Friday 6 November 2026
Export MOV’s income statement to Excel — free account
Movado Group Inc.
MOV Consumer Cyclical Luxury Goods
Movado Group Inc.’s revenue for fiscal 2026 (year ended January 2026) was $671.3 million, up 2.74% from fiscal 2025.
- Revenue
- +4.90%
- EPS
- +307.7%
- Free cash flow
- +67.9%
Quarter to July 2026, against a year earlier
31.26
1.55
−4.72%
Follow MOV
Alert me
Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to January
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | TTM Jul ’26 | Trend | 10 yrs | 2027e | 2028e | 2029e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 553 | 568 | 680 | 701 | 506 | 732 | 744 | 664 | 653 | 671 | 690 | +2.2% | 708 | 739 | — | +4.9% | |
| Gross margin, % | 53.34 | 52.48 | 54.35 | 53.48 | 53.42 | 57.22 | 57.66 | 54.81 | 54.05 | 54.16 | 56.11 | +0.8 pt | ||||||
| EBT | 51 | 42 | 62 | 58 | (142) | 117 | 117 | 54 | 27 | 34 | 52 | (4.4%) | ||||||
| EBT margin, % | 9.31 | 7.42 | 9.08 | 8.20 | (28.12) | 16.02 | 15.74 | 8.12 | 4.08 | 5.12 | 7.57 | (4.2) pt | ||||||
| Net income | 35 | (15) | 62 | 42 | (111) | 93 | 93 | 42 | 19 | 27 | 42 | (2.9%) | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 23.96 | 24.62 | 29.30 | 30.31 | 21.79 | 31.58 | 33.07 | 29.90 | 29.34 | 30.18 | 30.87 | +2.6% | |||||
| Earnings | 1.51 | (0.66) | 2.61 | 1.83 | (4.80) | 3.87 | 4.12 | 1.86 | 0.81 | 1.17 | 1.80 | (2.8%) | ||||||
| Cash flow | 2.52 | 2.37 | 3.71 | 1.39 | 2.94 | 5.64 | 2.41 | 3.46 | (0.07) | 2.60 | 3.38 | +0.4% | ||||||
| Capex | (0.27) | (0.28) | (0.48) | (0.55) | (0.08) | (0.26) | (0.32) | (0.38) | (0.36) | (0.21) | (0.19) | (2.8%) | ||||||
| Free cash flow | 2.25 | 2.10 | 3.24 | 0.84 | 2.86 | 5.38 | 2.09 | 3.08 | (0.43) | 2.40 | 3.19 | +0.7% | ||||||
| Book value | 20.55 | 20.38 | 21.41 | 22.80 | 18.39 | 20.47 | 22.69 | 22.86 | 21.72 | 22.94 | 22.70 | +1.2% | ||||||
| Shares, m | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 22 | 22 | 22 | 22 | (0.4%) | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 18.10 | 0.00 | 12.19 | 9.41 | 0.00 | 9.55 | 8.58 | 14.93 | 22.87 | 20.44 | 17.37 | 11.6 | |||||
| P/S | 1.13 | 1.24 | 1.09 | 0.57 | 0.99 | 1.17 | 1.07 | 0.92 | 0.65 | 0.79 | 1.01 | 1.0 | ||||||
| P/B | 1.32 | 1.50 | 1.49 | 0.76 | 1.18 | 1.81 | 1.56 | 1.21 | 0.88 | 1.03 | 1.38 | 1.3 | ||||||
| EV/Sales | 0.71 | 0.91 | 0.89 | 0.38 | 0.59 | 0.81 | 0.74 | 0.54 | 0.35 | 0.46 | 0.72 | 0.6 | ||||||
| EV/FCF | 7.61 | 10.68 | 8.02 | 13.66 | 4.50 | 4.75 | 11.78 | 5.27 | (23.73) | 5.76 | 6.97 | 4.8 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 58 | 55 | 86 | 32 | 68 | 131 | 54 | 77 | (2) | 58 | 75 | 0.0% | |||||
| Capex | (6) | (6) | (11) | (13) | (2) | (6) | (7) | (8) | (8) | (5) | (4) | (3.2%) | ||||||
| Free cash flow | 52 | 48 | 75 | 19 | 67 | 125 | 47 | 68 | (10) | 53 | 71 | +0.3% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 433 | 381 | 355 | 355 | 374 | 402 | 425 | 420 | 377 | 404 | 403 | (0.8%) | |||||
| Net debt | (231) | (215) | (140) | (134) | (203) | (277) | (252) | (262) | (209) | (231) | (212) | 0.0% | ||||||
| Shareholders’ equity | 474 | 470 | 497 | 527 | 427 | 475 | 511 | 508 | 484 | 510 | 507 | +0.8% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 5.88 | (2.43) | 8.77 | 5.31 | (14.24) | 12.37 | 11.67 | 5.35 | 2.47 | 3.61 | 5.55 | (2.3) pt | |||||
| ROIC | 13.90 | 10.57 | 10.89 | 6.83 | (39.52) | 37.15 | 27.90 | 12.32 | 4.55 | 6.66 | 10.03 | (7.2) pt | ||||||
| ROE | 7.66 | (3.22) | 12.75 | 8.34 | (23.36) | 20.31 | 18.35 | 8.12 | 3.70 | 5.34 | 8.28 | (2.3) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 1,100 | 1,000 | 1,140 | 1,145 | 1,206 | 268 | 1,457 | 1,548 | 1,456 | 1,386 | — | +2.6% | |||||
| Revenue/emp, $m | 0.50 | 0.57 | 0.60 | 0.61 | 0.42 | 2.73 | 0.51 | 0.43 | 0.45 | 0.48 | — | (0.4%) | ||||||
Negative figures in brackets.
estimates
Fiscal years to Jan 2026 · latest quarter Jul 2026 · fundamentals updated 25 Oct 2026
Movado Group Inc. vs peers in Luxury Goods (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| SIG Signet Jewelers Limited | $4.6B | 13.9× | 11.8× | −0.46% (below 0%: shrinking) | n/m | −50.56% (below 0%: shrinking) | 39.42% | 5.73% | Compare |
| CPRI Capri Holdings Limited | $2.2B | 11.9× | 9.0× | −5.49% (below 0%: shrinking) | n/m | +155.38% (above 0%: growing) | 63.29% | 1.24% | Compare |
| REAL The RealReal, Inc. | $1.6B | — (loss-making) | 111× | +18.75% (above 0%: growing) | n/m | −17.86% (below 0%: shrinking) | 74.91% | 0.71% | Compare |
| LUXE LuxExperience B.V. - Sponsored ADR | $1.4B | — (loss-making) | — (loss-making) | +17.13% (above 0%: growing) | n/m | +115.02% (above 0%: growing) | 48.18% | (5.10%) | Compare |
| MOV Movado Group Inc. | $497.7M | 17.4× | 16.1× | +4.90% (above 0%: growing) | +307.69% (above 0%: growing) | +67.92% (above 0%: growing) | 59.40% | 8.76% | |
| ELA Envela Corporation | $280.7M | 12.6× | 15.1× | +3.46% (above 0%: growing) | +45.45% (above 0%: growing) | +136.50% (above 0%: growing) | 23.56% | 8.99% | Compare |
| BRLT Brilliant Earth Group, Inc. | $149.7M | — (loss-making) | — (loss-making) | +2.32% (above 0%: growing) | n/m | +130,800.00% (above 0%: growing) | 59.72% | 1.70% | Compare |
| LANV Lanvin Group Holdings Limited | $93.3M | — (loss-making) | — (loss-making) | — | −6,211.67% (below 0%: shrinking) | +34.01% (above 0%: growing) | 56.34% | 0.00% | Compare |
| SORA AsiaStrategy | $57.9M | — | — | — | — | — | — | — | Compare |
| Median of peers | $845.3M | 12.6× | 13.5× | +2.89% | — | +115.02% | 56.34% | 1.24% |
Pay and ownership Proxy statement filed 6 May 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2026 | 5.23m | 7.27m | 148.82 |
| 2025 | 5.18m | 2.57m | 114.84 |
| 2024 | 5.09m | 2.57m | 155.72 |
| 2023 | 5.06m | 4.26m | 182.94 |
| 2022 | 7.21m | 11.63m | 184.09 |
Ownership
Directors and executive officers, together
71.39% of the votes
Efraim Grinberg
66.81% of the votes
Alexander Grinberg
4.90% of the votes
BlackRock Inc.
1.39% of the votes
Royce & Associates, LP
1.30% of the votes
Dimensional Fund Advisors LP
1.06% of the votes
Goldman Sachs Asset Management, L.P.
1.05% of the votes
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement