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Side-by-side financial comparison of MOVADO GROUP INC (MOV) and Piedmont Realty Trust, Inc. (PDM). Click either name above to swap in a different company.
MOVADO GROUP INC is the larger business by last-quarter revenue ($186.1M vs $143.3M, roughly 1.3× Piedmont Realty Trust, Inc.). MOVADO GROUP INC runs the higher net margin — 5.1% vs -31.4%, a 36.6% gap on every dollar of revenue. On growth, MOVADO GROUP INC posted the faster year-over-year revenue change (1.9% vs 0.4%). Over the past eight quarters, MOVADO GROUP INC's revenue compounded faster (2.9% CAGR vs 0.0%).
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.
Piedmont Realty Trust, Inc. is a publicly traded real estate investment trust (REIT) that owns, operates, and invests in high-quality office properties primarily located in high-growth metropolitan areas across the United States. It serves corporate tenants across multiple industry sectors including technology, professional services, and healthcare, and pursues stable long-term returns for stakeholders via strategic property management and portfolio optimization.
MOV vs PDM — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $186.1M | $143.3M |
| Net Profit | $9.6M | $-45.0M |
| Gross Margin | 54.3% | — |
| Operating Margin | 6.3% | — |
| Net Margin | 5.1% | -31.4% |
| Revenue YoY | 1.9% | 0.4% |
| Net Profit YoY | 89.8% | -27.9% |
| EPS (diluted) | $0.42 | $-0.10 |
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.
| Q1 26 | — | $143.3M | ||
| Q4 25 | $186.1M | $142.9M | ||
| Q3 25 | $161.8M | $139.2M | ||
| Q2 25 | $131.8M | $140.3M | ||
| Q1 25 | $181.5M | $142.7M | ||
| Q4 24 | $180.5M | $143.2M | ||
| Q3 24 | $157.0M | $139.3M | ||
| Q2 24 | $134.4M | $143.3M |
| Q1 26 | — | $-45.0M | ||
| Q4 25 | $9.6M | $-43.2M | ||
| Q3 25 | $3.0M | $-13.5M | ||
| Q2 25 | $1.4M | $-16.8M | ||
| Q1 25 | $8.1M | $-10.1M | ||
| Q4 24 | $4.8M | $-30.0M | ||
| Q3 24 | $3.5M | $-11.5M | ||
| Q2 24 | $2.0M | $-9.8M |
| Q1 26 | — | — | ||
| Q4 25 | 54.3% | — | ||
| Q3 25 | 54.1% | — | ||
| Q2 25 | 54.1% | — | ||
| Q1 25 | 54.2% | — | ||
| Q4 24 | 53.5% | — | ||
| Q3 24 | 54.3% | — | ||
| Q2 24 | 54.3% | — |
| Q1 26 | — | — | ||
| Q4 25 | 6.3% | — | ||
| Q3 25 | 2.5% | — | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 5.1% | — | ||
| Q4 24 | 3.3% | — | ||
| Q3 24 | 1.7% | — | ||
| Q2 24 | 1.6% | — |
| Q1 26 | — | -31.4% | ||
| Q4 25 | 5.1% | -30.3% | ||
| Q3 25 | 1.8% | -9.7% | ||
| Q2 25 | 1.1% | -12.0% | ||
| Q1 25 | 4.4% | -7.1% | ||
| Q4 24 | 2.7% | -20.9% | ||
| Q3 24 | 2.2% | -8.3% | ||
| Q2 24 | 1.5% | -6.8% |
| Q1 26 | — | $-0.10 | ||
| Q4 25 | $0.42 | $-0.34 | ||
| Q3 25 | $0.13 | $-0.11 | ||
| Q2 25 | $0.06 | $-0.14 | ||
| Q1 25 | $0.36 | $-0.08 | ||
| Q4 24 | $0.21 | $-0.25 | ||
| Q3 24 | $0.15 | $-0.09 | ||
| Q2 24 | $0.09 | $-0.08 |
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 | $2.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $497.5M | $1.5B |
| Total Assets | $751.9M | $4.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $2.3M | ||
| Q4 25 | $183.9M | $731.0K | ||
| Q3 25 | $180.5M | $3.0M | ||
| Q2 25 | $203.1M | $3.3M | ||
| Q1 25 | $208.5M | $2.9M | ||
| Q4 24 | $181.5M | $109.6M | ||
| Q3 24 | $198.3M | $133.6M | ||
| Q2 24 | $225.4M | $138.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.2B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | — | $2.2B |
| Q1 26 | — | $1.5B | ||
| Q4 25 | $497.5M | $1.5B | ||
| Q3 25 | $489.9M | $1.5B | ||
| Q2 25 | $493.2M | $1.5B | ||
| Q1 25 | $481.3M | $1.6B | ||
| Q4 24 | $491.3M | $1.6B | ||
| Q3 24 | $492.0M | $1.6B | ||
| Q2 24 | $489.6M | $1.7B |
| Q1 26 | — | $4.0B | ||
| Q4 25 | $751.9M | $4.0B | ||
| Q3 25 | $748.7M | $4.0B | ||
| Q2 25 | $747.2M | $4.0B | ||
| Q1 25 | $729.2M | $4.0B | ||
| Q4 24 | $747.2M | $4.1B | ||
| Q3 24 | $742.5M | $4.1B | ||
| Q2 24 | $736.0M | $4.2B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.49× | ||
| Q3 25 | — | 1.43× | ||
| Q2 25 | — | 1.41× | ||
| Q1 25 | — | 1.40× | ||
| Q4 24 | — | 1.40× | ||
| Q3 24 | — | 1.36× | ||
| Q2 24 | — | 1.34× |
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 | — |
| Free Cash FlowOCF − Capex | $11.6M | — |
| FCF MarginFCF / Revenue | 6.2% | — |
| Capex IntensityCapex / Revenue | 0.4% | 110.3% |
| Cash ConversionOCF / Net Profit | 1.28× | — |
| TTM Free Cash FlowTrailing 4 quarters | $35.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $12.3M | $140.6M | ||
| Q3 25 | $-3.8M | $35.8M | ||
| Q2 25 | $-7.2M | $50.1M | ||
| Q1 25 | $39.1M | $3.7M | ||
| Q4 24 | $-4.7M | $198.1M | ||
| Q3 24 | $-17.8M | $42.9M | ||
| Q2 24 | $-18.1M | $66.8M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | 110.3% | ||
| 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 26 | — | — | ||
| 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× | — |
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% |
PDM
Segment breakdown not available.
