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Side-by-side financial comparison of Acadian Asset Management Inc. (AAMI) and ROCKY BRANDS, INC. (RCKY). Click either name above to swap in a different company.

Acadian Asset Management Inc. is the larger business by last-quarter revenue ($172.2M vs $139.7M, roughly 1.2× ROCKY BRANDS, INC.). Acadian Asset Management Inc. runs the higher net margin — 20.2% vs 4.7%, a 15.5% gap on every dollar of revenue. On growth, ROCKY BRANDS, INC. posted the faster year-over-year revenue change (9.1% vs 2.6%). Over the past eight quarters, Acadian Asset Management Inc.'s revenue compounded faster (27.6% CAGR vs 11.2%).

United Asset Management was an American holding company headquartered in Boston, Massachusetts.

Rocky Brands, Inc., formerly known as Rocky Shoes & Boots, Inc., is a company which designs, develops, manufactures, and markets outdoor, work, western and military footwear, and other outdoor and work apparel and accessories. The company was founded in 1932 in Nelsonville, Ohio, and still maintains its corporate headquarters there.

AAMI vs RCKY — Head-to-Head

Bigger by revenue
AAMI
AAMI
1.2× larger
AAMI
$172.2M
$139.7M
RCKY
Growing faster (revenue YoY)
RCKY
RCKY
+6.5% gap
RCKY
9.1%
2.6%
AAMI
Higher net margin
AAMI
AAMI
15.5% more per $
AAMI
20.2%
4.7%
RCKY
Faster 2-yr revenue CAGR
AAMI
AAMI
Annualised
AAMI
27.6%
11.2%
RCKY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AAMI
AAMI
RCKY
RCKY
Revenue
$172.2M
$139.7M
Net Profit
$34.7M
$6.5M
Gross Margin
41.3%
Operating Margin
33.3%
6.9%
Net Margin
20.2%
4.7%
Revenue YoY
2.6%
9.1%
Net Profit YoY
-18.4%
35.7%
EPS (diluted)
$0.97
$0.86

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AAMI
AAMI
RCKY
RCKY
Q4 25
$172.2M
$139.7M
Q3 25
$144.2M
$122.5M
Q2 25
$127.4M
$105.6M
Q1 25
$119.9M
$114.1M
Q4 24
$167.8M
$128.1M
Q3 24
$123.1M
$114.6M
Q2 24
$109.0M
$98.3M
Q1 24
$105.7M
$112.9M
Net Profit
AAMI
AAMI
RCKY
RCKY
Q4 25
$34.7M
$6.5M
Q3 25
$15.1M
$7.2M
Q2 25
$10.1M
$3.6M
Q1 25
$20.1M
$4.9M
Q4 24
$42.5M
$4.8M
Q3 24
$16.9M
$5.3M
Q2 24
$11.0M
$-1.2M
Q1 24
$14.6M
$2.5M
Gross Margin
AAMI
AAMI
RCKY
RCKY
Q4 25
41.3%
Q3 25
40.2%
Q2 25
41.0%
Q1 25
41.2%
Q4 24
41.5%
Q3 24
38.1%
Q2 24
38.7%
Q1 24
39.1%
Operating Margin
AAMI
AAMI
RCKY
RCKY
Q4 25
33.3%
6.9%
Q3 25
18.4%
9.6%
Q2 25
12.7%
6.8%
Q1 25
26.6%
7.6%
Q4 24
38.7%
6.6%
Q3 24
21.9%
8.8%
Q2 24
18.9%
4.6%
Q1 24
21.7%
7.1%
Net Margin
AAMI
AAMI
RCKY
RCKY
Q4 25
20.2%
4.7%
Q3 25
10.5%
5.9%
Q2 25
7.9%
3.4%
Q1 25
16.8%
4.3%
Q4 24
25.3%
3.7%
Q3 24
13.7%
4.6%
Q2 24
10.1%
-1.3%
Q1 24
13.8%
2.3%
EPS (diluted)
AAMI
AAMI
RCKY
RCKY
Q4 25
$0.97
$0.86
Q3 25
$0.42
$0.96
Q2 25
$0.28
$0.48
Q1 25
$0.54
$0.66
Q4 24
$1.11
$0.65
Q3 24
$0.45
$0.70
Q2 24
$0.29
$-0.17
Q1 24
$0.37
$0.34

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AAMI
AAMI
RCKY
RCKY
Cash + ST InvestmentsLiquidity on hand
$2.9M
Total DebtLower is stronger
$200.0M
$122.6M
Stockholders' EquityBook value
$252.1M
Total Assets
$677.0M
$477.5M
Debt / EquityLower = less leverage
0.49×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AAMI
AAMI
RCKY
RCKY
Q4 25
$2.9M
Q3 25
$3.3M
Q2 25
$2.8M
Q1 25
$2.6M
Q4 24
$3.7M
Q3 24
$3.7M
Q2 24
$4.1M
Q1 24
$3.1M
Total Debt
AAMI
AAMI
RCKY
RCKY
Q4 25
$200.0M
$122.6M
Q3 25
$139.0M
Q2 25
$132.5M
Q1 25
$128.6M
Q4 24
$275.0M
$128.7M
Q3 24
$150.3M
Q2 24
$152.4M
Q1 24
$156.0M
Stockholders' Equity
AAMI
AAMI
RCKY
RCKY
Q4 25
$252.1M
Q3 25
$246.1M
Q2 25
$239.1M
Q1 25
$236.2M
Q4 24
$232.2M
Q3 24
$228.3M
Q2 24
$223.8M
Q1 24
$225.3M
Total Assets
AAMI
AAMI
RCKY
RCKY
Q4 25
$677.0M
$477.5M
Q3 25
$751.4M
$494.0M
Q2 25
$672.3M
$471.0M
Q1 25
$677.3M
$468.2M
Q4 24
$703.2M
$457.3M
Q3 24
$555.2M
$475.0M
Q2 24
$533.1M
$467.9M
Q1 24
$544.9M
$466.5M
Debt / Equity
AAMI
AAMI
RCKY
RCKY
Q4 25
0.49×
Q3 25
0.57×
Q2 25
0.55×
Q1 25
0.54×
Q4 24
0.55×
Q3 24
0.66×
Q2 24
0.68×
Q1 24
0.69×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AAMI
AAMI
RCKY
RCKY
Operating Cash FlowLast quarter
$-2.4M
$17.6M
Free Cash FlowOCF − Capex
$16.7M
FCF MarginFCF / Revenue
12.0%
Capex IntensityCapex / Revenue
0.6%
Cash ConversionOCF / Net Profit
-0.07×
2.70×
TTM Free Cash FlowTrailing 4 quarters
$9.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AAMI
AAMI
RCKY
RCKY
Q4 25
$-2.4M
$17.6M
Q3 25
$-23.9M
$-3.3M
Q2 25
$61.6M
$812.0K
Q1 25
$-48.8M
$1.2M
Q4 24
$55.8M
$24.4M
Q3 24
$69.6M
$4.5M
Q2 24
$45.7M
$6.5M
Q1 24
$-40.4M
$17.4M
Free Cash Flow
AAMI
AAMI
RCKY
RCKY
Q4 25
$16.7M
Q3 25
$-5.2M
Q2 25
$-2.4M
Q1 25
$529.0K
Q4 24
$22.9M
Q3 24
$3.5M
Q2 24
$4.6M
Q1 24
$17.1M
FCF Margin
AAMI
AAMI
RCKY
RCKY
Q4 25
12.0%
Q3 25
-4.2%
Q2 25
-2.2%
Q1 25
0.5%
Q4 24
17.9%
Q3 24
3.0%
Q2 24
4.7%
Q1 24
15.2%
Capex Intensity
AAMI
AAMI
RCKY
RCKY
Q4 25
0.6%
Q3 25
1.5%
Q2 25
3.0%
Q1 25
0.6%
Q4 24
1.2%
Q3 24
0.9%
Q2 24
1.9%
Q1 24
0.2%
Cash Conversion
AAMI
AAMI
RCKY
RCKY
Q4 25
-0.07×
2.70×
Q3 25
-1.58×
-0.46×
Q2 25
6.10×
0.23×
Q1 25
-2.43×
0.25×
Q4 24
1.31×
5.08×
Q3 24
4.12×
0.85×
Q2 24
4.15×
Q1 24
-2.77×
6.82×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AAMI
AAMI

Segment breakdown not available.

RCKY
RCKY

Wholesale$79.6M57%
Retail1$57.0M41%
Contract Manufacturing$3.2M2%

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