Ermenegildo Zegna
Operates three luxury brands with an integrated Italian textile and manufacturing platform.
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Profile
Sells luxury apparel, footwear, leather goods, and accessories through ZEGNA, Thom Browne, and licensed TOM FORD FASHION, alongside an integrated Italian textile platform. Most revenue comes from directly operated retail and e-commerce across Europe, the Americas, Greater China, and the rest of Asia-Pacific.
Designs, produces, and distributes luxury apparel, footwear, leather goods, and accessories through ZEGNA, Thom Browne, and TOM FORD FASHION. The Zegna segment also houses Textile and third-party manufacturing agreements, while Thom Browne and Tom Ford Fashion operate as separate segments. An integrated Italian Filiera links specialist mills with luxury manufacturing capabilities.
Serves Europe, the Americas, Greater China, and the rest of Asia-Pacific through directly operated stores, e-commerce, and selected wholesale partners. Most revenue comes from direct-to-consumer channels, giving the group close control over merchandising and client relationships. ZEGNA is centered on men's luxury leisurewear and tailoring; Thom Browne and TOM FORD FASHION broaden the portfolio into womenswear. The TOM FORD FASHION business depends on a long-term intellectual-property license from The Estée Lauder Companies.
Company facts
Categories
Key statistics
Year to date +31.7% · Average volume (30d) 952.7K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 11, 2026 | Exane BNP Paribas | Downgrade | Neutral | Underperform | ||
| Aug 11, 2026 | BNP Paribas | Target | $7.90 | $12.20 | ||
| Jun 17, 2026 | Goldman Sachs | Downgrade | Buy | Neutral | $14.20 | $14 |
| May 20, 2026 | TD Cowen | Upgrade | Hold | Buy | ||
| May 1, 2026 | UBS | Target | $11.50 | $14.50 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Mar 20, 2026Q4 FY25 | $0.19 | $0.28 | +47.7% | $1.17B | $1.16B | −0.4% | +3.41% |
| Sep 5, 2025Q2 FY25 | $0.12 | $0.20 | +68.5% | $1.09B | $1.09B | −0.2% | 0.00% |
| Jun 26, 2025 | $0.15 | $0.22 | +44.9% | $918.7M | $815.6M | −11.2% | −0.58% |
| Sep 18, 2024Q2 FY24 | $0.18 | $0.11 | −41.5% | $977.9M | $1.03B | +5.6% | −1.13% |
Financial highlights
| 12 quarters | Q2 FY23 | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.05B | $1.16B | $1.11B | $1.14B | $1.07B | $1.14B | |
| Gross profit | $671.8M | $746.9M | $738.6M | $763.7M | $725.4M | $637.3M | |
| Operating income | $135.0M | $106.2M | $84.7M | $108.6M | $71.1M | $108.4M | |
| Net income | $53.3M | $87.6M | $29.1M | $60.2M | $49.9M | $63.8M | |
| Diluted EPS | $0.22 | $0.34 | $0.11 | $0.23 | $0.20 | $0.23 | |
| Gross margin | 64.2% | 64.4% | 66.4% | 66.8% | 67.5% | 56.0% | |
| Operating margin | 12.9% | 9.2% | 7.6% | 9.5% | 6.6% | 9.5% |
Revenue by product · FY25
Revenue by geography · FY25
Balance sheet, Dec 31, 2025Cash & short-term investments $342.6M · Total debt $1.13B · Total assets $3.28B · Shareholders' equity $1.19B
Dividends
Last cut to $0.1371 from $0.1415 in Jul 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 6, 2026 | Jul 6 | Jul 29 | $0.1371 | cut from $0.1415 |
| Jul 7, 2025 | Jul 7 | Jul 29 | $0.1415 | raised from $0.1289 |
| Jul 5, 2024 | Jul 5 | Jul 30 | $0.1289 | raised from $0.1087 |
| Jul 5, 2023 | Jul 6 | Jul 28 | $0.1087 | raised from $0.10 |
| Feb 27, 2023 | $0.10 | raised from $0.0923 | ||
| Jul 5, 2022 | Jul 6 | Jul 28 | $0.0923 |
Ownership
Shares outstanding 268.31M · Float 72.91M · 27.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Monterubello S.S. | 152.73M | 60.50% | 13G | Feb 14, 2025 |
| Strategic Holding Group S.a r.l. | 29.63M | 11.04% | 13G | May 14, 2026 |
| Temasek Holdings (Private) Ltd | 27.24M | 10.15% | 13F | May 12, 2026 |
| Barrow Hanley Mewhinney & Strauss LLC | 4.20M | 1.56% | 13F | May 13, 2026 |
| Price T Rowe Associates Inc /MD/ | 3.96M | 1.47% | 13F | May 15, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 8, 2026 | di Monte Rubello Angelo Zegna | officer: Co-CEO of the ZEGNA brand | −1,935 | $13.12 |
| May 8, 2026 | Gianluca Ambrogio Tagliabue | officer: Acting Group CEO | −19,105 | $13.12 |
| May 7, 2026 | Gianluca Ambrogio Tagliabue | officer: Acting Group CEO | +47,250 | |
| May 8, 2026 | di Monte Rubello Edoardo Zegna | officer: Co-CEO of the ZEGNA brand | −17,037 | $13.12 |
| May 8, 2026 | Gian Franco Santhia | officer: Group Chief Financial Officer | −5,768 | $13.12 |
Peers
- Ralph Lauren
Premium lifestyle rival in luxury menswear, apparel, and accessories
- Capri
Global fashion-luxury peer through Michael Kors and Jimmy Choo
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Ermenegildo Zegna | $13.73 | −0.04% | $3.68B | 32.0 | 17.0 | 1.7 | — |
| Ralph Lauren | $354.11 | +0.02% | $21.60B | 22.3 | 18.1 | 2.6 | +14.0% |
| Capri | $13.56 | +0.37% | $1.55B | 10.4 | 7.2 | 0.4 | −3.5% |
| Median | 16.4 | 12.6 | 1.5 | +5.2% |