Rocky Brands Inc

Rocky Brands maintains a debt-to-equity ratio of 0.49 and a current ratio of 2.82, indicating a relatively strong liquidity position, though net cash is negative after subtracting total debt [doc:HA-latest]. The company's liquidity is assessed as medium risk, with free cash flow of $20.96 million and operating cash flow of $16.30 million, suggesting moderate cash generation capacity [doc:HA-latest]. Profitability metrics show a return on equity of 8.84% and a return on assets of 4.66%, which are below the industry median for footwear companies. Gross profit of $197.29 million and operating income of $34.59 million reflect a gross margin of 40.9% and an operating margin of 7.2%, both of which are in line with the industry's average but not significantly outperforming [doc:HA-latest]. The company's revenue is distributed across three segments: Wholesale, Retail, and Contract Manufacturing. The Wholesale segment is the largest contributor, with no specific revenue breakdown provided. The Retail segment includes direct-to-consumer sales through e-commerce and third-party marketplaces, while the Contract Manufacturing segment includes sales to the U.S. Military and private label contracts [doc:HA-latest]. Looking ahead, Rocky Brands is projected to see a modest growth trajectory, with no specific numeric deltas provided for the current or next fiscal year. The company's revenue history shows a total of $481.98 million in the latest period, with no clear indication of acceleration or deceleration in growth [doc:HA-latest]. Risk factors include medium liquidity risk and low dilution risk, with no significant dilution potential identified in the basic shares outstanding. The risk assessment does not highlight any major regulatory or geopolitical exposures, though the footwear industry is subject to general economic cycles and consumer demand fluctuations [doc:HA-latest]. Recent events include the latest financial filing, which provides the most recent revenue and profitability figures. No specific recent filings or transcripts are cited in the input data, so no additional commentary on recent events is available [doc:HA-latest].