InsiderClue
Stocks · Consumer discretionary · Footwear, (No Rubber)

ROCKY BRANDS, INC.

RCKY Clue Score39
United States Fiscal year ends December CIK 0000895456
$44.93 -1.08% Close, 9 Oct 2026
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Price $44.93 −8.49% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue260.3Operating income−3.1Net income−2.1EPS, diluted−0.29Fiscal year 2017Revenue253.2 −2.7%Operating income11.8Net income9.6EPS, diluted1.29Fiscal year 2018Revenue252.7 −0.2%Operating income18.1Net income14.6 +51.8%EPS, diluted1.95 +51.2%Fiscal year 2019Revenue270.4 +7.0%Operating income22.1Net income17.5 +20.0%EPS, diluted2.35 +20.5%Fiscal year 2020Revenue277.3 +2.6%Operating income27.2Net income21.0 +20.1%EPS, diluted2.86 +21.7%Fiscal year 2021Revenue514.2 +85.4%Operating income36.0Net income20.6 −1.9%EPS, diluted2.77 −3.1%Fiscal year 2022Revenue615.5 +19.7%Operating income44.0Net income20.5 −0.5%EPS, diluted2.78 +0.4%Fiscal year 2023Revenue461.8 −25.0%Operating income35.4Net income10.4 −49.1%EPS, diluted1.41 −49.3%Fiscal year 2024Revenue453.8 −1.7%Operating income31.1Net income11.4 +9.2%EPS, diluted1.52 +7.8%Fiscal year 2025Revenue482.0 +6.2%Operating income37.2Net income22.3 +95.6%EPS, diluted2.96 +94.7%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 260.3 253.2 252.7 270.4 277.3 514.2 615.5 461.8 453.8 482.0
Growth −2.7% −0.2% +7.0% +2.6% +85.4% +19.7% −25.0% −1.7% +6.2%
Operating income −3.1 11.8 18.1 22.1 27.2 36.0 44.0 35.4 31.1 37.2
Net income −2.1 9.6 14.6 17.5 21.0 20.6 20.5 10.4 11.4 22.3
Growth +51.8% +20.0% +20.1% −1.9% −0.5% −49.1% +9.2% +95.6%
EPS, diluted −0.29 1.29 1.95 2.35 2.86 2.77 2.78 1.41 1.52 2.96
Growth +51.2% +20.5% +21.7% −3.1% +0.4% −49.3% +7.8% +94.7%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin29.5%Operating margin−1.2%Net margin−0.8%Free cash flow margin5.9%Fiscal year 2017Gross margin31.9%Operating margin4.7%Net margin3.8%Free cash flow margin5.1%Fiscal year 2018Gross margin34.4%Operating margin7.1%Net margin5.8%Free cash flow margin5.3%Fiscal year 2019Gross margin36.1%Operating margin8.2%Net margin6.5%Free cash flow margin3.8%Fiscal year 2020Gross margin37.8%Operating margin9.8%Net margin7.6%Free cash flow margin7.1%Fiscal year 2021Gross margin37.8%Operating margin7.0%Net margin4.0%Free cash flow margin−14.8%Fiscal year 2022Gross margin36.6%Operating margin7.2%Net margin3.3%Free cash flow margin2.0%Fiscal year 2023Gross margin38.7%Operating margin7.7%Net margin2.3%Free cash flow margin15.1%Fiscal year 2024Gross margin39.4%Operating margin6.8%Net margin2.5%Free cash flow margin10.6%Fiscal year 2025Gross margin40.9%Operating margin7.7%Net margin4.6%Free cash flow margin2.0%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 29.5% 31.9% 34.4% 36.1% 37.8% 37.8% 36.6% 38.7% 39.4% 40.9%
Operating margin −1.2% 4.7% 7.1% 8.2% 9.8% 7.0% 7.2% 7.7% 6.8% 7.7%
Net margin −0.8% 3.8% 5.8% 6.5% 7.6% 4.0% 3.3% 2.3% 2.5% 4.6%
Free cash flow margin 5.9% 5.1% 5.3% 3.8% 7.1% −14.8% 2.0% 15.1% 10.6% 2.0%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow21.3Capital expenditure−5.9Free cash flow15.4Buybacks−2.0Dividends paid−3.3Fiscal year 2017Operating cash flow17.1Capital expenditure−4.3Free cash flow12.8 −16.8%Buybacks−0.7Dividends paid−3.3Fiscal year 2018Operating cash flow17.6Capital expenditure−4.2Free cash flow13.3 +4.2%Buybacks−1.3Dividends paid−3.5Fiscal year 2019Operating cash flow18.1Capital expenditure−7.7Free cash flow10.4 −22.2%Buybacks−1.5Dividends paid−4.0Fiscal year 2020Operating cash flow31.4Capital expenditure−11.7Free cash flow19.7 +90.2%Buybacks−2.9Dividends paid−4.1Fiscal year 2021Operating cash flow−54.9Capital expenditure−21.1Free cash flow−75.9 −484.9%Buybacks0.0Dividends paid−4.3Fiscal year 2022Operating cash flow19.1Capital expenditure−6.7Free cash flow12.4Buybacks0.0Dividends paid−4.5Fiscal year 2023Operating cash flow73.6Capital expenditure−3.9Free cash flow69.7 +460.8%Dividends paid−4.6Fiscal year 2024Operating cash flow52.8Capital expenditure−4.7Free cash flow48.1 −30.9%Buybacks0.0Dividends paid−4.6Fiscal year 2025Operating cash flow16.3Capital expenditure−6.6Free cash flow9.7 −79.8%Buybacks−0.2Dividends paid−4.6
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 21.3 17.1 17.6 18.1 31.4 −54.9 19.1 73.6 52.8 16.3
Capital expenditure −5.9 −4.3 −4.2 −7.7 −11.7 −21.1 −6.7 −3.9 −4.7 −6.6
Free cash flow 15.4 12.8 13.3 10.4 19.7 −75.9 12.4 69.7 48.1 9.7
Growth −16.8% +4.2% −22.2% +90.2% −484.9% +460.8% −30.9% −79.8%
Buybacks −2.0 −0.7 −1.3 −1.5 −2.9 0.0 0.0 n/a 0.0 −0.2
Dividends paid −3.3 −3.3 −3.5 −4.0 −4.1 −4.3 −4.5 −4.6 −4.6 −4.6

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash4.5Total debt14.6Net cash (debt)−10.1Shareholders’ equity135.1Debt to equity0.11Fiscal year 2017Cash3.7Total debt2.2Net cash (debt)1.5Shareholders’ equity141.1Debt to equity0.02Fiscal year 2018Cash10.2Shareholders’ equity151.6Fiscal year 2019Cash15.5Shareholders’ equity164.7Fiscal year 2020Cash28.4Total debt0.0Net cash (debt)28.4Shareholders’ equity179.5Debt to equity0.00Fiscal year 2021Cash5.9Total debt270.0Net cash (debt)−264.1Shareholders’ equity197.9Debt to equity1.36Fiscal year 2022Cash5.7Total debt256.9Net cash (debt)−251.2Shareholders’ equity215.5Debt to equity1.19Fiscal year 2023Cash4.5Total debt173.1Net cash (debt)−168.7Shareholders’ equity223.6Debt to equity0.77Fiscal year 2024Cash3.7Total debt128.7Net cash (debt)−125.0Shareholders’ equity232.2Debt to equity0.55Fiscal year 2025Cash2.9Total debt122.6Net cash (debt)−119.7Shareholders’ equity252.1Debt to equity0.49
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 4.5 3.7 10.2 15.5 28.4 5.9 5.7 4.5 3.7 2.9
Total debt 14.6 2.2 n/a n/a 0.0 270.0 256.9 173.1 128.7 122.6
Net cash (debt) −10.1 1.5 n/a n/a 28.4 −264.1 −251.2 −168.7 −125.0 −119.7
Shareholders’ equity 135.1 141.1 151.6 164.7 179.5 197.9 215.5 223.6 232.2 252.1
Debt to equity 0.11 0.02 n/a n/a 0.00 1.36 1.19 0.77 0.55 0.49

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Balance sheet

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Assets
4.5 3.7 10.2 15.5 28.4 5.9 5.7 4.5 3.7 2.9
40.8 45.0 43.3 45.6 48.0 126.8 95.0 77.0 72.0 77.1
69.2 65.6 72.8 76.7 77.6 232.5 235.4 169.2 166.7 181.1
26.5 23.8 23.1 27.4 33.8 60.0 57.4 52.0 49.7 49.9
n/a n/a n/a n/a 0.0 50.2 50.2 47.8 47.8 47.8
178.9 173.5 184.7 205.8 229.1 624.6 582.4 479.4 457.3 477.5
Growth −3.1% +6.4% +11.5% +11.3% +172.6% −6.8% −17.7% −4.6% +4.4%
Liabilities
n/a n/a n/a n/a 0.0 3.3 3.3 2.7 8.4 8.4
14.6 2.2 n/a n/a 0.0 266.8 253.6 170.5 120.4 114.3
calc 14.6 2.2 n/a n/a 0.0 270.0 256.9 173.1 128.7 122.6
43.8 32.4 33.1 41.2 49.6 426.7 366.9 255.8 225.1 225.4
Equity
65.8 n/a n/a 96.7 113.5 129.8 145.7 151.6 158.4 176.0
135.1 141.1 151.6 164.7 179.5 197.9 215.5 223.6 232.2 252.1
Growth +4.4% +7.4% +8.6% +9.0% +10.2% +8.9% +3.8% +3.9% +8.6%
Per share and net cash
calc −10.1 1.5 n/a n/a 28.4 −264.1 −251.2 −168.7 −125.0 −119.7
7.4 7.4 7.4 7.4 7.2 7.3 7.3 7.4 7.5 7.5
calc 18.20 19.07 20.57 22.39 24.77 27.10 29.36 30.16 31.15 33.59

Lines marked calc are worked out here from filed figures; point at one for how.