MOVNYSEWatches, Clocks, Clockwork Operated Devices/PartsFiscal year ends January 31Also trades as MOVAA
MOVADO GROUP INC
Financials through Q2 FY2027, quarter ended Jul 31, 2026Last filing: 10-Q on Aug 26, 2026
$32.79−0.05 (-0.15%)
Close on Oct 19, 2026
- Market cap
- $756.96M
- P/E (TTM)
- 18.2
- Dividend yield
- 4.27%
Margins
Share of revenue, fiscal years 2012 to 2026
Gross margin
54.2%+0.7 pts over 5 years
Operating margin
4.4%+32.5 pts over 5 years
Net margin
4.0%+26.0 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +2.7% | -3.4% | +5.8% | +1.2% | |
| Gross profit | +3.0% | -5.4% | +6.1% | +1.4% | |
| Operating income | +49.0% | -36.3% | – | -8.2% | |
| Net income | +44.6% | -33.5% | – | -5.2% | |
| EPS, diluted | +44.4% | -33.3% | – | -4.7% | |
| Free cash flow | – | +4.2% | -4.0% | -2.2% | |
| Dividend per share | 0.0% | 0.0% | – | +12.3% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | 7.7% | -23.4% | 5.4% | |
| Return on assets | 5.9% | -14.2% | 3.6% | |
| Current ratio | 7.07 | 3.93 | 4.58 | |
| Interest coverage | 36.9× | -72.6× | 58.8× | |
| Inventory turnover | 1.6× | 1.5× | 2.0× | |
| Capex to revenue | 1.1% | 0.6% | 0.7% | |
| Diluted shares | 23M | 23M | 23M |
Where the cash went
Fiscal 2022 to 2026, five years combined
Movado generated $321.36M from operations and spent $265.70M on capital expenditure, dividends and share buybacks. 13% of that went back into the business.
Generated
$321.36M
Used
$265.70M
Capital expenditure$33.44M13%Dividends$168.60M63%Share buybacks$63.66M24%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin4.0%
×Asset turnover0.91×
×Equity multiplier1.49×
=Return on equity, FY20265.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 4.0% | 0.91× | 1.49× | 5.4% |
| FY2025 | 2.8% | 0.88× | 1.50× | 3.7% |
| FY2024 | 6.2% | 0.86× | 1.52× | 8.2% |
| FY2023 | 12.1% | 0.96× | 1.58× | 18.4% |
| FY2022 | 12.5% | 0.99× | 1.65× | 20.4% |
| FY2021 | -22.0% | 0.65× | 1.65× | -23.4% |
| FY2020 | 6.1% | 0.87× | 1.57× | 8.3% |
| FY2019 | 9.1% | 0.97× | 1.45× | 12.7% |
| FY2018 | -2.7% | 0.91× | 1.33× | -3.2% |
| FY2017 | 6.3% | 0.93× | 1.30× | 7.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
7of 8 tests passed in fiscal 2026. Some tests lack the figures they need.
- ProfitableNet income above zero$26.55M
- Cash generatingOperating cash flow above zero$57.92M
- Return on assets improvedROA up on the prior year2.4% → 3.6%
- Earnings backed by cashOperating cash flow above net income$57.92M vs $26.55M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose4.34 → 4.58
- No dilutionShare count did not rise23M → 23M
- Gross margin improvedGross margin up on the prior year54.05% → 54.16%
- More efficientAsset turnover rose0.86 → 0.92