NYSE : MOV
Movado Group, Inc. — Financial statements
Consumer Discretionary · Luxury Goods · United States
Last price 31.21 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 696.37M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Movado Group, Inc. (MOV) reported revenue of 689.87M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 689.87M | 671.31M | 653.38M | 664.39M | 744.21M | 732.39M |
| Cost of Revenue | 302.76M | 307.71M | 300.24M | 300.23M | 315.08M | 313.33M |
| Gross Profit | 387.11M | 363.60M | 353.14M | 364.16M | 429.13M | 419.06M |
| Selling, General & Admin | 339.40M | 332.00M | 327.99M | 315.60M | 313.08M | 301.14M |
| Operating Expenses | 339.40M | 332.00M | 327.99M | 315.60M | 313.12M | 301.25M |
| Operating Income | 47.70M | 31.61M | 25.15M | 48.55M | 116.00M | 117.81M |
| Interest Expense | -496.00K | -507.00K | -489.00K | -497.00K | -518.00K | -688.00K |
| Interest & Investment Income | 5.36M | 5.16M | 6.59M | 6.41M | 1.65M | |
| Other Non Operating Income (Expenses) | -346.00K | 209.00K | ||||
| EBT Excluding Unusual Items | 52.22M | 36.26M | 31.25M | 54.47M | 117.14M | 117.33M |
| Merger & Restructuring Charges | -1.50M | -4.60M | ||||
| Gain (Loss) on Sale of Investments | -400.00K | -500.00K | ||||
| Pretax Income | 52.22M | 34.35M | 26.65M | 53.97M | 117.14M | 117.33M |
| Income Tax Expense | 10.35M | 7.49M | 7.44M | 11.79M | 24.26M | 24.77M |
| Earnings From Continuing Operations | 41.87M | 26.87M | 19.21M | 42.17M | 92.88M | 92.56M |
| Minority Interest in Earnings | -491.00K | -316.00K | -845.00K | -830.00K | -2.50M | -960.00K |
| Net Income | 41.38M | 26.55M | 18.36M | 41.34M | 90.38M | 91.60M |
| Net Income to Common | 41.38M | 26.55M | 18.36M | 41.34M | 90.38M | 91.60M |
| Shares Outstanding (Basic) | 22.24M | 22.24M | 22.27M | 22.22M | 22.50M | 23.19M |
| Shares Outstanding (Diluted) | 22.84M | 22.61M | 22.60M | 22.64M | 22.95M | 23.68M |
| EPS (Basic) | 1.86 | 1.19 | 0.82 | 1.86 | 4.02 | 3.95 |
| EPS (Diluted) | 1.80 | 1.17 | 0.81 | 1.83 | 3.94 | 3.87 |
| Free Cash Flow | 71.44M | 53.41M | -9.47M | 68.56M | 47.26M | 125.16M |
| Free Cash Flow Per Share | 3.13 | 2.36 | -0.42 | 3.03 | 2.06 | 5.29 |
| Dividend Per Share | 1.45 | 1.40 | 1.40 | 1.40 | 1.40 | 0.85 |
| Gross Margin | 56.11% | 54.16% | 54.05% | 54.81% | 57.66% | 57.22% |
| Operating Margin | 6.92% | 4.71% | 3.85% | 7.31% | 15.59% | 16.09% |
| Profit Margin | 6.00% | 3.96% | 2.81% | 6.22% | 12.14% | 12.51% |
| Free Cash Flow Margin | 10.36% | 7.96% | -1.45% | 10.32% | 6.35% | 17.09% |
| EBITDA | 55.40M | 39.42M | 32.47M | 56.20M | 125.31M | 128.68M |
| EBITDA Margin | 8.03% | 5.87% | 4.97% | 8.46% | 16.84% | 17.57% |
| D&A For EBITDA | 7.70M | 7.82M | 7.31M | 7.64M | 9.31M | 10.86M |
| EBIT | 47.70M | 31.61M | 25.15M | 48.55M | 116.00M | 117.81M |
| EBIT Margin | 6.92% | 4.71% | 3.85% | 7.31% | 15.59% | 16.09% |
| Effective Tax Rate | 19.82% | 21.79% | 27.92% | 21.85% | 20.71% | 21.11% |
Balance sheet
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 211.61M | 230.54M | 208.50M | 262.06M | 251.58M | 277.13M |
| Short-Term Investments | 489.00K | 434.00K | 449.00K | 401.00K | 419.00K | 413.00K |
| Cash & Short-Term Investments | 212.10M | 230.97M | 208.95M | 262.46M | 252.00M | 277.54M |
| Accounts Receivable | 94.34M | 102.04M | 93.38M | 86.04M | 94.28M | 91.56M |
| Other Receivables | 5.16M | 4.12M | 9.53M | 11.34M | 10.91M | 7.94M |
| Receivables | 99.50M | 106.16M | 102.92M | 97.38M | 105.19M | 99.50M |
| Inventory | 196.46M | 158.33M | 156.74M | 153.89M | 186.20M | 160.28M |
| Other Current Assets | 19.11M | 21.77M | 21.34M | 17.56M | 23.79M | 16.56M |
| Total Current Assets | 527.17M | 517.24M | 489.94M | 531.29M | 567.19M | 553.88M |
| Property, Plant & Equipment | 74.31M | 84.98M | 105.93M | 102.10M | 99.60M | 88.12M |
| Other Intangible Assets | 3.15M | 4.16M | 5.54M | 7.49M | 9.64M | 13.51M |
| Long-Term Deferred Tax Assets | 45.43M | 45.92M | 41.33M | 43.02M | 44.49M | 42.60M |
| Other Long-Term Assets | 93.28M | 90.33M | 86.49M | 72.60M | 66.79M | 63.05M |
| Total Assets | 743.34M | 742.62M | 729.23M | 756.50M | 787.71M | 761.16M |
| Accounts Payable | 35.59M | 21.14M | 34.31M | 32.77M | 32.09M | 46.01M |
| Accrued Expenses | 65.79M | 65.72M | 47.48M | 44.37M | 61.99M | 71.31M |
| Current Portion of Leases | 18.43M | 20.60M | 19.26M | 15.70M | 17.68M | 13.74M |
| Current Income Taxes Payable | 3.75M | 3.66M | 8.94M | 16.64M | 28.59M | 18.12M |
| Other Current Liabilities | 145.00K | 1.92M | 2.97M | 1.92M | 2.07M | 2.28M |
| Total Current Liabilities | 123.70M | 113.05M | 112.96M | 111.40M | 142.42M | 151.47M |
| Long-Term Leases | 49.68M | 58.06M | 75.51M | 76.40M | 70.91M | 62.73M |
| Pension & Post-Retirement Benefits | 57.52M | 55.74M | 53.44M | 48.80M | 44.44M | 47.26M |
| Long-Term Deferred Tax Liabilities | 1.13M | 1.03M | 1.01M | 8.23M | 15.16M | 19.61M |
| Other Long-Term Liabilities | 4.09M | 4.48M | 2.73M | 3.62M | 4.23M | 3.00M |
| Total Liabilities | 236.13M | 232.36M | 245.65M | 248.45M | 277.16M | 284.07M |
| Common Stock | 361.00K | 357.00K | 356.00K | 354.00K | 353.00K | 351.00K |
| Additional Paid-In Capital | 254.19M | 249.11M | 243.35M | 239.06M | 230.78M | 222.62M |
| Retained Earnings | 444.79M | 442.20M | 446.70M | 459.41M | 476.75M | 413.59M |
| Treasury Stock | -297.38M | -293.44M | -289.07M | -285.27M | -281.58M | -249.04M |
| Comprehensive Income & Other | 103.65M | 110.61M | 79.98M | 92.33M | 81.30M | 85.30M |
| Total Common Equity | 505.62M | 508.84M | 481.33M | 505.89M | 507.61M | 472.81M |
| Minority Interest | 1.60M | 1.42M | 2.25M | 2.16M | 2.94M | 4.28M |
| Shareholders' Equity | 507.22M | 510.26M | 483.58M | 508.05M | 510.54M | 477.09M |
| Total Liabilities & Equity | 743.34M | 742.62M | 729.23M | 756.50M | 787.71M | 761.16M |
| Total Debt | 68.11M | 78.67M | 94.77M | 92.09M | 88.59M | 76.47M |
| Net Cash (Debt) | 143.99M | 152.31M | 114.18M | 170.37M | 163.41M | 201.07M |
| Net Cash Per Share | 6.31 | 6.74 | 5.05 | 7.52 | 7.12 | 8.49 |
| Filing Date Shares Outstanding | 22.31M | 22.08M | 22.24M | 22.13M | 22.14M | 22.76M |
| Total Common Shares Outstanding | 22.31M | 22.08M | 22.15M | 22.16M | 22.14M | 22.89M |
| Working Capital | 403.48M | 404.19M | 376.98M | 419.89M | 424.77M | 402.42M |
| Book Value Per Share | 22.66 | 23.05 | 21.73 | 22.83 | 22.93 | 20.65 |
| Tangible Book Value | 502.47M | 504.68M | 475.79M | 498.40M | 497.96M | 459.30M |
| Tangible Book Value Per Share | 22.52 | 22.86 | 21.48 | 22.49 | 22.49 | 20.06 |
| Land | 1.56M | 1.32M | 1.40M | 1.31M | 1.29M | |
| Machinery | 47.80M | 46.04M | 54.17M | 58.03M | 57.41M | |
| Leasehold Improvements | 36.83M | 35.98M | 35.13M | 40.33M | 38.83M | |
| Order Backlog | 46.90M | 56.80M | 41.00M | 40.70M | 60.90M |
Cash flow statement
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 41.38M | 26.55M | 18.36M | 41.34M | 90.38M | 91.60M |
| Depreciation & Amortization | 7.70M | 7.82M | 7.31M | 7.64M | 9.31M | 10.86M |
| Other Amortization | 1.60M | 1.60M | 2.00M | 2.00M | 1.50M | 1.60M |
| Stock-Based Compensation | 5.44M | 5.16M | 4.11M | 7.44M | 5.73M | 4.95M |
| Other Operating Activities | 3.98M | 4.96M | 6.29M | 8.31M | 6.31M | 4.37M |
| Change in Accounts Receivable | 1.70M | -276.00K | -11.55M | -899.00K | 4.24M | -18.55M |
| Change in Inventory | 11.98M | 9.83M | -11.72M | 35.67M | -31.82M | -15.44M |
| Change in Accounts Payable | 397.00K | -15.45M | 1.84M | 1.54M | -13.74M | 18.27M |
| Change in Income Taxes | 4.36M | 270.00K | -12.44M | -17.58M | 2.07M | 18.52M |
| Change in Other Net Operating Assets | -3.05M | 17.46M | -5.70M | -8.70M | -19.64M | 14.62M |
| Operating Cash Flow | 75.48M | 57.92M | -1.50M | 76.78M | 54.34M | 130.81M |
| Capital Expenditures | -4.03M | -4.51M | -7.97M | -8.22M | -7.08M | -5.66M |
| Sale (Purchase) of Intangibles | -165.00K | -138.00K | -109.00K | -144.00K | -202.00K | -291.00K |
| Investment in Securities | -2.69M | -3.44M | -5.67M | -3.11M | -3.26M | -1.97M |
| Investing Cash Flow | -6.89M | -8.09M | -13.74M | -11.47M | -10.55M | -7.91M |
| Long-Term Debt Repaid | -21.14M | |||||
| Net Debt Issued (Repaid) | -21.14M | |||||
| Issuance of Common Stock | 32.00K | 32.00K | 97.00K | 489.00K | 324.00K | |
| Repurchase of Common Stock | -3.85M | -3.90M | -2.63M | -3.12M | -31.41M | -22.60M |
| Common Dividends Paid | -32.14M | -31.05M | -31.07M | -53.15M | -31.36M | -21.97M |
| Other Financing Activities | -1.12M | -1.36M | -1.71M | -1.43M | -3.03M | -1.23M |
| Financing Cash Flow | -37.07M | -36.28M | -35.40M | -57.60M | -65.31M | -66.61M |
| Foreign Exchange Rate Adjustments | -393.00K | 8.62M | -2.95M | 2.93M | -4.01M | -2.99M |
| Net Cash Flow | 31.12M | 22.17M | -53.60M | 10.63M | -25.54M | 53.29M |
| Free Cash Flow | 71.44M | 53.41M | -9.47M | 68.56M | 47.26M | 125.16M |
| Free Cash Flow Margin | 10.36% | 7.96% | -1.45% | 10.32% | 6.35% | 17.09% |
| Free Cash Flow Per Share | 3.13 | 2.36 | -0.42 | 3.03 | 2.06 | 5.29 |
| Levered Free Cash Flow | 53.97M | 22.84M | 6.60M | 56.07M | 29.60M | 111.86M |
| Unlevered Free Cash Flow | 54.28M | 23.15M | 6.90M | 56.38M | 29.92M | 112.29M |
| Cash Interest Paid | 300.00K | 300.00K | 300.00K | 300.00K | 400.00K | |
| Cash Income Tax Paid | 28.40M | 28.70M | 29.00M | 25.30M | ||
| Change in Working Capital | 15.38M | 11.84M | -39.57M | 10.04M | -58.89M | 17.43M |
Ratios
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 696.37M | 504.75M | 299.89M | 430.16M | 786.07M | 849.44M |
| Enterprise Value | 552.37M | 405.94M | 219.01M | 324.13M | 686.45M | 729.14M |
| Last Close Price | 31.21 | 21.97 | 16.96 | 22.99 | 27.01 | 27.18 |
| PE Ratio | 17.29 | 19.01 | 16.33 | 10.40 | 8.70 | 9.27 |
| Forward PE | 16.15 | 14.46 | 8.79 | 14.91 | 7.93 | 11.56 |
| PS Ratio | 1.01 | 0.75 | 0.46 | 0.65 | 1.06 | 1.16 |
| PB Ratio | 1.38 | 0.99 | 0.62 | 0.85 | 1.54 | 1.78 |
| P/TBV Ratio | 1.39 | 1.00 | 0.63 | 0.86 | 1.58 | 1.85 |
| P/FCF Ratio | 9.75 | 9.45 | 6.28 | 16.63 | 6.79 | |
| P/OCF Ratio | 9.23 | 8.71 | 5.60 | 14.46 | 6.49 | |
| PEG Ratio | 0.94 | 0.94 | 0.94 | 0.94 | 0.94 | |
| EV/Sales Ratio | 0.80 | 0.60 | 0.34 | 0.49 | 0.92 | 1.00 |
| EV/EBITDA Ratio | 9.97 | 10.30 | 6.75 | 5.77 | 5.48 | 5.67 |
| EV/EBIT Ratio | 11.58 | 12.84 | 8.71 | 6.67 | 5.92 | 6.19 |
| EV/FCF Ratio | 7.73 | 7.60 | 4.73 | 14.53 | 5.83 | |
| Debt / Equity Ratio | 0.13 | 0.15 | 0.20 | 0.18 | 0.17 | 0.16 |
| Debt / EBITDA Ratio | 0.77 | 1.09 | 1.47 | 1.05 | 0.57 | 0.48 |
| Debt / FCF Ratio | 0.95 | 1.47 | 1.34 | 1.88 | 0.61 | |
| Net Debt / Equity Ratio | -0.28 | -0.30 | -0.24 | -0.34 | -0.32 | -0.42 |
| Net Debt / EBITDA Ratio | -2.60 | -3.86 | -3.52 | -3.03 | -1.30 | -1.56 |
| Net Debt / FCF Ratio | -2.02 | -2.85 | 12.06 | -2.48 | -3.46 | -1.61 |
| Asset Turnover | 0.93 | 0.91 | 0.88 | 0.86 | 0.96 | 0.99 |
| Inventory Turnover | 1.48 | 1.95 | 1.93 | 1.77 | 1.82 | 2.00 |
| Quick Ratio | 2.52 | 2.98 | 2.76 | 3.23 | 2.51 | 2.49 |
| Current Ratio | 4.26 | 4.58 | 4.34 | 4.77 | 3.98 | 3.66 |
| Return on Equity (ROE) | 8.38% | 5.41% | 3.87% | 8.28% | 18.81% | 20.41% |
| Return on Assets (ROA) | 4.00% | 2.68% | 2.12% | 3.93% | 9.36% | 9.95% |
| Return on Invested Capital (ROIC) | 10.65% | 6.80% | 5.13% | 11.08% | 29.52% | 31.64% |
| Return on Capital Employed (ROCE) | 7.70% | 5.00% | 4.10% | 7.50% | 18.00% | 19.30% |
| Earnings Yield | 5.78% | 5.26% | 6.12% | 9.61% | 11.50% | 10.78% |
| FCF Yield | 10.26% | 10.58% | -3.16% | 15.94% | 6.01% | 14.73% |
| Dividend Yield | 5.13% | 6.12% | 10.34% | 7.21% | 3.94% | 2.29% |
| Payout Ratio | 88.65% | 116.95% | 169.18% | 128.54% | 34.70% | 23.99% |
| Buyback Yield / Dilution | -1.45% | -0.05% | 0.17% | 1.37% | 3.06% | -1.89% |
| Total Shareholder Return | 3.68% | 6.07% | 10.51% | 8.58% | 7.00% | 0.40% |