Rocky Brands (RCKY) Stock Analysis & Winston Score
Rocky Brands makes work boots, outdoor boots, and western-style footwear. Its brands include Rocky, Georgia Boot, Durango, and Lehigh, which are sold to workers in industries like construction, farming, and law enforcement, as well as outdoor enthusiasts. The company is a mid-sized American footwear maker focused on durable, purpose-built boots rather than fashion or athletic shoes. Rocky Brands earns money by selling boots and shoes through wholesale channels to retailers, as well as directly to consumers online and through its Lehigh CustomFit program, which delivers work footwear directly to employees at job sites. The company operates primarily in the United States, with some international sales, and generates roughly $500 million in annual revenue. Its brand loyalty among tradespeople and niche focus on protective footwear provide some competitive insulation, but the business faces ongoing risk from rising input costs, competition from larger footwear companies, and shifts in consumer spending during economic slowdowns.
Winston Score: 53/100 — Average
Mixed quality — meaningful strengths and weaknesses.
- Quality: Good (15/30)
- Growth: Good (13/20)
- Cash Flow: Mixed (3/10)
- Stability: Good (6/10)
- Valuation: Strong (7/10)
- Ownership: Good (8/15)
Key Facts
Price: $46.79
Market Cap: $353M
Sector: Consumer Cyclical
Industry: Apparel - Footwear & Accessories
Exchange: NASDAQ


