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Side-by-side financial comparison of Merchants Bancorp (MBIN) 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 $175.2M, roughly 1.1× Merchants Bancorp). Merchants Bancorp runs the higher net margin — 38.6% vs 5.1%, a 33.5% gap on every dollar of revenue. Over the past eight quarters, Merchants Bancorp's revenue compounded faster (4.8% CAGR vs 2.9%).
Ameris Bancorp is an American bank holding company headquartered in Atlanta, Georgia. Through its bank subsidiary, Ameris Bank, the company operates full-service branches in Georgia, Alabama, Florida, North Carolina and South Carolina, and mortgage-only locations in Georgia, Alabama, Florida, North Carolina, South Carolina, Virginia, Maryland, and Tennessee. The company offers online and mobile banking options for both consumers and businesses.
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.
MBIN vs MOV — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $175.2M | $186.1M |
| Net Profit | $67.7M | $9.6M |
| Gross Margin | — | 54.3% |
| Operating Margin | — | 6.3% |
| Net Margin | 38.6% | 5.1% |
| Revenue YoY | — | 1.9% |
| Net Profit YoY | 16.3% | 89.8% |
| EPS (diluted) | $1.25 | $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 | $175.2M | — | ||
| Q4 25 | $185.3M | $186.1M | ||
| Q3 25 | $171.1M | $161.8M | ||
| Q2 25 | $179.2M | $131.8M | ||
| Q1 25 | $145.9M | $181.5M | ||
| Q4 24 | $193.8M | $180.5M | ||
| Q3 24 | $149.6M | $157.0M | ||
| Q2 24 | $159.5M | $134.4M |
| Q1 26 | $67.7M | — | ||
| Q4 25 | — | $9.6M | ||
| Q3 25 | $54.7M | $3.0M | ||
| Q2 25 | $38.0M | $1.4M | ||
| Q1 25 | $58.2M | $8.1M | ||
| Q4 24 | — | $4.8M | ||
| Q3 24 | $61.3M | $3.5M | ||
| Q2 24 | $76.4M | $2.0M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 39.9% | 6.3% | ||
| Q3 25 | 37.8% | 2.5% | ||
| Q2 25 | 27.3% | 0.2% | ||
| Q1 25 | 52.4% | 5.1% | ||
| Q4 24 | 66.0% | 3.3% | ||
| Q3 24 | 54.4% | 1.7% | ||
| Q2 24 | 62.2% | 1.6% |
| Q1 26 | 38.6% | — | ||
| Q4 25 | — | 5.1% | ||
| Q3 25 | 32.0% | 1.8% | ||
| Q2 25 | 21.2% | 1.1% | ||
| Q1 25 | 39.9% | 4.4% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | 41.0% | 2.2% | ||
| Q2 24 | 47.9% | 1.5% |
| Q1 26 | $1.25 | — | ||
| Q4 25 | $1.28 | $0.42 | ||
| Q3 25 | $0.97 | $0.13 | ||
| Q2 25 | $0.60 | $0.06 | ||
| Q1 25 | $0.93 | $0.36 | ||
| Q4 24 | $1.84 | $0.21 | ||
| Q3 24 | $1.17 | $0.15 | ||
| Q2 24 | $1.49 | $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 | $83.2M | $183.9M |
| Total DebtLower is stronger | $32.0M | — |
| Stockholders' EquityBook value | $2.3B | $497.5M |
| Total Assets | $20.3B | $751.9M |
| Debt / EquityLower = less leverage | 0.01× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $83.2M | — | ||
| Q4 25 | — | $183.9M | ||
| Q3 25 | — | $180.5M | ||
| Q2 25 | — | $203.1M | ||
| Q1 25 | — | $208.5M | ||
| Q4 24 | — | $181.5M | ||
| Q3 24 | — | $198.3M | ||
| Q2 24 | — | $225.4M |
| Q1 26 | $32.0M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.3B | $497.5M | ||
| Q3 25 | $2.2B | $489.9M | ||
| Q2 25 | $2.2B | $493.2M | ||
| Q1 25 | $2.2B | $481.3M | ||
| Q4 24 | $2.2B | $491.3M | ||
| Q3 24 | $1.9B | $492.0M | ||
| Q2 24 | $1.9B | $489.6M |
| Q1 26 | $20.3B | — | ||
| Q4 25 | $19.4B | $751.9M | ||
| Q3 25 | $19.4B | $748.7M | ||
| Q2 25 | $19.1B | $747.2M | ||
| Q1 25 | $18.8B | $729.2M | ||
| Q4 24 | $18.8B | $747.2M | ||
| Q3 24 | $18.7B | $742.5M | ||
| Q2 24 | $18.2B | $736.0M |
| Q1 26 | 0.01× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| 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 | — | $12.3M |
| Free Cash FlowOCF − Capex | — | $11.6M |
| FCF MarginFCF / Revenue | — | 6.2% |
| Capex IntensityCapex / Revenue | — | 0.4% |
| Cash ConversionOCF / Net Profit | — | 1.28× |
| TTM Free Cash FlowTrailing 4 quarters | — | $35.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-341.2M | $12.3M | ||
| Q3 25 | $29.8M | $-3.8M | ||
| Q2 25 | $-121.2M | $-7.2M | ||
| Q1 25 | $148.0M | $39.1M | ||
| Q4 24 | $-835.3M | $-4.7M | ||
| Q3 24 | $-492.6M | $-17.8M | ||
| Q2 24 | $51.1M | $-18.1M |
| Q1 26 | — | — | ||
| Q4 25 | $-362.2M | $11.6M | ||
| Q3 25 | $24.0M | $-5.1M | ||
| Q2 25 | $-125.7M | $-8.7M | ||
| Q1 25 | $141.2M | $37.5M | ||
| Q4 24 | $-853.7M | $-7.2M | ||
| Q3 24 | $-497.2M | $-20.1M | ||
| Q2 24 | $45.8M | $-19.7M |
| Q1 26 | — | — | ||
| Q4 25 | -195.5% | 6.2% | ||
| Q3 25 | 14.0% | -3.1% | ||
| Q2 25 | -70.1% | -6.6% | ||
| Q1 25 | 96.8% | 20.7% | ||
| Q4 24 | -440.6% | -4.0% | ||
| Q3 24 | -332.4% | -12.8% | ||
| Q2 24 | 28.7% | -14.7% |
| Q1 26 | — | — | ||
| Q4 25 | 11.3% | 0.4% | ||
| Q3 25 | 3.4% | 0.8% | ||
| Q2 25 | 2.5% | 1.2% | ||
| Q1 25 | 4.7% | 0.9% | ||
| Q4 24 | 9.5% | 1.4% | ||
| Q3 24 | 3.0% | 1.5% | ||
| Q2 24 | 3.3% | 1.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.28× | ||
| Q3 25 | 0.54× | -1.27× | ||
| Q2 25 | -3.19× | -5.08× | ||
| Q1 25 | 2.54× | 4.86× | ||
| Q4 24 | — | -0.98× | ||
| Q3 24 | -8.04× | -5.14× | ||
| Q2 24 | 0.67× | -8.97× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MBIN
| Net Interest Income | $128.6M | 73% |
| Noninterest Income | $46.6M | 27% |
MOV
| Other | $81.4M | 44% |
| Owned Brands Category | $46.0M | 25% |
| Sales Channel Directly To Consumer | $35.3M | 19% |
| Company Stores | $23.4M | 13% |
