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 Nov 4, 2026, 11:12 UTC 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
Sep '26	$139M	$13M	45.0%	13.1%	4.6%	2.5%	$6M	$116M	$2M
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

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 17.6× (Nov '26).
The price-to-sales ratio has risen from 0.3× (Mar '23) to 0.8× (Nov '26).
The dividend yield has fallen from 2.6% (Mar '23) to 1.2% (Nov '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?

ROCKY BRANDS, INC.'s P/E (TTM) is 11.37 as of the 2026-11-03 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the RCKY stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 17.6× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.