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NEW YORK STOCK EXCHANGE, INC. · Textiles, Apparel & Luxury Goods · CIK 0000072573
$32.28
-0.43% · live
Updated
$718.0M market value
From MOVADO GROUP INC's FY2026 10-K, filed Mar 19, 2026 · read the filing
It took in $671.3M last year, which makes it a smaller company. Of every dollar it sells, about 4 cents is left as profit.
The financial picture is led by debt, with profitability and growth worth watching.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
Financial health
Generally healthy, with a few things to watch.
From MOVADO GROUP INC's FY2026 annual filing · share price scored separately
Largest year-over-year changes in FY2026
Operating income
$20.0M → $29.8M
Profit
$18.4M → $26.6M
Free cash flow
-$9.5M → $53.4M
Earnings per share
$0.82 → $1.19
Measured against FY2025, from the 10-K filed Mar 19, 2026
Improved: +49.0%
$20.0M to $29.8MCritical
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: +44.6%
$18.4M to $26.6MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
How the latest move compares (quote live), and what was published around it
MOV fell 0.43% on the latest quote. The S&P 500 moved −1.04%. That is 0.6 points above the market.
No filing from MOV and no news item about it appeared in the last 3 days.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
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Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
The growth rate someone buying today is paying for, against what the company has delivered
At today's price, the market is paying for free cash flow to shrink by about 5% a year for the next 10 years. Over the last 10 years it shrank by about 2% a year.
The essentials
Each answered from the filings, with the numbers behind it.
Yes. It keeps about 4 cents of every dollar of sales as profit, earning $26.6M last year.
Barely. Sales were roughly flat, up 2.7%.
It does not appear so. For every $1 it owes, it owns $3.20 in assets.
Core operating and valuation reference metrics
Whether the dividend is covered by what the business actually earns
It paid out more than it earned — 117 cents for every dollar of profit. A payment above earnings has to be funded from somewhere else, so it is worth checking whether that can continue. It paid out 54% of the cash its operations generated. It has paid in each of the last 5 years.
WeakFigures from the FY2026 annual filing
Last year it earned $26.6M and generated $57.9M of cash from operations.
Reported annual figures
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY202610-K · Mar 19, 2026Filing for FY2026 | FY202510-K · Apr 16, 2025Filing for FY2025 | FY202410-K · Apr 16, 2025Filing for FY2024 | FY202310-K · Apr 16, 2025Filing for FY2023 | FY202210-K · Mar 24, 2022Filing for FY2022 | ChangeFY2026 vs FY2025 |
|---|---|---|---|---|---|---|
| RevenueWhat is this? | $671.3M | $653.4M | $664.4M | $744.2M | $732.4M | +2.7% |
| Cost of revenue | $307.7M | $300.2M | $300.2M | $315.1M | $313.3M | +2.5% |
| Gross profit | $363.6M | $353.1M | $364.2M | $429.1M | $419.1M | +3.0% |
| Gross marginGross profit ÷ revenueWhat is this? | 54.2% | 54.0% | 54.8% | 57.7% | 57.2% | +0.1 pts |
| Selling, general and administrative | $333.8M | $333.1M | $315.7M | $313.5M | $301.6M | +0.2% |
| Operating income | $29.8M | $20.0M | $48.5M | $115.6M | $117.5M | +49.0% |
| Operating marginOperating income ÷ revenueWhat is this? | 4.4% | 3.1% | 7.3% | 15.5% | 16.0% | +1.4 pts |
| Interest expense | $507.0K | $489.0K | $497.0K | $518.0K | $688.0K | +3.7% |
| Income before tax | $34.4M | $26.7M | $54.0M | $117.1M | $117.3M | +28.9% |
| Net income | $26.6M | $18.4M | $41.3M | $90.4M | $91.6M | +44.6% |
| Net marginNet income ÷ revenueWhat is this? | 4.0% | 2.8% | 6.2% | 12.1% | 12.5% | +1.1 pts |
| Earnings per shareNet income ÷ shares outstanding at the period end — close to, but not the same as, the reported EPSWhat is this? | $1.19 | $0.8247 | $1.86 | $4.02 | $3.95 | +44.7% |
† calculated from other reported figures, such as total liabilities as assets minus equity.
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Nothing recent
No insider trades, pending-sale notices or 5% stake filings from MOV in the last few months. That is the ordinary case, not a gap.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
20 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Reported another event
Read the filingQuarterly report for Q2 FY2027
Operating margin +6.3 pts · Operating income +271.3% · Profit +311.9% — against Q2 FY2026
Read the filingWrite down why you are following MOVADO GROUP INC, what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
Coverage from the last 30 days
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Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from MOV's 10-K for fiscal year 2026 (period ending 2026-01-31, filed Mar 19, 2026), reported under the US GAAP taxonomy. View the source filing.
3 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. Accounting had too few reported figures and is left out of the average rather than counted as a weakness, so a company is never marked down for a figure it did not publish. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 8 of the 9 Piotroski checks could be evaluated. How the score works
Each year scored only from its annual report as it was first filed
| Fiscal year | Health | F-Score | Scored from |
|---|---|---|---|
| FY2026 | 7.3 | 8/8 | 10-K, filed Mar 19, 2026 |
| FY2025 | 6.0 | 4/8 | 10-K, filed Apr 16, 2025 |
| FY2024 | 6.0 | 5/8 | 10-K, filed Apr 16, 2025 |
| FY2023 | 8.7 | 6/8 | 10-K, filed Apr 16, 2025 |
| FY2022 | 10.0 | 7/8 | 10-K, filed Mar 24, 2022 |
| FY2021 | 2.0 | 3/8 | 10-K, filed Mar 25, 2021 |
A later restatement never reaches back into an earlier year, and every year is scored without a share price, so the latest point can differ a little from the headline score, which uses today's price.
Every check behind the three models, and what each one tests
8 of 8 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's. One could not be evaluated and is excluded from the total rather than counted as a failure.
4.38
In the safe zone
For this model, above 2.99 is safe and below 1.81 is distress.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
not reported — This company has not reported enough of the required figures to calculate this score.
This company has not reported enough of the required figures to calculate this score.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2026 filing as filed with the SEC.
Improved: turned positive
-$9.5M to $53.4MCritical
Why it matters: Cash left after paying for the plant that produced it — the money genuinely available for dividends, buybacks or paying down debt. Harder to flatter than profit.
Improved: +44.7%
$0.82 to $1.19Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Changed: -43.4%
$8.0M to $4.5MCritical
Why it matters: Neither good nor bad on its own. Heavy spending is a company building capacity or a company struggling to stand still, and the two look identical in this figure.
Improved: +1.4 pts
3.1% to 4.4%Notable
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Improved: +1.1 pts
2.8% to 4.0%Notable
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Improved: +10.6%
$208.5M to $230.5MNotable
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Q2 FY2027 against Q2 FY2026, from the 10-Q filed Aug 26, 2026 — read it.
Improved: +271.3%
$4.0M to $14.9MCritical
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: +311.9%
$3.0M to $12.3MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: +310.8%
$0.13 to $0.55Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: +15.1%
$87.6M to $100.8MSignificant
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Improved: +5.3 pts
54.1% to 59.4%Significant
Why it matters: What survives each sale before overheads. Falling gross margin usually means the company is discounting or its input costs rose — it is the earliest place pricing pressure shows.
Improved: +6.3 pts
2.5% to 8.8%Significant
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Improved: +5.4 pts
1.8% to 7.2%Significant
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Improved: +17.2%
$180.5M to $211.6MSignificant
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Q2 FY2027 against Q1 FY2027, from the 10-Q filed Aug 26, 2026 — read it. Quarter-to-quarter moves include seasonal swings — a retailer's holiday quarter — which the year-earlier comparison removes.
Improved: +112.1%
$7.0M to $14.9MCritical
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: +77.5%
$6.9M to $12.3MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: +76.2%
$0.31 to $0.55Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: +19.2%
$142.4M to $169.8MSignificant
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +23.6%
$81.6M to $100.8MSignificant
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Improved: +3.8 pts
4.9% to 8.8%Significant
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Improved: +2.1 pts
57.3% to 59.4%Notable
Why it matters: What survives each sale before overheads. Falling gross margin usually means the company is discounting or its input costs rose — it is the earliest place pricing pressure shows.
Improved: +2.4 pts
4.9% to 7.2%Notable
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Deteriorated: -6.1%
$225.3M to $211.6MNotable
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
5 other measures barely moved. Figures compare the two most recent annual filings — read the latest one. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
Discounted at 8%–10% a year, with growth settling to 2.5% after 10 years. Those rates are ordinary choices, not measurements: across that range the assumed growth works out between -7% and -3%. This describes what the price implies — it is not a forecast, and not a view on whether the price is right.
Measured on and published about a week later — this is a fortnightly snapshot, not a live position.
About 5.1% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.
Collected by FINRA from broker-dealers twice a month. It counts positions, not intentions, and some of it is hedging rather than a directional bet against the company.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
The trailing P/E is 22.6x — investors pay $22.6 for each $1 of trailing profit.
This company has not reported enough of the required figures to calculate this score.
Published results
Signed a material agreement · Took on a direct financial obligation
Read the filingHeld a shareholder vote
Read the filingQuarterly report for Q1 FY2027
Revenue +8.1% · Operating margin +4.7 pts · Operating income +2310.7% — against Q1 FY2026
Read the filingPublished results
Read the filingProxy statement for a shareholder meeting
Read the filingSigned a material agreement
Read the filingAnnual report for FY2026
Operating margin +1.4 pts · Operating income +49.0% · Profit +44.6% — against FY2025
Read the filingPublished results
Read the filingQuarterly report for Q3 FY2026
Operating margin +3.0 pts · Operating income +94.3% · Profit +98.5% — against Q3 FY2026
Read the filingPublished results
Read the filingQuarterly report for Q2 FY2026
Operating income +51.7% · Profit -13.9% · Earnings per share -13.9% — against Q2 FY2026
Read the filingPublished results
Read the filingHeld a shareholder vote
Read the filingQuarterly report for Q1 FY2026
Operating margin −1.4 pts · Operating income -86.3% · Free cash flow $11.0M narrower — against Q1 FY2026
Read the filingPublished results
Read the filingProxy statement for a shareholder meeting
Read the filingAnnual report for FY2025
Operating margin −4.2 pts · Operating income -58.7% · Profit -55.6% — against FY2024
Read the filing1 Cash-Heavy Stock with Exciting Potential and 2 We Turn Down
Yahoo Finance ·
Primary sources and further research