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Side-by-side financial comparison of APOGEE ENTERPRISES, INC. (APOG) and MOVADO GROUP INC (MOV). Click either name above to swap in a different company.
APOGEE ENTERPRISES, INC. is the larger business by last-quarter revenue ($351.4M vs $186.1M, roughly 1.9× MOVADO GROUP INC). MOVADO GROUP INC runs the higher net margin — 5.1% vs 4.7%, a 0.4% gap on every dollar of revenue. On growth, MOVADO GROUP INC posted the faster year-over-year revenue change (1.9% vs 1.6%). Over the past eight quarters, APOGEE ENTERPRISES, INC.'s revenue compounded faster (2.9% CAGR vs 2.9%).
Apogee Electronics is an American manufacturer of audio interfaces, analog-to-digital and digital-to-analog converters, USB & iOS microphones, and audio production software.
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.
APOG vs MOV — Head-to-Head
Income Statement — Q4 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $351.4M | $186.1M |
| Net Profit | $16.6M | $9.6M |
| Gross Margin | 22.4% | 54.3% |
| Operating Margin | 7.3% | 6.3% |
| Net Margin | 4.7% | 5.1% |
| Revenue YoY | 1.6% | 1.9% |
| Net Profit YoY | 568.8% | 89.8% |
| EPS (diluted) | $0.78 | $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.
| Q1 26 | $351.4M | — | ||
| Q4 25 | $348.6M | $186.1M | ||
| Q3 25 | $358.2M | $161.8M | ||
| Q2 25 | $346.6M | $131.8M | ||
| Q1 25 | $345.7M | $181.5M | ||
| Q4 24 | $341.3M | $180.5M | ||
| Q3 24 | $342.4M | $157.0M | ||
| Q2 24 | $331.5M | $134.4M |
| Q1 26 | $16.6M | — | ||
| Q4 25 | $16.5M | $9.6M | ||
| Q3 25 | $23.6M | $3.0M | ||
| Q2 25 | $-2.7M | $1.4M | ||
| Q1 25 | $2.5M | $8.1M | ||
| Q4 24 | $21.0M | $4.8M | ||
| Q3 24 | $30.6M | $3.5M | ||
| Q2 24 | $31.0M | $2.0M |
| Q1 26 | 22.4% | — | ||
| Q4 25 | 23.8% | 54.3% | ||
| Q3 25 | 23.1% | 54.1% | ||
| Q2 25 | 21.7% | 54.1% | ||
| Q1 25 | 21.6% | 54.2% | ||
| Q4 24 | 26.1% | 53.5% | ||
| Q3 24 | 28.4% | 54.3% | ||
| Q2 24 | 29.8% | 54.3% |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.1% | 6.3% | ||
| Q3 25 | 7.5% | 2.5% | ||
| Q2 25 | 2.0% | 0.2% | ||
| Q1 25 | 1.8% | 5.1% | ||
| Q4 24 | 8.4% | 3.3% | ||
| Q3 24 | 12.3% | 1.7% | ||
| Q2 24 | 12.5% | 1.6% |
| Q1 26 | 4.7% | — | ||
| Q4 25 | 4.7% | 5.1% | ||
| Q3 25 | 6.6% | 1.8% | ||
| Q2 25 | -0.8% | 1.1% | ||
| Q1 25 | 0.7% | 4.4% | ||
| Q4 24 | 6.1% | 2.7% | ||
| Q3 24 | 8.9% | 2.2% | ||
| Q2 24 | 9.4% | 1.5% |
| Q1 26 | $0.78 | — | ||
| Q4 25 | $0.77 | $0.42 | ||
| Q3 25 | $1.10 | $0.13 | ||
| Q2 25 | $-0.13 | $0.06 | ||
| Q1 25 | $0.12 | $0.36 | ||
| Q4 24 | $0.96 | $0.21 | ||
| Q3 24 | $1.40 | $0.15 | ||
| Q2 24 | $1.41 | $0.09 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $39.5M | $183.9M |
| Total DebtLower is stronger | $232.3M | — |
| Stockholders' EquityBook value | $511.8M | $497.5M |
| Total Assets | $1.1B | $751.9M |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $39.5M | — | ||
| Q4 25 | $41.3M | $183.9M | ||
| Q3 25 | $39.5M | $180.5M | ||
| Q2 25 | $32.8M | $203.1M | ||
| Q1 25 | $41.4M | $208.5M | ||
| Q4 24 | $43.9M | $181.5M | ||
| Q3 24 | $51.0M | $198.3M | ||
| Q2 24 | $30.4M | $225.4M |
| Q1 26 | $232.3M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $285.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $511.8M | — | ||
| Q4 25 | $512.3M | $497.5M | ||
| Q3 25 | $500.2M | $489.9M | ||
| Q2 25 | $481.8M | $493.2M | ||
| Q1 25 | $487.9M | $481.3M | ||
| Q4 24 | $522.1M | $491.3M | ||
| Q3 24 | $506.4M | $492.0M | ||
| Q2 24 | $480.0M | $489.6M |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $751.9M | ||
| Q3 25 | $1.2B | $748.7M | ||
| Q2 25 | $1.2B | $747.2M | ||
| Q1 25 | $1.2B | $729.2M | ||
| Q4 24 | $1.2B | $747.2M | ||
| Q3 24 | $917.1M | $742.5M | ||
| Q2 24 | $889.0M | $736.0M |
| Q1 26 | 0.45× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.58× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $122.5M | $12.3M |
| Free Cash FlowOCF − Capex | — | $11.6M |
| FCF MarginFCF / Revenue | — | 6.2% |
| Capex IntensityCapex / Revenue | 7.8% | 0.4% |
| Cash ConversionOCF / Net Profit | 7.37× | 1.28× |
| TTM Free Cash FlowTrailing 4 quarters | — | $35.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | $12.3M | ||
| Q3 25 | $57.1M | $-3.8M | ||
| Q2 25 | $-19.8M | $-7.2M | ||
| Q1 25 | $30.0M | $39.1M | ||
| Q4 24 | $31.0M | $-4.7M | ||
| Q3 24 | $58.7M | $-17.8M | ||
| Q2 24 | $5.5M | $-18.1M |
| Q1 26 | — | — | ||
| Q4 25 | $22.9M | $11.6M | ||
| Q3 25 | $52.4M | $-5.1M | ||
| Q2 25 | $-26.9M | $-8.7M | ||
| Q1 25 | $19.1M | $37.5M | ||
| Q4 24 | $22.0M | $-7.2M | ||
| Q3 24 | $50.2M | $-20.1M | ||
| Q2 24 | $-1.8M | $-19.7M |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 6.2% | ||
| Q3 25 | 14.6% | -3.1% | ||
| Q2 25 | -7.8% | -6.6% | ||
| Q1 25 | 5.5% | 20.7% | ||
| Q4 24 | 6.4% | -4.0% | ||
| Q3 24 | 14.7% | -12.8% | ||
| Q2 24 | -0.5% | -14.7% |
| Q1 26 | 7.8% | — | ||
| Q4 25 | 1.9% | 0.4% | ||
| Q3 25 | 1.3% | 0.8% | ||
| Q2 25 | 2.1% | 1.2% | ||
| Q1 25 | 3.2% | 0.9% | ||
| Q4 24 | 2.6% | 1.4% | ||
| Q3 24 | 2.5% | 1.5% | ||
| Q2 24 | 2.2% | 1.2% |
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | 1.28× | ||
| Q3 25 | 2.41× | -1.27× | ||
| Q2 25 | — | -5.08× | ||
| Q1 25 | 12.08× | 4.86× | ||
| Q4 24 | 1.48× | -0.98× | ||
| Q3 24 | 1.92× | -5.14× | ||
| Q2 24 | 0.18× | -8.97× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APOG
| Architectural Services | $127.1M | 36% |
| Architectural Metals | $110.0M | 31% |
| Architectural Glass | $67.4M | 19% |
| Performance Surfaces | $54.3M | 15% |
MOV
| Other | $81.4M | 44% |
| Owned Brands Category | $46.0M | 25% |
| Sales Channel Directly To Consumer | $35.3M | 19% |
| Company Stores | $23.4M | 13% |
