Rocky Mountain Chocolate Factory, Inc. (RMCF) 10-Year Financial Performance & Capital Metrics

RMCF • • Industrial / General

Consumer DefensiveConfectionersSpecialty Retail & BeverageSpecialty Retail Confectioners

AboutRocky Mountain Chocolate Factory, Inc., together with its subsidiaries, operates as a confectionery franchisor, manufacturer, and retail operator. It operates through five segments: Franchising, Manufacturing, Retail Stores, U-Swirl Operations, and Other. The company produces approximately 400 chocolate candies and other confectionery products, including clusters, caramels, creams, toffees, mints, and truffles; and offers 15 varieties of caramel apples and other products that are prepared in individual stores, as well as provides ice cream, coffee, and other sundries. As of March 31, 2022, it operated two company-owned, 99 licensee-owned, and 159 franchised Rocky Mountain Chocolate Factory stores operating in 37 states in South Korea, Panama, and the Philippines; three company-owned, and 63 franchised and licensed cafés located in 22 states and Qatar; and self-serve frozen yogurt cafés under the U-Swirl, Yogurtini, CherryBerry, Yogli Mogli Frozen Yogurt, Fuzzy Peach Frozen Yogurt, Let's Yo!, and Aspen Leaf Yogurt brand names. The company has strategic alliance with Edible Arrangements, LLC and its affiliates to provide branded chocolate products. Rocky Mountain Chocolate Factory, Inc. was founded in 1981 and is headquartered in Durango, Colorado.Show more

Revenue $30M +5.8%
EBITDA -$5M -24.3%
Net Income -$6M -46.7%
EPS (Diluted) -0.86 -30.3%
Gross Margin 10.98% -34.9%
EBITDA Margin -16.88% -17.5%
Operating Margin -20.09% -14.5%
Net Margin -20.7% -38.7%
ROE -69.52% -108.4%
ROIC -35.7% -14.3%
Debt/Equity 1.03 +273.7%
Interest Coverage -13.09 +85.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 80 (top 20%)
✓Efficient asset utilization: 1.4x turnover

✗Weaknesses

✗Weak Piotroski F-Score: 2/9
✗Negative free cash flow
✗Shares diluted 12.5% in last year

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-3.33%

5Y-1.47%

3Y0.1%

TTM6.08%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM16.26%

EPS CAGR

10Y-

5Y-

3Y-

TTM27.84%

ROCE

10Y Avg-3.27%

5Y Avg-23.76%

3Y Avg-34.32%

Latest-44.33%

Peer Comparison

Specialty Retail Confectioners

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
RMCFRocky Mountain Chocolate Factory, Inc.	18.29M	1.96	-2.28	5.82%	-13.62%	-67.2%		1.03

Profit & Loss

	Feb 2016	Feb 2017	Feb 2018	Feb 2019	Feb 2020	Feb 2021	Feb 2022	Feb 2023	Feb 2024	Feb 2025
Sales/Revenue+	40.46M	38.3M	38.07M	34.55M	31.85M	21.76M	29.49M	30.43M	27.95M	29.58M
Revenue Growth %	-0.03%	-0.05%	-0.01%	-0.09%	-0.08%	-0.32%	0.35%	0.03%	-0.08%	0.06%
Cost of Goods Sold+	23.32M	22.8M	23.27M	22.58M	20.1M	17.24M	20.53M	22.28M	23.24M	26.33M
COGS % of Revenue	0.58%	0.6%	0.61%	0.65%	0.63%	0.79%	0.7%	0.73%	0.83%	0.89%
Gross Profit+	17.14M	15.49M	14.8M	11.97M	11.75M	4.52M	8.96M	8.15M	4.71M	3.25M
Gross Margin %	0.42%	0.4%	0.39%	0.35%	0.37%	0.21%	0.3%	0.27%	0.17%	0.11%
Gross Profit Growth %	-0.08%	-0.1%	-0.04%	-0.19%	-0.02%	-0.62%	0.98%	-0.09%	-0.42%	-0.31%
Operating Expenses+	13.42M	9.97M	9.58M	8.96M	10.36M	7.25M	9.66M	13.04M	9.62M	9.19M
OpEx % of Revenue	0.33%	0.26%	0.25%	0.26%	0.33%	0.33%	0.33%	0.43%	0.34%	0.31%
Selling, General & Admin	7.13M	6.66M	6.39M	5.64M	7.66M	6.56M	8.93M	12.39M	8.81M	8.3M
SG&A % of Revenue	0.18%	0.17%	0.17%	0.16%	0.24%	0.3%	0.3%	0.41%	0.32%	0.28%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	6.29M	3.31M	3.19M	3.32M	2.7M	688.58K	726.27K	656.35K	809K	891K
Operating Income+	3.71M	5.52M	5.22M	3.01M	1.39M	-2.73M	-694.52K	-4.89M	-4.9M	-5.94M
Operating Margin %	0.09%	0.14%	0.14%	0.09%	0.04%	-0.13%	-0.02%	-0.16%	-0.18%	-0.2%
Operating Income Growth %	-0.38%	0.49%	-0.05%	-0.42%	-0.54%	-2.96%	0.75%	-6.04%	-0%	-0.21%
EBITDA+	5.13M	6.81M	6.54M	4.72M	2.88M	-1.95M	45.65K	-4.13M	-4.01M	-4.99M
EBITDA Margin %	0.13%	0.18%	0.17%	0.14%	0.09%	-0.09%	0%	-0.14%	-0.14%	-0.17%
EBITDA Growth %	-0.31%	0.33%	-0.04%	-0.28%	-0.39%	-1.68%	1.02%	-91.37%	0.03%	-0.24%
D&A (Non-Cash Add-back)	1.42M	1.29M	1.32M	1.71M	1.49M	778.45K	740.17K	765.26K	887K	950K
EBIT	3.76M	5.57M	5.25M	3.03M	1.42M	-1.06M	-516.53K	-4.86M	-4.82M	-5.67M
Net Interest Income+	-167.85K	-128.78K	-96.67K	-50.29K	10.72K	-76.92K	10.87K	16.49K	26.44K	-427K
Interest Income	49K	42K	24K	20.5K	29.74K	18K	10.87K	26.92K	79.84K	27K
Interest Expense	217K	171K	121K	70.79K	19.02K	95K	0	10.43K	53.4K	454K
Other Income/Expense	-167.85K	-128.78K	-96.67K	-50.29K	10.72K	1.57M	177.99K	16.49K	26K	-180K
Pretax Income+	3.55M	5.4M	5.12M	2.96M	1.4M	-1.16M	-516.53K	-4.87M	-4.88M	-6.12M
Pretax Margin %	0.09%	0.14%	0.13%	0.09%	0.04%	-0.05%	-0.02%	-0.16%	-0.17%	-0.21%
Income Tax+	-261.4K	1.95M	2.16M	716.86K	368.5K	-745.5K	-16.81K	613.84K	0	0
Effective Tax Rate %	1.25%	0.64%	0.58%	0.76%	0.74%	0.78%	0.66%	1.17%	0.86%	1%
Net Income+	4.43M	3.45M	2.96M	2.24M	1.03M	-899.78K	-341.7K	-5.68M	-4.17M	-6.12M
Net Margin %	0.11%	0.09%	0.08%	0.06%	0.03%	-0.04%	-0.01%	-0.19%	-0.15%	-0.21%
Net Income Growth %	0.12%	-0.22%	-0.14%	-0.24%	-0.54%	-1.87%	0.62%	-15.63%	0.27%	-0.47%
Net Income (Continuing)	3.81M	3.45M	2.96M	2.24M	1.03M	-409.72K	-499.72K	-5.49M	-4.88M	-6.12M
Discontinued Operations	0	0	0	0	0	-490.06K	158.02K	-192.42K	704K	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.73	0.58	0.50	0.37	0.17	-0.15	-0.06	-0.91	-0.66	-0.86
EPS Growth %	0.2%	-0.21%	-0.14%	-0.26%	-0.54%	-1.88%	0.63%	-15.37%	0.27%	-0.3%
EPS (Basic)	0.75	0.59	0.50	0.38	0.17	-0.15	-0.06	-0.91	-0.66	-0.86
Diluted Shares Outstanding	6.1M	5.99M	5.98M	5.98M	6.26M	6.07M	6.14M	6.23M	6.29M	7.08M
Basic Shares Outstanding	5.89M	5.84M	5.88M	5.93M	5.99M	6.07M	6.14M	6.23M	6.29M	7.08M
Dividend Payout Ratio	0.64%	0.81%	0.95%	1.27%	-	-	-	-	-	-

Balance Sheet

	Feb 2016	Feb 2017	Feb 2018	Feb 2019	Feb 2020	Feb 2021	Feb 2022	Feb 2023	Feb 2024	Feb 2025
Total Current Assets+	15.44M	15.15M	15.57M	14.27M	13.61M	12.78M	15M	11.2M	9.6M	9.22M
Cash & Short-Term Investments	6.19M	5.78M	6.07M	5.38M	4.82M	5.63M	7.59M	4.72M	2.08M	720K
Cash Only	6.19M	5.78M	6.07M	5.38M	4.82M	5.63M	7.59M	4.72M	2.08M	720K
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	4.12M	4.14M	4.35M	4.29M	4.63M	2.87M	2.65M	2.42M	2.72M	3.48M
Days Sales Outstanding	37.14	39.45	41.66	45.37	53.05	48.08	32.81	29.08	35.5	42.94
Inventory	4.84M	4.98M	4.84M	4.27M	3.75M	4.06M	4.3M	3.64M	4.36M	4.63M
Days Inventory Outstanding	75.76	79.64	75.94	69.03	68.12	86.01	76.43	59.63	68.45	64.18
Other Current Assets	286.86K	256.55K	310.17K	318.13K	409.7K	213.81K	461.67K	423.85K	443K	393K
Total Non-Current Assets+	14.88M	14.27M	13.37M	11.96M	14.21M	12.17M	11.88M	10.78M	10.97M	11.95M
Property, Plant & Equipment	6.01M	6.46M	6.17M	5.79M	8.64M	7.08M	7.22M	8.07M	9.45M	10.65M
Fixed Asset Turnover	6.73x	5.93x	6.17x	5.97x	3.69x	3.07x	4.08x	3.77x	2.96x	2.78x
Goodwill	1.05M	1.05M	1.05M	1.05M	1.05M	729.7K	729.7K	575.61K	576K	576K
Intangible Assets	5.57M	5.46M	5.02M	4.18M	3.55M	2.92M	294.83K	265.93K	238K	210K
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	825.56K	445.41K	299.32K	338.25K	345.78K	306.55K	2.91M	1.87M	709K	516K
Total Assets+	30.32M	29.42M	28.94M	26.22M	27.82M	24.95M	26.88M	21.99M	20.58M	21.18M
Asset Turnover	1.33x	1.30x	1.32x	1.32x	1.14x	0.87x	1.10x	1.38x	1.36x	1.40x
Asset Growth %	-0.11%	-0.03%	-0.02%	-0.09%	0.06%	-0.1%	0.08%	-0.18%	-0.06%	0.03%
Total Current Liabilities+	8.01M	8.06M	8.21M	4.74M	5.61M	3.78M	5.31M	5.01M	8.07M	6.87M
Accounts Payable	1.66M	1.82M	1.65M	897.07K	2.24M	1.3M	1.5M	2.19M	3.41M	4.82M
Days Payables Outstanding	26.03	29.14	25.84	14.5	40.71	27.46	26.6	35.87	53.58	66.76
Short-Term Debt	1.25M	1.3M	1.35M	1.18M	0	0	0	0	1.25M	0
Deferred Revenue (Current)	1000K	1000K	1000K	998.38K	805.5K	812.17K	746.21K	754.07K	775K	788K
Other Current Liabilities	0	0	0	0	0	0	173.24K	178.94K	0	0
Current Ratio	1.93x	1.88x	1.90x	3.01x	2.43x	3.38x	2.82x	2.24x	1.19x	1.34x
Quick Ratio	1.32x	1.26x	1.31x	2.11x	1.76x	2.31x	2.01x	1.51x	0.65x	0.67x
Cash Conversion Cycle	86.87	89.96	91.76	99.89	80.46	106.63	82.64	52.83	50.38	40.36
Total Non-Current Liabilities+	3.83M	2.53M	1.18M	1.1M	2.86M	2.2M	2.17M	2.61M	1.87M	7.33M
Long-Term Debt	3.83M	2.53M	1.18M	0	0	0	0	0	0	5.96M
Capital Lease Obligations	0	0	0	0	1.89M	1.28M	1.22M	1.64M	1.19M	770K
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	0	0	0	159.6K	184.14K	0	0
Total Liabilities	11.84M	10.59M	9.38M	5.83M	8.46M	5.98M	7.48M	7.62M	9.94M	14.2M
Total Debt+	5.09M	3.83M	2.53M	1.18M	2.7M	1.96M	1.81M	2.39M	2.94M	7.21M
Net Debt	-1.11M	-1.95M	-3.54M	-4.21M	-2.12M	-3.67M	-5.77M	-2.33M	862K	6.5M
Debt / Equity	0.28x	0.20x	0.13x	0.06x	0.14x	0.10x	0.09x	0.17x	0.28x	1.03x
Debt / EBITDA	0.99x	0.56x	0.39x	0.25x	0.94x	-	39.74x	-	-	-
Net Debt / EBITDA	-0.22x	-0.29x	-0.54x	-0.89x	-0.74x	-	-126.46x	-	-	-
Interest Coverage	17.11x	32.31x	43.15x	42.46x	73.18x	-28.73x	-	-468.89x	-91.80x	-13.09x
Total Equity+	18.48M	18.83M	19.56M	20.39M	19.36M	18.97M	19.4M	14.37M	10.64M	6.97M
Equity Growth %	-0.06%	0.02%	0.04%	0.04%	-0.05%	-0.02%	0.02%	-0.26%	-0.26%	-0.34%
Book Value per Share	3.03	3.14	3.27	3.41	3.09	3.13	3.16	2.31	1.69	0.99
Total Shareholders' Equity	18.48M	18.83M	19.56M	20.39M	19.36M	18.97M	19.4M	14.37M	10.64M	6.97M
Common Stock	5.84K	5.85K	5.9K	5.96K	6.02K	6.07K	6.19K	6.26K	6.31K	8K
Retained Earnings	13.13M	13.28M	13.42M	13.73M	11.89M	10.99M	10.59M	4.91M	734.15K	-5.39M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Feb 2016	Feb 2017	Feb 2018	Feb 2019	Feb 2020	Feb 2021	Feb 2022	Feb 2023	Feb 2024	Feb 2025
Cash from Operations+	6.79M	5.32M	4.76M	4.02M	4.45M	67.35K	2.86M	-2.1M	-2.44M	-6.59M
Operating CF Margin %	0.17%	0.14%	0.12%	0.12%	0.14%	0%	0.1%	-0.07%	-0.09%	-0.22%
Operating CF Growth %	0.16%	-0.22%	-0.11%	-0.16%	0.11%	-0.98%	41.44%	-1.74%	-0.16%	-1.71%
Net Income	3.81M	3.45M	2.96M	2.24M	1.03M	-409.72K	-499.72K	-5.49M	-4.88M	-6.12M
Depreciation & Amortization	1.42M	1.29M	1.32M	1.71M	1.49M	778.45K	740.17K	765.26K	887K	950K
Stock-Based Compensation	763.09K	584.89K	591.84K	519.77K	866.18K	511.83K	1.07M	651.02K	438K	273K
Deferred Taxes	-1.88M	262.25K	23.41K	-78.93K	-22.66K	-496.49K	-267.58K	722.16K	0	0
Other Non-Cash Items	2.66M	275.29K	431.22K	584.92K	585.02K	333.43K	872.06K	1.35M	-289K	55K
Working Capital Changes	19.52K	-540.24K	-572.02K	-959.34K	497.67K	-650.15K	940.1K	-100.34K	1.41M	-1.75M
Change in Receivables	537.71K	-176.27K	-524.95K	-233.12K	-681.93K	598.25K	84.31K	473.69K	526K	-1.21M
Change in Inventory	144.45K	-2.73K	-365.32K	41.31K	297.31K	-634.46K	-581.43K	-70.07K	-879K	-297K
Change in Payables	-310.53K	-87.66K	96.49K	-545.59K	1.21M	-815.09K	200.56K	661.11K	975K	1.11M
Cash from Investing+	-693.89K	-1.29M	-339.52K	-506.17K	-911.41K	-70.99K	-605K	-767.82K	-1.45M	-1.66M
Capital Expenditures	-743.25K	-1.24M	-544.96K	-613.79K	-983.94K	-149.52K	-941.33K	-1M	-3.02M	-3.76M
CapEx % of Revenue	0.02%	0.03%	0.01%	0.02%	0.03%	0.01%	0.03%	0.03%	0.11%	0.13%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	49.36K	-54.41K	205.44K	107.61K	72.53K	78.52K	336.33K	232.2K	1.57M	2.11M
Cash from Financing+	-7.06M	-4.44M	-4.12M	-4.2M	-4.1M	814.86K	-299.06K	0	1.25M	6.89M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-2.84M	-2.8M	-2.82M	-2.84M	-2.87M	-722.34K	-61.28K	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	19.87K	-34.13K	0	0	0	107.7K	0	0	0	-50K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	5.96M	3.77M	4.2M	3.4M	3.39M	-181.22K	1.92M	-3.1M	-5.45M	-10.36M
FCF Margin %	0.15%	0.1%	0.11%	0.1%	0.11%	-0.01%	0.07%	-0.1%	-0.2%	-0.35%
FCF Growth %	0.14%	-0.37%	0.12%	-0.19%	-0%	-1.05%	11.58%	-2.62%	-0.76%	-0.9%
FCF per Share	0.98	0.63	0.70	0.57	0.54	-0.03	0.31	-0.50	-0.87	-1.46
FCF Conversion (FCF/Net Income)	1.53x	1.54x	1.61x	1.79x	4.31x	-0.07x	-8.36x	0.37x	0.58x	1.08x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	23.16%	18.5%	15.44%	11.21%	5.2%	-4.7%	-1.78%	-33.64%	-33.37%	-69.52%
Return on Invested Capital (ROIC)	15.37%	24.19%	23.81%	14.01%	6.25%	-12.58%	-3.6%	-28.58%	-31.24%	-35.7%
Gross Margin	42.36%	40.46%	38.87%	34.64%	36.9%	20.77%	30.39%	26.78%	16.86%	10.98%
Net Margin	10.94%	9.01%	7.78%	6.48%	3.25%	-4.13%	-1.16%	-18.67%	-14.93%	-20.7%
Debt / Equity	0.28x	0.20x	0.13x	0.06x	0.14x	0.10x	0.09x	0.17x	0.28x	1.03x
Interest Coverage	17.11x	32.31x	43.15x	42.46x	73.18x	-28.73x	-	-468.89x	-91.80x	-13.09x
FCF Conversion	1.53x	1.54x	1.61x	1.79x	4.31x	-0.07x	-8.36x	0.37x	0.58x	1.08x
Revenue Growth	-2.53%	-5.34%	-0.58%	-9.27%	-7.8%	-31.67%	35.5%	3.2%	-8.15%	5.82%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Product	-	-	-	-	-	19.18M	-	24.46M	22.02M	24.02M
Product Growth	-	-	-	-	-	-	-	-	-9.95%	9.05%
Franchise and Royalty Fees	-	-	-	-	-	4.3M	-	5.98M	5.93M	5.56M
Franchise and Royalty Fees Growth	-	-	-	-	-	-	-	-	-0.79%	-6.15%
Manufacturing	26.36M	25.42M	-	3.1M	22.57M	-	-	-	-	-
Manufacturing Growth	-	-3.54%	-	-	628.09%	-	-	-	-	-
Franchising	5.94M	5.95M	6M	-	5.54M	-	-	-	-	-
Franchising Growth	-	0.05%	0.91%	-	-	-	-	-	-	-
U-Swirl	6.54M	5.22M	4.14M	-	3.7M	-	-	-	-	-
U-Swirl Growth	-	-20.19%	-20.59%	-	-	-	-	-	-	-
Retail	-	-	1.88M	-	1.1M	-	-	-	-	-
Retail Growth	-	-	-	-	-	-	-	-	-	-
Others	-	-	-	-	-	-	-	-	-	-
Others Growth	-	-	-	-	-	-	-	-	-	-
Retail	1.62M	1.71M	-	-	-	-	-	-	-	-
Retail Growth	-	5.41%	-	-	-	-	-	-	-	-

Revenue by Geography

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
CANADA	-	-	-	-	-	-	1.7M	-	-	-
CANADA Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Rocky Mountain Chocolate Factory, Inc. (RMCF) reported $29.6M in revenue for fiscal year 2025. This represents a 14% decrease from $34.6M in 2012.

Rocky Mountain Chocolate Factory, Inc. (RMCF) grew revenue by 5.8% over the past year. This is steady growth.

Rocky Mountain Chocolate Factory, Inc. (RMCF) reported a net loss of $4.0M for fiscal year 2025.

Dividend & Returns

Rocky Mountain Chocolate Factory, Inc. (RMCF) has a return on equity (ROE) of -69.5%. Negative ROE indicates the company is unprofitable.

Rocky Mountain Chocolate Factory, Inc. (RMCF) had negative free cash flow of $2.1M in fiscal year 2025, likely due to heavy capital investments.

US Stock Screener

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Rocky Mountain Chocolate Factory, Inc. (RMCF) 10-Year Financial Performance & Capital Metrics

RMCF • • Industrial / General

Consumer DefensiveConfectionersSpecialty Retail & BeverageSpecialty Retail Confectioners

Revenue $30M +5.8%
EBITDA -$5M -24.3%
Net Income -$6M -46.7%
EPS (Diluted) -0.86 -30.3%
Gross Margin 10.98% -34.9%
EBITDA Margin -16.88% -17.5%
Operating Margin -20.09% -14.5%
Net Margin -20.7% -38.7%
ROE -69.52% -108.4%
ROIC -35.7% -14.3%
Debt/Equity 1.03 +273.7%
Interest Coverage -13.09 +85.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 80 (top 20%)
✓Efficient asset utilization: 1.4x turnover

✗Weaknesses

✗Weak Piotroski F-Score: 2/9
✗Negative free cash flow
✗Shares diluted 12.5% in last year

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-3.33%

5Y-1.47%

3Y0.1%

TTM6.08%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM16.26%

EPS CAGR

10Y-

5Y-

3Y-

TTM27.84%

ROCE

10Y Avg-3.27%

5Y Avg-23.76%

3Y Avg-34.32%

Latest-44.33%

Peer Comparison

Specialty Retail Confectioners

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
RMCFRocky Mountain Chocolate Factory, Inc.	18.29M	1.96	-2.28	5.82%	-13.62%	-67.2%		1.03

Profit & Loss

	Feb 2016	Feb 2017	Feb 2018	Feb 2019	Feb 2020	Feb 2021	Feb 2022	Feb 2023	Feb 2024	Feb 2025
Sales/Revenue+	40.46M	38.3M	38.07M	34.55M	31.85M	21.76M	29.49M	30.43M	27.95M	29.58M
Revenue Growth %	-0.03%	-0.05%	-0.01%	-0.09%	-0.08%	-0.32%	0.35%	0.03%	-0.08%	0.06%
Cost of Goods Sold+	23.32M	22.8M	23.27M	22.58M	20.1M	17.24M	20.53M	22.28M	23.24M	26.33M
COGS % of Revenue	0.58%	0.6%	0.61%	0.65%	0.63%	0.79%	0.7%	0.73%	0.83%	0.89%
Gross Profit+	17.14M	15.49M	14.8M	11.97M	11.75M	4.52M	8.96M	8.15M	4.71M	3.25M
Gross Margin %	0.42%	0.4%	0.39%	0.35%	0.37%	0.21%	0.3%	0.27%	0.17%	0.11%
Gross Profit Growth %	-0.08%	-0.1%	-0.04%	-0.19%	-0.02%	-0.62%	0.98%	-0.09%	-0.42%	-0.31%
Operating Expenses+	13.42M	9.97M	9.58M	8.96M	10.36M	7.25M	9.66M	13.04M	9.62M	9.19M
OpEx % of Revenue	0.33%	0.26%	0.25%	0.26%	0.33%	0.33%	0.33%	0.43%	0.34%	0.31%
Selling, General & Admin	7.13M	6.66M	6.39M	5.64M	7.66M	6.56M	8.93M	12.39M	8.81M	8.3M
SG&A % of Revenue	0.18%	0.17%	0.17%	0.16%	0.24%	0.3%	0.3%	0.41%	0.32%	0.28%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	6.29M	3.31M	3.19M	3.32M	2.7M	688.58K	726.27K	656.35K	809K	891K
Operating Income+	3.71M	5.52M	5.22M	3.01M	1.39M	-2.73M	-694.52K	-4.89M	-4.9M	-5.94M
Operating Margin %	0.09%	0.14%	0.14%	0.09%	0.04%	-0.13%	-0.02%	-0.16%	-0.18%	-0.2%
Operating Income Growth %	-0.38%	0.49%	-0.05%	-0.42%	-0.54%	-2.96%	0.75%	-6.04%	-0%	-0.21%
EBITDA+	5.13M	6.81M	6.54M	4.72M	2.88M	-1.95M	45.65K	-4.13M	-4.01M	-4.99M
EBITDA Margin %	0.13%	0.18%	0.17%	0.14%	0.09%	-0.09%	0%	-0.14%	-0.14%	-0.17%
EBITDA Growth %	-0.31%	0.33%	-0.04%	-0.28%	-0.39%	-1.68%	1.02%	-91.37%	0.03%	-0.24%
D&A (Non-Cash Add-back)	1.42M	1.29M	1.32M	1.71M	1.49M	778.45K	740.17K	765.26K	887K	950K
EBIT	3.76M	5.57M	5.25M	3.03M	1.42M	-1.06M	-516.53K	-4.86M	-4.82M	-5.67M
Net Interest Income+	-167.85K	-128.78K	-96.67K	-50.29K	10.72K	-76.92K	10.87K	16.49K	26.44K	-427K
Interest Income	49K	42K	24K	20.5K	29.74K	18K	10.87K	26.92K	79.84K	27K
Interest Expense	217K	171K	121K	70.79K	19.02K	95K	0	10.43K	53.4K	454K
Other Income/Expense	-167.85K	-128.78K	-96.67K	-50.29K	10.72K	1.57M	177.99K	16.49K	26K	-180K
Pretax Income+	3.55M	5.4M	5.12M	2.96M	1.4M	-1.16M	-516.53K	-4.87M	-4.88M	-6.12M
Pretax Margin %	0.09%	0.14%	0.13%	0.09%	0.04%	-0.05%	-0.02%	-0.16%	-0.17%	-0.21%
Income Tax+	-261.4K	1.95M	2.16M	716.86K	368.5K	-745.5K	-16.81K	613.84K	0	0
Effective Tax Rate %	1.25%	0.64%	0.58%	0.76%	0.74%	0.78%	0.66%	1.17%	0.86%	1%
Net Income+	4.43M	3.45M	2.96M	2.24M	1.03M	-899.78K	-341.7K	-5.68M	-4.17M	-6.12M
Net Margin %	0.11%	0.09%	0.08%	0.06%	0.03%	-0.04%	-0.01%	-0.19%	-0.15%	-0.21%
Net Income Growth %	0.12%	-0.22%	-0.14%	-0.24%	-0.54%	-1.87%	0.62%	-15.63%	0.27%	-0.47%
Net Income (Continuing)	3.81M	3.45M	2.96M	2.24M	1.03M	-409.72K	-499.72K	-5.49M	-4.88M	-6.12M
Discontinued Operations	0	0	0	0	0	-490.06K	158.02K	-192.42K	704K	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.73	0.58	0.50	0.37	0.17	-0.15	-0.06	-0.91	-0.66	-0.86
EPS Growth %	0.2%	-0.21%	-0.14%	-0.26%	-0.54%	-1.88%	0.63%	-15.37%	0.27%	-0.3%
EPS (Basic)	0.75	0.59	0.50	0.38	0.17	-0.15	-0.06	-0.91	-0.66	-0.86
Diluted Shares Outstanding	6.1M	5.99M	5.98M	5.98M	6.26M	6.07M	6.14M	6.23M	6.29M	7.08M
Basic Shares Outstanding	5.89M	5.84M	5.88M	5.93M	5.99M	6.07M	6.14M	6.23M	6.29M	7.08M
Dividend Payout Ratio	0.64%	0.81%	0.95%	1.27%	-	-	-	-	-	-

Balance Sheet

	Feb 2016	Feb 2017	Feb 2018	Feb 2019	Feb 2020	Feb 2021	Feb 2022	Feb 2023	Feb 2024	Feb 2025
Total Current Assets+	15.44M	15.15M	15.57M	14.27M	13.61M	12.78M	15M	11.2M	9.6M	9.22M
Cash & Short-Term Investments	6.19M	5.78M	6.07M	5.38M	4.82M	5.63M	7.59M	4.72M	2.08M	720K
Cash Only	6.19M	5.78M	6.07M	5.38M	4.82M	5.63M	7.59M	4.72M	2.08M	720K
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	4.12M	4.14M	4.35M	4.29M	4.63M	2.87M	2.65M	2.42M	2.72M	3.48M
Days Sales Outstanding	37.14	39.45	41.66	45.37	53.05	48.08	32.81	29.08	35.5	42.94
Inventory	4.84M	4.98M	4.84M	4.27M	3.75M	4.06M	4.3M	3.64M	4.36M	4.63M
Days Inventory Outstanding	75.76	79.64	75.94	69.03	68.12	86.01	76.43	59.63	68.45	64.18
Other Current Assets	286.86K	256.55K	310.17K	318.13K	409.7K	213.81K	461.67K	423.85K	443K	393K
Total Non-Current Assets+	14.88M	14.27M	13.37M	11.96M	14.21M	12.17M	11.88M	10.78M	10.97M	11.95M
Property, Plant & Equipment	6.01M	6.46M	6.17M	5.79M	8.64M	7.08M	7.22M	8.07M	9.45M	10.65M
Fixed Asset Turnover	6.73x	5.93x	6.17x	5.97x	3.69x	3.07x	4.08x	3.77x	2.96x	2.78x
Goodwill	1.05M	1.05M	1.05M	1.05M	1.05M	729.7K	729.7K	575.61K	576K	576K
Intangible Assets	5.57M	5.46M	5.02M	4.18M	3.55M	2.92M	294.83K	265.93K	238K	210K
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	825.56K	445.41K	299.32K	338.25K	345.78K	306.55K	2.91M	1.87M	709K	516K
Total Assets+	30.32M	29.42M	28.94M	26.22M	27.82M	24.95M	26.88M	21.99M	20.58M	21.18M
Asset Turnover	1.33x	1.30x	1.32x	1.32x	1.14x	0.87x	1.10x	1.38x	1.36x	1.40x
Asset Growth %	-0.11%	-0.03%	-0.02%	-0.09%	0.06%	-0.1%	0.08%	-0.18%	-0.06%	0.03%
Total Current Liabilities+	8.01M	8.06M	8.21M	4.74M	5.61M	3.78M	5.31M	5.01M	8.07M	6.87M
Accounts Payable	1.66M	1.82M	1.65M	897.07K	2.24M	1.3M	1.5M	2.19M	3.41M	4.82M
Days Payables Outstanding	26.03	29.14	25.84	14.5	40.71	27.46	26.6	35.87	53.58	66.76
Short-Term Debt	1.25M	1.3M	1.35M	1.18M	0	0	0	0	1.25M	0
Deferred Revenue (Current)	1000K	1000K	1000K	998.38K	805.5K	812.17K	746.21K	754.07K	775K	788K
Other Current Liabilities	0	0	0	0	0	0	173.24K	178.94K	0	0
Current Ratio	1.93x	1.88x	1.90x	3.01x	2.43x	3.38x	2.82x	2.24x	1.19x	1.34x
Quick Ratio	1.32x	1.26x	1.31x	2.11x	1.76x	2.31x	2.01x	1.51x	0.65x	0.67x
Cash Conversion Cycle	86.87	89.96	91.76	99.89	80.46	106.63	82.64	52.83	50.38	40.36
Total Non-Current Liabilities+	3.83M	2.53M	1.18M	1.1M	2.86M	2.2M	2.17M	2.61M	1.87M	7.33M
Long-Term Debt	3.83M	2.53M	1.18M	0	0	0	0	0	0	5.96M
Capital Lease Obligations	0	0	0	0	1.89M	1.28M	1.22M	1.64M	1.19M	770K
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	0	0	0	159.6K	184.14K	0	0
Total Liabilities	11.84M	10.59M	9.38M	5.83M	8.46M	5.98M	7.48M	7.62M	9.94M	14.2M
Total Debt+	5.09M	3.83M	2.53M	1.18M	2.7M	1.96M	1.81M	2.39M	2.94M	7.21M
Net Debt	-1.11M	-1.95M	-3.54M	-4.21M	-2.12M	-3.67M	-5.77M	-2.33M	862K	6.5M
Debt / Equity	0.28x	0.20x	0.13x	0.06x	0.14x	0.10x	0.09x	0.17x	0.28x	1.03x
Debt / EBITDA	0.99x	0.56x	0.39x	0.25x	0.94x	-	39.74x	-	-	-
Net Debt / EBITDA	-0.22x	-0.29x	-0.54x	-0.89x	-0.74x	-	-126.46x	-	-	-
Interest Coverage	17.11x	32.31x	43.15x	42.46x	73.18x	-28.73x	-	-468.89x	-91.80x	-13.09x
Total Equity+	18.48M	18.83M	19.56M	20.39M	19.36M	18.97M	19.4M	14.37M	10.64M	6.97M
Equity Growth %	-0.06%	0.02%	0.04%	0.04%	-0.05%	-0.02%	0.02%	-0.26%	-0.26%	-0.34%
Book Value per Share	3.03	3.14	3.27	3.41	3.09	3.13	3.16	2.31	1.69	0.99
Total Shareholders' Equity	18.48M	18.83M	19.56M	20.39M	19.36M	18.97M	19.4M	14.37M	10.64M	6.97M
Common Stock	5.84K	5.85K	5.9K	5.96K	6.02K	6.07K	6.19K	6.26K	6.31K	8K
Retained Earnings	13.13M	13.28M	13.42M	13.73M	11.89M	10.99M	10.59M	4.91M	734.15K	-5.39M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Feb 2016	Feb 2017	Feb 2018	Feb 2019	Feb 2020	Feb 2021	Feb 2022	Feb 2023	Feb 2024	Feb 2025
Cash from Operations+	6.79M	5.32M	4.76M	4.02M	4.45M	67.35K	2.86M	-2.1M	-2.44M	-6.59M
Operating CF Margin %	0.17%	0.14%	0.12%	0.12%	0.14%	0%	0.1%	-0.07%	-0.09%	-0.22%
Operating CF Growth %	0.16%	-0.22%	-0.11%	-0.16%	0.11%	-0.98%	41.44%	-1.74%	-0.16%	-1.71%
Net Income	3.81M	3.45M	2.96M	2.24M	1.03M	-409.72K	-499.72K	-5.49M	-4.88M	-6.12M
Depreciation & Amortization	1.42M	1.29M	1.32M	1.71M	1.49M	778.45K	740.17K	765.26K	887K	950K
Stock-Based Compensation	763.09K	584.89K	591.84K	519.77K	866.18K	511.83K	1.07M	651.02K	438K	273K
Deferred Taxes	-1.88M	262.25K	23.41K	-78.93K	-22.66K	-496.49K	-267.58K	722.16K	0	0
Other Non-Cash Items	2.66M	275.29K	431.22K	584.92K	585.02K	333.43K	872.06K	1.35M	-289K	55K
Working Capital Changes	19.52K	-540.24K	-572.02K	-959.34K	497.67K	-650.15K	940.1K	-100.34K	1.41M	-1.75M
Change in Receivables	537.71K	-176.27K	-524.95K	-233.12K	-681.93K	598.25K	84.31K	473.69K	526K	-1.21M
Change in Inventory	144.45K	-2.73K	-365.32K	41.31K	297.31K	-634.46K	-581.43K	-70.07K	-879K	-297K
Change in Payables	-310.53K	-87.66K	96.49K	-545.59K	1.21M	-815.09K	200.56K	661.11K	975K	1.11M
Cash from Investing+	-693.89K	-1.29M	-339.52K	-506.17K	-911.41K	-70.99K	-605K	-767.82K	-1.45M	-1.66M
Capital Expenditures	-743.25K	-1.24M	-544.96K	-613.79K	-983.94K	-149.52K	-941.33K	-1M	-3.02M	-3.76M
CapEx % of Revenue	0.02%	0.03%	0.01%	0.02%	0.03%	0.01%	0.03%	0.03%	0.11%	0.13%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	49.36K	-54.41K	205.44K	107.61K	72.53K	78.52K	336.33K	232.2K	1.57M	2.11M
Cash from Financing+	-7.06M	-4.44M	-4.12M	-4.2M	-4.1M	814.86K	-299.06K	0	1.25M	6.89M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-2.84M	-2.8M	-2.82M	-2.84M	-2.87M	-722.34K	-61.28K	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	19.87K	-34.13K	0	0	0	107.7K	0	0	0	-50K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	5.96M	3.77M	4.2M	3.4M	3.39M	-181.22K	1.92M	-3.1M	-5.45M	-10.36M
FCF Margin %	0.15%	0.1%	0.11%	0.1%	0.11%	-0.01%	0.07%	-0.1%	-0.2%	-0.35%
FCF Growth %	0.14%	-0.37%	0.12%	-0.19%	-0%	-1.05%	11.58%	-2.62%	-0.76%	-0.9%
FCF per Share	0.98	0.63	0.70	0.57	0.54	-0.03	0.31	-0.50	-0.87	-1.46
FCF Conversion (FCF/Net Income)	1.53x	1.54x	1.61x	1.79x	4.31x	-0.07x	-8.36x	0.37x	0.58x	1.08x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	23.16%	18.5%	15.44%	11.21%	5.2%	-4.7%	-1.78%	-33.64%	-33.37%	-69.52%
Return on Invested Capital (ROIC)	15.37%	24.19%	23.81%	14.01%	6.25%	-12.58%	-3.6%	-28.58%	-31.24%	-35.7%
Gross Margin	42.36%	40.46%	38.87%	34.64%	36.9%	20.77%	30.39%	26.78%	16.86%	10.98%
Net Margin	10.94%	9.01%	7.78%	6.48%	3.25%	-4.13%	-1.16%	-18.67%	-14.93%	-20.7%
Debt / Equity	0.28x	0.20x	0.13x	0.06x	0.14x	0.10x	0.09x	0.17x	0.28x	1.03x
Interest Coverage	17.11x	32.31x	43.15x	42.46x	73.18x	-28.73x	-	-468.89x	-91.80x	-13.09x
FCF Conversion	1.53x	1.54x	1.61x	1.79x	4.31x	-0.07x	-8.36x	0.37x	0.58x	1.08x
Revenue Growth	-2.53%	-5.34%	-0.58%	-9.27%	-7.8%	-31.67%	35.5%	3.2%	-8.15%	5.82%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Product	-	-	-	-	-	19.18M	-	24.46M	22.02M	24.02M
Product Growth	-	-	-	-	-	-	-	-	-9.95%	9.05%
Franchise and Royalty Fees	-	-	-	-	-	4.3M	-	5.98M	5.93M	5.56M
Franchise and Royalty Fees Growth	-	-	-	-	-	-	-	-	-0.79%	-6.15%
Manufacturing	26.36M	25.42M	-	3.1M	22.57M	-	-	-	-	-
Manufacturing Growth	-	-3.54%	-	-	628.09%	-	-	-	-	-
Franchising	5.94M	5.95M	6M	-	5.54M	-	-	-	-	-
Franchising Growth	-	0.05%	0.91%	-	-	-	-	-	-	-
U-Swirl	6.54M	5.22M	4.14M	-	3.7M	-	-	-	-	-
U-Swirl Growth	-	-20.19%	-20.59%	-	-	-	-	-	-	-
Retail	-	-	1.88M	-	1.1M	-	-	-	-	-
Retail Growth	-	-	-	-	-	-	-	-	-	-
Others	-	-	-	-	-	-	-	-	-	-
Others Growth	-	-	-	-	-	-	-	-	-	-
Retail	1.62M	1.71M	-	-	-	-	-	-	-	-
Retail Growth	-	5.41%	-	-	-	-	-	-	-	-

Revenue by Geography

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
CANADA	-	-	-	-	-	-	1.7M	-	-	-
CANADA Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Rocky Mountain Chocolate Factory, Inc. (RMCF) reported $29.6M in revenue for fiscal year 2025. This represents a 14% decrease from $34.6M in 2012.

Rocky Mountain Chocolate Factory, Inc. (RMCF) grew revenue by 5.8% over the past year. This is steady growth.

Rocky Mountain Chocolate Factory, Inc. (RMCF) reported a net loss of $4.0M for fiscal year 2025.

Dividend & Returns

Rocky Mountain Chocolate Factory, Inc. (RMCF) has a return on equity (ROE) of -69.5%. Negative ROE indicates the company is unprofitable.

Rocky Mountain Chocolate Factory, Inc. (RMCF) had negative free cash flow of $2.1M in fiscal year 2025, likely due to heavy capital investments.