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Side-by-side financial comparison of LESAKA TECHNOLOGIES INC (LSAK) and ROCKY BRANDS, INC. (RCKY). Click either name above to swap in a different company.

LESAKA TECHNOLOGIES INC is the larger business by last-quarter revenue ($3.0B vs $139.7M, roughly 21.4× ROCKY BRANDS, INC.). ROCKY BRANDS, INC. runs the higher net margin — 4.7% vs 0.0%, a 4.6% gap on every dollar of revenue. On growth, ROCKY BRANDS, INC. posted the faster year-over-year revenue change (9.1% vs 0.2%). Over the past eight quarters, LESAKA TECHNOLOGIES INC's revenue compounded faster (352.8% CAGR vs 11.2%).

Lesaka Technologies is a South-African financial technology company that is listed on the NASDAQ and Johannesburg Stock Exchange. Lesaka’s primary focus is on financial inclusion, offering financial services to previously underserved communities and merchants.

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.

LSAK vs RCKY — Head-to-Head

Bigger by revenue
LSAK
LSAK
21.4× larger
LSAK
$3.0B
$139.7M
RCKY
Growing faster (revenue YoY)
RCKY
RCKY
+8.9% gap
RCKY
9.1%
0.2%
LSAK
Higher net margin
RCKY
RCKY
4.6% more per $
RCKY
4.7%
0.0%
LSAK
Faster 2-yr revenue CAGR
LSAK
LSAK
Annualised
LSAK
352.8%
11.2%
RCKY

Income Statement — Q1 FY2027 vs Q4 FY2025

Metric
LSAK
LSAK
RCKY
RCKY
Revenue
$3.0B
$139.7M
Net Profit
$437.0K
$6.5M
Gross Margin
41.3%
Operating Margin
2.2%
6.9%
Net Margin
0.0%
4.7%
Revenue YoY
0.2%
9.1%
Net Profit YoY
35.7%
EPS (diluted)
$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
LSAK
LSAK
RCKY
RCKY
Q3 26
$3.0B
Q4 25
$178.7M
$139.7M
Q3 25
$171.4M
$122.5M
Q2 25
$168.5M
$105.6M
Q1 25
$161.4M
$114.1M
Q4 24
$176.2M
$128.1M
Q3 24
$153.6M
$114.6M
Q2 24
$146.0M
$98.3M
Net Profit
LSAK
LSAK
RCKY
RCKY
Q3 26
$437.0K
Q4 25
$3.6M
$6.5M
Q3 25
$-4.3M
$7.2M
Q2 25
$-28.4M
$3.6M
Q1 25
$-22.1M
$4.9M
Q4 24
$-32.5M
$4.8M
Q3 24
$-4.5M
$5.3M
Q2 24
$-5.0M
$-1.2M
Gross Margin
LSAK
LSAK
RCKY
RCKY
Q3 26
Q4 25
31.4%
41.3%
Q3 25
30.9%
40.2%
Q2 25
28.9%
41.0%
Q1 25
27.5%
41.2%
Q4 24
25.7%
41.5%
Q3 24
22.6%
38.1%
Q2 24
22.6%
38.7%
Operating Margin
LSAK
LSAK
RCKY
RCKY
Q3 26
2.2%
Q4 25
1.2%
6.9%
Q3 25
0.2%
9.6%
Q2 25
-16.7%
6.8%
Q1 25
0.4%
7.6%
Q4 24
0.3%
6.6%
Q3 24
-0.0%
8.8%
Q2 24
0.2%
4.6%
Net Margin
LSAK
LSAK
RCKY
RCKY
Q3 26
0.0%
Q4 25
2.0%
4.7%
Q3 25
-2.5%
5.9%
Q2 25
-16.9%
3.4%
Q1 25
-13.7%
4.3%
Q4 24
-18.4%
3.7%
Q3 24
-3.0%
4.6%
Q2 24
-3.4%
-1.3%
EPS (diluted)
LSAK
LSAK
RCKY
RCKY
Q3 26
Q4 25
$0.04
$0.86
Q3 25
$-0.05
$0.96
Q2 25
$-0.40
$0.48
Q1 25
$-0.27
$0.66
Q4 24
$-0.40
$0.65
Q3 24
$-0.07
$0.70
Q2 24
$-0.08
$-0.17

Balance Sheet & Financial Strength

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

Metric
LSAK
LSAK
RCKY
RCKY
Cash + ST InvestmentsLiquidity on hand
$1.5B
$2.9M
Total DebtLower is stronger
$3.2B
$122.6M
Stockholders' EquityBook value
$252.1M
Total Assets
$11.5B
$477.5M
Debt / EquityLower = less leverage
0.49×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LSAK
LSAK
RCKY
RCKY
Q3 26
$1.5B
Q4 25
$69.5M
$2.9M
Q3 25
$72.2M
$3.3M
Q2 25
$76.5M
$2.8M
Q1 25
$71.0M
$2.6M
Q4 24
$60.6M
$3.7M
Q3 24
$49.7M
$3.7M
Q2 24
$59.1M
$4.1M
Total Debt
LSAK
LSAK
RCKY
RCKY
Q3 26
$3.2B
Q4 25
$216.8M
$122.6M
Q3 25
$208.1M
$139.0M
Q2 25
$200.8M
$132.5M
Q1 25
$194.7M
$128.6M
Q4 24
$148.7M
$128.7M
Q3 24
$148.5M
$150.3M
Q2 24
$143.2M
$152.4M
Stockholders' Equity
LSAK
LSAK
RCKY
RCKY
Q3 26
Q4 25
$180.6M
$252.1M
Q3 25
$170.4M
$246.1M
Q2 25
$161.6M
$239.1M
Q1 25
$185.2M
$236.2M
Q4 24
$193.3M
$232.2M
Q3 24
$184.2M
$228.3M
Q2 24
$175.9M
$223.8M
Total Assets
LSAK
LSAK
RCKY
RCKY
Q3 26
$11.5B
Q4 25
$704.6M
$477.5M
Q3 25
$652.9M
$494.0M
Q2 25
$653.7M
$471.0M
Q1 25
$649.2M
$468.2M
Q4 24
$640.6M
$457.3M
Q3 24
$551.9M
$475.0M
Q2 24
$558.5M
$467.9M
Debt / Equity
LSAK
LSAK
RCKY
RCKY
Q3 26
Q4 25
1.20×
0.49×
Q3 25
1.22×
0.57×
Q2 25
1.24×
0.55×
Q1 25
1.05×
0.54×
Q4 24
0.77×
0.55×
Q3 24
0.81×
0.66×
Q2 24
0.81×
0.68×

Cash Flow & Capital Efficiency

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

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LSAK
LSAK
RCKY
RCKY
Q3 26
Q4 25
$-10.9M
$17.6M
Q3 25
$8.9M
$-3.3M
Q2 25
$-9.1M
$812.0K
Q1 25
$10.7M
$1.2M
Q4 24
$-9.2M
$24.4M
Q3 24
$-4.1M
$4.5M
Q2 24
$5.7M
$6.5M
Free Cash Flow
LSAK
LSAK
RCKY
RCKY
Q3 26
Q4 25
$-14.8M
$16.7M
Q3 25
$4.9M
$-5.2M
Q2 25
$-13.2M
$-2.4M
Q1 25
$7.8M
$529.0K
Q4 24
$-15.5M
$22.9M
Q3 24
$-8.1M
$3.5M
Q2 24
$937.0K
$4.6M
FCF Margin
LSAK
LSAK
RCKY
RCKY
Q3 26
Q4 25
-8.3%
12.0%
Q3 25
2.9%
-4.2%
Q2 25
-7.8%
-2.2%
Q1 25
4.9%
0.5%
Q4 24
-8.8%
17.9%
Q3 24
-5.3%
3.0%
Q2 24
0.6%
4.7%
Capex Intensity
LSAK
LSAK
RCKY
RCKY
Q3 26
Q4 25
2.2%
0.6%
Q3 25
2.3%
1.5%
Q2 25
2.4%
3.0%
Q1 25
1.7%
0.6%
Q4 24
3.6%
1.2%
Q3 24
2.6%
0.9%
Q2 24
3.2%
1.9%
Cash Conversion
LSAK
LSAK
RCKY
RCKY
Q3 26
Q4 25
-2.99×
2.70×
Q3 25
-0.46×
Q2 25
0.23×
Q1 25
0.25×
Q4 24
5.08×
Q3 24
0.85×
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

LSAK
LSAK

Segment breakdown not available.

RCKY
RCKY

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

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