Fossil Group, Inc. (FOSL) vs Rocky Brands, Inc. (RCKY)

Fossil Group, Inc. and Rocky Brands, Inc. are both Footwear & Accessories companies. Fossil Group, Inc. and Rocky Brands, Inc. are of similar size ($337.7M and $334.7M). Fossil Group, Inc. has negative trailing earnings, so its P/E is not meaningful; Rocky Brands, Inc. trades at 11.7×. Rocky Brands, Inc. grew revenue faster over the last twelve months: 9.24% against −9.10%. Rocky Brands, Inc. has the higher net margin (5.72% vs −7.09%) and the higher return on invested capital (7.28% vs −1.76%). Across the 20 metrics below, Rocky Brands, Inc. leads on 16 and Fossil Group, Inc. on 4.

Valuation

Metric FOSL RCKY Footwear & Accessories median
P/E n/m 11.71 15.26
P/S 0.37 0.67 1.16
P/B 4.95 1.28 2.59
Price to free cash flow n/m 20.60 12.20
EV/EBITDA 83.71 8.29 8.91
EV/Sales 0.50 0.91 1.24
Earnings yield (20.67%) 8.54% 6.11%
Free cash flow yield (10.15%) 4.85% 4.85%

Profitability

Metric FOSL RCKY Footwear & Accessories median
Gross margin 56.73% 42.22% 49.76%
Operating margin (0.57%) 8.84% 8.44%
Net margin (7.09%) 5.72% 5.64%
Free cash flow margin (3.77%) 3.25% 8.18%
Return on equity (67.21%) 11.48% 12.45%
Return on assets (10.29%) 6.01% 6.15%
Return on invested capital (1.76%) 7.28% 9.58%

Growth

Metric FOSL RCKY Footwear & Accessories median
Revenue growth (TTM) (9.10%) 9.24% 3.68%
EPS growth (last fiscal year) 25.26% 94.74% —
Revenue growth, 5-year CAGR (9.04%) 11.69% 7.17%
Net income growth, 5-year CAGR 0.00% 1.22% 0.00%

Health

Metric FOSL RCKY Footwear & Accessories median
Debt to equity 2.74 0.46 0.46
Current ratio 1.76 2.97 1.96
Net debt to EBITDA (13.61) 2.51 1.00

Dividend

Metric FOSL RCKY Footwear & Accessories median
Dividend yield — 2.27% 2.20%
Payout ratio 0.00 0.50 0.00

Size

Metric FOSL RCKY Footwear & Accessories median
Market cap 337.68m 334.66m 614.40m

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