Rocky Brands Inc Financials
This page shows Rocky Brands Inc (RCKY) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Rocky Brands Inc has an operating margin of 6.9%, meaning the company retains $7 of operating profit per $100 of revenue. This results in a moderate score of 34/100, indicating healthy but not exceptional operating efficiency. This is down from 7.7% the prior year.
Rocky Brands Inc's revenue declined 1.7% year-over-year, from $461.8M to $453.8M. This contraction results in a growth score of 24/100.
Rocky Brands Inc carries a low D/E ratio of 0.52, meaning only $0.52 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 92/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 2.73, Rocky Brands Inc holds $2.73 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 89/100.
Rocky Brands Inc has a free cash flow margin of 10.6%, earning a moderate score of 53/100. The company generates positive cash flow after capital investments, but with room for improvement.
Rocky Brands Inc generates a 4.9% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 20/100. This is up from 4.7% the prior year.
Rocky Brands Inc scores 2.78, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
Rocky Brands Inc passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Rocky Brands Inc generates $4.63 in operating cash flow ($52.8M OCF vs $11.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Rocky Brands Inc earns $1.8 in operating income for every $1 of interest expense ($31.1M vs $17.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Rocky Brands Inc generated $453.8M in revenue in fiscal year 2024. This represents a decrease of 1.7% from the prior year.
Rocky Brands Inc's EBITDA was $41.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 10.8% from the prior year.
Rocky Brands Inc generated $48.1M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 30.9% from the prior year.
Rocky Brands Inc reported $11.4M in net income in fiscal year 2024. This represents an increase of 9.2% from the prior year.
Rocky Brands Inc earned $1.52 per diluted share (EPS) in fiscal year 2024. This represents an increase of 7.8% from the prior year.
Rocky Brands Inc held $3.7M in cash against $120.4M in long-term debt as of fiscal year 2024.
Rocky Brands Inc paid $0.62 per share in dividends in fiscal year 2024. This represents an increase of 0.0% from the prior year.
Rocky Brands Inc had 7M shares outstanding in fiscal year 2024. This represents an increase of 0.6% from the prior year.
Rocky Brands Inc's gross margin was 39.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 0.8 percentage points from the prior year.
Rocky Brands Inc's operating margin was 6.9% in fiscal year 2024, reflecting core business profitability. This is down 0.8 percentage points from the prior year.
Rocky Brands Inc's net profit margin was 2.5% in fiscal year 2024, showing the share of revenue converted to profit. This is up 0.3 percentage points from the prior year.
Rocky Brands Inc's ROE was 4.9% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 0.2 percentage points from the prior year.
Rocky Brands Inc invested $4.7M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 19.0% from the prior year.
RCKY Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $122.5M+16.0% | $105.6M-7.4% | $114.1M-10.9% | $128.1M+11.8% | $114.6M+16.6% | $98.3M-13.0% | $112.9M-10.4% | $126.0M |
| Cost of Revenue | $73.3M+17.5% | $62.4M-7.0% | $67.1M-10.4% | $74.9M+5.6% | $70.9M+17.7% | $60.2M-12.4% | $68.8M-8.6% | $75.2M |
| Gross Profit | $49.3M+13.9% | $43.3M-7.9% | $47.0M-11.6% | $53.2M+21.8% | $43.6M+14.7% | $38.0M-13.8% | $44.1M-13.0% | $50.7M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $19.4M-3.4% | $20.0M-2.3% | $20.5M+11.5% | $18.4M+0.3% | $18.3M+5.2% | $17.4M+1.6% | $17.2M-12.6% | $19.6M |
| Operating Income | $11.7M+64.0% | $7.2M-17.8% | $8.7M+2.4% | $8.5M-15.6% | $10.1M+123.4% | $4.5M-43.5% | $8.0M-45.8% | $14.7M |
| Interest Expense | -$253K-12.3% | -$225K-3.0% | -$219K-118.8% | $1.2M+682.3% | -$200K-36.0% | -$147K-13.6% | -$130K-219.1% | $109K |
| Income Tax | $2.0M+97.3% | $1.0M-27.0% | $1.4M+113.5% | $660K-59.1% | $1.6M+524.2% | -$380K-148.8% | $779K-71.7% | $2.7M |
| Net Income | $7.2M+99.9% | $3.6M-27.0% | $4.9M+2.9% | $4.8M-9.1% | $5.3M+524.7% | -$1.2M-148.7% | $2.5M-62.0% | $6.7M |
| EPS (Diluted) | $0.96+100.0% | $0.48-27.3% | $0.66+1.5% | $0.65-7.1% | $0.70+511.8% | $-0.17-150.0% | $0.34-62.2% | $0.90 |
RCKY Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $494.0M+4.9% | $471.0M+0.6% | $468.2M+2.4% | $457.3M-3.7% | $475.0M+1.5% | $467.9M+0.3% | $466.5M-2.7% | $479.4M |
| Current Assets | $285.3M+9.1% | $261.5M+1.1% | $258.7M+5.0% | $246.4M-4.5% | $258.1M+3.6% | $249.2M+0.7% | $247.3M-4.2% | $258.2M |
| Cash & Equivalents | $3.3M+19.4% | $2.8M+8.7% | $2.6M-31.2% | $3.7M+0.4% | $3.7M-9.8% | $4.1M+34.3% | $3.1M-31.6% | $4.5M |
| Inventory | $193.6M+3.6% | $186.8M+6.5% | $175.5M+5.3% | $166.7M-3.0% | $171.8M-1.8% | $175.0M+6.0% | $165.1M-2.4% | $169.2M |
| Accounts Receivable | $82.6M+24.4% | $66.4M-10.9% | $74.5M+3.4% | $72.0M-6.7% | $77.1M+22.5% | $63.0M-10.9% | $70.7M-8.3% | $77.0M |
| Goodwill | $47.8M0.0% | $47.8M0.0% | $47.8M0.0% | $47.8M0.0% | $47.8M0.0% | $47.8M0.0% | $47.8M0.0% | $47.8M |
| Total Liabilities | $247.9M+6.9% | $232.0M0.0% | $232.0M+3.1% | $225.1M-8.8% | $246.8M+1.1% | $244.1M+1.2% | $241.2M-5.7% | $255.8M |
| Current Liabilities | $104.2M+9.9% | $94.8M-3.4% | $98.1M+8.5% | $90.4M-2.1% | $92.4M+6.3% | $86.8M+16.2% | $74.7M+4.5% | $71.5M |
| Long-Term Debt | $130.7M+5.2% | $124.2M+3.3% | $120.3M-0.1% | $120.4M-15.2% | $141.9M-1.5% | $144.1M-6.0% | $153.3M-10.1% | $170.5M |
| Total Equity | $246.1M+2.9% | $239.1M+1.2% | $236.2M+1.7% | $232.2M+1.7% | $228.3M+2.0% | $223.8M-0.7% | $225.3M+0.8% | $223.6M |
| Retained Earnings | $170.6M+3.7% | $164.6M+1.5% | $162.1M+2.4% | $158.4M+2.4% | $154.7M+2.7% | $150.6M-1.6% | $153.0M+0.9% | $151.6M |
RCKY Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$3.3M-509.9% | $812K-34.0% | $1.2M-95.0% | $24.4M+442.4% | $4.5M-30.5% | $6.5M-62.8% | $17.4M-59.0% | $42.4M |
| Capital Expenditures | $1.8M-42.1% | $3.2M+352.4% | $701K-53.0% | $1.5M+43.6% | $1.0M-43.8% | $1.9M+560.7% | $280K-71.6% | $987K |
| Free Cash Flow | -$5.2M-118.9% | -$2.4M-545.9% | $529K-97.7% | $22.9M+562.4% | $3.5M-25.2% | $4.6M-73.0% | $17.1M-58.7% | $41.5M |
| Investing Cash Flow | -$1.8M+42.1% | -$3.2M-352.4% | -$701K+53.0% | -$1.5M-43.6% | -$1.0M-558.2% | -$158K+41.9% | -$272K+72.4% | -$987K |
| Financing Cash Flow | $5.7M+121.0% | $2.6M+252.6% | -$1.7M+92.6% | -$22.9M-493.0% | -$3.9M+26.7% | -$5.3M+71.6% | -$18.5M+55.0% | -$41.2M |
| Dividends Paid | $1.2M+0.3% | $1.2M0.0% | $1.2M0.0% | $1.2M+0.1% | $1.2M+0.3% | $1.2M+0.2% | $1.1M+0.5% | $1.1M |
| Share Buybacks | $0 | $0-100.0% | $201K | N/A | $0 | $0 | $0-100.0% | $116K |
RCKY Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 40.2%-0.8pp | 41.0%-0.2pp | 41.2%-0.3pp | 41.5%+3.4pp | 38.1%-0.6pp | 38.7%-0.4pp | 39.1%-1.2pp | 40.3% |
| Operating Margin | 9.6%+2.8pp | 6.8%-0.9pp | 7.6%+1.0pp | 6.6%-2.2pp | 8.8%+4.2pp | 4.6%-2.5pp | 7.1%-4.6pp | 11.7% |
| Net Margin | 5.9%+2.5pp | 3.4%-0.9pp | 4.3%+0.6pp | 3.8%-0.9pp | 4.6%+5.9pp | -1.3%-3.5pp | 2.3%-3.1pp | 5.3% |
| Return on Equity | 2.9%+1.4pp | 1.5%-0.6pp | 2.1%+0.0pp | 2.1%-0.2pp | 2.3%+0.3pp | 2.0%+0.9pp | 1.1%-1.9pp | 3.0% |
| Return on Assets | 1.5%+0.7pp | 0.8%-0.3pp | 1.1%0.0pp | 1.1%-0.1pp | 1.1%+1.4pp | -0.3%-0.8pp | 0.5%-0.9pp | 1.4% |
| Current Ratio | 2.74-0.0 | 2.76+0.1 | 2.64-0.1 | 2.73-0.1 | 2.79-0.1 | 2.87-0.4 | 3.31-0.3 | 3.61 |
| Debt-to-Equity | 0.53+0.0 | 0.52+0.0 | 0.510.0 | 0.52-0.1 | 0.62-0.0 | 0.64-0.0 | 0.68-0.1 | 0.76 |
| FCF Margin | -4.2%-2.0pp | -2.2%-2.7pp | 0.5%-17.4pp | 17.9%+14.9pp | 3.0%-1.7pp | 4.7%-10.5pp | 15.2%-17.8pp | 32.9% |
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Frequently Asked Questions
What is Rocky Brands Inc's annual revenue?
Rocky Brands Inc (RCKY) reported $453.8M in total revenue for fiscal year 2024. This represents a -1.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Rocky Brands Inc's revenue growing?
Rocky Brands Inc (RCKY) revenue declined by 1.7% year-over-year, from $461.8M to $453.8M in fiscal year 2024.
Is Rocky Brands Inc profitable?
Yes, Rocky Brands Inc (RCKY) reported a net income of $11.4M in fiscal year 2024, with a net profit margin of 2.5%.
What is Rocky Brands Inc's earnings per share (EPS)?
Rocky Brands Inc (RCKY) reported diluted earnings per share of $1.52 for fiscal year 2024. This represents a 7.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Rocky Brands Inc's EBITDA?
Rocky Brands Inc (RCKY) had EBITDA of $41.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Rocky Brands Inc have?
As of fiscal year 2024, Rocky Brands Inc (RCKY) had $3.7M in cash and equivalents against $120.4M in long-term debt.
What is Rocky Brands Inc's gross margin?
Rocky Brands Inc (RCKY) had a gross margin of 39.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Rocky Brands Inc's operating margin?
Rocky Brands Inc (RCKY) had an operating margin of 6.9% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Rocky Brands Inc's net profit margin?
Rocky Brands Inc (RCKY) had a net profit margin of 2.5% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Rocky Brands Inc pay dividends?
Yes, Rocky Brands Inc (RCKY) paid $0.62 per share in dividends during fiscal year 2024.
What is Rocky Brands Inc's return on equity (ROE)?
Rocky Brands Inc (RCKY) has a return on equity of 4.9% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Rocky Brands Inc's free cash flow?
Rocky Brands Inc (RCKY) generated $48.1M in free cash flow during fiscal year 2024. This represents a -30.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Rocky Brands Inc's operating cash flow?
Rocky Brands Inc (RCKY) generated $52.8M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Rocky Brands Inc's total assets?
Rocky Brands Inc (RCKY) had $457.3M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Rocky Brands Inc's capital expenditures?
Rocky Brands Inc (RCKY) invested $4.7M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How many shares does Rocky Brands Inc have outstanding?
Rocky Brands Inc (RCKY) had 7M shares outstanding as of fiscal year 2024.
What is Rocky Brands Inc's current ratio?
Rocky Brands Inc (RCKY) had a current ratio of 2.73 as of fiscal year 2024, which is generally considered healthy.
What is Rocky Brands Inc's debt-to-equity ratio?
Rocky Brands Inc (RCKY) had a debt-to-equity ratio of 0.52 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Rocky Brands Inc's return on assets (ROA)?
Rocky Brands Inc (RCKY) had a return on assets of 2.5% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Rocky Brands Inc's Altman Z-Score?
Rocky Brands Inc (RCKY) has an Altman Z-Score of 2.78, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Rocky Brands Inc's Piotroski F-Score?
Rocky Brands Inc (RCKY) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Rocky Brands Inc's earnings high quality?
Rocky Brands Inc (RCKY) has an earnings quality ratio of 4.63x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Rocky Brands Inc cover its interest payments?
Rocky Brands Inc (RCKY) has an interest coverage ratio of 1.8x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Rocky Brands Inc?
Rocky Brands Inc (RCKY) scores 52 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.