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Rocky Brands, Inc. RCKY R2K

Consumer Cyclical · Footwear & Accessories · United States
https://www.rockybrands.com

Rocky Brands, Inc. designs, manufactures, and markets footwear and apparel in the United States, Canada, the United Kingdom, and internationally. It operates through Wholesale, Retail, and Contract Manufacturing segments. The Wholesale segment offers products, which includes sporting goods stores, outdoor retailers, independent shoe retailers, hardware stores, mass merchants, uniform stores, farm store chains, specialty safety stores, specialty retailers, and online retailers in retail locations through a range of distribution channels. Its Retail segment sells its products direct sales to consumers through its websites comprising rockyboots.com, georgiaboot.com, durangoboot.com, muckbootcompany.com, xtratuf.com, lehighoutfitters.com, lehighsafetyshoes.com, and slipgrips.com; and third-party marketplaces and Rocky Outdoor Gear Stores. The Contract Manufacturing segment include private label sales and sales to customers which are contracted to manufacture a specific footwear product for a customers. This segment also sells to the U.S. Military. It serves industrial and construction workers; hospitality industry workers, such as restaurants or hotels; farmers and ranchers; hunting, fishing, camping, and hiking enthusiasts; law enforcement, security personnel, and postal employees; and for the U.S. military personnel. The company sells its products under the Rocky, Georgia Boot, Durango, Lehigh, Muck, XTRATUF, Ranger, and Michelin brand names. The company was formerly known as William Brooks Shoe Co. Rocky Brands, Inc. was founded in 1932 and is headquartered in Nelsonville, Ohio.

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$38.66
+73.45% 1Y

Market & Price

Market Cap
$291.55M
Current Price
$38.66
High / Low (52W)
$47.59 / $20.63
Beta
2.39

Valuation

Stock P/E
15.65
Industry PE
22.37
Forward P/E
9.45
PEG Ratio
1.17
Book Value
$33.59
Price to Book
1.15
P/S
0.59
EV/EBITDA
9.99
Dividend Yield
1.76%

Profitability & Returns

ROCE
9.75%
ROE
7.61%
ROA
4.25%
Profit Margin
3.78%
Op Margin
2.92%
EPS (Latest Qtr)
$0.17
EPS (TTM)
$2.47

Balance Sheet & Liquidity

Debt/Equity
0.52
Quick Ratio
0.95
Current Ratio
2.90
Debt
$130.47M
Total Assets
$477.49M
Current Assets
$270.72M
Working Capital
$174.58M

Ownership

Promoter Holding
6.41%
Chg in Prom Hold
-
FII / Inst Holding
79.28%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
$420.36M
Total Revenue (TTM)
$492.30M
EBITDA
$42.06M
Free Cash Flow
$4.40M
Operating Cash Flow
$16.95M
Shares Outstanding
7.54M
Gross Margin
39.76%
Payout Ratio
25.10%

Growth (CAGR)

Revenue 5Y
-7.83%
Profit 5Y
2.86%
Revenue (YoY)
9.10%
Earnings (YoY)
-74.70%

PROS

  • Generates positive free cash flow.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

  • Revenue declined at -7.8% CAGR over 5 years.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Consumer Cyclical).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 RCKY Rocky Brands, Inc. R2K 38.66 15.65 $291.55M 1.76% 9.75% 7.61% -7.83% 2.86%
2 AMZN Amazon.com, Inc. NDXSPXAI 270.64 31.65 $2.91T - 16.60% 24.29% 11.73% 984.47%
3 TSLA Tesla, Inc. NDXSPXAI 435.79 399.81 $1.64T - 5.29% 4.90% 5.19% -32.94%
4 HD The Home Depot, Inc. SPX 317.14 22.52 $316.23B 2.94% 28.92% 128.38% 1.52% -6.11%
5 MCD McDonald's Corporation SPX 279.20 23.04 $198.37B 2.66% 22.63% - 5.06% 11.50%
6 TJX The TJX Companies, Inc. SPX 154.75 30.11 $171.12B 1.24% 32.91% 61.25% 6.53% 16.24%
7 BKNG Booking Holdings Inc. NDXSPX 167.43 22.09 $129.74B 0.96% 67.24% - 16.35% 20.90%
8 LOW Lowe's Companies, Inc. SPX 214.36 18.12 $120.26B 2.24% 29.62% - -3.85% 1.11%
9 PDD PDD Holdings Inc. NDX 84.44 8.87 $120.19B - 28.69% 25.40% 49.00% 45.85%
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Quarterly Results

Figures in USD.

Metric Jun 2015Sep 2015Dec 2015Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue -------63.07M58.45M64.67M66.99M61.39M58.21M65.92M67.19M65.93M61.96M67.18M75.34M55.72M56.19M77.78M-------------114.07M105.65M122.54M139.72M124.40M
Cost of Revenue -----------------------------------67.06M62.37M73.26M81.99M78.97M
Gross Profit 22.65M22.12M22.15M18.91M16.26M19.77M21.79M19.75M18.16M19.51M23.35M20.96M19.53M22.40M24.13M22.98M21.44M25.01M28.25M19.32M19.46M29.83M36.12M35.14M49.15M46.96M62.83M53.75M51.93M43.76M37.57M46.54M44.15M38.04M43.65M47.01M43.28M49.28M57.73M45.43M
Operating Expenses -----------------------------------38.30M36.12M37.54M48.13M41.80M
Operating Income 3.25M2.90M--221.00K-2.54M860.54K-2.37M2.26M3.48M-4.23M3.37M5.61M-4.50M3.94M6.99M-1.51M3.10M9.66M-6.58M8.44M2.75M13.20M5.60M11.62M4.16M2.20M14.28M7.98M4.51M10.07M8.71M7.16M11.73M9.59M3.63M
EBITDA -----------------------------------11.09M9.60M14.24M12.11M6.12M
Interest Expense -----------------------------------2.36M2.52M2.49M2.64M2.03M
Pretax Income -----------------------------------6.35M4.64M9.24M6.95M1.60M
Tax Provision -----------------------------------1.41M1.03M2.03M438.00K342.00K
Net Income 2.00M1.80M1.38M-191.45K-1.76M445.63K-634.25K1.50M1.46M2.23M4.40M3.25M2.65M5.04M3.61M3.60M3.16M5.62M5.08M1.19M2.44M7.61M9.72M4.49M3.90M-375.00K7.34M920.00K5.69M-398.00K-2.71M6.83M2.55M-1.24M5.28M4.94M3.61M7.21M6.51M1.26M
Diluted EPS 0.260.240.18-0.03-0.230.06-0.090.200.200.300.590.440.360.670.480.480.420.750.700.160.331.041.330.610.52-0.050.990.120.77-0.05-0.370.930.34-0.170.700.660.480.960.860.17

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue --------253.20M252.69M270.41M--615.48M461.83M453.77M481.98M
Cost of Revenue -------------390.26M283.24M274.76M284.69M
Gross Profit 84.56M89.37M88.30M80.51M83.54M96.36M88.89M76.73M80.77M87.03M97.69M104.73M-225.22M178.60M179.01M197.29M
Operating Expenses -------------181.18M143.23M147.94M160.10M
Operating Income 8.77M17.07M13.17M13.83M11.02M15.76M10.49M-3.06M11.83M18.06M22.09M27.17M-44.04M35.37M31.07M37.19M
EBITDA -------------56.36M46.31M41.32M47.03M
Interest Expense -------------18.27M21.22M17.01M10.01M
Pretax Income -------------25.77M14.15M14.06M27.18M
Tax Provision -------------5.30M3.73M2.67M4.91M
Net Income 1.17M7.68M8.31M8.85M7.37M9.85M6.60M-2.14M9.59M14.55M17.46M20.96M-20.46M10.43M11.39M22.27M
Diluted EPS 0.211.141.111.180.981.300.87-0.291.291.952.352.86-2.781.411.522.96

Compounded Sales Growth

5 Years:-7.83%
1 Year:9.10%

Compounded Profit Growth

5 Years:2.86%
1 Year:-74.70%

Stock Price Performance

1 Year:+73.45%
6 Months:+27.30%
3 Months:-14.17%
1 Month:+6.77%

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets --168.58M174.07M174.84M199.02M213.23M193.87M178.94M173.48M184.66M205.83M229.09M-582.39M479.38M457.30M477.49M
Current Assets --------------341.05M258.17M246.44M270.72M
Cash & Equivalents 4.31M1.80M4.36M3.65M4.02M4.22M4.62M3.41M4.48M3.68M10.17M15.52M28.35M-5.72M4.47M3.72M2.90M
Inventory --------------235.40M169.20M166.70M181.13M
Receivables --------------94.95M77.03M71.98M77.06M
Total Liabilities --63.58M57.41M49.21M67.81M74.88M51.74M43.85M32.39M33.09M41.17M49.59M-366.92M255.83M225.08M225.40M
Current Liabilities --16.58M10.93M14.29M17.42M25.21M14.75M17.72M20.03M25.02M31.53M39.98M-96.29M71.53M90.41M96.13M
Long Term Debt --34.61M35.00M23.46M38.39M36.27M23.70M14.58M2.20M--0-253.65M170.48M120.38M114.28M
Total Debt --------------265.11M181.27M135.05M127.02M
Total Equity 80.95M83.66M105.00M116.66M125.64M131.21M138.35M142.12M135.09M141.09M151.57M164.66M179.50M-215.47M223.56M232.22M252.09M
Shares Outstanding --------------7.34M7.41M7.45M7.51M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow 35.92M14.06M6.53M17.99M-2.45M12.98M23.24M21.30M17.11M17.57M18.09M31.44M-19.12M73.58M52.76M16.30M
Investing Cash Flow -4.96M-4.74M-7.54M-6.08M-9.97M-7.39M-8.64M-5.86M-1.58M-4.22M-7.70M-11.71M--1.23M13.38M-2.96M-6.20M
Financing Cash Flow -33.47M-6.75M301.85K-11.54M12.61M-5.19M-15.81M-14.36M-16.33M-6.86M-5.04M-6.89M--18.08M-88.21M-50.55M-10.91M
Capital Expenditure -4.92M-4.74M-7.56M-6.15M-7.72M-7.44M-8.65M-5.91M-4.31M-4.24M-7.72M-11.72M--6.70M-3.92M-4.66M-6.58M
Free Cash Flow 31.00M9.31M-1.03M11.85M-10.17M5.54M14.59M15.39M12.80M13.33M10.37M19.73M-12.42M69.66M48.10M9.72M
Net Change in Cash --------------190.00K-1.25M-751.00K-817.00K
Share Buybacks -------1.95M688.00K1.31M1.50M2.94M00-0201.00K
Dividends Paid ------3.25M3.30M3.27M3.48M3.99M4.09M4.30M4.54M4.57M4.61M4.63M

Ratios (Annual)

Figures in %.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % --------31.9%34.4%36.1%--36.6%38.7%39.4%40.9%
Operating Margin % --------4.7%7.1%8.2%--7.2%7.7%6.8%7.7%
Net Margin % --------3.8%5.8%6.5%--3.3%2.3%2.5%4.6%
ROE % 1.4%7.3%7.1%7.0%5.6%7.1%4.6%-1.6%6.8%9.6%10.6%11.7%-9.5%4.7%4.9%8.8%
ROCE % -11.2%8.1%8.6%6.1%8.4%5.9%-1.9%7.7%11.3%12.7%14.4%-9.1%8.7%8.5%9.8%

Shareholding Pattern

Insiders
6.41%
Institutions
79.28%
Public Float
84.70%

Top Institutional Holders

#Holder% HeldSharesValue
1 Alliancebernstein L.P. 7.14% 538.25K $20.81M
2 Dimensional Fund Advisors LP 6.70% 505.48K $19.54M
3 Blackrock Inc. 6.54% 493.30K $19.07M
4 Raymond James Financial, Inc. 6.46% 487.30K $18.84M
5 Vanguard Capital Management LLC 4.25% 320.30K $12.38M
6 American Century Companies Inc 3.43% 258.68K $10.00M
7 Geode Capital Management, LLC 2.29% 172.57K $6.67M
8 Hillsdale Investment Management Inc. 2.10% 158.65K $6.13M
9 Crawford Investment Counsel, Inc. 2.08% 157.07K $6.07M
10 North Star Investment Management Corp 2.04% 154.18K $5.96M

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