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Side-by-side financial comparison of MOVADO GROUP INC (MOV) and Natural Grocers by Vitamin Cottage, Inc. (NGVC). Click either name above to swap in a different company.
Natural Grocers by Vitamin Cottage, Inc. is the larger business by last-quarter revenue ($335.6M vs $186.1M, roughly 1.8× MOVADO GROUP INC). MOVADO GROUP INC runs the higher net margin — 5.1% vs 3.4%, a 1.8% gap on every dollar of revenue. On growth, MOVADO GROUP INC posted the faster year-over-year revenue change (1.9% vs 1.6%). MOVADO GROUP INC produced more free cash flow last quarter ($11.6M vs $11.6M). Over the past eight quarters, Natural Grocers by Vitamin Cottage, Inc.'s revenue compounded faster (4.4% 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.
Natural Grocers by Vitamin Cottage, Inc. is a U.S.-based specialty retail chain that offers certified organic groceries, dietary supplements, natural personal care items, and eco-friendly household products. It serves health-conscious consumers across multiple U.S. states, following strict quality standards that exclude artificial preservatives, colors, flavors and harmful additives.
MOV vs NGVC — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $186.1M | $335.6M |
| Net Profit | $9.6M | $11.3M |
| Gross Margin | 54.3% | 29.5% |
| Operating Margin | 6.3% | 4.4% |
| Net Margin | 5.1% | 3.4% |
| Revenue YoY | 1.9% | 1.6% |
| Net Profit YoY | 89.8% | 14.0% |
| EPS (diluted) | $0.42 | $0.49 |
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 | $335.6M | ||
| Q3 25 | $161.8M | $336.1M | ||
| Q2 25 | $131.8M | $328.7M | ||
| Q1 25 | $181.5M | $335.8M | ||
| Q4 24 | $180.5M | $330.2M | ||
| Q3 24 | $157.0M | $322.7M | ||
| Q2 24 | $134.4M | $309.1M | ||
| Q1 24 | $175.8M | $308.1M |
| Q4 25 | $9.6M | $11.3M | ||
| Q3 25 | $3.0M | $11.8M | ||
| Q2 25 | $1.4M | $11.6M | ||
| Q1 25 | $8.1M | $13.1M | ||
| Q4 24 | $4.8M | $9.9M | ||
| Q3 24 | $3.5M | $9.0M | ||
| Q2 24 | $2.0M | $9.2M | ||
| Q1 24 | $9.8M | $8.0M |
| Q4 25 | 54.3% | 29.5% | ||
| Q3 25 | 54.1% | 29.5% | ||
| Q2 25 | 54.1% | 29.9% | ||
| Q1 25 | 54.2% | 30.3% | ||
| Q4 24 | 53.5% | 29.9% | ||
| Q3 24 | 54.3% | 29.6% | ||
| Q2 24 | 54.3% | 29.2% | ||
| Q1 24 | 53.5% | 29.3% |
| Q4 25 | 6.3% | 4.4% | ||
| Q3 25 | 2.5% | 4.6% | ||
| Q2 25 | 0.2% | 4.7% | ||
| Q1 25 | 5.1% | 5.2% | ||
| Q4 24 | 3.3% | 4.0% | ||
| Q3 24 | 1.7% | 3.7% | ||
| Q2 24 | 1.6% | 4.2% | ||
| Q1 24 | 6.1% | 3.7% |
| Q4 25 | 5.1% | 3.4% | ||
| Q3 25 | 1.8% | 3.5% | ||
| Q2 25 | 1.1% | 3.5% | ||
| Q1 25 | 4.4% | 3.9% | ||
| Q4 24 | 2.7% | 3.0% | ||
| Q3 24 | 2.2% | 2.8% | ||
| Q2 24 | 1.5% | 3.0% | ||
| Q1 24 | 5.6% | 2.6% |
| Q4 25 | $0.42 | $0.49 | ||
| Q3 25 | $0.13 | $0.51 | ||
| Q2 25 | $0.06 | $0.50 | ||
| Q1 25 | $0.36 | $0.56 | ||
| Q4 24 | $0.21 | $0.43 | ||
| Q3 24 | $0.15 | $0.38 | ||
| Q2 24 | $0.09 | $0.40 | ||
| Q1 24 | $0.44 | $0.35 |
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 | $23.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $497.5M | $220.0M |
| Total Assets | $751.9M | $668.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $183.9M | $23.2M | ||
| Q3 25 | $180.5M | $17.1M | ||
| Q2 25 | $203.1M | $13.2M | ||
| Q1 25 | $208.5M | $21.2M | ||
| Q4 24 | $181.5M | $6.3M | ||
| Q3 24 | $198.3M | $8.9M | ||
| Q2 24 | $225.4M | $13.9M | ||
| Q1 24 | $262.1M | $11.0M |
| Q4 25 | $497.5M | $220.0M | ||
| Q3 25 | $489.9M | $212.4M | ||
| Q2 25 | $493.2M | $202.5M | ||
| Q1 25 | $481.3M | $193.0M | ||
| Q4 24 | $491.3M | $181.9M | ||
| Q3 24 | $492.0M | $174.3M | ||
| Q2 24 | $489.6M | $167.8M | ||
| Q1 24 | $505.9M | $160.0M |
| Q4 25 | $751.9M | $668.6M | ||
| Q3 25 | $748.7M | $670.5M | ||
| Q2 25 | $747.2M | $659.0M | ||
| Q1 25 | $729.2M | $664.6M | ||
| Q4 24 | $747.2M | $648.9M | ||
| Q3 24 | $742.5M | $655.5M | ||
| Q2 24 | $736.0M | $654.4M | ||
| Q1 24 | $756.5M | $656.6M |
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 | $21.1M |
| Free Cash FlowOCF − Capex | $11.6M | $11.6M |
| FCF MarginFCF / Revenue | 6.2% | 3.4% |
| Capex IntensityCapex / Revenue | 0.4% | 2.9% |
| Cash ConversionOCF / Net Profit | 1.28× | 1.86× |
| TTM Free Cash FlowTrailing 4 quarters | $35.3M | $42.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.3M | $21.1M | ||
| Q3 25 | $-3.8M | $15.6M | ||
| Q2 25 | $-7.2M | $2.9M | ||
| Q1 25 | $39.1M | $34.1M | ||
| Q4 24 | $-4.7M | $2.7M | ||
| Q3 24 | $-17.8M | $24.5M | ||
| Q2 24 | $-18.1M | $12.4M | ||
| Q1 24 | $69.4M | $20.2M |
| Q4 25 | $11.6M | $11.6M | ||
| Q3 25 | $-5.1M | $7.5M | ||
| Q2 25 | $-8.7M | $-4.2M | ||
| Q1 25 | $37.5M | $27.6M | ||
| Q4 24 | $-7.2M | $-6.9M | ||
| Q3 24 | $-20.1M | $18.0M | ||
| Q2 24 | $-19.7M | $3.6M | ||
| Q1 24 | $67.8M | $9.8M |
| Q4 25 | 6.2% | 3.4% | ||
| Q3 25 | -3.1% | 2.2% | ||
| Q2 25 | -6.6% | -1.3% | ||
| Q1 25 | 20.7% | 8.2% | ||
| Q4 24 | -4.0% | -2.1% | ||
| Q3 24 | -12.8% | 5.6% | ||
| Q2 24 | -14.7% | 1.2% | ||
| Q1 24 | 38.6% | 3.2% |
| Q4 25 | 0.4% | 2.9% | ||
| Q3 25 | 0.8% | 2.4% | ||
| Q2 25 | 1.2% | 2.2% | ||
| Q1 25 | 0.9% | 1.9% | ||
| Q4 24 | 1.4% | 2.9% | ||
| Q3 24 | 1.5% | 2.0% | ||
| Q2 24 | 1.2% | 2.9% | ||
| Q1 24 | 0.9% | 3.4% |
| Q4 25 | 1.28× | 1.86× | ||
| Q3 25 | -1.27× | 1.32× | ||
| Q2 25 | -5.08× | 0.25× | ||
| Q1 25 | 4.86× | 2.60× | ||
| Q4 24 | -0.98× | 0.27× | ||
| Q3 24 | -5.14× | 2.72× | ||
| Q2 24 | -8.97× | 1.35× | ||
| Q1 24 | 7.06× | 2.54× |
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% |
NGVC
| Grocery | $243.8M | 73% |
| Dietary Supplements | $60.7M | 18% |
| Manufactured Product Other | $31.0M | 9% |
