Tearsheet

Ermenegildo Zegna (ZGN)


Market Price (10/31/2025): $10.3 | Market Cap: $-
Sector: Consumer Discretionary | Industry: Apparel, Accessories & Luxury Goods

Ermenegildo Zegna (ZGN)


Market Price (10/31/2025): $10.3
Market Cap: $-
Sector: Consumer Discretionary
Industry: Apparel, Accessories & Luxury Goods

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow


0 Low stock price volatility
Vol 12M is 43%
Trading close to highs
Dist 52W High is -2.2%
 
1  Weak multi-year price returns
2Y Excs Rtn is -70%, 3Y Excs Rtn is -78%
 
0 Low stock price volatility
Vol 12M is 43%
1 Trading close to highs
Dist 52W High is -2.2%
2 Weak multi-year price returns
2Y Excs Rtn is -70%, 3Y Excs Rtn is -78%

Market Valuation & Key Metrics

ZGN Stock


Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
ZGN Return--1%12%-28%26%5%
Peers Return-0%14%-20%-15%19%-11%-17%
S&P 500 Return16%27%-19%24%23%16%110%

Monthly Win Rates [3]
ZGN Win Rate- 58%58%50%56% 
Peers Win Rate27%34%22%22%39%51% 
S&P 500 Win Rate58%75%42%67%75%67% 

Max Drawdowns [4]
ZGN Max Drawdown---14%-1%-38%-25% 
Peers Max Drawdown-23%-2%-31%-22%-17%-42% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: GIL, HBI, JL, LANV, NCI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/30/2025 (YTD)

How Low Can It Go

Unique KeyEventZGNS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-31.3%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven45.6%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days

Compare to GIL, HBI, JL, LANV, NCI


In The Past

Ermenegildo Zegna's stock fell -31.3% during the 2022 Inflation Shock from a high on 8/11/2023. A -31.3% loss requires a 45.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Ermenegildo Zegna (ZGN)

Trade Ideas

Select past ideas related to ZGN. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ANF_9302025_Dip_Buyer_FCFYield09302025ANFAbercrombie & FitchDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-15.6%-15.6%-22.1%
DECK_9302025_Dip_Buyer_FCFYield09302025DECKDeckers OutdoorDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-20.2%-20.2%-20.2%
CHH_9302025_Dip_Buyer_ValueBuy09302025CHHChoice Hotels InternationalDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-13.4%-13.4%-13.4%
VAC_9302025_Dip_Buyer_ValueBuy09302025VACMarriott Vacations WorldwideDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-1.7%-1.7%-6.1%
FUN_9302025_Short_Squeeze09302025FUNSix Flags EntertainmentSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.
-0.6%-0.6%-11.7%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ANF_9302025_Dip_Buyer_FCFYield09302025ANFAbercrombie & FitchDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-15.6%-15.6%-22.1%
DECK_9302025_Dip_Buyer_FCFYield09302025DECKDeckers OutdoorDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-20.2%-20.2%-20.2%
CHH_9302025_Dip_Buyer_ValueBuy09302025CHHChoice Hotels InternationalDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-13.4%-13.4%-13.4%
VAC_9302025_Dip_Buyer_ValueBuy09302025VACMarriott Vacations WorldwideDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-1.7%-1.7%-6.1%
FUN_9302025_Short_Squeeze09302025FUNSix Flags EntertainmentSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.
-0.6%-0.6%-11.7%

Recent Active Movers

Recent Active Movers

More From Trefis

Peer Comparisons for Ermenegildo Zegna

Financials

ZGNGILHBIJLLANVNCIMedian
NameErmenegi.Gildan A.Hanesbra.J-Long Lanvin Neo-Conc. 
Mkt Price10.2958.846.644.912.081.585.78
Mkt Cap-8.82.4---5.6
Rev LTM-3,3623,485---3,424
Op Inc LTM-728445---586
FCF LTM--58---58
FCF 3Y Avg--220---220
CFO LTM--88---88
CFO 3Y Avg--279---279

Growth & Margins

ZGNGILHBIJLLANVNCIMedian
NameErmenegi.Gildan A.Hanesbra.J-Long Lanvin Neo-Conc. 
Rev Chg LTM-4.0%1.3%---2.7%
Rev Chg 3Y Avg-0.7%-14.3%----6.8%
Rev Chg Q-2.2%1.8%---2.0%
QoQ Delta Rev Chg LTM-0.6%0.5%---0.5%
Op Mgn LTM-21.7%12.8%---17.2%
Op Mgn 3Y Avg-19.3%6.4%---12.8%
QoQ Delta Op Mgn LTM-0.4%6.2%---3.3%
CFO/Rev LTM--2.5%---2.5%
CFO/Rev 3Y Avg--8.3%---8.3%
FCF/Rev LTM--1.7%---1.7%
FCF/Rev 3Y Avg--6.5%---6.5%

Valuation

ZGNGILHBIJLLANVNCIMedian
NameErmenegi.Gildan A.Hanesbra.J-Long Lanvin Neo-Conc. 
Mkt Cap-8.82.4---5.6
P/S-2.60.7---1.6
P/EBIT-13.06.0---9.5
P/E-18.526.4---22.4
P/CFO--26.8---26.8
Total Yield-6.2%3.8%---5.0%
Dividend Yield-0.7%0.0%---0.4%
FCF Yield 3Y Avg--12.9%---12.9%
D/E-0.21.1---0.7
Net D/E-0.21.0---0.6

Returns

ZGNGILHBIJLLANVNCIMedian
NameErmenegi.Gildan A.Hanesbra.J-Long Lanvin Neo-Conc. 
1M Rtn8.9%1.8%0.8%-24.5%0.0%-13.7%0.4%
3M Rtn28.0%17.0%62.3%-20.7%-13.3%-19.4%1.8%
6M Rtn32.8%29.0%44.7%53.4%2.5%5.3%30.9%
12M Rtn33.7%23.8%-7.3%-35.4%24.6%-98.9%8.3%
3Y Rtn-2.2%98.9%-0.4%--79.2%-98.9%-2.2%
1M Excs Rtn5.2%-2.4%-3.6%-26.1%-1.7%-23.0%-3.0%
3M Excs Rtn23.4%6.1%53.8%-28.5%-20.1%-29.6%-7.0%
6M Excs Rtn11.1%7.3%22.9%31.7%-19.3%-16.5%9.2%
12M Excs Rtn14.2%6.7%-25.8%-12.9%-4.1%-116.0%-8.5%
3Y Excs Rtn-77.8%20.4%-85.8%--156.0%-175.7%-85.8%

Financials

Short Interest

Short Interest: As Of Date10152025
Short Interest: Shares Quantity3,587,978
Short Interest: % Change Since 9302025-8.3%
Average Daily Volume883,956
Days-to-Cover Short Interest4.06

SEC Filings

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Report DateFiling DateFiling
630202590520256-K 6/30/2025
12312024327202520-F 12/31/2024
630202491820246-K 6/30/2024
12312023405202420-F 12/31/2023
630202391320236-K 6/30/2023
12312022406202320-F 12/31/2022
630202282620226-K 6/30/2022
12312021406202220-F 12/31/2021
1231202011292021424B3 12/31/2020

Insider Activity

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