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Side-by-side financial comparison of MOVADO GROUP INC (MOV) and DOUGLAS DYNAMICS, INC (PLOW). Click either name above to swap in a different company.
MOVADO GROUP INC is the larger business by last-quarter revenue ($186.1M vs $184.5M, roughly 1.0× DOUGLAS DYNAMICS, INC). DOUGLAS DYNAMICS, INC runs the higher net margin — 7.0% vs 5.1%, a 1.8% gap on every dollar of revenue. On growth, DOUGLAS DYNAMICS, INC posted the faster year-over-year revenue change (28.6% vs 1.9%). DOUGLAS DYNAMICS, INC produced more free cash flow last quarter ($92.8M vs $11.6M). Over the past eight quarters, DOUGLAS DYNAMICS, INC's revenue compounded faster (38.9% 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.
General Dynamics Corporation (GD) is an American industrial and technology company based in Reston, Virginia. It is primarily a developer and producer of advanced military equipment of a wide variety, such as nuclear submarines, main battle tanks, and armoured fighting vehicles. It is also the manufacturer of the civilian aviation Gulfstream business jets and a provider of information technology services. The company is the 3rd largest of the top 100 contractors of the U.S. federal government...
MOV vs PLOW — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $186.1M | $184.5M |
| Net Profit | $9.6M | $12.8M |
| Gross Margin | 54.3% | 26.1% |
| Operating Margin | 6.3% | 10.5% |
| Net Margin | 5.1% | 7.0% |
| Revenue YoY | 1.9% | 28.6% |
| Net Profit YoY | 89.8% | 62.3% |
| EPS (diluted) | $0.42 | $0.54 |
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 | $184.5M | ||
| Q3 25 | $161.8M | $162.1M | ||
| Q2 25 | $131.8M | $194.3M | ||
| Q1 25 | $181.5M | $115.1M | ||
| Q4 24 | $180.5M | $143.5M | ||
| Q3 24 | $157.0M | $129.4M | ||
| Q2 24 | $134.4M | $199.9M | ||
| Q1 24 | $175.8M | $95.7M |
| Q4 25 | $9.6M | $12.8M | ||
| Q3 25 | $3.0M | $8.0M | ||
| Q2 25 | $1.4M | $26.0M | ||
| Q1 25 | $8.1M | $148.0K | ||
| Q4 24 | $4.8M | $7.9M | ||
| Q3 24 | $3.5M | $32.3M | ||
| Q2 24 | $2.0M | $24.3M | ||
| Q1 24 | $9.8M | $-8.4M |
| Q4 25 | 54.3% | 26.1% | ||
| Q3 25 | 54.1% | 23.5% | ||
| Q2 25 | 54.1% | 31.0% | ||
| Q1 25 | 54.2% | 24.5% | ||
| Q4 24 | 53.5% | 24.9% | ||
| Q3 24 | 54.3% | 23.9% | ||
| Q2 24 | 54.3% | 30.7% | ||
| Q1 24 | 53.5% | 19.8% |
| Q4 25 | 6.3% | 10.5% | ||
| Q3 25 | 2.5% | 8.7% | ||
| Q2 25 | 0.2% | 19.0% | ||
| Q1 25 | 5.1% | 2.8% | ||
| Q4 24 | 3.3% | 9.0% | ||
| Q3 24 | 1.7% | 35.4% | ||
| Q2 24 | 1.6% | 18.2% | ||
| Q1 24 | 6.1% | -6.7% |
| Q4 25 | 5.1% | 7.0% | ||
| Q3 25 | 1.8% | 4.9% | ||
| Q2 25 | 1.1% | 13.4% | ||
| Q1 25 | 4.4% | 0.1% | ||
| Q4 24 | 2.7% | 5.5% | ||
| Q3 24 | 2.2% | 24.9% | ||
| Q2 24 | 1.5% | 12.2% | ||
| Q1 24 | 5.6% | -8.7% |
| Q4 25 | $0.42 | $0.54 | ||
| Q3 25 | $0.13 | $0.33 | ||
| Q2 25 | $0.06 | $1.09 | ||
| Q1 25 | $0.36 | $0.00 | ||
| Q4 24 | $0.21 | $0.35 | ||
| Q3 24 | $0.15 | $1.36 | ||
| Q2 24 | $0.09 | $1.02 | ||
| Q1 24 | $0.44 | $-0.37 |
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 | — |
| Total DebtLower is stronger | — | $144.0M |
| Stockholders' EquityBook value | $497.5M | $281.4M |
| Total Assets | $751.9M | $626.7M |
| Debt / EquityLower = less leverage | — | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $183.9M | — | ||
| Q3 25 | $180.5M | — | ||
| Q2 25 | $203.1M | — | ||
| Q1 25 | $208.5M | — | ||
| Q4 24 | $181.5M | — | ||
| Q3 24 | $198.3M | — | ||
| Q2 24 | $225.4M | — | ||
| Q1 24 | $262.1M | — |
| Q4 25 | — | $144.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $147.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $497.5M | $281.4M | ||
| Q3 25 | $489.9M | $275.3M | ||
| Q2 25 | $493.2M | $273.3M | ||
| Q1 25 | $481.3M | $258.9M | ||
| Q4 24 | $491.3M | $264.2M | ||
| Q3 24 | $492.0M | $260.8M | ||
| Q2 24 | $489.6M | $236.7M | ||
| Q1 24 | $505.9M | $217.2M |
| Q4 25 | $751.9M | $626.7M | ||
| Q3 25 | $748.7M | $694.9M | ||
| Q2 25 | $747.2M | $671.5M | ||
| Q1 25 | $729.2M | $621.0M | ||
| Q4 24 | $747.2M | $590.0M | ||
| Q3 24 | $742.5M | $665.6M | ||
| Q2 24 | $736.0M | $617.0M | ||
| Q1 24 | $756.5M | $577.1M |
| Q4 25 | — | 0.51× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.56× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $95.9M |
| Free Cash FlowOCF − Capex | $11.6M | $92.8M |
| FCF MarginFCF / Revenue | 6.2% | 50.3% |
| Capex IntensityCapex / Revenue | 0.4% | 1.7% |
| Cash ConversionOCF / Net Profit | 1.28× | 7.47× |
| TTM Free Cash FlowTrailing 4 quarters | $35.3M | $63.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.3M | $95.9M | ||
| Q3 25 | $-3.8M | $-8.5M | ||
| Q2 25 | $-7.2M | $-11.4M | ||
| Q1 25 | $39.1M | $-1.3M | ||
| Q4 24 | $-4.7M | $74.4M | ||
| Q3 24 | $-17.8M | $-14.2M | ||
| Q2 24 | $-18.1M | $2.5M | ||
| Q1 24 | $69.4M | $-21.6M |
| Q4 25 | $11.6M | $92.8M | ||
| Q3 25 | $-5.1M | $-11.4M | ||
| Q2 25 | $-8.7M | $-14.3M | ||
| Q1 25 | $37.5M | $-3.5M | ||
| Q4 24 | $-7.2M | $70.2M | ||
| Q3 24 | $-20.1M | $-15.2M | ||
| Q2 24 | $-19.7M | $836.0K | ||
| Q1 24 | $67.8M | $-22.4M |
| Q4 25 | 6.2% | 50.3% | ||
| Q3 25 | -3.1% | -7.1% | ||
| Q2 25 | -6.6% | -7.4% | ||
| Q1 25 | 20.7% | -3.0% | ||
| Q4 24 | -4.0% | 48.9% | ||
| Q3 24 | -12.8% | -11.8% | ||
| Q2 24 | -14.7% | 0.4% | ||
| Q1 24 | 38.6% | -23.4% |
| Q4 25 | 0.4% | 1.7% | ||
| Q3 25 | 0.8% | 1.8% | ||
| Q2 25 | 1.2% | 1.5% | ||
| Q1 25 | 0.9% | 1.9% | ||
| Q4 24 | 1.4% | 2.9% | ||
| Q3 24 | 1.5% | 0.8% | ||
| Q2 24 | 1.2% | 0.8% | ||
| Q1 24 | 0.9% | 0.8% |
| Q4 25 | 1.28× | 7.47× | ||
| Q3 25 | -1.27× | -1.07× | ||
| Q2 25 | -5.08× | -0.44× | ||
| Q1 25 | 4.86× | -9.03× | ||
| Q4 24 | -0.98× | 9.41× | ||
| Q3 24 | -5.14× | -0.44× | ||
| Q2 24 | -8.97× | 0.10× | ||
| 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% |
PLOW
| Work Truck Solutions | $101.5M | 55% |
| Transferred At Point In Time | $83.1M | 45% |
