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NYSE · APPAREL & OTHER FINISHD PRODS OF FABRICS & SIMILAR MATL · LARGE CAP

Ermenegildo Zegna N.v. ZGN

7 fiscal years on record · EUR · FY2025 reported · SEC filings only
€1.9B
▼ 1.5% YoY
€98.6M
▲ 27.9% YoY
€255.1M
▲ 42.5% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Through its brands, the Group designs, produces, markets and distributes luxury menswear, footwear, leather goods and other accessories, luxury womenswear and children's clothing. As of December 31, 2025, the Group operated an international network of 471 Directly Operated Stores in 35 countries, accounting for 76% of its consolidated revenues that year. The Group carries out its business through three operating segments: the Zegna segment, the Thom Browne segment and the Tom Ford Fashion segment, the last of which comprises the TOM FORD FASHION business that joined the Group through the TFI Acquisition. The ZEGNA brand's products include luxury leisurewear, footwear, formalwear, leather accessories and other products. Thom Browne, founded by Mr. Thom Browne in 2003 in New York, offers products spanning menswear, womenswear, childrenswear and accessories. TOM FORD was founded in 2005 and launched menswear in 2008 and womenswear in 2010, in collaboration with the Ermenegildo Zegna Group.

Written from the business description in Ermenegildo Zegna N.V.'s annual report to the U.S. Securities and Exchange Commission, filed 20 March 2026. Every sentence was checked against that document before publication.

Growth

EUR 1.9B
Revenue, FY2025 · full 7-year series below
Revenue €B Net income €B
FY2025 · Revenue 1.9 · Net income 0.1
1B2B
201920222025
Compound annual growth
+8.7%
+13.6%
+24.2%
+21.9%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +13.6% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

6 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 7.3% · Net 5.7%
5%10%-5%
201920222025
ROE
FY2025 · ROE 10.1%
5%10%15%-10%-20%
201920222025
Three returns, three denominators.

Each EUR of equity produced 10 cents of profit this year.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow €M
FY2025 · FCF 255.1
100M200M
201920222025
Net buybacks €M Dividends €M
FY2023 · Dividends · · Net buybacks -3.7
200M400M
20192020202120222023

Total assetsEUR 2.8B
EquityEUR 1.0B
CashEUR 220.1M
Gross debtEUR 246.2M
Net debtEUR 26.1M
Current ratio1.59×

Net debt stands at 3% of equity.

The 7-year record

7 fiscal years
Every figure from documents filed with the SEC · EUR
row low → row highnegative—not applicable◌not available in our data
ZGN, 7-year financial record
Metric 2025202420232022202120202019
Revenue €B1.91.91.91.51.31.01.3
Operating income €B0.10.20.20.1−0.1−0.00.1
EBITDA €B0.40.40.40.30.10.10.3
Income tax €B0.00.00.00.00.00.00.0
Net income €B0.10.10.10.1−0.1−0.10.0
Free cash flow €B0.30.20.20.10.20.00.1
EPS, diluted €0.380.300.480.21−0.67−0.250.11
Dividend / sh €◌◌◌◌◌◌◌
Payout % — not applicable: no dividend———————
ROE %10.18.816.08.0−22.6−7.63.0

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 0 failures in 31 reconciliationsAUDITED

Reconciled in 7 of the 7 fiscal years we could check. 26 checks were skipped: the balance sheet is not tagged before 2020. 14 checks were skipped: cost of revenue is not tagged before 2021. 12 checks were skipped: EPS is not tagged before 2019.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityApparel & Other Finishd Prods of Fabrics & Similar Matl
Listed onNYSE
Incorporated inoutside the United States — SEC code P7
Fiscal year endsDecember 31
Data on record since2019

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