McRae Industries, Inc. (MCRAB) Stock Analysis
Educational signal · not a buy or sell recommendation · How to read this
P/E 23.70 means the share price is 23.70 times one year of earnings per share; the S&P 500 usually sits near 20-25. Market cap $113M is the value of all shares combined. Beta 0.10: the stock has moved about 90% less than the S&P 500.
For informational purposes only. Not financial advice. Machine-generated analysis by Stock Expert AI — model gemini-2.0-flash, generated Mar 17, 2026. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief. Data sources: Financial Modeling Prep, Yahoo Finance, SEC EDGAR
Quick AnswerMcRae Industries, Inc. (MCRAB) trades at $50.00. McRae Industries, Inc. specializes in manufacturing and distributing military combat boots for the U.S. Army, alongside western and work boots. Market cap: $113M, Sector: Consumer cyclical.
Price as of Sep 11, 2026 · Last analyzed: Mar 17, 2026Analyst Coverage for MCRAB: MCRAB does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates MCRAB against Consumer Cyclical peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.
No score published: this stock trades under $10,000 on a typical day, so the price beside it is not one you could reliably act on.
MCRAB: the 2 scored disciplines are evenly split. Dominant signal: Ray Dalio bullish.
How is this calculated? →AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built
McRae Industries, Inc. (MCRAB) Consumer Business Overview
McRae Industries, Inc. is a manufacturer and distributor of military combat boots for the U.S. Army, complemented by a portfolio of western and work boot brands. With a history dating back to 1959, the company leverages established government contracts and brand recognition in the footwear market.
What Is the Investment Thesis for MCRAB?
McRae Industries presents a focused investment profile centered on its established military contracts and brand portfolio. With a market capitalization of $113M and a P/E ratio of 23.70, the company demonstrates profitability, supported by a 6.1% profit margin and a 27.8% gross margin. The company's dividend yield of 1.91% offers a modest income stream. Growth catalysts include potential increases in military spending and expansion of its branded footwear lines. However, investors may want to evaluate the risks associated with reliance on government contracts and the competitive nature of the footwear industry. The company's low beta of 0.10 suggests lower volatility compared to the broader market.
Based on FMP financials and quantitative analysis
MCRAB Key Highlights
Market capitalization of $113M indicates a small-cap company with potential for growth.
- P/E ratio of 23.70 suggests the company is reasonably valued compared to its earnings.
- Profit margin of 6.1% reflects the company's ability to generate profit from its revenue.
- Gross margin of 27.8% indicates the company's efficiency in managing production costs.
- Dividend yield of 1.91% provides a modest income stream for investors.
Who Are MCRAB's Competitors?
MCRAB is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | MoonshotScore |
|---|---|---|---|---|
| ASNXF Asante Incorporated | $12.13 | -15.17% | $119M | — |
| DPNEY Daphne International Holdings Limited | $0.98 | +0.00% | $97.0M | — |
| ESHDF Esprit Holdings Limited | $0.08 | 0.00% | $226M | — |
| GXSBY Geox S.p.A. | $0.33 | 0.00% | $120M | — |
| HENGF Hengdeli Holdings Limited | $0.04 | 0.00% | $176M | — |
| VRA Vera Bradley, Inc. | $3.14 | +2.95% | $89.3M | 565-pillar |
| RCKY Rocky Brands, Inc. | $43.77 | +1.08% | $330M | 715-pillar |
| CAL Caleres, Inc. | $11.88 | -2.22% | $410M | 745-pillar |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are MCRAB's Key Strengths?
Established relationship with the U.S. Army.
- Recognized brands in the western and work boot market.
- Specialized manufacturing capabilities.
- Consistent revenue from government contracts.
What Are MCRAB's Weaknesses?
Reliance on government contracts.
- Limited product diversification.
- Small market capitalization.
- OTC market trading.
What Could Drive MCRAB Stock Higher?
Potential increase in military spending benefiting McRae Industries' combat boot sales.
- Expansion of e-commerce platform to drive direct-to-consumer sales.
- Potential new contracts with the U.S. Army for advanced combat boot technology.
- Launch of new product lines under existing brands to target broader consumer segments.
What Are the Key Risks for MCRAB?
Reliance on U.S. Army contracts makes the company vulnerable to changes in military spending and procurement policies.
- Competition from larger footwear companies with greater resources and brand recognition.
- Economic downturn could reduce consumer spending on western and work boots.
- Fluctuations in raw material costs could impact profit margins.
- OTC market trading exposes investors to liquidity risks and limited regulatory oversight.
What Are the Growth Opportunities for MCRAB?
- Expansion of Military Contracts: McRae Industries can pursue growth by securing additional or larger contracts with the U.S. Army and other military entities. Increased military spending and demand for advanced combat boots could drive revenue growth. The company's established relationship with the U.S. Army provides a competitive advantage in this market, with potential for long-term contracts and recurring revenue streams. Timeline: Ongoing.
- Diversification of Product Lines: McRae Industries can expand its product offerings beyond military and western/work boots to capture a larger share of the footwear market. This could include developing new styles, targeting different consumer segments, or entering new geographic markets. Diversification would reduce the company's reliance on its core military business and provide new avenues for growth. Market size: Global footwear market. Timeline: 2-3 years.
- E-commerce Expansion: McRae Industries can invest in its online presence and expand its e-commerce capabilities to reach a wider customer base. Online sales offer a convenient and cost-effective way to market and sell its products. The company can leverage its existing brands and product lines to drive online sales growth. Market size: Growing e-commerce footwear market. Timeline: 1-2 years.
- Strategic Partnerships and Acquisitions: McRae Industries can pursue strategic partnerships or acquisitions to expand its capabilities, market reach, or product offerings. This could include partnering with other footwear companies, retailers, or technology providers. Acquisitions could provide access to new brands, technologies, or distribution channels. Timeline: Opportunistic.
- International Expansion: McRae Industries can explore opportunities to expand its sales and distribution network internationally. This could include targeting countries with strong military spending or a growing demand for western and work boots. International expansion would provide new markets for its products and reduce its reliance on the U.S. market. Timeline: 3-5 years.
What Are MCRAB's Competitive Advantages?
- Established relationship with the U.S. Army provides a competitive advantage in the military boot market.
- Brand recognition for its Dan Post, Laredo, and Dingo brands.
- Specialized manufacturing capabilities for military combat boots.
What Does MCRAB Do?
McRae Industries, Inc., founded in 1959 and headquartered in Mount Gilead, North Carolina, is primarily engaged in the manufacturing and sale of military combat boots for the United States Army. This core business is supplemented by the import and distribution of western and work boots, catering to a broader consumer market. The company's product portfolio includes brands such as Dan Post, Laredo Western Boots, Dingo, McRae Industrial, and McRae Footwear, targeting men, women, and children. McRae Industries has cultivated a strong relationship with the U.S. Army, positioning itself as a key supplier of military footwear. Beyond its military segment, the company's western and work boot lines aim to capture a share of the consumer footwear market, leveraging brand recognition and distribution networks. The company's strategy focuses on maintaining its position in the military sector while expanding its reach in the broader footwear market through diverse brands and product offerings.
What Products and Services Does MCRAB Offer?
- Manufactures military combat boots for the U.S. Army.
- Imports and sells western and work boots.
- Offers footwear for men, women, and children.
- Markets products under the Dan Post brand.
- Markets products under the Laredo Western Boots brand.
- Markets products under the Dingo brand.
- Markets products under the McRae Industrial brand.
- Markets products under the McRae Footwear brand.
How Does MCRAB Make Money?
- Manufactures military combat boots under contract with the U.S. Army.
- Imports western and work boots from overseas manufacturers.
- Sells products through wholesale channels and direct-to-consumer channels.
- Generates revenue from sales of military boots, western boots, and work boots.
What Industry Does MCRAB Operate In?
McRae Industries operates within the consumer cyclical sector, specifically in the apparel, footwear, and accessories industry. This sector is influenced by consumer spending patterns and economic cycles. The footwear market is competitive, with numerous players offering a wide range of products. McRae Industries differentiates itself through its specialization in military combat boots and its portfolio of western and work boot brands. The company's success depends on maintaining its government contracts and effectively competing in the consumer footwear market.
Who Are MCRAB's Key Customers?
- United States Army (primary customer for military combat boots).
- Retailers selling western and work boots.
- Consumers purchasing western and work boots.
Research confidence
Thin evidence — scoring coverage unknown. Treat this as a starting point, not a conclusion.
- ● Scoring coverage unknown
- ● Price is current
- ● Latest filing 134 days ago
- ● No analyst coverage
MoonshotScore History
Recorded daily since 2026-08-23 · 20 snapshots
| 2026-08-23 | 41 |
| 2026-08-27 | 41 |
| 2026-08-31 | 41 |
| 2026-09-04 | 41 |
| 2026-09-08 | 41 |
| 2026-09-11 | 41 |
What changed?
The score has stayed at 41.
Over the same 19 days the stock moved +0.0%.
McRae Industries, Inc. Financial Trajectory
McRae Industries, Inc. (MCRAB) reported $27.4M in revenue for Q3 FY2026, a decline of 1.9% compared to the prior quarter. The company recorded net income of $858K, with diluted EPS of $0.38. Revenue has contracted over three consecutive quarters, which investors in this micro-cap Consumer Cyclical stock should monitor closely. Across the four most recent quarters, MCRAB averaged $0.53 in diluted EPS.
Company Profile
McRae Industries, Inc. operates in the Apparel - Footwear & Accessories industry within the Consumer Cyclical sector. It is headquartered in Mount Gilead, US. The company is led by CEO D. Gary McRae. MCRAB has traded publicly since 2008.
How McRae Industries, Inc. Is Valued
McRae Industries, Inc. carries a market capitalization of $113M, placing it in the micro-cap category.
Key Financial Metrics
Return on equity for McRae Industries, Inc. stands at 4.7%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 4.3%, showing how much profit it generates from its asset base. MCRAB trades at a trailing price-to-earnings ratio of 23.70, below the Consumer Cyclical sector average of ~32.70x. Its free cash flow yield is 2.0%, a gauge of the cash the business throws off relative to its market value. A current ratio of 11.94 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 4.8%, the inverse of the P/E and a quick read on earnings relative to price.
Financial Health
McRae Industries, Inc.'s Piotroski F-Score is 5/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 12.09 places it in the safe zone, indicating low near-term bankruptcy risk.
MCRAB Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Established relationship with the U.S. Army.
- Recognized brands in the western and work boot market.
- Specialized manufacturing capabilities.
- Consistent revenue from government contracts.
Bear Case
- Reliance on government contracts.
- Limited product diversification.
- Small market capitalization.
- OTC market trading.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 FY2026 | $27M | $858,000 | $0.38 |
| Q2 FY2026 | $28M | $956,000 | $0.42 |
| Q1 FY2026 | $31M | $1M | $0.64 |
| Q4 FY2025 | $28M | $2M | $0.67 |
Q3 FY2026 · filed 30 Apr 2026 · Financial Modeling Prep
Based on FMP financials and quantitative analysis
MCRAB Latest News
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McRae Industries, Inc. Dividend Declared
PR Newswire · Sep 4, 2026
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McRae Industries, Inc. Military Contract Award
Yahoo! Finance: MCRAB News · Jul 20, 2026
MCRAB Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations collected by Financial Modeling Prep for MCRAB.
Price Targets
Wall Street price target analysis for MCRAB.
MCRAB MoonshotScore
MoonshotScore is Stock Expert AI's proprietary 0-100 research rating, not a buy or sell recommendation. No MoonshotScore is published for MCRAB; grades run from A+ (80-100) to F (below 30).
Leadership: D. Gary McRae
CEO
D. Gary McRae serves as the Chief Executive Officer of McRae Industries, Inc. His leadership guides the company's strategic direction and operational execution. As CEO, he is responsible for overseeing all aspects of the company's business, including manufacturing, sales, and distribution.
Track Record: Under D. Gary McRae's leadership, McRae Industries has maintained its position as a key supplier of military combat boots to the U.S. Army. He has also overseen the company's efforts to expand its presence in the western and work boot market through its various brands. Specific milestones and achievements under his tenure are not detailed in the provided data.
MCRAB OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that McRae Industries may not meet the minimum financial standards or disclosure requirements of higher tiers like OTCQX or OTCQB. Companies in this tier may have limited financial reporting or may be undergoing financial distress. Investing in companies on the OTC Other tier carries significant risks due to the lack of regulation and transparency compared to exchanges like the NYSE or NASDAQ.
- OTC Tier: OTC Other
- Limited liquidity and wider bid-ask spreads.
- Lack of regulatory oversight and transparency.
- Potential for price manipulation.
- Higher risk of financial distress or bankruptcy.
- Limited access to company information.
- Verify the company's financial statements and SEC filings (if any).
- Research the company's management team and their track record.
- Assess the company's business model and competitive landscape.
- Evaluate the company's cash flow and debt levels.
- Review the company's legal and regulatory compliance.
- Check for any red flags or warning signs.
- Consult with a financial advisor.
- Long operating history (founded in 1959).
- Established relationship with the U.S. Army.
- Positive profit margin (6.1%).
- Payment of dividends (1.91% yield).
- Presence of recognized brands (Dan Post, Laredo, Dingo).
McRae Industries, Inc. Consumer Cyclical Stock: Key Questions Answered
Is MCRAB a good stock?
Stock Expert AI does not rate MCRAB buy, sell or hold. McRae Industries, Inc. has no MoonshotScore yet; read the financial checkup, analyst consensus and risks directly. Whether it fits is your call: check what it sells, whether it earns, what the price assumes, and what would prove you wrong.
What does McRae Industries, Inc. do?
McRae Industries, Inc. is a manufacturer and distributor of footwear, primarily focused on military combat boots for the U.S. Army.
What do analysts say about MCRAB stock?
As an OTC-listed company with a small market capitalization, MCRAB may not be widely covered by analysts. Investors should conduct their own due diligence and consider the risks associated with OTC stocks. Key valuation metrics include the P/E ratio of 23.70 and the dividend yield of 1.91%.
What are the main risks for MCRAB?
McRae Industries faces several risks, including its reliance on U.S. Army contracts, which makes it vulnerable to changes in military spending and procurement policies. An economic downturn could reduce consumer spending on western and work boots, impacting sales.
What are the key factors to evaluate for MCRAB?
Evaluate MCRAB on fundamentals, analyst consensus, and risk factors. P/E: 23.70x vs the S&P 500's ~20-25x. The company's dividend yield of 1.91% offers a modest income stream. Not financial advice.
How frequently does MCRAB data refresh on this page?
MCRAB's price was last updated on Sep 11, 2026 and refreshes on page view during U.S. market hours; the quote is a provider snapshot, not an exchange feed. Fundamentals follow quarterly filings. V2 calculations are scheduled daily at 10:15 UTC; the score's own date shows its last successful run.
What has driven MCRAB's recent stock price performance?
McRae Industries, Inc. (MCRAB) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Established relationship with the U. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider MCRAB overvalued or undervalued right now?
McRae Industries, Inc. (MCRAB) trades at 23.70x earnings. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
MoonshotScore is not published for this security.
Data provided for informational purposes only.
- Information is based on available data and may be subject to change.
- OTC market stocks carry higher risks than exchange-listed stocks.