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Side-by-side financial comparison of MOVADO GROUP INC (MOV) and Ranpak Holdings Corp. (PACK). Click either name above to swap in a different company.
MOVADO GROUP INC is the larger business by last-quarter revenue ($186.1M vs $93.7M, roughly 2.0× Ranpak Holdings Corp.). On growth, Ranpak Holdings Corp. posted the faster year-over-year revenue change (2.3% vs 1.9%). Over the past eight quarters, Ranpak Holdings Corp.'s revenue compounded faster (13.7% 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.
Ranpak Holdings Corp. manufactures machines and paper products used in protective paper-based packing for shipping goods and merchandise for e-commerce and industry, along with automation solutions. The company is based in Concord, Ohio, and has production facilities and offices in Reno, Nevada; Kansas City, Missouri; the Netherlands; Czech Republic; Shanghai and Singapore. The paper packaging material can be used for multiple applications like wrapping, cushioning, void fill and cold chain p...
MOV vs PACK — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $186.1M | $93.7M |
| Net Profit | $9.6M | — |
| Gross Margin | 54.3% | 39.0% |
| Operating Margin | 6.3% | -1.0% |
| Net Margin | 5.1% | — |
| Revenue YoY | 1.9% | 2.3% |
| Net Profit YoY | 89.8% | — |
| EPS (diluted) | $0.42 | $-0.11 |
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 | $93.7M | ||
| Q3 25 | $161.8M | $83.6M | ||
| Q2 25 | $131.8M | $77.8M | ||
| Q1 25 | $181.5M | $77.6M | ||
| Q4 24 | $180.5M | $91.6M | ||
| Q3 24 | $157.0M | $78.6M | ||
| Q2 24 | $134.4M | $72.8M | ||
| Q1 24 | $175.8M | $72.5M |
| Q4 25 | $9.6M | — | ||
| Q3 25 | $3.0M | $-10.4M | ||
| Q2 25 | $1.4M | $-7.5M | ||
| Q1 25 | $8.1M | $-10.9M | ||
| Q4 24 | $4.8M | — | ||
| Q3 24 | $3.5M | $-8.1M | ||
| Q2 24 | $2.0M | $5.5M | ||
| Q1 24 | $9.8M | $-8.1M |
| Q4 25 | 54.3% | 39.0% | ||
| Q3 25 | 54.1% | 41.1% | ||
| Q2 25 | 54.1% | 37.1% | ||
| Q1 25 | 54.2% | 39.8% | ||
| Q4 24 | 53.5% | 45.2% | ||
| Q3 24 | 54.3% | 43.8% | ||
| Q2 24 | 54.3% | 43.5% | ||
| Q1 24 | 53.5% | 44.6% |
| Q4 25 | 6.3% | -1.0% | ||
| Q3 25 | 2.5% | -6.8% | ||
| Q2 25 | 0.2% | -12.5% | ||
| Q1 25 | 5.1% | -10.3% | ||
| Q4 24 | 3.3% | 1.5% | ||
| Q3 24 | 1.7% | -5.3% | ||
| Q2 24 | 1.6% | -7.1% | ||
| Q1 24 | 6.1% | -6.6% |
| Q4 25 | 5.1% | — | ||
| Q3 25 | 1.8% | -12.4% | ||
| Q2 25 | 1.1% | -9.6% | ||
| Q1 25 | 4.4% | -14.0% | ||
| Q4 24 | 2.7% | — | ||
| Q3 24 | 2.2% | -10.3% | ||
| Q2 24 | 1.5% | 7.6% | ||
| Q1 24 | 5.6% | -11.2% |
| Q4 25 | $0.42 | $-0.11 | ||
| Q3 25 | $0.13 | $-0.12 | ||
| Q2 25 | $0.06 | $-0.09 | ||
| Q1 25 | $0.36 | $-0.13 | ||
| Q4 24 | $0.21 | $-0.13 | ||
| Q3 24 | $0.15 | $-0.10 | ||
| Q2 24 | $0.09 | $0.07 | ||
| Q1 24 | $0.44 | $-0.10 |
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 | $63.0M |
| Total DebtLower is stronger | — | $401.9M |
| Stockholders' EquityBook value | $497.5M | $534.9M |
| Total Assets | $751.9M | $1.1B |
| Debt / EquityLower = less leverage | — | 0.75× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $183.9M | $63.0M | ||
| Q3 25 | $180.5M | $49.9M | ||
| Q2 25 | $203.1M | $49.2M | ||
| Q1 25 | $208.5M | $65.5M | ||
| Q4 24 | $181.5M | $76.1M | ||
| Q3 24 | $198.3M | $69.5M | ||
| Q2 24 | $225.4M | $65.1M | ||
| Q1 24 | $262.1M | $55.1M |
| Q4 25 | — | $401.9M | ||
| Q3 25 | — | $403.1M | ||
| Q2 25 | — | $403.1M | ||
| Q1 25 | — | $405.2M | ||
| Q4 24 | — | $406.4M | ||
| Q3 24 | — | $403.2M | ||
| Q2 24 | — | $396.1M | ||
| Q1 24 | — | $396.7M |
| Q4 25 | $497.5M | $534.9M | ||
| Q3 25 | $489.9M | $537.8M | ||
| Q2 25 | $493.2M | $539.0M | ||
| Q1 25 | $481.3M | $544.1M | ||
| Q4 24 | $491.3M | $548.1M | ||
| Q3 24 | $492.0M | $564.3M | ||
| Q2 24 | $489.6M | $566.2M | ||
| Q1 24 | $505.9M | $560.0M |
| Q4 25 | $751.9M | $1.1B | ||
| Q3 25 | $748.7M | $1.1B | ||
| Q2 25 | $747.2M | $1.1B | ||
| Q1 25 | $729.2M | $1.1B | ||
| Q4 24 | $747.2M | $1.1B | ||
| Q3 24 | $742.5M | $1.1B | ||
| Q2 24 | $736.0M | $1.1B | ||
| Q1 24 | $756.5M | $1.1B |
| Q4 25 | — | 0.75× | ||
| Q3 25 | — | 0.75× | ||
| Q2 25 | — | 0.75× | ||
| Q1 25 | — | 0.74× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | — | 0.71× | ||
| Q2 24 | — | 0.70× | ||
| Q1 24 | — | 0.71× |
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 | $19.5M |
| 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.
| Q4 25 | $12.3M | $19.5M | ||
| Q3 25 | $-3.8M | $8.5M | ||
| Q2 25 | $-7.2M | $-3.6M | ||
| Q1 25 | $39.1M | $-1.3M | ||
| Q4 24 | $-4.7M | $6.5M | ||
| Q3 24 | $-17.8M | $10.1M | ||
| Q2 24 | $-18.1M | $19.6M | ||
| Q1 24 | $69.4M | $5.2M |
| Q4 25 | $11.6M | — | ||
| Q3 25 | $-5.1M | — | ||
| Q2 25 | $-8.7M | — | ||
| Q1 25 | $37.5M | — | ||
| Q4 24 | $-7.2M | — | ||
| Q3 24 | $-20.1M | — | ||
| Q2 24 | $-19.7M | — | ||
| Q1 24 | $67.8M | — |
| Q4 25 | 6.2% | — | ||
| Q3 25 | -3.1% | — | ||
| Q2 25 | -6.6% | — | ||
| Q1 25 | 20.7% | — | ||
| Q4 24 | -4.0% | — | ||
| Q3 24 | -12.8% | — | ||
| Q2 24 | -14.7% | — | ||
| Q1 24 | 38.6% | — |
| Q4 25 | 0.4% | — | ||
| Q3 25 | 0.8% | — | ||
| Q2 25 | 1.2% | — | ||
| Q1 25 | 0.9% | — | ||
| Q4 24 | 1.4% | — | ||
| Q3 24 | 1.5% | — | ||
| Q2 24 | 1.2% | — | ||
| Q1 24 | 0.9% | — |
| Q4 25 | 1.28× | — | ||
| Q3 25 | -1.27× | — | ||
| Q2 25 | -5.08× | — | ||
| Q1 25 | 4.86× | — | ||
| Q4 24 | -0.98× | — | ||
| Q3 24 | -5.14× | — | ||
| Q2 24 | -8.97× | 3.56× | ||
| Q1 24 | 7.06× | — |
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% |
PACK
| Other | $47.9M | 51% |
| Europe And Asia Segment | $45.8M | 49% |
