Rocky Brands, Inc. (RCKY) Financial Statements
Industry: Footwear, (No Rubber)
In fiscal 2025, Rocky Brands reported revenue of $482.0M, up 6.2% from $453.8M the year before. Net income was $22.3M (a 4.6% net margin), or $2.96 per diluted share. Gross margin was 40.9% and operating margin was 7.7%. Operating activities generated $16.3M of cash, leaving $9.7M of free cash flow. At fiscal year end, Rocky Brands held $477.5M in total assets against $225.4M in total liabilities, including $2.9M of cash and equivalents.
Open the full interactive Rocky Brands financials → Quarterly statements, key ratios, valuation history and price charts.
Rocky Brands Key Stats
| Share Price | $45.67 |
|---|---|
| Market Cap | $347.0M |
| P/E Ratio | 15.4 |
| Dividend Yield | 1.37% |
| Revenue YoY Growth | +6.2% |
| 52-Week Range | $26.52 – $50.59 |
| Shares Outstanding | 7.5 million (basic, 2026 Q2) |
Rocky Brands Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $277.3M | $514.2M | $615.5M | $461.8M | $453.8M | $482.0M |
| Cost of Goods Sold | $172.6M | $319.7M | $390.3M | $283.2M | $274.8M | $284.7M |
| Gross Profit | $104.7M | $194.5M | $225.2M | $178.6M | $179.0M | $197.3M |
| Operating Income | $27.2M | $36.0M | $44.0M | $35.4M | $31.1M | $37.2M |
| Pre-Tax Income | $27.0M | $25.4M | $25.8M | $14.2M | $14.1M | $27.2M |
| Income Tax | $6.0M | $4.8M | $5.3M | $3.7M | $2.7M | $4.9M |
| Net Income | $21.0M | $20.6M | $20.5M | $10.4M | $11.4M | $22.3M |
| Diluted EPS | $2.86 | $2.77 | $2.78 | $1.41 | $1.52 | $2.96 |
Rocky Brands Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $122.5M | $139.7M | $124.4M | $118.4M |
| Net Income | $7.2M | $6.5M | $1.3M | $13.9M |
| Diluted EPS | $0.96 | $0.86 | $0.17 | $1.83 |
Rocky Brands Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $28.4M | $5.9M | $5.7M | $4.5M | $3.7M | $2.9M |
| Current Assets | $163.2M | $375.3M | $341.0M | $258.2M | $246.4M | $270.7M |
| Total Assets | $229.1M | $624.6M | $582.4M | $479.4M | $457.3M | $477.5M |
| Current Liabilities | $40.0M | $140.1M | $96.3M | $71.5M | $90.4M | $96.1M |
| Total Long-Term Debt | — | $270.0M | $256.9M | $173.1M | $128.7M | $122.6M |
| Total Liabilities | $49.6M | $426.7M | $366.9M | $255.8M | $225.1M | $225.4M |
| Shareholders' Equity | $179.5M | $197.9M | $215.5M | $223.6M | $232.2M | $252.1M |
Rocky Brands Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $31.4M | -$54.9M | $19.1M | $73.6M | $52.8M | $16.3M |
| Cash From Investing | -$11.7M | -$233.5M | -$1.2M | $13.4M | -$3.0M | -$6.2M |
| Cash From Financing | -$6.9M | $265.9M | -$18.1M | -$88.2M | -$50.6M | -$10.9M |
| Free Cash Flow | $19.7M | -$75.9M | $12.4M | $69.7M | $48.1M | $9.7M |
| Dividends Paid | $4.1M | $4.3M | $4.5M | $4.6M | $4.6M | $4.6M |
Figures from Rocky Brands' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Rocky Brands financials page for every line item.
Rocky Brands Company Profile
| Ticker | RCKY |
|---|---|
| Exchange | Nasdaq |
| Industry | Footwear, (No Rubber) |
| Headquarters | Nelsonville, Ohio |
| Incorporated in | Ohio |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer, smaller reporting company |
| SEC CIK | 0000895456 |
Frequently Asked Questions
What was Rocky Brands' revenue in fiscal 2025?
Rocky Brands (RCKY) reported revenue of $482.0M for fiscal 2025.
What is Rocky Brands' annual revenue history?
Rocky Brands' annual revenue by fiscal year: 2020: $277.3M; 2021: $514.2M; 2022: $615.5M; 2023: $461.8M; 2024: $453.8M; 2025: $482.0M.
What was Rocky Brands' net income in fiscal 2025?
Rocky Brands reported net income of $22.3M for fiscal 2025.
What was Rocky Brands' earnings per share (EPS) in fiscal 2025?
Rocky Brands' diluted EPS was $2.96 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Rocky Brands generate in fiscal 2025?
Rocky Brands generated $9.7M of free cash flow in fiscal 2025.
What was Rocky Brands' revenue last quarter?
In its most recent reported quarter (2026 Q2), Rocky Brands reported revenue of $118.4M.
How much debt does Rocky Brands have?
Rocky Brands reported $122.6M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Rocky Brands are outstanding?
Rocky Brands reported a weighted average of 7.5 million basic shares outstanding in 2026 Q2.
What is Rocky Brands' market cap?
Based on its latest closing price, Rocky Brands (RCKY) has a market capitalization of about $347.0M.
When does Rocky Brands' fiscal year end?
Rocky Brands' fiscal year end, as registered with the SEC, is December 31.
Where is Rocky Brands headquartered?
Rocky Brands lists its business address in Nelsonville, Ohio in its SEC filings.