RGC Resources Inc key statistics and ratios

In fiscal 2025, RGC Resources Inc had return on equity of 12.0%, an operating margin of 19.4%, debt equal to 130.9% of equity and a current ratio of 1.03. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

RGC Resources Inc: financial ratios, annual
Fiscal year	2010Sept 2010	2011Sept 2011	2012Sept 2012	2013Sept 2013	2014Sept 2014	2015Sept 2015	2016Sept 2016	2017Sept 2017	2018Sept 2018	2019Sept 2019	2020Sept 2020	2021Sept 2021	2022Sept 2022	2023Sept 2023	2024Sept 2024	2025Sept 2025	LTMJun 2026
Gross margin	35.8%	38.5%	45.8%	43.7%	39.1%	44.3%	53.4%	52.7%	—	—	—	—	—	—	—	—	—
Operating margin	12.2%	13.2%	14.9%	13.9%	12.9%	14.7%	19.0%	19.6%	17.5%	17.0%	19.8%	19.7%	17.7%	18.1%	20.2%	19.4%	17.3%
Net margin	6.0%	6.6%	7.3%	6.7%	6.3%	7.5%	9.8%	10.0%	11.1%	12.8%	16.7%	13.4%	−37.7%	11.6%	13.9%	13.9%	13.1%
Free-cash-flow margin	1.6%	4.4%	5.3%	0.1%	−10.5%	4.4%	−5.1%	−12.5%	−14.9%	−10.6%	−16.0%	−11.2%	−11.8%	−1.5%	−5.5%	8.6%	1.9%
Return on equity	9.6%	9.8%	8.6%	8.5%	9.3%	9.7%	10.7%	10.8%	10.5%	10.7%	12.3%	10.7%	−32.9%	11.7%	11.3%	12.0%	11.8%
Return on assets	3.7%	3.8%	3.4%	3.4%	3.6%	3.6%	3.7%	3.6%	3.6%	3.6%	3.9%	3.4%	−10.6%	3.8%	3.8%	4.1%	4.2%
Asset turnover	0.61	0.58	0.46	0.50	0.57	0.48	0.38	0.36	0.33	0.28	0.23	0.25	0.28	0.33	0.27	0.29	0.32
Current ratio	1.77	1.00	1.02	0.75	1.03	0.70	0.54	1.09	0.65	0.76	0.87	0.97	1.59	0.81	0.87	1.03	0.94
Debt to equity	60.5%	57.4%	25.6%	26.3%	76.0%	75.4%	87.0%	102.6%	88.7%	124.8%	139.6%	141.2%	147.5%	140.4%	137.7%	130.9%	120.8%
Interest cover (operating income ÷ interest)	4.9x	5.1x	4.8x	4.8x	5.3x	6.6x	6.9x	6.4x	4.7x	3.2x	3.1x	3.6x	3.3x	3.1x	2.6x	2.8x	2.9x
Effective tax rate	37.7%	38.0%	38.0%	38.3%	38.4%	38.4%	38.7%	37.9%	28.4%	23.4%	23.8%	24.1%	—	23.6%	23.9%	23.6%	22.2%
Capital spending as % of revenue	8.1%	10.7%	14.8%	15.8%	19.6%	20.2%	30.4%	33.3%	35.5%	32.2%	36.3%	26.6%	30.3%	26.0%	26.1%	21.7%	19.7%
Free cash flow ÷ net income	25.8%	66.5%	72.1%	1.4%	−167.3%	58.5%	−52.1%	−124.6%	−134.1%	−82.6%	−95.5%	−83.1%	—	−13.4%	−39.6%	61.9%	14.4%
Dividends ÷ net income	66.4%	66.5%	75.1%	188.5%	73.6%	70.7%	65.6%	66.0%	63.7%	60.0%	53.1%	59.5%	—	69.1%	68.8%	63.8%	63.0%
Dividends and buybacks ÷ free cash flow	257.7%	100.0%	104.1%	>999%	—	120.9%	—	—	—	—	—	—	—	—	—	103.1%	436.6%

US$ thousands unless shown otherwise. Fiscal quarters.

RGC Resources Inc: financial ratios, quarterly
Quarter	2024 Q4Sept 2024	2025 Q1Dec 2024	2025 Q2Mar 2025	2025 Q3Jun 2025	2025 Q4Sept 2025	2026 Q1Dec 2025	2026 Q2Mar 2026	2026 Q3Jun 2026
Operating margin	1.8%	26.9%	28.5%	6.9%	−3.3%	21.6%	24.8%	6.9%
Net margin	1.1%	19.3%	21.1%	3.1%	−1.4%	16.1%	19.2%	3.3%
Free-cash-flow margin	−39.3%	−18.0%	44.1%	8.1%	−30.1%	−15.1%	24.7%	−1.9%
Current ratio	0.87	0.56	0.57	1.04	1.03	0.80	0.69	0.94
Debt to equity	127.1%	123.1%	120.4%	122.4%	130.9%	133.8%	118.3%	120.8%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

1 of 6 checks passed · June 30, 2026

What it owns · $340m

Short-term assets $22mLonger-term assets $318m

What it owes, and who funded it · $146m

Short-term liabilities $23mShareholders' equity $123m

Short-term assets cover short-term liabilities $22m of assets due within a year against $23m of liabilities due within a year.
Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
More cash than debt $2m of cash against $148m of debt.
Debt below 40% of shareholders' equity Debt is 121% of equity.
Debt burden no higher than five years ago Debt to equity moved from 122% to 121% over five years.
A year's operating cash flow covers at least 20% of debt $23m of operating cash flow against $148m of debt.
Operating profit covers interest at least five times over Operating income of $19m against $6m of interest.

From RGC Resources Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

42 /100

Weak moat

How hard RGC Resources's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

Returns on capital 3 / 20

Net income has been a median 3.4% of total assets over 10 years.
Pricing power 12 / 20

Gross margin has been a median 44.2%, moving by 5.2 percentage points (standard deviation) across 8 years.
Durability 15 / 20

Operating margin has been a median 18.3%; its worst year was 17.3%.
Cash conversion 2 / 20

Free cash flow was positive in 2 of 10 years, at a median -8.6% of revenue.
Discipline 10 / 20

The diluted share count rose 26.4% over five years; stock-based pay has been a median 0.7% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from RGC Resources Inc's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to RGC Resources Inc.