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MOVADO GROUP INC

MOV Clue Score50
United States Fiscal year ends January CIK 0000072573
$31.57 -1.31% Close, 9 Oct 2026
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Price $31.57 −0.82% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 13 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue552.8Operating income54.0Net income35.1EPS, diluted1.51Fiscal year 2018Revenue568.0 +2.8%Operating income43.2Net income−15.2 −143.4%EPS, diluted−0.66 −143.7%Fiscal year 2019Revenue679.6 +19.7%Operating income62.2Net income61.6EPS, diluted2.61Fiscal year 2020Revenue701.0 +3.1%Operating income43.0Net income42.7 −30.7%EPS, diluted1.83 −29.9%Fiscal year 2021Revenue506.4 −27.8%Operating income−142.1Net income−111.5 −361.2%EPS, diluted−4.80 −362.3%Fiscal year 2022Revenue732.4 +44.6%Operating income117.5Net income91.6EPS, diluted3.87Fiscal year 2023Revenue744.2 +1.6%Operating income115.6Net income90.4 −1.3%EPS, diluted3.94 +1.8%Fiscal year 2024Revenue664.4 −10.7%Operating income48.5Net income41.3 −54.3%EPS, diluted1.83 −53.6%Fiscal year 2025Revenue653.4 −1.7%Operating income20.0Net income18.4 −55.6%EPS, diluted0.81 −55.7%Fiscal year 2026Revenue671.3 +2.7%Operating income29.8Net income26.6 +44.6%EPS, diluted1.17 +44.4%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue 552.8 568.0 679.6 701.0 506.4 732.4 744.2 664.4 653.4 671.3
Growth +2.8% +19.7% +3.1% −27.8% +44.6% +1.6% −10.7% −1.7% +2.7%
Operating income 54.0 43.2 62.2 43.0 −142.1 117.5 115.6 48.5 20.0 29.8
Net income 35.1 −15.2 61.6 42.7 −111.5 91.6 90.4 41.3 18.4 26.6
Growth −143.4% −30.7% −361.2% −1.3% −54.3% −55.6% +44.6%
EPS, diluted 1.51 −0.66 2.61 1.83 −4.80 3.87 3.94 1.83 0.81 1.17
Growth −143.7% −29.9% −362.3% +1.8% −53.6% −55.7% +44.4%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin53.3%Operating margin9.8%Net margin6.3%Free cash flow margin9.4%Fiscal year 2018Gross margin52.5%Operating margin7.6%Net margin−2.7%Free cash flow margin8.6%Fiscal year 2019Gross margin54.4%Operating margin9.2%Net margin9.1%Free cash flow margin11.1%Fiscal year 2020Gross margin53.5%Operating margin6.1%Net margin6.1%Free cash flow margin2.8%Fiscal year 2021Gross margin53.4%Operating margin−28.1%Net margin−22.0%Free cash flow margin12.9%Fiscal year 2022Gross margin57.2%Operating margin16.0%Net margin12.5%Free cash flow margin17.1%Fiscal year 2023Gross margin57.7%Operating margin15.5%Net margin12.1%Free cash flow margin6.3%Fiscal year 2024Gross margin54.8%Operating margin7.3%Net margin6.2%Free cash flow margin10.3%Fiscal year 2025Gross margin54.0%Operating margin3.1%Net margin2.8%Free cash flow margin−1.4%Fiscal year 2026Gross margin54.2%Operating margin4.4%Net margin4.0%Free cash flow margin8.0%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
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%
Net margin 6.3% −2.7% 9.1% 6.1% −22.0% 12.5% 12.1% 6.2% 2.8% 4.0%
Free cash flow margin 9.4% 8.6% 11.1% 2.8% 12.9% 17.1% 6.3% 10.3% −1.4% 8.0%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow58.2Capital expenditure−5.9Free cash flow52.2Buybacks−3.9Dividends paid−11.9Fiscal year 2018Operating cash flow54.7Capital expenditure−5.8Free cash flow48.9 −6.4%Buybacks−3.6Dividends paid−11.9Fiscal year 2019Operating cash flow86.2Capital expenditure−10.6Free cash flow75.5 +54.4%Buybacks−7.4Dividends paid−18.5Fiscal year 2020Operating cash flow32.1Capital expenditure−12.7Free cash flow19.4 −74.4%Buybacks−4.2Dividends paid−18.4Fiscal year 2021Operating cash flow68.4Capital expenditure−3.0Free cash flow65.4 +237.8%Buybacks0.0Dividends paid0.0Fiscal year 2022Operating cash flow130.8Capital expenditure−5.7Free cash flow125.2 +91.4%Buybacks−22.6Dividends paid−22.0Fiscal year 2023Operating cash flow54.3Capital expenditure−7.1Free cash flow47.3 −62.2%Buybacks−31.4Dividends paid−31.4Fiscal year 2024Operating cash flow76.8Capital expenditure−8.2Free cash flow68.6 +45.1%Buybacks−3.1Dividends paid−53.1Fiscal year 2025Operating cash flow−1.5Capital expenditure−8.0Free cash flow−9.5 −113.8%Buybacks−2.6Dividends paid−31.1Fiscal year 2026Operating cash flow57.9Capital expenditure−4.5Free cash flow53.4Buybacks−3.9Dividends paid−31.1
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow 58.2 54.7 86.2 32.1 68.4 130.8 54.3 76.8 −1.5 57.9
Capital expenditure −5.9 −5.8 −10.6 −12.7 −3.0 −5.7 −7.1 −8.2 −8.0 −4.5
Free cash flow 52.2 48.9 75.5 19.4 65.4 125.2 47.3 68.6 −9.5 53.4
Growth −6.4% +54.4% −74.4% +237.8% +91.4% −62.2% +45.1% −113.8%
Buybacks −3.9 −3.6 −7.4 −4.2 0.0 −22.6 −31.4 −3.1 −2.6 −3.9
Dividends paid −11.9 −11.9 −18.5 −18.4 0.0 −22.0 −31.4 −53.1 −31.1 −31.1

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2017Cash256.3Shareholders’ equity474.0Fiscal year 2018Cash214.8Shareholders’ equity470.3Fiscal year 2019Cash189.9Shareholders’ equity496.7Fiscal year 2020Cash185.9Shareholders’ equity526.5Fiscal year 2021Cash223.8Shareholders’ equity425.3Fiscal year 2022Cash277.1Shareholders’ equity472.8Fiscal year 2023Cash251.6Shareholders’ equity507.6Fiscal year 2024Cash262.1Shareholders’ equity505.9Fiscal year 2025Cash208.5Shareholders’ equity481.3Fiscal year 2026Cash230.5Shareholders’ equity508.8
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash 256.3 214.8 189.9 185.9 223.8 277.1 251.6 262.1 208.5 230.5
Shareholders’ equity 474.0 470.3 496.7 526.5 425.3 472.8 507.6 505.9 481.3 508.8

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending January, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 31 Jan 2017 FY2018 31 Jan 2018 FY2019 31 Jan 2019 FY2020 31 Jan 2020 FY2021 31 Jan 2021 FY2022 31 Jan 2022 FY2023 31 Jan 2023 FY2024 31 Jan 2024 FY2025 31 Jan 2025 FY2026 31 Jan 2026
Revenue and profit
552.8 568.0 679.6 701.0 506.4 732.4 744.2 664.4 653.4 671.3
Growth +2.8% +19.7% +3.1% −27.8% +44.6% +1.6% −10.7% −1.7% +2.7%
257.9 269.9 310.2 326.1 235.9 313.3 315.1 300.2 300.2 307.7
294.8 298.1 369.4 374.9 270.5 419.1 429.1 364.2 353.1 363.6
Growth +1.1% +23.9% +1.5% −27.8% +54.9% +2.4% −15.1% −3.0% +3.0%
240.8 254.9 307.2 331.9 256.7 301.6 313.5 315.7 333.1 333.8
54.0 43.2 62.2 43.0 −142.1 117.5 115.6 48.5 20.0 29.8
Growth −20.0% +44.0% −30.9% −430.6% −1.6% −58.1% −58.7% +49.0%
51.5 42.1 61.7 57.5 −142.4 117.3 117.1 54.0 26.7 34.4
16.3 57.4 0.2 15.1 −31.2 24.8 24.3 11.8 7.4 7.5
35.1 −15.2 61.6 42.7 −111.5 91.6 90.4 41.3 18.4 26.6
Growth −143.4% −30.7% −361.2% −1.3% −54.3% −55.6% +44.6%
Per share
1.52 −0.66 2.66 1.85 −4.80 3.95 4.02 1.86 0.82 1.19
1.51 −0.66 2.61 1.83 −4.80 3.87 3.94 1.83 0.81 1.17
Growth −143.7% −29.9% −362.3% +1.8% −53.6% −55.7% +44.4%
23.1 23.1 23.2 23.1 23.2 23.2 22.5 22.2 22.3 22.2
23.3 23.1 23.6 23.3 23.2 23.7 23.0 22.6 22.6 22.6
Growth −0.8% +2.3% −1.3% −0.2% +1.9% −3.1% −1.4% −0.2% +0.0%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 5.8% a year over five years.
  • The diluted share count fell 2.7% in five years, so buybacks did some of the work per share.
  • Operating margin is up 32.5 points on five years ago, at 4.4%.
  • A net loss in 2 of 10 years on file.