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Rocky Brands, Inc.. (RCKY) Fundamental Analysis & AI Grade 2026

RCKY Nasdaq Footwear, (No Rubber) OH CIK: 0000895456
Updated This Month • Analysis: May 6, 2026 • SEC Data: 2026-03-31
Combined AI Grade
C
82% Confidence
N/A
C
82% Conf
Pending
Analysis scheduled

📊 RCKY Key Takeaways

Revenue: $124.4M
Net Margin: 1.0%
Free Cash Flow: $744.0K
Current Ratio: 2.90x
Debt/Equity: 0.48x
EPS: $0.17
AI Grade: C with 82% confidence
Rocky Brands, Inc.. (RCKY) receives a C fundamental grade with 82% confidence from our AI analysis based on SEC 10-K filings. With revenue of $124.4M, net profit margin of 1.0%, and return on equity (ROE) of 0.5%, Rocky Brands, Inc.. demonstrates mixed fundamentals in the Market sector. Below is our complete RCKY stock analysis for 2026.

Is Rocky Brands, Inc.. (RCKY) a Good Investment?

Claude

Rocky Brands exhibits severe profitability stress with a critical 0.4x interest coverage ratio, indicating operating income cannot service debt obligations. Despite 6.2% revenue growth and acceptable gross margins of 36.5%, razor-thin operating (2.9%) and net margins (1.0%), coupled with minimal cash generation ($744K free cash flow), signal financial distress and limited viability without substantial operational improvement.

Rocky Brands, Inc.. Key Strengths (RCKY)

Claude
  • + Revenue growth of 6.2% YoY demonstrates market demand
  • + Current ratio of 2.90x shows adequate short-term liquidity
  • + Debt-to-equity of 0.48x indicates moderate leverage levels

RCKY Stock Risks: Rocky Brands, Inc.. Investment Risks

Claude
  • ! Interest coverage of 0.4x is critical—operating income cannot cover interest payments
  • ! Net margin of 1.0% and operating margin of 2.9% are dangerously low with minimal profitability cushion
  • ! Free cash flow of only $744K provides insufficient buffer for debt service, capex, or operational challenges
  • ! Cash balance of $1.7M is inadequate relative to $122.2M long-term debt
  • ! ROE of 0.5% and ROA of 0.3% show extremely poor capital efficiency

Key Metrics to Watch

Claude
  • * Interest coverage ratio trend—must exceed 1.5x to indicate sustainable debt service
  • * Operating margin improvement—needs to expand significantly from 2.9% to achieve profitability
  • * Free cash flow generation—currently insufficient to cover debt obligations and growth investments
  • * Cash reserves—critical to monitor given low balance relative to debt load

Rocky Brands, Inc.. (RCKY) Financial Metrics & Key Ratios

Revenue
$124.4M
Net Income
$1.3M
EPS (Diluted)
$0.17
Free Cash Flow
$744.0K
Total Assets
$477.2M
Cash Position
$1.7M

💡 AI Analyst Insight

The relatively thin 0.6% FCF margin may limit capital allocation flexibility. Strong liquidity with a 2.90x current ratio provides a solid financial cushion.

RCKY Profit Margin, ROE & Profitability Analysis

Gross Margin 36.5%
Operating Margin 2.9%
Net Margin 1.0%
ROE 0.5%
ROA 0.3%
FCF Margin 0.6%

RCKY vs Market Sector: How Rocky Brands, Inc.. Compares

How Rocky Brands, Inc.. compares to Market sector averages

Net Margin
RCKY 1.0%
vs
Sector Avg 12.0%
RCKY Sector
ROE
RCKY 0.5%
vs
Sector Avg 15.0%
RCKY Sector
Current Ratio
RCKY 2.9x
vs
Sector Avg 1.8x
RCKY Sector
Debt/Equity
RCKY 0.5x
vs
Sector Avg 0.7x
RCKY Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Rocky Brands, Inc.. Stock Overvalued? RCKY Valuation Analysis 2026

Based on fundamental analysis, Rocky Brands, Inc.. has mixed fundamental signals relative to the Market sector in 2026.

Return on Equity
0.5%
Sector avg: 15%
Net Profit Margin
1.0%
Sector avg: 12%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.48x
Sector avg: 0.7x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Rocky Brands, Inc.. Balance Sheet: RCKY Debt, Cash & Liquidity

Current Ratio
2.90x
Quick Ratio
1.02x
Debt/Equity
0.48x
Debt/Assets
47.1%
Interest Coverage
0.36x
Long-term Debt
$122.2M

RCKY Revenue & Earnings Growth: 5-Year Financial Trend

RCKY 5-year financial data: Year 2021: Revenue $514.2M, Net Income $21.0M, EPS $2.86. Year 2022: Revenue $615.5M, Net Income $21.0M, EPS $2.86. Year 2023: Revenue $615.5M, Net Income $20.6M, EPS $2.77. Year 2024: Revenue $615.5M, Net Income $20.5M, EPS $2.78. Year 2025: Revenue $482.0M, Net Income $11.4M, EPS $1.52.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Rocky Brands, Inc..'s revenue has remained relatively flat over the 5-year period, with a 6% decline. The most recent EPS of $1.52 reflects profitable operations.

RCKY Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
0.6%
Free cash flow / Revenue

RCKY Quarterly Earnings & Performance

Quarterly financial performance data for Rocky Brands, Inc.. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $114.1M $1.3M $0.17
Q3 2025 $114.6M -$1.2M $0.70
Q2 2025 $98.3M -$1.2M $-0.17
Q1 2025 $112.9M $2.6M $0.34
Q3 2024 $114.6M -$398.0K $0.50
Q2 2024 $98.3M -$398.0K $-0.17
Q1 2024 $110.4M -$398.0K $-0.05
Q3 2023 $125.6M -$398.0K $0.50

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Rocky Brands, Inc.. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$1.9M
Cash generated from operations
Capital Expenditures
$1.1M
Investment in assets
Dividends Paid
$1.2M
Returned to shareholders

RCKY SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Rocky Brands, Inc.. (CIK: 0000895456)

📋 Recent SEC Filings

Date Form Document Action
May 18, 2026 8-K rcky20260518_8k.htm View →
May 5, 2026 10-Q rcky20260331_10q.htm View →
Apr 28, 2026 DEF 14A rcky20260417_def14a.htm View →
Apr 28, 2026 8-K rcky20260316_8k.htm View →
Apr 3, 2026 4 xslF345X06/doc4.xml View →

Frequently Asked Questions about RCKY

What is the AI rating for RCKY?

Rocky Brands, Inc.. (RCKY) has an AI grade of C with 82% confidence, based on fundamental analysis of SEC EDGAR filings.

What are RCKY's key strengths?

Claude: Revenue growth of 6.2% YoY demonstrates market demand. Current ratio of 2.90x shows adequate short-term liquidity.

What are the risks of investing in RCKY?

Claude: Interest coverage of 0.4x is critical—operating income cannot cover interest payments. Net margin of 1.0% and operating margin of 2.9% are dangerously low with minimal profitability cushion.

What is RCKY's revenue and growth?

Rocky Brands, Inc.. reported revenue of $124.4M.

Does RCKY pay dividends?

Rocky Brands, Inc.. pays dividends, with $1.2M distributed to shareholders in the trailing twelve months.

Where can I find RCKY SEC filings?

Official SEC filings for Rocky Brands, Inc.. (CIK: 0000895456) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is RCKY's EPS?

Rocky Brands, Inc.. has a diluted EPS of $0.17.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is RCKY's fundamental grade?

Based on our AI fundamental analysis in May 2026, Rocky Brands, Inc.. has a C grade with 82% confidence. Review the strengths and risks sections above for full context. This is not investment advice.

Is RCKY stock overvalued or undervalued?

Valuation metrics for RCKY: ROE of 0.5% (sector avg: 15%), net margin of 1.0% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.

What is RCKY's AI grade for 2026?

Our dual AI analysis gives Rocky Brands, Inc.. a combined C grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is RCKY's free cash flow?

Rocky Brands, Inc..'s operating cash flow is $1.9M, with capital expenditures of $1.1M. FCF margin is 0.6%.

How does RCKY compare to other Market stocks?

Vs Default sector averages: Net margin 1.0% (avg: 12%), ROE 0.5% (avg: 15%), current ratio 2.90 (avg: 1.8).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 6, 2026 | Data as of: 2026-03-31 | Powered by Claude AI