Movado Group, Inc. designs, sources, markets, and distributes watches worldwide. It operates in two segments, Watch and Accessory Brands, and Company Stores. The company offers its watches under the Movado, Concord, Ebel, Olivia Burton, and MVMT brands, as well as licensed brands comprising Coach, Tommy Hilfiger, HUGO BOSS, Lacoste, Calvin Klein, and KATE SPADE NEW YORK. It also designs, sources, markets, and distributes jewelry and other accessories; and provides after-sales and shipping services. The company's 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. It sells directly to consumers through its e-commerce platforms. 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 1881 and is headquartered in Paramus, New Jersey.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2026
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2026 | $671M | $44M | $27M | $53M | 5.2% | 2.7% | 44.6% |
| 2025 | $653M | $36M | $18M | $-10M | 3.8% | -1.7% | -55.6% |
| 2024 | $664M | $64M | $41M | $68M | 8.2% | -10.7% | -54.3% |
| 2023 | $744M | $128M | $90M | $47M | 17.8% | - | - |
| 2022 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Total Revenue | - | 744.21 | 664.39 | 653.38 | 671.31 |
| Operating Revenue | - | 744.21 | 664.39 | 653.38 | 671.31 |
| Cost Of Revenue | - | 315.08 | 300.23 | 300.24 | 307.71 |
| Gross Profit | - | 429.13 | 364.16 | 353.14 | 363.60 |
| Operating Expense | - | 313.54 | 315.69 | 333.12 | 333.77 |
| Selling General And Administration | - | 313.54 | 315.69 | 333.12 | 333.77 |
| Total Expenses | - | 628.62 | 615.92 | 633.36 | 641.48 |
| Operating Income | - | 115.59 | 48.47 | 20.02 | 29.83 |
| Total Operating Income As Reported | - | 115.59 | 48.47 | 20.02 | 29.83 |
| EBITDA | - | 128.46 | 64.11 | 36.45 | 44.28 |
| Normalized EBITDA | - | 128.46 | 64.11 | 36.45 | 44.28 |
| EBIT | - | 117.66 | 54.46 | 27.14 | 34.86 |
| Interest Expense | - | 0.52 | 0.50 | 0.49 | 0.51 |
| Net Interest Income | - | -0.52 | -0.50 | -0.49 | -0.51 |
| Other Non Operating Income Expenses | - | 2.07 | 5.99 | 7.12 | 5.03 |
| Other Income Expense | - | 2.07 | 5.99 | 7.12 | 5.03 |
| Interest Expense Non Operating | - | 0.52 | 0.50 | 0.49 | 0.51 |
| Net Non Operating Interest Income Expense | - | -0.52 | -0.50 | -0.49 | -0.51 |
| Pretax Income | - | 117.14 | 53.97 | 26.65 | 34.35 |
| Tax Provision | - | 24.26 | 11.79 | 7.44 | 7.49 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 92.88 | 42.18 | 19.21 | 26.87 |
| Net Income From Continuing And Discontinued Operation | - | 90.38 | 41.34 | 18.36 | 26.55 |
| Net Income From Continuing Operation Net Minority Interest | - | 90.38 | 41.34 | 18.36 | 26.55 |
| Net Income | - | 90.38 | 41.34 | 18.36 | 26.55 |
| Net Income Common Stockholders | - | 90.38 | 41.34 | 18.36 | 26.55 |
| Net Income Including Noncontrolling Interests | - | 92.88 | 42.18 | 19.21 | 26.87 |
| Normalized Income | - | 90.38 | 41.34 | 18.36 | 26.55 |
| Diluted NI Availto Com Stockholders | - | 90.38 | 41.34 | 18.36 | 26.55 |
| Basic Average Shares | - | 22.14 | 22.22 | 22.15 | 22.08 |
| Diluted Average Shares | - | 22.96 | 22.64 | 22.60 | 22.61 |
| Reconciled Depreciation | - | 10.81 | 9.64 | 9.31 | 9.42 |
| Reconciled Cost Of Revenue | - | 315.08 | 300.23 | 300.24 | 307.71 |
| Total Unusual Items | 0 | 0 | - | - | - |
| Total Unusual Items Excluding Goodwill | 0 | 0 | - | - | - |
| Minority Interests | - | -2.50 | -0.83 | -0.84 | -0.32 |
| Special Income Charges | 0 | 0 | - | - | - |
| Impairment Of Capital Assets | 0 | 0 | - | - | - |
| Restructuring And Mergern Acquisition | 0 | - | - | - | - |
| Gain On Sale Of Ppe | 0 | 0 | - | - | - |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Movado Group, Inc.this co. | MOV | $834M | 31.40β premium | 1.64 | 5.2% | 15.40 |
| BJ's Restaurants, Inc. | BJRI | $902M | 18.47 | 2.46 | 13.3% | 10.59 |
| Myers Industries, Inc. | MYE | $893M | 25.56 | 3.03 | 11.9% | 10.77 |
| Sweetgreen, Inc. | SG | $876M | -6.53 | 2.46 | -37.6% | -18.57 |
| Standard Motor Products, Inc. | SMP | $875M |
| - |
| - |
| - |
| - |
| - |
| 21.17 |
| 1.28 |
| 6.0% |
| 8.16 |
| Arko Corp. | ARKO | $871M | 38.28 | 3.26 | 8.5% | 12.26 |
| Winnebago Industries, Inc. | WGO | $795M | 30.93 | 0.65 | 2.1% | 10.30 |
| EVgo, Inc. | EVGO | $782M | -18.80 | -6.69 | 35.6% | -46.15 |
| MarineMax, Inc. | HZO | $768M | - | 0.82 | -3.4% | 22.13 |
| Peer Median | - | 21.17 | 1.87 | 7.3% | 10.44 | |