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OUR COMPANY RCI Hospitality Holdings, Inc. is a holding company that, through its subsidiaries, engages in businesses that offer live adult entertainment and/or high-quality dining experiences to its guests. Our subsidiaries operated 71 establishments in 15 states as of September 30, 2025, including one club that was temporarily closed due to fire damage and one for rebranding.
10.83% operating margin is respectable but not wide. ROIC at 4.72%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue declined 5.5% YoY. The question is whether this is cyclical or a structural shift.
Net debt of $233M represents 6.7x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$282M
▼ -5.5% YoY
Net Income (TTM)
-$7M
▲ +259.1% YoY
Op. Margin
8.18%
ROIC
3.85%
Cash Flow & Balance Sheet
FCF (TTM)
$35M
▲ +11.5% YoY
Op. Cash Flow (TTM)
$45M
▼ -11.6% YoY
Net Debt
$251M
Cash & Equiv.
$27M
5Y CAGR: +16.1%
5Y CAGR: +28.7%
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