RGRSTURM RUGER & CO INC
Ordnance & Accessories, (no Vehicles/guided Missiles)
- Revenue
- $546M
- 1.9% YoY
- Operating margin
- -2.3%
- 138% YoY
- EBITDA
- $11M
- 80% YoY
- Market cap
- $783M
- Employees
- 1,780
- $307K revenue each
- Net debt / EBITDA
- —
- AI in 10-K
- 0.0
- mentions per 10K words
Takeover score 6 of 13
Fixable underperformance 2 of 7
- TSR below peersYes4 of 5 years3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo—Cash flow under 80% of net income
- Dilutive SBCNo1% of revenueOver 10% of revenue
- Payouts exceed cash flowNo67% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo1% of assetsOver 40% of assets
- Shareholder dissentYes72% lowest supportAny vote under 80% support
Buyer economics 3 of 4
- Low revenue per employeeYes$307K · 11th pctBottom quartile of its SIC industry
- Quiet on AIYes0.0 per 10K words · 0th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedYes$783M market capMarket cap $500M–$5B
Catalysts 1 of 2
- Active 13DYes5 filingsActive-intent 13D in 18 months
- Net insider sellingNo$195K netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $731M | $596M | $544M | $536M | $546M | 1.9% |
| Operating income | $203M | $103M | $52M | $32M | −$12M | 139% |
| Net income | $156M | $88M | $48M | $31M | −$4M | 114% |
| Operating cash flow | $172M | $77M | $34M | $56M | $54M | 2.2% |
| Capex | $29M | $28M | $16M | $21M | $16M | 24% |
| Stock-based comp | $8M | $2M | $4M | $4M | $5M | 16% |
| Buybacks | — | $222K | $12M | $34M | $26M | 24% |
| Dividends | $59M | $43M | $111M | $12M | $10M | 14% |
Deal filings
| Filed | Form | Acquirer | Price | Premium |
|---|---|---|---|---|
| Oct 20, 2026 | SC TO-T/A | Beretta Holding S.A. | — | — |
| Oct 16, 2026 | SC TO-T/A | Beretta Holding S.A. | — | — |
| Sep 17, 2026 | SC TO-T | Beretta Holding S.A. | — | — |
13D filers
| Filed | Filer | Form | Stake | Intent |
|---|---|---|---|---|
| Oct 20, 2026 | Beretta Holding S.A. | SCHEDULE 13D/A | 25.0% | Passive |
| Sep 17, 2026 | Beretta Holding S.A. | SCHEDULE 13D/A | 9.9% | Passive |
| May 4, 2026 | Beretta Holding S.A. | SCHEDULE 13D/A | 9.9% | Active |
| Mar 31, 2026 | Beretta Holding S.A. | SCHEDULE 13D/A | 9.9% | Active |
| Mar 25, 2026 | Beretta Holding S.A. | SCHEDULE 13D/A | 9.9% | Active |
| Feb 26, 2026 | Beretta Holdings S.A. | SCHEDULE 13D/A | 9.9% | Active |
| Dec 1, 2025 | Beretta Holdings S.A. | SCHEDULE 13D/A | 9.9% | Active |
| Oct 2, 2025 | Beretta Holdings S.A. | SCHEDULE 13D/A | 9.0% | Passive |
| Sep 22, 2025 | Beretta Holdings S.A. | SCHEDULE 13D | 7.7% | Passive |
Insider trading
- Open-market buys, 12 mo
- $289K · 3
- Open-market sells, 12 mo
- $93K · 4
- Net
- $195K
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 63 | 73 |
| FY2024 | — | — | 67 | 81 |
| FY2023 | — | — | 85 | 106 |
| FY2022 | — | — | 92 | 86 |
| FY2021 | — | — | 109 | 131 |