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Movado Group Financials

MOV
Source SEC Filings (10-K/10-Q) Updated Mar 19, 2026 Currency USD FYE March

This page shows Movado Group (MOV) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 54 / 100
Financial Profile 54/100

Based on FY2026 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
32

Movado Group has an operating margin of 4.4%, meaning the company retains $4 of operating profit per $100 of revenue. This results in a moderate score of 32/100, indicating healthy but not exceptional operating efficiency. This is up from 3.1% the prior year.

Growth
38

Movado Group's revenue grew a modest 2.7% year-over-year to $671.3M. This slow but positive growth earns a score of 38/100.

Leverage
93

Movado Group carries a low D/E ratio of 0.46, meaning only $0.46 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 93/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
91

With a current ratio of 4.58, Movado Group holds $4.58 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 91/100.

Cash Flow
45

Movado Group has a free cash flow margin of 8.0%, earning a moderate score of 45/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns
23

Movado Group generates a 5.2% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 23/100. This is up from 3.7% the prior year.

Altman Z-Score Safe
3.93

Movado Group scores 3.93, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Strong
7/9

Movado Group passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed
2.18x

For every $1 of reported earnings, Movado Group generates $2.18 in operating cash flow ($57.9M OCF vs $26.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe
58.8x

Movado Group earns $58.8 in operating income for every $1 of interest expense ($29.8M vs $507K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue
$671.3M
YoY+2.7%
5Y CAGR+5.8%
10Y CAGR+1.2%

Movado Group generated $671.3M in revenue in fiscal year 2026. This represents an increase of 2.7% from the prior year.

EBITDA
$39.2M
YoY+33.8%
10Y CAGR-7.2%

Movado Group's EBITDA was $39.2M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 33.8% from the prior year.

Net Income
$26.6M
YoY+44.6%
10Y CAGR-5.2%

Movado Group reported $26.6M in net income in fiscal year 2026. This represents an increase of 44.6% from the prior year.

EPS (Diluted)
$1.17
YoY+44.4%
10Y CAGR-4.7%

Movado Group earned $1.17 per diluted share (EPS) in fiscal year 2026. This represents an increase of 44.4% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$53.4M
YoY+664.0%
5Y CAGR-4.0%
10Y CAGR-2.2%

Movado Group generated $53.4M in free cash flow in fiscal year 2026, representing cash available after capex. This represents an increase of 664.0% from the prior year.

Cash & Debt
$230.5M
YoY+13.5%
5Y CAGR+4.3%
10Y CAGR+1.2%

Movado Group held $230.5M in cash against $0 in long-term debt as of fiscal year 2026.

Dividends Per Share
$2.40
YoY+71.4%
10Y CAGR+18.5%

Movado Group paid $2.40 per share in dividends in fiscal year 2026. This represents an increase of 71.4% from the prior year.

Shares Outstanding
16M

Movado Group had 16M shares outstanding in fiscal year 2026.

Margins & Returns

Gross Margin
54.2%
YoY+0.1pp
5Y CAGR+0.7pp
10Y CAGR+0.9pp

Movado Group's gross margin was 54.2% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is up 0.1 percentage points from the prior year.

Operating Margin
4.4%
YoY+1.4pp
5Y CAGR+32.5pp
10Y CAGR-7.3pp

Movado Group's operating margin was 4.4% in fiscal year 2026, reflecting core business profitability. This is up 1.4 percentage points from the prior year.

Net Margin
4.0%
YoY+1.2pp
5Y CAGR+26.0pp
10Y CAGR-3.6pp

Movado Group's net profit margin was 4.0% in fiscal year 2026, showing the share of revenue converted to profit. This is up 1.2 percentage points from the prior year.

Return on Equity
5.2%
YoY+1.5pp
5Y CAGR+31.4pp
10Y CAGR-4.6pp

Movado Group's ROE was 5.2% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is up 1.5 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
$3.9M
YoY+48.4%
10Y CAGR-22.3%

Movado Group spent $3.9M on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 48.4% from the prior year.

Capital Expenditures
$4.5M
YoY-43.4%
5Y CAGR+8.4%
10Y CAGR-5.6%

Movado Group invested $4.5M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents a decrease of 43.4% from the prior year.

MOV Income Statement

Metric Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24
Revenue $186.1M+15.0% $161.8M+22.8% $131.8M-27.4% $181.5M+0.5% $180.5M+15.0% $157.0M+16.8% $134.4M-23.5% $175.8M
Cost of Revenue $85.1M+14.6% $74.3M+22.9% $60.4M N/A $83.9M+16.9% $71.7M+16.7% $61.5M-24.7% $81.7M
Gross Profit $101.1M+15.4% $87.6M+22.7% $71.3M-27.4% $98.3M+1.8% $96.6M+13.3% $85.3M+16.9% $72.9M-22.5% $94.1M
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $89.3M+6.9% $83.6M+17.6% $71.1M N/A $90.6M+9.7% $82.6M+16.7% $70.8M-15.0% $83.3M
Operating Income $11.7M+192.6% $4.0M+1277.0% $291K-96.8% $9.2M+52.9% $6.0M+128.3% $2.6M+24.7% $2.1M-80.4% $10.8M
Interest Expense $136K+23.6% $110K-0.9% $111K N/A $144K+30.9% $110K-6.8% $118K-13.2% $136K
Income Tax $3.3M+67.0% $2.0M+197.1% $660K N/A $2.4M+180.5% $843K-58.5% $2.0M-13.4% $2.3M
Net Income $9.6M+220.9% $3.0M+110.3% $1.4M-82.4% $8.1M+66.8% $4.8M+39.1% $3.5M+72.2% $2.0M-79.5% $9.8M
EPS (Diluted) $0.42+223.1% $0.13+116.7% $0.06-83.3% $0.36+71.4% $0.21+40.0% $0.15+66.7% $0.09-79.1% $0.43

MOV Balance Sheet

Metric Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24
Total Assets $751.9M+0.4% $748.7M+0.2% $747.2M+2.5% $729.2M-2.4% $747.2M+0.6% $742.5M+0.9% $736.0M-2.7% $756.5M
Current Assets $522.0M+1.1% $516.2M+1.0% $511.0M+4.3% $489.9M-2.3% $501.5M-1.1% $507.2M+1.1% $501.9M-5.5% $531.3M
Cash & Equivalents $183.9M+1.9% $180.5M-11.1% $203.1M-2.6% $208.5M+14.8% $181.5M-8.4% $198.3M-12.0% $225.4M-14.0% $262.1M
Inventory $196.9M-6.9% $211.5M+11.7% $189.3M+20.8% $156.7M-11.0% $176.1M-3.8% $183.2M+10.9% $165.2M+7.3% $153.9M
Accounts Receivable $118.3M+25.3% $94.4M+8.2% $87.3M-6.6% $93.4M-18.0% $113.9M+31.3% $86.7M+7.0% $81.0M-5.8% $86.0M
Goodwill N/A N/A N/A N/A N/A N/A N/A N/A
Total Liabilities $252.0M-1.7% $256.5M+1.9% $251.8M+2.5% $245.7M-3.0% $253.3M+2.1% $248.1M+1.6% $244.1M-1.7% $248.4M
Current Liabilities $128.7M-2.1% $131.4M+4.7% $125.6M+11.1% $113.0M-2.3% $115.7M+1.1% $114.4M+10.7% $103.4M-7.2% $111.4M
Long-Term Debt N/A N/A N/A N/A N/A N/A N/A N/A
Total Equity $497.5M+1.5% $489.9M-0.7% $493.2M+2.5% $481.3M-2.0% $491.3M-0.2% $492.0M+0.5% $489.6M-3.2% $505.9M
Retained Earnings $437.4M+0.4% $435.6M-1.1% $440.3M-1.4% $446.7M+0.1% $446.4M-0.7% $449.3M-0.9% $453.7M-1.3% $459.4M

MOV Cash Flow Statement

Metric Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24
Operating Cash Flow $12.3M+423.0% -$3.8M+47.3% -$7.2M-118.4% $39.1M+929.4% -$4.7M+73.6% -$17.8M+1.3% -$18.1M-126.0% $69.4M
Capital Expenditures $686K-46.9% $1.3M-15.7% $1.5M-4.1% $1.6M-34.9% $2.5M+7.3% $2.3M+40.9% $1.6M+1.8% $1.6M
Free Cash Flow $11.6M+327.6% -$5.1M+41.8% -$8.7M-123.3% $37.5M+623.2% -$7.2M+64.4% -$20.1M-2.2% -$19.7M-129.0% $67.8M
Investing Cash Flow -$1.5M+19.5% -$1.9M+32.4% -$2.8M-55.8% -$1.8M+49.6% -$3.6M-3.0% -$3.5M+26.8% -$4.8M-78.0% -$2.7M
Financing Cash Flow -$7.8M+54.8% -$17.2M-3572.6% -$467K+94.4% -$8.4M+10.6% -$9.3M-19.9% -$7.8M+21.4% -$9.9M-10.3% -$9.0M
Dividends Paid $7.7M-0.3% $7.8M-0.1% $7.8M+0.4% $7.8M-0.3% $7.8M0.0% $7.8M0.0% $7.8M+0.3% $7.7M
Share Buybacks $0 N/A N/A $0-100.0% $1.5M $0-100.0% $1.1M+41.6% $767K

MOV Financial Ratios

Metric Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24
Gross Margin 54.3%+0.2pp 54.1%-0.0pp 54.1%-0.0pp 54.2%+0.7pp 53.5%-0.8pp 54.3%+0.0pp 54.3%+0.7pp 53.5%
Operating Margin 6.3%+3.8pp 2.5%+2.3pp 0.2%-4.9pp 5.1%+1.7pp 3.3%+1.7pp 1.7%+0.1pp 1.6%-4.6pp 6.1%
Net Margin 5.1%+3.3pp 1.8%+0.8pp 1.1%-3.4pp 4.4%+1.8pp 2.7%+0.5pp 2.2%+0.7pp 1.5%-4.1pp 5.6%
Return on Equity 1.9%+1.3pp 0.6%+0.3pp 0.3%-1.4pp 1.7%+0.7pp 1.0%+0.3pp 0.7%+0.3pp 0.4%-1.5pp 1.9%
Return on Assets 1.3%+0.9pp 0.4%+0.2pp 0.2%-0.9pp 1.1%+0.4pp 0.7%+0.2pp 0.5%+0.2pp 0.3%-1.0pp 1.3%
Current Ratio 4.06+0.1 3.93-0.1 4.07-0.3 4.340.0 4.34-0.1 4.43-0.4 4.86+0.1 4.77
Debt-to-Equity 0.51-0.0 0.52+0.0 0.510.0 0.510.0 0.52+0.0 0.500.0 0.500.0 0.49
FCF Margin 6.2%+9.4pp -3.1%+3.5pp -6.6%-27.3pp 20.7%+24.6pp -4.0%+8.9pp -12.8%+1.8pp -14.7%-53.2pp 38.6%

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Frequently Asked Questions

Movado Group (MOV) reported $671.3M in total revenue for fiscal year 2026. This represents a 2.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Movado Group (MOV) revenue grew by 2.7% year-over-year, from $653.4M to $671.3M in fiscal year 2026.

Yes, Movado Group (MOV) reported a net income of $26.6M in fiscal year 2026, with a net profit margin of 4.0%.

Movado Group (MOV) reported diluted earnings per share of $1.17 for fiscal year 2026. This represents a 44.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Movado Group (MOV) had EBITDA of $39.2M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

Movado Group (MOV) had a gross margin of 54.2% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

Movado Group (MOV) had an operating margin of 4.4% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

Movado Group (MOV) had a net profit margin of 4.0% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

Yes, Movado Group (MOV) paid $2.40 per share in dividends during fiscal year 2026.

Movado Group (MOV) has a return on equity of 5.2% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

Movado Group (MOV) generated $53.4M in free cash flow during fiscal year 2026. This represents a 664.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Movado Group (MOV) generated $57.9M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

Movado Group (MOV) had $742.6M in total assets as of fiscal year 2026, including both current and long-term assets.

Movado Group (MOV) invested $4.5M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

Yes, Movado Group (MOV) spent $3.9M on share buybacks during fiscal year 2026, returning capital to shareholders by reducing shares outstanding.

Movado Group (MOV) had 16M shares outstanding as of fiscal year 2026.

Movado Group (MOV) had a current ratio of 4.58 as of fiscal year 2026, which is generally considered healthy.

Movado Group (MOV) had a debt-to-equity ratio of 0.46 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

Movado Group (MOV) had a return on assets of 3.6% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

Movado Group (MOV) has an Altman Z-Score of 3.93, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Movado Group (MOV) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Movado Group (MOV) has an earnings quality ratio of 2.18x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Movado Group (MOV) has an interest coverage ratio of 58.8x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Movado Group (MOV) scores 54 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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