.49
Altman Z-Score		 2.02 2.45 2.41 2.50 2.44 2.38 2.24 2.36 2.48 2.60 2.78
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 3.45 3.61 3.31 2.87 2.79 2.73 2.64 2.76 2.74 2.82 2.90
Quick Ratio		 1.16 1.17 1.01 0.78 0.88 0.85 0.79 0.73 0.83 0.88 0.94
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 76 90 62 55 61 44 25 12 4.22 -3.79 -11
Operating Cash Flow to CapEx		 962.03% 4,300.20% 6,397.79% 349.89% 432.40% 1,633.76% 175.46% 25.61% -181.16% 2,028.26% 165.15%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.81 0.87 0.92 0.92 0.90 0.97 0.97 0.98 0.97 1.03 1.04
Accounts Receivable Turnover		 4.34 5.28 6.25 6.70 5.09 5.97 6.18 7.12 5.88 6.22 6.17
Inventory Turnover		 1.26 1.40 1.47 1.44 1.50 1.64 1.60 1.52 1.52 1.64 1.70
Fixed Asset Turnover		 8.37 8.45 8.76 8.79 8.73 8.93 9.02 9.05 9.32 9.68 9.86
Accounts Payable Turnover		 3.53 4.74 4.74 4.76 4.37 5.09 4.63 4.61 4.39 5.13 4.73
Days Sales Outstanding (DSO)		 84.07 69.08 58.36 54.50 71.66 61.12 59.09 51.28 62.07 58.70 59.17
Days Inventory Outstanding (DIO)		 289.14 260.70 248.99 253.38 243.18 223.11 227.66 239.92 240.29 222.98 214.23
Days Payable Outstanding (DPO)		 103.39 77.02 76.93 76.70 83.51 71.67 78.89 79.11 83.15 71.17 77.09
Cash Conversion Cycle (CCC)		 269.83 252.77 230.42 231.19 231.34 212.56 207.85 212.09 219.21 210.51 196.30
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 432 398 383 377 379 361 365 371 384 374 379
Invested Capital Turnover		 1.02 1.06 1.13 1.15 1.11 1.20 1.22 1.24 1.23 1.31 1.32
Increase / (Decrease) in Invested Capital		 -64 -80 -56 -52 -53 -37 -18 -6.08 4.94 13 14
Enterprise Value (EV)		 321 390 354 420 382 297 256 297 360 341 418
Market Capitalization		 106 216 197 267 231 169 127 166 222 219 292
Book Value per Share		 $29.43 $30.30 $30.37 $30.15 $30.64 $31.16 $31.65 $32.04 $32.95 $33.64 $33.51
Tangible Book Value per Share		 $7.55 $8.55 $8.83 $8.72 $9.38 $10.54 $11.15 $11.63 $12.66 $13.51 $13.58
Total Capital		 436 402 386 381 383 364 368 374 387 376 380
Total Debt		 220 179 161 157 155 132 131 135 141 124 128
Total Long-Term Debt		 217 176 158 149 146 124 123 126 133 116 120
Net Debt		 215 174 158 153 151 129 129 132 138 121 126
Capital Expenditures (CapEx)		 1.19 0.99 0.27 1.85 1.04 1.49 0.70 3.17 1.84 0.87 1.14
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 218 185 172 167 170 161 166 172 186 180 182
Debt-free Net Working Capital (DFNWC)		 222 189 175 171 174 164 169 175 189 183 183
Net Working Capital (NWC)		 220 187 173 162 166 156 161 167 181 175 175
Net Nonoperating Expense (NNE)		 4.47 3.74 3.56 4.40 2.44 2.68 1.83 1.96 1.95 2.47 1.60
Net Nonoperating Obligations (NNO)		 215 174 158 153 151 129 129 132 138 121 126
Total Depreciation and Amortization (D&A)		 2.94 2.90 2.72 2.71 2.83 2.60 2.54 2.61 2.67 2.69 2.66
Debt-free, Cash-free Net Working Capital to Revenue		 45.96% 40.02% 37.08% 36.00% 37.72% 35.41% 36.58% 37.26% 39.58% 37.36% 36.87%
Debt-free Net Working Capital to Revenue		 46.85% 40.99% 37.74% 36.88% 38.54% 36.23% 37.14% 37.86% 40.28% 37.96% 37.21%
Net Working Capital to Revenue		 46.28% 40.41% 37.17% 35.08% 36.69% 34.39% 35.30% 36.06% 38.51% 36.22% 35.51%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.93 $0.91 $0.34 ($0.17) $0.71 $0.65 $0.66 $0.48 $0.96 $0.88 $0.17
Adjusted Weighted Average Basic Shares Outstanding		 7.37M 7.36M 7.42M 7.43M 7.45M 7.44M 7.46M 7.46M 7.48M 7.47M 7.54M
Adjusted Diluted Earnings per Share		 $0.93 $0.90 $0.34 ($0.17) $0.70 $0.65 $0.66 $0.48 $0.96 $0.86 $0.17
Adjusted Weighted Average Diluted Shares Outstanding		 7.38M 7.38M 7.45M 7.43M 7.50M 7.48M 7.49M 7.49M 7.54M 7.53M 7.62M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 7.38M 7.42M 7.42M 7.45M 7.45M 7.46M 7.46M 7.47M 7.49M 7.54M 7.54M
Normalized Net Operating Profit after Tax (NOPAT)		 11 10 6.11 3.16 7.72 7.48 6.77 5.57 9.16 8.99 2.86
Normalized NOPAT Margin		 8.99% 8.30% 5.42% 3.21% 6.73% 5.84% 5.94% 5.27% 7.47% 6.43% 2.30%
Pre Tax Income Margin		 6.87% 7.51% 2.95% -1.65% 6.02% 4.26% 5.57% 4.39% 7.54% 4.98% 1.29%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 44.57% 43.78% 34.19% 30.88% 34.58% 40.49% 33.52% 24.82% 22.50% 20.80% 24.99%
Augmented Payout Ratio		 44.57% 43.78% 34.19% 30.88% 34.58% 40.49% 34.98% 24.82% 22.50% 21.71% 24.99%

Financials Breakdown Chart

Key Financial Trends

Rocky Brands (NASDAQ: RCKY) showed a sharp rebound in profitability and cash generation in early 2025, but the latest Q1 2026 results indicate that momentum has cooled. Revenue declined year over year, margins compressed, and operating cash flow fell sharply from the prior quarter, even though the company remained profitable.

  • Q1 2025 was a strong turnaround quarter, with net income of $4.9 million versus a loss of $1.2 million in Q2 2024.
  • Operating income also improved meaningfully in Q1 2025 to $8.7 million from $4.5 million in Q2 2024, showing better core profitability.
  • The company generated positive operating cash flow in each of the last several quarters, including $1.9 million in Q1 2026.
  • Rocky Brands has consistently produced positive net income in the most recent four quarters on a trailing basis, including $6.5 million in Q4 2025 and $7.2 million in Q3 2025.
  • Cash dividends continue to be paid, which may appeal to income-oriented investors, with quarterly dividends of $0.155 per share.
  • Q1 2026 revenue of $124.4 million was lower than $139.7 million in Q4 2025, but still above the $114.1 million level in Q1 2025.
  • Gross profit margin in Q1 2026 was about 36.5%, down from roughly 41.3% in Q4 2025 and 41.2% in Q1 2025, indicating some pressure on pricing or costs.
  • The balance sheet remains heavily weighted toward working capital and intangibles, with inventories of $172.6 million and intangible assets of $102.3 million at the end of Q1 2026.
  • Short-term debt was unchanged at $8.4 million, while long-term debt remained sizable at $113.8 million in Q1 2026.
  • Depreciation and amortization continue to run at meaningful levels, so reported earnings may not fully reflect cash needs or asset intensity.
  • Q1 2026 net income fell to $1.3 million from $6.5 million in Q4 2025 and $4.9 million in Q1 2025.
  • Operating income dropped to $3.6 million in Q1 2026 from $9.6 million in Q4 2025, signaling weaker operating leverage.
  • Other expense remained a drag, with $2.0 million of net other expense in Q1 2026 and $2.6 million in Q4 2025.
  • Operating cash flow weakened sharply in Q1 2026 to $1.9 million from $17.6 million in Q4 2025.
  • The company’s cash balance was only $1.7 million at the end of Q1 2026, which leaves little liquidity cushion relative to debt and working capital needs.
  • Inventory rose again to $172.6 million in Q1 2026, which can pressure cash flow if demand softens or turns over more slowly.

Bottom line: Rocky Brands has shown it can quickly swing back to profitability, but the latest quarter suggests the recovery is not yet smooth. Investors should watch revenue trends, margin stability, inventory levels, and whether cash flow can recover while debt remains elevated.

07/04/26 12:05 PM ETAI Generated. May Contain Errors.

Rocky Brands Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Rocky Brands' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Rocky Brands' net income appears to be on an upward trend, with a most recent value of $22.27 million in 2025, rising from $6.60 million in 2015. The previous period was $11.39 million in 2024. View Rocky Brands' forecast to see where analysts expect Rocky Brands to go next.

Rocky Brands' total operating income in 2025 was $37.19 million, based on the following breakdown:
  • Total Gross Profit: $197.29 million
  • Total Operating Expenses: $160.10 million

Over the last 10 years, Rocky Brands' total revenue changed from $269.30 million in 2015 to $481.98 million in 2025, a change of 79.0%.

Rocky Brands' total liabilities were at $225.40 million at the end of 2025, a 0.1% increase from 2024, and a 335.6% increase since 2015.

In the past 10 years, Rocky Brands' cash and equivalents has ranged from $2.90 million in 2025 to $28.35 million in 2020, and is currently $2.90 million as of their latest financial filing in 2025.

Over the last 10 years, Rocky Brands' book value per share changed from 18.79 in 2015 to 33.64 in 2025, a change of 79.0%.


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Financial statements for NASDAQ:RCKY last updated on 7/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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