Rocky Mountain Chocolate Factory, Inc. (RMCF) Key Metrics
RMCF valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $8.6M
- Enterprise value
- $15.9M
- P/E (TTM)
- — 10-yr median 25.0
- Forward P/E
- 15.9
- PEG ratio
- —
- Price / sales
- 0.3 10-yr median 1.5
- Price / book
- 2.0 10-yr median 2.5
- EV / EBITDA
- — 10-yr median 11.1
- Dividend yield
- —
- Beta
- 0.77
RMCF key metrics, FY2017–FY2026
Fiscal year ended February 28, 2026 · U.S. dollarsRMCF valuation Price multiples at each fiscal year-end price.
Price / sales+97.0%
0.7
FY2026 · hover or tap a bar for each year
FY2017FY2026
Price / book+144.3%
3.9
FY2026 · hover or tap a bar for each year
FY2017FY2026
Free cash flow yield+80.5 pts
−11.5%
FY2026 · hover or tap a bar for each year
FY2017FY2026
RMCF returns How much profit the business earns on the capital it uses.
Return on equity−5.2 pts
−74.7%
FY2026 · hover or tap a bar for each year
FY2017FY2026
Return on invested capital+15.3 pts
−22.3%
FY2026 · hover or tap a bar for each year
FY2017FY2026
Return on assets+7.3 pts
−22.0%
FY2026 · hover or tap a bar for each year
FY2017FY2026
Free cash flow margin+26.4 pts
−8.7%
FY2026 · hover or tap a bar for each year
FY2017FY2026
Asset turnover−6.2%
1.33
FY2026 · hover or tap a bar for each year
FY2017FY2026
RMCF per-share figures Results divided by the shares outstanding at year-end.
Revenue per share−18.6%
$3.40
FY2026 · hover or tap a bar for each year
FY2017FY2026
Earnings per share
−$0.56
FY2026 · hover or tap a bar for each year
FY2017FY2026
Free cash flow per share
−$0.29
FY2026 · hover or tap a bar for each year
FY2017FY2026
Book value per share−34.4%
$0.65
FY2026 · hover or tap a bar for each year
FY2017FY2026
Shares outstanding+14.2%
8.1M
FY2026 · hover or tap a bar for each year
FY2017FY2026
RMCF financial health Debt, liquidity and how easily interest is covered.
Debt / equity+46.1%
1.51
FY2026 · hover or tap a bar for each year
FY2017FY2026
Net debt+$191,000
$6.7M
FY2026 · hover or tap a bar for each year
FY2017FY2026
Current ratio−3.8%
1.29
FY2026 · hover or tap a bar for each year
FY2017FY2026
Interest coverage
-4.3
FY2026 · hover or tap a bar for each year
FY2017FY2026
Debt / assets+14.8%
0.39
FY2026 · hover or tap a bar for each year
FY2017FY2026
RMCF efficiency & capital use Working capital cycle and where the cash goes.
Days sales outstanding+3 days
41 days
FY2026 · hover or tap a bar for each year
FY2017FY2026
Days of inventory+2 days
64 days
FY2026 · hover or tap a bar for each year
FY2017FY2026
Days payables outstanding+16 days
73 days
FY2026 · hover or tap a bar for each year
FY2017FY2026
Cash conversion cycle−12 days
32 days
FY2026 · hover or tap a bar for each year
FY2017FY2026
Capex / revenue−10.6 pts
2.1%
FY2026 · hover or tap a bar for each year
FY2017FY2026
RMCF valuation history
Fiscal year-endToday10-year median
RMCF returns on capital
ROEROICROA
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
RMCF debt vs cash
Total debtCash & short-term investments
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
RMCF cash returned to shareholders
DividendsBuybacksFree cash flow
RMCF price vs earnings per share
Share price at year-endEPS (right axis)
RMCF key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $20.6M | $11.3M | $25.5M | $31.2M | $48.2M | $32.1M | $47.9M | $56.7M | $73.0M | $65.2M |
| Enterprise value | $27.3M | $17.8M | $26.4M | $28.9M | $42.4M | $28.4M | $45.8M | $52.5M | $69.4M | $63.2M |
| P/E ratio | — | — | — | — | — | — | 46.3 | 25.3 | 24.6 | 18.9 |
| Price / sales | 0.7 | 0.4 | 0.9 | 1.0 | 1.6 | 1.5 | 1.5 | 1.6 | 1.9 | 1.7 |
| Price / book | 3.9 | 1.6 | 2.4 | 2.2 | 2.5 | 1.7 | 2.5 | 2.8 | 3.7 | 3.5 |
| Price / free cash flow | — | — | — | — | 25.2 | — | 14.4 | 16.7 | 17.4 | 17.3 |
| Price / operating cash flow | — | — | — | — | 16.9 | 476.6 | 10.9 | 14.1 | 15.3 | 12.2 |
| EV / sales | 1.0 | 0.6 | 0.9 | 0.9 | 1.4 | 1.3 | 1.4 | 1.5 | 1.8 | 1.7 |
| EV / EBITDA | — | — | — | — | 189.7 | — | 15.7 | 11.1 | 10.6 | 9.2 |
| EV / free cash flow | — | — | — | — | 22.2 | — | 13.7 | 15.4 | 16.5 | 16.8 |
| Earnings yield | −22.1% | −54.4% | −16.4% | −18.2% | −0.7% | −2.8% | 2.2% | 3.9% | 4.1% | 5.3% |
| Free cash flow yield | −11.5% | −92.0% | −21.4% | −9.9% | 4.0% | −0.6% | 7.0% | 6.0% | 5.8% | 5.8% |
| Dividend yield | — | — | 0.0% | 0.0% | 0.1% | 2.3% | 6.0% | 5.0% | 3.9% | 4.3% |
| Shareholder yield (dividends + buybacks) | — | — | 0.0% | 0.0% | 0.6% | 2.3% | 6.1% | 5.0% | 485.7% | 4.8% |
| Share price at fiscal year-end | $2.55 | $1.59 | $4.05 | $5.01 | $7.85 | $5.29 | $7.66 | $9.48 | $12.20 | $10.87 |
| Per share | ||||||||||
| Revenue per share | $3.40 | $4.18 | $4.44 | $4.89 | $4.80 | $3.59 | $5.09 | $5.77 | $6.37 | $6.39 |
| Earnings per share | −$0.56 | −$0.86 | −$0.66 | −$0.91 | −$0.06 | −$0.15 | $0.17 | $0.37 | $0.50 | $0.58 |
| Operating cash flow per share | −$0.22 | −$0.93 | −$0.39 | −$0.34 | $0.47 | $0.01 | $0.70 | $0.67 | $0.80 | $0.89 |
| Free cash flow per share | −$0.29 | −$1.46 | −$0.87 | −$0.50 | $0.31 | −$0.03 | $0.53 | $0.57 | $0.70 | $0.63 |
| Cash per share | $0.15 | $0.10 | $0.33 | $0.76 | $1.24 | $0.93 | $0.77 | $0.90 | $1.02 | $0.96 |
| Book value per share | $0.65 | $0.99 | $1.69 | $2.31 | $3.16 | $3.13 | $3.09 | $3.41 | $3.27 | $3.14 |
| Tangible book value per share | $0.48 | $0.87 | $1.56 | $2.17 | $2.99 | $2.53 | $2.36 | $2.53 | $2.26 | $2.06 |
| Dividends per share | — | — | $0.00 | $0.00 | $0.01 | $0.12 | $0.46 | $0.48 | $0.47 | $0.47 |
| Capex per share | $0.07 | $0.53 | $0.48 | $0.16 | $0.15 | $0.04 | $0.17 | $0.10 | $0.09 | $0.26 |
| Debt per share | $0.98 | $1.02 | $0.47 | $0.38 | $0.30 | $0.32 | $0.43 | $0.20 | $0.42 | $0.64 |
| Shares outstanding | 8.1M | 7.1M | 6.3M | 6.2M | 6.1M | 6.1M | 6.3M | 6.0M | 6.0M | 6.0M |
| Change in shares outstanding | +14.2% | +12.5% | +1.1% | +1.4% | +1.2% | −3.0% | +4.6% | +0.0% | −0.2% | −1.7% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −74.7% | −69.5% | −33.4% | −33.6% | −1.8% | −4.7% | 5.2% | 11.2% | 15.4% | 18.5% |
| Return on invested capital (ROIC) | −22.3% | −37.6% | −32.9% | −30.1% | −3.8% | −13.3% | 6.1% | 14.1% | 18.4% | 20.6% |
| Return on assets (ROA) | −22.0% | −29.3% | −19.6% | −23.2% | −1.3% | −3.4% | 3.8% | 8.1% | 10.2% | 11.6% |
| Return on tangible assets | −24.1% | −30.0% | −21.1% | −26.9% | −1.3% | −4.2% | 4.5% | 10.7% | 13.0% | 15.1% |
| Free cash flow margin | −8.7% | −35.0% | −19.5% | −10.2% | 6.5% | −0.9% | 10.5% | 9.8% | 11.0% | 9.8% |
| Income quality (OCF / net income) | — | — | — | — | — | — | 4.25 | 1.79 | 1.61 | 1.54 |
| Financial health | ||||||||||
| Total debt | $7.9M | $7.2M | $2.9M | $2.4M | $1.8M | $2.0M | $2.7M | $1.2M | $2.5M | $3.8M |
| Cash & short-term investments | $1.2M | $720,000 | $2.1M | $4.7M | $7.6M | $5.6M | $4.8M | $5.4M | $6.1M | $5.8M |
| Net debt | $6.7M | $6.5M | $861,986 | −$2.3M | −$5.8M | −$3.7M | −$2.1M | −$4.2M | −$3.5M | −$1.9M |
| Debt / equity | 1.51 | 1.03 | 0.28 | 0.17 | 0.09 | 0.10 | 0.14 | 0.06 | 0.13 | 0.20 |
| Debt / assets | 0.39 | 0.34 | 0.14 | 0.11 | 0.07 | 0.08 | 0.10 | 0.04 | 0.09 | 0.13 |
| Net debt / EBITDA | — | — | — | — | −25.81 | — | −0.73 | −0.89 | −0.54 | −0.28 |
| Current ratio | 1.29 | 1.34 | 1.19 | 2.24 | 2.82 | 3.38 | 2.43 | 3.01 | 1.90 | 1.88 |
| Quick ratio | 0.69 | 0.67 | 0.65 | 1.51 | 2.01 | 2.31 | 1.76 | 2.11 | 1.31 | 1.26 |
| Interest coverage | -4.3 | -13.1 | -91.8 | -468.9 | -4.2 | -28.7 | 73.2 | 42.5 | 43.1 | 32.3 |
| Working capital | $2.0M | $2.4M | $1.5M | $6.2M | $9.7M | $9.0M | $8.0M | $9.5M | $7.4M | $7.1M |
| Invested capital | $11.9M | $13.5M | $11.5M | $12.0M | $13.6M | $15.3M | $17.2M | $16.2M | $16.0M | $16.9M |
| Tangible asset value | $3.9M | $6.2M | $9.8M | $13.5M | $18.4M | $15.3M | $14.8M | $15.2M | $13.5M | $12.3M |
| Net current asset value | −$6.2M | −$5.0M | −$339,000 | $3.6M | $7.5M | $6.8M | $5.1M | $8.4M | $6.2M | $4.6M |
| Graham number | — | — | — | — | — | — | $3.39 | $5.36 | $6.04 | $6.38 |
| Graham net-net per share | −$1.20 | −$1.21 | −$0.58 | $0.12 | $0.69 | $0.63 | $0.27 | $0.82 | $0.40 | $0.13 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | $0 | $0 | $61,276 | $722,344 | $2.9M | $2.8M | $2.8M | $2.8M |
| Share buybacks (net) | — | — | $0 | $0 | $237,785 | $0 | $57,048 | $0 | $351.6M | $351,583 |
| Dividend payout ratio | — | — | — | — | — | — | 277.6% | 127.1% | 95.2% | 81.3% |
| Dividends + buybacks / free cash flow | — | — | — | — | 15.7% | — | 87.7% | 83.6% | — | 83.7% |
| Capex / revenue | 2.1% | 12.7% | 10.8% | 3.3% | 3.2% | 1.2% | 3.3% | 1.8% | 1.5% | 4.1% |
| Capex / operating cash flow | — | — | — | — | 33.2% | 376.5% | 24.1% | 15.3% | 11.6% | 29.2% |
| Capex / depreciation | 0.40 | 3.96 | 3.40 | 1.31 | 0.79 | 0.19 | 0.71 | 0.36 | 0.42 | 1.20 |
| Stock-based compensation / revenue | 1.2% | 0.9% | 1.6% | 2.1% | 3.6% | 2.4% | 2.5% | 1.5% | 1.6% | 1.5% |
| SG&A / revenue | 23.2% | 28.1% | 31.5% | 40.7% | 30.3% | 30.1% | 24.0% | 16.3% | 16.8% | 17.4% |
| Efficiency | ||||||||||
| Days sales outstanding | 40.8 | 38.2 | 33.6 | 30.4 | 34.1 | 62.9 | 51.1 | 45.6 | 40.7 | 39.3 |
| Days of inventory on hand | 64.2 | 62.3 | 62.8 | 65.0 | 74.3 | 82.7 | 72.8 | 73.7 | 77.0 | 78.6 |
| Days payables outstanding | 73.2 | 57.0 | 44.0 | 30.2 | 24.8 | 37.5 | 28.5 | 20.6 | 27.2 | 27.9 |
| Cash conversion cycle (days) | 31.8 | 43.5 | 52.4 | 65.3 | 83.7 | 108.1 | 95.5 | 98.7 | 90.5 | 90.0 |
| Receivables turnover | 8.95 | 9.54 | 10.87 | 11.99 | 10.69 | 5.81 | 7.14 | 8.00 | 8.97 | 9.28 |
| Payables turnover | 4.99 | 6.40 | 8.30 | 12.09 | 14.70 | 9.74 | 12.81 | 17.74 | 13.42 | 13.09 |
| Inventory turnover | 5.69 | 5.86 | 5.81 | 5.61 | 4.91 | 4.41 | 5.01 | 4.96 | 4.74 | 4.65 |
| Asset turnover | 1.33 | 1.42 | 1.31 | 1.25 | 1.14 | 0.82 | 1.18 | 1.25 | 1.30 | 1.28 |
| Average receivables | $3.1M | $3.1M | $2.6M | $2.5M | $2.8M | $3.7M | $4.5M | $4.3M | $4.2M | $4.1M |
| Average payables | $5.0M | $4.1M | $2.8M | $1.8M | $1.4M | $1.8M | $1.6M | $1.3M | $1.7M | $1.7M |
| Average inventory | $4.3M | $4.5M | $4.0M | $4.0M | $4.2M | $3.9M | $4.0M | $4.6M | $4.9M | $4.9M |
| Intangibles / total assets | 6.5% | 3.7% | 4.0% | 3.8% | 3.8% | 14.6% | 16.5% | 19.9% | 21.0% | 22.1% |
Computed from RMCF's annual financial statements (latest annual report filed May 29, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
RMCF valuation and financial ratios
Rocky Mountain Chocolate Factory earned a return on equity of −74.7% and a return on invested capital of −22.3% in fiscal 2026. It ended the year with $7.9 million of debt and $1.2 million in cash and short-term investments, net debt of $6.7 million. The share count rose 34.9% from 6.0M to 8.1M over 9 years.
See the RMCF income statement, the RMCF chart for price history, or the RMCF stock overview for the latest quote and news.
RMCF key metrics FAQ
What is Rocky Mountain Chocolate Factory's return on equity?
Rocky Mountain Chocolate Factory's return on equity (ROE) was −74.7% in fiscal 2026: net income of -$4.6 million on average shareholders' equity of $6.1 million.
What is Rocky Mountain Chocolate Factory's ROIC?
Rocky Mountain Chocolate Factory's return on invested capital was −22.3% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Rocky Mountain Chocolate Factory have?
Rocky Mountain Chocolate Factory had total debt of $7.9 million at the end of fiscal 2026, a debt-to-equity ratio of 1.51.
What is Rocky Mountain Chocolate Factory's free cash flow yield?
Rocky Mountain Chocolate Factory generated -$2.4 million of free cash flow in fiscal 2026, a free cash flow yield of −11.5% on its market value at year-end ($20.6 million).
What is Rocky Mountain Chocolate Factory's current ratio?
Rocky Mountain Chocolate Factory's current ratio was 1.29 at the end of fiscal 2026: current assets were 1.29 times current liabilities.