Movado Group, Inc. (MOV) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 27	$0.35	$0.53	+51.4%	—	$169.8M	—
Q1 27	$0.07	$0.32	+357.1%	—	$142.4M	—
Q4 26	$0.54	$0.57	+5.6%	—	$191.6M	—
Q3 26	$0.57	$0.42	-26.3%	—	$186.1M	—
Q2 26	$0.31	$0.13	-58.1%	—	$161.8M	—
Q1 26	$0.39	$0.06	-84.6%	—	$131.8M	—
Q4 25	$0.39	$0.36	-7.7%	—	$174.7M	—
Q3 25	$0.32	$0.22	-31.3%	—	$182.7M	—
Q2 25	$0.19	$0.16	-15.8%	—	$159.3M	—
Q1 25	$0.12	$0.13	+8.3%	—	$136.7M	—
Q4 24	$0.39	$0.57	+46.2%	—	$179.6M	—
Q3 24	$0.7	$0.77	+10.0%	—	$187.7M	—
Q2 24	$0.34	$0.38	+11.8%	—	$160.4M	—
Q1 24	$0.26	$0.43	+65.4%	—	$144.9M	—
Q4 23	$0.86	$1.03	+19.8%	—	$194.3M	—
Q3 23	$1.21	$1.31	+8.3%	—	$211.4M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY26	—	$1.2	—	—	$671.3M	—
FY25	—	$0.83	—	—	$653.4M	—
FY24	—	$2.1	—	—	$672.6M	—
FY23	—	$4.27	—	—	$751.9M

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$552.8M	$568M	$679.6M	$701M	$506.4M	$732.4M	$751.9M	$672.6M	$653.4M	$671.3M
YoY change	-7.09%	+2.75%	+19.7%	+3.15%	-27.8%	+44.6%	+2.66%	-10.5%	-2.86%	+2.74%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	552.8M	568M	679.6M	701M	506.4M	732.4M	751.9M	672.6M	653.4M	671.3M
Cost of revenue	257.9M	269.9M	310.2M	326.1M	235.9M	313.3M	318M	302.2M	300.2M	307.7M
Gross profit	294.8M	298.1M	369.4M	374.9M	270.5M	419.1M	433.9M	370.4M	353.1M	363.6M
Gross margin	53.3%	52.5%	54.4%	53.5%	53.4%	57.2%	57.7%	55.1%	54%	54.2%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	240.8M	254.9M	307.2M	331.9M	256.7M	301.6M	313.5M	315.7M	333.1M	333.8M
Operating expenses	240.8M	254.9M	307.2M	331.9M	256.7M	301.6M	313.5M	315.7M	333.1M	333.8M
Operating income	54M	43.2M	62.2M	43M	13.8M	117.5M	120.4M	54.7M	20M	29.8M
Operating margin	9.77%	7.61%	9.15%	6.13%	2.72%	16%	16%	8.13%	3.06%	4.44%
Non-operating income, net	-1.3M	—	—	15.4M	-154.2M	530K	2.1M	6M	7.1M	5M
Pretax income	51.5M	42.1M	61.7M	57.5M	-142.4M	117.3M	121.9M	60.2M	26.7M	34.4M
Income tax	16.3M	57.4M	162K	15.1M	-31.2M	24.8M	24.9M	12.7M	7.4M	7.5M
Net income	35.1M	-15.2M	61.6M	42.4M	-111.2M	92.6M	97M	47.5M	19.2M	26.9M
Net margin	6.36%	-2.68%	9.06%	6.05%	-22%	12.6%	12.9%	7.07%	2.94%	4%
EBITDA	65.7M	57.1M	76.7M	59.5M	28.3M	130.5M	133.2M	70.3M	36.5M	44.3M
EPS	1.51	-0.66	2.68	1.85	-4.81	4	4.27	2.1	0.83	1.2
Diluted EPS	1.51	-0.66	2.61	1.83	-4.81	3.87	4.12	2.06	0.81	1.17

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27	Q2 27
Revenue	187.7M	179.6M	136.7M	159.3M	182.7M	174.7M	131.8M	161.8M	186.1M	191.6M	142.4M	169.8M
Cost of revenue	85.4M	82.8M	61.2M	72.9M	84.3M	81.8M	60.4M	74.3M	85.1M	87.9M	60.8M	68.9M
Gross profit	102.3M	96.8M	75.5M	86.4M	98.4M	92.9M	71.3M	87.6M	101.1M	103.6M	81.6M	100.8M
Gross margin	54.5%	53.9%	55.3%	54.2%	53.8%	53.2%	54.1%	54.1%	54.3%	54.1%	57.3%	59.4%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	81.6M	83.3M	72.2M	83.3M	91.8M	85.7M	71.1M	83.6M	89.3M	89.8M	74.6M	85.9M
Operating expenses	81.6M	83.3M	72.2M	83.3M	91.8M	85.7M	71.1M	83.6M	89.3M	89.8M	74.6M	85.9M
Operating income	20.7M	13.5M	3.3M	3M	6.5M	7.1M	291K	4M	11.7M	13.8M	7M	14.9M
Operating margin	11%	7.5%	2.42%	1.9%	3.58%	4.08%	0.22%	2.48%	6.3%	7.21%	4.93%	8.76%
Non-operating income, net	1.6M	1.8M	2.2M	1.9M	1.5M	1.6M	1.8M	1.2M	1.3M	724K	2M	1.3M
Pretax income	22.2M	15.1M	5.4M	4.8M	7.9M	8.6M	1.9M	5.1M	12.9M	14.4M	8.9M	16M
Income tax	4.5M	2.7M	2.3M	936K	2.5M	1.7M	660K	2M	3.3M	1.6M	1.9M	3.5M
Net income	17.7M	12.4M	3.1M	3.9M	5.4M	6.9M	1.3M	3.1M	9.7M	12.8M	6.9M	12.5M
Net margin	9.41%	6.91%	2.24%	2.42%	2.97%	3.92%	0.97%	1.94%	5.19%	6.68%	4.86%	7.36%
EBITDA	24.6M	17.6M	7.8M	7.2M	10.4M	11M	4.3M	7.6M	15.5M	16.9M	11.3M	18.4M
EPS	0.79	—	0.13	0.17	0.23	0.36	0.06	0.13	0.43	0.57	0.31	0.55
Diluted EPS	0.77	—	0.13	0.16	0.22	0.36	0.06	0.13	0.42	0.55	0.3	0.53

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	630.4M	705.9M	735.5M	396.4M	479.2M	848.6M	782.8M	612.9M	423.4M	503.4M	747M
Enterprise value	404.1M	516.1M	595.9M	359.4M	360.9M	647.9M	619.8M	442.9M	309.7M	351.5M	618.9M
Shares outstanding	23.2M	23.1M	23M	23M	23.2M	22.9M	22.1M	22.2M	22.1M	22.1M	22.1M

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	17.9	—	11.9	9.35	—	9.17	8.07	12.9	22	18.7	18.3
P/S	1.14	1.24	1.08	0.57	0.95	1.16	1.04	0.91	0.65	0.75	1.07
P/B	1.33	1.5	1.47	0.75	1.11	1.78	1.53	1.18	0.88	0.99	1.46
EV/EBITDA	6.15	9.04	7.77	6.04	12.8	4.97	4.65	6.3	8.5	7.94	11.2
EV/Sales	0.73	0.91	0.88	0.51	0.71	0.88	0.82	0.66	0.47	0.52	0.9
Earnings yield	5.57%	—	8.37%	10.7%	—	10.9%	12.4%	7.76%	4.54%	5.34%	5.45%
FCF yield	8.23%	6.85%	10.2%	4.82%	13.6%	14.7%	6.01%	11.2%	-2.26%	10.6%	7.22%
PEG	—	—	—	—	—	—	—	—	—	—	0.06

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	53.3%	52.5%	54.4%	53.5%	53.4%	57.2%	57.7%	55.1%	54%	54.2%	59.4%
Operating margin	9.77%	7.61%	9.15%	6.13%	2.72%	16%	16%	8.13%	3.06%	4.44%	8.77%
Net margin	6.36%	-2.68%	9.06%	6.05%	-22%	12.6%	12.9%	7.07%	2.94%	4%	6%
ROE	7.41%	-3.24%	12.3%	7.99%	-25.9%	19.4%	19%	9.16%	3.97%	5.27%	8.38%
ROA	5.78%	-2.36%	8.1%	5%	-15.5%	12.2%	12.3%	6.18%	2.63%	3.62%	4%
ROIC	14.9%	0%	17.2%	6.42%	4.43%	33.5%	27.6%	12.4%	3.9%	6.51%	10.5%
Return on tangible assets	5.81%	-3.18%	15.7%	8.65%	-16.2%	12.6%	12.6%	6.3%	2.67%	3.66%	5.68%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	7.07	4.8	4.15	4.25	3.93	3.66	3.98	4.81	4.34	4.58	4.26
Quick ratio	4.92	3.29	2.69	2.68	2.73	2.6	2.68	3.5	2.95	3.17	2.67
Debt / equity	0.06	0.05	0.1	0.28	0.25	0.16	0.17	0.18	0.2	0.15	0.13
Debt / assets	0.05	0.04	0.07	0.18	0.15	0.1	0.11	0.12	0.13	0.11	0.09
Net debt / EBITDA	-3.44	-3.32	-1.82	-0.62	-4.18	-1.54	-1.22	-2.42	-3.12	-3.43	-2.31
Interest coverage	36.1	28.9	81.1	62.8	-71.7	171.5	236.3	122.1	55.5	68.8	106.3
Effective tax rate	31.7%	100%	0.26%	26.3%	0%	21.1%	20.4%	21%	27.9%	21.8%	19.8%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	23.8	24.6	29.5	30.5	21.8	32	34	30.3	29.5	30.4	31
EPS (basic)	1.51	-0.66	2.68	1.85	-4.81	4	4.27	2.1	0.83	1.2	1.2
EPS (diluted)	1.51	-0.66	2.61	1.83	-4.81	3.87	4.12	2.06	0.81	1.17	1.81
Book value per share	20.4	20.4	21.7	23	18.5	20.8	23.1	23.4	21.8	23.1	22.7
FCF per share	2.24	2.1	3.26	0.83	2.81	5.45	2.13	3.08	-0.43	2.41	3.09
Cash per share	11	9.31	8.25	8.07	9.65	12.1	11.4	11.8	9.41	10.4	9.51
Capex per share	—	—	—	—	—	—	—	—	—	0.2	0.17

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	—	—	—	—	—	—	—	—	—	0.67%	0.58%
Capex / operating cash flow	—	—	—	—	—	—	—	—	—	7.79%	5.34%
Payout ratio	34%	-78.4%	30%	43.4%	0%	23.7%	32.3%	111.8%	161.7%	115.6%	80.1%
Dividend yield	1.89%	1.69%	2.51%	4.64%	0%	2.59%	4.01%	8.67%	7.34%	6.17%	4.78%

Yield

4.78%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.40

ex-dividend Sep 8, 2026

Payout ratio

80%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 8, 2026	$0.40
Jun 10, 2026	$0.40
Apr 2, 2026	$0.35

Period	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27	Q2 27
Revenue	$187.7M	$179.6M	$136.7M	$159.3M	$182.7M	$174.7M	$131.8M	$161.8M	$186.1M	$191.6M	$142.4M	$169.8M
YoY change	-11.2%	-7.54%	-5.68%	-0.67%	-2.64%	-2.76%	-3.59%	+1.58%	+1.86%	+9.68%	+8.07%	+4.9%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & short-term investments	256.3M	214.8M	189.9M	185.9M	223.8M	277.1M	251.6M	262.1M	208.5M	230.5M
Receivables	66.8M	83.1M	84M	78.4M	76.9M	91.6M	94.3M	104.5M	93.4M	102M
Inventory	153.2M	151.7M	165.3M	171.4M	152.6M	160.3M	186.2M	148M	156.7M	158.3M
Total current assets	504.8M	481.6M	468.1M	464.6M	501.7M	553.9M	567.2M	543.9M	489.9M	517.2M
Property, plant & equipment	34.2M	24.7M	26.1M	118.8M	98.4M	88.1M	99.6M	102.1M	105.9M	85M
Goodwill & intangibles	3.3M	166.8M	368.4M	357.4M	34.2M	27M	19.3M	15M	11.1M	8.3M
Total assets	607.8M	645.4M	759.7M	847.3M	719.3M	761.2M	787.7M	769.1M	729.2M	742.6M
Accounts payable	27.2M	24.4M	38.6M	35.5M	28.2M	46M	32.1M	32.8M	34.3M	21.1M
Short-term debt	5M	25M	—	15.1M	15.9M	13.7M	17.7M	15.7M	19.3M	20.6M
Total current liabilities	71.4M	100.3M	112.7M	109.3M	127.7M	151.5M	142.4M	113.1M	113M	113M
Long-term debt	25M	—	50.3M	133.8M	89.6M	62.7M	70.9M	76.4M	75.5M	58.1M
Total liabilities	133.8M	175M	259.3M	316.9M	289.3M	284.1M	277.2M	250.1M	245.7M	232.4M
Shareholders' equity	474M	470.3M	500.4M	530.4M	429.9M	477.1M	510.5M	519M	483.6M	510.3M
Total debt	30M	25M	50.3M	148.9M	105.5M	76.4M	88.6M	92.1M	94.8M	78.7M
Net debt	-226.3M	-189.8M	-139.6M	-37M	-118.3M	-200.7M	-163M	-170M	-113.7M	-151.9M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27	Q2 27
Cash & short-term investments	201M	262.1M	225.4M	198.3M	181.5M	208.5M	203.1M	180.5M	183.9M	230.5M	225.3M	211.6M
Receivables	135.5M	104.5M	101.7M	109.8M	139.2M	93.4M	87.3M	94.4M	118.3M	102M	80M	94.3M
Inventory	172M	148M	159.6M	176.4M	168.9M	156.7M	189.3M	211.5M	196.9M	158.3M	182M	196.5M
Total current assets	538.4M	543.9M	517.3M	523.9M	520.2M	489.9M	511M	516.2M	522M	517.2M	514.2M	527.2M
Property, plant & equipment	103.7M	102.1M	108.2M	105.7M	109.4M	105.9M	102M	96.3M	90.7M	85M	79.7M	74.3M
Goodwill & intangibles	15.4M	15M	13.9M	13.3M	12.4M	11.1M	10.8M	9.9M	8.9M	8.3M	7.3M	6.3M
Total assets	763.4M	769.1M	751.4M	759.2M	765.9M	729.2M	747.2M	748.7M	751.9M	742.6M	734M	743.3M
Accounts payable	23M	32.8M	33M	36.8M	29.4M	34.3M	33.1M	35.3M	27.1M	21.1M	30.4M	35.6M
Short-term debt	15.9M	15.7M	18.2M	18.4M	18.9M	19.3M	19.3M	19.9M	20.2M	20.6M	20.1M	18.4M
Total current liabilities	126.4M	113.1M	107M	118.9M	121.8M	113M	125.6M	131.4M	128.7M	113M	112.7M	123.7M
Long-term debt	76.9M	76.4M	79.7M	76.3M	79.4M	75.5M	73M	67.9M	62.9M	58.1M	53.5M	49.7M
Total liabilities	260.5M	250.1M	247.7M	252.6M	259.5M	245.7M	251.8M	256.5M	252M	232.4M	227.1M	236.1M
Shareholders' equity	502.9M	519M	503.7M	506.6M	506.4M	483.6M	495.4M	492.2M	499.9M	510.3M	506.9M	507.2M
Total debt	92.8M	92.1M	97.9M	94.7M	98.3M	94.8M	92.3M	87.8M	83.1M	78.7M	73.5M	68.1M
Net debt	-108.2M	-170M	-127.4M	-103.6M	-83.3M	-113.7M	-110.8M	-92.7M	-100.8M	-151.9M	-151.7M	-143.5M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Net income	35.1M	-15.2M	61.6M	42.4M	-111.2M	92.6M	97M	47.5M	19.2M	26.9M
Depreciation & amortization	11.5M	13.5M	14.2M	16.4M	14.1M	12.5M	10.8M	9.6M	9.3M	9.4M
Stock-based compensation	7.3M	4.9M	6M	6.4M	5.1M	5M	5.7M	7.4M	4.1M	5.2M
Change in working capital	6.3M	-8.7M	8.4M	-6.4M	1.2M	7.4M	-50.1M	33.6M	-21.2M	3.6M
Operating cash flow	58.5M	52.5M	71.4M	49.8M	-106M	116M	63.2M	100.3M	12.3M	57.9M
Capital expenditure	—	—	—	—	—	—	—	—	—	-4.5M
Investing cash flow	-1.3M	-78M	-97.9M	-399K	1.3M	-2M	-3.3M	-3.1M	—	-4.5M
Dividends paid	-11.9M	-11.9M	-18.5M	-18.4M	0	-22M	-31.4M	-53.1M	-31.1M	-31.1M
Share repurchases	-3.9M	-3.6M	-7.4M	-4.2M	0	-22.6M	-31.4M	-3.1M	-2.6M	-3.9M
Financing cash flow	-27.1M	-20.7M	-1.3M	-22.6M	-33.9M	-66.9M	-65.8M	-57.7M	-34.3M	-36.3M
Net change in cash	30.1M	-46.2M	-27.7M	26.8M	-138.6M	47.1M	-5.9M	39.5M	-22M	17.1M
Free cash flow	51.9M	48.4M	75M	19.1M	65.2M	124.9M	47.1M	68.4M	-9.6M	53.3M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27	Q2 27
Net income	17.7M	12.4M	3.1M	4.8M	6.7M	6.9M	1.3M	3.1M	9.7M	12.8M	6.9M	12.5M
Depreciation & amortization	2.2M	2.4M	2.3M	2.3M	2.4M	2.4M	2.3M	2.4M	2.4M	2.4M	2.3M	2.2M
Stock-based compensation	1.9M	1.9M	1.8M	1M	1.2M	14K	1.2M	1M	1.3M	1.6M	1.1M	1.4M
Change in working capital	-36.3M	72.2M	-14.4M	-27.2M	-30.3M	43.7M	-15.9M	-22.8M	-9.1M	51.4M	6.4M	-24.8M
Operating cash flow	-15.5M	92M	-9M	-17.8M	-20.3M	54.5M	-13.1M	-3.8M	12.3M	56.7M	7M	-417K
Capital expenditure	—	—	—	—	—	—	—	-1.3M	-686K	-1M	-1.2M	-1.2M
Investing cash flow	—	—	-3.1M	-1.2M	—	—	—	-1.3M	-686K	-1M	-1.2M	-1.2M
Dividends paid	-7.7M	-7.7M	-7.8M	-7.8M	-7.8M	-7.8M	0	-15.6M	-7.7M	-7.7M	-7.7M	-8.9M
Share repurchases	-1.9M	-767K	-1.1M	0	-1.5M	0	0	-1.6M	0	-2.3M	-1.5M	0
Financing cash flow	-9.7M	-9.2M	-8.9M	-7.8M	-9.3M	-7.8M	0	-17.2M	-7.7M	-10.1M	-9.3M	-8.9M
Net change in cash	-25.1M	82.8M	-21M	-26.7M	-29.6M	46.8M	-13.1M	-22.2M	3.8M	45.6M	-3.5M	-10.5M
Free cash flow	-3.9M	67.8M	-19.7M	-20.2M	-7.2M	37.5M	-8.8M	-5.1M	11.6M	55.6M	5.8M	-1.6M

Date	Ratio
Jun 28, 2004	2:1
Sep 30, 1997	3:2
May 2, 1997	5:4

Movado Group, Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history