Logo

MOV

Movado Group, Inc.

MOV

Movado Group, Inc. • NYSE
$20.94 ▼ -1.69% (-0.36)
Market Cap $328.39 M
52w High $22.20
52w Low $12.85
Dividend Yield 1.40%
P/E 21.59
Volume 66.02K
Outstanding Shares 15.68M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2026 $186.132M ▲ $89.331M ▲ $9.661M ▲ 5.19% ▲ $0.43 ▲ $10M ▲
Q2-2026 $161.829M ▲ $83.558M ▲ $2.986M ▲ 1.845% ▲ $0.13 ▲ $7.476M ▲
Q1-2026 $131.769M ▼ $71.059M ▼ $1.42M ▼ 1.078% ▼ $0.06 ▼ $4.331M ▼
Q4-2025 $174.669M ▼ $85.742M ▼ $6.702M ▲ 3.837% ▲ $0.36 ▲ $11.03M ▲
Q3-2025 $182.727M $91.846M $5.05M 2.764% $0.23 $10.45M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2026 $183.876M ▲ $751.899M ▲ $252.01M ▼ $499.889M ▲
Q2-2026 $180.493M ▼ $748.719M ▲ $256.484M ▲ $489.913M ▼
Q1-2026 $203.086M ▼ $747.178M ▲ $251.778M ▲ $493.228M ▲
Q4-2025 $208.501M ▲ $729.231M ▼ $245.652M ▼ $483.579M ▼
Q3-2025 $181.548M $765.876M $259.452M $503.583M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2026 $9.661M ▲ $12.282M ▲ $-1.543M ▲ $-7.756M ▲ $3.391M ▲ $11.596M ▲
Q2-2026 $3.138M ▲ $-3.802M ▲ $-1.917M ▲ $-17.151M ▼ $-22.58M ▼ $-5.081M ▲
Q1-2026 $1.28M ▼ $-7.214M ▼ $-2.837M ▼ $-467K ▲ $-5.341M ▼ $-8.761M ▼
Q4-2025 $6.852M ▲ $39.123M ▲ $-1.821M ▲ $-8.354M ▲ $26.913M ▲ $37.502M ▲
Q3-2025 $5.05M $-4.717M $-3.616M $-9.34M $-16.69M $-7.176M

Revenue by Products

Product Q1-2025Q2-2025Q3-2025Q4-2025
Company Stores
Company Stores
 $20.00M ▲$30.00M ▲$20.00M ▼$30.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Movado’s sales have climbed meaningfully from the pandemic years but appear to have peaked and then softened over the last two years. Profitability improved sharply after the earlier loss period, yet margins now look under pressure: operating profit and net income have stepped down from their highs even though revenue hasn’t fallen dramatically. This suggests more promotional activity, higher costs, or a tougher sales mix. Earnings remain positive but well below the recent peak, showing that the business is profitable, but cyclical and sensitive to shifts in luxury and fashion demand.

Balance Sheet

Balance Sheet The balance sheet is a clear strength. Assets have been stable, with a sizable cash position and relatively modest debt. Shareholders’ equity has trended upward, signaling that past profits have been retained and the capital base has strengthened over time. Low leverage and good liquidity give Movado a cushion to navigate slower periods, invest in brands, and manage through retail or wholesale disruptions without obvious financial strain.

Cash Flow

Cash Flow Historically, Movado converted its profits into healthy cash flows, with room left after investments for surplus free cash. Recently, however, cash generated from operations has nearly stalled and free cash flow has slipped slightly negative, even though investment spending remains quite modest. That points to either weaker underlying profitability or more cash tied up in working capital, such as inventories or receivables. It does not yet signal a structural problem, but it is a notable change that warrants attention if the pattern continues.

Competitive Edge

Competitive Edge Movado sits in the middle of the global watch and accessible luxury market, relying more on design, branding, and licensing than on deep in‑house manufacturing. Its portfolio of owned brands and licensed fashion labels lets it reach multiple price points and customer segments, from classic Swiss-inspired pieces to trend-driven fashion watches. The iconic Museum Dial and long design heritage offer clear brand recognition. At the same time, the company faces intense competition from both established Swiss groups and technology-driven smartwatches, and it is somewhat dependent on the strength and renewal of its licensing partnerships. Its moat is thus based more on branding and distribution than on hard-to-replicate technology.

Innovation and R&D

Innovation and R&D Innovation at Movado is centered on design, branding, and product concept rather than heavy technical research. The Museum Dial, artist collaborations, and acquisitions like MVMT and Olivia Burton show a focus on visual identity, storytelling, and reaching younger, digitally engaged consumers. The group has also experimented with smartwatches and is leaning into sustainability initiatives, such as more automatic and solar-powered models and “better for the planet” materials. Growth in direct-to-consumer and e‑commerce channels is another important area of ongoing innovation. Overall, it is evolving with taste and channel shifts, even if it does not compete as a cutting‑edge technology player.

Summary

Movado today looks like a financially solid but cyclical luxury and fashion business. The company moved from losses to strong profits after the pandemic, but more recently its earnings trajectory has cooled and cash generation has weakened, even as the balance sheet remains strong with good liquidity and modest debt. Its competitive edge stems from distinctive design, an established brand, and a diversified mix of owned and licensed labels rather than from proprietary watch technology. Future performance will likely hinge on how well it manages margin pressure, controls inventories, grows digital and direct-to-consumer sales, and keeps its brands relevant against both traditional luxury peers and technology‑oriented wearables. The fundamentals offer resilience, while the main risks lie in ongoing demand softness, intense competition, and the inherently fashion‑driven nature of its categories.

NEWS

November 25, 2025 · 6:45 AM UTC

Movado Group, Inc. Announces Third Quarter Fiscal 2026 Results

Read more

November 18, 2025 · 6:45 AM UTC

Movado Group, Inc. Announces Date of Conference Call and Webcast for Third Quarter Fiscal Year 2026 Results

Read more

September 25, 2025 · 7:00 AM UTC

Movado Group Publishes 2025 Corporate Responsibility Report

Read more