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Rocky Brands (RCKY) Financials

Rocky Brands logo
$45.12 -0.55 (-1.20%)
Closing price 10/14/2026 04:00 PM Eastern
Extended Trading
$45.21 +0.09 (+0.20%)
As of 10/14/2026 04:10 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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 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 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 6.71 2.55 -1.24 5.28 4.80 4.94 3.61 7.21 6.51 1.26 14
Consolidated Net Income / (Loss)		 6.71 2.55 -1.24 5.28 4.80 4.94 3.61 7.21 6.51 1.26 14
Net Income / (Loss) Continuing Operations		 6.71 2.55 -1.24 5.28 4.80 4.94 3.61 7.21 6.51 1.26 14
Total Pre-Tax Income 		9.46 3.33 -1.62 6.89 5.46 6.35 4.64 9.24 6.95 1.60 18
Total Operating Income		 15 7.98 4.51 10 8.50 8.71 7.16 12 9.59 3.64 20
Total Gross Profit		 51 44 38 44 53 47 43 49 58 45 61
Total Revenue		 126 113 98 115 128 114 106 123 140 124 118
Operating Revenue		 126 113 98 115 128 114 106 123 140 124 118
Total Cost of Revenue		 75 69 60 71 75 67 62 73 82 79 58
Operating Cost of Revenue		 75 69 60 71 75 67 62 73 82 79 58
Total Operating Expenses		 36 36 34 34 45 38 36 38 48 42 41
Other Operating Expenses / (Income)		 36 36 34 34 45 38 36 38 48 42 41
Total Other Income / (Expense), net		 -5.28 -4.65 -6.13 -3.18 -3.04 -2.36 -2.52 -2.49 -2.64 -2.03 -2.00
Other Income / (Expense), net		 -5.28 -4.65 -6.13 -3.18 -3.04 -2.36 -2.52 -2.49 -2.64 -2.03 -2.00
Income Tax Expense		 2.75 0.78 -0.38 1.61 0.66 1.41 1.03 2.03 0.44 0.34 3.81
Basic Earnings per Share		 $0.91 $0.34 ($0.17) $0.71 $0.65 $0.66 $0.48 $0.96 $0.88 $0.17 $1.85
Weighted Average Basic Shares Outstanding		 7.36M 7.42M 7.43M 7.45M 7.44M 7.46M 7.46M 7.48M 7.47M 7.54M 7.51M
Diluted Earnings per Share		 $0.90 $0.34 ($0.17) $0.70 $0.65 $0.66 $0.48 $0.96 $0.86 $0.17 $1.83
Weighted Average Diluted Shares Outstanding		 7.38M 7.45M 7.43M 7.50M 7.48M 7.49M 7.49M 7.54M 7.53M 7.62M 7.60M
Weighted Average Basic & Diluted Shares Outstanding		 7.42M 7.42M 7.45M 7.45M 7.46M 7.46M 7.47M 7.49M 7.54M 7.54M 7.49M

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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 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 6/30/2026
Net Change in Cash & Equivalents		 0.23 -1.41 1.05 -0.40 0.01 -1.16 0.22 0.54 -0.42 -1.24 0.96
Net Cash From Operating Activities		 42 17 6.47 4.50 24 1.23 0.81 -3.33 18 1.89 7.83
Net Cash From Continuing Operating Activities		 42 17 6.47 4.50 24 1.23 0.81 -3.33 18 1.89 7.83
Net Income / (Loss) Continuing Operations		 6.71 2.55 -1.24 5.28 4.80 4.94 3.61 7.21 6.51 1.26 14
Consolidated Net Income / (Loss)		 6.71 2.55 -1.24 5.28 4.80 4.94 3.61 7.21 6.51 1.26 14
Depreciation Expense		 2.69 2.51 2.62 2.68 2.45 2.38 2.44 2.50 2.52 2.48 2.42
Amortization Expense		 0.21 0.21 0.09 0.15 0.16 0.16 0.17 0.17 0.17 0.18 0.18
Non-Cash Adjustments To Reconcile Net Income		 3.33 2.36 2.34 -0.51 7.44 1.30 1.28 1.24 1.32 1.54 0.83
Changes in Operating Assets and Liabilities, net		 30 9.77 2.67 -3.10 9.55 -7.56 -6.69 -14 7.06 -3.57 -9.49
Net Cash From Investing Activities		 -0.99 -0.27 -0.16 -1.04 -1.49 -0.70 -3.17 -1.84 -0.50 -1.14 -3.68
Net Cash From Continuing Investing Activities		 -0.99 -0.27 -0.16 -1.04 -1.49 -0.70 -3.17 -1.84 -0.50 -1.14 -3.68
Purchase of Property, Plant & Equipment		 -0.99 -0.28 -1.85 -1.04 -1.49 -0.70 -3.17 -1.84 -0.87 -1.14 -3.68
Net Cash From Financing Activities		 -41 -19 -5.27 -3.86 -23 -1.69 2.58 5.71 -18 -1.98 -3.18
Net Cash From Continuing Financing Activities		 -41 -19 -5.27 -3.86 -23 -1.69 2.58 5.71 -18 -1.98 -3.18
Repayment of Debt		 -46 -19 -174 -10 -33 -8.69 -12 -9.17 -31 -13 -11
Repurchase of Common Equity		 - 0.00 - - - -0.20 - - - 0.00 -1.99
Payment of Dividends		 -1.14 -1.15 -1.15 -1.16 -1.16 -1.16 -1.16 -1.16 -1.16 -1.17 -1.27
Issuance of Debt		 5.19 1.75 169 7.50 11 8.34 15 15 15 12 11
Other Financing Activities, net		 0.89 0.00 0.60 - - 0.02 - 0.56 0.23 -0.09 0.02

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 Q2 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 6/30/2026
Total Assets		 533 467 468 475 468 471 494 477 490
Total Current Assets		 309 247 249 258 259 261 285 267 279
Cash & Equivalents		 4.24 3.06 4.11 3.71 2.56 2.78 3.32 1.67 2.63
Accounts Receivable		 100 73 63 77 75 67 83 85 97
Inventories, net		 195 165 175 172 176 187 194 173 174
Prepaid Expenses		 4.99 6.04 5.66 5.21 5.90 5.35 5.66 6.39 5.51
Current Deferred & Refundable Income Taxes		 2.45 0.54 1.03 - 0.00 0.00 - 1.16 0.00
Plant, Property, & Equipment, net		 53 51 51 50 50 51 51 50 52
Total Noncurrent Assets		 170 168 167 167 160 159 158 160 159
Goodwill		 48 48 48 48 48 48 48 48 48
Intangible Assets		 113 112 111 111 105 104 104 102 102
Other Noncurrent Operating Assets		 9.00 8.12 8.36 8.21 6.99 6.37 6.66 10 9.44
Total Liabilities & Shareholders' Equity		 533 467 468 475 468 471 494 477 490
Total Liabilities		 316 241 244 247 232 232 248 225 226
Total Current Liabilities		 90 75 87 92 98 95 104 92 94
Short-Term Debt		 2.70 2.65 8.36 8.36 8.36 8.36 8.36 8.36 8.36
Accounts Payable		 63 53 58 63 65 61 63 61 59
Accrued Expenses		 21 19 21 21 25 25 32 23 27
Total Noncurrent Liabilities		 226 166 157 154 134 137 144 133 132
Long-Term Debt		 211 153 144 142 120 124 131 114 114
Capital Lease Obligations		 5.72 4.80 4.91 4.23 2.86 2.16 2.18 5.72 5.11
Noncurrent Deferred & Payable Income Tax Liabilities		 8.01 7.48 7.48 7.48 10 10 10 12 12
Other Noncurrent Operating Liabilities		 1.35 0.91 0.75 0.78 0.77 0.81 0.85 0.83 0.89
Total Equity & Noncontrolling Interests		 217 225 224 228 236 239 246 253 264
Total Preferred & Common Equity		 217 225 224 228 236 239 246 253 264
Total Common Equity		 217 225 224 228 236 239 246 253 264
Common Stock		 71 72 73 74 74 74 75 76 75
Retained Earnings		 146 153 151 155 162 165 171 176 189

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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 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 6/30/2026
DEI Shares Outstanding		 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 7,541,363.00
DEI Adjusted Shares Outstanding		 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 7,541,363.00
DEI Earnings Per Adjusted Shares Outstanding		 0.91 0.34 -0.17 0.71 - 0.66 0.48 0.97 0.87 0.17 1.84
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -9.34% 2.23% -1.57% -8.80% 1.67% 1.03% 7.52% 6.97% 9.11% 9.05% 12.04%
EBITDA Growth		 7.17% 140.38% 318.04% -15.97% -34.77% 47.04% 565.99% 22.58% 19.56% -52.10% 180.07%
EBIT Growth		 21.90% 754.03% 52.65% -20.15% -42.28% 90.75% 385.71% 34.12% 27.28% -74.79% 281.50%
NOPAT Growth		 -8.56% 110.24% 104.72% -31.70% -28.49% 10.78% 76.45% 18.69% 20.19% -57.80% 177.41%
Net Income Growth		 3.02% 740.70% 54.22% -22.67% -28.47% 93.76% 390.27% 36.62% 35.66% -74.52% 284.73%
EPS Growth		 0.00% 780.00% 54.05% -24.73% -27.78% 94.12% 382.35% 37.14% 32.31% -74.24% 281.25%
Operating Cash Flow Growth		 49.18% -16.35% 663.85% -60.82% -42.53% -92.93% -87.46% -174.00% -27.91% 53.33% 863.67%
Free Cash Flow Firm Growth		 1,254.82% 111.16% -15.64% -19.68% -50.95% -60.32% -79.00% -93.06% -108.54% -143.69% -117.93%
Invested Capital Growth		 -16.75% -12.75% -12.19% -12.28% -9.28% -4.66% -1.61% 1.30% 3.54% 3.73% 4.73%
Revenue Q/Q Growth		 0.27% -10.36% -12.97% 16.58% 11.78% -10.92% -7.39% 15.99% 14.02% -10.96% -4.85%
EBITDA Q/Q Growth		 6.87% -51.08% -82.01% 793.38% -17.04% 10.28% -18.52% 64.44% -19.09% -55.81% 376.39%
EBIT Q/Q Growth		 9.63% -64.81% -148.75% 524.58% -20.75% 16.28% -26.98% 99.31% -24.79% -76.97% 1,004.93%
NOPAT Q/Q Growth		 -7.45% -41.51% -48.40% 144.49% -3.10% -9.39% -17.81% 64.46% -1.88% -68.19% 440.37%
Net Income Q/Q Growth		 -1.68% -62.01% -148.75% 524.70% -9.05% 2.92% -26.98% 99.89% -9.69% -80.67% 1,002.54%
EPS Q/Q Growth		 -3.23% -62.22% -150.00% 511.76% -7.14% 1.54% -27.27% 100.00% -10.42% -80.23% 976.47%
Operating Cash Flow Q/Q Growth		 269.81% -59.00% -62.80% -30.53% 442.41% -94.96% -33.98% -509.85% 628.40% -89.28% 314.90%
Free Cash Flow Firm Q/Q Growth		 19.54% -31.38% -10.61% 9.55% -27.00% -44.48% -52.70% -63.79% -189.85% -183.98% 80.59%
Invested Capital Q/Q Growth		 -7.98% -3.69% -1.55% 0.53% -4.82% 1.21% 1.60% 3.51% -2.72% 1.39% 2.58%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 40.28% 39.10% 38.71% 38.10% 41.53% 41.21% 40.97% 40.21% 41.32% 36.52% 51.37%
EBITDA Margin		 9.81% 5.36% 1.11% 8.49% 6.30% 7.80% 6.86% 9.72% 6.90% 3.42% 17.14%
Operating Margin		 11.70% 7.07% 4.59% 8.79% 6.64% 7.63% 6.77% 9.58% 6.86% 2.92% 16.63%
EBIT Margin		 7.51% 2.95% -1.65% 6.02% 4.26% 5.57% 4.39% 7.54% 4.98% 1.29% 14.94%
Profit (Net Income) Margin		 5.33% 2.26% -1.27% 4.61% 3.75% 4.33% 3.42% 5.89% 4.66% 1.01% 11.73%
Tax Burden Percent		 70.94% 76.60% 76.59% 76.61% 87.91% 77.81% 77.81% 78.04% 93.70% 78.64% 78.47%
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		 29.06% 23.40% 0.00% 23.39% 12.09% 22.19% 22.19% 21.96% 6.30% 21.36% 21.53%
Return on Invested Capital (ROIC)		 8.76% 6.12% 3.69% 7.50% 6.99% 7.22% 6.51% 9.21% 8.44% 3.04% 17.35%
ROIC Less NNEP Spread (ROIC-NNEP)		 7.04% 4.25% 1.32% 6.17% 5.22% 5.94% 5.14% 7.86% 6.46% 1.79% 16.14%
Return on Net Nonoperating Assets (RNNOA)		 7.00% 3.70% 1.13% 5.08% 3.47% 3.69% 3.17% 4.79% 3.34% 0.93% 8.24%
Return on Equity (ROE)		 15.76% 9.82% 4.82% 12.58% 10.45% 10.91% 9.68% 14.00% 11.78% 3.97% 25.60%
Cash Return on Invested Capital (CROIC)		 24.23% 20.71% 20.70% 19.86% 16.37% 11.63% 8.98% 6.28% 4.82% 3.49% 4.95%
Operating Return on Assets (OROA)		 6.53% 2.72% -1.53% 5.39% 4.13% 5.42% 4.32% 7.32% 5.13% 1.34% 15.71%
Return on Assets (ROA)		 4.64% 2.09% -1.17% 4.13% 3.63% 4.22% 3.36% 5.71% 4.81% 1.05% 12.33%
Return on Common Equity (ROCE)		 15.76% 9.82% 4.82% 12.58% 10.45% 10.91% 9.68% 14.00% 11.78% 3.97% 25.60%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 5.94% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 10 6.11 3.16 7.72 7.48 6.77 5.57 9.16 8.99 2.86 15
NOPAT Margin		 8.30% 5.42% 3.21% 6.73% 5.84% 5.94% 5.27% 7.47% 6.43% 2.30% 13.05%
Net Nonoperating Expense Percent (NNEP)		 1.72% 1.86% 2.37% 1.33% 1.77% 1.28% 1.37% 1.35% 1.98% 1.25% 1.22%
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% 3.95%
Cost of Revenue to Revenue		 59.72% 60.90% 61.29% 61.90% 58.47% 58.79% 59.03% 59.79% 58.68% 63.48% 48.63%
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		 28.58% 32.03% 34.12% 29.31% 34.89% 33.58% 34.19% 30.64% 34.45% 33.60% 34.74%
Earnings before Interest and Taxes (EBIT)		 9.46 3.33 -1.62 6.89 5.46 6.35 4.64 9.24 6.95 1.60 18
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 12 6.05 1.09 9.72 8.06 8.89 7.25 12 9.64 4.26 20
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.97 0.87 1.19 1.01 0.73 0.54 0.69 0.90 0.87 1.16 1.18
Price to Tangible Book Value (P/TBV)		 3.43 3.00 4.13 3.31 2.15 1.53 1.91 2.35 2.16 2.85 2.72
Price to Revenue (P/Rev)		 0.47 0.42 0.58 0.51 0.37 0.28 0.36 0.47 0.45 0.59 0.62
Price to Earnings (P/E)		 20.73 14.70 18.00 17.38 14.81 9.22 8.89 10.82 9.83 15.70 10.77
Dividend Yield		 2.12% 2.34% 1.72% 2.00% 2.74% 3.64% 2.79% 2.08% 2.12% 1.60% 1.54%
Earnings Yield		 4.82% 6.80% 5.56% 5.75% 6.75% 10.85% 11.25% 9.24% 10.17% 6.37% 9.28%
Enterprise Value to Invested Capital (EV/IC)		 0.98 0.93 1.12 1.01 0.82 0.70 0.80 0.94 0.91 1.10 1.12
Enterprise Value to Revenue (EV/Rev)		 0.85 0.76 0.91 0.85 0.66 0.56 0.64 0.77 0.71 0.85 0.86
Enterprise Value to EBITDA (EV/EBITDA)		 15.04 12.02 13.54 13.07 11.93 9.22 8.77 9.98 9.03 12.64 9.45
Enterprise Value to EBIT (EV/EBIT)		 27.57 19.69 21.24 21.15 21.14 14.98 12.75 14.03 12.53 18.64 12.28
Enterprise Value to NOPAT (EV/NOPAT)		 14.98 12.16 13.51 13.91 11.81 9.98 10.82 12.47 11.17 15.70 12.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 5.30 5.05 5.41 5.39 5.63 6.99 9.62 15.60 20.89 24.65 18.19
Enterprise Value to Free Cash Flow (EV/FCFF)		 3.68 4.16 5.04 4.74 4.79 5.88 8.86 15.04 19.24 32.16 23.21
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.80 0.71 0.70 0.68 0.57 0.56 0.56 0.57 0.49 0.51 0.48
Long-Term Debt to Equity		 0.79 0.70 0.67 0.64 0.53 0.52 0.53 0.54 0.46 0.47 0.45
Financial Leverage		 0.99 0.87 0.86 0.82 0.66 0.62 0.62 0.61 0.52 0.52 0.51
Leverage Ratio		 2.42 2.29 2.31 2.26 2.06 2.03 2.03 2.04 1.93 1.93 1.91
Compound Leverage Factor		 2.42 2.29 2.31 2.26 2.06 2.03 2.03 2.04 1.93 1.93 1.91
Debt to Total Capital		 44.41% 41.64% 41.28% 40.37% 36.29% 35.76% 36.04% 36.46% 33.04% 33.61% 32.60%
Short-Term Debt to Total Capital		 0.66% 0.69% 2.19% 2.18% 2.29% 2.27% 2.24% 2.16% 2.22% 2.20% 2.14%
Long-Term Debt to Total Capital		 43.75% 40.95% 39.09% 38.18% 34.00% 33.48% 33.80% 34.30% 30.82% 31.42% 30.46%
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		 55.59% 58.36% 58.72% 59.63% 63.71% 64.24% 63.96% 63.54% 66.96% 66.39% 67.40%
Debt to EBITDA		 6.88 5.45 5.07 5.29 5.31 4.74 3.97 3.91 3.30 3.87 2.77
Net Debt to EBITDA		 6.71 5.35 4.93 5.16 5.16 4.64 3.89 3.82 3.22 3.82 2.71
Long-Term Debt to EBITDA		 6.78 5.36 4.80 5.00 4.97 4.43 3.72 3.68 3.08 3.61 2.58
Debt to NOPAT		 6.85 5.52 5.06 5.63 5.26 5.13 4.90 4.89 4.08 4.80 3.51
Net Debt to NOPAT		 6.68 5.41 4.92 5.49 5.11 5.03 4.80 4.77 3.99 4.74 3.44
Long-Term Debt to NOPAT		 6.75 5.43 4.79 5.32 4.92 4.80 4.60 4.60 3.81 4.49 3.28
Altman Z-Score		 2.45 2.41 2.50 2.44 2.38 2.24 2.36 2.48 2.60 2.78 2.97
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		 3.61 3.31 2.87 2.79 2.73 2.64 2.76 2.74 2.82 2.90 2.97
Quick Ratio		 1.17 1.01 0.78 0.88 0.85 0.79 0.73 0.83 0.88 0.94 1.06
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 90 62 55 61 44 25 12 4.22 -3.79 -11 -2.09
Operating Cash Flow to CapEx		 4,300.20% 6,397.79% 349.89% 432.40% 1,633.76% 175.46% 25.61% -181.16% 2,028.26% 165.15% 212.41%
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		 0.87 0.92 0.92 0.90 0.97 0.97 0.98 0.97 1.03 1.04 1.05
Accounts Receivable Turnover		 5.28 6.25 6.70 5.09 5.97 6.18 7.12 5.88 6.22 6.17 6.18
Inventory Turnover		 1.40 1.47 1.44 1.50 1.64 1.60 1.52 1.52 1.64 1.70 1.62
Fixed Asset Turnover		 8.45 8.76 8.79 8.73 8.93 9.02 9.05 9.32 9.68 9.86 9.78
Accounts Payable Turnover		 4.74 4.74 4.76 4.37 5.09 4.63 4.61 4.39 5.13 4.73 4.85
Days Sales Outstanding (DSO)		 69.08 58.36 54.50 71.66 61.12 59.09 51.28 62.07 58.70 59.17 59.08
Days Inventory Outstanding (DIO)		 260.70 248.99 253.38 243.18 223.11 227.66 239.92 240.29 222.98 214.23 225.39
Days Payable Outstanding (DPO)		 77.02 76.93 76.70 83.51 71.67 78.89 79.11 83.15 71.17 77.09 75.20
Cash Conversion Cycle (CCC)		 252.77 230.42 231.19 231.34 212.56 207.85 212.09 219.21 210.51 196.30 209.27
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 398 383 377 379 361 365 371 384 374 379 389
Invested Capital Turnover		 1.06 1.13 1.15 1.11 1.20 1.22 1.24 1.23 1.31 1.32 1.33
Increase / (Decrease) in Invested Capital		 -80 -56 -52 -53 -37 -18 -6.08 4.94 13 14 18
Enterprise Value (EV)		 390 354 420 382 297 256 297 360 341 418 436
Market Capitalization		 216 197 267 231 169 127 166 222 219 292 311
Book Value per Share		 $30.30 $30.37 $30.15 $30.64 $31.16 $31.65 $32.04 $32.95 $33.64 $33.51 $34.96
Tangible Book Value per Share		 $8.55 $8.83 $8.72 $9.38 $10.54 $11.15 $11.63 $12.66 $13.51 $13.58 $15.14
Total Capital		 402 386 381 383 364 368 374 387 376 380 391
Total Debt		 179 161 157 155 132 131 135 141 124 128 128
Total Long-Term Debt		 176 158 149 146 124 123 126 133 116 120 119
Net Debt		 174 158 153 151 129 129 132 138 121 126 125
Capital Expenditures (CapEx)		 0.99 0.27 1.85 1.04 1.49 0.70 3.17 1.84 0.87 1.14 3.68
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 185 172 167 170 161 166 172 186 180 182 190
Debt-free Net Working Capital (DFNWC)		 189 175 171 174 164 169 175 189 183 183 193
Net Working Capital (NWC)		 187 173 162 166 156 161 167 181 175 175 185
Net Nonoperating Expense (NNE)		 3.74 3.56 4.40 2.44 2.68 1.83 1.96 1.95 2.47 1.60 1.57
Net Nonoperating Obligations (NNO)		 174 158 153 151 129 129 132 138 121 126 125
Total Depreciation and Amortization (D&A)		 2.90 2.72 2.71 2.83 2.60 2.54 2.61 2.67 2.69 2.66 2.60
Debt-free, Cash-free Net Working Capital to Revenue		 40.02% 37.08% 36.00% 37.72% 35.41% 36.58% 37.26% 39.58% 37.36% 36.87% 37.72%
Debt-free Net Working Capital to Revenue		 40.99% 37.74% 36.88% 38.54% 36.23% 37.14% 37.86% 40.28% 37.96% 37.21% 38.24%
Net Working Capital to Revenue		 40.41% 37.17% 35.08% 36.69% 34.39% 35.30% 36.06% 38.51% 36.22% 35.51% 36.58%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.91 $0.34 ($0.17) $0.71 $0.65 $0.66 $0.48 $0.96 $0.88 $0.17 $1.85
Adjusted Weighted Average Basic Shares Outstanding		 7.36M 7.42M 7.43M 7.45M 7.44M 7.46M 7.46M 7.48M 7.47M 7.54M 7.51M
Adjusted Diluted Earnings per Share		 $0.90 $0.34 ($0.17) $0.70 $0.65 $0.66 $0.48 $0.96 $0.86 $0.17 $1.83
Adjusted Weighted Average Diluted Shares Outstanding		 7.38M 7.45M 7.43M 7.50M 7.48M 7.49M 7.49M 7.54M 7.53M 7.62M 7.60M
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		 7.42M 7.42M 7.45M 7.45M 7.46M 7.46M 7.47M 7.49M 7.54M 7.54M 7.49M
Normalized Net Operating Profit after Tax (NOPAT)		 10 6.11 3.16 7.72 7.48 6.77 5.57 9.16 8.99 2.86 15
Normalized NOPAT Margin		 8.30% 5.42% 3.21% 6.73% 5.84% 5.94% 5.27% 7.47% 6.43% 2.30% 13.05%
Pre Tax Income Margin		 7.51% 2.95% -1.65% 6.02% 4.26% 5.57% 4.39% 7.54% 4.98% 1.29% 14.94%
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		 43.78% 34.19% 30.88% 34.58% 40.49% 33.52% 24.82% 22.50% 20.80% 24.99% 16.50%
Augmented Payout Ratio		 43.78% 34.19% 30.88% 34.58% 40.49% 34.98% 24.82% 22.50% 21.71% 24.99% 23.40%

Financials Breakdown Chart

Key Financial Trends

Rocky Brands (NASDAQ: RCKY) showed a sharp year-over-year improvement in the second quarter of 2026, although the broader quarterly record remains uneven. Q2 revenue increased to $118.4 million from $105.6 million in Q2 2025 and $98.3 million in Q2 2024. Gross profit rose to $60.8 million, lifting the gross margin to approximately 51.4%, compared with 41.0% a year earlier and 38.7% in Q2 2024.

Profitability also improved materially. Operating income reached $19.7 million in Q2 2026, or a 16.6% operating margin, versus $7.2 million, or 6.8%, in Q2 2025. Net income increased to $13.9 million, or $1.83 per diluted share, from $3.6 million, or $0.48 per diluted share, in the prior-year quarter. The improvement appears to reflect both stronger revenue and substantially better gross-margin performance.

Cash generation improved in Q2 2026, with operating cash flow of $7.8 million compared with only $812,000 in Q2 2025. After $3.7 million of capital expenditures, estimated quarterly free cash flow was approximately $4.1 million. However, working capital was a significant use of cash, with changes in operating assets and liabilities reducing operating cash flow by $9.5 million.

The balance sheet remains highly dependent on inventory and receivables. At June 30, 2026, Rocky Brands held $173.5 million of inventory and $97.0 million of accounts receivable, compared with only $2.6 million of cash. Total liabilities were $226.3 million against $263.6 million of equity, giving the company a reasonable equity cushion, but liquidity should remain an important consideration for investors.

  • Strong Q2 2026 earnings growth: Net income rose nearly fourfold year over year to $13.9 million, while diluted EPS increased from $0.48 to $1.83.
  • Major gross-margin expansion: The Q2 gross margin improved to approximately 51.4%, up from 41.0% in Q2 2025 and 38.7% in Q2 2024.
  • Improved operating leverage: Operating expenses declined to $41.1 million from $42.0 million year over year despite higher revenue, helping operating income climb from $7.2 million to $19.7 million.
  • Better cash conversion: Operating cash flow increased to $7.8 million in Q2 2026 from $812,000 in Q2 2025, and estimated free cash flow turned positive at roughly $4.1 million.
  • Shareholder returns continue: Rocky Brands repurchased approximately $2.0 million of common stock in Q2 and paid $1.3 million in dividends.
  • Debt has declined from prior-year levels: Short-term debt, long-term debt and capital lease obligations totaled approximately $127.5 million at June 30, 2026, down from roughly $134.7 million at June 30, 2025.
  • Quarterly performance is volatile: Q1 2026 net income fell to $1.3 million from $4.9 million in Q1 2025 before the substantial Q2 recovery, indicating that seasonality or product mix can significantly affect results.
  • Working capital remains demanding: Inventory and receivables increased from Q1 2026, while operating working capital consumed $9.5 million of cash in Q2.
  • Very limited cash reserves: Cash and equivalents were just $2.6 million at quarter-end, leaving the company reliant on inventory turnover, collections and financing availability to support operations.
  • Leverage and capital needs remain risks: Rocky Brands spent $3.7 million on capital expenditures in Q2 while also repaying and reissuing more than $10 million of debt, and intangible assets and goodwill represented approximately $149.4 million of assets.
10/15/26 12:34 AM ETAI Generated. May Contain Errors.

Rocky Brands Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Rocky Brands' fiscal year ends in December. Their fiscal 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. Find out what analysts predict for Rocky Brands in the coming months.

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%.

In the past 11 quarters, Rocky Brands' cash and equivalents has ranged from $1.67 million in Q1 2026 to $4.24 million in Q3 2023, and is currently $2.63 million as of their latest financial filing in Q2 2026.

Rocky Brands had total debt of $124.37 million at the end of 2025, a 6.0% decrease from 2024, and a 424.8% increase since 2015.

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 8/4/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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