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Side-by-side financial comparison of Black Stone Minerals, L.P. (BSM) and MOVADO GROUP INC (MOV). Click either name above to swap in a different company.
MOVADO GROUP INC is the larger business by last-quarter revenue ($186.1M vs $95.2M, roughly 2.0× Black Stone Minerals, L.P.). Black Stone Minerals, L.P. runs the higher net margin — 75.9% vs 5.1%, a 70.7% gap on every dollar of revenue. On growth, MOVADO GROUP INC posted the faster year-over-year revenue change (1.9% vs -8.7%). Over the past eight quarters, MOVADO GROUP INC's revenue compounded faster (2.9% CAGR vs -9.7%).
Black Stone Minerals, L.P., or Black Stone Minerals, is a Houston, Texas-based oil and natural gas corporation.
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.
BSM vs MOV — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $95.2M | $186.1M |
| Net Profit | $72.2M | $9.6M |
| Gross Margin | — | 54.3% |
| Operating Margin | 78.6% | 6.3% |
| Net Margin | 75.9% | 5.1% |
| Revenue YoY | -8.7% | 1.9% |
| Net Profit YoY | 55.8% | 89.8% |
| EPS (diluted) | — | $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 | $95.2M | $186.1M | ||
| Q3 25 | $105.2M | $161.8M | ||
| Q2 25 | $106.7M | $131.8M | ||
| Q1 25 | $115.3M | $181.5M | ||
| Q4 24 | $104.3M | $180.5M | ||
| Q3 24 | $103.2M | $157.0M | ||
| Q2 24 | $115.2M | $134.4M | ||
| Q1 24 | $116.8M | $175.8M |
| Q4 25 | $72.2M | $9.6M | ||
| Q3 25 | $91.7M | $3.0M | ||
| Q2 25 | $120.0M | $1.4M | ||
| Q1 25 | $15.9M | $8.1M | ||
| Q4 24 | $46.3M | $4.8M | ||
| Q3 24 | $92.7M | $3.5M | ||
| Q2 24 | $68.3M | $2.0M | ||
| Q1 24 | $63.9M | $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 | 78.6% | 6.3% | ||
| Q3 25 | 89.5% | 2.5% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | 14.9% | 5.1% | ||
| Q4 24 | 45.6% | 3.3% | ||
| Q3 24 | 90.2% | 1.7% | ||
| Q2 24 | 59.5% | 1.6% | ||
| Q1 24 | 54.8% | 6.1% |
| Q4 25 | 75.9% | 5.1% | ||
| Q3 25 | 87.2% | 1.8% | ||
| Q2 25 | 112.5% | 1.1% | ||
| Q1 25 | 13.8% | 4.4% | ||
| Q4 24 | 44.4% | 2.7% | ||
| Q3 24 | 89.9% | 2.2% | ||
| Q2 24 | 59.3% | 1.5% | ||
| Q1 24 | 54.7% | 5.6% |
| Q4 25 | — | $0.42 | ||
| Q3 25 | — | $0.13 | ||
| Q2 25 | — | $0.06 | ||
| Q1 25 | — | $0.36 | ||
| Q4 24 | — | $0.21 | ||
| Q3 24 | — | $0.15 | ||
| Q2 24 | — | $0.09 | ||
| Q1 24 | — | $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 | $1.5M | $183.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $497.5M |
| Total Assets | $1.3B | $751.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5M | $183.9M | ||
| Q3 25 | $2.9M | $180.5M | ||
| Q2 25 | $2.5M | $203.1M | ||
| Q1 25 | $2.4M | $208.5M | ||
| Q4 24 | $2.5M | $181.5M | ||
| Q3 24 | $21.0M | $198.3M | ||
| Q2 24 | $26.7M | $225.4M | ||
| Q1 24 | $40.5M | $262.1M |
| Q4 25 | — | $497.5M | ||
| Q3 25 | — | $489.9M | ||
| Q2 25 | — | $493.2M | ||
| Q1 25 | — | $481.3M | ||
| Q4 24 | — | $491.3M | ||
| Q3 24 | — | $492.0M | ||
| Q2 24 | — | $489.6M | ||
| Q1 24 | — | $505.9M |
| Q4 25 | $1.3B | $751.9M | ||
| Q3 25 | $1.3B | $748.7M | ||
| Q2 25 | $1.3B | $747.2M | ||
| Q1 25 | $1.2B | $729.2M | ||
| Q4 24 | $1.2B | $747.2M | ||
| Q3 24 | $1.2B | $742.5M | ||
| Q2 24 | $1.2B | $736.0M | ||
| Q1 24 | $1.2B | $756.5M |
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 | $65.1M | $12.3M |
| Free Cash FlowOCF − Capex | — | $11.6M |
| FCF MarginFCF / Revenue | — | 6.2% |
| Capex IntensityCapex / Revenue | — | 0.4% |
| Cash ConversionOCF / Net Profit | 0.90× | 1.28× |
| TTM Free Cash FlowTrailing 4 quarters | — | $35.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $65.1M | $12.3M | ||
| Q3 25 | $99.8M | $-3.8M | ||
| Q2 25 | $80.5M | $-7.2M | ||
| Q1 25 | $64.8M | $39.1M | ||
| Q4 24 | $91.0M | $-4.7M | ||
| Q3 24 | $93.2M | $-17.8M | ||
| Q2 24 | $100.4M | $-18.1M | ||
| Q1 24 | $104.5M | $69.4M |
| Q4 25 | — | $11.6M | ||
| Q3 25 | — | $-5.1M | ||
| Q2 25 | — | $-8.7M | ||
| Q1 25 | — | $37.5M | ||
| Q4 24 | — | $-7.2M | ||
| Q3 24 | — | $-20.1M | ||
| Q2 24 | — | $-19.7M | ||
| Q1 24 | — | $67.8M |
| Q4 25 | — | 6.2% | ||
| Q3 25 | — | -3.1% | ||
| Q2 25 | — | -6.6% | ||
| Q1 25 | — | 20.7% | ||
| Q4 24 | — | -4.0% | ||
| Q3 24 | — | -12.8% | ||
| Q2 24 | — | -14.7% | ||
| Q1 24 | — | 38.6% |
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 0.8% | ||
| Q2 25 | — | 1.2% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | 1.2% | ||
| Q1 24 | — | 0.9% |
| Q4 25 | 0.90× | 1.28× | ||
| Q3 25 | 1.09× | -1.27× | ||
| Q2 25 | 0.67× | -5.08× | ||
| Q1 25 | 4.07× | 4.86× | ||
| Q4 24 | 1.96× | -0.98× | ||
| Q3 24 | 1.01× | -5.14× | ||
| Q2 24 | 1.47× | -8.97× | ||
| Q1 24 | 1.63× | 7.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BSM
| Oil Reserves | $46.4M | 49% |
| Natural Gas Reserves | $44.1M | 46% |
| Real Estate | $4.7M | 5% |
MOV
| Other | $81.4M | 44% |
| Owned Brands Category | $46.0M | 25% |
| Sales Channel Directly To Consumer | $35.3M | 19% |
| Company Stores | $23.4M | 13% |
