Ermenegildo Zegna N.V.(ZGN)Earnings, Financials & Key Ratios
ZGN•NYSE
$12.90
30.7× P/E·Price updated Jun 25, 2026
AboutErmenegildo Zegna N.V., together with its subsidiaries, designs, manufactures, markets, and distributes luxury menswear, footwear, leather goods, and other accessories under the Zegna and the Thom Browne brands. It provides luxury leisurewear for men; formal suits, tuxedos, shirts, blazers, formal overcoats, and accessories; leather accessories comprising shoes, bags, belts, and small leather accessories; and fragrances. The company also offers luxury womenswear and childrenswear under the Thom Browne brand, as well as provides eyewear, cufflinks and jewelry, watches, underwear, and beachwear manufactured by third parties under licenses. It serves customers through its retail stores and online channels in Europe, the Middle East, Africa, North America, Latin America, the Asia Pacific, and internationally. The company was founded in 1910 and is based in Trivero, Italy. Ermenegildo Zegna N.V. is a subsidiary of Monterubello Societa' Semplice.Show more
- Revenue$1.84B-5.4%
- EBITDA$392M-2.7%
- Net Income$95M+22.8%
- EPS (Diluted)0.37+23.3%
- Gross Margin55.62%-16.5%
- EBITDA Margin21.28%+2.8%
- Operating Margin8.5%-0.8%
- Net Margin5.14%+29.9%
- ROE9.1%+11.2%
ZGN Price & Volume
Ermenegildo Zegna N.V. (ZGN) stock price & volume — 10-year historical chart
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Margin Compression Challenges Zegna's Luxury Transformation Strategy
Investment Thesis • Updated 2025Q4
VerdictNeutral
Growth:Decelerating
Profitability:Moderate
Financial Position:Healthy
Cash Flow:Stable
Primary Risk:China luxury market exposure
"Ermenegildo Zegna is navigating a complex brand transition, evidenced by a deceleration in revenue growth to -0.5% in 2025Q4 and persistent margin volatility. While the company has successfully reduced its debt-to-equity ratio to 0.89, the integration of new luxury licenses and heavy investment in its manufacturing base continue to pressure operating margins, which currently hover at 9.5%. Investors should monitor the sustainability of earnings quality, as the firm's reliance on non-cash charges is highlighted by an OCF/NI ratio of 4.26, suggesting that future performance remains sensitive to macro-driven demand shifts in key luxury markets."
Verdict Logic
while the firm maintains a healthy current ratio of 1.59, the combination of decelerating revenue growth and a 31.20 P/E multiple suggests that the market may be overestimating the near-term upside of the current brand transformation.
ZGN Growth Metrics
Ermenegildo Zegna N.V. (ZGN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years12.54%
3 Years7.24%
TTM13.51%
Profit CAGR
10 Years-
5 Years-
3 Years22.52%
TTM1.3%
EPS CAGR
10 Years-
5 Years-
3 Years20.78%
TTM-2.87%
Return on Capital
10 Years5.06%
5 Years6.59%
3 Years9.73%
Last Year7.7%
ZGN Recent Earnings
Ermenegildo Zegna N.V. (ZGN) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 5/12 qtrs (50%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
Mar 20, 2026Metric
Actual
Est
EPS
$0.28+47.7%
$0.19
Rev
$1.2B-0.4%
$1.2B
Q4 2025
Sep 5, 2025Metric
Actual
Est
EPS
$0.20+68.5%
$0.12
Rev
$1.1B-0.2%
$1.1B
Q3 2025
Jun 26, 2025Metric
Actual
Est
EPS
$0.22+44.9%
$0.15
Rev
$816M-11.2%
$919M
Q4 2024
Sep 18, 2024Metric
Actual
Est
EPS
$0.11-41.5%
$0.18
Rev
$1.0B+5.6%
$978M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 20, 2026 | $0.28vs $0.19+47.7% | $1.2Bvs $1.2B-0.4% |
| Q4 2025 | Sep 5, 2025 | $0.20vs $0.12+68.5% | $1.1Bvs $1.1B-0.2% |
| Q3 2025 | Jun 26, 2025 | $0.22vs $0.15+44.9% | $816Mvs $919M-11.2% |
| Q4 2024 | Sep 18, 2024 | $0.11vs $0.18-41.5% | $1.0Bvs $978M+5.6% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Ermenegildo Zegna N.V. (ZGN)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $12.90 | $3.46B | 30.69 | -5.41% | 5.14% | 9.1% | 0.99% | |
| $18.86 | $2.17B | 24.49 | -21.79% | 3.94% | 99.46% | — | |
| $146.00 | $29.5B | 178.05 | 5.09% | 8.44% | 106.44% | — | |
| $410.11 | $25.02B | 27.14 | 14.63% | 11.6% | 34.77% | — | |
| $72.01 | $3.32B | 135.87 | 3.44% | 0.25% | 0.45% | — | |
| $6.47 | $2.29B | -7.11 | -3.63% | 9.59% | 73.92% | — |
Compare ZGN vs Peers
Ermenegildo Zegna N.V. (ZGN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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ZGN Frequently Asked Questions
Ermenegildo Zegna N.V. (ZGN) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Ermenegildo Zegna N.V.'s revenue?
Ermenegildo Zegna N.V. (ZGN) reported $3.86B in revenue for fiscal year 2025. This represents a 226% increase from $1.18B in 2018.
How fast is Ermenegildo Zegna N.V. growing?
Ermenegildo Zegna N.V. (ZGN) saw revenue decline by 5.4% over the past year.
Is ZGN profitable?
Yes, Ermenegildo Zegna N.V. (ZGN) is profitable, generating $175.3M in net income for fiscal year 2025 (5.1% net margin).
Dividend & Returns
Does ZGN pay dividends?
Yes, Ermenegildo Zegna N.V. (ZGN) pays a dividend with a yield of 0.99%. This makes it attractive for income-focused investors.
What is ZGN's return on equity?
Ermenegildo Zegna N.V. (ZGN) has a return on equity (ROE) of 9.1%. This is below average, suggesting room for improvement.
What is Ermenegildo Zegna N.V.'s free cash flow?
Ermenegildo Zegna N.V. (ZGN) generated $433.8M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.