Rocky Brands, Inc. (RCKY) Financial Ratios
30 years of historical data (1996–2025) · Consumer Cyclical · Apparel - Footwear & Accessories
EV/EBITDA
↓
8.40
-2% vs avg
5yr avg: 8.59
30Y Low3.5·High20.8
P/FCF
↑
28.14
↑+159% vs avg
5yr avg: 10.87
30Y Low1.4·High69.1
P/B Ratio
↓
1.08
+10% vs avg
5yr avg: 0.98
30Y Low0.3·High2.1
ROE
↓
9.2%
↓+16% vs avg
5yr avg: 7.9%
30Y Low-25%·High15%
Debt/EBITDA
↓
2.64
↓-35% vs avg
5yr avg: 4.10
30Y Low0.0·High5.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
RCKY Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Rocky Brands, Inc. trades at 12.3x earnings, 11% below its 5-year average of 13.8x, sitting at the 37th percentile of its historical range. Compared to the Consumer Cyclical sector median P/E of 19.4x, the stock trades at a discount of 37%. On a free-cash-flow basis, the stock trades at 28.1x P/FCF, 159% above the 5-year average of 10.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $274M | $221M | $171M | $223M | $174M | $295M | $206M | $219M | $194M | $141M | $87M |
| Enterprise Value | $395M | $342M | $302M | $400M | $437M | $568M | $179M | $205M | $184M | $139M | $97M |
| P/E Ratio → | 12.26 | 9.91 | 15.00 | 21.40 | 8.50 | 14.37 | 9.81 | 12.52 | 13.33 | 14.65 | — |
| P/S Ratio | 0.57 | 0.46 | 0.38 | 0.48 | 0.28 | 0.57 | 0.74 | 0.81 | 0.77 | 0.56 | 0.33 |
| P/B Ratio | 1.08 | 0.88 | 0.73 | 1.00 | 0.81 | 1.49 | 1.15 | 1.33 | 1.28 | 1.00 | 0.64 |
| P/FCF | 28.14 | 22.71 | 3.55 | 3.20 | 14.01 | — | 10.44 | 21.11 | 14.55 | 11.00 | 5.63 |
| P/OCF | 16.79 | 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
RCKY EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Rocky Brands, Inc.'s enterprise value stands at 8.4x EBITDA, roughly in line with its 5-year average of 8.6x. The Consumer Cyclical sector median is 11.4x, placing the stock at a 26% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.71 | 0.67 | 0.87 | 0.71 | 1.10 | 0.65 | 0.76 | 0.73 | 0.55 | 0.37 |
| EV / EBITDA | 8.40 | 7.28 | 7.31 | 8.63 | 7.75 | 12.01 | 5.53 | 7.56 | 7.84 | 7.60 | 20.77 |
| EV / EBIT | 10.63 | 9.21 | 9.72 | 11.30 | 9.91 | 15.79 | 6.59 | 9.54 | 10.18 | 14.29 | — |
| EV / FCF | — | 35.21 | 6.28 | 5.74 | 35.14 | — | 9.08 | 19.79 | 13.79 | 10.89 | 6.29 |
RCKY Profitability
Margins and return-on-capital ratios measuring operating efficiency
Rocky Brands, Inc. earns an operating margin of 7.7%, above the Consumer Cyclical sector average of 2.9%. ROE of 9.2% is modest. ROIC of 7.6% represents adequate returns on invested capital versus a sector median of 5.8%.
Margins
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% |
Return on Capital
| 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 | 7.6% | 7.6% | 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% |
RCKY Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Rocky Brands, Inc. carries a Debt/EBITDA ratio of 2.6x, which is moderately leveraged (40% below the sector average of 4.4x). Net debt stands at $121M ($124M total debt minus $3M cash). Interest coverage of 3.7x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.49 | 0.49 | 0.58 | 0.81 | 1.24 | 1.41 | 0.01 | 0.01 | — | 0.02 | 0.11 |
| Debt / EBITDA | 2.64 | 2.64 | 3.27 | 3.91 | 4.76 | 5.90 | 0.05 | 0.06 | — | 0.12 | 3.13 |
| Net Debt / Equity | — | 0.48 | 0.57 | 0.79 | 1.22 | 1.38 | -0.15 | -0.08 | -0.07 | -0.01 | 0.07 |
| Net Debt / EBITDA | 2.58 | 2.58 | 3.18 | 3.82 | 4.66 | 5.77 | -0.83 | -0.51 | -0.43 | -0.08 | 2.17 |
| Debt / FCF | — | 12.49 | 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 |
RCKY Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Rocky Brands, Inc.'s current ratio of 2.82x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 0.93x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 3.61x to 2.82x over the past 3 years.
| 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 |
RCKY Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Rocky Brands, Inc. returns 1.8% to shareholders annually — split between a 1.7% dividend yield and 0.1% buyback yield. The payout ratio of 20.8% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 8.2% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
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 | 1.7% | 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% | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 8.2% | 10.1% | 6.7% | 4.7% | 11.8% | 7.0% | 10.2% | 8.0% | 7.5% | 6.8% | — |
| FCF Yield | 3.6% | 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 | 1.8% | 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 |
Peer Comparison
Compare RCKY with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 RCKYYou | $274M | 12.3 | 8.4 | 28.1 | 40.9% | 7.7% | 9.2% | 7.6% | 2.6 |
 WEYS | $327M | 14.2 | 7.4 | 9.2 | 43.2% | 10.6% | 9.5% | 13.0% | 0.2 |
 BOOT | $5B | 27.8 | 18.1 | — | 37.5% | 12.5% | 17.4% | 12.1% | 1.9 |
 DBI | $292M | -34.9 | 15.5 | 3.4 | 42.7% | 1.2% | -3.3% | 1.7% | 13.0 |
 CLAR | $111M | -2.4 | — | — | 28.6% | -8.2% | -21.7% | -8.2% | — |
 SHOO | $3B | 62.9 | 31.9 | 24.2 | 41.1% | 2.7% | 5.0% | 4.9% | 4.8 |
 WWW | $1B | 0.2 | 12.3 | 11.1 | 47.3% | 8.0% | 22.5% | 11.6% | 4.3 |
 CAL | $445M | -60.2 | 15.4 | 13.8 | 43.0% | 1.0% | -1.2% | 1.7% | 8.1 |
 SCVL | $487M | 6.6 | 6.1 | 7.0 | 35.6% | 7.6% | 12.0% | 7.8% | 3.0 |
 DECK | $15B | 16.2 | 10.4 | 15.3 | 57.9% | 23.6% | 41.8% | 99.7% | 0.2 |
 NKE | $53B | 20.6 | 12.5 | 16.2 | 42.7% | 8.0% | 23.3% | 16.7% | 2.4 |
| Consumer Cyclical Median | — | 19.4 | 11.4 | 15.3 | 36.8% | 2.9% | 5.7% | 5.8% | 4.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonRCKY — Frequently Asked Questions
Quick answers to the most common questions about buying RCKY stock.
What is Rocky Brands, Inc.'s P/E ratio?
Rocky Brands, Inc.'s current P/E ratio is 12.3x. The historical average is 20.9x. This places it at the 37th percentile of its historical range.
What is Rocky Brands, Inc.'s EV/EBITDA?
Rocky Brands, Inc.'s current EV/EBITDA is 8.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 7.5x.
What is Rocky Brands, Inc.'s ROE?
Rocky Brands, Inc.'s return on equity (ROE) is 9.2%. The historical average is 5.6%.
Is RCKY stock overvalued?
Based on historical data, Rocky Brands, Inc. is trading at a P/E of 12.3x. This is at the 37th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Rocky Brands, Inc.'s dividend yield?
Rocky Brands, Inc.'s current dividend yield is 1.70% with a payout ratio of 20.8%.
What are Rocky Brands, Inc.'s profit margins?
Rocky Brands, Inc. has 40.9% gross margin and 7.7% operating margin.
How much debt does Rocky Brands, Inc. have?
Rocky Brands, Inc.'s Debt/EBITDA ratio is 2.6x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.