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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

Bigger by revenue
MOV
MOV
1.9× larger
MOV
$186.1M
$97.9M
SAFE
Growing faster (revenue YoY)
SAFE
SAFE
+4.7% gap
SAFE
6.5%
1.9%
MOV
Higher net margin
SAFE
SAFE
23.3% more per $
SAFE
28.5%
5.1%
MOV
Faster 2-yr revenue CAGR
MOV
MOV
Annualised
MOV
2.9%
2.5%
SAFE

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
MOV
MOV
SAFE
SAFE
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.

Revenue
MOV
MOV
SAFE
SAFE
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
Net Profit
MOV
MOV
SAFE
SAFE
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
Gross Margin
MOV
MOV
SAFE
SAFE
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%
Operating Margin
MOV
MOV
SAFE
SAFE
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%
Net Margin
MOV
MOV
SAFE
SAFE
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%
EPS (diluted)
MOV
MOV
SAFE
SAFE
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
MOV
MOV
SAFE
SAFE
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.

Cash + ST Investments
MOV
MOV
SAFE
SAFE
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
Total Debt
MOV
MOV
SAFE
SAFE
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
Stockholders' Equity
MOV
MOV
SAFE
SAFE
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
Total Assets
MOV
MOV
SAFE
SAFE
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
Debt / Equity
MOV
MOV
SAFE
SAFE
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
MOV
MOV
SAFE
SAFE
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.

Operating Cash Flow
MOV
MOV
SAFE
SAFE
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
Free Cash Flow
MOV
MOV
SAFE
SAFE
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
FCF Margin
MOV
MOV
SAFE
SAFE
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%
Capex Intensity
MOV
MOV
SAFE
SAFE
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%
Cash Conversion
MOV
MOV
SAFE
SAFE
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
MOV

Other$81.4M44%
Owned Brands Category$46.0M25%
Sales Channel Directly To Consumer$35.3M19%
Company Stores$23.4M13%

SAFE
SAFE

Equity Method Investment Nonconsolidated Investee Or Group Of Investees$60.3M62%
Other$33.7M34%
Stabilized Properties$3.8M4%

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