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Side-by-side financial comparison of MOVADO GROUP INC (MOV) and Shoals Technologies Group, Inc. (SHLS). Click either name above to swap in a different company.
MOVADO GROUP INC is the larger business by last-quarter revenue ($186.1M vs $148.3M, roughly 1.3× Shoals Technologies Group, Inc.). Shoals Technologies Group, Inc. runs the higher net margin — 5.5% vs 5.1%, a 0.3% gap on every dollar of revenue. On growth, Shoals Technologies Group, Inc. posted the faster year-over-year revenue change (38.6% vs 1.9%). MOVADO GROUP INC produced more free cash flow last quarter ($11.6M vs $-11.3M). Over the past eight quarters, Shoals Technologies Group, Inc.'s revenue compounded faster (27.8% 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.
Shoals Technologies Group is a leading provider of electrical balance of systems solutions for renewable energy and e-mobility. It supplies connectivity components for solar projects, energy storage systems and EV charging infrastructure, serving clients across North America, Europe and Asia-Pacific.
MOV vs SHLS — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $186.1M | $148.3M |
| Net Profit | $9.6M | $8.1M |
| Gross Margin | 54.3% | 31.6% |
| Operating Margin | 6.3% | 11.7% |
| Net Margin | 5.1% | 5.5% |
| Revenue YoY | 1.9% | 38.6% |
| Net Profit YoY | 89.8% | 3.9% |
| EPS (diluted) | $0.42 | $0.05 |
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 | $148.3M | ||
| Q3 25 | $161.8M | $135.8M | ||
| Q2 25 | $131.8M | $110.8M | ||
| Q1 25 | $181.5M | $80.4M | ||
| Q4 24 | $180.5M | $107.0M | ||
| Q3 24 | $157.0M | $102.2M | ||
| Q2 24 | $134.4M | $99.2M | ||
| Q1 24 | $175.8M | $90.8M |
| Q4 25 | $9.6M | $8.1M | ||
| Q3 25 | $3.0M | $11.9M | ||
| Q2 25 | $1.4M | $13.9M | ||
| Q1 25 | $8.1M | $-282.0K | ||
| Q4 24 | $4.8M | $7.8M | ||
| Q3 24 | $3.5M | $-267.0K | ||
| Q2 24 | $2.0M | $11.8M | ||
| Q1 24 | $9.8M | $4.8M |
| Q4 25 | 54.3% | 31.6% | ||
| Q3 25 | 54.1% | 37.0% | ||
| Q2 25 | 54.1% | 37.2% | ||
| Q1 25 | 54.2% | 35.0% | ||
| Q4 24 | 53.5% | 37.6% | ||
| Q3 24 | 54.3% | 24.8% | ||
| Q2 24 | 54.3% | 40.3% | ||
| Q1 24 | 53.5% | 40.2% |
| Q4 25 | 6.3% | 11.7% | ||
| Q3 25 | 2.5% | 13.7% | ||
| Q2 25 | 0.2% | 14.4% | ||
| Q1 25 | 5.1% | 5.4% | ||
| Q4 24 | 3.3% | 15.4% | ||
| Q3 24 | 1.7% | 4.4% | ||
| Q2 24 | 1.6% | 18.7% | ||
| Q1 24 | 6.1% | 12.8% |
| Q4 25 | 5.1% | 5.5% | ||
| Q3 25 | 1.8% | 8.7% | ||
| Q2 25 | 1.1% | 12.5% | ||
| Q1 25 | 4.4% | -0.4% | ||
| Q4 24 | 2.7% | 7.3% | ||
| Q3 24 | 2.2% | -0.3% | ||
| Q2 24 | 1.5% | 11.9% | ||
| Q1 24 | 5.6% | 5.3% |
| Q4 25 | $0.42 | $0.05 | ||
| Q3 25 | $0.13 | $0.07 | ||
| Q2 25 | $0.06 | $0.08 | ||
| Q1 25 | $0.36 | $0.00 | ||
| Q4 24 | $0.21 | $0.04 | ||
| Q3 24 | $0.15 | $0.00 | ||
| Q2 24 | $0.09 | $0.07 | ||
| Q1 24 | $0.44 | $0.03 |
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 | $7.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $497.5M | $600.0M |
| Total Assets | $751.9M | $904.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $183.9M | $7.3M | ||
| Q3 25 | $180.5M | $8.6M | ||
| Q2 25 | $203.1M | $4.7M | ||
| Q1 25 | $208.5M | $35.6M | ||
| Q4 24 | $181.5M | $23.5M | ||
| Q3 24 | $198.3M | $11.1M | ||
| Q2 24 | $225.4M | $3.2M | ||
| Q1 24 | $262.1M | $15.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $141.8M | ||
| Q4 24 | — | $141.8M | ||
| Q3 24 | — | $141.8M | ||
| Q2 24 | — | $146.8M | ||
| Q1 24 | — | $168.8M |
| Q4 25 | $497.5M | $600.0M | ||
| Q3 25 | $489.9M | $589.6M | ||
| Q2 25 | $493.2M | $575.4M | ||
| Q1 25 | $481.3M | $558.9M | ||
| Q4 24 | $491.3M | $556.8M | ||
| Q3 24 | $492.0M | $545.2M | ||
| Q2 24 | $489.6M | $544.6M | ||
| Q1 24 | $505.9M | $554.0M |
| Q4 25 | $751.9M | $904.1M | ||
| Q3 25 | $748.7M | $851.8M | ||
| Q2 25 | $747.2M | $795.0M | ||
| Q1 25 | $729.2M | $788.4M | ||
| Q4 24 | $747.2M | $793.1M | ||
| Q3 24 | $742.5M | $801.3M | ||
| Q2 24 | $736.0M | $788.4M | ||
| Q1 24 | $756.5M | $825.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.25× | ||
| Q4 24 | — | 0.25× | ||
| Q3 24 | — | 0.26× | ||
| Q2 24 | — | 0.27× | ||
| Q1 24 | — | 0.30× |
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 | $-4.1M |
| Free Cash FlowOCF − Capex | $11.6M | $-11.3M |
| FCF MarginFCF / Revenue | 6.2% | -7.6% |
| Capex IntensityCapex / Revenue | 0.4% | 4.8% |
| Cash ConversionOCF / Net Profit | 1.28× | -0.50× |
| TTM Free Cash FlowTrailing 4 quarters | $35.3M | $-16.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.3M | $-4.1M | ||
| Q3 25 | $-3.8M | $19.4M | ||
| Q2 25 | $-7.2M | $-13.8M | ||
| Q1 25 | $39.1M | $15.6M | ||
| Q4 24 | $-4.7M | $14.0M | ||
| Q3 24 | $-17.8M | $15.7M | ||
| Q2 24 | $-18.1M | $37.8M | ||
| Q1 24 | $69.4M | $12.9M |
| Q4 25 | $11.6M | $-11.3M | ||
| Q3 25 | $-5.1M | $9.0M | ||
| Q2 25 | $-8.7M | $-26.0M | ||
| Q1 25 | $37.5M | $12.3M | ||
| Q4 24 | $-7.2M | $12.5M | ||
| Q3 24 | $-20.1M | $13.3M | ||
| Q2 24 | $-19.7M | $35.8M | ||
| Q1 24 | $67.8M | $10.4M |
| Q4 25 | 6.2% | -7.6% | ||
| Q3 25 | -3.1% | 6.6% | ||
| Q2 25 | -6.6% | -23.5% | ||
| Q1 25 | 20.7% | 15.4% | ||
| Q4 24 | -4.0% | 11.6% | ||
| Q3 24 | -12.8% | 13.0% | ||
| Q2 24 | -14.7% | 36.1% | ||
| Q1 24 | 38.6% | 11.4% |
| Q4 25 | 0.4% | 4.8% | ||
| Q3 25 | 0.8% | 7.7% | ||
| Q2 25 | 1.2% | 11.0% | ||
| Q1 25 | 0.9% | 4.0% | ||
| Q4 24 | 1.4% | 1.4% | ||
| Q3 24 | 1.5% | 2.3% | ||
| Q2 24 | 1.2% | 2.0% | ||
| Q1 24 | 0.9% | 2.7% |
| Q4 25 | 1.28× | -0.50× | ||
| Q3 25 | -1.27× | 1.63× | ||
| Q2 25 | -5.08× | -1.00× | ||
| Q1 25 | 4.86× | — | ||
| Q4 24 | -0.98× | 1.79× | ||
| Q3 24 | -5.14× | — | ||
| Q2 24 | -8.97× | 3.21× | ||
| Q1 24 | 7.06× | 2.69× |
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% |
SHLS
| System Solutions | $122.0M | 82% |
| Components | $26.3M | 18% |
