ROCKY BRANDS, INC. RCKY
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.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by segment
- Wholesale
- Retail
- Contract Manufacturing
| Segment | FY2025 | FY2024 |
|---|---|---|
| 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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 2.98 | 1.53 | 1.42 | 2.80 | 2.82 | 2.87 | 2.36 | 1.96 | 1.29 | -0.29 |
| EPS, diluted | 2.96 | 1.52 | 1.41 | 2.78 | 2.77 | 2.86 | 2.35 | 1.95 | 1.29 | -0.29 |
| Shares, diluted (wtd. avg.) | 7.5M | 7.5M | 7.4M | 7.4M | 7.4M | 7.3M | 7.4M | 7.5M | 7.5M | 7.5M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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.
Others in SIC 3140
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