ROCKY BRANDS, INC. RCKY

Industrials SIC 3140 - Footwear, (No Rubber) NAICS Manufacturing › Leather and Allied Product Manufacturing › Footwear Manufacturing derived Nasdaq

We are a leading designer, manufacturer and marketer of premium quality footwear and apparel marketed under a portfolio of well recognized brand names, including The Original Muck Boot Company ("Muck"), XTRATUF, Rocky, Durango, Georgia Boot, Lehigh CustomFit ("Lehigh"), Ranger, and the licensed brand Michelin. Our brands have a long history of representing high quality, comfortable, functional, and durable footwear and our products are organized around six target markets: work, outdoor, western, commercial military, duty, and military. Our footwear products incorporate varying features and are positioned across a range of suggested retail price points from $45.00 for our value priced products to $680.00 for our premium products. In addition, as part of our strategy of outfitting consumers from head-to-toe, we market complementary branded apparel and accessories that we believe leverage the strength and positioning of each of our brands.

Last close 46.84 2026-10-23
Market cap $350.9M 2026-06-30 share count
52-week range 27.22 - 53.01

Valuation FY2025 figures against the last close

P/S0.7x
P/E15.8x
P/FCF36.1x
EV/EBITDA10.0x
Dividend yield1.3%
Diluted EPS2.96

Where the revenue comes from as reported in the latest 10-K

Revenue by segment

  • Wholesale
  • Retail
  • Contract Manufacturing
Revenue by segment, 3 categories over 2 years. The same figures are in the table below. FY2025 Wholesale, FY2025: 316.6M (65.7%) 66% Wholesale Retail, FY2025: 152.9M (31.7%) 32% Retail Contract Manufacturing, FY2025: 12.5M (2.6%) FY2024 Wholesale, FY2024: 313.3M (69.1%) 69% Retail, FY2024: 126.9M (28.0%) 28% Contract Manufacturing, FY2024: 13.6M (3.0%)
Segment FY2025FY2024
Wholesale $316.6M $313.3M
Retail $152.9M $126.9M
Contract Manufacturing $12.5M $13.6M

As the company reported it, from the “Note 16 - Segment Information - Product Group Information (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $482.0M$453.8M$461.8M$615.5M$514.2M$277.3M$270.4M$252.7M$253.2M$260.3M
Cost of revenue $284.7M$274.8M$283.2M$390.3M$319.7M$172.6M$172.7M$165.7M$172.4M$183.5M
Gross profit $197.3M$179.0M$178.6M$225.2M$194.5M$104.7M$97.7M$87.0M$80.8M$76.7M
SG&A ————————$68.9M$75.6M
Total operating expenses $160.1M$147.9M$143.2M$181.2M$158.6M$77.6M$75.6M$69.0M$68.9M$79.8M
Operating income $37.2M$31.1M$35.4M$44.0M$36.0M$27.2M$22.1M$18.1M$11.8M-$3.1M
Interest expense ————————$389.6K$616.6K
Pre-tax income $27.2M$14.1M$14.2M$25.8M$25.4M$27.0M$22.2M$17.9M$9.4M-$3.6M
Income tax $4.9M$2.7M$3.7M$5.3M$4.8M$6.0M$4.8M$3.3M$225.0K$1.5M
Net income $22.3M$11.4M$10.4M$20.5M$20.6M$21.0M$17.5M$14.6M$9.6M-$2.1M
EPS, basic 2.981.531.422.802.822.872.361.961.29-0.29
EPS, diluted 2.961.521.412.782.772.862.351.951.29-0.29
Shares, diluted (wtd. avg.) 7.5M7.5M7.4M7.4M7.4M7.3M7.4M7.5M7.5M7.5M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $2.9M$3.7M$4.5M$5.7M$5.9M$28.4M$15.5M$10.2M$3.7M$4.5M
Receivables $77.1M$72.0M$77.0M$95.0M$126.8M$48.0M$45.6M$43.3M$45.0M$40.8M
Inventory $181.1M$166.7M$169.2M$235.4M$232.5M$77.6M$76.7M$72.8M$65.6M$69.2M
Total current assets $270.7M$246.4M$258.2M$341.0M$375.3M$163.2M$146.1M$131.2M$119.2M$118.8M
Property, plant and equipment $49.9M$49.7M$52.0M$57.4M$60.0M$33.8M$27.4M$23.1M$23.8M$26.5M
Goodwill $47.8M$47.8M$47.8M$50.2M$50.2M$0————
Other intangibles $103.0M$105.8M$112.6M$121.8M$126.3M$30.2M$30.2M$30.3M$30.3M$33.4M
Total assets $477.5M$457.3M$479.4M$582.4M$624.6M$229.1M$205.8M$184.7M$173.5M$178.9M
Accounts payable $53.0M$58.1M$49.8M$69.7M$114.6M$20.1M$15.8M$13.5M$13.0M$11.6M
Short-term debt $8.4M$8.4M$2.6M$3.2M$3.2M$0————
Total current liabilities $96.1M$90.4M$71.5M$96.3M$140.1M$40.0M$31.5M$25.0M$20.0M$17.7M
Long-term debt $114.3M$120.4M$170.5M$253.6M$266.8M$0——$2.2M$14.6M
Total liabilities $225.4M$225.1M$255.8M$366.9M$426.7M$49.6M$41.2M$33.1M$32.4M$43.8M
Retained earnings $176.0M$158.4M$151.6M$145.7M$129.8M$113.5M$96.7M———
Total equity $252.1M$232.2M$223.6M$215.5M$197.9M$179.5M$164.7M$151.6M$141.1M$135.1M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $16.3M$52.8M$73.6M$19.1M-$54.9M$31.4M$18.1M$17.6M$17.1M$21.3M
Depreciation and amortisation $9.8M$10.3M$10.9M$12.3M$11.3M$5.2M$5.0M$5.4M$6.5M$7.7M
Stock-based compensation $1.6M$1.3M$1.2M$1.2M$1.3M$780.0K$662.0K$588.0K$356.0K$359.4K
Capital expenditure $6.6M$4.7M$3.9M$6.7M$21.1M$11.7M$7.7M$4.2M$4.3M$5.9M
Investing cash flow -$6.2M-$3.0M$13.4M-$1.2M-$233.5M-$11.7M-$7.7M-$4.2M-$1.6M-$5.9M
Financing cash flow -$10.9M-$50.6M-$88.2M-$18.1M$265.9M-$6.9M-$5.0M-$6.9M-$16.3M-$14.4M
Dividends paid $4.6M$4.6M$4.6M$4.5M$4.3M$4.1M$4.0M$3.5M$3.3M$3.3M
Buybacks $201.0K$0—$0$0$2.9M$1.5M$1.3M$688.0K$2.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-013668.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -200M 0 200M 400M 600M 800M Revenue, FY2016: 260.3M Gross profit, FY2016: 76.7M Net income, FY2016: -2.1M Revenue, FY2017: 253.2M Gross profit, FY2017: 80.8M Net income, FY2017: 9.6M Revenue, FY2018: 252.7M Gross profit, FY2018: 87M Net income, FY2018: 14.6M Revenue, FY2019: 270.4M Gross profit, FY2019: 97.7M Net income, FY2019: 17.5M Revenue, FY2020: 277.3M Gross profit, FY2020: 104.7M Net income, FY2020: 21M Revenue, FY2021: 514.2M Gross profit, FY2021: 194.5M Net income, FY2021: 20.6M Revenue, FY2022: 615.5M Gross profit, FY2022: 225.2M Net income, FY2022: 20.5M Revenue, FY2023: 461.8M Gross profit, FY2023: 178.6M Net income, FY2023: 10.4M Revenue, FY2024: 453.8M Gross profit, FY2024: 179M Net income, FY2024: 11.4M Revenue, FY2025: 482M Gross profit, FY2025: 197.3M Net income, FY2025: 22.3M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $260.3M $253.2M $252.7M $270.4M $277.3M $514.2M $615.5M $461.8M $453.8M $482.0M
Gross profit $76.7M $80.8M $87.0M $97.7M $104.7M $194.5M $225.2M $178.6M $179.0M $197.3M
Net income -$2.1M $9.6M $14.6M $17.5M $21.0M $20.6M $20.5M $10.4M $11.4M $22.3M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Other event Item 8.01
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Shareholder vote Item 5.07
  • Results announced Item 2.02
  • Annual report filed Form 10-K

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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