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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 | 8.1% | -10.7% | -54.3% |
| 2023 | $744M | $128M | $90M | $47M | 17.7% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Total 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 |
| Operating Income | 115.59 | 48.47 | 20.02 | 29.83 |
| EBITDA | 128.47 | 64.11 | 36.45 | 44.28 |
| EBIT | 117.66 | 54.46 | 27.14 | 34.86 |
| Pretax Income | 117.14 | 53.97 | 26.65 | 34.35 |
| Tax Provision | 24.26 | 11.79 | 7.44 | 7.49 |
| Net Income | 90.38 | 41.34 | 18.36 | 26.55 |
| Net Income Common Stockholders | 90.38 | 41.34 | 18.36 | 26.55 |
| Total Expenses | 628.62 | 615.92 | 633.36 | 641.48 |
| Interest Expense | 0.52 | 0.50 | 0.49 | 0.51 |
| Selling General And Administration | 313.54 | 315.69 | 333.12 | 333.77 |
| Normalized EBITDA | 128.47 | 64.11 | 36.45 | 44.28 |
| Normalized Income | 90.38 | 41.34 | 18.36 | 26.55 |
| Basic EPS | 4.27 | 1.86 | 0.83 | 0 |
| Diluted EPS | 4.12 | 1.83 | 0.81 | 0 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | 0 |
| Tax Rate For Calcs | 0.20 | 0.22 | 0.28 | 0.22 |
| Total Unusual Items | 0 | 0 | 0 | 0 |
| Total Unusual Items Excluding Goodwill | 0 | 0 | 0 | 0 |
| Net Income From Continuing Operation Net Minority Interest | 90.38 | 41.34 | 18.36 | 26.55 |
| Reconciled Depreciation | 10.81 | 9.64 | 9.31 | 9.42 |
| Reconciled Cost Of Revenue | 315.08 | 300.23 | 300.24 | 307.71 |
| Net Interest Income | -0.52 | -0.50 | -0.49 | -0.51 |
| Net Income From Continuing And Discontinued Operation | 90.38 | 41.34 | 18.36 | 26.55 |
| Total Operating Income As Reported | 115.59 | 48.47 | 20.02 | 29.83 |
| Diluted Average Shares | 22.95 | 22.64 | 22.60 | 0 |
| Basic Average Shares | 22.14 | 22.22 | 22.15 | 0 |
| Diluted NI Availto Com Stockholders | 90.38 | 41.34 | 18.36 | 26.55 |
| Minority Interests | -2.50 | -0.83 | -0.84 | -0.32 |
| Net Income Including Noncontrolling Interests | 92.88 | 42.17 | 19.21 | 26.87 |
| Net Income Continuous Operations | 92.88 | 42.17 | 19.21 | 26.87 |
| Other Income Expense | 2.07 | 5.99 | 7.12 | 5.03 |
| Other Non Operating Income Expenses | 2.07 | 5.99 | 7.12 | 5.03 |
| Special Income Charges | 0 | 0 | 0 | 0 |
| Gain On Sale Of Ppe | 0 | 0 | 0 | 0 |
| Impairment Of Capital Assets | 0 | 0 | 0 | 0 |
| Restructuring And Mergern Acquisition | 0 | 0 | 0 | 0 |
| Net Non Operating Interest Income Expense | -0.52 | -0.50 | -0.49 | -0.51 |
| Interest Expense Non Operating | 0.52 | 0.50 | 0.49 | 0.51 |
| Operating Revenue | 744.21 | 664.39 | 653.38 | 671.31 |
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 | $600M | 23.15↑ premium | 1.18 | 5.2% | 11.34 |
| Bally's Corporation | BALY | $627M | - | 0.63 | -1837.3% | 22.78 |
| Beazer Homes USA, Inc. | BZH | $625M | 73.00 | 0.50 | 3.7% | 44.11 |
| Cannae Holdings, Inc. | CNNE | $621M | - | 0.61 | -51.8% | -7.30 |
| Microvast Holdings, Inc. | MVST | $601M | - |
| 1.46 |
| -7.1% |
| 11.90 |
| Ethan Allen Interiors Inc. | ETD | $570M | 11.06 | 1.18 | 10.7% | 7.30 |
| Karat Packaging Inc. | KRT | $568M | 18.23 | 3.80 | - | 11.91 |
| ThredUp Inc. | TDUP | $557M | - | 9.27 | -34.1% | -71.31 |
| Johnson Outdoors Inc. | JOUT | $545M | - | 1.30 | -8.2% | 20.50 |
| Peer Median | - | 18.23 | 1.24 | -8.2% | 11.91 | |