ROCKY BRANDS, INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $482.0M | $453.8M | $461.8M | $615.5M | $514.2M | $277.3M | $270.4M | $252.7M |
| Cost of Revenue | $284.7M | $274.8M | $283.2M | $390.3M | $319.7M | $172.6M | $172.7M | $165.7M |
| Gross Profit | $197.3M | $179.0M | $178.6M | $225.2M | $194.5M | $104.7M | $97.7M | $87.0M |
| Gross Margin | 40.9% | 39.4% | 38.7% | 36.6% | 37.8% | 37.8% | 36.1% | 34.4% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $37.2M | $31.1M | $35.4M | $44.0M | $36.0M | $27.2M | $22.1M | $18.1M |
| Operating Margin | 7.7% | 6.8% | 7.7% | 7.2% | 7.0% | 9.8% | 8.2% | 7.1% |
| Interest Expense | $10.0M | $17.0M | $22.7M | $18.3M | $10.6M | $200.0K | — | — |
| Pretax Income | $27.2M | $14.1M | $14.2M | $25.8M | $25.4M | $27.0M | $22.2M | $17.9M |
| Income Tax Expense | $4.9M | $2.7M | $3.7M | $5.3M | $4.8M | $6.0M | $4.8M | $3.3M |
| Net Income | $22.3M | $11.4M | $10.4M | $20.5M | $20.6M | $21.0M | $17.5M | $14.6M |
| Net Margin | 4.6% | 2.5% | 2.3% | 3.3% | 4.0% | 7.6% | 6.5% | 5.8% |
| EPS (Basic) | $2.98 | $1.53 | $1.42 | $2.80 | $2.82 | $2.87 | $2.36 | $1.96 |
| EPS (Diluted) | $2.96 | $1.52 | $1.41 | $2.78 | $2.77 | $2.86 | $2.35 | $1.95 |
| Shares Outstanding (Basic) | 7.5M | 7.4M | 7.4M | 7.3M | 7.3M | 7.3M | 7.4M | 7.4M |
| Shares Outstanding (Diluted) | 7.5M | 7.5M | 7.4M | 7.4M | 7.4M | 7.3M | 7.4M | 7.5M |
| Dividends Per Share | $0.62 | $0.62 | $0.62 | $0.62 | $0.59 | $0.56 | $0.54 | $0.47 |