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Side-by-side financial comparison of MOVADO GROUP INC (MOV) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.
MOVADO GROUP INC is the larger business by last-quarter revenue ($186.1M vs $100.0M, roughly 1.9× Latham Group, Inc.). MOVADO GROUP INC runs the higher net margin — 5.1% vs -7.0%, a 12.2% gap on every dollar of revenue. On growth, Latham Group, Inc. posted the faster year-over-year revenue change (14.5% vs 1.9%). Latham Group, Inc. produced more free cash flow last quarter ($14.1M vs $11.6M). Over the past eight quarters, MOVADO GROUP INC's revenue compounded faster (2.9% CAGR vs -4.9%).
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.
Latham & Watkins LLP is an American multinational law firm. Founded in 1934 in Los Angeles, California, it is known for its litigation, corporate, and regulatory law practices.
MOV vs SWIM — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $186.1M | $100.0M |
| Net Profit | $9.6M | $-7.0M |
| Gross Margin | 54.3% | 28.0% |
| Operating Margin | 6.3% | -10.7% |
| Net Margin | 5.1% | -7.0% |
| Revenue YoY | 1.9% | 14.5% |
| Net Profit YoY | 89.8% | 76.0% |
| EPS (diluted) | $0.42 | $-0.06 |
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 | $100.0M | ||
| Q3 25 | $161.8M | $161.9M | ||
| Q2 25 | $131.8M | $172.6M | ||
| Q1 25 | $181.5M | $111.4M | ||
| Q4 24 | $180.5M | $87.3M | ||
| Q3 24 | $157.0M | $150.5M | ||
| Q2 24 | $134.4M | $160.1M | ||
| Q1 24 | $175.8M | $110.6M |
| Q4 25 | $9.6M | $-7.0M | ||
| Q3 25 | $3.0M | $8.1M | ||
| Q2 25 | $1.4M | $16.0M | ||
| Q1 25 | $8.1M | $-6.0M | ||
| Q4 24 | $4.8M | $-29.2M | ||
| Q3 24 | $3.5M | $5.9M | ||
| Q2 24 | $2.0M | $13.3M | ||
| Q1 24 | $9.8M | $-7.9M |
| Q4 25 | 54.3% | 28.0% | ||
| Q3 25 | 54.1% | 35.4% | ||
| Q2 25 | 54.1% | 37.1% | ||
| Q1 25 | 54.2% | 29.5% | ||
| Q4 24 | 53.5% | 24.6% | ||
| Q3 24 | 54.3% | 32.4% | ||
| Q2 24 | 54.3% | 33.1% | ||
| Q1 24 | 53.5% | 27.7% |
| Q4 25 | 6.3% | -10.7% | ||
| Q3 25 | 2.5% | 13.3% | ||
| Q2 25 | 0.2% | 14.3% | ||
| Q1 25 | 5.1% | -4.4% | ||
| Q4 24 | 3.3% | -14.9% | ||
| Q3 24 | 1.7% | 8.9% | ||
| Q2 24 | 1.6% | 12.5% | ||
| Q1 24 | 6.1% | -1.9% |
| Q4 25 | 5.1% | -7.0% | ||
| Q3 25 | 1.8% | 5.0% | ||
| Q2 25 | 1.1% | 9.3% | ||
| Q1 25 | 4.4% | -5.4% | ||
| Q4 24 | 2.7% | -33.4% | ||
| Q3 24 | 2.2% | 3.9% | ||
| Q2 24 | 1.5% | 8.3% | ||
| Q1 24 | 5.6% | -7.1% |
| Q4 25 | $0.42 | $-0.06 | ||
| Q3 25 | $0.13 | $0.07 | ||
| Q2 25 | $0.06 | $0.13 | ||
| Q1 25 | $0.36 | $-0.05 | ||
| Q4 24 | $0.21 | $-0.24 | ||
| Q3 24 | $0.15 | $0.05 | ||
| Q2 24 | $0.09 | $0.11 | ||
| Q1 24 | $0.44 | $-0.07 |
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 | — | $279.8M |
| Stockholders' EquityBook value | $497.5M | $405.9M |
| Total Assets | $751.9M | $823.2M |
| Debt / EquityLower = less leverage | — | 0.69× |
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 | — | $279.8M | ||
| Q3 25 | — | $281.1M | ||
| Q2 25 | — | $281.5M | ||
| Q1 25 | — | $306.9M | ||
| Q4 24 | — | $281.5M | ||
| Q3 24 | — | $282.8M | ||
| Q2 24 | — | $282.4M | ||
| Q1 24 | — | $282.8M |
| Q4 25 | $497.5M | $405.9M | ||
| Q3 25 | $489.9M | $408.4M | ||
| Q2 25 | $493.2M | $398.4M | ||
| Q1 25 | $481.3M | $381.1M | ||
| Q4 24 | $491.3M | $387.2M | ||
| Q3 24 | $492.0M | $416.6M | ||
| Q2 24 | $489.6M | $408.1M | ||
| Q1 24 | $505.9M | $391.8M |
| Q4 25 | $751.9M | $823.2M | ||
| Q3 25 | $748.7M | $844.4M | ||
| Q2 25 | $747.2M | $822.1M | ||
| Q1 25 | $729.2M | $824.6M | ||
| Q4 24 | $747.2M | $794.2M | ||
| Q3 24 | $742.5M | $853.4M | ||
| Q2 24 | $736.0M | $830.0M | ||
| Q1 24 | $756.5M | $808.6M |
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 0.81× | ||
| Q4 24 | — | 0.73× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.69× | ||
| Q1 24 | — | 0.72× |
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 | $23.3M |
| Free Cash FlowOCF − Capex | $11.6M | $14.1M |
| FCF MarginFCF / Revenue | 6.2% | 14.1% |
| Capex IntensityCapex / Revenue | 0.4% | 9.2% |
| Cash ConversionOCF / Net Profit | 1.28× | — |
| TTM Free Cash FlowTrailing 4 quarters | $35.3M | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.3M | $23.3M | ||
| Q3 25 | $-3.8M | $51.0M | ||
| Q2 25 | $-7.2M | $36.0M | ||
| Q1 25 | $39.1M | $-46.9M | ||
| Q4 24 | $-4.7M | $6.2M | ||
| Q3 24 | $-17.8M | $37.2M | ||
| Q2 24 | $-18.1M | $52.4M | ||
| Q1 24 | $69.4M | $-34.5M |
| Q4 25 | $11.6M | $14.1M | ||
| Q3 25 | $-5.1M | $45.2M | ||
| Q2 25 | $-8.7M | $29.1M | ||
| Q1 25 | $37.5M | $-50.3M | ||
| Q4 24 | $-7.2M | $-98.0K | ||
| Q3 24 | $-20.1M | $33.2M | ||
| Q2 24 | $-19.7M | $47.9M | ||
| Q1 24 | $67.8M | $-39.9M |
| Q4 25 | 6.2% | 14.1% | ||
| Q3 25 | -3.1% | 27.9% | ||
| Q2 25 | -6.6% | 16.8% | ||
| Q1 25 | 20.7% | -45.2% | ||
| Q4 24 | -4.0% | -0.1% | ||
| Q3 24 | -12.8% | 22.1% | ||
| Q2 24 | -14.7% | 29.9% | ||
| Q1 24 | 38.6% | -36.0% |
| Q4 25 | 0.4% | 9.2% | ||
| Q3 25 | 0.8% | 3.6% | ||
| Q2 25 | 1.2% | 4.0% | ||
| Q1 25 | 0.9% | 3.1% | ||
| Q4 24 | 1.4% | 7.2% | ||
| Q3 24 | 1.5% | 2.7% | ||
| Q2 24 | 1.2% | 2.8% | ||
| Q1 24 | 0.9% | 4.8% |
| Q4 25 | 1.28× | — | ||
| Q3 25 | -1.27× | 6.29× | ||
| Q2 25 | -5.08× | 2.25× | ||
| Q1 25 | 4.86× | — | ||
| Q4 24 | -0.98× | — | ||
| Q3 24 | -5.14× | 6.32× | ||
| Q2 24 | -8.97× | 3.95× | ||
| 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% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
