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Ermenegildo Zegna stock: growth
ZGNErmenegildo Zegna reported $2.04B in revenue for fiscal 2025, down 5.4% on the prior year, up 12.5% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
6.5%
per year from 2018 to 2025, per share 5.5%
Earnings (Annual rate)
14.1%
per year from 2018 to 2025, per share 12.7%
Free cash flow (Annual rate)
9%
per year from 2018 to 2025, per share 7.9%
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2018 | |
|---|---|---|
| Revenue | 12.5% | 6.5% |
| Revenue per share | 9.1% | 5.5% |
| Earnings | no data | 14.1% |
| Earnings per share | no data | 12.7% |
| Free cash flow | 50.1% | 9.0% |
| Free cash flow per share | 45.5% | 7.9% |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2018 | $1.31B | $41.79M | $147.01M |
| 2019 | $1.46B | $24.1M | $127.01M |
| 2020 | $1.13B | −$56.04M | $35.18M |
| 2021 | $1.43B | −$150.7M | $207.03M |
| 2022 | $1.65B | $57.05M | $81M |
| 2023 | $2.11B | $134.67M | $218.86M |
| 2024 | $2.16B | $85.42M | $170.2M |
| 2025 | $2.04B | $104.93M | $268.37M |
Revenue by segment
How Ermenegildo Zegna N.V. makes its money and how that has shifted. Names are as the company reports them.
- Zegna branded products64%
- Thom Browne Group15%
- Textile7%
- Other14%
“Other” combines smaller and former segments with revenue the company does not assign to a segment. Names as reported, with abbreviations spelled out for the largest companies.
Figures as a table
| 2021 | 2022 | 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|---|---|
| Zegna branded products | $938.91M | $1.02B | $1.23B | $1.29B | $1.31B | 64.2% |
| Thom Browne Group | $291.87M | $365.69M | $419.32M | $348.73M | $297.49M | 14.6% |
| Textile | $113.3M | $151.55M | $167.31M | $153.09M | $148.74M | 7.3% |
| Other | $88.04M | $113.15M | $294.38M | $365.74M | $284.79M | 14% |
| Total revenue | $1.43B | $1.65B | $2.11B | $2.16B | $2.04B | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = €0.9024)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 30 Apr 2023)
- Valuation signal Overvalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.