ZGN revenueFY2025€1.92B
- FY YoY
- -1.5%
- 5Y CAGR
- +13.6%
ZGN revenue was €1.92B for fiscal 2025 (ended Dec 31, 2025), down 1.5% from fiscal 2024. Compound annual growth was +13.6% over 5 years. It rose in 4 of the last 6 fiscal years.
Ermenegildo Zegna N.V. (ZGN) financials
For fiscal 2025 (ended Dec 31, 2025), Ermenegildo Zegna N.V. reported €1.92B of revenue and €98.58M of net income. Figures are in EUR, the currency of its SEC filings.
- Revenue, FY2025
- €1.92B
- Revenue growth, YoY
- -1.5%
- Net income, FY2025
- €98.58M
- Net income growth, YoY
- +27.9%
- Net margin
- 5.1%
- Free cash flow, FY2025
- €255.06M
- EPS, diluted, FY2025
- €0.38
- EPS growth, YoY
- +26.7%
- Cash
- €220.12M
- Total debt
- €246.19M
FY2019FY2025
FY2019FY2025
FY2019FY2025
ZGN revenue and earnings growth
ZGN net incomeFY2025€98.58M
- FY YoY
- +27.9%
ZGN net income was €98.58M for fiscal 2025 (ended Dec 31, 2025), up 27.9% from fiscal 2024. It rose in 2 of the last 3 fiscal years.
ZGN EPSFY2025€0.38
- FY YoY
- +26.7%
ZGN diluted EPS was €0.38 for fiscal 2025 (ended Dec 31, 2025), up 26.7% from fiscal 2024.
ZGN free cash flowFY2025€255.06M
- FY YoY
- +42.5%
- 5Y CAGR
- +42.6%
ZGN free cash flow was €255.06M for fiscal 2025 (ended Dec 31, 2025), up 42.5% from fiscal 2024. Compound annual growth was +42.6% over 5 years. It rose in 3 of the last 6 fiscal years. Fiscal 2025 is the highest of the 7 fiscal years on file.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | €1.92B | €1.95B | €1.90B | €1.49B | €1.29B | €1.01B | €1.32B |
| Cost of revenue | €622.91M | €650.09M | €680.24M | €564.83M | €495.70M | - | - |
| Gross profit | €1.29B | €1.30B | €1.22B | €928.01M | €796.70M | - | - |
| Selling, general and admin | €1.03B | €1.01B | €901.36M | €695.08M | €822.90M | - | - |
| Operating income | €139.48M | €166.85M | €208.15M | €147.78M | -€94.03M | -€22.55M | €88.64M |
| Interest expense | €50.47M | €51.99M | €68.12M | €54.35M | €43.82M | €48.07M | €37.49M |
| Pre-tax income | €140.04M | €130.61M | €169.09M | €101.08M | -€96.96M | -€31.56M | €69.23M |
| Income tax | €30.55M | €39.75M | €33.43M | €35.80M | €30.70M | €14.98M | €43.79M |
| Net income | €98.58M | €77.08M | €121.53M | €51.48M | -€136.00M | -€50.58M | €21.75M |
| EPS, basic | €0.38 | €0.31 | €0.49 | €0.22 | -€0.67 | -€0.25 | €0.11 |
| EPS, diluted | €0.38 | €0.30 | €0.48 | €0.21 | -€0.67 | -€0.25 | €0.11 |
| Diluted shares | 261.5M | 254.2M | 252.4M | 240.6M | 203.5M | 201.5M | 201.6M |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | €220.12M | €219.13M | €296.28M | €254.32M | €459.79M | €317.29M | €210.63M |
| Receivables | €227.09M | €248.79M | €240.46M | €177.21M | €160.36M | €138.83M | - |
| Inventory | €506.90M | €521.01M | €522.59M | €410.85M | €338.48M | €321.47M | - |
| Current assets | €1.19B | €1.21B | €1.29B | €1.29B | €1.38B | €1.24B | - |
| Goodwill | €554.09M | €614.36M | €572.27M | €455.91M | €425.22M | €387.85M | €419.98M |
| Total assets | €2.83B | €2.83B | €2.77B | €2.43B | €2.46B | €2.42B | - |
| Current liabilities | €750.39M | €852.88M | €1.01B | €866.98M | €702.32M | €535.45M | - |
| Short-term debt | €84.07M | €177.17M | €289.34M | €286.18M | €157.29M | €106.03M | - |
| Long-term debt | €162.12M | €196.40M | €113.28M | €184.88M | €471.65M | €558.72M | - |
| Total debt | €246.19M | €373.57M | €402.62M | €471.06M | €628.94M | €664.75M | - |
| Total liabilities | €1.74B | €1.85B | €1.87B | €1.69B | €1.81B | €1.77B | - |
| Shareholders' equity | €1.03B | €916.12M | €900.90M | €732.32M | €644.30M | €645.03M | €729.75M |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | €335.56M | €279.13M | €275.38M | €146.40M | €281.15M | €70.91M | €174.12M |
| Capital expenditures | €80.50M | €100.10M | €57.03M | €49.11M | €79.70M | €27.63M | €46.11M |
| Free cash flow | €255.06M | €179.03M | €218.35M | €97.28M | €201.46M | €43.28M | €128.01M |
| Investing cash flow | -€109.92M | -€126.01M | €21.79M | -€57.34M | -€82.00M | €92.57M | €83.96M |
| Financing cash flow | -€215.05M | -€234.53M | -€250.49M | -€297.00M | -€64.11M | -€49.05M | -€267.49M |
| Share repurchases | - | - | €0 | €0 | €455.00M | €0 | €0 |
| Depreciation and amortization | - | - | - | - | €154.19M | €166.21M | €168.21M |
Key ratios
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 |
|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | -1.5% | 2.2% | 27.6% | 15.5% | 27.4% | -23.2% | - |
| Net income growth, YoY | 27.9% | -36.6% | 136.1% | - | - | - | - |
| EPS growth, YoY | 26.7% | -37.5% | 128.6% | - | - | - | - |
| Gross margin | 67.5% | 66.6% | 64.3% | 62.2% | 61.6% | - | - |
| Operating margin | 7.3% | 8.6% | 10.9% | 9.9% | -7.3% | -2.2% | 6.7% |
| Net margin | 5.1% | 4.0% | 6.4% | 3.4% | -10.5% | -5.0% | 1.6% |
| Free cash flow margin | 13.3% | 9.2% | 11.5% | 6.5% | 15.6% | 4.3% | 9.7% |
| Return on equity | 9.6% | 8.4% | 13.5% | 7.0% | -21.1% | -7.8% | 3.0% |
| Return on assets | 3.5% | 2.7% | 4.4% | 2.1% | -5.5% | -2.1% | - |
| Current ratio | 1.59 | 1.41 | 1.27 | 1.48 | 1.97 | 2.31 | - |
| Debt to equity | 0.24 | 0.41 | 0.45 | 0.64 | 0.98 | 1.03 | - |
Source: XBRL data Ermenegildo Zegna N.V. files with the SEC, latest filing dated Mar 20, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
ZGN peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| ZGN | €1.92B | -1.5% | €98.58M | 5.1% | $3.85B |
| TPR | $8.19B | +13.7% | $1.61B | 19.7% | $26.74B |
| AS | $6.57B | +26.7% | $427.40M | 6.5% | $18.10B |
| LULU | $11.09B | +1.7% | $1.42B | 12.8% | $11.88B |
| LEVI | $6.68B | +6.6% | $589.70M | 8.8% | $9.24B |
| GIL | $3.62B | +10.7% | $398.88M | 11.0% | $6.76B |
| COLM | $3.43B | +0.1% | $238.77M | 7.0% | $3.65B |
| FIGS | $749.11M | +28.9% | $72.45M | 9.7% | $3.58B |
| UAA | $4.84B | -4.2% | -$474.10M | -9.8% | $2.35B |
ZGN FAQ
9 questionsWhat is ZGN revenue?
Ermenegildo Zegna N.V. (ZGN) reported €1.92B of revenue for fiscal 2025 (ended Dec 31, 2025). That is down 1.5% from the year before.Is ZGN profitable?
Yes. Ermenegildo Zegna N.V. earned €98.58M in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 5.1%.How much cash and debt does ZGN have?
Ermenegildo Zegna N.V. reported €220.12M in cash and cash equivalents and €246.19M of debt on its most recent balance sheet in SEC filings.How fast is ZGN revenue growing?
Ermenegildo Zegna N.V.'s revenue changed -1.5% in fiscal 2025, to €1.92B. Its compound annual growth rate was +13.6% over 5 years.What is ZGN gross margin?
Ermenegildo Zegna N.V.'s gross profit was €1.29B on €1.92B of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 67.5%.What is ZGN free cash flow?
Ermenegildo Zegna N.V. generated €255.06M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of €335.56M less capital expenditures.What is ZGN earnings per share?
Diluted earnings per share were €0.38 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.When did ZGN last report financial results?
The latest statements here come from Ermenegildo Zegna N.V.'s 20-F filed on Mar 20, 2026, covering the period ended Dec 31, 2025.Where does this ZGN financial data come from?
Quantisnow builds these statements from the structured XBRL data Ermenegildo Zegna N.V. files with the SEC. It is provided for information only and is not investment advice.