RCKY Financials ROCKY BRANDS, INC.

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 42 d ago Overview →

Growth & profitability

Revenue has grown 11.7% per year over the past 5 years.
Net income has grown slower than revenue (1.2% vs 11.7% per year).
Operating margin has contracted, at 7.7% in the latest year.
Free cash flow has declined 13.2% per year over the past 5 years.

Financial health

Total debt ($123M) exceeds cash ($3M); net debt is $120M.
Total debt is 2.6× EBITDA.

Shareholder returns

Dividends have been paid for 11 consecutive years, consuming 20.8% of earnings and 47.7% of free cash flow.
The dividend has grown 2.5% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$482M	$22M	40.9%	7.7%	8.8%	4.7%	$10M	$123M	$3M
2024	$454M	$11M	39.4%	6.8%	4.9%	2.5%	$48M	$129M	$4M
2023	$462M	$10M	38.7%	7.7%	4.7%	2.2%	$70M	$173M	$4M
2022	$615M	$20M	36.6%	7.2%	9.5%	3.5%	$12M	$257M	$6M
2021	$514M	$21M	37.8%	7.0%	10.4%	3.3%	-$76M	$270M	$6M
2020	$277M	$21M	37.8%	9.8%	11.7%	9.2%	$20M	$0	$28M
2019	$270M	$17M	36.1%	8.2%	10.6%	8.5%	$10M	—	$16M
2018	$253M	$15M	34.4%	7.1%	9.6%	7.9%	$13M	—	$10M
2017	$253M	$10M	31.9%	4.7%	6.8%	5.5%	$13M	$2M	$4M
2016	—	-$2M	—	—	-1.6%	-1.2%	$15M	$15M	$4M
2015	—	$7M	—	—	4.6%	3.4%	$15M	$24M	$3M
2014	—	$10M	—	—	7.1%	4.6%	$6M	$36M	$5M
2013	—	$7M	—	—	5.6%	3.7%	-$10M	$38M	$4M
2012	—	$9M	—	—	7.0%	5.1%	$12M	$23M	$4M
2011	—	$8M	—	—	7.1%	4.8%	-$1M	$35M	$4M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Jun '26	$118M	$14M	51.4%	16.6%	5.3%	2.8%	$4M	$122M	$3M
Mar '26	$124M	$1M	36.5%	2.9%	0.5%	0.3%	$744000	$122M	$2M
Dec '25	$140M	$7M	41.3%	6.9%	2.6%	1.4%	$17M	$123M	$3M
Sep '25	$123M	$7M	40.2%	9.6%	2.9%	1.5%	-$5M	$139M	$3M
Jun '25	$106M	$4M	41.0%	6.8%	1.5%	0.8%	-$2M	$133M	$3M
Mar '25	$114M	$5M	41.2%	7.6%	2.1%	1.1%	$529000	$129M	$3M
Dec '24	$128M	$5M	41.5%	6.6%	2.1%	1.0%	$23M	$129M	$4M
Sep '24	$115M	$5M	38.1%	8.8%	2.3%	1.1%	$3M	$150M	$4M
Jun '24	$98M	-$1M	38.7%	4.6%	-0.6%	-0.3%	$5M	$152M	$4M
Mar '24	$113M	$3M	39.1%	7.1%	1.1%	0.5%	$17M	$156M	$3M
Dec '23	$126M	$7M	40.3%	11.7%	3.0%	1.4%	$41M	$173M	$4M
Sep '23	$126M	$7M	37.0%	11.4%	3.1%	1.3%	$10M	$214M	$4M
Jun '23	$100M	-$3M	37.6%	2.2%	-1.3%	-0.5%	-$2M	$222M	$3M
Mar '23	$110M	-$398000	39.6%	3.8%	-0.2%	-0.1%	$20M	$220M	$5M
Dec '22	$139M	$7M	40.8%	9.8%	3.0%	1.1%	$27M	$257M	$6M
Sep '22	$147M	$6M	35.2%	7.9%	2.7%	0.9%	-$3M	$285M	$7M
Jun '22	$162M	$920000	33.2%	3.5%	0.4%	0.1%	-$25M	$285M	$6M
Mar '22	$167M	$7M	37.6%	7.9%	3.6%	1.1%	$13M	$268M	$15M
Dec '21	$169M	$13M	37.3%	10.7%	6.3%	2.0%	-$32M	$270M	$6M
Sep '21	$126M	-$375000	37.4%	2.2%	-0.2%	-0.1%	-$46M	$239M	$13M

Valuation over time

How the market has priced RCKY against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 8.5× (Mar '23) to 14.7× (Sep '26).
The price-to-sales ratio has risen from 0.3× (Mar '23) to 0.7× (Sep '26).
The dividend yield has fallen from 2.6% (Mar '23) to 1.4% (Sep '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is RCKY growing its revenue and profit?

Over the past 5 years, ROCKY BRANDS, INC.'s revenue has grown 11.7% per year, and net income grown 1.2% per year. These are computed facts, not advice.

How much debt does RCKY have?

As of FY2025, ROCKY BRANDS, INC. reported $123M of total debt against $3M of cash.

What is RCKY's profit margin?

In FY2025, gross margin was 40.9%, operating margin 7.7%, and net margin 4.6%.

What is RCKY's P/E ratio?

As of Sep '26, ROCKY BRANDS, INC. traded at a price-to-earnings ratio of about 14.7× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.