MOV MOVADO GROUP INC

Overview and Growth

In fiscal 2026, MOVADO GROUP INC recorded $671.31M of revenue, net income of $26.55M, and an operating cash inflow of $57.92M. Revenue of $671.31M sets the scale for evaluating how effectively sales translated into profit and cash during the year. Compared with $653.38M in fiscal 2025, revenue recorded a 2.7% year-over-year increase. The company reported diluted EPS of $1.17, adding a shareholder-level measure to the absolute income figures considered below. The per-share result recorded a 44.4% increase from fiscal 2025 diluted EPS of $0.81. The revenue-to-assets relationship was 0.9x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

Gross profit was $363.60M, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. Gross profit represented 54.2% of revenue, showing how much of the top line remained after direct costs. Operating income was $29.83M, the earnings remaining from reported operations after the company’s recognized operating cost structure. The operating result equaled 4.4% of revenue, placing the absolute operating-income figure in the context of the company’s sales base. The bottom-line result was net income of $26.55M, after the operating, financing, tax, and other items recognized for the period. The final earnings result represented 4.0% of revenue, connecting the absolute net income figure with the company’s top-line scale. Before income taxes, the company reported $34.35M of earnings, providing a bridge between the operating result and final net income. Measured against revenue, pretax income equaled 5.1%, adding a pre-tax profitability layer between revenue and net income. The company recognized $7.49M of income tax for the period, completing the transition from pretax income to net income. The income-tax provision equaled 21.8% of pretax income, showing the tax burden absorbed by the year’s earnings. Net income equaled 5.2% of period-end equity, showing the earnings generated on shareholders’ book capital. The net-income-to-assets relationship measured 3.6%, showing earnings relative to the full balance sheet.

Liquidity and Capital Structure

The company held $742.62M of assets against $232.36M of liabilities and $510.26M of equity, revealing how the asset base was financed. Current assets were $517.24M against $113.05M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. At 4.58x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. Cash and equivalents totaled $230.54M, identifying the most liquid reported component available within the broader current-asset balance. Cash and equivalents represented 203.9% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. The liabilities-to-assets relationship was 31.3%, placing reported obligations against the full positive asset balance. Cash and equivalents equaled 31.0% of total assets, showing the liquid cash component within the company’s broader resource base. Compared with $729.23M in fiscal 2025, the current asset base moved 1.8% and finished higher.

Cash Flow and Earnings Quality

Cash flow from operations was $57.92M, a reported cash inflow that can be compared directly with net income and capital spending. Operating cash flow equaled 2.18x of net income, showing how strongly accounting earnings converted into cash from operations. Capital expenditures used $4.51M, identifying the reported investment outflow deducted from operating cash flow in the free-cash-flow calculation. Capital spending absorbed 7.8% of operating cash flow, quantifying the share of cash from operations directed to investment. Free cash flow came to $53.41M, leaving a positive amount after capital expenditures. Relative to revenue, free cash flow equaled 8.0%, showing how much sales converted into cash after investment. Measured against total assets, free cash flow represented 7.2%, showing the cash productivity of the company’s assets.

Based on the annual report for the fiscal year ending Jan 31, 2026. Analysis generated Sep 24, 2026.