ZGN financial statements
The full income statement, balance sheet, and cash-flow statement for Ermenegildo Zegna N.V. (ZGN), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 2.17B+3.0% | 2.11B+2.2% | 2.06B+31.1% | 1.57B+2.7% | 1.53B+32.1% | |
| 1.46B+4.4% | 1.40B+5.9% | 1.32B+35.6% | 976M+3.6% | 942M | ||
| Cost of revenue | 705M+0.2% | 703M-4.4% | 736M+23.8% | 594M+1.4% | 586M | |
| Operating income | 158M-12.6% | 180M-19.8% | 225M+44.8% | 155M+239.8% | -111M-332.5% | |
| Interest expense | 57.1M+1.5% | 56.2M-23.7% | 73.7M+28.9% | 57.2M+10.3% | 51.8M-5.4% | |
| Pre-tax income | 158M+12.2% | 141M-22.7% | 183M+72.0% | 106M+192.7% | -115M-218.7% | |
| Income tax | 34.6M-19.6% | 43.0M+18.9% | 36.2M-4.0% | 37.7M+3.7% | 36.3M+112.6% | |
| 124M+26.1% | 98.3M-33.0% | 147M+113.6% | 68.7M+145.5% | -151M-184.6% | ||
| Net income to common | 112M+33.8% | 83.4M-36.6% | 131M+142.7% | 54.2M+133.7% | -161M-179.0% | |
| $0.43+32.5% | $0.32-37.5% | $0.52+135.0% | $0.22+127.9% | -$0.79-178.0% | ||
| EPS (basic) | $0.43+28.2% | $0.34-36.7% | $0.53+129.0% | $0.23+129.2% | -$0.79-178.0% | |
| Weighted-avg shares (basic) | 260M+3.2% | 252M+1.8% | 247M+4.0% | 238M+16.7% | 203M+1.0% | |
| Weighted-avg shares (diluted) | 261M+2.8% | 254M+0.7% | 252M+4.9% | 241M+18.3% | 203M+1.0% | |
| Dividends per share | $0.13+2.4% | $0.13+20.1% | $0.11+13.3% | $0.09+18919.6% | $0.00 | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.40B+11.6% | 1.25B-11.8% | 1.42B+3.3% | 1.38B-12.3% | 1.57B+2.9% | ||
| Cash & equivalents | 259M+13.6% | 228M-30.4% | 327M+20.2% | 272M-47.7% | 521M+33.4% | |
| Accounts receivable | 267M+3.2% | 259M-2.6% | 265M+40.0% | 190M+4.4% | 182M+6.4% | |
| Inventory | 596M+10.1% | 542M-6.1% | 577M+31.2% | 440M+14.7% | 383M-3.1% | |
| 3.33B+13.1% | 2.95B-3.6% | 3.05B+17.6% | 2.60B-6.7% | 2.78B-6.3% | ||
| Property, plant & equipment | 248M+16.7% | 213M+20.8% | 176M+30.6% | 135M+6.9% | 126M-58.0% | |
| Goodwill | 651M+2.0% | 639M+1.1% | 632M+29.5% | 488M+1.3% | 482M+0.9% | |
| Total non-current assets | 1.93B+14.3% | 1.69B+3.6% | 1.63B+33.8% | 1.22B+0.5% | 1.22B-16.0% | |
| Total current liabilities | 882M-0.5% | 886M-20.7% | 1.12B+20.4% | 928M+16.6% | 795M+20.8% | |
| Long-term debt | 191M-6.6% | 204M+63.2% | 125M-36.8% | 198M | 0.00-100.0% | |
| 1.21B+27.3% | 952M+2.6% | 928M+27.7% | 726M+6.7% | 681M-8.0% | ||
| Total equity incl. non-controlling | 1.29B+26.5% | 1.02B+2.7% | 995M+26.9% | 784M+7.4% | 730M-8.0% | |
| Common shares issued | — | — | 468K+0.0% | 468K-92.1% | 5.94M | |
| Shares outstanding (cover) | — | — | — | 243M+0.2% | 242M | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 380M+25.8% | 302M+1.4% | 298M+93.4% | 154M-53.7% | 333M+311.3% | ||
| Depreciation & amortization | 277M+14.0% | 243M+16.4% | 209M+15.5% | 181M-1.2% | 183M-3.5% | |
| Capital expenditure | 91.1M-15.9% | 108M+75.6% | 61.7M+19.4% | 51.7M-45.2% | 94.3M+199.2% | |
| Free cash flow | 289M+49.0% | 194M-18.0% | 236M+130.7% | 102M-57.0% | 238M+382.9% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt issued | 56.5M-79.9% | 281M+27.1% | 221M | 0.00-100.0% | 146M-51.7% | |
| Long-term debt repaid | 202M-35.7% | 315M-5.0% | 331M+97.0% | 168M-11.3% | 189M-24.8% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00-100.0% | 368M | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 34.5M+5.3% | 32.8M+21.0% | 27.1M+17.8% | 23.0M+18955.7% | 121K | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 2.68B+27.6% | 2.10B-25.2% | 2.81B+31.8% | 2.13B-0.1% | 2.13B | |
| P/E | 21.6×+1.2% | 21.4×-47.8% | 40.9× | — | — | |
| P/S | 1.2×+23.9% | 1.0×-44.2% | 1.8×+28.3% | 1.4×-0.1% | 1.4× | |
| P/B | 2.2×+0.3% | 2.2×-43.0% | 3.9×+23.6% | 3.1×-0.1% | 3.1× | |
| P/FCF | 9.3×-14.4% | 10.8×-60.5% | 27.4×+207.0% | 8.9×-0.1% | 9.0× | |
| Earnings yield | 4.6%-1.2% | 4.7%+91.5% | 2.4% | — | — | |
| FCF yield | 10.8%+16.8% | 9.2%+153.1% | 3.6%-67.4% | 11.2%+0.1% | 11.2% | |
| Dividend yield | 1.3%-17.5% | 1.6%+68.3% | 0.93%+2.5% | 0.90%+18937.8% | 0.00% | |
| Source filing | 20-F | 20-F | 20-F | 20-F | 20-F |
About this data
Source: ZGN’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all ZGN filings on SEC EDGAR → Not investment advice.