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Side-by-side financial comparison of MOVADO GROUP INC (MOV) and PHOTRONICS INC (PLAB). Click either name above to swap in a different company.
PHOTRONICS INC is the larger business by last-quarter revenue ($210.4M vs $186.1M, roughly 1.1× MOVADO GROUP INC). PHOTRONICS INC runs the higher net margin — 10.9% vs 5.1%, a 5.7% gap on every dollar of revenue. On growth, MOVADO GROUP INC posted the faster year-over-year revenue change (1.9% vs -5.5%). PHOTRONICS INC produced more free cash flow last quarter ($25.2M vs $11.6M). Over the past eight quarters, MOVADO GROUP INC's revenue compounded faster (2.9% CAGR vs -3.8%).
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.
Photronics, Inc. is an American semiconductor photomask manufacturer. It was the third largest photomask supplier globally as of 2009. Photronics is a member of the eBeam Initiative.
MOV vs PLAB — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $186.1M | $210.4M |
| Net Profit | $9.6M | $22.9M |
| Gross Margin | 54.3% | 33.7% |
| Operating Margin | 6.3% | 22.9% |
| Net Margin | 5.1% | 10.9% |
| Revenue YoY | 1.9% | -5.5% |
| Net Profit YoY | 89.8% | -32.4% |
| EPS (diluted) | $0.42 | $0.39 |
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 | — | ||
| Q3 25 | $161.8M | $210.4M | ||
| Q2 25 | $131.8M | $211.0M | ||
| Q1 25 | $181.5M | $212.1M | ||
| Q4 24 | $180.5M | $222.6M | ||
| Q3 24 | $157.0M | $211.0M | ||
| Q2 24 | $134.4M | $217.0M | ||
| Q1 24 | $175.8M | $216.3M |
| Q4 25 | $9.6M | — | ||
| Q3 25 | $3.0M | $22.9M | ||
| Q2 25 | $1.4M | $8.9M | ||
| Q1 25 | $8.1M | $42.9M | ||
| Q4 24 | $4.8M | $33.9M | ||
| Q3 24 | $3.5M | $34.4M | ||
| Q2 24 | $2.0M | $36.3M | ||
| Q1 24 | $9.8M | $26.2M |
| Q4 25 | 54.3% | — | ||
| Q3 25 | 54.1% | 33.7% | ||
| Q2 25 | 54.1% | 36.9% | ||
| Q1 25 | 54.2% | 35.6% | ||
| Q4 24 | 53.5% | 37.0% | ||
| Q3 24 | 54.3% | 35.6% | ||
| Q2 24 | 54.3% | 36.5% | ||
| Q1 24 | 53.5% | 36.6% |
| Q4 25 | 6.3% | — | ||
| Q3 25 | 2.5% | 22.9% | ||
| Q2 25 | 0.2% | 26.4% | ||
| Q1 25 | 5.1% | 24.6% | ||
| Q4 24 | 3.3% | 25.1% | ||
| Q3 24 | 1.7% | 24.7% | ||
| Q2 24 | 1.6% | 25.8% | ||
| Q1 24 | 6.1% | 26.6% |
| Q4 25 | 5.1% | — | ||
| Q3 25 | 1.8% | 10.9% | ||
| Q2 25 | 1.1% | 4.2% | ||
| Q1 25 | 4.4% | 20.2% | ||
| Q4 24 | 2.7% | 15.2% | ||
| Q3 24 | 2.2% | 16.3% | ||
| Q2 24 | 1.5% | 16.7% | ||
| Q1 24 | 5.6% | 12.1% |
| Q4 25 | $0.42 | — | ||
| Q3 25 | $0.13 | $0.39 | ||
| Q2 25 | $0.06 | $0.15 | ||
| Q1 25 | $0.36 | $0.68 | ||
| Q4 24 | $0.21 | $0.54 | ||
| Q3 24 | $0.15 | $0.55 | ||
| Q2 24 | $0.09 | $0.58 | ||
| Q1 24 | $0.44 | $0.42 |
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 | $575.8M |
| Total DebtLower is stronger | — | $16.0K |
| Stockholders' EquityBook value | $497.5M | $1.1B |
| Total Assets | $751.9M | $1.8B |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $183.9M | — | ||
| Q3 25 | $180.5M | $575.8M | ||
| Q2 25 | $203.1M | $558.4M | ||
| Q1 25 | $208.5M | $642.2M | ||
| Q4 24 | $181.5M | $640.7M | ||
| Q3 24 | $198.3M | $606.4M | ||
| Q2 24 | $225.4M | $559.9M | ||
| Q1 24 | $262.1M | $521.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | $16.0K | ||
| Q2 25 | — | $19.0K | ||
| Q1 25 | — | $21.0K | ||
| Q4 24 | — | $25.0K | ||
| Q3 24 | — | $28.0K | ||
| Q2 24 | — | $2.5M | ||
| Q1 24 | — | $2.7M |
| Q4 25 | $497.5M | — | ||
| 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 | $1.0B | ||
| Q1 24 | $505.9M | $1.0B |
| Q4 25 | $751.9M | — | ||
| Q3 25 | $748.7M | $1.8B | ||
| Q2 25 | $747.2M | $1.7B | ||
| Q1 25 | $729.2M | $1.7B | ||
| Q4 24 | $747.2M | $1.7B | ||
| Q3 24 | $742.5M | $1.6B | ||
| Q2 24 | $736.0M | $1.6B | ||
| Q1 24 | $756.5M | $1.6B |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.00× |
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 | $50.1M |
| Free Cash FlowOCF − Capex | $11.6M | $25.2M |
| FCF MarginFCF / Revenue | 6.2% | 12.0% |
| Capex IntensityCapex / Revenue | 0.4% | 11.8% |
| Cash ConversionOCF / Net Profit | 1.28× | 2.19× |
| TTM Free Cash FlowTrailing 4 quarters | $35.3M | $64.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.3M | — | ||
| Q3 25 | $-3.8M | $50.1M | ||
| Q2 25 | $-7.2M | $31.5M | ||
| Q1 25 | $39.1M | $78.5M | ||
| Q4 24 | $-4.7M | $68.4M | ||
| Q3 24 | $-17.8M | $75.1M | ||
| Q2 24 | $-18.1M | $76.5M | ||
| Q1 24 | $69.4M | $41.5M |
| Q4 25 | $11.6M | — | ||
| Q3 25 | $-5.1M | $25.2M | ||
| Q2 25 | $-8.7M | $-29.1M | ||
| Q1 25 | $37.5M | $43.3M | ||
| Q4 24 | $-7.2M | $25.2M | ||
| Q3 24 | $-20.1M | $50.7M | ||
| Q2 24 | $-19.7M | $56.5M | ||
| Q1 24 | $67.8M | $-1.8M |
| Q4 25 | 6.2% | — | ||
| Q3 25 | -3.1% | 12.0% | ||
| Q2 25 | -6.6% | -13.8% | ||
| Q1 25 | 20.7% | 20.4% | ||
| Q4 24 | -4.0% | 11.3% | ||
| Q3 24 | -12.8% | 24.0% | ||
| Q2 24 | -14.7% | 26.0% | ||
| Q1 24 | 38.6% | -0.8% |
| Q4 25 | 0.4% | — | ||
| Q3 25 | 0.8% | 11.8% | ||
| Q2 25 | 1.2% | 28.7% | ||
| Q1 25 | 0.9% | 16.6% | ||
| Q4 24 | 1.4% | 19.4% | ||
| Q3 24 | 1.5% | 11.6% | ||
| Q2 24 | 1.2% | 9.2% | ||
| Q1 24 | 0.9% | 20.0% |
| Q4 25 | 1.28× | — | ||
| Q3 25 | -1.27× | 2.19× | ||
| Q2 25 | -5.08× | 3.55× | ||
| Q1 25 | 4.86× | 1.83× | ||
| Q4 24 | -0.98× | 2.02× | ||
| Q3 24 | -5.14× | 2.18× | ||
| Q2 24 | -8.97× | 2.11× | ||
| 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% |
PLAB
| High End Integrated Circuits | $53.6M | 25% |
| High End Flat Panel Displays | $53.5M | 25% |
| KR | $43.7M | 21% |
| Other | $42.1M | 20% |
| Mainstream Flat Panel Displays | $9.1M | 4% |
| Transferred At Point In Time | $8.4M | 4% |
