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Side-by-side financial comparison of MOVADO GROUP INC (MOV) and Safehold Inc. (SAFE). Click either name above to swap in a different company.
MOVADO GROUP INC is the larger business by last-quarter revenue ($186.1M vs $97.9M, roughly 1.9× Safehold Inc.). Safehold Inc. runs the higher net margin — 28.5% vs 5.1%, a 23.3% gap on every dollar of revenue. On growth, Safehold Inc. posted the faster year-over-year revenue change (6.5% vs 1.9%). Over the past eight quarters, MOVADO GROUP INC's revenue compounded faster (2.9% CAGR vs 2.5%).
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.
SAFE Investment Company Limited is a Chinese sovereign wealth fund based in Hong Kong.
MOV vs SAFE — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | ||
|---|---|---|
| Revenue | $186.1M | $97.9M |
| Net Profit | $9.6M | $27.9M |
| Gross Margin | 54.3% | 98.6% |
| Operating Margin | 6.3% | 27.4% |
| Net Margin | 5.1% | 28.5% |
| Revenue YoY | 1.9% | 6.5% |
| Net Profit YoY | 89.8% | 7.1% |
| EPS (diluted) | $0.42 | $0.38 |
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 | $97.9M | ||
| Q3 25 | $161.8M | $96.2M | ||
| Q2 25 | $131.8M | $93.8M | ||
| Q1 25 | $181.5M | $97.7M | ||
| Q4 24 | $180.5M | $91.9M | ||
| Q3 24 | $157.0M | $90.7M | ||
| Q2 24 | $134.4M | $89.9M | ||
| Q1 24 | $175.8M | $93.2M |
| Q4 25 | $9.6M | $27.9M | ||
| Q3 25 | $3.0M | $29.3M | ||
| Q2 25 | $1.4M | $27.9M | ||
| Q1 25 | $8.1M | $29.4M | ||
| Q4 24 | $4.8M | $26.0M | ||
| Q3 24 | $3.5M | $19.3M | ||
| Q2 24 | $2.0M | $29.7M | ||
| Q1 24 | $9.8M | $30.7M |
| Q4 25 | 54.3% | 98.6% | ||
| Q3 25 | 54.1% | 98.5% | ||
| Q2 25 | 54.1% | 99.1% | ||
| Q1 25 | 54.2% | 98.8% | ||
| Q4 24 | 53.5% | 98.8% | ||
| Q3 24 | 54.3% | 98.8% | ||
| Q2 24 | 54.3% | 98.8% | ||
| Q1 24 | 53.5% | 98.8% |
| Q4 25 | 6.3% | 27.4% | ||
| Q3 25 | 2.5% | 25.9% | ||
| Q2 25 | 0.2% | 25.5% | ||
| Q1 25 | 5.1% | 25.9% | ||
| Q4 24 | 3.3% | 24.6% | ||
| Q3 24 | 1.7% | 17.5% | ||
| Q2 24 | 1.6% | 26.7% | ||
| Q1 24 | 6.1% | 26.4% |
| Q4 25 | 5.1% | 28.5% | ||
| Q3 25 | 1.8% | 30.5% | ||
| Q2 25 | 1.1% | 29.8% | ||
| Q1 25 | 4.4% | 30.1% | ||
| Q4 24 | 2.7% | 28.3% | ||
| Q3 24 | 2.2% | 21.3% | ||
| Q2 24 | 1.5% | 33.0% | ||
| Q1 24 | 5.6% | 33.0% |
| Q4 25 | $0.42 | $0.38 | ||
| Q3 25 | $0.13 | $0.41 | ||
| Q2 25 | $0.06 | $0.39 | ||
| Q1 25 | $0.36 | $0.41 | ||
| Q4 24 | $0.21 | $0.36 | ||
| Q3 24 | $0.15 | $0.27 | ||
| Q2 24 | $0.09 | $0.42 | ||
| Q1 24 | $0.44 | $0.43 |
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 | $21.7M |
| Total DebtLower is stronger | — | $4.6B |
| Stockholders' EquityBook value | $497.5M | $2.4B |
| Total Assets | $751.9M | $7.2B |
| Debt / EquityLower = less leverage | — | 1.90× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $183.9M | $21.7M | ||
| Q3 25 | $180.5M | $12.1M | ||
| Q2 25 | $203.1M | $13.9M | ||
| Q1 25 | $208.5M | $17.3M | ||
| Q4 24 | $181.5M | $8.3M | ||
| Q3 24 | $198.3M | $15.6M | ||
| Q2 24 | $225.4M | $13.4M | ||
| Q1 24 | $262.1M | $11.3M |
| Q4 25 | — | $4.6B | ||
| Q3 25 | — | $4.5B | ||
| Q2 25 | — | $4.4B | ||
| Q1 25 | — | $4.3B | ||
| Q4 24 | — | $4.3B | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | — | $4.2B | ||
| Q1 24 | — | $4.1B |
| Q4 25 | $497.5M | $2.4B | ||
| Q3 25 | $489.9M | $2.4B | ||
| Q2 25 | $493.2M | $2.4B | ||
| Q1 25 | $481.3M | $2.4B | ||
| Q4 24 | $491.3M | $2.3B | ||
| Q3 24 | $492.0M | $2.3B | ||
| Q2 24 | $489.6M | $2.3B | ||
| Q1 24 | $505.9M | $2.3B |
| Q4 25 | $751.9M | $7.2B | ||
| Q3 25 | $748.7M | $7.1B | ||
| Q2 25 | $747.2M | $7.1B | ||
| Q1 25 | $729.2M | $6.9B | ||
| Q4 24 | $747.2M | $6.9B | ||
| Q3 24 | $742.5M | $6.8B | ||
| Q2 24 | $736.0M | $6.8B | ||
| Q1 24 | $756.5M | $6.7B |
| Q4 25 | — | 1.90× | ||
| Q3 25 | — | 1.89× | ||
| Q2 25 | — | 1.87× | ||
| Q1 25 | — | 1.85× | ||
| Q4 24 | — | 1.84× | ||
| Q3 24 | — | 1.88× | ||
| Q2 24 | — | 1.81× | ||
| Q1 24 | — | 1.81× |
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 | $47.8M |
| Free Cash FlowOCF − Capex | $11.6M | — |
| FCF MarginFCF / Revenue | 6.2% | — |
| Capex IntensityCapex / Revenue | 0.4% | — |
| Cash ConversionOCF / Net Profit | 1.28× | 1.72× |
| TTM Free Cash FlowTrailing 4 quarters | $35.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.3M | $47.8M | ||
| Q3 25 | $-3.8M | $-1.4M | ||
| Q2 25 | $-7.2M | $28.0M | ||
| Q1 25 | $39.1M | $8.9M | ||
| Q4 24 | $-4.7M | $37.9M | ||
| Q3 24 | $-17.8M | $8.3M | ||
| Q2 24 | $-18.1M | $24.8M | ||
| Q1 24 | $69.4M | $-3.1M |
| 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× | 1.72× | ||
| Q3 25 | -1.27× | -0.05× | ||
| Q2 25 | -5.08× | 1.00× | ||
| Q1 25 | 4.86× | 0.30× | ||
| Q4 24 | -0.98× | 1.45× | ||
| Q3 24 | -5.14× | 0.43× | ||
| Q2 24 | -8.97× | 0.83× | ||
| Q1 24 | 7.06× | -0.10× |
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% |
SAFE
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $60.3M | 62% |
| Other | $33.7M | 34% |
| Stabilized Properties | $3.8M | 4% |