Movado Group Inc
MOV NYSE Watches, Clocks, Clockwork Operated Devices/Parts Financials FY2017–FY2026
Last close · Oct 23, 2026
$31.46
2.5%
Revenue
Total sales reported in the income statement.
$671M
2.7%
vs prior year
Operating margin
Operating income as a share of revenue.
4.4%
1.4 pts
Net income
Profit after all expenses, interest and tax.
$26.6M
44.6%
Free cash flow
Cash from operations minus capital spending.
$53.4M
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
—
Market cap
Last close times the latest diluted share count, so it is approximate.
$726M
Oct 23 close
P/E
Last close divided by diluted earnings per share over the last four quarters.
17.4x
On $1.81 EPS (TTM)
What Movado Group Inc does
No business description yet.
- Legal name
- MOVADO GROUP INC
- Fiscal year ends
- January 31, 2026
- Latest annual report
- 10-K · Mar 19, 2026
- Accession · CIK
- 0001193125-26-115298
0000072573
Revenue and margins
Movado Group Inc had $671M of revenue in fiscal 2026, up 2.7% on the year before.
FY17
Revenue $553M
FY18
Revenue $568M
FY19
Revenue $680M
FY20
Revenue $701M
FY21
Revenue $506M
FY22
Revenue $732M
FY23
Revenue $744M
FY24
Revenue $664M
FY25
Revenue $653M
FY26
Revenue $671M
Q3 '24
Revenue $184M
Q4 '24
Revenue $176M
Q1 '25
Revenue $134M
Q2 '25
Revenue $157M
Q3 '25
Revenue $181M
Q4 '25
Revenue $181M
Q1 '26
Revenue $132M
Q2 '26
Revenue $162M
Q3 '26
Revenue $186M
Q4 '26
Revenue $192M
Q1 '27
Revenue $142M
Q2 '27
Revenue $170M
FY17
Gross 53.3%
Operating 9.8%
Net 6.3%
FCF 9.4%
FY18
Gross 52.5%
Operating 7.6%
Net −2.7%
FCF 8.6%
FY19
Gross 54.4%
Operating 9.2%
Net 9.1%
FCF 11.1%
FY20
Gross 53.5%
Operating 6.1%
Net 6.1%
FCF 2.8%
FY21
Gross 53.4%
Operating −28.1%
Net −22.0%
FCF 12.9%
FY22
Gross 57.2%
Operating 16.0%
Net 12.5%
FCF 17.1%
FY23
Gross 57.7%
Operating 15.5%
Net 12.1%
FCF 6.3%
FY24
Gross 54.8%
Operating 7.3%
Net 6.2%
FCF 10.3%
FY25
Gross 54.0%
Operating 3.1%
Net 2.8%
FCF −1.4%
FY26
Gross 54.2%
Operating 4.4%
Net 4.0%
FCF 8.0%
Gross
Operating
Net
FCF
Q3 '24
Gross 54.2%
Operating 9.9%
Net 8.3%
FCF −2.1%
Q4 '24
Gross 53.5%
Operating 6.1%
Net 5.6%
FCF 38.6%
Q1 '25
Gross 54.3%
Operating 1.6%
Net 1.5%
FCF −14.7%
Q2 '25
Gross 54.3%
Operating 1.7%
Net 2.2%
FCF −12.8%
Q3 '25
Gross 53.5%
Operating 3.3%
Net 2.7%
FCF −4.0%
Q4 '25
Gross 54.2%
Operating 5.1%
Net 4.4%
FCF 20.7%
Q1 '26
Gross 54.1%
Operating 0.2%
Net 1.1%
FCF −6.6%
Q2 '26
Gross 54.1%
Operating 2.5%
Net 1.8%
FCF −3.1%
Q3 '26
Gross 54.3%
Operating 6.3%
Net 5.1%
FCF 6.2%
Q4 '26
Gross 54.1%
Operating 7.2%
Net 6.6%
FCF 29.1%
Q1 '27
Gross 57.3%
Operating 4.9%
Net 4.9%
FCF 4.1%
Q2 '27
Gross 59.4%
Operating 8.8%
Net 7.2%
FCF −0.9%
Gross
Operating
Net
FCF
Net income and earnings per share
From fiscal 2017 to 2026, diluted EPS grew −2.8% a year. Loss periods are shown in red.
FY17
Net income $35.1M
FY18
Net income −$15.2M
FY19
Net income $61.6M
FY20
Net income $42.7M
FY21
Net income −$112M
FY22
Net income $91.6M
FY23
Net income $90.4M
FY24
Net income $41.3M
FY25
Net income $18.4M
FY26
Net income $26.6M
Q3 '24
Net income $15.2M
Q4 '24
Net income $9.8M
Q1 '25
Net income $2.0M
Q2 '25
Net income $3.5M
Q3 '25
Net income $4.8M
Q4 '25
Net income $8.1M
Q1 '26
Net income $1.4M
Q2 '26
Net income $3.0M
Q3 '26
Net income $9.6M
Q4 '26
Net income $12.6M
Q1 '27
Net income $6.9M
Q2 '27
Net income $12.3M
FY17
Diluted EPS $1.51
FY18
Diluted EPS −$0.66
FY19
Diluted EPS $2.61
FY20
Diluted EPS $1.83
FY21
Diluted EPS −$4.80
FY22
Diluted EPS $3.87
FY23
Diluted EPS $3.94
FY24
Diluted EPS $1.83
FY25
Diluted EPS $0.81
FY26
Diluted EPS $1.17
Q3 '24
Diluted EPS $0.67
Q4 '24
Diluted EPS $0.43
Q1 '25
Diluted EPS $0.09
Q2 '25
Diluted EPS $0.15
Q3 '25
Diluted EPS $0.21
Q4 '25
Diluted EPS $0.36
Q1 '26
Diluted EPS $0.06
Q2 '26
Diluted EPS $0.13
Q3 '26
Diluted EPS $0.42
Q4 '26
Diluted EPS $0.56
Q1 '27
Diluted EPS $0.30
Q2 '27
Diluted EPS $0.53
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY17
Return on capital —
Return on equity 7.4%
Return on assets 5.8%
FY18
Return on capital —
Return on equity −3.2%
Return on assets −2.4%
FY19
Return on capital —
Return on equity 12.7%
Return on assets 8.8%
FY20
Return on capital —
Return on equity 8.3%
Return on assets 5.3%
FY21
Return on capital —
Return on equity −23.4%
Return on assets −14.2%
FY22
Return on capital —
Return on equity 20.4%
Return on assets 12.4%
FY23
Return on capital —
Return on equity 18.4%
Return on assets 11.7%
FY24
Return on capital —
Return on equity 8.2%
Return on assets 5.4%
FY25
Return on capital —
Return on equity 3.7%
Return on assets 2.5%
FY26
Return on capital —
Return on equity 5.4%
Return on assets 3.6%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was $53.4M in fiscal 2026, 8.0% of revenue. Cash from operations minus capital spending.
FY17
Free cash flow $52.2M
FY18
Free cash flow $48.9M
FY19
Free cash flow $75.5M
FY20
Free cash flow $19.4M
FY21
Free cash flow $65.4M
FY22
Free cash flow $125M
FY23
Free cash flow $47.3M
FY24
Free cash flow $68.6M
FY25
Free cash flow −$9.5M
FY26
Free cash flow $53.4M
Q3 '24
Free cash flow −$3.9M
Q4 '24
Free cash flow $67.8M
Q1 '25
Free cash flow −$19.7M
Q2 '25
Free cash flow −$20.1M
Q3 '25
Free cash flow −$7.2M
Q4 '25
Free cash flow $37.5M
Q1 '26
Free cash flow −$8.7M
Q2 '26
Free cash flow −$5.1M
Q3 '26
Free cash flow $11.6M
Q4 '26
Free cash flow $55.7M
Q1 '27
Free cash flow $5.8M
Q2 '27
Free cash flow −$1.6M
FY17
Cash from operations $58.2M
Capital spending $5.9M
FY18
Cash from operations $54.7M
Capital spending $5.8M
FY19
Cash from operations $86.2M
Capital spending $10.6M
FY20
Cash from operations $32.1M
Capital spending $12.7M
FY21
Cash from operations $68.4M
Capital spending $3.0M
FY22
Cash from operations $131M
Capital spending $5.7M
FY23
Cash from operations $54.3M
Capital spending $7.1M
FY24
Cash from operations $76.8M
Capital spending $8.2M
FY25
Cash from operations −$1.5M
Capital spending $8.0M
FY26
Cash from operations $57.9M
Capital spending $4.5M
Cash from operations
Capital spending
Q3 '24
Cash from operations −$1.9M
Capital spending $2.0M
Q4 '24
Cash from operations $69.4M
Capital spending $1.6M
Q1 '25
Cash from operations −$18.1M
Capital spending $1.6M
Q2 '25
Cash from operations −$17.8M
Capital spending $2.3M
Q3 '25
Cash from operations −$4.7M
Capital spending $2.5M
Q4 '25
Cash from operations $39.1M
Capital spending $1.6M
Q1 '26
Cash from operations −$7.2M
Capital spending $1.5M
Q2 '26
Cash from operations −$3.8M
Capital spending $1.3M
Q3 '26
Cash from operations $12.3M
Capital spending $0.7M
Q4 '26
Cash from operations $56.7M
Capital spending $1.0M
Q1 '27
Cash from operations $7.0M
Capital spending $1.2M
Q2 '27
Cash from operations −$0.4M
Capital spending $1.2M
Cash from operations
Capital spending
Dividends, buybacks and share count
Movado Group Inc returned $35.0M to shareholders in fiscal 2026, 65% of free cash flow. The diluted share count rose 0.0%.
FY17
Dividends $11.9M
Buybacks $3.9M
FY18
Dividends $11.9M
Buybacks $3.6M
FY19
Dividends $18.5M
Buybacks $7.4M
FY20
Dividends $18.4M
Buybacks $4.2M
FY21
Dividends $0.0M
Buybacks $0.0M
FY22
Dividends $22.0M
Buybacks $22.6M
FY23
Dividends $31.4M
Buybacks $31.4M
FY24
Dividends $53.1M
Buybacks $3.1M
FY25
Dividends $31.1M
Buybacks $2.6M
FY26
Dividends $31.1M
Buybacks $3.9M
Dividends
Buybacks
Q3 '24
Dividends $7.7M
Buybacks $1.9M
Q4 '24
Dividends $7.7M
Buybacks $0.8M
Q1 '25
Dividends $7.8M
Buybacks $1.1M
Q2 '25
Dividends $7.8M
Buybacks $0.0M
Q3 '25
Dividends $7.8M
Buybacks $1.5M
Q4 '25
Dividends $7.8M
Buybacks $0.0M
Q1 '26
Dividends $0.0M
Buybacks $0.0M
Q2 '26
Dividends $15.6M
Buybacks $1.6M
Q3 '26
Dividends $7.7M
Buybacks $0.0M
Q4 '26
Dividends $7.7M
Buybacks $2.3M
Q1 '27
Dividends $7.7M
Buybacks $1.5M
Q2 '27
Dividends $8.9M
Buybacks $0.0M
Dividends
Buybacks
FY17
Diluted shares 0.02B
FY18
Diluted shares 0.02B
FY19
Diluted shares 0.02B
FY20
Diluted shares 0.02B
FY21
Diluted shares 0.02B
FY22
Diluted shares 0.02B
FY23
Diluted shares 0.02B
FY24
Diluted shares 0.02B
FY25
Diluted shares 0.02B
FY26
Diluted shares 0.02B
Balance sheet
Cash, debt and the ratios that show how comfortably Movado Group Inc can carry it.
FY17
Cash $256M
Debt —
FY18
Cash $215M
Debt —
FY19
Cash $190M
Debt —
FY20
Cash $186M
Debt —
FY21
Cash $224M
Debt —
FY22
Cash $277M
Debt —
FY23
Cash $252M
Debt —
FY24
Cash $262M
Debt —
FY25
Cash $209M
Debt —
FY26
Cash $231M
Debt —
Cash
Debt
| Fiscal year end | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash and short-term investments | $277M | $252M | $262M | $209M | $231M |
| Interest coverage | 170.8x | 223.1x | 97.5x | 40.9x | 58.8x |
| Current ratio | 3.7x | 4.0x | 4.8x | 4.3x | 4.6x |
| Quick ratio | 2.6x | 2.7x | 3.4x | 2.9x | 3.2x |
| Total assets | $761M | $788M | $756M | $729M | $743M |
| Total liabilities | $284M | $277M | $248M | $246M | $232M |
| Shareholders' equity | $473M | $508M | $506M | $481M | $509M |
| Net debt (− = net cash) | — | — | — | — | — |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. “Plan” marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | ✓ | ✕ | ✓ | ✓ | ✕ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Cash from operations is positive | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✕ | ✓ |
| Return on assets rose | — | ✕ | ✓ | ✕ | ✕ | ✓ | ✕ | ✕ | ✕ | ✓ |
| Cash from operations exceeds net income | ✓ | ✓ | ✓ | ✕ | ✓ | ✓ | ✕ | ✓ | ✕ | ✓ |
| Debt fell relative to assets | — | — | — | — | — | — | — | — | — | — |
| Current ratio rose | — | ✕ | ✕ | ✓ | ✕ | ✕ | ✓ | ✓ | ✕ | ✓ |
| Share count didn't rise | — | ✓ | ✕ | ✓ | ✓ | ✕ | ✓ | ✓ | ✓ | ✕ |
| Gross margin rose | — | ✕ | ✓ | ✕ | ✕ | ✓ | ✓ | ✕ | ✕ | ✓ |
| Revenue rose relative to assets | — | ✕ | ✓ | ✕ | ✕ | ✓ | ✕ | ✕ | ✓ | ✓ |
| F-score | — / 3 | 3 / 8 | 6 / 8 | 4 / 8 | 3 / 8 | 6 / 8 | 5 / 8 | 5 / 8 | 3 / 8 | 7 / 8 |
| Accruals ratio | −3.8% | −11.2% | −3.5% | 1.3% | −23.0% | −5.3% | 4.7% | −4.6% | 2.7% | −4.3% |
| Altman Z'' | 11.22 | 9.11 | 7.48 | 6.59 | 5.17 | 8.02 | 8.42 | 8.19 | 7.63 | 8.08 |
10 years of figures
Amounts in USD. Hover a ratio’s name for its definition.
| Fiscal year | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $553M | $568M | $680M | $701M | $506M | $732M | $744M | $664M | $653M | $671M |
| Gross profit | $295M | $298M | $369M | $375M | $270M | $419M | $429M | $364M | $353M | $364M |
| Operating income | $54.0M | $43.2M | $62.2M | $43.0M | −$142M | $117M | $116M | $48.5M | $20.0M | $29.8M |
| Interest expense | $1.5M | $1.5M | $0.8M | $0.9M | $2.0M | $0.7M | $0.5M | $0.5M | $0.5M | $0.5M |
| Pretax income | $51.5M | $42.1M | $61.7M | $57.5M | −$142M | $117M | $117M | $54.0M | $26.7M | $34.4M |
| Income tax | $16.3M | $57.4M | $0.2M | $15.1M | −$31.2M | $24.8M | $24.3M | $11.8M | $7.4M | $7.5M |
| Net income | $35.1M | −$15.2M | $61.6M | $42.7M | −$112M | $91.6M | $90.4M | $41.3M | $18.4M | $26.6M |
| Diluted EPS | $1.51 | −$0.66 | $2.61 | $1.83 | −$4.80 | $3.87 | $3.94 | $1.83 | $0.81 | $1.17 |
| Diluted shares | 0.02B | 0.02B | 0.02B | 0.02B | 0.02B | 0.02B | 0.02B | 0.02B | 0.02B | 0.02B |
| Cash flow | ||||||||||
| Cash from operations | $58.2M | $54.7M | $86.2M | $32.1M | $68.4M | $131M | $54.3M | $76.8M | −$1.5M | $57.9M |
| Capital expenditure | $5.9M | $5.8M | $10.6M | $12.7M | $3.0M | $5.7M | $7.1M | $8.2M | $8.0M | $4.5M |
| Free cash flow | $52.2M | $48.9M | $75.5M | $19.4M | $65.4M | $125M | $47.3M | $68.6M | −$9.5M | $53.4M |
| Depreciation and 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 | $6.0M | $6.4M | $5.1M | $5.0M | $5.7M | $7.4M | $4.1M | $5.2M |
| Acquisitions | — | $79.0M | $97.9M | $0.6M | — | — | — | — | — | — |
| Share buybacks | $3.9M | $3.6M | $7.4M | $4.2M | $0.0M | $22.6M | $31.4M | $3.1M | $2.6M | $3.9M |
| Dividends paid | $11.9M | $11.9M | $18.5M | $18.4M | $0.0M | $22.0M | $31.4M | $53.1M | $31.1M | $31.1M |
| Dividends and buybacks | $15.8M | $15.6M | $25.9M | $22.6M | $0.0M | $44.6M | $62.8M | $56.3M | $33.7M | $35.0M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $256M | $215M | $190M | $186M | $224M | $277M | $252M | $262M | $209M | $231M |
| Finance lease liabilities | — | — | — | $0.3M | $0.2M | $0.0M | — | — | — | — |
| Current assets | $505M | $482M | $468M | $465M | $502M | $554M | $567M | $531M | $490M | $517M |
| Current liabilities | $71.4M | $100M | $113M | $109M | $128M | $151M | $142M | $111M | $113M | $113M |
| Inventory | $153M | $152M | $165M | $171M | $153M | $160M | $186M | $154M | $157M | $158M |
| Property and equipment, net | $34.2M | $24.7M | $26.1M | $29.2M | $22.3M | $19.5M | $18.7M | $19.4M | $19.9M | $17.1M |
| Goodwill | $0.0M | $60.3M | $136M | $136M | $0.0M | $0.0M | — | — | — | — |
| Intangible assets | $1.6M | $23.1M | $48.2M | $42.4M | $17.1M | $13.5M | $9.6M | $7.5M | $5.5M | $4.2M |
| Total assets | $608M | $645M | $760M | $847M | $719M | $761M | $788M | $756M | $729M | $743M |
| Total liabilities | $134M | $175M | $259M | $317M | $289M | $284M | $277M | $248M | $246M | $232M |
| Preferred stock | — | — | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Shareholders' equity | $474M | $470M | $497M | $527M | $425M | $473M | $508M | $506M | $481M | $509M |
| Margins | ||||||||||
| Gross margin | 53.3% | 52.5% | 54.4% | 53.5% | 53.4% | 57.2% | 57.7% | 54.8% | 54.0% | 54.2% |
| Operating margin | 9.8% | 7.6% | 9.2% | 6.1% | −28.1% | 16.0% | 15.5% | 7.3% | 3.1% | 4.4% |
| EBITDA margin | 11.8% | 10.0% | 11.2% | 8.5% | −25.3% | 17.7% | 17.0% | 8.7% | 4.5% | 5.8% |
| Net margin | 6.3% | −2.7% | 9.1% | 6.1% | −22.0% | 12.5% | 12.1% | 6.2% | 2.8% | 4.0% |
| FCF margin | 9.4% | 8.6% | 11.1% | 2.8% | 12.9% | 17.1% | 6.3% | 10.3% | −1.4% | 8.0% |
| Returns | ||||||||||
| Return on capital employed | 10.1% | 7.9% | 9.6% | 5.8% | −24.0% | 19.3% | 17.9% | 7.5% | 3.2% | 4.7% |
| Return on equity | 7.4% | −3.2% | 12.7% | 8.3% | −23.4% | 20.4% | 18.4% | 8.2% | 3.7% | 5.4% |
| Return on assets | 5.8% | −2.4% | 8.8% | 5.3% | −14.2% | 12.4% | 11.7% | 5.4% | 2.5% | 3.6% |
| Return on tangible equity | 7.4% | −3.9% | 19.7% | 12.3% | −27.3% | 19.9% | 18.2% | 8.3% | 3.9% | 5.3% |
| Growth | ||||||||||
| Revenue growth | — | 2.8% | 19.7% | 3.1% | −27.8% | 44.6% | 1.6% | −10.7% | −1.7% | 2.7% |
| Net income growth | — | −143.4% | — | −30.7% | −361.2% | — | −1.3% | −54.3% | −55.6% | 44.6% |
| EPS growth | — | −143.7% | — | −29.9% | −362.3% | — | 1.8% | −53.6% | −55.7% | 44.4% |
| FCF growth | — | −6.4% | 54.4% | −74.4% | 237.8% | 91.4% | −62.2% | 45.1% | −113.8% | — |
| Share count change | — | −0.8% | 2.3% | −1.3% | −0.2% | 1.9% | −3.1% | −1.4% | −0.2% | 0.0% |
| Financial health | ||||||||||
| Interest coverage | 36.9x | 28.6x | 80.7x | 46.2x | −72.6x | 170.8x | 223.1x | 97.5x | 40.9x | 58.8x |
| Current ratio | 7.1x | 4.8x | 4.2x | 4.3x | 3.9x | 3.7x | 4.0x | 4.8x | 4.3x | 4.6x |
| Quick ratio | 4.9x | 3.3x | 2.7x | 2.7x | 2.7x | 2.6x | 2.7x | 3.4x | 2.9x | 3.2x |
| Capital allocation | ||||||||||
| Capex / revenue | 1.1% | 1.0% | 1.6% | 1.8% | 0.6% | 0.8% | 1.0% | 1.2% | 1.2% | 0.7% |
| Stock comp / revenue | 1.3% | 0.9% | 0.9% | 0.9% | 1.0% | 0.7% | 0.8% | 1.1% | 0.6% | 0.8% |
| Payouts / FCF | 30.2% | 31.8% | 34.3% | 116.7% | 0.0% | 35.6% | 132.8% | 82.1% | — | 65.4% |
| Quality scores | ||||||||||
| Piotroski F-score | — | 3.0 | 6.0 | 4.0 | 3.0 | 6.0 | 5.0 | 5.0 | 3.0 | 7.0 |
| Altman Z'' | 11.2 | 9.1 | 7.5 | 6.6 | 5.2 | 8.0 | 8.4 | 8.2 | 7.6 | 8.1 |
| Accruals ratio | −3.8% | −11.2% | −3.5% | 1.3% | −23.0% | −5.3% | 4.7% | −4.6% | 2.7% | −4.3% |
Source: SEC EDGAR XBRL filings (CIK 0000072573). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.