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NYSE · Consumer discretionary

Ermenegildo Zegna N.V. (ZGN)

Ermenegildo Zegna N.V. reported revenue of €1.9B in fiscal 2025, down 1.5% from a year earlier. Net income was €98.6M, a net margin of 5.1%. Operating cash flow minus capital spending left €255.1M of free cash flow in fiscal 2025. At December 31, 2025 it held €220.1M in cash against €246.2M of debt. Its latest periodic report to the SEC is the annual report (foreign issuer) (20-F) filed on March 20, 2026.

Free, no password. An email when ZGN files with the SEC.

Price
$14.21
-0.91% on the day · November 10, 2026
52-week range $8.65 to $15.95
Market cap
$3.8B
Revenue (FY2025)
€1.9B
-1.5% year on year
Net margin
5.1%

Key facts about Ermenegildo Zegna N.V.

Net worth
Ermenegildo Zegna N.V. has a market value (market cap) of $3.8B at the latest share price, and shareholders' equity of €1B on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Revenue and profit
In fiscal 2025 revenue was €1.9B (-1.5% year on year), with net income of €98.6M.
Cash flow
In fiscal 2025 operations brought in €335.6M of cash; after €80.5M of capital spending, free cash flow was €255.1M.
Latest report
The latest periodic report (annual report (foreign issuer), 20-F) was filed with the SEC on March 20, 2026 and covers the period to December 31, 2025. Open on SEC EDGAR

What Ermenegildo Zegna N.V. does

Ermenegildo Zegna N.V. is registered with the SEC under industry code SIC 2300 (Apparel & Other Finishd Prods of Fabrics & Similar Matl). Its shares trade on NYSE under the ticker ZGN.

Revenue and profit by year

Revenue
FY19: €1.3B €1.3B FY19FY21: €1B €1B FY21FY21: €1.3B €1.3B FY21FY22: €1.5B €1.5B FY22FY23: €1.9B €1.9B FY23FY24: €1.9B €1.9B FY24FY25: €1.9B €1.9B FY25
Net income
FY19: €21.7M €21.7M FY19FY21: -€50.6M -€50.6M FY21FY21: -€136M -€136M FY21FY22: €51.5M €51.5M FY22FY23: €121.5M €121.5M FY23FY24: €77.1M €77.1M FY24FY25: €98.6M €98.6M FY25

Fiscal years as reported in annual reports. Amounts in EUR.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025€1.9B€139.5M€98.6M€0.38€255.1M
2024€1.9B€166.9M€77.1M€0.30€179M
2023€1.9B€208.1M€121.5M€0.48€218.3M
2022€1.5B€147.8M€51.5M€0.21€97.3M
2021€1.3B-€94M-€136M-€0.67€201.5M
2021€1B-€22.6M-€50.6M-€0.25€43.3M

Earnings: every quarter and the next report date

Full financial statements: income, balance sheet and cash flow

Where ZGN ranks in Consumer discretionary

Revenue growth-1.5%
#662 of 952 in Consumer discretionary · Bottom 30%
Net margin5.1%
#364 of 968 in Consumer discretionary · Top 38%
Free cash flow margin13.3%
#147 of 853 in Consumer discretionary · Top 17%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Consumer discretionary

Dividends

It paid out €30.5M in cash dividends, 31% of its net income.

Fiscal yearPer sharePaid outOf profit
2025n/a€30.5M31%
2024n/a€30.3M39%
2023n/a€25M21%
2022n/a€26M51%
2021n/a€650Kn/a
2021n/a€1.7Mn/a

Per share as declared (or paid, where only that is reported), adjusted for stock splits the company itself restated. Yield is the latest fiscal year's dividend over the current price.

Latest SEC filings

What Ermenegildo Zegna N.V. has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. October 22, 2026
  2. October 8, 2026
  3. September 3, 2026
  4. September 3, 2026
  5. August 24, 2026
  6. August 12, 2026
  7. July 23, 2026
  8. July 9, 2026
  9. June 26, 2026
  10. May 14, 2026

Recent insider filings (Forms 3, 4 and 144): 10, the latest on October 29, 2026. Insider transactions on SEC

Insider trades

What the people running Ermenegildo Zegna N.V. did with its shares, from the Form 4 filings they must send the SEC within two business days.

Insiders sold $106.3K worth of shares in the last 90 days and bought none on the open market.

Bought (open market)
$0
last 90 days
Sold
$106.3K
last 90 days
Net sold
8,000
$106.3K
DateInsiderWhatSharesPriceValueFiling
October 27, 2026 Norsa MicheleDirector Sold 8,000 $13.29 $106.3K Form 4
May 8, 2026 Sartori AlessandroArtistic Director Sold 6,505 $13.12 $85.3K Form 4
May 8, 2026 Tagliabue Gianluca AmbrogioActing Group CEO Sold 19,105 $13.12 $250.7K Form 4
May 8, 2026 Santhia Gian FrancoGroup Chief Financial Officer Sold 5,768 $13.12 $75.7K Form 4
May 8, 2026 Zegna di Monte Rubello EdoardoCo-CEO of the ZEGNA brand Sold 17,037 $13.12 $223.5K Form 4
May 8, 2026 Zegna di Monte Rubello AngeloCo-CEO of the ZEGNA brand Sold 1,935 $13.12 $25.4K Form 4
May 7, 2026 Sartori AlessandroArtistic Director Exercised options 31,500 - - Form 4
May 7, 2026 Tagliabue Gianluca AmbrogioActing Group CEO Bought 47,250 - - Form 4

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns ZGN

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

HolderOf classSharesFiled
Monterubello S.S.13G, passive 60.5% 152,734,550 February 14, 2025
Temasek Holdings (Private) Limited13D, may seek influence with 3 related filers 10% 26,821,043 August 4, 2025
Strategic Holding Group S.a r.l.13G, passive 8.41% 22,568,556 August 12, 2026

Latest filings below 5%: T. Rowe Price Associates, Inc. 4.6% (November 14, 2024).

Largest institutional holders

Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 135 managers reported a position.

HolderSharesValueChange on quarter
Temasek Holdings (Private) Ltd27,242,276$354.7M0
Barrow Hanley Mewhinney & Strauss LLC4,529,874$59M+332,620
BlackRock, Inc.2,748,557$35.8M-472,665
Amundi2,593,494$33.8M+1,568,000
Harris Associates L P2,435,700$31.7M-476,100
Point72 Asset Management, L.P.2,301,830$30M+324,514
American Century Companies Inc2,285,256$29.8M+712,358
Eurizon Capital SGR S.p.A.2,178,653$28.4M+168,509
Artisan Partners Limited Partnership1,689,307$22M-150,844
Tabor Asset Management, LP1,682,838$21.9M+244,292
Liontrust Investment Partners LLP1,443,157$18.8Mnew
Hood River Capital Management LLC1,256,808$16.4Mnew
Balyasny Asset Management L.P.1,131,031$14.7M+576,398
Federated Hermes, Inc.1,055,514$13.7M+732,144
UBS Group AG946,516$12.3M-497,563
Osborne Partners Capital Management, LLC936,573$12.2M-5,885
GAM Holding AG857,873$11.2M-187,869
State Street Corp850,384$11.1M-126,293
Portolan Capital Management, LLC753,948$9.8M+43,322
Goldman Sachs Group Inc737,841$9.6M+490,590

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

6 insiders reported holding 957,825 shares in total, about $13.6M at the last price.

HolderSharesAs of
Zegna di Monte Rubello EdoardoCo-CEO of the ZEGNA brand 304,960 May 8, 2026
Tagliabue Gianluca AmbrogioActing Group CEO 167,720 May 8, 2026
Norsa MicheleDirector 158,348 October 27, 2026
Sartori AlessandroArtistic Director 142,237 May 8, 2026
Zegna di Monte Rubello AngeloCo-CEO of the ZEGNA brand 140,112 May 8, 2026
Santhia Gian FrancoGroup Chief Financial Officer 44,448 May 8, 2026

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about ZGN

What does Ermenegildo Zegna N.V. do?

Ermenegildo Zegna N.V. is a company in the Consumer discretionary sector, listed on NYSE as ZGN. Its shares trade on NYSE under the ticker ZGN.

What is Ermenegildo Zegna N.V.'s net worth?

Ermenegildo Zegna N.V. has a market value (market cap) of $3.8B at the latest share price, and shareholders' equity of €1B on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.

Is Ermenegildo Zegna N.V. profitable?

Yes. In fiscal 2025 it reported net income of €98.6M on revenue of €1.9B, a net margin of 5.1%.

How much revenue does Ermenegildo Zegna N.V. make?

In fiscal 2025 Ermenegildo Zegna N.V. reported revenue of €1.9B. That is 1.5% less than a year earlier.

When did Ermenegildo Zegna N.V. last report?

Its most recent periodic report is the annual report (foreign issuer) (20-F) filed on March 20, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the insider trade from October 29, 2026.

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Where the numbers come from

Financial figures are the values Ermenegildo Zegna N.V. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.