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Ermenegildo Zegna N.V.

NYSE•ZGN
CEO: Mr. Ermenegildo Zegna di Monte Rubello
Sector: Consumer Cyclical
Industry: Apparel - Manufacturers
Listing Date: 2021-12-20
Ermenegildo 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. operates as a subsidiary of Monterubello Societa' Semplice.
Contact Information
Viale Roma 99/100, Valdilana loc., Trivero, BI, 13835, Italy
39-01-575911
www.zegna.com
Market Cap
$3.07B
P/E (TTM)
26.3
33
Dividend Yield
1.2%
52W High
$11.93
52W Low
$6.59
52W Range
91%
Rank31Top 21.6%
5.0
F-Score
Modified Piotroski Analysis
Based on 7-year fundamentals
Average • 5 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2019-2025

Financial Dashboard

Q4 2025 Data

Revenue

$1.15B+0.00%
4-Quarter Trend

EPS

$0.23+0.00%
4-Quarter Trend

FCF

$222.93M+0.00%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Net Profit Rises Net Profit €109.5M, up significantly from €90.9M in 2024, driven by margin expansion and favorable financial items.
DTC Channel Dominance DTC sales reached 82.0% of branded revenue, reflecting successful strategy shift; Gross Margin improved to 67.5%.
Strong Balance Sheet Net Financial Indebtedness reversed to net cash position of €52.1M from €94.2M net debt, supported by €335.6M operating cash flow.
Zegna Brand Growth Zegna segment revenue grew 1.1% (+3.7% Organic) to €1.36B, driven by strong DTC performance and Su Misura offerings.

Risk Factors

Thom Browne EBIT Collapse Thom Browne segment Adjusted EBIT fell 96.5% to €0.95M due to wholesale streamlining strategy impacting revenues.
Wholesale Customer Insolvency Recorded €10.1M provision for expected losses from wholesale customer Saks Global filing for Chapter 11 bankruptcy protection in January 2026.
Brand Integrity Risks Business relies heavily on brand recognition; risks include failure to respond to trends and potential counterfeiting impacting reputation.
Macroeconomic Demand Slowdown Discretionary luxury demand impacted by macroeconomic volatility, geopolitical tensions, and cautious consumer spending patterns globally.

Outlook

Leadership Transition Planned Gildo Zegna transitions to Group Executive Chairman; Gianluca Tagliabue appointed acting Group CEO pending formal appointment in 2026.
DTC Network Expansion Group continues DTC strengthening, expanding network to 471 Directly Operated Stores globally by year-end 2025.
Dividend Policy Maintained Proposed €0.12 per share dividend for 2025, targeting 25% to 30% payout ratio of profit attributable to Parent Company shareholders.
Integrating TFF Business Focus remains on aligning TOM FORD FASHION business to global recognition, leveraging Group platform for supply chain optimization.

Peer Comparison

Revenue (TTM)

SAH stock ticker logoSAH
$15.15B
+6.5%
VSCO stock ticker logoVSCO
$6.55B
+5.2%
AEO stock ticker logoAEO
$5.50B
+3.2%

Gross Margin (Latest Quarter)

CPRI stock ticker logoCPRI
60.8%
-3.6pp
ZGN stock ticker logoZGN
56.0%
+1.1pp
COLM stock ticker logoCOLM
51.6%
+0.4pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
VSCO$4.02B26.622.7%56.8%
GEF$3.29B4.039.5%20.9%
COLM$3.09B17.310.5%29.6%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
3.3%
Moderate Growth
4Q Net Income CAGR
33.3%
Profitability Improved
Cash Flow Stability
100%
Strong Cash Flow

Deep Research

Next earnings:Jun 19, 2026
|
EPS:$0.26
|
Revenue:-
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement
LTM
No Data