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

ROCKY BRANDS, INC. is the larger business by last-quarter revenue ($139.7M vs $70.5M, roughly 2.0× FIRST FINANCIAL CORP). FIRST FINANCIAL CORP runs the higher net margin — 30.4% vs 4.7%, a 25.7% gap on every dollar of revenue. On growth, FIRST FINANCIAL CORP posted the faster year-over-year revenue change (14.1% vs 9.1%). FIRST FINANCIAL CORP produced more free cash flow last quarter ($86.4M vs $16.7M). Over the past eight quarters, FIRST FINANCIAL CORP's revenue compounded faster (20.8% CAGR vs 11.2%).

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.

First American Financial Corporation is an American financial services company which provides title insurance and settlement services to the real estate and mortgage industries.

RCKY vs THFF — Head-to-Head

Bigger by revenue
RCKY
RCKY
2.0× larger
RCKY
$139.7M
$70.5M
THFF
Growing faster (revenue YoY)
THFF
THFF
+5.0% gap
THFF
14.1%
9.1%
RCKY
Higher net margin
THFF
THFF
25.7% more per $
THFF
30.4%
4.7%
RCKY
More free cash flow
THFF
THFF
$69.7M more FCF
THFF
$86.4M
$16.7M
RCKY
Faster 2-yr revenue CAGR
THFF
THFF
Annualised
THFF
20.8%
11.2%
RCKY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
RCKY
RCKY
THFF
THFF
Revenue
$139.7M
$70.5M
Net Profit
$6.5M
$21.5M
Gross Margin
41.3%
Operating Margin
6.9%
37.4%
Net Margin
4.7%
30.4%
Revenue YoY
9.1%
14.1%
Net Profit YoY
35.7%
32.1%
EPS (diluted)
$0.86
$1.81

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
RCKY
RCKY
THFF
THFF
Q4 25
$139.7M
$70.5M
Q3 25
$122.5M
$65.8M
Q2 25
$105.6M
$63.1M
Q1 25
$114.1M
$62.5M
Q4 24
$128.1M
$61.8M
Q3 24
$114.6M
$58.4M
Q2 24
$98.3M
$49.2M
Q1 24
$112.9M
$48.4M
Net Profit
RCKY
RCKY
THFF
THFF
Q4 25
$6.5M
$21.5M
Q3 25
$7.2M
$20.8M
Q2 25
$3.6M
$18.6M
Q1 25
$4.9M
$18.4M
Q4 24
$4.8M
$16.2M
Q3 24
$5.3M
$8.7M
Q2 24
$-1.2M
$11.4M
Q1 24
$2.5M
$10.9M
Gross Margin
RCKY
RCKY
THFF
THFF
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
RCKY
RCKY
THFF
THFF
Q4 25
6.9%
37.4%
Q3 25
9.6%
39.2%
Q2 25
6.8%
36.2%
Q1 25
7.6%
38.1%
Q4 24
6.6%
32.4%
Q3 24
8.8%
17.9%
Q2 24
4.6%
27.6%
Q1 24
7.1%
27.2%
Net Margin
RCKY
RCKY
THFF
THFF
Q4 25
4.7%
30.4%
Q3 25
5.9%
31.6%
Q2 25
3.4%
29.5%
Q1 25
4.3%
29.5%
Q4 24
3.7%
26.3%
Q3 24
4.6%
15.0%
Q2 24
-1.3%
23.1%
Q1 24
2.3%
22.6%
EPS (diluted)
RCKY
RCKY
THFF
THFF
Q4 25
$0.86
$1.81
Q3 25
$0.96
$1.75
Q2 25
$0.48
$1.57
Q1 25
$0.66
$1.55
Q4 24
$0.65
$1.37
Q3 24
$0.70
$0.74
Q2 24
$-0.17
$0.96
Q1 24
$0.34
$0.93

Balance Sheet & Financial Strength

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

Metric
RCKY
RCKY
THFF
THFF
Cash + ST InvestmentsLiquidity on hand
$2.9M
Total DebtLower is stronger
$122.6M
$188.2M
Stockholders' EquityBook value
$252.1M
$650.9M
Total Assets
$477.5M
$5.8B
Debt / EquityLower = less leverage
0.49×
0.29×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RCKY
RCKY
THFF
THFF
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
RCKY
RCKY
THFF
THFF
Q4 25
$122.6M
$188.2M
Q3 25
$139.0M
$170.5M
Q2 25
$132.5M
$122.7M
Q1 25
$128.6M
$124.9M
Q4 24
$128.7M
$28.1M
Q3 24
$150.3M
$30.5M
Q2 24
$152.4M
$108.6M
Q1 24
$156.0M
$58.6M
Stockholders' Equity
RCKY
RCKY
THFF
THFF
Q4 25
$252.1M
$650.9M
Q3 25
$246.1M
$622.2M
Q2 25
$239.1M
$587.7M
Q1 25
$236.2M
$571.9M
Q4 24
$232.2M
$549.0M
Q3 24
$228.3M
$566.0M
Q2 24
$223.8M
$530.7M
Q1 24
$225.3M
$520.8M
Total Assets
RCKY
RCKY
THFF
THFF
Q4 25
$477.5M
$5.8B
Q3 25
$494.0M
$5.7B
Q2 25
$471.0M
$5.6B
Q1 25
$468.2M
$5.5B
Q4 24
$457.3M
$5.6B
Q3 24
$475.0M
$5.5B
Q2 24
$467.9M
$4.9B
Q1 24
$466.5M
$4.9B
Debt / Equity
RCKY
RCKY
THFF
THFF
Q4 25
0.49×
0.29×
Q3 25
0.57×
0.27×
Q2 25
0.55×
0.21×
Q1 25
0.54×
0.22×
Q4 24
0.55×
0.05×
Q3 24
0.66×
0.05×
Q2 24
0.68×
0.20×
Q1 24
0.69×
0.11×

Cash Flow & Capital Efficiency

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

Metric
RCKY
RCKY
THFF
THFF
Operating Cash FlowLast quarter
$17.6M
$90.4M
Free Cash FlowOCF − Capex
$16.7M
$86.4M
FCF MarginFCF / Revenue
12.0%
122.5%
Capex IntensityCapex / Revenue
0.6%
5.6%
Cash ConversionOCF / Net Profit
2.70×
4.21×
TTM Free Cash FlowTrailing 4 quarters
$9.7M
$144.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RCKY
RCKY
THFF
THFF
Q4 25
$17.6M
$90.4M
Q3 25
$-3.3M
$26.9M
Q2 25
$812.0K
$12.7M
Q1 25
$1.2M
$21.1M
Q4 24
$24.4M
$60.4M
Q3 24
$4.5M
$23.3M
Q2 24
$6.5M
$8.8M
Q1 24
$17.4M
$12.4M
Free Cash Flow
RCKY
RCKY
THFF
THFF
Q4 25
$16.7M
$86.4M
Q3 25
$-5.2M
$25.8M
Q2 25
$-2.4M
$11.6M
Q1 25
$529.0K
$20.5M
Q4 24
$22.9M
$54.3M
Q3 24
$3.5M
$19.5M
Q2 24
$4.6M
$8.4M
Q1 24
$17.1M
$11.5M
FCF Margin
RCKY
RCKY
THFF
THFF
Q4 25
12.0%
122.5%
Q3 25
-4.2%
39.2%
Q2 25
-2.2%
18.4%
Q1 25
0.5%
32.8%
Q4 24
17.9%
87.8%
Q3 24
3.0%
33.5%
Q2 24
4.7%
17.2%
Q1 24
15.2%
23.7%
Capex Intensity
RCKY
RCKY
THFF
THFF
Q4 25
0.6%
5.6%
Q3 25
1.5%
1.7%
Q2 25
3.0%
1.8%
Q1 25
0.6%
0.9%
Q4 24
1.2%
9.9%
Q3 24
0.9%
6.5%
Q2 24
1.9%
0.7%
Q1 24
0.2%
2.0%
Cash Conversion
RCKY
RCKY
THFF
THFF
Q4 25
2.70×
4.21×
Q3 25
-0.46×
1.29×
Q2 25
0.23×
0.68×
Q1 25
0.25×
1.14×
Q4 24
5.08×
3.72×
Q3 24
0.85×
2.67×
Q2 24
0.77×
Q1 24
6.82×
1.14×

Financial Flow Comparison

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

Revenue Breakdown by Segment

RCKY
RCKY

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

THFF
THFF

Segment breakdown not available.

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