ROCKY BRANDS, INC.
RCKY · Footwear, (No Rubber) · 7.5M shares · +0%/yr ↑ shares · EDGAR filings ↗
Reference price $30.56 · est. market cap ~$230M — last insider sale, 2025-11-26 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C58Work/western footwear maker with rebounding earnings and adequate liquidity, but thin quick liquidity and small scale.
Strengths
- Earnings rebound — net income +95.6% (86th)
- Profitable with positive FCF — ROE 8.8% (54th), FCF $9.7M
- Adequate liquidity — current ratio 2.82 (71st)
Risks
- Weak quick liquidity — 0.93 (21st)
- Moderate leverage — D/E 0.45 (58th)
- Small scale, niche footwear end-markets — qualitative (per 10-K)
Notable findings
- RestatementDuring the second quarter of 2024, we amended and restated our Original ABL Facility (as such term is defined in Note 7 - Long-Term Debt of our Consolidated Financial Statements) which resulted in a r 8-K ↗
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- China exposure● foreign governmental regulation and taxation, including tariffs, import and export controls and other non-tariff barriers; ● fluctuations in foreign exchange rates; ● changes in econo
- Notable holderHeld by 5 notable fund(s): STATE STREET CORP, RENAISSANCE TECHNOLOGIES LLC, GOLDMAN SACHS GROUP INC +2 more (as of 2026-03-31)
- New fund positionNotable fund(s) opened this quarter: CITADEL ADVISORS LLC
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Return on equity
8.8%
Return on assets
4.7%
ROIC
8.0%
Revenue growth (QoQ)
38.4%
Net-income growth
95.6%
Debt / equity
0.5×
Net debt / EBITDA
2.4×
Current ratio
2.8×
Free cash flow
$10M
EBITDA
$47M
Tangible book value
$101M
Cash & investments
$3M
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-04-01 | Smith Dwight Eric | Grant | 503 | — |
| 2026-04-01 | Hahn Robyn R. | Grant | 503 | — |
| 2026-04-01 | Finn Michael L | Grant | 503 | — |
| 2026-04-01 | Moore Robert Burton Jr. | Grant | 503 | — |
| 2026-04-01 | Winbigler Tracie A. | Grant | 503 | — |
| 2026-04-01 | LOVELAND CURTIS A | Grant | 503 | — |
| 2026-04-01 | Jordan William L | Grant | 503 | — |
| 2026-04-01 | Haning G Courtney | Grant | 503 | — |
| 2026-01-01 | Jordan William L | Grant | 664 | — |
| 2026-01-01 | Hahn Robyn R. | Grant | 664 | — |
| 2026-01-01 | Finn Michael L | Grant | 664 | — |
| 2026-01-01 | Brooks Jason | Option exercise | 4.2K | — |
| 2026-01-01 | Haning G Courtney | Grant | 664 | — |
| 2026-01-01 | Wortham Byron | Option exercise | 3.4K | — |
| 2026-01-01 | Wortham Byron | Tax withheld | 746 | $29.33 |
| 2026-01-01 | Winbigler Tracie A. | Grant | 664 | — |
| 2026-01-01 | Smith Dwight Eric | Grant | 664 | — |
| 2026-01-01 | Robertson Thomas D. | Option exercise | 3.8K | — |
| 2026-01-01 | Moore Robert Burton Jr. | Grant | 664 | — |
| 2026-01-01 | LOVELAND CURTIS A | Grant | 664 | — |
| 2025-11-26 | Hahn Robyn R. | Sell | 3.8K | $30.56 |
| 2025-11-12 | Robertson Thomas D. | Option exercise | 652 | — |
| 2025-11-06 | LOVELAND CURTIS A | Sell | 4.8K | $32.43 |
| 2025-11-06 | LOVELAND CURTIS A | Sell | 2.2K | $32.39 |
| 2025-11-06 | Smith Dwight Eric | Buy | 300 | $28.98 |
| 2025-11-05 | LOVELAND CURTIS A | Sell | 2.6K | $29.65 |
| 2025-11-05 | Wortham Byron | Option exercise | 400 | $11.55 |
| 2025-11-05 | Wortham Byron | Option exercise | 2.0K | $18.90 |
| 2025-11-05 | LOVELAND CURTIS A | Sell | 1.0K | $28.75 |
| 2025-11-05 | Wortham Byron | Sell | 6.6K | $29.90 |
| 2025-11-04 | LOVELAND CURTIS A | Option exercise | 5.0K | $28.07 |
| 2025-11-04 | LOVELAND CURTIS A | Sell | 4.0K | $28.80 |
| 2025-11-03 | Brooks Jason | Option exercise | 1.2K | $11.56 |
| 2025-10-01 | Haning G Courtney | Grant | 629 | — |
| 2025-10-01 | Winbigler Tracie A. | Grant | 629 | — |
| 2025-10-01 | Smith Dwight Eric | Grant | 629 | — |
| 2025-10-01 | Moore Robert Burton Jr. | Grant | 629 | — |
| 2025-10-01 | LOVELAND CURTIS A | Grant | 629 | — |
| 2025-10-01 | Jordan William L | Grant | 629 | — |
| 2025-10-01 | Hahn Robyn R. | Grant | 629 | — |
| 2025-10-01 | Finn Michael L | Grant | 629 | — |
| 2025-09-04 | Finn Michael L | Sell | 5.0K | $29.73 |
| 2025-09-04 | Finn Michael L | Option exercise | 5.0K | $28.07 |
| 2025-09-03 | Hahn Robyn R. | Sell | 2.5K | $29.52 |
| 2025-09-03 | Winbigler Tracie A. | Option exercise | 5.0K | $28.07 |
| 2025-09-02 | Winbigler Tracie A. | Sell | 5.0K | $29.95 |
| 2025-08-29 | Haning G Courtney | Option exercise | 5.0K | $28.07 |
| 2025-08-29 | Jordan William L | Sell | 5.0K | $30.10 |
| 2025-08-28 | Jordan William L | Option exercise | 5.0K | $28.07 |
| 2025-08-26 | Haning G Courtney | Sell | 5.0K | $31.00 |
| 2025-07-01 | Finn Michael L | Grant | 844 | — |
| 2025-07-01 | Hahn Robyn R. | Grant | 844 | — |
| 2025-07-01 | Haning G Courtney | Grant | 844 | — |
| 2025-07-01 | Jordan William L | Grant | 844 | — |
| 2025-07-01 | LOVELAND CURTIS A | Grant | 844 | — |
| 2025-07-01 | Moore Robert Burton Jr. | Grant | 844 | — |
| 2025-07-01 | Smith Dwight Eric | Grant | 844 | — |
| 2025-07-01 | Winbigler Tracie A. | Grant | 844 | — |
| 2025-06-04 | Smith Dwight Eric | Buy | 200 | $23.46 |
| 2025-04-01 | Winbigler Tracie A. | Grant | 1.1K | — |
| 2025-04-01 | Moore Robert Burton Jr. | Grant | 1.1K | — |
| 2025-04-01 | Smith Dwight Eric | Grant | 1.1K | — |
| 2025-04-01 | LOVELAND CURTIS A | Grant | 1.1K | — |
| 2025-04-01 | Jordan William L | Grant | 1.1K | — |
| 2025-04-01 | Haning G Courtney | Grant | 1.1K | — |
| 2025-04-01 | Hahn Robyn R. | Grant | 1.1K | — |
| 2025-04-01 | Finn Michael L | Grant | 1.1K | — |
| 2025-03-04 | Smith Dwight Eric | Buy | 1.0K | $18.61 |
| 2025-01-01 | Winbigler Tracie A. | Grant | 822 | — |
| 2025-01-01 | Smith Dwight Eric | Grant | 822 | — |
| 2025-01-01 | Moore Robert Burton Jr. | Grant | 822 | — |
| 2025-01-01 | LOVELAND CURTIS A | Grant | 822 | — |
| 2025-01-01 | Jordan William L | Grant | 822 | — |
| 2025-01-01 | Haning G Courtney | Grant | 822 | — |
| 2025-01-01 | Hahn Robyn R. | Grant | 822 | — |
| 2025-01-01 | Finn Michael L | Grant | 822 | — |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (6)
- Amazon
- Boot Barn
- Tractor Supply Company
- Bass Pro
- Army Air Force Exchange Service (AAFES)
- U.S. Military
Suppliers (1)
- Michelin
Named in the 10-K; linked when we track them.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-05 | 2026-06-03 | 0001437749-26-019666 ↗ |
| 8-K | 2026-05-18 | 2026-05-18 | 0001437749-26-017649 ↗ |
| 10-Q | 2026-05-05 | 2026-03-31 | 0001437749-26-014746 ↗ |
| 8-K | 2026-04-28 | 2026-04-28 | 0001437749-26-013665 ↗ |
| 10-K | 2026-03-11 | 2025-12-31 | 0001437749-26-007634 ↗ |
| 8-K | 2026-02-24 | 2026-02-23 | 0001437749-26-005341 ↗ |
| 10-Q | 2025-11-06 | 2025-09-30 | 0001437749-25-033481 ↗ |
| 8-K | 2025-10-28 | 2025-10-28 | 0001437749-25-031962 ↗ |
| 10-Q | 2025-08-07 | 2025-06-30 | 0001437749-25-025432 ↗ |
| 8-K | 2025-07-29 | 2025-07-29 | 0001437749-25-023782 ↗ |
| 8-K | 2025-06-04 | 2025-06-03 | 0001437749-25-019433 ↗ |
| 10-Q | 2025-05-08 | 2025-03-31 | 0001437749-25-015485 ↗ |