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Side-by-side financial comparison of Mayville Engineering Company, Inc. (MEC) 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 $134.3M, roughly 1.4× Mayville Engineering Company, Inc.). MOVADO GROUP INC runs the higher net margin — 5.1% vs -3.2%, a 8.4% gap on every dollar of revenue. On growth, Mayville Engineering Company, Inc. posted the faster year-over-year revenue change (10.7% vs 1.9%). MOVADO GROUP INC produced more free cash flow last quarter ($11.6M vs $10.2M). Over the past eight quarters, MOVADO GROUP INC's revenue compounded faster (2.9% CAGR vs -8.8%).
Mayville Engineering Company, Inc. is a U.S.-headquartered leading manufacturer of metal components, fabricated assemblies, and custom engineered solutions. It serves OEM clients across agriculture, construction, transportation, defense, and power sports markets, offering end-to-end services from prototyping to high-volume production for North America.
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.
MEC vs MOV — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $134.3M | $186.1M |
| Net Profit | $-4.4M | $9.6M |
| Gross Margin | 6.8% | 54.3% |
| Operating Margin | -4.1% | 6.3% |
| Net Margin | -3.2% | 5.1% |
| Revenue YoY | 10.7% | 1.9% |
| Net Profit YoY | -127.3% | 89.8% |
| EPS (diluted) | $-0.22 | $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 | $134.3M | $186.1M | ||
| Q3 25 | $144.3M | $161.8M | ||
| Q2 25 | $132.3M | $131.8M | ||
| Q1 25 | $135.6M | $181.5M | ||
| Q4 24 | $121.3M | $180.5M | ||
| Q3 24 | $135.4M | $157.0M | ||
| Q2 24 | $163.6M | $134.4M | ||
| Q1 24 | $161.3M | $175.8M |
| Q4 25 | $-4.4M | $9.6M | ||
| Q3 25 | $-2.7M | $3.0M | ||
| Q2 25 | $-1.1M | $1.4M | ||
| Q1 25 | $20.0K | $8.1M | ||
| Q4 24 | $16.0M | $4.8M | ||
| Q3 24 | $3.0M | $3.5M | ||
| Q2 24 | $3.8M | $2.0M | ||
| Q1 24 | $3.2M | $9.8M |
| Q4 25 | 6.8% | 54.3% | ||
| Q3 25 | 11.0% | 54.1% | ||
| Q2 25 | 10.3% | 54.1% | ||
| Q1 25 | 11.3% | 54.2% | ||
| Q4 24 | 8.9% | 53.5% | ||
| Q3 24 | 12.6% | 54.3% | ||
| Q2 24 | 13.6% | 54.3% | ||
| Q1 24 | 13.0% | 53.5% |
| Q4 25 | -4.1% | 6.3% | ||
| Q3 25 | 0.0% | 2.5% | ||
| Q2 25 | 0.1% | 0.2% | ||
| Q1 25 | 1.2% | 5.1% | ||
| Q4 24 | 19.0% | 3.3% | ||
| Q3 24 | 4.2% | 1.7% | ||
| Q2 24 | 5.0% | 1.6% | ||
| Q1 24 | 4.7% | 6.1% |
| Q4 25 | -3.2% | 5.1% | ||
| Q3 25 | -1.9% | 1.8% | ||
| Q2 25 | -0.8% | 1.1% | ||
| Q1 25 | 0.0% | 4.4% | ||
| Q4 24 | 13.2% | 2.7% | ||
| Q3 24 | 2.2% | 2.2% | ||
| Q2 24 | 2.3% | 1.5% | ||
| Q1 24 | 2.0% | 5.6% |
| Q4 25 | $-0.22 | $0.42 | ||
| Q3 25 | $-0.13 | $0.13 | ||
| Q2 25 | $-0.05 | $0.06 | ||
| Q1 25 | $0.00 | $0.36 | ||
| Q4 24 | $0.76 | $0.21 | ||
| Q3 24 | $0.14 | $0.15 | ||
| Q2 24 | $0.18 | $0.09 | ||
| Q1 24 | $0.16 | $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 | $240.7M | $497.5M |
| Total Assets | $563.6M | $751.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5M | $183.9M | ||
| Q3 25 | $1.2M | $180.5M | ||
| Q2 25 | $206.0K | $203.1M | ||
| Q1 25 | $183.0K | $208.5M | ||
| Q4 24 | $206.0K | $181.5M | ||
| Q3 24 | $178.0K | $198.3M | ||
| Q2 24 | $314.0K | $225.4M | ||
| Q1 24 | $314.0K | $262.1M |
| Q4 25 | $240.7M | $497.5M | ||
| Q3 25 | $244.8M | $489.9M | ||
| Q2 25 | $246.8M | $493.2M | ||
| Q1 25 | $250.0M | $481.3M | ||
| Q4 24 | $251.8M | $491.3M | ||
| Q3 24 | $238.4M | $492.0M | ||
| Q2 24 | $238.1M | $489.6M | ||
| Q1 24 | $234.0M | $505.9M |
| Q4 25 | $563.6M | $751.9M | ||
| Q3 25 | $585.6M | $748.7M | ||
| Q2 25 | $433.7M | $747.2M | ||
| Q1 25 | $447.7M | $729.2M | ||
| Q4 24 | $445.6M | $747.2M | ||
| Q3 24 | $466.0M | $742.5M | ||
| Q2 24 | $488.2M | $736.0M | ||
| Q1 24 | $499.9M | $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 | $13.4M | $12.3M |
| Free Cash FlowOCF − Capex | $10.2M | $11.6M |
| FCF MarginFCF / Revenue | 7.6% | 6.2% |
| Capex IntensityCapex / Revenue | 2.4% | 0.4% |
| Cash ConversionOCF / Net Profit | — | 1.28× |
| TTM Free Cash FlowTrailing 4 quarters | $26.9M | $35.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.4M | $12.3M | ||
| Q3 25 | $1.9M | $-3.8M | ||
| Q2 25 | $15.0M | $-7.2M | ||
| Q1 25 | $8.3M | $39.1M | ||
| Q4 24 | $38.0M | $-4.7M | ||
| Q3 24 | $17.9M | $-17.8M | ||
| Q2 24 | $23.3M | $-18.1M | ||
| Q1 24 | $10.6M | $69.4M |
| Q4 25 | $10.2M | $11.6M | ||
| Q3 25 | $-1.1M | $-5.1M | ||
| Q2 25 | $12.5M | $-8.7M | ||
| Q1 25 | $5.4M | $37.5M | ||
| Q4 24 | $35.6M | $-7.2M | ||
| Q3 24 | $15.1M | $-20.1M | ||
| Q2 24 | $19.2M | $-19.7M | ||
| Q1 24 | $7.8M | $67.8M |
| Q4 25 | 7.6% | 6.2% | ||
| Q3 25 | -0.8% | -3.1% | ||
| Q2 25 | 9.5% | -6.6% | ||
| Q1 25 | 4.0% | 20.7% | ||
| Q4 24 | 29.4% | -4.0% | ||
| Q3 24 | 11.1% | -12.8% | ||
| Q2 24 | 11.7% | -14.7% | ||
| Q1 24 | 4.9% | 38.6% |
| Q4 25 | 2.4% | 0.4% | ||
| Q3 25 | 2.1% | 0.8% | ||
| Q2 25 | 1.8% | 1.2% | ||
| Q1 25 | 2.2% | 0.9% | ||
| Q4 24 | 1.9% | 1.4% | ||
| Q3 24 | 2.1% | 1.5% | ||
| Q2 24 | 2.5% | 1.2% | ||
| Q1 24 | 1.7% | 0.9% |
| Q4 25 | — | 1.28× | ||
| Q3 25 | — | -1.27× | ||
| Q2 25 | — | -5.08× | ||
| Q1 25 | 416.65× | 4.86× | ||
| Q4 24 | 2.38× | -0.98× | ||
| Q3 24 | 6.03× | -5.14× | ||
| Q2 24 | 6.15× | -8.97× | ||
| Q1 24 | 3.28× | 7.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MEC
| Fabrication | $72.2M | 54% |
| Construction And Access | $19.2M | 14% |
| Tubes | $16.2M | 12% |
| Other Market | $11.9M | 9% |
| Agriculture | $7.7M | 6% |
| Military | $6.7M | 5% |
| Outdoor Sports | $1.7M | 1% |
MOV
| Other | $81.4M | 44% |
| Owned Brands Category | $46.0M | 25% |
| Sales Channel Directly To Consumer | $35.3M | 19% |
| Company Stores | $23.4M | 13% |
