What is Movado Group's operating income?

Movado Group's total operating income in 2026 was $29.83 million, based on the following breakdown: Total Gross Profit: $363.60 million Total Operating Expenses: $333.77 million

Movado Group (MOV) Financials

$37.64 -0.64 (-1.67%)

Closing price 03:59 PM Eastern

Extended Trading

$37.60 -0.05 (-0.12%)

As of 05:10 PM Eastern

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Annual Income Statements for Movado Group

This table shows Movado Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	1/31/2016	1/31/2017	1/31/2018	1/31/2019	1/31/2020	1/31/2021	1/31/2022	1/31/2023	1/31/2024	1/31/2025	1/31/2026
Net Income / (Loss) Attributable to Common Shareholders	45	35	-15	62	43	-112	92	90	41	18	27
Consolidated Net Income / (Loss)	46	35	-15	62	42	-111	93	93	42	19	27
Net Income / (Loss) Continuing Operations	46	35	-15	62	42	-111	93	93	42	19	27
Total Pre-Tax Income	69	51	42	62	58	-142	117	117	54	27	34
Total Operating Income	70	54	43	62	43	-142	117	116	48	20	30
Total Gross Profit	317	295	298	369	375	270	419	429	364	353	364
Total Revenue	595	553	568	680	701	506	732	744	664	653	671
Operating Revenue	595	553	568	680	701	506	732	744	664	653	671
Total Cost of Revenue	278	258	270	310	326	236	313	315	300	300	308
Operating Cost of Revenue	278	258	270	310	326	236	313	315	300	300	308
Total Operating Expenses	247	241	255	307	332	413	302	314	316	333	334
Selling, General & Admin Expense	247	241	255	307	332	257	302	314	316	333	334
Total Other Income / (Expense), net	-0.98	-2.53	-1.06	-0.46	15	-0.26	-0.16	1.55	5.50	6.64	4.53
Interest Expense	1.11	1.46	1.51	0.77	0.93	1.96	0.69	0.52	0.50	0.49	0.51
Other Income / (Expense), net	-	-1.28	-	0.00	15	1.70	0.53	2.07	5.99	7.13	5.03
Income Tax Expense	23	16	57	0.16	15	-31	25	24	12	7.44	7.49
Net Income / (Loss) Attributable to Noncontrolling Interest	0.67	0.08	0.00	-0.05	-0.32	0.32	0.96	2.50	0.83	0.85	0.32
Basic Earnings per Share	$1.92	$1.52	($0.66)	$2.66	$1.85	($4.80)	$3.95	$4.02	$1.86	$0.82	$1.19
Weighted Average Basic Shares Outstanding	23.53M	23.07M	23.07M	23.20M	23.12M	23.24M	23.19M	22.50M	22.22M	22.27M	22.24M
Diluted Earnings per Share	$1.90	$1.51	($0.66)	$2.61	$1.83	($4.80)	$3.87	$3.94	$1.83	$0.81	$1.17
Weighted Average Diluted Shares Outstanding	23.77M	23.27M	23.07M	23.60M	23.30M	23.24M	23.68M	22.96M	22.64M	22.60M	22.61M
Weighted Average Basic & Diluted Shares Outstanding	23.50M	23.10M	23.10M	23.20M	23.03M	23.22M	22.76M	22.14M	22.13M	22.24M	22.08M
Cash Dividends to Common per Share	$0.44	$0.52	$0.52	$0.80	-	-	-	$1.40	$2.40	$1.40	$1.40

This table shows Movado Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026	Q1 2027
Period end date	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025	7/31/2025	10/31/2025	1/31/2026	4/30/2026
Net Income / (Loss) Attributable to Common Shareholders	17	12	2.02	3.47	4.83	6.70	1.42	2.99	9.58	13	6.93
Consolidated Net Income / (Loss)	18	12	2.14	3.57	5.05	6.85	1.28	3.14	9.66	13	6.93
Net Income / (Loss) Continuing Operations	18	12	2.14	3.57	5.05	6.85	1.28	3.14	9.66	13	6.93
Total Pre-Tax Income	22	15	4.17	4.41	7.41	8.56	1.94	5.10	13	14	8.87
Total Operating Income	21	13	2.12	2.64	6.03	7.12	0.29	4.01	12	14	7.02
Total Gross Profit	102	97	73	85	97	93	71	88	101	104	82
Total Revenue	188	180	134	157	181	175	132	162	186	192	142
Operating Revenue	188	180	134	157	181	175	132	162	186	192	142
Total Cost of Revenue	85	83	61	72	84	82	60	74	85	88	61
Operating Cost of Revenue	85	83	61	72	84	82	60	74	85	88	61
Total Operating Expenses	82	83	71	83	91	86	71	84	89	90	75
Selling, General & Admin Expense	82	83	71	83	91	86	71	84	89	90	75
Total Other Income / (Expense), net	1.50	1.66	2.05	1.77	1.38	1.44	1.65	1.09	1.21	0.57	1.86
Interest Expense	0.14	0.14	0.12	0.11	0.14	0.12	0.11	0.11	0.14	0.15	0.10
Other Income / (Expense), net	1.63	1.80	2.17	1.88	1.52	1.55	1.76	1.20	1.35	0.72	1.96
Income Tax Expense	4.52	2.72	2.03	0.84	2.37	1.71	0.66	1.96	3.28	1.59	1.95
Net Income / (Loss) Attributable to Noncontrolling Interest	0.28	0.26	0.12	0.10	0.22	0.15	-0.14	0.15	0.08	0.23	-0.00
Basic Earnings per Share	$0.78	$0.55	$0.09	$0.16	$0.22	$0.29	$0.06	$0.13	$0.43	$0.57	$0.31
Weighted Average Basic Shares Outstanding	22.21M	22.22M	22.25M	22.30M	22.28M	22.27M	22.27M	22.29M	22.23M	22.24M	22.19M
Diluted Earnings per Share	$0.77	$0.53	$0.09	$0.15	$0.21	$0.30	$0.06	$0.13	$0.42	$0.56	$0.30
Weighted Average Diluted Shares Outstanding	22.68M	22.64M	22.67M	22.66M	22.56M	22.60M	22.50M	22.57M	22.73M	22.61M	22.83M
Weighted Average Basic & Diluted Shares Outstanding	22.08M	22.13M	22.21M	22.22M	22.14M	22.24M	22.24M	22.14M	22.14M	22.08M	22.23M

This table details how cash moves in and out of Movado Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	1/31/2016	1/31/2017	1/31/2018	1/31/2019	1/31/2020	1/31/2021	1/31/2022	1/31/2023	1/31/2024	1/31/2025	1/31/2026
Net Change in Cash & Equivalents	28	23	-51	-19	-4.02	38	53	-26	11	-54	22
Net Cash From Operating Activities	75	58	55	86	32	68	131	54	77	-1.50	58
Net Cash From Continuing Operating Activities	75	58	55	86	32	68	131	54	77	-1.50	58
Net Income / (Loss) Continuing Operations	46	35	-15	62	42	-111	93	93	42	19	27
Consolidated Net Income / (Loss)	46	35	-15	62	42	-111	93	93	42	19	27
Depreciation Expense	13	12	13	14	16	14	12	11	9.64	9.31	9.42
Non-Cash Adjustments To Reconcile Net Income	11	13	21	11	12	166	8.57	10	15	8.72	13
Changes in Operating Assets and Liabilities, net	4.49	-1.85	35	-0.64	-38	-1.00	17	-60	10	-39	9.01
Net Cash From Investing Activities	-9.16	-7.56	-84	-109	-13	-1.87	-7.91	-11	-11	-14	-8.09
Net Cash From Continuing Investing Activities	-9.16	-7.56	-84	-109	-13	-1.87	-7.91	-11	-11	-14	-8.09
Purchase of Property, Plant & Equipment	-8.07	-5.92	-5.81	-11	-13	-3.02	-5.66	-7.09	-8.22	-7.97	-4.51
Acquisitions	-0.65	-0.33	-80	-98	-0.89	-0.16	-0.29	-0.20	-0.14	-0.11	-0.14
Purchase of Investments	-	-0.15	-	-	0.00	0.00	-1.97	-3.26	-3.11	-5.67	-3.44
Net Cash From Financing Activities	-24	-27	-21	3.69	-24	-34	-67	-65	-58	-35	-36
Net Cash From Continuing Financing Activities	-24	-27	-21	3.69	-24	-34	-67	-65	-58	-35	-36
Repayment of Debt	-10	-13	-5.00	-26	0.00	-65	-21	-0.09	0.00	0.00	0.00
Repurchase of Common Equity	-49	-3.86	-3.63	-7.42	-4.20	0.00	-23	-31	-3.12	-2.63	-3.90
Payment of Dividends	-10	-12	-12	-18	-18	0.00	-22	-31	-53	-31	-31
Other Financing Activities, net	-4.29	-1.62	-0.32	4.97	-1.27	-0.50	-0.91	-2.45	-1.33	-1.71	-1.33
Effect of Exchange Rate Changes	-13	-	-	-	1.14	5.82	-2.99	-4.01	2.93	-2.95	8.62

This table details how cash moves in and out of Movado Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026	Q1 2027
Period end date	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025	7/31/2025	10/31/2025	1/31/2026	4/30/2026
Net Change in Cash & Equivalents	-18	61	-37	-27	-17	27	-5.34	-23	3.39	47	-5.29
Net Cash From Operating Activities	-1.86	69	-18	-18	-4.72	39	-7.21	-3.80	12	57	6.96
Net Cash From Continuing Operating Activities	-1.86	69	-18	-18	-4.72	39	-7.21	-3.80	12	57	6.96
Net Income / (Loss) Continuing Operations	18	12	2.14	3.86	5.43	6.85	1.28	3.14	9.66	13	6.93
Consolidated Net Income / (Loss)	18	12	2.14	3.86	5.43	6.85	1.28	3.14	9.66	13	6.93
Depreciation Expense	2.24	2.37	2.29	2.29	2.38	2.35	2.28	2.38	2.38	2.38	2.31
Non-Cash Adjustments To Reconcile Net Income	3.30	4.31	1.70	3.55	4.20	-0.72	3.42	3.42	3.40	2.40	2.62
Changes in Operating Assets and Liabilities, net	-25	50	-24	-28	-17	31	-14	-13	-3.16	39	-4.90
Net Cash From Investing Activities	-2.70	-2.69	-4.80	-3.51	-3.62	-1.82	-2.84	-1.92	-1.54	-1.79	-1.70
Net Cash From Continuing Investing Activities	-2.70	-2.69	-4.80	-3.51	-3.62	-1.82	-2.84	-1.92	-1.54	-1.79	-1.70
Purchase of Property, Plant & Equipment	-2.01	-1.60	-1.62	-2.29	-2.46	-1.60	-1.53	-1.29	-0.69	-1.00	-1.15
Acquisitions	-0.06	-0.03	-0.05	-0.03	-0.00	-0.02	-0.01	-0.03	-0.02	-0.08	-0.04
Purchase of Investments	-0.63	-1.07	-3.12	-1.19	-1.16	-0.20	-1.29	-0.60	-0.84	-0.71	-0.51
Net Cash From Financing Activities	-10	-9.00	-9.92	-7.79	-9.34	-8.35	-0.47	-17	-7.76	-11	-9.53
Net Cash From Continuing Financing Activities	-10	-9.00	-9.92	-7.79	-9.34	-8.35	-0.47	-17	-7.76	-11	-9.53
Repurchase of Common Equity	-1.92	-0.77	-1.09	-	-1.54	-	0.00	-1.59	-	-2.31	-1.54
Payment of Dividends	-7.75	-7.75	-7.77	-7.77	-7.77	-7.75	0.00	-16	-7.75	-7.75	-7.74
Other Financing Activities, net	-0.76	-0.48	-1.06	-0.02	-0.03	-0.60	-0.47	-	-0.01	-0.85	-0.25
Effect of Exchange Rate Changes	-	3.30	-3.95	2.05	0.98	-2.04	5.18	0.29	0.41	2.74	-1.02

This table presents Movado Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	1/31/2016	1/31/2017	1/31/2018	1/31/2019	1/31/2020	1/31/2021	1/31/2022	1/31/2023	1/31/2024	1/31/2025	1/31/2026
Total Assets	585	608	645	760	847	719	761	788	756	729	743
Total Current Assets	489	505	482	468	465	502	554	567	531	490	517
Cash & Equivalents	228	256	215	190	186	224	277	252	262	209	231
Accounts Receivable	71	67	83	84	78	77	92	94	86	93	102
Inventories, net	162	153	152	165	171	153	160	186	154	157	158
Current Deferred & Refundable Income Taxes	-	-	-	-	1.89	25	7.94	11	11	9.53	4.12
Other Current Assets	27	28	32	29	27	23	17	24	18	22	22
Plant, Property, & Equipment, net	39	34	25	26	29	22	19	19	19	20	17
Total Noncurrent Assets	58	69	139	265	354	195	188	202	206	219	208
Intangible Assets	-	1.63	23	48	42	17	14	9.64	7.49	5.54	4.16
Noncurrent Deferred & Refundable Income Taxes	20	25	6.44	25	25	43	43	44	43	41	46
Other Noncurrent Operating Assets	37	42	49	57	149	136	132	148	155	173	158
Total Liabilities & Shareholders' Equity	585	608	645	760	847	719	761	788	756	729	743
Total Liabilities	144	134	175	259	317	289	284	277	248	246	232
Total Current Liabilities	78	71	100	113	109	128	151	142	111	113	113
Accounts Payable	27	27	24	39	35	28	46	32	33	34	21
Accrued Expenses	29	28	33	44	44	51	49	47	39	43	50
Current Deferred & Payable Income Tax Liabilities	6.26	4.15	2.99	11	8.22	14	18	29	17	8.94	3.66
Current Employee Benefit Liabilities	11	6.82	15	19	6.30	18	25	17	7.59	7.84	18
Other Current Liabilities	-	-	-	0.00	15	16	14	18	16	19	21
Total Noncurrent Liabilities	66	62	75	147	208	162	133	135	137	133	119
Noncurrent Deferred & Payable Income Tax Liabilities	2.64	3.32	33	29	25	22	20	15	8.23	1.01	1.03
Other Noncurrent Operating Liabilities	28	34	42	67	130	119	113	120	129	132	118
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	441	474	471	497	527	427	475	511	508	484	510
Total Preferred & Common Equity	441	474	471	497	527	425	473	508	506	481	509
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	440	474	470	496	527	425	473	508	506	481	509
Common Stock	178	185	190	202	209	214	223	231	239	244	249
Retained Earnings	393	416	389	431	455	342	414	477	459	447	442
Treasury Stock	-199	-204	-209	-217	-223	-223	-249	-282	-285	-289	-293
Accumulated Other Comprehensive Income / (Loss)	69	77	100	81	85	93	85	81	92	80	111
Noncontrolling Interest	0.60	-	-	0.00	0.71	2.07	1.97	2.94	2.16	2.25	1.42

This table presents Movado Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026	Q3 2026	Q1 2027
Period end date	10/31/2022	4/30/2023	7/31/2023	10/31/2023	4/30/2024	7/31/2024	10/31/2024	4/30/2025	7/31/2025	10/31/2025	4/30/2026
Total Assets	776	741	750	763	736	742	747	747	749	752	734
Total Current Assets	564	525	534	538	502	507	501	511	516	522	514
Cash & Equivalents	187	198	219	201	225	198	182	203	180	184	225
Accounts Receivable	136	94	96	136	81	87	114	87	94	118	80
Inventories, net	215	195	181	172	165	183	176	189	212	197	182
Current Deferred & Refundable Income Taxes	7.98	12	13	11	8.07	13	7.30	7.40	6.85	3.98	5.69
Other Current Assets	19	26	25	19	22	26	23	24	23	19	21
Plant, Property, & Equipment, net	18	19	20	19	19	20	20	20	19	18	16
Total Noncurrent Assets	194	197	196	205	215	215	225	216	213	212	203
Intangible Assets	9.82	9.00	8.43	7.69	6.94	6.65	6.19	5.41	4.93	4.46	3.66
Noncurrent Deferred & Refundable Income Taxes	44	45	45	45	43	43	44	44	43	43	46
Other Noncurrent Operating Assets	139	143	142	153	165	166	175	167	165	164	153
Total Liabilities & Shareholders' Equity	776	741	750	763	736	742	747	747	749	752	734
Total Liabilities	292	247	246	260	244	248	253	252	256	252	227
Total Current Liabilities	166	116	122	126	103	114	116	126	131	129	113
Accounts Payable	41	24	28	23	33	37	29	33	35	27	30
Accrued Expenses	67	49	47	57	42	45	50	56	64	64	48
Current Deferred & Payable Income Tax Liabilities	25	18	18	20	4.26	6.54	6.99	8.14	1.01	1.44	5.33
Current Employee Benefit Liabilities	16	7.60	11	10	6.19	8.15	9.92	9.18	11	16	9.35
Other Current Liabilities	17	18	17	16	18	18	19	19	20	20	20
Total Noncurrent Liabilities	127	131	124	134	141	134	138	126	125	123	114
Noncurrent Deferred & Payable Income Tax Liabilities	16	15	8.32	7.97	8.14	1.03	1.19	0.92	0.93	1.08	1.07
Other Noncurrent Operating Liabilities	111	116	116	126	133	133	136	125	124	122	113
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	481	495	504	503	492	494	494	495	492	500	507
Total Preferred & Common Equity	478	492	501	500	490	492	491	493	490	497	505
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	478	492	501	500	490	492	491	493	490	497	505
Common Stock	228	233	235	237	241	242	244	245	246	247	252
Retained Earnings	462	456	456	466	454	449	446	440	436	437	441
Treasury Stock	-278	-282	-282	-284	-287	-287	-289	-290	-291	-291	-296
Accumulated Other Comprehensive Income / (Loss)	66	85	92	82	82	88	90	97	99	104	109
Noncontrolling Interest	3.09	2.94	3.11	2.48	2.26	2.37	2.59	2.17	2.32	2.44	1.45

This table displays calculated financial ratios and metrics derived from Movado Group's official financial filings.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	1/31/2016	1/31/2017	1/31/2018	1/31/2019	1/31/2020	1/31/2021	1/31/2022	1/31/2023	1/31/2024	1/31/2025	1/31/2026
DEI Shares Outstanding	23,028,957.00	22,932,990.00	22,940,123.00	23,095,864.00	23,017,995.00	23,193,784.00	-	-	-	-	22,137,954.00
DEI Adjusted Shares Outstanding	23,028,957.00	22,932,990.00	22,940,123.00	23,095,864.00	23,017,995.00	23,193,784.00	-	-	-	-	22,137,954.00
DEI Earnings Per Adjusted Shares Outstanding	1.96	1.53	-0.66	2.67	1.86	-4.81	-	-	-	-	1.20
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	1.35%	-7.09%	2.75%	19.65%	3.15%	-27.76%	44.63%	2.66%	-10.55%	-1.66%	2.74%
EBITDA Growth	-0.83%	-22.89%	-11.76%	34.78%	-2.03%	-268.83%	203.30%	2.11%	-47.20%	-43.14%	21.47%
EBIT Growth	-1.93%	-24.83%	-18.03%	43.97%	-6.05%	-340.31%	184.05%	3.73%	-50.42%	-50.17%	28.45%
NOPAT Growth	-10.97%	-20.58%	-142.34%	497.47%	-48.92%	-414.01%	193.16%	3.35%	-54.90%	-61.92%	61.71%
Net Income Growth	-11.82%	-23.22%	-143.33%	504.41%	-31.17%	-362.38%	183.24%	4.82%	-51.00%	-54.45%	39.87%
EPS Growth	-5.94%	-20.53%	-143.71%	495.45%	-29.89%	-362.30%	180.63%	6.46%	-50.00%	-55.74%	44.44%
Operating Cash Flow Growth	25.11%	-22.00%	-5.90%	57.46%	-62.78%	113.31%	91.22%	-58.46%	41.29%	-101.96%	3,951.13%
Free Cash Flow Firm Growth	81.41%	-45.94%	-214.98%	62.44%	77.91%	1,832.26%	72.51%	-69.36%	23.04%	-128.83%	227.45%
Invested Capital Growth	-11.07%	-2.07%	13.25%	28.60%	9.90%	-42.65%	-12.05%	29.51%	-0.80%	11.82%	1.69%
Revenue Q/Q Growth	1.60%	-2.21%	3.35%	7.97%	-1.18%	-2.44%	3.92%	-1.53%	-2.13%	-0.75%	1.53%
EBITDA Q/Q Growth	2.36%	-8.70%	13.03%	6.10%	7.45%	13.70%	9.70%	-7.79%	-15.04%	-15.33%	9.33%
EBIT Q/Q Growth	2.16%	-9.27%	15.83%	6.41%	9.26%	13.00%	11.37%	-8.10%	-16.77%	-19.53%	12.07%
NOPAT Q/Q Growth	-3.11%	-7.69%	-163.21%	498.05%	-30.15%	11.95%	1.01%	-8.82%	-20.57%	-26.58%	25.61%
Net Income Q/Q Growth	-3.38%	-7.98%	-163.66%	499.58%	-24.65%	19.56%	1.13%	-7.87%	-18.67%	-22.43%	19.22%
EPS Q/Q Growth	-3.06%	-6.21%	-163.46%	536.59%	-24.07%	19.73%	-0.26%	-7.21%	-18.58%	-22.12%	20.62%
Operating Cash Flow Q/Q Growth	8.87%	8.74%	-8.13%	-5.30%	117.36%	-2.18%	14.94%	-20.64%	-10.05%	-105.23%	43.41%
Free Cash Flow Firm Q/Q Growth	41.49%	-2.81%	-67.38%	-16.54%	84.12%	-10.92%	18.32%	-44.20%	-8.22%	-347.69%	25.74%
Invested Capital Q/Q Growth	-18.85%	-19.66%	-22.50%	-7.01%	-13.55%	-15.00%	-22.42%	-12.77%	-14.92%	-15.33%	-11.49%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	53.27%	53.34%	52.48%	54.35%	53.48%	53.42%	57.22%	57.71%	55.07%	54.05%	54.16%
EBITDA Margin	14.00%	11.62%	9.98%	11.24%	10.67%	-24.94%	17.82%	17.72%	10.46%	5.58%	6.60%
Operating Margin	11.78%	9.77%	7.61%	9.15%	6.13%	-28.07%	16.04%	16.01%	8.13%	3.06%	4.44%
EBIT Margin	11.78%	9.53%	7.61%	9.15%	8.34%	-27.73%	16.11%	16.28%	9.02%	4.15%	5.19%
Profit (Net Income) Margin	7.69%	6.36%	-2.68%	9.06%	6.05%	-21.96%	12.64%	12.90%	7.07%	2.94%	4.00%
Tax Burden Percent	66.21%	68.29%	-36.13%	99.74%	73.70%	78.10%	78.89%	79.59%	78.97%	72.08%	78.21%
Interest Burden Percent	98.60%	97.64%	97.55%	99.25%	98.41%	101.40%	99.42%	99.58%	99.18%	98.20%	98.55%
Effective Tax Rate	33.79%	31.71%	136.13%	0.26%	26.30%	0.00%	21.11%	20.41%	21.03%	27.92%	21.79%
Return on Invested Capital (ROIC)	17.27%	14.73%	-5.91%	19.35%	8.37%	-31.90%	43.38%	41.75%	16.75%	5.54%	8.41%
ROIC Less NNEP Spread (ROIC-NNEP)	17.61%	15.56%	-6.09%	19.63%	0.55%	-24.94%	43.43%	41.28%	15.06%	3.50%	6.80%
Return on Net Nonoperating Assets (RNNOA)	-7.38%	-7.05%	2.69%	-6.67%	-0.15%	8.74%	-22.97%	-22.10%	-7.51%	-1.66%	-3.00%
Return on Equity (ROE)	9.89%	7.68%	-3.22%	12.68%	8.22%	-23.16%	20.41%	19.65%	9.24%	3.87%	5.41%
Cash Return on Invested Capital (CROIC)	28.99%	16.82%	-18.33%	-5.67%	-1.06%	22.32%	56.20%	16.03%	17.55%	-5.63%	6.74%
Operating Return on Assets (OROA)	12.00%	8.83%	6.89%	8.85%	7.27%	-17.93%	15.94%	15.81%	7.80%	3.65%	4.74%
Return on Assets (ROA)	7.84%	5.89%	-2.43%	8.76%	5.27%	-14.20%	12.50%	12.53%	6.11%	2.59%	3.65%
Return on Common Equity (ROCE)	9.85%	7.67%	-3.22%	12.62%	8.16%	-22.94%	20.20%	19.50%	9.19%	3.86%	5.39%
Return on Equity Simple (ROE_SIMPLE)	10.39%	7.41%	-3.23%	12.40%	8.05%	-26.15%	19.58%	19.11%	9.20%	3.99%	0.00%
Net Operating Profit after Tax (NOPAT)	46	37	-16	62	32	-99	93	96	43	14	23
NOPAT Margin	7.80%	6.67%	-2.75%	9.13%	4.52%	-19.65%	12.65%	12.74%	6.42%	2.21%	3.48%
Net Nonoperating Expense Percent (NNEP)	-0.34%	-0.83%	0.18%	-0.28%	7.82%	-6.96%	-0.05%	0.47%	1.69%	2.03%	1.61%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	2.98%	4.57%
Cost of Revenue to Revenue	46.73%	46.66%	47.52%	45.65%	46.52%	46.58%	42.78%	42.29%	44.93%	45.95%	45.84%
SG&A Expenses to Revenue	41.49%	43.57%	44.88%	45.20%	47.35%	50.69%	41.18%	41.70%	46.94%	50.99%	49.72%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	41.49%	43.57%	44.88%	45.20%	47.35%	81.48%	41.18%	41.70%	46.94%	50.99%	49.72%
Earnings before Interest and Taxes (EBIT)	70	53	43	62	58	-140	118	122	61	27	35
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	83	64	57	76	75	-126	130	133	70	36	44
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.02	1.02	1.18	1.20	0.63	0.94	1.54	1.38	1.15	0.88	0.98
Price to Tangible Book Value (P/TBV)	1.02	1.02	1.43	1.90	0.95	0.98	1.58	1.41	1.16	0.89	0.99
Price to Revenue (P/Rev)	0.75	0.87	0.98	0.87	0.47	0.79	0.99	0.93	0.88	0.65	0.74
Price to Earnings (P/E)	9.93	13.73	0.00	9.63	7.72	0.00	7.95	7.42	12.70	23.05	18.74
Dividend Yield	2.26%	2.48%	2.15%	3.11%	6.99%	0.58%	2.99%	4.43%	5.21%	7.32%	7.79%
Earnings Yield	10.07%	7.29%	0.00%	10.38%	12.96%	0.00%	12.58%	13.47%	7.88%	4.34%	5.34%
Enterprise Value to Invested Capital (EV/IC)	1.03	1.03	1.30	1.27	0.50	0.89	2.28	1.75	1.30	0.79	0.96
Enterprise Value to Revenue (EV/Rev)	0.44	0.46	0.64	0.67	0.28	0.40	0.62	0.60	0.50	0.33	0.40
Enterprise Value to EBITDA (EV/EBITDA)	3.12	3.97	6.42	5.99	2.67	0.00	3.49	3.40	4.74	5.96	6.06
Enterprise Value to EBIT (EV/EBIT)	3.71	4.84	8.42	7.36	3.41	0.00	3.86	3.70	5.49	8.00	7.70
Enterprise Value to NOPAT (EV/NOPAT)	5.61	6.92	0.00	7.38	6.29	0.00	4.91	4.73	7.71	15.05	11.51
Enterprise Value to Operating Cash Flow (EV/OCF)	3.49	4.38	6.65	5.31	6.22	2.96	3.48	8.34	4.34	0.00	4.63
Enterprise Value to Free Cash Flow (EV/FCFF)	3.34	6.05	0.00	0.00	0.00	2.91	3.79	12.32	7.36	0.00	14.37
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.09	0.06	0.05	0.10	0.10	0.05	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.08	0.05	0.00	0.10	0.10	0.05	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.42	-0.45	-0.44	-0.34	-0.27	-0.35	-0.53	-0.54	-0.50	-0.47	-0.44
Leverage Ratio	1.26	1.30	1.33	1.45	1.56	1.63	1.63	1.57	1.51	1.50	1.48
Compound Leverage Factor	1.24	1.27	1.29	1.44	1.53	1.65	1.62	1.56	1.50	1.47	1.46
Debt to Total Capital	8.31%	5.95%	5.04%	9.13%	8.91%	4.71%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	1.04%	0.99%	5.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	7.27%	4.96%	0.00%	9.13%	8.91%	4.71%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.12%	0.00%	0.00%	0.68%	0.66%	1.04%	0.90%	0.58%	0.42%	0.47%	0.28%
Common Equity to Total Capital	91.49%	93.98%	94.82%	90.13%	90.42%	94.18%	99.10%	99.42%	99.58%	99.53%	99.72%
Debt to EBITDA	0.48	0.47	0.44	0.66	0.69	-0.17	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	-2.26	-3.52	-3.35	-1.83	-1.79	1.60	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.42	0.39	0.00	0.66	0.69	-0.17	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.86	0.81	-1.60	0.81	1.64	-0.21	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	-4.05	-6.14	12.16	-2.25	-4.23	2.04	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.75	0.68	0.00	0.81	1.64	-0.21	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	5.06	5.17	4.55	3.89	2.93	2.18	4.41	4.48	4.09	3.53	3.83
Noncontrolling Interest Sharing Ratio	0.36%	0.14%	0.11%	0.49%	0.77%	0.93%	1.02%	0.73%	0.50%	0.44%	0.37%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	6.26	7.07	4.80	4.15	4.25	3.93	3.66	3.98	4.81	4.34	4.58
Quick Ratio	3.83	4.53	2.97	2.43	2.42	2.36	2.43	2.43	3.24	2.67	2.94
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	78	42	-48	-18	-4.02	70	120	37	45	-15	19
Operating Cash Flow to CapEx	923.90%	982.31%	941.89%	810.25%	257.12%	4,021.75%	2,312.84%	766.99%	933.70%	-18.88%	1,283.71%
Free Cash Flow to Firm to Interest Expense	70.23	28.76	-32.06	-23.59	-4.32	35.53	174.53	71.02	91.07	-29.98	36.86
Operating Cash Flow to Interest Expense	67.23	39.72	36.24	111.76	34.48	34.92	190.14	104.91	154.48	-3.08	114.24
Operating Cash Flow Less CapEx to Interest Expense	59.95	35.68	32.39	97.97	21.07	34.05	181.92	91.23	137.94	-19.37	105.34
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.02	0.93	0.91	0.97	0.87	0.65	0.99	0.97	0.86	0.88	0.91
Accounts Receivable Turnover	8.20	8.02	7.58	8.13	8.63	6.52	8.69	8.09	6.77	7.28	6.87
Inventory Turnover	1.67	1.63	1.77	1.96	1.94	1.46	2.00	1.84	1.81	1.93	1.95
Fixed Asset Turnover	13.96	15.20	19.30	26.79	25.35	19.63	35.03	39.40	35.27	33.20	36.26
Accounts Payable Turnover	10.10	9.47	10.47	9.85	8.80	7.41	8.45	8.14	9.32	8.95	11.10
Days Sales Outstanding (DSO)	44.52	45.52	48.18	44.88	42.29	55.98	41.98	45.11	53.93	50.12	53.13
Days Inventory Outstanding (DIO)	218.78	223.32	206.15	186.49	188.46	250.65	182.23	198.85	201.84	188.82	186.87
Days Payable Outstanding (DPO)	36.16	38.56	34.86	37.07	41.49	49.26	43.22	44.82	39.17	40.78	32.89
Cash Conversion Cycle (CCC)	227.14	230.28	219.46	194.30	189.25	257.36	181.00	199.13	216.60	198.15	207.11
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	253	248	281	361	396	227	200	259	257	275	280
Invested Capital Turnover	2.21	2.21	2.15	2.12	1.85	1.62	3.43	3.28	2.61	2.51	2.42
Increase / (Decrease) in Invested Capital	-31	-5.25	33	80	36	-169	-27	59	-2.06	29	4.64
Enterprise Value (EV)	260	255	364	458	199	202	455	453	333	217	268
Market Capitalization	448	481	554	594	329	400	728	702	593	423	498
Book Value per Share	$19.12	$20.65	$20.49	$21.49	$22.88	$18.32	$20.63	$22.83	$23.41	$21.74	$22.99
Tangible Book Value per Share	$19.12	$20.58	$16.85	$13.51	$15.11	$17.58	$20.04	$22.40	$23.07	$21.49	$22.80
Total Capital	481	504	496	551	582	451	477	511	519	484	510
Total Debt	40	30	25	50	52	21	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	35	25	0.00	50	52	21	0.00	0.00	0.00	0.00	0.00
Net Debt	-188	-226	-190	-140	-134	-203	-277	-252	-262	-209	-231
Capital Expenditures (CapEx)	8.07	5.92	5.81	11	12	1.70	5.66	7.09	8.22	7.97	4.51
Debt-free, Cash-free Net Working Capital (DFCFNWC)	188	182	191	166	169	150	125	173	169	168	174
Debt-free Net Working Capital (DFNWC)	416	438	406	355	355	374	402	425	431	377	404
Net Working Capital (NWC)	411	433	381	355	355	374	402	425	431	377	404
Net Nonoperating Expense (NNE)	0.65	1.73	-0.38	0.46	-11	12	0.12	-1.23	-4.34	-4.78	-3.54
Net Nonoperating Obligations (NNO)	-188	-226	-190	-140	-134	-203	-277	-252	-262	-209	-231
Total Depreciation and Amortization (D&A)	13	12	13	14	16	14	12	11	9.64	9.31	9.42
Debt-free, Cash-free Net Working Capital to Revenue	31.54%	32.94%	33.72%	24.36%	24.16%	29.65%	17.11%	23.03%	25.09%	25.79%	25.87%
Debt-free Net Working Capital to Revenue	69.90%	79.31%	71.54%	52.31%	50.68%	73.85%	54.95%	56.49%	64.05%	57.70%	60.21%
Net Working Capital to Revenue	69.06%	78.40%	67.14%	52.31%	50.68%	73.85%	54.95%	56.49%	64.05%	57.70%	60.21%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.92	$1.52	($0.66)	$2.66	$1.85	($4.80)	$3.95	$4.20	$2.10	$0.82	$1.19
Adjusted Weighted Average Basic Shares Outstanding	23.53M	23.07M	23.07M	23.20M	23.12M	23.24M	23.19M	22.50M	22.22M	22.27M	22.24M
Adjusted Diluted Earnings per Share	$1.90	$1.51	($0.66)	$2.61	$1.83	($4.80)	$3.87	$4.12	$2.06	$0.81	$1.17
Adjusted Weighted Average Diluted Shares Outstanding	23.77M	23.27M	23.07M	23.60M	23.30M	23.24M	23.68M	22.96M	22.64M	22.60M	22.61M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	22.94M	22.95M	22.94M	22.98M	23.03M	23.22M	22.76M	22.14M	22.13M	22.24M	22.08M
Normalized Net Operating Profit after Tax (NOPAT)	46	37	30	62	32	9.65	93	96	43	14	23
Normalized NOPAT Margin	7.80%	6.67%	5.32%	9.13%	4.52%	1.91%	12.65%	12.74%	6.42%	2.21%	3.48%
Pre Tax Income Margin	11.62%	9.31%	7.42%	9.08%	8.20%	-28.12%	16.02%	16.21%	8.95%	4.08%	5.12%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	63.22	36.00	28.61	80.67	62.83	-71.68	171.54	236.34	122.13	55.50	68.76
NOPAT to Interest Expense	41.85	25.18	-10.34	80.46	34.07	-50.79	134.71	184.92	86.92	29.50	46.01
EBIT Less CapEx to Interest Expense	55.94	31.95	24.76	66.88	49.42	-72.55	163.32	222.66	105.59	39.21	59.86
NOPAT Less CapEx to Interest Expense	34.58	21.14	-14.18	66.67	20.66	-51.65	126.49	171.24	70.38	13.21	37.11
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	22.53%	33.95%	-78.38%	30.00%	43.42%	0.00%	23.42%	32.33%	111.79%	161.74%	115.57%
Augmented Payout Ratio	129.05%	44.95%	-102.23%	42.04%	53.33%	0.00%	47.83%	64.70%	118.34%	175.42%	130.09%

This table displays calculated financial ratios and metrics derived from Movado Group's official financial filings.

Metric	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026	Q1 2027
Period end date	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025	7/31/2025	10/31/2025	1/31/2026	4/30/2026
DEI Shares Outstanding	-	-	-	-	-	-	22,236,928.00	22,236,928.00	22,137,698.00	22,137,954.00	22,077,988.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	22,236,928.00	22,236,928.00	22,137,698.00	22,137,954.00	22,077,988.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	0.06	0.13	0.43	0.57	0.31
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-11.22%	-7.54%	-5.68%	-0.67%	-2.64%	1.90%	-1.94%	3.08%	3.11%	5.57%	8.07%
EBITDA Growth	-40.49%	-41.40%	-46.34%	-47.31%	-57.46%	-3.22%	-34.16%	11.35%	55.58%	28.79%	160.63%
EBIT Growth	-42.30%	-44.48%	-54.02%	-56.13%	-63.84%	-3.91%	-52.19%	15.27%	73.02%	34.84%	337.64%
NOPAT Growth	-44.88%	-50.47%	-77.92%	-65.81%	-72.76%	-0.38%	-82.32%	15.40%	113.17%	67.79%	2,751.61%
Net Income Growth	-41.32%	-46.80%	-66.98%	-52.84%	-69.25%	-2.68%	-40.16%	-12.00%	91.46%	51.21%	441.09%
EPS Growth	-39.84%	-47.00%	-67.50%	-55.56%	-71.43%	0.00%	-33.33%	-13.33%	100.00%	55.56%	400.00%
Operating Cash Flow Growth	-206.60%	-11.00%	15.92%	-158.05%	-153.88%	-43.63%	60.09%	78.68%	360.38%	44.81%	196.42%
Free Cash Flow Firm Growth	223.45%	135.70%	141.40%	-309.09%	-261.61%	-225.10%	-182.02%	-45.16%	180.84%	135.08%	162.93%
Invested Capital Growth	1.71%	-0.80%	-6.18%	8.19%	7.59%	11.82%	9.69%	5.26%	1.19%	1.69%	-3.65%
Revenue Q/Q Growth	17.02%	-4.30%	-23.91%	16.57%	14.70%	-4.41%	-27.39%	22.81%	15.02%	2.93%	-25.67%
EBITDA Q/Q Growth	79.72%	-28.22%	-55.93%	-7.34%	45.12%	5.55%	-67.01%	75.16%	103.72%	9.40%	-33.23%
EBIT Q/Q Growth	99.59%	-31.62%	-64.08%	-10.51%	64.50%	7.51%	-80.97%	153.97%	150.95%	11.15%	-38.22%
NOPAT Q/Q Growth	130.98%	-32.99%	-82.88%	29.01%	84.05%	27.03%	-97.38%	1,184.36%	255.10%	40.22%	-55.41%
Net Income Q/Q Growth	115.83%	-29.78%	-75.31%	26.05%	40.71%	26.12%	-84.87%	145.16%	207.87%	32.38%	-45.84%
EPS Q/Q Growth	113.89%	-31.17%	-75.47%	23.08%	37.50%	36.36%	-83.33%	116.67%	223.08%	33.33%	-46.43%
Operating Cash Flow Q/Q Growth	-106.05%	3,835.74%	-126.04%	1.32%	73.55%	929.40%	-118.44%	47.30%	423.04%	361.28%	-87.72%
Free Cash Flow Firm Q/Q Growth	323.32%	14.88%	54.44%	-203.25%	11.78%	-26.86%	-17.77%	48.85%	138.47%	51.37%	111.26%
Invested Capital Q/Q Growth	5.95%	-14.92%	8.33%	10.79%	5.37%	-15.33%	6.27%	6.65%	1.37%	-11.49%	0.69%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	54.52%	53.88%	55.25%	54.21%	53.85%	53.17%	54.15%	54.11%	54.29%	54.09%	57.30%
EBITDA Margin	13.09%	9.82%	5.69%	4.52%	5.72%	6.31%	3.29%	4.69%	8.30%	8.83%	7.93%
Operating Margin	11.02%	7.50%	2.42%	1.90%	3.58%	4.08%	0.22%	2.48%	6.30%	7.21%	4.93%
EBIT Margin	11.89%	8.50%	4.01%	3.08%	4.42%	4.97%	1.56%	3.22%	7.02%	7.58%	6.30%
Profit (Net Income) Margin	9.41%	6.91%	2.24%	2.42%	2.97%	3.92%	0.97%	1.94%	5.19%	6.68%	4.86%
Tax Burden Percent	79.63%	82.00%	57.09%	80.49%	68.53%	80.04%	65.98%	61.54%	74.68%	88.94%	78.05%
Interest Burden Percent	99.40%	99.11%	97.85%	97.76%	98.22%	98.65%	94.59%	97.89%	98.96%	98.97%	98.86%
Effective Tax Rate	20.37%	18.00%	42.91%	19.51%	31.47%	19.96%	34.02%	38.46%	25.32%	11.06%	21.95%
Return on Invested Capital (ROIC)	20.15%	16.03%	3.20%	3.42%	5.16%	8.19%	0.34%	3.29%	9.90%	15.51%	9.14%
ROIC Less NNEP Spread (ROIC-NNEP)	19.54%	15.50%	2.64%	2.74%	4.67%	7.70%	-0.17%	2.93%	9.41%	15.28%	8.46%
Return on Net Nonoperating Assets (RNNOA)	-7.68%	-7.73%	-1.12%	-1.13%	-1.77%	-3.65%	0.07%	-1.13%	-3.46%	-6.75%	-3.61%
Return on Equity (ROE)	12.47%	8.30%	2.08%	2.29%	3.39%	4.53%	0.41%	2.16%	6.44%	8.76%	5.52%
Cash Return on Invested Capital (CROIC)	16.47%	17.55%	18.98%	2.77%	-1.05%	-5.63%	-4.35%	-0.53%	4.73%	6.74%	13.74%
Operating Return on Assets (OROA)	10.62%	7.34%	3.57%	2.71%	3.80%	4.37%	1.37%	2.83%	6.20%	6.92%	5.80%
Return on Assets (ROA)	8.41%	5.97%	1.99%	2.13%	2.56%	3.45%	0.85%	1.71%	4.58%	6.09%	4.48%
Return on Common Equity (ROCE)	12.37%	8.26%	2.06%	2.28%	3.37%	4.51%	0.41%	2.15%	6.41%	8.73%	5.50%
Return on Equity Simple (ROE_SIMPLE)	11.68%	0.00%	8.24%	7.34%	4.92%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	16	11	1.89	2.44	4.49	5.70	0.19	2.47	8.76	12	5.48
NOPAT Margin	8.78%	6.15%	1.38%	1.53%	2.46%	3.26%	0.15%	1.52%	4.70%	6.41%	3.84%
Net Nonoperating Expense Percent (NNEP)	0.62%	0.53%	0.55%	0.68%	0.49%	0.49%	0.51%	0.35%	0.50%	0.23%	0.68%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	1.18%	0.04%	0.50%	1.75%	2.41%	1.08%
Cost of Revenue to Revenue	45.48%	46.12%	44.75%	45.79%	46.15%	46.83%	45.85%	45.89%	45.71%	45.91%	42.70%
SG&A Expenses to Revenue	43.50%	46.38%	52.83%	52.31%	50.26%	49.09%	53.93%	51.63%	47.99%	46.89%	52.37%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	43.50%	46.38%	52.83%	52.31%	50.26%	49.09%	53.93%	51.63%	47.99%	46.89%	52.37%
Earnings before Interest and Taxes (EBIT)	22	15	5.48	4.91	8.07	8.68	2.05	5.21	13	15	8.98
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	25	18	7.77	7.20	10	11	4.33	7.59	15	17	11
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.16	1.15	1.11	1.14	0.82	0.88	0.58	0.70	0.81	0.98	1.19
Price to Tangible Book Value (P/TBV)	1.18	1.16	1.12	1.16	0.83	0.89	0.59	0.71	0.82	0.99	1.20
Price to Revenue (P/Rev)	0.85	0.88	0.84	0.87	0.62	0.65	0.44	0.53	0.61	0.74	0.88
Price to Earnings (P/E)	10.17	12.70	13.73	15.91	17.24	23.05	16.19	19.95	18.29	18.74	18.76
Dividend Yield	5.32%	5.21%	5.57%	5.41%	7.58%	7.32%	10.82%	9.03%	9.61%	7.79%	5.14%
Earnings Yield	9.84%	7.88%	7.28%	6.28%	5.80%	4.34%	6.18%	5.01%	5.47%	5.34%	5.33%
Enterprise Value to Invested Capital (EV/IC)	1.27	1.30	1.20	1.23	0.71	0.79	0.30	0.53	0.70	0.96	1.34
Enterprise Value to Revenue (EV/Rev)	0.56	0.50	0.50	0.57	0.35	0.33	0.13	0.25	0.34	0.40	0.55
Enterprise Value to EBITDA (EV/EBITDA)	4.64	4.74	5.23	6.64	5.38	5.96	2.54	4.77	5.47	6.06	7.37
Enterprise Value to EBIT (EV/EBIT)	5.27	5.49	6.13	7.91	6.87	8.00	3.48	6.51	7.13	7.70	9.04
Enterprise Value to NOPAT (EV/NOPAT)	7.06	7.71	9.19	12.02	11.79	15.05	6.35	11.95	11.94	11.51	13.12
Enterprise Value to Operating Cash Flow (EV/OCF)	4.50	4.34	4.15	11.99	8.05	0.00	9.27	7.13	5.49	4.63	5.24
Enterprise Value to Free Cash Flow (EV/FCFF)	7.79	7.36	6.10	46.13	0.00	0.00	0.00	0.00	14.92	14.37	9.57
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.39	-0.50	-0.42	-0.41	-0.38	-0.47	-0.43	-0.38	-0.37	-0.44	-0.43
Leverage Ratio	1.56	1.51	1.50	1.49	1.52	1.50	1.50	1.51	1.51	1.48	1.48
Compound Leverage Factor	1.55	1.50	1.46	1.46	1.49	1.48	1.42	1.48	1.49	1.47	1.46
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.49%	0.42%	0.46%	0.49%	0.56%	0.47%	0.44%	0.47%	0.49%	0.28%	0.29%
Common Equity to Total Capital	99.51%	99.58%	99.54%	99.51%	99.44%	99.53%	99.56%	99.53%	99.51%	99.72%	99.71%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	3.84	3.89	3.78	3.75	3.31	3.45	3.01	3.14	3.34	3.74	4.06
Noncontrolling Interest Sharing Ratio	0.81%	0.50%	0.53%	0.55%	0.53%	0.44%	0.45%	0.48%	0.51%	0.37%	0.36%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.26	4.81	4.84	4.41	4.27	4.34	4.07	3.93	4.06	4.58	4.56
Quick Ratio	2.66	3.24	3.06	2.59	2.63	2.67	2.31	2.09	2.35	2.94	2.71
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	11	13	20	-21	-18	-23	-26	-13	5.05	7.64	16
Operating Cash Flow to CapEx	-92.58%	4,349.00%	-1,112.93%	-779.20%	-192.14%	2,448.25%	-470.58%	-294.04%	1,790.38%	5,665.50%	602.77%
Free Cash Flow to Firm to Interest Expense	84.50	96.36	171.51	-189.97	-128.02	-199.88	-230.97	-119.23	37.10	50.92	158.19
Operating Cash Flow to Interest Expense	-13.76	510.37	-153.17	-162.15	-32.76	334.38	-64.99	-34.56	90.31	377.70	68.20
Operating Cash Flow Less CapEx to Interest Expense	-28.63	498.63	-166.93	-182.95	-49.81	320.73	-78.80	-46.32	85.26	371.03	56.88
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.89	0.86	0.89	0.88	0.86	0.88	0.88	0.88	0.88	0.91	0.92
Accounts Receivable Turnover	5.07	6.77	6.79	6.45	4.79	7.28	7.73	7.24	5.70	6.87	8.15
Inventory Turnover	1.57	1.81	1.69	1.69	1.77	1.93	1.69	1.53	1.62	1.95	1.66
Fixed Asset Turnover	36.49	35.27	34.86	33.12	32.97	33.20	33.38	33.19	34.18	36.26	37.52
Accounts Payable Turnover	9.53	9.32	10.46	9.27	11.49	8.95	9.05	8.37	10.71	11.10	9.70
Days Sales Outstanding (DSO)	71.99	53.93	53.77	56.57	76.15	50.12	47.19	50.41	64.08	53.13	44.77
Days Inventory Outstanding (DIO)	232.02	201.84	215.54	216.03	206.50	188.82	216.21	238.72	224.77	186.87	219.91
Days Payable Outstanding (DPO)	38.30	39.17	34.89	39.36	31.76	40.78	40.31	43.62	34.09	32.89	37.63
Cash Conversion Cycle (CCC)	265.71	216.60	234.42	233.24	250.89	198.15	223.09	245.52	254.76	207.11	227.06
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	302	257	278	308	325	275	292	312	316	280	282
Invested Capital Turnover	2.30	2.61	2.31	2.24	2.10	2.51	2.33	2.16	2.10	2.42	2.38
Increase / (Decrease) in Invested Capital	5.07	-2.06	-18	23	23	29	26	16	3.71	4.64	-11
Enterprise Value (EV)	384	333	333	379	232	217	87	167	222	268	378
Market Capitalization	582	593	556	575	410	423	288	345	403	498	601
Book Value per Share	$22.60	$23.41	$22.66	$22.70	$22.66	$21.74	$22.18	$22.03	$22.47	$22.99	$22.89
Tangible Book Value per Share	$22.25	$23.07	$22.35	$22.40	$22.38	$21.49	$21.94	$21.81	$22.27	$22.80	$22.73
Total Capital	503	519	504	507	506	484	495	492	500	510	507
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-201	-262	-225	-198	-182	-209	-203	-180	-184	-231	-225
Capital Expenditures (CapEx)	2.01	1.60	1.62	2.29	2.46	1.60	1.53	1.29	0.69	1.00	1.15
Debt-free, Cash-free Net Working Capital (DFCFNWC)	211	169	185	207	217	168	182	204	209	174	176
Debt-free Net Working Capital (DFNWC)	412	431	410	405	398	377	385	385	393	404	402
Net Working Capital (NWC)	412	431	410	405	398	377	385	385	393	404	402
Net Nonoperating Expense (NNE)	-1.19	-1.36	-1.17	-1.42	-0.94	-1.15	-1.09	-0.67	-0.90	-0.51	-1.45
Net Nonoperating Obligations (NNO)	-201	-262	-225	-198	-182	-209	-203	-180	-184	-231	-225
Total Depreciation and Amortization (D&A)	2.24	2.37	2.29	2.29	2.38	2.35	2.28	2.38	2.38	2.38	2.31
Debt-free, Cash-free Net Working Capital to Revenue	30.72%	25.09%	27.84%	31.17%	32.93%	25.79%	28.02%	31.16%	31.68%	25.87%	25.85%
Debt-free Net Working Capital to Revenue	59.96%	64.05%	61.76%	61.06%	60.51%	57.70%	59.23%	58.69%	59.48%	60.21%	58.88%
Net Working Capital to Revenue	59.96%	64.05%	61.76%	61.06%	60.51%	57.70%	59.23%	58.69%	59.48%	60.21%	58.88%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.78	$0.55	$0.13	$0.17	$0.23	$0.29	$0.06	$0.13	$0.43	$0.57	$0.31
Adjusted Weighted Average Basic Shares Outstanding	22.21M	22.22M	22.25M	22.30M	22.28M	22.27M	22.27M	22.29M	22.23M	22.24M	22.19M
Adjusted Diluted Earnings per Share	$0.77	$0.53	$0.13	$0.16	$0.22	$0.30	$0.06	$0.13	$0.42	$0.56	$0.30
Adjusted Weighted Average Diluted Shares Outstanding	22.68M	22.64M	22.67M	22.66M	22.56M	22.60M	22.50M	22.57M	22.73M	22.61M	22.83M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	22.08M	22.13M	22.21M	22.22M	22.14M	22.24M	22.24M	22.14M	22.14M	22.08M	22.23M
Normalized Net Operating Profit after Tax (NOPAT)	16	11	1.89	2.44	4.49	5.70	0.19	2.47	8.76	12	5.48
Normalized NOPAT Margin	8.78%	6.15%	1.38%	1.53%	2.46%	3.26%	0.15%	1.52%	4.70%	6.41%	3.84%
Pre Tax Income Margin	11.82%	8.42%	3.93%	3.01%	4.34%	4.90%	1.47%	3.15%	6.95%	7.51%	6.23%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	165.36	112.25	46.47	44.61	56.06	74.17	18.48	47.35	96.12	96.87	88.00
NOPAT to Interest Expense	122.06	81.19	16.02	22.17	31.17	48.73	1.73	22.42	64.39	81.86	53.68
EBIT Less CapEx to Interest Expense	150.50	100.51	32.70	23.80	39.01	60.51	4.67	35.60	91.07	90.20	76.69
NOPAT Less CapEx to Interest Expense	107.19	69.46	2.26	1.36	14.12	35.08	-12.08	10.66	59.34	75.19	42.36
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	90.95%	111.79%	75.06%	83.90%	125.45%	161.74%	126.95%	173.41%	137.80%	115.57%	119.32%
Augmented Payout Ratio	100.55%	118.34%	84.30%	94.08%	139.16%	175.42%	135.36%	190.91%	144.87%	130.09%	136.05%

Financials Breakdown Chart

Key Financial Trends

Movado Group (NYSE:MOV) showed a mixed but still solid financial profile in its latest quarter, with stronger profitability than a year ago, a very large cash balance, and continued shareholder returns. However, operating cash flow turned negative in Q1 2027, inventories remain elevated, and recent results show some volatility quarter to quarter.

For the fiscal Q1 2027 quarter ended April 30, 2026, Movado generated $142.4 million in revenue, up from $131.8 million in Q1 2026 and roughly flat to slightly below recent peak levels. Net income came in at $6.9 million, or $0.30 diluted EPS, versus just $1.3 million in the prior-year quarter. Gross margin and operating leverage improved year over year, but cash flow was pressured by working capital changes and financing outflows.

Revenue growth improved year over year in Q1 2027, rising to $142.4 million from $131.8 million in Q1 2026.
Profitability strengthened meaningfully, with net income increasing to $6.9 million from $1.3 million a year earlier.
Operating income also improved to $7.0 million versus only $0.3 million in Q1 2026.
The company remains highly liquid, ending Q1 2027 with $225.3 million in cash and equivalents.
Balance sheet leverage appears manageable, with total liabilities of $227.1 million versus total equity of $505.5 million.
Movado continues to return capital to shareholders through dividends and share repurchases.
SG&A expense remains high at $74.6 million in Q1 2027, but it was lower as a percentage of sales than in the prior-year quarter.
Inventory remains elevated at $182.0 million, which could indicate working-capital pressure if demand softens.
Other income supported earnings, contributing $1.96 million in Q1 2027.
Operating cash flow was positive but weakened sharply, falling to $7.0 million from $56.7 million in Q4 2026 and turning negative in some earlier quarters.
Working capital changes hurt cash generation in Q1 2027, with changes in operating assets and liabilities reducing cash by $4.9 million.
Financing activities consumed cash due to dividends ($7.7 million) and share repurchases ($1.5 million).
Cash fell during the quarter, with net change in cash and equivalents down $5.3 million after FX and financing/investing outflows.
Quarterly results have been volatile across the past year, with some periods showing strong profitability and others showing weak or negative operating cash flow.

Looking at the broader trend over the last several years, Movado’s revenue has generally been in the $130 million to $190 million quarterly range, while earnings have swung from very strong quarters in fiscal 2023 to a more mixed pattern in fiscal 2025 and 2026. The good news is that the company has consistently maintained a strong cash position and equity base. The main caution is that cash generation is less consistent than reported earnings, so investors should watch working capital, especially inventories and receivables, in future quarters.

Bottom line: Movado looks financially stable and remains profitable, but the market may want to see more consistent operating cash flow and sustained revenue growth before assigning a higher confidence rating.

06/01/26 04:37 PM ETAI Generated. May Contain Errors.

Movado Group Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Movado Group's fiscal year ends in January. Their fiscal year 2026 ended on January 31, 2026.

Movado Group's net income appears to be on an upward trend, with a most recent value of $26.87 million in 2026, falling from $45.77 million in 2016. The previous period was $19.21 million in 2025. See where experts think Movado Group is headed by visiting Movado Group's forecast page.

Movado Group's total operating income in 2026 was $29.83 million, based on the following breakdown:

Total Gross Profit: $363.60 million
Total Operating Expenses: $333.77 million

Over the last 10 years, Movado Group's total revenue changed from $594.92 million in 2016 to $671.31 million in 2026, a change of 12.8%.

Movado Group's total liabilities were at $232.36 million at the end of 2026, a 5.4% decrease from 2025, and a 61.3% increase since 2016.

In the past 10 years, Movado Group's cash and equivalents has ranged from $185.87 million in 2020 to $277.13 million in 2022, and is currently $230.54 million as of their latest financial filing in 2026.

Over the last 10 years, Movado Group's book value per share changed from 19.12 in 2016 to 22.99 in 2026, a change of 20.2%.

Related Companies

Financial statements for NYSE:MOV last updated on 5/27/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Movado Group (MOV) Financials

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