This experiment was performed to assess the substitution impact of fish meal (FM) with tuna by-product meal (TBM) in feeds on growth and feed availability of the early stage of juvenile rockfish (S. schlegeli). Six experimental feeds were prepared to be isonitrogenous and isolipidic. Fifty-five percent of FM was contained in the control (Con) diet. In the Con diet, 20, 40, 60, 80, and 100% FM were replaced by TBM, named the TBM20, TBM40, TBM60, TBM80, and TBM100 diets, respectively. A total of 540 early-stage juvenile rockfish averaging 2.4 g was divided into 18 tanks and hand-fed to satiation for 56 days. Weight gain and feed consumption of rockfish fed the TBM20 and TBM40 diets were comparable to rockfish fed the Con diet. The specific growth rate (SGR) of rockfish fed the Con diet was comparable to rockfish fed the TBM20, TBM40, and TBM60 diets. Feed efficiency, biometric indices, hematological parameters, proximate composition, and amino acid profiles of rockfish were not impacted by dietary treatments. The economic profit index (EPI) of the Con, TBM20, and TBM40 diets were higher than that of all other diets. FM up to 40% could be substitutable with TBM in the diets of rockfish without deteriorating weight gain and feed consumption, but producing the highest EPI.