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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 | 9.0% | -1.5% | 27.9% |
| 2024 | $1.9B | $406M | $77M | $154M | 7.8% | 2.2% | -36.6% |
| 2023 | $1.9B | $395M | $122M | $198M | 13.5% | 27.6% | 136.1% |
| 2022 | $1.5B | $291M | $51M | $73M | 7.0% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total 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 |
| Operating Income | 147.78 | 208.15 | 166.85 | 139.48 |
| EBITDA | 290.62 | 394.74 | 406.23 | 439.92 |
| EBIT | 117.10 | 199.78 | 170.28 | 180 |
| Pretax Income | 101.08 | 169.09 | 130.61 | 140.04 |
| Tax Provision | 35.80 | 33.43 | 39.75 | 30.55 |
| Net Income | 51.48 | 121.53 | 77.08 | 98.58 |
| Net Income Common Stockholders | 51.48 | 121.53 | 77.08 | 98.58 |
| Total Expenses | 1,345.06 | 1,696.40 | 1,779.80 | 1,777.47 |
| Interest Expense | 16.02 | 30.69 | 39.67 | 39.96 |
| Interest Income | 1.73 | 2.89 | 2.57 | 2.30 |
| Selling General And Administration | 780.23 | 1,016.17 | 1,129.71 | 1,154.56 |
| Normalized EBITDA | 321.06 | 405.12 | 416.94 | 405.25 |
| Normalized Income | 71.14 | 129.85 | 84.54 | 71.47 |
| Basic EPS | 0.22 | 0.49 | 0.31 | 0.38 |
| Diluted EPS | 0.21 | 0.48 | 0.30 | 0.38 |
| Tax Effect Of Unusual Items | -10.77 | -2.06 | -3.26 | 7.56 |
| Tax Rate For Calcs | 0.35 | 0.20 | 0.30 | 0.22 |
| Total Unusual Items | -30.43 | -10.38 | -10.71 | 34.67 |
| Total Unusual Items Excluding Goodwill | -30.43 | -10.38 | -10.71 | 34.67 |
| Net Income From Continuing Operation Net Minority Interest | 51.48 | 121.53 | 77.08 | 98.58 |
| Reconciled Depreciation | 173.52 | 194.95 | 235.95 | 259.92 |
| Reconciled Cost Of Revenue | 564.83 | 680.24 | 650.09 | 622.91 |
| Net Interest Income | -18.46 | -25.72 | -26.60 | -34.63 |
| Net Income From Continuing And Discontinued Operation | 51.48 | 121.53 | 77.08 | 98.58 |
| Rent Expense Supplemental | 61.73 | 0 | 0 | 0 |
| Total Operating Income As Reported | 147.78 | 208.15 | 166.85 | 139.48 |
| Diluted Average Shares | 240.65 | 252.36 | 254.24 | 261.47 |
| Basic Average Shares | 237.55 | 247.02 | 251.53 | 259.60 |
| Diluted NI Availto Com Stockholders | 51.48 | 121.53 | 77.08 | 98.58 |
| Minority Interests | -13.80 | -14.13 | -13.78 | -10.90 |
| Net Income Including Noncontrolling Interests | 65.28 | 135.66 | 90.86 | 109.49 |
| Net Income Continuous Operations | 65.28 | 135.66 | 90.86 | 109.49 |
| Other Income Expense | -28.23 | -13.33 | -9.65 | 35.20 |
| Special Income Charges | 0.35 | 0 | 0 | 0 |
| Gain On Sale Of Ppe | 1.12 | 0 | 0 | 0 |
| Gain On Sale Of Business | 0 | 0 | 0 | 0 |
| Other Special Charges | -0.90 | 0 | 0 | 0 |
| Write Off | 0.03 | 0 | 0 | 0 |
| Impairment Of Capital Assets | 1.64 | 0 | 0 | 0 |
| Restructuring And Mergern Acquisition | 0 | 0 | 0 | 0 |
| Earnings From Equity Interest | 2.20 | -2.95 | 1.06 | 0.52 |
| Gain On Sale Of Security | -30.43 | -10.38 | -10.71 | 34.67 |
| Net Non Operating Interest Income Expense | -18.46 | -25.72 | -26.60 | -34.63 |
| Total Other Finance Cost | 4.17 | -2.08 | -10.50 | -3.02 |
| Interest Expense Non Operating | 16.02 | 30.69 | 39.67 | 39.96 |
| Interest Income Non Operating | 1.73 | 2.89 | 2.57 | 2.30 |
| Other Operating Expenses | 11.43 | 0 | 0 | 0 |
| Other Taxes | 4.69 | 0 | 0 | 0 |
| Provision For Doubtful Accounts | 0 | 0 | 0 | 0 |
| Depreciation Amortization Depletion Income Statement | 171.88 | 0 | 0 | 0 |
| Depreciation And Amortization In Income Statement | 171.88 | 0 | 0 | 0 |
| Amortization | 12.38 | 0 | 0 | 0 |
| Amortization Of Intangibles Income Statement | 12.38 | 0 | 0 | 0 |
| Depreciation Income Statement | 159.50 | 0 | 0 | 0 |
| Selling And Marketing Expense | 85.15 | 114.80 | 121.38 | 120.69 |
| 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 |
| Rent And Landing Fees | 0 | 0 | 0 | 0 |
| Salaries And Wages | 395.09 | 0 | 0 | 0 |
| Operating Revenue | 1,492.84 | 1,904.55 | 1,946.65 | 1,916.95 |
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 | $3.1B | 26.16 | 2.59 | 9.0% | 15.69 |
| Greif, Inc. | GEF | $3.7B | 27.04 | 1.25 | 12.0% | 8.25 |
| Hilton Grand Vacations Inc. | HGV | $3.5B | 48.76 | 2.80 | 5.6% | 12.92 |
| KB Home | KBH | $3.3B | 10.10 | 0.85 | 11.0% | 9.82 |
| Madison Square Garden Entertainment Corp. | MSGE | $3.1B |
| 59.39 |
| 84.95 |
| -281.4% |
| 18.64 |
| Global Business Travel Group, Inc. | GBTG | $3.0B | 26.18 | 1.87 | 6.6% | 12.80 |
| Visteon Corporation | VC | $2.9B | 18.07 | 1.85 | 12.2% | 6.60 |
| FIGS, Inc. | FIGS | $2.5B | 79.11 | 5.70 | 7.8% | 47.90 |
| Brightstar Lottery PLC | BRSL | $2.4B | - | 2.76 | 9.2% | 6.75 |
| Peer Median | - | 27.04 | 2.31 | 8.5% | 11.31 | |