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 17 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).
Rocky Brands’ profit rebound is being driven by margin recovery and lower interest costs, while working capital is absorbing cash again.
Over two years, debt reduction cut interest expense from$22.7M to$10.0M , materially changing how much operating profit reaches shareholders. In the latest year, net income rose even as operating cash flow fell from$52.8M to$16.3M , meaning the earnings rebound came from a lighter financing burden and better margins, not from cash arriving faster.
The balance sheet looks liquid on paper, but that liquidity sits mostly in inventory and receivables rather than cash. With cash at only
Over the last two years, long-term debt fell from
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Rocky Brands Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Rocky Brands Inc has an operating margin of 7.7%, meaning the company retains $8 of operating profit per $100 of revenue. This strong profitability earns a score of 74/100, reflecting efficient cost management and pricing power. This is up from 6.9% the prior year.
Rocky Brands Inc's revenue grew 6.2% year-over-year to $482.0M, a solid pace of expansion. This earns a growth score of 39/100.
Rocky Brands Inc has elevated debt relative to equity (D/E of 0.45), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 26/100, reflecting increased financial risk.
With a current ratio of 2.82, Rocky Brands Inc holds $2.82 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 74/100.
Rocky Brands Inc has a free cash flow margin of 2.0%, earning a moderate score of 58/100. The company generates positive cash flow after capital investments, but with room for improvement.
Rocky Brands Inc earns a strong 8.8% return on equity (ROE), meaning it generates $9 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 74/100. This is up from 4.9% the prior year.
Rocky Brands Inc scores 3.03, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Rocky Brands Inc passes 7 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Rocky Brands Inc generates $0.73 in operating cash flow ($16.3M OCF vs $22.3M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Rocky Brands Inc earns $3.7 in operating income for every $1 of interest expense ($37.2M vs $10.0M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Rocky Brands Inc generated $482.0M in revenue in fiscal year 2025. This represents an increase of 6.2% from the prior year.
Rocky Brands Inc's EBITDA was $47.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 13.8% from the prior year.
Rocky Brands Inc reported $22.3M in net income in fiscal year 2025. This represents an increase of 95.6% from the prior year.
Rocky Brands Inc earned $2.96 per diluted share (EPS) in fiscal year 2025. This represents an increase of 94.7% from the prior year.
Cash & Balance Sheet
Rocky Brands Inc generated $9.7M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 79.8% from the prior year.
Rocky Brands Inc held $2.9M in cash against $114.3M in long-term debt as of fiscal year 2025.
Rocky Brands Inc paid $0.62 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.
Rocky Brands Inc had 8M shares outstanding in fiscal year 2025. This represents an increase of 0.7% from the prior year.
Margins & Returns
Rocky Brands Inc's gross margin was 40.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 1.5 percentage points from the prior year.
Rocky Brands Inc's operating margin was 7.7% in fiscal year 2025, reflecting core business profitability. This is up 0.9 percentage points from the prior year.
Rocky Brands Inc's net profit margin was 4.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 2.1 percentage points from the prior year.
Rocky Brands Inc's ROE was 8.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 3.9 percentage points from the prior year.
Capital Allocation
Rocky Brands Inc spent $201K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
Rocky Brands Inc invested $6.6M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 41.0% from the prior year.
RCKY Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $124.4M-11.0% | $139.7M+14.0% | $122.5M+16.0% | $105.6M-7.4% | $114.1M-10.9% | $128.1M+11.8% | $114.6M+16.6% | $98.3M |
| Cost of Revenue | $79.0M-3.7% | $82.0M+11.9% | $73.3M+17.5% | $62.4M-7.0% | $67.1M-10.4% | $74.9M+5.6% | $70.9M+17.7% | $60.2M |
| Gross Profit | $45.4M-21.3% | $57.7M+17.1% | $49.3M+13.9% | $43.3M-7.9% | $47.0M-11.6% | $53.2M+21.8% | $43.6M+14.7% | $38.0M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | $3.6M-62.1% | $9.6M-18.3% | $11.7M+64.0% | $7.2M-17.8% | $8.7M+2.4% | $8.5M-15.6% | $10.1M+123.4% | $4.5M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $342K-21.9% | $438K-78.4% | $2.0M+97.3% | $1.0M-27.0% | $1.4M+113.5% | $660K-59.1% | $1.6M+524.2% | -$380K |
| Net Income | $1.3M-80.7% | $6.5M-9.7% | $7.2M+99.9% | $3.6M-27.0% | $4.9M+2.9% | $4.8M-9.1% | $5.3M+524.7% | -$1.2M |
| EPS (Diluted) | $0.17 | N/A | $0.96+100.0% | $0.48-27.3% | $0.66 | N/A | $0.70+511.8% | $-0.17 |
RCKY Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $477.2M-0.1% | $477.5M-3.3% | $494.0M+4.9% | $471.0M+0.6% | $468.2M+2.4% | $457.3M-3.7% | $475.0M+1.5% | $467.9M |
| Current Assets | $266.8M-1.5% | $270.7M-5.1% | $285.3M+9.1% | $261.5M+1.1% | $258.7M+5.0% | $246.4M-4.5% | $258.1M+3.6% | $249.2M |
| Cash & Equivalents | $1.7M-42.6% | $2.9M-12.6% | $3.3M+19.4% | $2.8M+8.7% | $2.6M-31.2% | $3.7M+0.4% | $3.7M-9.8% | $4.1M |
| Inventory | $172.6M-4.7% | $181.1M-6.4% | $193.6M+3.6% | $186.8M+6.5% | $175.5M+5.3% | $166.7M-3.0% | $171.8M-1.8% | $175.0M |
| Accounts Receivable | $81.6M+5.9% | $77.1M-6.7% | $82.6M+24.4% | $66.4M-10.9% | $74.5M+3.4% | $72.0M-6.7% | $77.1M+22.5% | $63.0M |
| 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 | $224.6M-0.3% | $225.4M-9.1% | $247.9M+6.9% | $232.0M0.0% | $232.0M+3.1% | $225.1M-8.8% | $246.8M+1.1% | $244.1M |
| Current Liabilities | $91.9M-4.4% | $96.1M-7.7% | $104.2M+9.9% | $94.8M-3.4% | $98.1M+8.5% | $90.4M-2.1% | $92.4M+6.3% | $86.8M |
| Long-Term Debt | $113.8M-0.4% | $114.3M-12.6% | $130.7M+5.2% | $124.2M+3.3% | $120.3M-0.1% | $120.4M-15.2% | $141.9M-1.5% | $144.1M |
| Total Equity | $252.5M+0.2% | $252.1M+2.4% | $246.1M+2.9% | $239.1M+1.2% | $236.2M+1.7% | $232.2M+1.7% | $228.3M+2.0% | $223.8M |
| Retained Earnings | $176.1M+0.1% | $176.0M+3.1% | $170.6M+3.7% | $164.6M+1.5% | $162.1M+2.4% | $158.4M+2.4% | $154.7M+2.7% | $150.6M |
RCKY Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.9M-89.3% | $17.6M+628.4% | -$3.3M-509.9% | $812K-34.0% | $1.2M-95.0% | $24.4M+442.4% | $4.5M-30.5% | $6.5M |
| Capital Expenditures | $1.1M+31.7% | $867K-52.8% | $1.8M-42.1% | $3.2M+352.4% | $701K-53.0% | $1.5M+43.6% | $1.0M-43.8% | $1.9M |
| Free Cash Flow | $744K-95.5% | $16.7M+423.7% | -$5.2M-118.9% | -$2.4M-545.9% | $529K-97.7% | $22.9M+562.4% | $3.5M-25.2% | $4.6M |
| Investing Cash Flow | -$1.1M-130.7% | -$495K+73.1% | -$1.8M+42.1% | -$3.2M-352.4% | -$701K+53.0% | -$1.5M-43.6% | -$1.0M-558.2% | -$158K |
| Financing Cash Flow | -$2.0M+88.7% | -$17.5M-406.9% | $5.7M+121.0% | $2.6M+252.6% | -$1.7M+92.6% | -$22.9M-493.0% | -$3.9M+26.7% | -$5.3M |
| Dividends Paid | $1.2M+0.5% | $1.2M+0.3% | $1.2M+0.3% | $1.2M0.0% | $1.2M0.0% | $1.2M+0.1% | $1.2M+0.3% | $1.2M |
| Share Buybacks | $0 | $0 | $0 | $0-100.0% | $201K | $0 | $0 | $0 |
RCKY Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 36.5%-4.8pp | 41.3%+1.1pp | 40.2%-0.8pp | 41.0%-0.2pp | 41.2%-0.3pp | 41.5%+3.4pp | 38.1%-0.6pp | 38.7% |
| Operating Margin | 2.9%-3.9pp | 6.9%-2.7pp | 9.6%+2.8pp | 6.8%-0.9pp | 7.6%+1.0pp | 6.6%-2.2pp | 8.8%+4.2pp | 4.6% |
| Net Margin | 1.0%-3.7pp | 4.7%-1.2pp | 5.9%+2.5pp | 3.4%-0.9pp | 4.3%+0.6pp | 3.8%-0.9pp | 4.6%+5.9pp | -1.3% |
| Return on Equity | 0.5%-2.1pp | 2.6%-0.3pp | 2.9%+1.4pp | 1.5%-0.6pp | 2.1%+0.0pp | 2.1%-0.2pp | 2.3%+2.9pp | -0.6% |
| Return on Assets | 0.3%-1.1pp | 1.4%-0.1pp | 1.5%+0.7pp | 0.8%-0.3pp | 1.1%0.0pp | 1.1%-0.1pp | 1.1%+1.4pp | -0.3% |
| Current Ratio | 2.90+0.1 | 2.82+0.1 | 2.74-0.0 | 2.76+0.1 | 2.64-0.1 | 2.73-0.1 | 2.79-0.1 | 2.87 |
| Debt-to-Equity | 0.450.0 | 0.45-0.1 | 0.53+0.0 | 0.52+0.0 | 0.510.0 | 0.52-0.1 | 0.62-0.0 | 0.64 |
| FCF Margin | 0.6%-11.4pp | 12.0%+16.2pp | -4.2%-2.0pp | -2.2%-2.7pp | 0.5%-17.4pp | 17.9%+14.9pp | 3.0%-1.7pp | 4.7% |
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Frequently Asked Questions
What is Rocky Brands Inc's annual revenue?
Rocky Brands Inc (RCKY) reported $482.0M in total revenue for fiscal year 2025. This represents a 6.2% 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 grew by 6.2% year-over-year, from $453.8M to $482.0M in fiscal year 2025.
Is Rocky Brands Inc profitable?
Yes, Rocky Brands Inc (RCKY) reported a net income of $22.3M in fiscal year 2025, with a net profit margin of 4.6%.
What is Rocky Brands Inc's EBITDA?
Rocky Brands Inc (RCKY) had EBITDA of $47.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Rocky Brands Inc have?
As of fiscal year 2025, Rocky Brands Inc (RCKY) had $2.9M in cash and equivalents against $114.3M in long-term debt.
What is Rocky Brands Inc's gross margin?
Rocky Brands Inc (RCKY) had a gross margin of 40.9% in fiscal year 2025, 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 7.7% in fiscal year 2025, 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 4.6% in fiscal year 2025, 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 2025.
What is Rocky Brands Inc's return on equity (ROE)?
Rocky Brands Inc (RCKY) has a return on equity of 8.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Rocky Brands Inc's free cash flow?
Rocky Brands Inc (RCKY) generated $9.7M in free cash flow during fiscal year 2025. This represents a -79.8% 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 $16.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Rocky Brands Inc's total assets?
Rocky Brands Inc (RCKY) had $477.5M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Rocky Brands Inc's capital expenditures?
Rocky Brands Inc (RCKY) invested $6.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Rocky Brands Inc's current ratio?
Rocky Brands Inc (RCKY) had a current ratio of 2.82 as of fiscal year 2025, 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 0.45 as of fiscal year 2025, 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 4.7% for fiscal year 2025, 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 3.03, placing it in the Safe Zone (low bankruptcy 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 to 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 0.73x, considered mixed 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 3.7x, meaning it can adequately 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 58 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.