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Side-by-side financial comparison of PATHWARD FINANCIAL, INC. (CASH) 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 $173.1M, roughly 1.1× PATHWARD FINANCIAL, INC.). PATHWARD FINANCIAL, INC. runs the higher net margin — 20.3% vs 5.1%, a 15.2% gap on every dollar of revenue. On growth, MOVADO GROUP INC posted the faster year-over-year revenue change (1.9% vs -0.2%). PATHWARD FINANCIAL, INC. produced more free cash flow last quarter ($104.1M vs $11.6M). Over the past eight quarters, MOVADO GROUP INC's revenue compounded faster (2.9% CAGR vs -18.0%).
Pathward Financial, Inc. is a U.S.-based banking and financial services company. It adopted its current name in 2022 after its parent, Meta Financial Group, sold the "Meta" trademark to Meta Platforms.
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.
CASH vs MOV — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $173.1M | $186.1M |
| Net Profit | $35.2M | $9.6M |
| Gross Margin | — | 54.3% |
| Operating Margin | 24.6% | 6.3% |
| Net Margin | 20.3% | 5.1% |
| Revenue YoY | -0.2% | 1.9% |
| Net Profit YoY | 11.9% | 89.8% |
| EPS (diluted) | $1.57 | $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 | $173.1M | $186.1M | ||
| Q3 25 | $186.7M | $161.8M | ||
| Q2 25 | $195.8M | $131.8M | ||
| Q1 25 | $274.8M | $181.5M | ||
| Q4 24 | $182.6M | $180.5M | ||
| Q3 24 | $179.5M | $157.0M | ||
| Q2 24 | $188.6M | $134.4M | ||
| Q1 24 | $257.6M | $175.8M |
| Q4 25 | $35.2M | $9.6M | ||
| Q3 25 | $38.8M | $3.0M | ||
| Q2 25 | $42.1M | $1.4M | ||
| Q1 25 | $75.0M | $8.1M | ||
| Q4 24 | $30.0M | $4.8M | ||
| Q3 24 | $33.5M | $3.5M | ||
| Q2 24 | $44.9M | $2.0M | ||
| Q1 24 | $69.9M | $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 | 24.6% | 6.3% | ||
| Q3 25 | 25.9% | 2.5% | ||
| Q2 25 | 24.1% | 0.2% | ||
| Q1 25 | 33.2% | 5.1% | ||
| Q4 24 | 19.8% | 3.3% | ||
| Q3 24 | 20.9% | 1.7% | ||
| Q2 24 | 27.1% | 1.6% | ||
| Q1 24 | 33.8% | 6.1% |
| Q4 25 | 20.3% | 5.1% | ||
| Q3 25 | 20.8% | 1.8% | ||
| Q2 25 | 21.5% | 1.1% | ||
| Q1 25 | 27.3% | 4.4% | ||
| Q4 24 | 16.4% | 2.7% | ||
| Q3 24 | 18.7% | 2.2% | ||
| Q2 24 | 23.8% | 1.5% | ||
| Q1 24 | 27.1% | 5.6% |
| Q4 25 | $1.57 | $0.42 | ||
| Q3 25 | $1.69 | $0.13 | ||
| Q2 25 | $1.81 | $0.06 | ||
| Q1 25 | $3.14 | $0.36 | ||
| Q4 24 | $1.23 | $0.21 | ||
| Q3 24 | $1.34 | $0.15 | ||
| Q2 24 | $1.78 | $0.09 | ||
| Q1 24 | $2.74 | $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 | $331.2M | $183.9M |
| Total DebtLower is stronger | $33.5M | — |
| Stockholders' EquityBook value | $854.5M | $497.5M |
| Total Assets | $7.6B | $751.9M |
| Debt / EquityLower = less leverage | 0.04× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $331.2M | $183.9M | ||
| Q3 25 | $120.6M | $180.5M | ||
| Q2 25 | $258.3M | $203.1M | ||
| Q1 25 | $254.2M | $208.5M | ||
| Q4 24 | $597.4M | $181.5M | ||
| Q3 24 | $158.3M | $198.3M | ||
| Q2 24 | $298.9M | $225.4M | ||
| Q1 24 | $347.9M | $262.1M |
| Q4 25 | $33.5M | — | ||
| Q3 25 | $33.5M | — | ||
| Q2 25 | $33.4M | — | ||
| Q1 25 | $33.4M | — | ||
| Q4 24 | $33.4M | — | ||
| Q3 24 | $33.4M | — | ||
| Q2 24 | $33.3M | — | ||
| Q1 24 | $33.4M | — |
| Q4 25 | $854.5M | $497.5M | ||
| Q3 25 | $858.0M | $489.9M | ||
| Q2 25 | $819.0M | $493.2M | ||
| Q1 25 | $814.7M | $481.3M | ||
| Q4 24 | $758.3M | $491.3M | ||
| Q3 24 | $822.5M | $492.0M | ||
| Q2 24 | $748.4M | $489.6M | ||
| Q1 24 | $719.5M | $505.9M |
| Q4 25 | $7.6B | $751.9M | ||
| Q3 25 | $7.2B | $748.7M | ||
| Q2 25 | $7.2B | $747.2M | ||
| Q1 25 | $7.0B | $729.2M | ||
| Q4 24 | $7.6B | $747.2M | ||
| Q3 24 | $7.5B | $742.5M | ||
| Q2 24 | $7.5B | $736.0M | ||
| Q1 24 | $7.4B | $756.5M |
| Q4 25 | 0.04× | — | ||
| Q3 25 | 0.04× | — | ||
| Q2 25 | 0.04× | — | ||
| Q1 25 | 0.04× | — | ||
| Q4 24 | 0.04× | — | ||
| Q3 24 | 0.04× | — | ||
| Q2 24 | 0.04× | — | ||
| Q1 24 | 0.05× | — |
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 | $108.3M | $12.3M |
| Free Cash FlowOCF − Capex | $104.1M | $11.6M |
| FCF MarginFCF / Revenue | 60.1% | 6.2% |
| Capex IntensityCapex / Revenue | 2.4% | 0.4% |
| Cash ConversionOCF / Net Profit | 3.08× | 1.28× |
| TTM Free Cash FlowTrailing 4 quarters | $616.8M | $35.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $108.3M | $12.3M | ||
| Q3 25 | $303.7M | $-3.8M | ||
| Q2 25 | $30.4M | $-7.2M | ||
| Q1 25 | $188.3M | $39.1M | ||
| Q4 24 | $-71.7M | $-4.7M | ||
| Q3 24 | $143.1M | $-17.8M | ||
| Q2 24 | $113.2M | $-18.1M | ||
| Q1 24 | $203.0M | $69.4M |
| Q4 25 | $104.1M | $11.6M | ||
| Q3 25 | $300.3M | $-5.1M | ||
| Q2 25 | $27.7M | $-8.7M | ||
| Q1 25 | $184.7M | $37.5M | ||
| Q4 24 | $-73.8M | $-7.2M | ||
| Q3 24 | $138.8M | $-20.1M | ||
| Q2 24 | $111.0M | $-19.7M | ||
| Q1 24 | $201.3M | $67.8M |
| Q4 25 | 60.1% | 6.2% | ||
| Q3 25 | 160.9% | -3.1% | ||
| Q2 25 | 14.1% | -6.6% | ||
| Q1 25 | 67.2% | 20.7% | ||
| Q4 24 | -40.4% | -4.0% | ||
| Q3 24 | 77.3% | -12.8% | ||
| Q2 24 | 58.8% | -14.7% | ||
| Q1 24 | 78.1% | 38.6% |
| Q4 25 | 2.4% | 0.4% | ||
| Q3 25 | 1.8% | 0.8% | ||
| Q2 25 | 1.4% | 1.2% | ||
| Q1 25 | 1.3% | 0.9% | ||
| Q4 24 | 1.1% | 1.4% | ||
| Q3 24 | 2.4% | 1.5% | ||
| Q2 24 | 1.2% | 1.2% | ||
| Q1 24 | 0.7% | 0.9% |
| Q4 25 | 3.08× | 1.28× | ||
| Q3 25 | 7.83× | -1.27× | ||
| Q2 25 | 0.72× | -5.08× | ||
| Q1 25 | 2.51× | 4.86× | ||
| Q4 24 | -2.39× | -0.98× | ||
| Q3 24 | 4.27× | -5.14× | ||
| Q2 24 | 2.52× | -8.97× | ||
| Q1 24 | 2.90× | 7.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CASH
| Consumer | $103.0M | 59% |
| Payment Card And Deposit Fees | $30.1M | 17% |
| Other | $24.2M | 14% |
| Rental Income | $11.6M | 7% |
| Commercial | $4.2M | 2% |
MOV
| Other | $81.4M | 44% |
| Owned Brands Category | $46.0M | 25% |
| Sales Channel Directly To Consumer | $35.3M | 19% |
| Company Stores | $23.4M | 13% |
