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Side-by-side financial comparison of MOVADO GROUP INC (MOV) and National Storage Affiliates Trust (NSA). Click either name above to swap in a different company.
National Storage Affiliates Trust is the larger business by last-quarter revenue ($187.0M vs $186.1M, roughly 1.0× MOVADO GROUP INC). National Storage Affiliates Trust runs the higher net margin — 12.2% vs 5.1%, a 7.1% gap on every dollar of revenue. On growth, MOVADO GROUP INC posted the faster year-over-year revenue change (1.9% vs -1.6%). National Storage Affiliates Trust produced more free cash flow last quarter ($299.8M vs $11.6M). Over the past eight quarters, MOVADO GROUP INC's revenue compounded faster (2.9% CAGR vs -2.4%).
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.
National Storage Affiliates Trust is a U.S.-headquartered real estate investment trust focused on self-storage assets. It owns, operates and acquires self-storage facilities across dozens of U.S. states, offering secure storage solutions for residential and commercial customers.
MOV vs NSA — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $186.1M | $187.0M |
| Net Profit | $9.6M | $22.9M |
| Gross Margin | 54.3% | 72.5% |
| Operating Margin | 6.3% | 20.2% |
| Net Margin | 5.1% | 12.2% |
| Revenue YoY | 1.9% | -1.6% |
| Net Profit YoY | 89.8% | 36.8% |
| EPS (diluted) | $0.42 | $0.23 |
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 | $187.0M | ||
| Q3 25 | $161.8M | $188.7M | ||
| Q2 25 | $131.8M | $188.8M | ||
| Q1 25 | $181.5M | $188.4M | ||
| Q4 24 | $180.5M | $190.1M | ||
| Q3 24 | $157.0M | $193.6M | ||
| Q2 24 | $134.4M | $190.4M | ||
| Q1 24 | $175.8M | $196.1M |
| Q4 25 | $9.6M | $22.9M | ||
| Q3 25 | $3.0M | $18.4M | ||
| Q2 25 | $1.4M | $19.5M | ||
| Q1 25 | $8.1M | $13.0M | ||
| Q4 24 | $4.8M | $16.7M | ||
| Q3 24 | $3.5M | $18.7M | ||
| Q2 24 | $2.0M | $17.1M | ||
| Q1 24 | $9.8M | $59.0M |
| Q4 25 | 54.3% | 72.5% | ||
| Q3 25 | 54.1% | 70.7% | ||
| Q2 25 | 54.1% | 70.5% | ||
| Q1 25 | 54.2% | 70.7% | ||
| Q4 24 | 53.5% | 72.5% | ||
| Q3 24 | 54.3% | 72.8% | ||
| Q2 24 | 54.3% | 72.6% | ||
| Q1 24 | 53.5% | 72.1% |
| Q4 25 | 6.3% | 20.2% | ||
| Q3 25 | 2.5% | 15.8% | ||
| Q2 25 | 0.2% | 16.5% | ||
| Q1 25 | 5.1% | 11.0% | ||
| Q4 24 | 3.3% | 14.5% | ||
| Q3 24 | 1.7% | 15.8% | ||
| Q2 24 | 1.6% | 17.2% | ||
| Q1 24 | 6.1% | 48.9% |
| Q4 25 | 5.1% | 12.2% | ||
| Q3 25 | 1.8% | 9.8% | ||
| Q2 25 | 1.1% | 10.3% | ||
| Q1 25 | 4.4% | 6.9% | ||
| Q4 24 | 2.7% | 8.8% | ||
| Q3 24 | 2.2% | 9.7% | ||
| Q2 24 | 1.5% | 9.0% | ||
| Q1 24 | 5.6% | 30.1% |
| Q4 25 | $0.42 | $0.23 | ||
| Q3 25 | $0.13 | $0.17 | ||
| Q2 25 | $0.06 | $0.19 | ||
| Q1 25 | $0.36 | $0.10 | ||
| Q4 24 | $0.21 | $0.19 | ||
| Q3 24 | $0.15 | $0.18 | ||
| Q2 24 | $0.09 | $0.16 | ||
| Q1 24 | $0.44 | $0.65 |
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 | $23.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $497.5M | $946.0M |
| Total Assets | $751.9M | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $183.9M | $23.3M | ||
| Q3 25 | $180.5M | $26.3M | ||
| Q2 25 | $203.1M | $26.1M | ||
| Q1 25 | $208.5M | $19.3M | ||
| Q4 24 | $181.5M | $50.4M | ||
| Q3 24 | $198.3M | $69.9M | ||
| Q2 24 | $225.4M | $59.0M | ||
| Q1 24 | $262.1M | $64.2M |
| Q4 25 | $497.5M | $946.0M | ||
| Q3 25 | $489.9M | $973.1M | ||
| Q2 25 | $493.2M | $1.0B | ||
| Q1 25 | $481.3M | $1.0B | ||
| Q4 24 | $491.3M | $1.1B | ||
| Q3 24 | $492.0M | $986.9M | ||
| Q2 24 | $489.6M | $1.2B | ||
| Q1 24 | $505.9M | $1.3B |
| Q4 25 | $751.9M | $5.1B | ||
| Q3 25 | $748.7M | $5.1B | ||
| Q2 25 | $747.2M | $5.2B | ||
| Q1 25 | $729.2M | $5.3B | ||
| Q4 24 | $747.2M | $5.4B | ||
| Q3 24 | $742.5M | $5.4B | ||
| Q2 24 | $736.0M | $5.3B | ||
| Q1 24 | $756.5M | $5.4B |
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 | $338.5M |
| Free Cash FlowOCF − Capex | $11.6M | $299.8M |
| FCF MarginFCF / Revenue | 6.2% | 160.3% |
| Capex IntensityCapex / Revenue | 0.4% | 20.7% |
| Cash ConversionOCF / Net Profit | 1.28× | 14.79× |
| TTM Free Cash FlowTrailing 4 quarters | $35.3M | $541.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.3M | $338.5M | ||
| Q3 25 | $-3.8M | $100.2M | ||
| Q2 25 | $-7.2M | $79.9M | ||
| Q1 25 | $39.1M | $85.6M | ||
| Q4 24 | $-4.7M | $363.1M | ||
| Q3 24 | $-17.8M | $105.7M | ||
| Q2 24 | $-18.1M | $83.2M | ||
| Q1 24 | $69.4M | $94.0M |
| Q4 25 | $11.6M | $299.8M | ||
| Q3 25 | $-5.1M | $88.0M | ||
| Q2 25 | $-8.7M | $73.8M | ||
| Q1 25 | $37.5M | $79.9M | ||
| Q4 24 | $-7.2M | $344.4M | ||
| Q3 24 | $-20.1M | $101.8M | ||
| Q2 24 | $-19.7M | $79.5M | ||
| Q1 24 | $67.8M | $88.6M |
| Q4 25 | 6.2% | 160.3% | ||
| Q3 25 | -3.1% | 46.6% | ||
| Q2 25 | -6.6% | 39.1% | ||
| Q1 25 | 20.7% | 42.4% | ||
| Q4 24 | -4.0% | 181.2% | ||
| Q3 24 | -12.8% | 52.6% | ||
| Q2 24 | -14.7% | 41.7% | ||
| Q1 24 | 38.6% | 45.2% |
| Q4 25 | 0.4% | 20.7% | ||
| Q3 25 | 0.8% | 6.5% | ||
| Q2 25 | 1.2% | 3.2% | ||
| Q1 25 | 0.9% | 3.0% | ||
| Q4 24 | 1.4% | 9.8% | ||
| Q3 24 | 1.5% | 2.0% | ||
| Q2 24 | 1.2% | 1.9% | ||
| Q1 24 | 0.9% | 2.7% |
| Q4 25 | 1.28× | 14.79× | ||
| Q3 25 | -1.27× | 5.44× | ||
| Q2 25 | -5.08× | 4.10× | ||
| Q1 25 | 4.86× | 6.59× | ||
| Q4 24 | -0.98× | 21.70× | ||
| Q3 24 | -5.14× | 5.65× | ||
| Q2 24 | -8.97× | 4.88× | ||
| Q1 24 | 7.06× | 1.59× |
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% |
NSA
Segment breakdown not available.
