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Side-by-side financial comparison of GRID DYNAMICS HOLDINGS, INC. (GDYN) 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 $106.2M, roughly 1.8× GRID DYNAMICS HOLDINGS, INC.). MOVADO GROUP INC runs the higher net margin — 5.1% vs 0.3%, a 4.9% gap on every dollar of revenue. On growth, GRID DYNAMICS HOLDINGS, INC. posted the faster year-over-year revenue change (5.9% vs 1.9%). MOVADO GROUP INC produced more free cash flow last quarter ($11.6M vs $6.1M). Over the past eight quarters, GRID DYNAMICS HOLDINGS, INC.'s revenue compounded faster (15.3% CAGR vs 2.9%).
Escape Dynamics, Inc. was a Colorado-based technology company that operated 2010–2015 focused on bringing to market single-stage-to-orbit reusable electromagnetically powered spaceplanes.
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.
GDYN vs MOV — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $106.2M | $186.1M |
| Net Profit | $306.0K | $9.6M |
| Gross Margin | 34.0% | 54.3% |
| Operating Margin | 0.5% | 6.3% |
| Net Margin | 0.3% | 5.1% |
| Revenue YoY | 5.9% | 1.9% |
| Net Profit YoY | -93.2% | 89.8% |
| EPS (diluted) | $0.01 | $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 | $106.2M | $186.1M | ||
| Q3 25 | $104.2M | $161.8M | ||
| Q2 25 | $101.1M | $131.8M | ||
| Q1 25 | $100.4M | $181.5M | ||
| Q4 24 | $100.3M | $180.5M | ||
| Q3 24 | $87.4M | $157.0M | ||
| Q2 24 | $83.0M | $134.4M | ||
| Q1 24 | $79.8M | $175.8M |
| Q4 25 | $306.0K | $9.6M | ||
| Q3 25 | $1.2M | $3.0M | ||
| Q2 25 | $5.3M | $1.4M | ||
| Q1 25 | $2.9M | $8.1M | ||
| Q4 24 | $4.5M | $4.8M | ||
| Q3 24 | $4.3M | $3.5M | ||
| Q2 24 | $-817.0K | $2.0M | ||
| Q1 24 | $-3.9M | $9.8M |
| Q4 25 | 34.0% | 54.3% | ||
| Q3 25 | 33.3% | 54.1% | ||
| Q2 25 | 34.1% | 54.1% | ||
| Q1 25 | 36.8% | 54.2% | ||
| Q4 24 | 36.9% | 53.5% | ||
| Q3 24 | 37.4% | 54.3% | ||
| Q2 24 | 35.6% | 54.3% | ||
| Q1 24 | 34.7% | 53.5% |
| Q4 25 | 0.5% | 6.3% | ||
| Q3 25 | -0.2% | 2.5% | ||
| Q2 25 | -0.1% | 0.2% | ||
| Q1 25 | -2.0% | 5.1% | ||
| Q4 24 | 1.3% | 3.3% | ||
| Q3 24 | 2.4% | 1.7% | ||
| Q2 24 | 0.0% | 1.6% | ||
| Q1 24 | -6.9% | 6.1% |
| Q4 25 | 0.3% | 5.1% | ||
| Q3 25 | 1.1% | 1.8% | ||
| Q2 25 | 5.2% | 1.1% | ||
| Q1 25 | 2.9% | 4.4% | ||
| Q4 24 | 4.5% | 2.7% | ||
| Q3 24 | 4.9% | 2.2% | ||
| Q2 24 | -1.0% | 1.5% | ||
| Q1 24 | -4.9% | 5.6% |
| Q4 25 | $0.01 | $0.42 | ||
| Q3 25 | $0.01 | $0.13 | ||
| Q2 25 | $0.06 | $0.06 | ||
| Q1 25 | $0.03 | $0.36 | ||
| Q4 24 | $0.06 | $0.21 | ||
| Q3 24 | $0.05 | $0.15 | ||
| Q2 24 | $-0.01 | $0.09 | ||
| Q1 24 | $-0.05 | $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 | $342.1M | $183.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $542.1M | $497.5M |
| Total Assets | $612.9M | $751.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $342.1M | $183.9M | ||
| Q3 25 | $338.6M | $180.5M | ||
| Q2 25 | $336.8M | $203.1M | ||
| Q1 25 | $325.5M | $208.5M | ||
| Q4 24 | $334.7M | $181.5M | ||
| Q3 24 | $231.3M | $198.3M | ||
| Q2 24 | $256.0M | $225.4M | ||
| Q1 24 | $249.4M | $262.1M |
| Q4 25 | $542.1M | $497.5M | ||
| Q3 25 | $537.7M | $489.9M | ||
| Q2 25 | $532.2M | $493.2M | ||
| Q1 25 | $517.4M | $481.3M | ||
| Q4 24 | $517.8M | $491.3M | ||
| Q3 24 | $400.2M | $492.0M | ||
| Q2 24 | $388.4M | $489.6M | ||
| Q1 24 | $382.8M | $505.9M |
| Q4 25 | $612.9M | $751.9M | ||
| Q3 25 | $613.2M | $748.7M | ||
| Q2 25 | $608.9M | $747.2M | ||
| Q1 25 | $590.9M | $729.2M | ||
| Q4 24 | $592.2M | $747.2M | ||
| Q3 24 | $477.3M | $742.5M | ||
| Q2 24 | $443.6M | $736.0M | ||
| Q1 24 | $435.3M | $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 | $9.9M | $12.3M |
| Free Cash FlowOCF − Capex | $6.1M | $11.6M |
| FCF MarginFCF / Revenue | 5.7% | 6.2% |
| Capex IntensityCapex / Revenue | 3.6% | 0.4% |
| Cash ConversionOCF / Net Profit | 32.34× | 1.28× |
| TTM Free Cash FlowTrailing 4 quarters | $25.3M | $35.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $9.9M | $12.3M | ||
| Q3 25 | $7.0M | $-3.8M | ||
| Q2 25 | $14.4M | $-7.2M | ||
| Q1 25 | $9.4M | $39.1M | ||
| Q4 24 | $7.1M | $-4.7M | ||
| Q3 24 | $9.2M | $-17.8M | ||
| Q2 24 | $10.7M | $-18.1M | ||
| Q1 24 | $3.2M | $69.4M |
| Q4 25 | $6.1M | $11.6M | ||
| Q3 25 | $2.9M | $-5.1M | ||
| Q2 25 | $10.2M | $-8.7M | ||
| Q1 25 | $6.0M | $37.5M | ||
| Q4 24 | $4.4M | $-7.2M | ||
| Q3 24 | $5.9M | $-20.1M | ||
| Q2 24 | $8.0M | $-19.7M | ||
| Q1 24 | $43.0K | $67.8M |
| Q4 25 | 5.7% | 6.2% | ||
| Q3 25 | 2.8% | -3.1% | ||
| Q2 25 | 10.1% | -6.6% | ||
| Q1 25 | 6.0% | 20.7% | ||
| Q4 24 | 4.4% | -4.0% | ||
| Q3 24 | 6.8% | -12.8% | ||
| Q2 24 | 9.7% | -14.7% | ||
| Q1 24 | 0.1% | 38.6% |
| Q4 25 | 3.6% | 0.4% | ||
| Q3 25 | 3.9% | 0.8% | ||
| Q2 25 | 4.1% | 1.2% | ||
| Q1 25 | 3.3% | 0.9% | ||
| Q4 24 | 2.6% | 1.4% | ||
| Q3 24 | 3.7% | 1.5% | ||
| Q2 24 | 3.2% | 1.2% | ||
| Q1 24 | 4.0% | 0.9% |
| Q4 25 | 32.34× | 1.28× | ||
| Q3 25 | 5.92× | -1.27× | ||
| Q2 25 | 2.73× | -5.08× | ||
| Q1 25 | 3.21× | 4.86× | ||
| Q4 24 | 1.56× | -0.98× | ||
| Q3 24 | 2.15× | -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
GDYN
| Other | $30.6M | 29% |
| Technology Media And Telecom | $30.1M | 28% |
| Financial Service | $24.3M | 23% |
| Manufactured Product Other | $10.8M | 10% |
| Related Party | $7.6M | 7% |
| Health Care | $2.8M | 3% |
MOV
| Other | $81.4M | 44% |
| Owned Brands Category | $46.0M | 25% |
| Sales Channel Directly To Consumer | $35.3M | 19% |
| Company Stores | $23.4M | 13% |
