Movado Group Financials
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).
Movado's cash recovery is being driven more by working-capital releases than by a full margin recovery.
Over the last year, free cash flow swung from-$9.5M to$53.4M even while operating margin remained subdued, helped by inventory reduction and lower capital spending. The important read-through is that liquidity improved faster than the earnings engine, so the rebound in cash says more about balance-sheet release than a full restoration of underlying profitability.
This business currently carries sticky overhead: selling costs stayed around
The balance sheet remains notably liquid, with cash of
Financial Health Signals
Based on FY2026 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Movado Group's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
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.
Movado Group's revenue grew a modest 2.7% year-over-year to $671.3M. This slow but positive growth earns a score of 34/100.
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.
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.
Movado Group has a free cash flow margin of 8.0%, earning a moderate score of 39/100. The company generates positive cash flow after capital investments, but with room for improvement.
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.
Movado Group scores 4.07, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
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.
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.
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
Earnings & Revenue
Movado Group generated $671.3M in revenue in fiscal year 2026. This represents an increase of 2.7% from the prior year.
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.
Movado Group reported $26.6M in net income in fiscal year 2026. This represents an increase of 44.6% from the prior year.
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
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.
Movado Group held $230.5M in cash against $0 in long-term debt as of fiscal year 2026.
Movado Group paid $1.40 per share in dividends in fiscal year 2026. This represents an increase of 0.0% from the prior year.
Margins & Returns
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.
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.
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.
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
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.
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 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $191.6M+2.9% | $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 |
| Cost of Revenue | $87.9M+3.4% | $85.1M+14.6% | $74.3M+22.9% | $60.4M | N/A | $83.9M+16.9% | $71.7M+16.7% | $61.5M |
| Gross Profit | $103.6M+2.5% | $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 |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $89.8M+0.6% | $89.3M+6.9% | $83.6M+17.6% | $71.1M | N/A | $90.6M+9.7% | $82.6M+16.7% | $70.8M |
| Operating Income | $13.8M+17.7% | $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 |
| Interest Expense | $150K+10.3% | $136K+23.6% | $110K-0.9% | $111K | N/A | $144K+30.9% | $110K-6.8% | $118K |
| Income Tax | $1.6M-51.4% | $3.3M+67.0% | $2.0M+197.1% | $660K | N/A | $2.4M+180.5% | $843K-58.5% | $2.0M |
| Net Income | $12.6M+31.1% | $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 |
| EPS (Diluted) | N/A | $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 |
MOV Balance Sheet
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $742.6M-1.2% | $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 |
| Current Assets | $517.2M-0.9% | $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 |
| Cash & Equivalents | $230.5M+25.4% | $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 |
| Inventory | $158.3M-19.6% | $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 |
| Accounts Receivable | $102.0M-13.8% | $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 |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $232.4M-7.8% | $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 |
| Current Liabilities | $113.0M-12.2% | $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 |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $508.8M+2.3% | $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 |
| Retained Earnings | $442.2M+1.1% | $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 |
MOV Cash Flow Statement
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $56.7M+361.3% | $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 |
| Capital Expenditures | $1.0M+45.8% | $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 |
| Free Cash Flow | $55.7M+379.9% | $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 |
| Investing Cash Flow | -$1.8M-16.2% | -$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 |
| Financing Cash Flow | -$10.9M-40.6% | -$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 |
| Dividends Paid | $7.7M0.0% | $7.7M-0.3% | $7.8M-0.1% | $7.8M+0.4% | $7.8M-0.3% | $7.8M0.0% | $7.8M0.0% | $7.8M |
| Share Buybacks | $2.3M | $0 | N/A | N/A | $0-100.0% | $1.5M | $0-100.0% | $1.1M |
MOV Financial Ratios
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 54.1%-0.2pp | 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% |
| Operating Margin | 7.2%+0.9pp | 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% |
| Net Margin | 6.6%+1.4pp | 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% |
| Return on Equity | 2.5%+0.5pp | 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% |
| Return on Assets | 1.7%+0.4pp | 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% |
| Current Ratio | 4.58+0.5 | 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 |
| Debt-to-Equity | 0.46-0.1 | 0.51-0.0 | 0.52+0.0 | 0.510.0 | 0.510.0 | 0.52+0.0 | 0.500.0 | 0.50 |
| FCF Margin | 29.0%+22.8pp | 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% |
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Frequently Asked Questions
What is Movado Group's annual revenue?
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.
How fast is Movado Group's revenue growing?
Movado Group (MOV) revenue grew by 2.7% year-over-year, from $653.4M to $671.3M in fiscal year 2026.
Is Movado Group profitable?
Yes, Movado Group (MOV) reported a net income of $26.6M in fiscal year 2026, with a net profit margin of 4.0%.
What is Movado Group's EBITDA?
Movado Group (MOV) had EBITDA of $39.2M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
What is Movado Group's gross margin?
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.
What is Movado Group's operating margin?
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.
What is Movado Group's net profit margin?
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.
Does Movado Group pay dividends?
Yes, Movado Group (MOV) paid $1.40 per share in dividends during fiscal year 2026.
What is Movado Group's return on equity (ROE)?
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.
What is Movado Group's free cash flow?
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.
What is Movado Group's operating cash flow?
Movado Group (MOV) generated $57.9M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Movado Group's total assets?
Movado Group (MOV) had $742.6M in total assets as of fiscal year 2026, including both current and long-term assets.
What are Movado Group's capital expenditures?
Movado Group (MOV) invested $4.5M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
What is Movado Group's current ratio?
Movado Group (MOV) had a current ratio of 4.58 as of fiscal year 2026, which is generally considered healthy.
What is Movado Group's debt-to-equity ratio?
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.
What is Movado Group's return on assets (ROA)?
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.
What is Movado Group's Altman Z-Score?
Movado Group (MOV) has an Altman Z-Score of 4.07, 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.
What is Movado Group's Piotroski F-Score?
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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Movado Group's earnings high quality?
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.
Can Movado Group cover its interest payments?
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.
How financially healthy is Movado Group?
Movado Group (MOV) scores 52 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.