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ZGN · NYSE · United States · Apparel & Other Finishd Prods Of Fabrics & Similar Matl
In shortErmenegildo Zegna N.V. is profitable, generates cash and carries moderate debt, with revenue stable (−1.5% last year).
Financial health
Solid
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 7.3% | 41/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 5.1% | 41/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 10.1% | 51/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 8.5% | 57/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.59× | 66/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.24× | 98/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 0.07× | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 2.76× | 12/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | – | n/a |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 13.3% | 73/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 2.59× | 100/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 4 of 5 | 80/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 5 | 67/100 |
| Revenue growth volatility | 13.6% | 61/100 |
| Operating margin volatility | 7.5% | 41/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 8.7% | 65/100 |
|---|---|---|
| EPS growth, 3-year average | 21.9% | 100/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
2 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
EUR millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 1,292 | 1,493 | 1,905 | 1,947 | 1,917 |
| Cost of revenue | 496 | 565 | 680 | 650 | 623 |
| Gross profit | 797 | 928 | 1,224 | 1,297 | 1,294 |
| Selling, general & admin | 823 | 695 | 901 | 1,008 | 1,034 |
| Operating income | (94) | 148 | 208 | 167 | 139 |
| Interest expense | 44 | 54 | 68 | 52 | 50 |
| Pre-tax income | (97) | 101 | 169 | 131 | 140 |
| Income tax | 31 | 36 | 33 | 40 | 31 |
| Net income | (136) | 51 | 122 | 77 | 99 |
| Diluted EPS | −€0.67 | €0.21 | €0.48 | €0.30 | €0.38 |
| Diluted shares (millions) | 203 | 241 | 252 | 254 | 261 |
2 older years available with the 10-year history. Essential plan, from €8.25/month →
Not computed: a required balance-sheet item is missing.
7/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2025 · Data updated Mar 20, 2026