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Side-by-side financial comparison of Bitcoin Depot Inc. (BTM) 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 $162.5M, roughly 1.1× Bitcoin Depot Inc.). MOVADO GROUP INC runs the higher net margin — 5.1% vs 3.4%, a 1.7% gap on every dollar of revenue. On growth, Bitcoin Depot Inc. posted the faster year-over-year revenue change (20.1% vs 1.9%). MOVADO GROUP INC produced more free cash flow last quarter ($11.6M vs $2.5M). Over the past eight quarters, MOVADO GROUP INC's revenue compounded faster (2.9% CAGR vs -4.9%).
Bitcoin Depot Inc. is one of the largest cryptocurrency ATM operators across North America. It provides retail consumers with accessible in-person kiosks to buy and sell Bitcoin and other leading digital assets, alongside online crypto purchase services via bank transfer. Its self-service kiosks are located in high-traffic retail spaces including grocery stores, gas stations and convenience stores.
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.
BTM vs MOV — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $162.5M | $186.1M |
| Net Profit | $5.5M | $9.6M |
| Gross Margin | — | 54.3% |
| Operating Margin | 7.3% | 6.3% |
| Net Margin | 3.4% | 5.1% |
| Revenue YoY | 20.1% | 1.9% |
| Net Profit YoY | 690.4% | 89.8% |
| EPS (diluted) | $0.08 | $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 | — | $186.1M | ||
| Q3 25 | $162.5M | $161.8M | ||
| Q2 25 | $172.1M | $131.8M | ||
| Q1 25 | $164.2M | $181.5M | ||
| Q4 24 | — | $180.5M | ||
| Q3 24 | $135.3M | $157.0M | ||
| Q2 24 | $163.1M | $134.4M | ||
| Q1 24 | $138.5M | $175.8M |
| Q4 25 | — | $9.6M | ||
| Q3 25 | $5.5M | $3.0M | ||
| Q2 25 | $6.1M | $1.4M | ||
| Q1 25 | $4.2M | $8.1M | ||
| Q4 24 | — | $4.8M | ||
| Q3 24 | $-939.0K | $3.5M | ||
| Q2 24 | $-2.6M | $2.0M | ||
| Q1 24 | $-1.5M | $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 | — | 6.3% | ||
| Q3 25 | 7.3% | 2.5% | ||
| Q2 25 | 9.2% | 0.2% | ||
| Q1 25 | 10.8% | 5.1% | ||
| Q4 24 | — | 3.3% | ||
| Q3 24 | 4.1% | 1.7% | ||
| Q2 24 | 4.7% | 1.6% | ||
| Q1 24 | 0.5% | 6.1% |
| Q4 25 | — | 5.1% | ||
| Q3 25 | 3.4% | 1.8% | ||
| Q2 25 | 3.5% | 1.1% | ||
| Q1 25 | 2.6% | 4.4% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | -0.7% | 2.2% | ||
| Q2 24 | -1.6% | 1.5% | ||
| Q1 24 | -1.1% | 5.6% |
| Q4 25 | — | $0.42 | ||
| Q3 25 | $0.08 | $0.13 | ||
| Q2 25 | $0.16 | $0.06 | ||
| Q1 25 | $0.20 | $0.36 | ||
| Q4 24 | — | $0.21 | ||
| Q3 24 | $-0.05 | $0.15 | ||
| Q2 24 | $-0.13 | $0.09 | ||
| Q1 24 | $-0.25 | $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 | $59.3M | $183.9M |
| Total DebtLower is stronger | $67.5M | — |
| Stockholders' EquityBook value | $21.0M | $497.5M |
| Total Assets | $125.3M | $751.9M |
| Debt / EquityLower = less leverage | 3.21× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $183.9M | ||
| Q3 25 | $59.3M | $180.5M | ||
| Q2 25 | $48.0M | $203.1M | ||
| Q1 25 | $35.0M | $208.5M | ||
| Q4 24 | — | $181.5M | ||
| Q3 24 | $32.2M | $198.3M | ||
| Q2 24 | $43.9M | $225.4M | ||
| Q1 24 | $42.2M | $262.1M |
| Q4 25 | — | — | ||
| Q3 25 | $67.5M | — | ||
| Q2 25 | $66.5M | — | ||
| Q1 25 | $56.2M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $44.5M | — | ||
| Q2 24 | $41.2M | — | ||
| Q1 24 | $37.6M | — |
| Q4 25 | — | $497.5M | ||
| Q3 25 | $21.0M | $489.9M | ||
| Q2 25 | $4.7M | $493.2M | ||
| Q1 25 | $-4.6M | $481.3M | ||
| Q4 24 | — | $491.3M | ||
| Q3 24 | $-7.9M | $492.0M | ||
| Q2 24 | $4.4M | $489.6M | ||
| Q1 24 | $5.0M | $505.9M |
| Q4 25 | — | $751.9M | ||
| Q3 25 | $125.3M | $748.7M | ||
| Q2 25 | $109.1M | $747.2M | ||
| Q1 25 | $89.7M | $729.2M | ||
| Q4 24 | — | $747.2M | ||
| Q3 24 | $87.4M | $742.5M | ||
| Q2 24 | $97.5M | $736.0M | ||
| Q1 24 | $90.1M | $756.5M |
| Q4 25 | — | — | ||
| Q3 25 | 3.21× | — | ||
| Q2 25 | 14.18× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 9.27× | — | ||
| Q1 24 | 7.54× | — |
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 | $6.6M | $12.3M |
| Free Cash FlowOCF − Capex | $2.5M | $11.6M |
| FCF MarginFCF / Revenue | 1.6% | 6.2% |
| Capex IntensityCapex / Revenue | 2.5% | 0.4% |
| Cash ConversionOCF / Net Profit | 1.20× | 1.28× |
| TTM Free Cash FlowTrailing 4 quarters | $27.1M | $35.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $12.3M | ||
| Q3 25 | $6.6M | $-3.8M | ||
| Q2 25 | $10.2M | $-7.2M | ||
| Q1 25 | $16.3M | $39.1M | ||
| Q4 24 | — | $-4.7M | ||
| Q3 24 | $5.8M | $-17.8M | ||
| Q2 24 | $10.1M | $-18.1M | ||
| Q1 24 | $1.3M | $69.4M |
| Q4 25 | — | $11.6M | ||
| Q3 25 | $2.5M | $-5.1M | ||
| Q2 25 | $9.8M | $-8.7M | ||
| Q1 25 | $15.9M | $37.5M | ||
| Q4 24 | — | $-7.2M | ||
| Q3 24 | $-1.0M | $-20.1M | ||
| Q2 24 | $7.6M | $-19.7M | ||
| Q1 24 | $789.0K | $67.8M |
| Q4 25 | — | 6.2% | ||
| Q3 25 | 1.6% | -3.1% | ||
| Q2 25 | 5.7% | -6.6% | ||
| Q1 25 | 9.7% | 20.7% | ||
| Q4 24 | — | -4.0% | ||
| Q3 24 | -0.8% | -12.8% | ||
| Q2 24 | 4.7% | -14.7% | ||
| Q1 24 | 0.6% | 38.6% |
| Q4 25 | — | 0.4% | ||
| Q3 25 | 2.5% | 0.8% | ||
| Q2 25 | 0.2% | 1.2% | ||
| Q1 25 | 0.2% | 0.9% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | 5.0% | 1.5% | ||
| Q2 24 | 1.5% | 1.2% | ||
| Q1 24 | 0.4% | 0.9% |
| Q4 25 | — | 1.28× | ||
| Q3 25 | 1.20× | -1.27× | ||
| Q2 25 | 1.67× | -5.08× | ||
| Q1 25 | 3.88× | 4.86× | ||
| Q4 24 | — | -0.98× | ||
| Q3 24 | — | -5.14× | ||
| Q2 24 | — | -8.97× | ||
| Q1 24 | — | 7.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BTM
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% |
