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MARKETS / NASDAQ / RCKY
NASDAQ · FOOTWEAR, (NO RUBBER) · MID CAP

Rocky Brands, Inc. RCKY

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$482.0M
▲ 6.2% YoY
$22.3M
▲ 95.6% YoY
$9.7M
▼ 79.8% YoY
In brief

What this company does

Rocky Brands, Inc. designs, manufactures and markets footwear and apparel marketed under a portfolio of brand names, including The Original Muck Boot Company, XTRATUF, Rocky, Durango, Georgia Boot, Lehigh CustomFit, Ranger, and the licensed brand Michelin. Its products are organized around six target markets: work, outdoor, western, commercial military, duty, and military. Its footwear products are positioned across suggested retail price points ranging from $45.00 for value priced products to $680.00 for premium products. As of December 31, 2025, its products were offered for sale in thousands of retail locations across the U.S. and Canada as well as several international markets, such as Europe. It manufactures footwear in facilities it owns and operates in the Dominican Republic, Puerto Rico, and Chuzhou, China, and sources footwear, apparel, and accessories from third-party facilities in Vietnam, China, the Dominican Republic, Cambodia, Puerto Rico, India, and Mexico. As of December 31, 2025, it employed over 2,200 employees, of which approximately 1,700 worked in its manufacturing facilities in the Dominican Republic, Puerto Rico and Chuzhou, China. Net sales to foreign countries represented approximately 2.3% of net sales in 2025 and 3.2% of net sales in 2024. The Company's portfolio of brands is organized into three reportable segments through which its products are distributed: Wholesale, Retail, and Contract Manufacturing.

Written from the business description in ROCKY BRANDS, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 11 March 2026. Every sentence was checked against that document before publication.

Growth
USD 482.0M
Revenue, FY2025 · full 17-year series below
Revenue $M Net income $M
FY2025 · Revenue 482.0 · Net income 22.3
250.0M500.0M200920112013201520172019202120232025
Compound annual growth
−7.8%
+11.7%
+6.0%
+4.4%
+2.9%
+1.2%
+12.9%
+7.4%
+2.1%
+0.7%
+13.0%
+6.6%
+0.0%
+2.1%
+0.7%
−7.6%
+3.6%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +11.7% a year over five years — but profit grew slower: net income at +1.2%, earnings per share at +0.7%.

The share count rose from 0.01B to 0.01B over the period.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
5 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 7.7% · Net 4.6%
5.0%-0.5%-1.0%200920112013201520172019202120232025
ROE
FY2025 · ROE 9.2%
5.0%10.0%-0.5%-1.0%-1.5%200920112013201520172019202120232025

Each USD of equity produced 9 cents of profit this year.

Cash & shareholders
USD 4.6M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 9.7
25.0M50.0M-40.0M200920112013201520172019202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends 4.6 · Net buybacks -0.6
2.5M5.0M-0.4M-0.8MDividendsNet buybacks20122014201620182020202220242025

USD 4.6M in dividends — 21% of the year's profit went back to shareholders.

Total assetsUSD 477.5M
EquityUSD 252.1M
CashUSD 2.9M
Gross debtUSD 122.6M
Net debtUSD 119.7M
Current ratio2.82×

Net debt stands at 47% of equity.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B0.50.50.50.60.50.30.30.30.30.30.30.30.20.20.20.30.2
Operating income $B0.00.00.00.00.00.00.00.00.0−0.00.00.00.00.00.00.00.0
EBITDA $B0.00.00.00.10.00.00.00.00.00.00.00.00.00.00.00.00.0
Income tax $B0.00.00.00.00.00.00.00.0−0.0−0.00.00.00.00.00.00.00.0
Net income $B0.00.00.00.00.00.00.00.00.0−0.00.00.00.00.00.00.00.0
Free cash flow $B0.00.00.10.0−0.10.00.00.00.00.00.00.0−0.00.0−0.00.00.0
EPS, diluted $2.961.521.412.782.772.862.351.951.29−0.290.871.300.981.181.111.140.21
Dividend / sh $0.620.620.620.620.590.560.540.470.11········
Payout %214044222120232434−1544931310···
ROE %9.25.04.79.910.912.211.09.96.9−1.54.77.35.77.37.58.11.4
Shares out B0.010.010.010.010.010.010.010.010.010.010.010.01·····

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

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This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 83 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 12 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityFootwear, (No Rubber)
Listed onNASDAQ
Incorporated inOhio
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2009

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