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Side-by-side financial comparison of HANMI FINANCIAL CORP (HAFC) and ROCKY BRANDS, INC. (RCKY). Click either name above to swap in a different company.

ROCKY BRANDS, INC. is the larger business by last-quarter revenue ($139.7M vs $71.2M, roughly 2.0× HANMI FINANCIAL CORP). HANMI FINANCIAL CORP runs the higher net margin — 29.8% vs 4.7%, a 25.2% gap on every dollar of revenue. On growth, HANMI FINANCIAL CORP posted the faster year-over-year revenue change (17.1% vs 9.1%). HANMI FINANCIAL CORP produced more free cash flow last quarter ($203.7M vs $16.7M). Over the past eight quarters, ROCKY BRANDS, INC.'s revenue compounded faster (11.2% CAGR vs 10.4%).

Hanmi Bank Corporation is a community bank headquartered in Los Angeles, California, with 35 branches and eight loan production offices in California, Texas, Illinois, New York, New Jersey and Virginia.

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.

HAFC vs RCKY — Head-to-Head

Bigger by revenue
RCKY
RCKY
2.0× larger
RCKY
$139.7M
$71.2M
HAFC
Growing faster (revenue YoY)
HAFC
HAFC
+8.0% gap
HAFC
17.1%
9.1%
RCKY
Higher net margin
HAFC
HAFC
25.2% more per $
HAFC
29.8%
4.7%
RCKY
More free cash flow
HAFC
HAFC
$187.0M more FCF
HAFC
$203.7M
$16.7M
RCKY
Faster 2-yr revenue CAGR
RCKY
RCKY
Annualised
RCKY
11.2%
10.4%
HAFC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HAFC
HAFC
RCKY
RCKY
Revenue
$71.2M
$139.7M
Net Profit
$21.2M
$6.5M
Gross Margin
41.3%
Operating Margin
29.8%
6.9%
Net Margin
29.8%
4.7%
Revenue YoY
17.1%
9.1%
Net Profit YoY
20.0%
35.7%
EPS (diluted)
$0.70
$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
HAFC
HAFC
RCKY
RCKY
Q4 25
$71.2M
$139.7M
Q3 25
$71.0M
$122.5M
Q2 25
$65.2M
$105.6M
Q1 25
$62.8M
$114.1M
Q4 24
$60.8M
$128.1M
Q3 24
$58.5M
$114.6M
Q2 24
$56.7M
$98.3M
Q1 24
$58.4M
$112.9M
Net Profit
HAFC
HAFC
RCKY
RCKY
Q4 25
$21.2M
$6.5M
Q3 25
$22.1M
$7.2M
Q2 25
$15.1M
$3.6M
Q1 25
$17.7M
$4.9M
Q4 24
$17.7M
$4.8M
Q3 24
$14.9M
$5.3M
Q2 24
$14.5M
$-1.2M
Q1 24
$15.2M
$2.5M
Gross Margin
HAFC
HAFC
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
HAFC
HAFC
RCKY
RCKY
Q4 25
29.8%
6.9%
Q3 25
31.1%
9.6%
Q2 25
23.2%
6.8%
Q1 25
28.1%
7.6%
Q4 24
29.1%
6.6%
Q3 24
25.5%
8.8%
Q2 24
25.5%
4.6%
Q1 24
26.0%
7.1%
Net Margin
HAFC
HAFC
RCKY
RCKY
Q4 25
29.8%
4.7%
Q3 25
31.1%
5.9%
Q2 25
23.2%
3.4%
Q1 25
28.1%
4.3%
Q4 24
29.1%
3.7%
Q3 24
25.5%
4.6%
Q2 24
25.5%
-1.3%
Q1 24
26.0%
2.3%
EPS (diluted)
HAFC
HAFC
RCKY
RCKY
Q4 25
$0.70
$0.86
Q3 25
$0.73
$0.96
Q2 25
$0.50
$0.48
Q1 25
$0.58
$0.66
Q4 24
$0.58
$0.65
Q3 24
$0.49
$0.70
Q2 24
$0.48
$-0.17
Q1 24
$0.50
$0.34

Balance Sheet & Financial Strength

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

Metric
HAFC
HAFC
RCKY
RCKY
Cash + ST InvestmentsLiquidity on hand
$2.9M
Total DebtLower is stronger
$122.6M
Stockholders' EquityBook value
$796.4M
$252.1M
Total Assets
$7.9B
$477.5M
Debt / EquityLower = less leverage
0.49×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HAFC
HAFC
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
HAFC
HAFC
RCKY
RCKY
Q4 25
$122.6M
Q3 25
$139.0M
Q2 25
$132.5M
Q1 25
$128.6M
Q4 24
$128.7M
Q3 24
$150.3M
Q2 24
$152.4M
Q1 24
$156.0M
Stockholders' Equity
HAFC
HAFC
RCKY
RCKY
Q4 25
$796.4M
$252.1M
Q3 25
$779.5M
$246.1M
Q2 25
$762.8M
$239.1M
Q1 25
$751.5M
$236.2M
Q4 24
$732.2M
$232.2M
Q3 24
$736.7M
$228.3M
Q2 24
$707.1M
$223.8M
Q1 24
$703.1M
$225.3M
Total Assets
HAFC
HAFC
RCKY
RCKY
Q4 25
$7.9B
$477.5M
Q3 25
$7.9B
$494.0M
Q2 25
$7.9B
$471.0M
Q1 25
$7.7B
$468.2M
Q4 24
$7.7B
$457.3M
Q3 24
$7.7B
$475.0M
Q2 24
$7.6B
$467.9M
Q1 24
$7.5B
$466.5M
Debt / Equity
HAFC
HAFC
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
HAFC
HAFC
RCKY
RCKY
Operating Cash FlowLast quarter
$206.0M
$17.6M
Free Cash FlowOCF − Capex
$203.7M
$16.7M
FCF MarginFCF / Revenue
286.2%
12.0%
Capex IntensityCapex / Revenue
3.2%
0.6%
Cash ConversionOCF / Net Profit
9.70×
2.70×
TTM Free Cash FlowTrailing 4 quarters
$356.1M
$9.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HAFC
HAFC
RCKY
RCKY
Q4 25
$206.0M
$17.6M
Q3 25
$146.9M
$-3.3M
Q2 25
$-19.0M
$812.0K
Q1 25
$25.8M
$1.2M
Q4 24
$52.6M
$24.4M
Q3 24
$6.7M
$4.5M
Q2 24
$2.1M
$6.5M
Q1 24
$30.0M
$17.4M
Free Cash Flow
HAFC
HAFC
RCKY
RCKY
Q4 25
$203.7M
$16.7M
Q3 25
$146.4M
$-5.2M
Q2 25
$-19.6M
$-2.4M
Q1 25
$25.6M
$529.0K
Q4 24
$49.9M
$22.9M
Q3 24
$6.5M
$3.5M
Q2 24
$1.3M
$4.6M
Q1 24
$29.2M
$17.1M
FCF Margin
HAFC
HAFC
RCKY
RCKY
Q4 25
286.2%
12.0%
Q3 25
206.3%
-4.2%
Q2 25
-30.0%
-2.2%
Q1 25
40.7%
0.5%
Q4 24
82.1%
17.9%
Q3 24
11.1%
3.0%
Q2 24
2.3%
4.7%
Q1 24
50.0%
15.2%
Capex Intensity
HAFC
HAFC
RCKY
RCKY
Q4 25
3.2%
0.6%
Q3 25
0.8%
1.5%
Q2 25
0.9%
3.0%
Q1 25
0.4%
0.6%
Q4 24
4.3%
1.2%
Q3 24
0.4%
0.9%
Q2 24
1.4%
1.9%
Q1 24
1.4%
0.2%
Cash Conversion
HAFC
HAFC
RCKY
RCKY
Q4 25
9.70×
2.70×
Q3 25
6.66×
-0.46×
Q2 25
-1.26×
0.23×
Q1 25
1.46×
0.25×
Q4 24
2.97×
5.08×
Q3 24
0.45×
0.85×
Q2 24
0.14×
Q1 24
1.98×
6.82×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HAFC
HAFC

Segment breakdown not available.

RCKY
RCKY

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

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