ZGNErmenegildo Zegna N.V.

$13.72

Is the business good?

How good a business is ZGN?

Ermenegildo Zegna N.V. earns 11% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.

11%

Return on invested capital · cost of capital 9.0% · 2.3 points above what the capital costs: growth creates value

Operating margin
7.3%

Operating margin · Apparel Manufacturing median 6.9% · fiscal year to FY2025

Cash conversion
2.59×

Cash conversion · 2.32× a year ago · every dollar of reported profit arrived as cash, and more

Share count, year on year
+2.8%

Share count, year on year · shareholders own a smaller slice than a year ago

Operating margin by fiscal year
YearOperating margin
FY2020−2.2%
FY2021−7.3%
FY20229.9%
FY202311%
FY20248.6%
FY20257.3%
Details
Gross marginfiscal year to FY2025
68%
Operating marginfiscal year to FY2025
7.3%
Net marginfiscal year to FY2025
5.1%
Free cash flow margin
13%
Revenue, trailing twelve months
$1.92B
Free cash flow, trailing twelve months
$255M
Net income, trailing twelve months
$99M
Return on invested capitaloperating profit after tax ÷ debt + equity − cash
11%

Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.