Latest Ratios: P/E Ratio 11.3x · EV/EBITDA 8.7x · ROE 9.2%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $387M | $221M | $171M | $223M | $174M | $295M | $206M | $219M | $194M | $141M | $87M |
| Enterprise Value | $511M | $345M | $302M | $400M | $437M | $568M | $179M | $205M | $184M | $139M | $97M |
| P/E Ratio → | 11.34 | 9.91 | 15.00 | 21.40 | 8.50 | 14.37 | 9.81 | 12.52 | 13.33 | 14.65 | — |
| P/S Ratio | 0.74 | 0.46 | 0.38 | 0.48 | 0.28 | 0.57 | 0.74 | 0.81 | 0.77 | 0.56 | 0.33 |
| P/B Ratio | 1.53 | 0.88 | 0.73 | 1.00 | 0.81 | 1.49 | 1.15 | 1.33 | 1.28 | 1.00 | 0.64 |
| P/FCF | 13.89 | 22.71 | 3.55 | 3.20 | 14.01 | — | 10.44 | 21.11 | 14.55 | 11.00 | 5.63 |
| P/OCF | 23.75 | 13.55 | 3.23 | 3.03 | 9.10 | — | 6.55 | 12.10 | 11.04 | 8.23 | 4.07 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.72 | 0.67 | 0.87 | 0.71 | 1.10 | 0.65 | 0.76 | 0.73 | 0.55 | 0.37 |
| EV / EBITDA | 8.74 | 7.33 | 7.31 | 8.63 | 7.75 | 12.01 | 5.53 | 7.56 | 7.84 | 7.60 | 20.77 |
| EV / EBIT | 13.75 | 9.28 | 9.72 | 11.30 | 9.91 | 15.79 | 6.59 | 9.54 | 10.18 | 14.29 | — |
| EV / FCF | — | 35.48 | 6.28 | 5.74 | 35.14 | — | 9.08 | 19.79 | 13.79 | 10.89 | 6.29 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 40.9% | 40.9% | 39.4% | 38.7% | 36.6% | 37.8% | 37.8% | 35.9% | 34.4% | 31.9% | 29.5% |
| Operating Margin | 7.7% | 7.7% | 6.8% | 7.7% | 7.2% | 7.0% | 9.8% | 8.2% | 7.1% | 4.7% | -1.2% |
| Net Profit Margin | 4.6% | 4.6% | 2.5% | 2.3% | 3.3% | 4.0% | 7.6% | 6.5% | 5.8% | 3.8% | -0.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.2% | 9.2% | 5.0% | 4.7% | 9.9% | 10.9% | 12.2% | 11.0% | 9.9% | 6.9% | -1.5% |
| ROA | 4.8% | 4.8% | 2.4% | 1.9% | 3.4% | 4.8% | 9.6% | 8.9% | 8.1% | 5.4% | -1.1% |
| ROIC | 7.5% | 7.5% | 6.1% | 6.0% | 7.0% | 8.7% | 13.4% | 11.3% | 9.6% | 6.2% | -1.5% |
| ROCE | 9.9% | 9.9% | 8.0% | 7.8% | 9.0% | 10.7% | 14.9% | 13.2% | 11.5% | 7.5% | -1.8% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.50 | 0.50 | 0.58 | 0.81 | 1.24 | 1.41 | 0.01 | 0.01 | — | 0.02 | 0.11 |
| Debt / EBITDA | 2.70 | 2.70 | 3.27 | 3.91 | 4.76 | 5.90 | 0.05 | 0.06 | — | 0.12 | 3.13 |
| Net Debt / Equity | — | 0.49 | 0.57 | 0.79 | 1.22 | 1.38 | -0.15 | -0.08 | -0.07 | -0.01 | 0.07 |
| Net Debt / EBITDA | 2.64 | 2.64 | 3.18 | 3.82 | 4.66 | 5.77 | -0.83 | -0.51 | -0.43 | -0.08 | 2.17 |
| Debt / FCF | — | 12.77 | 2.73 | 2.54 | 21.13 | — | -1.36 | -1.33 | -0.76 | -0.12 | 0.66 |
| Interest Coverage | 3.72 | 3.72 | 1.83 | 1.67 | 2.41 | 3.39 | 132.54 | — | 111.49 | 25.03 | -4.87 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.82 | 2.82 | 2.73 | 3.61 | 3.54 | 2.68 | 4.08 | 4.63 | 5.24 | 5.95 | 6.80 |
| Quick Ratio | 0.93 | 0.93 | 0.88 | 1.24 | 1.10 | 1.02 | 2.14 | 2.20 | 2.33 | 2.67 | 2.89 |
| Cash Ratio | 0.03 | 0.03 | 0.04 | 0.06 | 0.06 | 0.04 | 0.71 | 0.49 | 0.41 | 0.18 | 0.25 |
| Asset Turnover | — | 1.01 | 0.99 | 0.96 | 1.04 | 0.82 | 1.20 | 1.31 | 1.37 | 1.46 | 1.44 |
| Inventory Turnover | 1.57 | 1.57 | 1.65 | 1.67 | 1.66 | 1.38 | 2.22 | 2.26 | 2.27 | 2.63 | 2.65 |
| Days Sales Outstanding | — | 62.10 | 58.73 | 64.13 | 56.85 | 93.98 | 70.48 | 68.63 | 66.88 | 64.91 | 59.99 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.2% | 2.1% | 2.7% | 2.0% | 2.6% | 1.5% | 2.0% | 1.8% | 1.8% | 2.3% | 3.8% |
| Payout Ratio | 20.8% | 20.8% | 40.5% | 43.8% | 22.2% | 20.9% | 19.5% | 22.8% | 23.9% | 34.1% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 8.8% | 10.1% | 6.7% | 4.7% | 11.8% | 7.0% | 10.2% | 8.0% | 7.5% | 6.8% | — |
| FCF Yield | 7.2% | 4.4% | 28.2% | 31.3% | 7.1% | — | 9.6% | 4.7% | 6.9% | 9.1% | 17.8% |
| Buyback Yield | 0.1% | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% | 1.4% | 0.7% | 0.7% | 0.5% | 2.2% |
| Total Shareholder Yield | 1.3% | 2.2% | 2.7% | 2.0% | 2.6% | 1.5% | 3.4% | 2.5% | 2.5% | 2.8% | 6.1% |
| Shares Outstanding | — | $8M | $7M | $7M | $7M | $7M | $7M | $7M | $7M | $7M | $8M |
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying RCKY stock.
Rocky Brands, Inc.'s current P/E ratio is 11.3x. The historical average is 20.9x. This places it at the 33th percentile of its historical range.
Rocky Brands, Inc.'s current EV/EBITDA is 8.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 7.5x.
Rocky Brands, Inc.'s return on equity (ROE) is 9.2%. The historical average is 5.6%.
Based on historical data, Rocky Brands, Inc. is trading at a P/E of 11.3x. This is at the 33th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Rocky Brands, Inc.'s current dividend yield is 1.20% with a payout ratio of 20.8%.
Rocky Brands, Inc. has 40.9% gross margin and 7.7% operating margin.
Rocky Brands, Inc.'s Debt/EBITDA ratio is 2.7x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.
Key Metrics
Top Statement Risk
Margin volatility and tariff exposure
Metrics are mathematically derived from official filings.
Discounted Multiples Reflect Earnings Skepticism
Based on reported figures, RCKY trades at 17.3x trailing earnings and 9.7x forward earnings, a compression that implies the market expects earnings to rise sharply from recent depressed levels, though the forward estimate may not be fully reliable given the volatile quarterly margin profile.
The gap between trailing and forward P/E suggests investors are pricing in a substantial recovery in net income relative to the 2026Q1 trough. EV/EBITDA of 10.9x trailing versus 6.7x forward reinforces that view, while P/FCF of 39.8x indicates free cash flow has not kept pace with reported earnings. Relative to peers such as BOOT at 17.8x trailing P/E and SHOO at 62.7x, RCKY screens inexpensive, but the discount may be warranted by its thin 9.3% to 11.7% peak net margins and inconsistent cash conversion.
Margin Swings Obscure Underlying Earning Power
As reported in the quarterly income statements, RCKY's gross margin ranged from 36.5% to 51.4% across recent quarters, while net margin peaked near 11.7%, leaving the reliability of any single period's profitability in question.
The 14.9-point gross margin swing between 2026Q1 and 2026Q2 is wide relative to the 38% to 42% band that prevailed through most of 2024 and 2025, suggesting either a one-time benefit or a shift in pricing and input costs. Operating margin of 13.1% in 2026Q3 is more representative of sustainable earning power than the 16.6% peak, which may have been flattered by non-recurring items not disclosed in this dataset. Investors should monitor whether the recent gross margin level holds through the next reporting cycle before treating it as a durable baseline.
Deleveraging Improves Coverage but Debt Persists
Based on RCKY's reported figures, debt-to-equity fell from 0.70 to 0.44 over ten quarters, while interest coverage recovered to 10.1x in 2026Q3, indicating debt service has become more comfortable than in 2024.
The reduction in total debt from $157.3M to $120.8M alongside rising equity suggests the company has been paying down borrowings from operating cash flow and retained earnings. Debt-to-EBITDA of 6.65x in 2026Q3, however, remains elevated versus the 0.44 debt-to-equity figure and is distorted by quarterly EBITDA volatility, as shown by readings near 20x in 2026Q1. The trend appears favorable, but investors should monitor covenant headroom and revolver terms, which are not disclosed in the supplied data.
Peak Ratios May Overstate Durable Returns
Per the reported quarterly data, RCKY's 2026Q2 peak gross margin of 51.4% and 5.4% ROE sit well above its own historical band, a gap that may not persist without a clear structural driver.
The 2026Q2 gross margin of 51.4% exceeds the 33% to 44% range of listed peers and the 38% to 42% band seen through most of 2024 and 2025, so a skeptical analyst would argue the figure reflects timing benefits rather than sustainable pricing power. ROIC in the 0.7% to 3.9% range across the window remains thin, and the favorable P/E compression partly reflects that low return base rather than a mispricing. Investors should monitor whether ROIC can sustain levels above 4% without relying on quarters of unusually strong margin.