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Side-by-side financial comparison of MOVADO GROUP INC (MOV) and nCino, Inc. (NCNO). Click either name above to swap in a different company.
MOVADO GROUP INC is the larger business by last-quarter revenue ($186.1M vs $152.2M, roughly 1.2× nCino, Inc.). MOVADO GROUP INC runs the higher net margin — 5.1% vs 4.3%, a 0.9% gap on every dollar of revenue. On growth, nCino, Inc. posted the faster year-over-year revenue change (9.6% vs 1.9%). MOVADO GROUP INC produced more free cash flow last quarter ($11.6M vs $4.9M). Over the past eight quarters, nCino, Inc.'s revenue compounded faster (10.9% CAGR vs 2.9%).
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.
nCino, Inc. is a global financial technology company headquartered in Wilmington, North Carolina. The company offers its cloud-based banking software and core banking platform. The nCino Platform is used by banks and credit unions, and enterprise financial institutions.
MOV vs NCNO — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $186.1M | $152.2M |
| Net Profit | $9.6M | $6.5M |
| Gross Margin | 54.3% | 61.6% |
| Operating Margin | 6.3% | 7.7% |
| Net Margin | 5.1% | 4.3% |
| Revenue YoY | 1.9% | 9.6% |
| Net Profit YoY | 89.8% | 224.5% |
| EPS (diluted) | $0.42 | $0.06 |
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 | $152.2M | ||
| Q3 25 | $161.8M | $148.8M | ||
| Q2 25 | $131.8M | $144.1M | ||
| Q1 25 | $181.5M | $141.4M | ||
| Q4 24 | $180.5M | $138.8M | ||
| Q3 24 | $157.0M | $132.4M | ||
| Q2 24 | $134.4M | $128.1M | ||
| Q1 24 | $175.8M | $123.7M |
| Q4 25 | $9.6M | $6.5M | ||
| Q3 25 | $3.0M | $-15.3M | ||
| Q2 25 | $1.4M | $5.6M | ||
| Q1 25 | $8.1M | $-18.6M | ||
| Q4 24 | $4.8M | $-5.3M | ||
| Q3 24 | $3.5M | $-11.0M | ||
| Q2 24 | $2.0M | $-3.0M | ||
| Q1 24 | $9.8M | $1.2M |
| Q4 25 | 54.3% | 61.6% | ||
| Q3 25 | 54.1% | 59.2% | ||
| Q2 25 | 54.1% | 60.0% | ||
| Q1 25 | 54.2% | 59.7% | ||
| Q4 24 | 53.5% | 61.3% | ||
| Q3 24 | 54.3% | 59.3% | ||
| Q2 24 | 54.3% | 60.0% | ||
| Q1 24 | 53.5% | 60.2% |
| Q4 25 | 6.3% | 7.7% | ||
| Q3 25 | 2.5% | -6.2% | ||
| Q2 25 | 0.2% | -1.0% | ||
| Q1 25 | 5.1% | -4.1% | ||
| Q4 24 | 3.3% | -0.6% | ||
| Q3 24 | 1.7% | -6.0% | ||
| Q2 24 | 1.6% | -2.9% | ||
| Q1 24 | 6.1% | -2.6% |
| Q4 25 | 5.1% | 4.3% | ||
| Q3 25 | 1.8% | -10.3% | ||
| Q2 25 | 1.1% | 3.9% | ||
| Q1 25 | 4.4% | -13.2% | ||
| Q4 24 | 2.7% | -3.8% | ||
| Q3 24 | 2.2% | -8.3% | ||
| Q2 24 | 1.5% | -2.3% | ||
| Q1 24 | 5.6% | 0.9% |
| Q4 25 | $0.42 | $0.06 | ||
| Q3 25 | $0.13 | $-0.13 | ||
| Q2 25 | $0.06 | $0.05 | ||
| Q1 25 | $0.36 | $-0.15 | ||
| Q4 24 | $0.21 | $-0.05 | ||
| Q3 24 | $0.15 | $-0.10 | ||
| Q2 24 | $0.09 | $-0.03 | ||
| Q1 24 | $0.44 | $0.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $183.9M | $87.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $497.5M | $1.0B |
| Total Assets | $751.9M | $1.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $183.9M | $87.6M | ||
| Q3 25 | $180.5M | $122.9M | ||
| Q2 25 | $203.1M | $133.2M | ||
| Q1 25 | $208.5M | $120.9M | ||
| Q4 24 | $181.5M | $257.9M | ||
| Q3 24 | $198.3M | $121.4M | ||
| Q2 24 | $225.4M | $129.5M | ||
| Q1 24 | $262.1M | $112.1M |
| Q4 25 | $497.5M | $1.0B | ||
| Q3 25 | $489.9M | $1.1B | ||
| Q2 25 | $493.2M | $1.1B | ||
| Q1 25 | $481.3M | $1.1B | ||
| Q4 24 | $491.3M | $1.1B | ||
| Q3 24 | $492.0M | $1.1B | ||
| Q2 24 | $489.6M | $1.1B | ||
| Q1 24 | $505.9M | $1.0B |
| Q4 25 | $751.9M | $1.6B | ||
| Q3 25 | $748.7M | $1.6B | ||
| Q2 25 | $747.2M | $1.7B | ||
| Q1 25 | $729.2M | $1.6B | ||
| Q4 24 | $747.2M | $1.5B | ||
| Q3 24 | $742.5M | $1.4B | ||
| Q2 24 | $736.0M | $1.4B | ||
| Q1 24 | $756.5M | $1.3B |
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 | $5.1M |
| Free Cash FlowOCF − Capex | $11.6M | $4.9M |
| FCF MarginFCF / Revenue | 6.2% | 3.2% |
| Capex IntensityCapex / Revenue | 0.4% | 0.1% |
| Cash ConversionOCF / Net Profit | 1.28× | 0.78× |
| TTM Free Cash FlowTrailing 4 quarters | $35.3M | $59.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.3M | $5.1M | ||
| Q3 25 | $-3.8M | $17.7M | ||
| Q2 25 | $-7.2M | $54.3M | ||
| Q1 25 | $39.1M | $-10.0M | ||
| Q4 24 | $-4.7M | $5.8M | ||
| Q3 24 | $-17.8M | $5.0M | ||
| Q2 24 | $-18.1M | $54.4M | ||
| Q1 24 | $69.4M | $8.1M |
| Q4 25 | $11.6M | $4.9M | ||
| Q3 25 | $-5.1M | $12.6M | ||
| Q2 25 | $-8.7M | $52.6M | ||
| Q1 25 | $37.5M | $-10.4M | ||
| Q4 24 | $-7.2M | $5.1M | ||
| Q3 24 | $-20.1M | $4.6M | ||
| Q2 24 | $-19.7M | $54.1M | ||
| Q1 24 | $67.8M | $7.7M |
| Q4 25 | 6.2% | 3.2% | ||
| Q3 25 | -3.1% | 8.5% | ||
| Q2 25 | -6.6% | 36.5% | ||
| Q1 25 | 20.7% | -7.3% | ||
| Q4 24 | -4.0% | 3.7% | ||
| Q3 24 | -12.8% | 3.4% | ||
| Q2 24 | -14.7% | 42.2% | ||
| Q1 24 | 38.6% | 6.2% |
| Q4 25 | 0.4% | 0.1% | ||
| Q3 25 | 0.8% | 3.5% | ||
| Q2 25 | 1.2% | 1.2% | ||
| Q1 25 | 0.9% | 0.2% | ||
| Q4 24 | 1.4% | 0.5% | ||
| Q3 24 | 1.5% | 0.3% | ||
| Q2 24 | 1.2% | 0.3% | ||
| Q1 24 | 0.9% | 0.3% |
| Q4 25 | 1.28× | 0.78× | ||
| Q3 25 | -1.27× | — | ||
| Q2 25 | -5.08× | 9.77× | ||
| Q1 25 | 4.86× | — | ||
| Q4 24 | -0.98× | — | ||
| Q3 24 | -5.14× | — | ||
| Q2 24 | -8.97× | — | ||
| Q1 24 | 7.06× | 7.02× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MOV
| Other | $81.4M | 44% |
| Owned Brands Category | $46.0M | 25% |
| Sales Channel Directly To Consumer | $35.3M | 19% |
| Company Stores | $23.4M | 13% |
NCNO
| License And Service | $133.4M | 88% |
| Professional Services | $18.8M | 12% |
