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Ermenegildo Zegna N.V., together with its subsidiaries, designs, produces, markets, and distributes luxury menswear and womenwear, children's clothing, footwear, leather goods, and other accessories worldwide. It offers luxury leisurewear, such as knitwear, jeans, jersey and shirts, fabric and leather outerwear, and accessories; formalwear, including formal suits to tuxedos, shirts, blazers, formal coats, and accessories; and leather accessories comprising sneakers and other shoes, bags, belts and small leather accessories. The company is also manufacturing and distributing eyewear, cufflinks and jewelry, beachwear, underwear, and fragrances. In addition, it offers fine jewelry, childrenswear, textile, and home design products. The company sells its products under the ZEGNA, Thom Browne, and TOM FORD FASHION brands. It serves its products through retail stores and online channels. The company was founded in 1910 and is based in Trivero, Italy. Ermenegildo Zegna N.V. operates as a subsidiary of Monterubello Societa' Semplice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.9B | $440M | $99M | $233M | 9.6% | -1.5% | 27.9% |
| 2024 | $1.9B | $406M | $77M | $154M | 8.4% | 2.2% | -36.6% |
| 2023 | $1.9B | $395M | $122M | $198M | 14.5% | 27.6% | 136.1% |
| 2022 | $1.5B | $291M | $51M | $73M | 7.6% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,492.84 | 1,904.55 | 1,946.65 | 1,916.95 |
| Operating Revenue | - | 1,492.84 | 1,904.55 | 1,946.65 | 1,916.95 |
| Cost Of Revenue | - | 564.83 | 680.24 | 650.09 | 622.91 |
| Gross Profit | - | 928.01 | 1,224.31 | 1,296.56 | 1,294.04 |
| Operating Expense | - | 780.23 | 1,016.17 | 1,129.71 | 1,154.56 |
| Selling General And Administration | - | 780.23 | 1,016.17 | 1,129.71 | 1,154.56 |
| Total Expenses | - | 1,345.06 | 1,696.40 | 1,779.80 | 1,777.47 |
| Operating Income | - | 147.78 | 208.15 | 166.85 | 139.48 |
| Total Operating Income As Reported | - | 147.78 | 208.15 | 166.85 | 139.48 |
| EBITDA | - | 290.62 | 394.74 | 406.23 | 439.92 |
| Normalized EBITDA | - | 321.06 | 405.12 | 416.94 | 405.25 |
| EBIT | - | 117.10 | 199.78 | 170.28 | 180 |
| Interest Income | - | 1.73 | 2.89 | 2.57 | 2.30 |
| Interest Expense | - | 16.02 | 30.69 | 39.67 | 39.96 |
| Net Interest Income | - | -18.46 | -25.72 | -26.60 | -34.63 |
| Other Income Expense | - | -28.24 | -13.33 | -9.65 | 35.20 |
| Interest Income Non Operating | - | 1.73 | 2.89 | 2.57 | 2.30 |
| Interest Expense Non Operating | - | 16.02 | 30.69 | 39.67 | 39.96 |
| Net Non Operating Interest Income Expense | - | -18.46 | -25.72 | -26.60 | -34.63 |
| Pretax Income | - | 101.08 | 169.09 | 130.61 | 140.04 |
| Tax Provision | - | 35.80 | 33.43 | 39.75 | 30.56 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -10.77 | -2.06 | -3.26 | 7.56 |
| Net Income Continuous Operations | - | 65.28 | 135.66 | 90.86 | 109.49 |
| Net Income From Continuing And Discontinued Operation | - | 51.48 | 121.53 | 77.08 | 98.58 |
| Net Income From Continuing Operation Net Minority Interest | - | 51.48 | 121.53 | 77.08 | 98.58 |
| Net Income | - | 51.48 | 121.53 | 77.08 | 98.58 |
| Net Income Common Stockholders | - | 51.48 | 121.53 | 77.08 | 98.58 |
| Net Income Including Noncontrolling Interests | - | 65.28 | 135.66 | 90.86 | 109.49 |
| Normalized Income | - | 71.14 | 129.85 | 84.54 | 71.47 |
| Diluted NI Availto Com Stockholders | - | 51.48 | 121.53 | 77.08 | 98.58 |
| Basic Average Shares | - | 237.55 | 247.02 | 251.53 | 259.60 |
| Diluted Average Shares | - | 240.65 | 252.36 | 254.24 | 261.47 |
| Reconciled Depreciation | - | 173.52 | 194.95 | 235.95 | 259.92 |
| Reconciled Cost Of Revenue | - | 564.83 | 680.24 | 650.09 | 622.91 |
| Total Unusual Items | - | -30.43 | -10.38 | -10.71 | 34.67 |
| Total Unusual Items Excluding Goodwill | - | -30.43 | -10.38 | -10.71 | 34.67 |
| Minority Interests | - | -13.80 | -14.13 | -13.78 | -10.90 |
| Special Income Charges | -175.45 | 0.35 | - | - | - |
| Gain On Sale Of Business | -6.15 | - | - | - | - |
| Other Special Charges | 12.26 | -0.90 | - | - | - |
| Write Off | 0 | 0.03 | - | - | - |
| Impairment Of Capital Assets | 9.17 | 1.64 | - | - | - |
| Restructuring And Mergern Acquisition | 152.87 | 0 | - | - | - |
| Gain On Sale Of Security | - | -30.43 | -10.38 | -10.71 | 34.67 |
| Depreciation Amortization Depletion Income Statement | 154.20 | 171.88 | - | - | - |
| Depreciation And Amortization In Income Statement | 154.20 | 171.88 | - | - | - |
| General And Administrative Expense | - | 695.08 | 901.36 | 1,008.32 | 1,033.87 |
| Other Gand A | - | 695.08 | 901.36 | 1,008.32 | 1,033.87 |
| Salaries And Wages | 367.76 | 395.09 | - | - | - |
| Gain On Sale Of Ppe | -1.15 | 1.12 | - | - | - |
| Rent Expense Supplemental | 56.34 | 61.73 | - | - | - |
| Total Other Finance Cost | - | 4.16 | -2.08 | -10.50 | -3.02 |
| Other Operating Expenses | 12.25 | 11.43 | - | - | - |
| Provision For Doubtful Accounts | -0.50 | - | - | - | - |
| Selling And Marketing Expense | - | 85.15 | 114.80 | 121.38 | 120.69 |
| Rent And Landing Fees | 56.34 | - | - | - | - |
| Earnings From Equity Interest | - | 2.20 | -2.95 | 1.06 | 0.52 |
| Amortization | 10.50 | 12.38 | - | - | - |
| Amortization Of Intangibles Income Statement | 10.50 | 12.38 | - | - | - |
| Depreciation Income Statement | 143.70 | 159.50 | - | - | - |
| Other Taxes | 3.33 | 4.69 | - | - | - |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Ermenegildo Zegna N.V.this co. | ZGN | $4.0B | 40.60↑ premium | 3.88 | 9.6% | 10.82 |
| Global Business Travel Group, Inc. | GBTG | $4.9B | 44.73 | 3.03 | 6.8% | 13.70 |
| Polaris Inc. | PII | $3.9B | -8.41 | 4.73 | -56.2% | -47.42 |
| Hilton Grand Vacations Inc. | HGV | $3.8B | 47.51 | 2.99 | 6.3% | 14.44 |
| Greif, Inc. | GEF | $3.6B |
| - |
| - |
| - |
| - |
| - |
| 13.40 |
| 1.73 |
| 12.9% |
| 10.88 |
| Abercrombie & Fitch Co. | ANF | $3.5B | 6.88 | 2.49 | 36.1% | 4.44 |
| Madison Square Garden Entertainment Corp. | MSGE | $3.4B | 90.07 | -253.49 | -281.4% | 26.05 |
| KB Home | KBH | $3.3B | 7.60 | 0.84 | 11.0% | 8.43 |
| Visteon Corporation | VC | $3.3B | 16.18 | 2.07 | 12.8% | 6.33 |
| Peer Median | - | 14.79 | 2.28 | 8.9% | 9.65 | |