Movado Group, Inc. (MOV) 10-Year Financial Performance & Capital Metrics

MOV • • Industrial / General

Consumer CyclicalLuxury GoodsLuxury Watches & TimepiecesMulti-Brand Watch Companies

AboutMovado Group, Inc. designs, sources, markets, and distributes watches worldwide. The company operates in two segments, Watch and Accessory Brands, and Company Stores. It offers its watches under the Movado, Concord, Ebel, Olivia Burton, and MVMT brands, as well as licensed brands, such as Coach, Tommy Hilfiger, HUGO BOSS, Lacoste, Calvin Klein, and Scuderia Ferrari. The company also provides after-sales and shipping services. Its customers include jewelry store chains, department stores, independent regional jewelers, network of independent distributors, online marketplaces, licensors' retail stores, and third-party e-commerce retailers. The company also sells directly to consumers through its e-commerce platforms. As of January 31, 2022, it operated 51 retail outlet locations. The company was formerly known as North American Watch Corporation and changed its name to Movado Group, Inc. in 1996. Movado Group, Inc. was founded in 1961 and is based in Paramus, New Jersey.Show more

Revenue $653M -2.9%
EBITDA $29M -54.4%
Net Income $18M -60.7%
EPS (Diluted) 0.81 -60.7%
Gross Margin 54.05% -1.9%
EBITDA Margin 4.49% -53.1%
Operating Margin 3.06% -62.3%
Net Margin 2.81% -59.5%
ROE 3.66% -59.6%
ROIC 4.18% -64.5%
Debt/Equity 0.20 +10.4%
Interest Coverage 40.93 -62.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 82 (top 18%)
✓Trading near 52-week high
✓Trading at only 1.1x book value

✗Weaknesses

✗Profits declining 15.5% over 5 years
✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Dividend payout exceeds 100% of earnings

Price & Volume

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Growth Metrics

Revenue CAGR

10Y1.08%

5Y-1.4%

3Y-3.73%

TTM-0.6%

Profit (Net Income) CAGR

10Y-9.85%

5Y-15.53%

3Y-41.47%

TTM-12.76%

EPS CAGR

10Y-8.73%

5Y-15.04%

3Y-40.63%

TTM-6.73%

ROCE

10Y Avg10.11%

5Y Avg10.49%

3Y Avg10.24%

Latest3.15%

Peer Comparison

Multi-Brand Watch Companies

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
MOVMovado Group, Inc.	354.73M	22.62	27.93	-2.86%	3.17%	4.13%		0.20
FOSLFossil Group, Inc.	216.53M	3.84	-1.98	-18.93%	-5.49%	-44.4%	18.44%	2.31

Profit & Loss

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Sales/Revenue+	594.92M	552.75M	567.95M	679.57M	700.97M	506.4M	732.39M	751.9M	672.6M	653.38M
Revenue Growth %	0.01%	-0.07%	0.03%	0.2%	0.03%	-0.28%	0.45%	0.03%	-0.11%	-0.03%
Cost of Goods Sold+	277.99M	257.94M	269.88M	310.21M	326.08M	235.9M	313.33M	318M	302.21M	300.24M
COGS % of Revenue	0.47%	0.47%	0.48%	0.46%	0.47%	0.47%	0.43%	0.42%	0.45%	0.46%
Gross Profit+	316.93M	294.82M	298.08M	369.36M	374.89M	270.5M	419.06M	433.89M	370.39M	353.14M
Gross Margin %	0.53%	0.53%	0.52%	0.54%	0.53%	0.53%	0.57%	0.58%	0.55%	0.54%
Gross Profit Growth %	0.02%	-0.07%	0.01%	0.24%	0.01%	-0.28%	0.55%	0.04%	-0.15%	-0.05%
Operating Expenses+	246.82M	240.84M	254.88M	307.16M	331.9M	256.71M	301.57M	313.54M	315.69M	333.13M
OpEx % of Revenue	0.41%	0.44%	0.45%	0.45%	0.47%	0.51%	0.41%	0.42%	0.47%	0.51%
Selling, General & Admin	243.42M	239.04M	242.59M	293.66M	331.9M	256.71M	301.57M	313.54M	315.69M	333.13M
SG&A % of Revenue	0.41%	0.43%	0.43%	0.43%	0.47%	0.51%	0.41%	0.42%	0.47%	0.51%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	-2.85M	0	86K	342K	530K	2.07M	0	0
Operating Income+	70.11M	53.98M	43.2M	62.2M	42.99M	14.18M	117.49M	120.35M	54.7M	20.02M
Operating Margin %	0.12%	0.1%	0.08%	0.09%	0.06%	0.03%	0.16%	0.16%	0.08%	0.03%
Operating Income Growth %	-0.02%	-0.23%	-0.2%	0.44%	-0.31%	-0.67%	7.29%	0.02%	-0.55%	-0.63%
EBITDA+	83.26M	65.49M	56.66M	76.36M	59.37M	28.29M	129.95M	131.16M	64.35M	29.33M
EBITDA Margin %	0.14%	0.12%	0.1%	0.11%	0.08%	0.06%	0.18%	0.17%	0.1%	0.04%
EBITDA Growth %	-0.01%	-0.21%	-0.13%	0.35%	-0.22%	-0.52%	3.59%	0.01%	-0.51%	-0.54%
D&A (Non-Cash Add-back)	13.16M	11.51M	13.46M	14.16M	16.38M	14.11M	12.46M	10.81M	9.64M	9.31M
EBIT	70.23M	52.92M	43.65M	62.5M	58.43M	-140.42M	118.02M	122.42M	60.7M	27.14M
Net Interest Income+	-982K	-1.25M	-1.06M	-464K	-844K	-1.91M	-688K	-518K	-497K	-489K
Interest Income	127K	219K	452K	307K	86K	45K	0	0	0	0
Interest Expense	1.11M	1.46M	1.51M	771K	930K	1.96M	688K	518K	497K	489K
Other Income/Expense	-982K	-2.53M	-1.06M	-464K	14.51M	-255K	-158K	1.55M	5.5M	6.64M
Pretax Income+	69.13M	51.45M	42.14M	61.73M	57.5M	-142.38M	117.33M	121.91M	60.2M	26.65M
Pretax Margin %	0.12%	0.09%	0.07%	0.09%	0.08%	-0.28%	0.16%	0.16%	0.09%	0.04%
Income Tax+	23.36M	16.32M	57.37M	162K	15.12M	-31.19M	24.77M	24.88M	12.66M	7.44M
Effective Tax Rate %	0.65%	0.68%	-0.36%	1%	0.74%	0.78%	0.78%	0.78%	0.78%	0.69%
Net Income+	45.09M	35.06M	-15.22M	61.62M	42.7M	-111.19M	91.6M	94.53M	46.71M	18.36M
Net Margin %	0.08%	0.06%	-0.03%	0.09%	0.06%	-0.22%	0.13%	0.13%	0.07%	0.03%
Net Income Growth %	-0.13%	-0.22%	-1.43%	5.05%	-0.31%	-3.6%	1.82%	0.03%	-0.51%	-0.61%
Net Income (Continuing)	45.77M	35.14M	-15.22M	61.57M	42.38M	-111.19M	92.56M	97.02M	47.54M	19.21M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	595K	0	0	3.72M	3.87M	4.67M	4.28M	2.94M	2.16M	2.25M
EPS (Diluted)+	1.90	1.51	-0.66	2.61	1.83	-4.78	3.87	4.12	2.06	0.81
EPS Growth %	-0.06%	-0.21%	-1.44%	4.95%	-0.3%	-3.61%	1.81%	0.06%	-0.5%	-0.61%
EPS (Basic)	1.90	1.51	-0.66	2.68	1.85	-4.78	3.95	4.20	2.10	0.83
Diluted Shares Outstanding	23.77M	23.27M	23.07M	23.6M	23.3M	23.24M	23.68M	22.95M	22.64M	22.6M
Basic Shares Outstanding	23.73M	23.22M	23.07M	23.02M	23.12M	23.24M	23.19M	22.5M	22.22M	22.27M
Dividend Payout Ratio	0.23%	0.34%	-	0.3%	0.43%	-	0.24%	0.33%	1.14%	1.69%

Balance Sheet

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Total Current Assets+	489.04M	504.78M	481.6M	468.15M	464.55M	501.65M	553.88M	567.19M	543.88M	489.94M
Cash & Short-Term Investments	228.19M	256.28M	214.81M	189.91M	185.87M	223.81M	277.13M	251.58M	262.46M	208.5M
Cash Only	228.19M	256.28M	214.81M	189.91M	185.87M	223.81M	277.13M	251.58M	262.06M	208.5M
Short-Term Investments	0	0	0	0	0	0	0	0	401K	0
Accounts Receivable	71.03M	66.85M	83.1M	84.03M	78.39M	101.78M	99.5M	105.19M	115.83M	102.92M
Days Sales Outstanding	43.58	44.14	53.4	45.13	40.82	73.36	49.59	51.06	62.86	57.49
Inventory	162.47M	153.17M	151.68M	165.31M	171.41M	152.58M	160.28M	186.2M	148.03M	156.74M
Days Inventory Outstanding	213.31	216.74	205.14	194.51	191.87	236.08	186.72	213.72	178.79	190.55
Other Current Assets	27.35M	28.49M	32.02M	28.9M	28.89M	23.48M	16.97M	24.21M	17.56M	21.79M
Total Non-Current Assets+	96.14M	103.02M	163.78M	291.56M	382.75M	217.61M	207.28M	220.52M	225.2M	239.29M
Property, Plant & Equipment	38.55M	34.17M	24.67M	26.07M	118.76M	98.42M	88.07M	99.6M	102.1M	105.93M
Fixed Asset Turnover	15.43x	16.18x	23.02x	26.07x	5.90x	5.15x	8.32x	7.55x	6.59x	6.17x
Goodwill	0	0	60.27M	136.03M	136.37M	0	0	0	0	0
Intangible Assets	0	1.63M	23.12M	48.18M	42.36M	17.08M	13.51M	9.64M	7.49M	5.54M
Long-Term Investments	0	-1.63M	0	548K	566K	612K	588K	595K	755K	0
Other Non-Current Assets	37.26M	44.01M	49.27M	56.22M	59.3M	58.99M	62.52M	66.19M	71.84M	86.49M
Total Assets+	585.17M	607.8M	645.38M	759.7M	847.31M	719.26M	761.16M	787.71M	769.08M	729.23M
Asset Turnover	1.02x	0.91x	0.88x	0.89x	0.83x	0.70x	0.96x	0.95x	0.87x	0.90x
Asset Growth %	0%	0.04%	0.06%	0.18%	0.12%	-0.15%	0.06%	0.03%	-0.02%	-0.05%
Total Current Liabilities+	78.18M	71.4M	100.3M	112.68M	109.3M	127.67M	151.47M	142.42M	113.08M	112.96M
Accounts Payable	27.31M	27.19M	24.36M	38.65M	35.49M	28.19M	46.01M	32.09M	32.77M	34.31M
Days Payables Outstanding	35.85	38.48	32.95	45.48	39.72	43.61	53.6	36.83	39.59	41.71
Short-Term Debt	5M	5M	25M	0	0	0	0	17.68M	0	0
Deferred Revenue (Current)	0	0	0	0	0	0	0	1000K	0	0
Other Current Liabilities	0	28.24M	32.81M	44.43M	44.21M	51.12M	48.52M	29.04M	38.7M	50.45M
Current Ratio	6.26x	7.07x	4.80x	4.15x	4.25x	3.93x	3.66x	3.98x	4.81x	4.34x
Quick Ratio	4.18x	4.92x	3.29x	2.69x	2.68x	2.73x	2.60x	2.68x	3.50x	2.95x
Cash Conversion Cycle	221.04	222.41	225.59	194.16	192.96	265.83	182.7	227.96	202.06	206.33
Total Non-Current Liabilities+	65.84M	62.41M	74.75M	146.64M	207.6M	161.65M	132.61M	134.74M	137.05M	132.69M
Long-Term Debt	35M	25M	0	50.28M	51.91M	21.23M	62.73M	70.91M	0	0
Capital Lease Obligations	0	0	0	0	81.88M	68.41M	62.73M	70.91M	76.4M	75.51M
Deferred Tax Liabilities	2.64M	3.32M	33.06M	29.24M	25.42M	21.89M	19.61M	15.16M	8.23M	0
Other Non-Current Liabilities	28.2M	34.09M	41.69M	67.12M	48.39M	50.12M	-12.47M	-22.24M	52.42M	56.18M
Total Liabilities	144.02M	133.81M	175.04M	259.32M	316.9M	289.32M	284.07M	277.16M	250.13M	245.65M
Total Debt+	40M	30M	25M	50.28M	148.87M	105.5M	76.42M	88.59M	92.09M	94.77M
Net Debt	-188.19M	-226.28M	-189.81M	-139.63M	-37M	-118.31M	-200.71M	-162.99M	-169.97M	-113.73M
Debt / Equity	0.09x	0.06x	0.05x	0.10x	0.28x	0.25x	0.16x	0.17x	0.18x	0.20x
Debt / EBITDA	0.48x	0.46x	0.44x	0.66x	2.51x	3.73x	0.59x	0.68x	1.43x	3.23x
Net Debt / EBITDA	-2.26x	-3.46x	-3.35x	-1.83x	-0.62x	-4.18x	-1.54x	-1.24x	-2.64x	-3.88x
Interest Coverage	63.22x	36.87x	28.61x	80.67x	46.23x	7.24x	170.77x	232.34x	110.07x	40.93x
Total Equity+	441.15M	473.99M	470.33M	500.38M	530.41M	429.93M	477.09M	510.54M	518.96M	483.58M
Equity Growth %	-0.09%	0.07%	-0.01%	0.06%	0.06%	-0.19%	0.11%	0.07%	0.02%	-0.07%
Book Value per Share	18.56	20.37	20.38	21.20	22.77	18.50	20.15	22.24	22.92	21.39
Total Shareholders' Equity	440.55M	473.99M	470.33M	496.65M	526.54M	425.26M	472.81M	507.61M	516.8M	481.33M
Common Stock	336K	338K	339K	342K	344K	346K	351K	353K	354K	356K
Retained Earnings	392.79M	415.92M	388.74M	431.18M	455.48M	341.64M	413.59M	476.75M	470.32M	446.7M
Treasury Stock	-199.19M	-204.4M	-208.89M	-217.19M	-222.81M	-223.31M	-249.04M	-281.58M	-285.27M	0
Accumulated OCI	68.5M	76.78M	100.34M	80.51M	85.05M	92.54M	85.3M	81.3M	92.33M	79.98M
Minority Interest	595K	0	0	3.72M	3.87M	4.67M	4.28M	2.94M	2.16M	2.25M

Cash Flow

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Cash from Operations+	74.59M	58.42M	54.72M	86.17M	32.07M	68.41M	130.81M	54.34M	76.78M	-1.5M
Operating CF Margin %	0.13%	0.11%	0.1%	0.13%	0.05%	0.14%	0.18%	0.07%	0.11%	-0%
Operating CF Growth %	0.25%	-0.22%	-0.06%	0.57%	-0.63%	1.13%	0.91%	-0.58%	0.41%	-1.02%
Net Income	45.77M	35.14M	-15.22M	61.62M	42.7M	-111.52M	92.56M	97.02M	46.71M	19.21M
Depreciation & Amortization	13.16M	11.51M	13.46M	14.16M	16.38M	14.11M	12.46M	10.81M	9.64M	9.31M
Stock-Based Compensation	6.12M	7.28M	4.87M	6.04M	6.37M	5.09M	4.95M	5.73M	7.44M	0
Deferred Taxes	-1.82M	-3.75M	45M	-7.49M	4.35M	-18.29M	-208K	-712K	319K	0
Other Non-Cash Items	5.06M	6.34M	16.83M	-6.37M	-10.46M	161.72M	3.62M	4.53M	7.99M	9.55M
Working Capital Changes	6.31M	1.9M	-10.21M	18.2M	-27.27M	17.3M	17.43M	-63.03M	4.67M	-39.57M
Change in Receivables	-354K	2.88M	-9.29M	-2.64M	5.91M	2.42M	-18.55M	-3.44M	4.09M	0
Change in Inventory	-3.13M	7.44M	6.62M	-4.23M	-5.55M	21.6M	-15.44M	-28.9M	37.65M	0
Change in Payables	774K	-401K	-4.01M	6.08M	-3.64M	-7.81M	18.27M	-13.74M	1.54M	0
Cash from Investing+	-9.15M	-7.56M	-84.34M	-109.01M	-13.37M	-1.86M	-7.91M	-10.55M	-11.47M	-13.74M
Capital Expenditures	-8.07M	-6.25M	-6.37M	-11.13M	-12.97M	-3.18M	-5.95M	-7.29M	-7.08M	-7.97M
CapEx % of Revenue	0.01%	0.01%	0.01%	0.02%	0.02%	0.01%	0.01%	0.01%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-650K	-1.16M	1.02M	-492K	240K	1.32M	-2.26M	-3.46M	-1.28M	-5.78M
Cash from Financing+	-23.72M	-27.68M	-20.89M	3.69M	-23.86M	-34.38M	-66.61M	-65.31M	-57.6M	-35.4M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-10.31M	-11.93M	-11.93M	-18.47M	-18.4M	0	-21.97M	-31.36M	-53.15M	-31.07M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-4.66M	-1.88M	-321K	4.28M	-1.27M	-497K	-902K	-2.54M	-1.33M	-1.71M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	66.52M	52.17M	48.36M	75.04M	19.1M	65.23M	124.87M	47.05M	68.41M	-9.47M
FCF Margin %	0.11%	0.09%	0.09%	0.11%	0.03%	0.13%	0.17%	0.06%	0.1%	-0.01%
FCF Growth %	0.37%	-0.22%	-0.07%	0.55%	-0.75%	2.41%	0.91%	-0.62%	0.45%	-1.14%
FCF per Share	2.80	2.24	2.10	3.18	0.82	2.81	5.27	2.05	3.02	-0.42
FCF Conversion (FCF/Net Income)	1.65x	1.67x	-3.59x	1.40x	0.75x	-0.62x	1.43x	0.57x	1.64x	-0.08x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	9.75%	7.66%	-3.22%	12.7%	8.28%	-23.16%	20.2%	19.14%	9.07%	3.66%
Return on Invested Capital (ROIC)	19.57%	16.17%	12.27%	14.55%	7.55%	2.64%	29.97%	28.93%	11.78%	4.18%
Gross Margin	53.27%	53.34%	52.48%	54.35%	53.48%	53.42%	57.22%	57.71%	55.07%	54.05%
Net Margin	7.58%	6.34%	-2.68%	9.07%	6.09%	-21.96%	12.51%	12.57%	6.94%	2.81%
Debt / Equity	0.09x	0.06x	0.05x	0.10x	0.28x	0.25x	0.16x	0.17x	0.18x	0.20x
Interest Coverage	63.22x	36.87x	28.61x	80.67x	46.23x	7.24x	170.77x	232.34x	110.07x	40.93x
FCF Conversion	1.65x	1.67x	-3.59x	1.40x	0.75x	-0.62x	1.43x	0.57x	1.64x	-0.08x
Revenue Growth	1.35%	-7.09%	2.75%	19.65%	3.15%	-27.76%	44.63%	2.66%	-10.55%	-2.86%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Company Stores	-	-	-	83.69M	-	-	-	-	103.94M	96.99M
Company Stores Growth	-	-	-	-	-	-	-	-	-	-6.68%
Shipping and Handling	-	-	-	-	-	-	1.9M	1.7M	-	-
Shipping and Handling Growth	-	-	-	-	-	-	-	-10.53%	-	-
Shipping And Handling	-	-	-	-	2.5M	1.6M	-	-	-	-
Shipping And Handling Growth	-	-	-	-	-	-36.00%	-	-	-	-
Wholesale	530.01M	484.44M	492.08M	-	-	-	-	-	-	-
Wholesale Growth	-	-8.60%	1.58%	-	-	-	-	-	-	-
Retail	64.91M	68.31M	75.87M	-	-	-	-	-	-	-
Retail Growth	-	5.23%	11.07%	-	-	-	-	-	-	-

Revenue by Geography

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
International	268.72M	256.44M	307.35M	-	-	-	-	-	382.35M	374.85M
International Growth	-	-4.57%	19.85%	-	-	-	-	-	-	-1.96%
UNITED STATES	-	296.31M	260.61M	308.42M	302.43M	214.82M	346.09M	333.91M	290.26M	278.53M
UNITED STATES Growth	-	-	-12.05%	18.35%	-1.94%	-28.97%	61.11%	-3.52%	-13.07%	-4.04%
U S	326.21M	-	-	-	-	-	-	-	-	-
U S Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Movado Group, Inc. (MOV) has a price-to-earnings (P/E) ratio of 27.9x. This suggests investors expect higher future growth.

Growth & Financials

Movado Group, Inc. (MOV) reported $654.4M in revenue for fiscal year 2025. This represents a 40% increase from $468.1M in 2012.

Movado Group, Inc. (MOV) saw revenue decline by 2.9% over the past year.

Yes, Movado Group, Inc. (MOV) is profitable, generating $20.8M in net income for fiscal year 2025 (2.8% net margin).

Dividend & Returns

Yes, Movado Group, Inc. (MOV) pays a dividend with a yield of 6.08%. This makes it attractive for income-focused investors.

Movado Group, Inc. (MOV) has a return on equity (ROE) of 3.7%. This is below average, suggesting room for improvement.

Movado Group, Inc. (MOV) generated $35.3M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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