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Side-by-side financial comparison of Artisan Partners Asset Management Inc. (APAM) and MOVADO GROUP INC (MOV). Click either name above to swap in a different company.
Artisan Partners Asset Management Inc. is the larger business by last-quarter revenue ($335.5M vs $186.1M, roughly 1.8× MOVADO GROUP INC). Artisan Partners Asset Management Inc. runs the higher net margin — 35.2% vs 5.1%, a 30.0% gap on every dollar of revenue. On growth, Artisan Partners Asset Management Inc. posted the faster year-over-year revenue change (12.9% vs 1.9%). Artisan Partners Asset Management Inc. produced more free cash flow last quarter ($171.6M vs $11.6M). Over the past eight quarters, Artisan Partners Asset Management Inc.'s revenue compounded faster (12.7% CAGR vs 2.9%).
Artisan Partners is an American asset management company headquartered in Milwaukee, Wisconsin. Outside the United States, the company has offices in Dublin, Hong Kong, London, Singapore and Sydney.
Movado is a luxury American watch brand originally founded in 1881 in Switzerland. Movado means "movement" in Esperanto. The watches are known for their signature metallic dot at 12 o'clock and minimalist style; the company is best known for its Museum Watch.
APAM vs MOV — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $335.5M | $186.1M |
| Net Profit | $118.1M | $9.6M |
| Gross Margin | — | 54.3% |
| Operating Margin | 39.2% | 6.3% |
| Net Margin | 35.2% | 5.1% |
| Revenue YoY | 12.9% | 1.9% |
| Net Profit YoY | 34.9% | 89.8% |
| EPS (diluted) | $1.36 | $0.42 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $335.5M | $186.1M | ||
| Q3 25 | $301.3M | $161.8M | ||
| Q2 25 | $282.7M | $131.8M | ||
| Q1 25 | $277.1M | $181.5M | ||
| Q4 24 | $297.1M | $180.5M | ||
| Q3 24 | $279.6M | $157.0M | ||
| Q2 24 | $270.8M | $134.4M | ||
| Q1 24 | $264.4M | $175.8M |
| Q4 25 | $118.1M | $9.6M | ||
| Q3 25 | $66.8M | $3.0M | ||
| Q2 25 | $67.6M | $1.4M | ||
| Q1 25 | $61.1M | $8.1M | ||
| Q4 24 | $87.5M | $4.8M | ||
| Q3 24 | $73.0M | $3.5M | ||
| Q2 24 | $57.6M | $2.0M | ||
| Q1 24 | $59.5M | $9.8M |
| Q4 25 | — | 54.3% | ||
| Q3 25 | — | 54.1% | ||
| Q2 25 | — | 54.1% | ||
| Q1 25 | — | 54.2% | ||
| Q4 24 | — | 53.5% | ||
| Q3 24 | — | 54.3% | ||
| Q2 24 | — | 54.3% | ||
| Q1 24 | — | 53.5% |
| Q4 25 | 39.2% | 6.3% | ||
| Q3 25 | 33.8% | 2.5% | ||
| Q2 25 | 28.2% | 0.2% | ||
| Q1 25 | 31.2% | 5.1% | ||
| Q4 24 | 36.7% | 3.3% | ||
| Q3 24 | 33.3% | 1.7% | ||
| Q2 24 | 32.0% | 1.6% | ||
| Q1 24 | 29.4% | 6.1% |
| Q4 25 | 35.2% | 5.1% | ||
| Q3 25 | 22.2% | 1.8% | ||
| Q2 25 | 23.9% | 1.1% | ||
| Q1 25 | 22.1% | 4.4% | ||
| Q4 24 | 29.5% | 2.7% | ||
| Q3 24 | 26.1% | 2.2% | ||
| Q2 24 | 21.3% | 1.5% | ||
| Q1 24 | 22.5% | 5.6% |
| Q4 25 | $1.36 | $0.42 | ||
| Q3 25 | $0.93 | $0.13 | ||
| Q2 25 | $0.94 | $0.06 | ||
| Q1 25 | $0.82 | $0.36 | ||
| Q4 24 | $0.99 | $0.21 | ||
| Q3 24 | $1.03 | $0.15 | ||
| Q2 24 | $0.80 | $0.09 | ||
| Q1 24 | $0.84 | $0.44 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $183.9M |
| Total DebtLower is stronger | $190.0M | — |
| Stockholders' EquityBook value | $438.8M | $497.5M |
| Total Assets | $1.6B | $751.9M |
| Debt / EquityLower = less leverage | 0.43× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $183.9M | ||
| Q3 25 | — | $180.5M | ||
| Q2 25 | — | $203.1M | ||
| Q1 25 | — | $208.5M | ||
| Q4 24 | — | $181.5M | ||
| Q3 24 | — | $198.3M | ||
| Q2 24 | — | $225.4M | ||
| Q1 24 | — | $262.1M |
| Q4 25 | $190.0M | — | ||
| Q3 25 | $190.0M | — | ||
| Q2 25 | $200.0M | — | ||
| Q1 25 | $200.0M | — | ||
| Q4 24 | $200.0M | — | ||
| Q3 24 | $200.0M | — | ||
| Q2 24 | $200.0M | — | ||
| Q1 24 | $200.0M | — |
| Q4 25 | $438.8M | $497.5M | ||
| Q3 25 | $402.1M | $489.9M | ||
| Q2 25 | $381.8M | $493.2M | ||
| Q1 25 | $356.5M | $481.3M | ||
| Q4 24 | $388.9M | $491.3M | ||
| Q3 24 | $372.1M | $492.0M | ||
| Q2 24 | $341.2M | $489.6M | ||
| Q1 24 | $320.3M | $505.9M |
| Q4 25 | $1.6B | $751.9M | ||
| Q3 25 | $1.6B | $748.7M | ||
| Q2 25 | $1.4B | $747.2M | ||
| Q1 25 | $1.4B | $729.2M | ||
| Q4 24 | $1.6B | $747.2M | ||
| Q3 24 | $1.6B | $742.5M | ||
| Q2 24 | $1.5B | $736.0M | ||
| Q1 24 | $1.5B | $756.5M |
| Q4 25 | 0.43× | — | ||
| Q3 25 | 0.47× | — | ||
| Q2 25 | 0.52× | — | ||
| Q1 25 | 0.56× | — | ||
| Q4 24 | 0.51× | — | ||
| Q3 24 | 0.54× | — | ||
| Q2 24 | 0.59× | — | ||
| Q1 24 | 0.62× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $172.0M | $12.3M |
| Free Cash FlowOCF − Capex | $171.6M | $11.6M |
| FCF MarginFCF / Revenue | 51.2% | 6.2% |
| Capex IntensityCapex / Revenue | 0.1% | 0.4% |
| Cash ConversionOCF / Net Profit | 1.46× | 1.28× |
| TTM Free Cash FlowTrailing 4 quarters | $420.6M | $35.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $172.0M | $12.3M | ||
| Q3 25 | $40.4M | $-3.8M | ||
| Q2 25 | $50.9M | $-7.2M | ||
| Q1 25 | $157.9M | $39.1M | ||
| Q4 24 | $372.8M | $-4.7M | ||
| Q3 24 | $112.8M | $-17.8M | ||
| Q2 24 | $75.9M | $-18.1M | ||
| Q1 24 | $147.0M | $69.4M |
| Q4 25 | $171.6M | $11.6M | ||
| Q3 25 | $40.4M | $-5.1M | ||
| Q2 25 | $50.9M | $-8.7M | ||
| Q1 25 | $157.7M | $37.5M | ||
| Q4 24 | $371.3M | $-7.2M | ||
| Q3 24 | $112.4M | $-20.1M | ||
| Q2 24 | $75.2M | $-19.7M | ||
| Q1 24 | $146.9M | $67.8M |
| Q4 25 | 51.2% | 6.2% | ||
| Q3 25 | 13.4% | -3.1% | ||
| Q2 25 | 18.0% | -6.6% | ||
| Q1 25 | 56.9% | 20.7% | ||
| Q4 24 | 125.0% | -4.0% | ||
| Q3 24 | 40.2% | -12.8% | ||
| Q2 24 | 27.8% | -14.7% | ||
| Q1 24 | 55.6% | 38.6% |
| Q4 25 | 0.1% | 0.4% | ||
| Q3 25 | 0.0% | 0.8% | ||
| Q2 25 | 0.0% | 1.2% | ||
| Q1 25 | 0.1% | 0.9% | ||
| Q4 24 | 0.5% | 1.4% | ||
| Q3 24 | 0.1% | 1.5% | ||
| Q2 24 | 0.2% | 1.2% | ||
| Q1 24 | 0.0% | 0.9% |
| Q4 25 | 1.46× | 1.28× | ||
| Q3 25 | 0.60× | -1.27× | ||
| Q2 25 | 0.75× | -5.08× | ||
| Q1 25 | 2.58× | 4.86× | ||
| Q4 24 | 4.26× | -0.98× | ||
| Q3 24 | 1.54× | -5.14× | ||
| Q2 24 | 1.32× | -8.97× | ||
| Q1 24 | 2.47× | 7.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APAM
Segment breakdown not available.
MOV
| Other | $81.4M | 44% |
| Owned Brands Category | $46.0M | 25% |
| Sales Channel Directly To Consumer | $35.3M | 19% |
| Company Stores | $23.4M | 13% |
