Ermenegildo Zegna N.V.

ZGNNYSEConsumer Cyclical● Active

$14.86

+$0.21(+1.43%)

Market Cap$4.0B

P/E Ratio—

52W High$14.98

52W Low$7.605

Avg Volume790K

Open$14.79

Beta0.88

Free Cash Flow Financials Revenue

Ermenegildo Zegna N.V. (ZGN) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

ZGN · free cash flow · updated Jun 8, 2026

Core FCF metrics

ZGN · FCF · TTM · margin & CAGR

Free cash flow was $242.2M for FY2025 (fiscal year ending 2025-12-31), up 57.7% year-over-year The FCF margin was 13.2%. Five-year CAGR stands at +50.1%.

FY2025 Free Cash Flow$242.2M▲ +57.7% YoY

Trailing 12M (TTM)$433.8Mtrailing 4 quarters sum

FCF Margin13.2%$242.2M ÷ revenue

3-Year CAGR+49.1%FY2022 → FY2025

5-Year CAGR+50.1%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

ZGN · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$322.3M(80M)$242.2M▲ +57.7%13.2%

FY2024$279.1M(126M)$153.6M▼ 22.2%7.9%

FY2023$275.4M(78M)$197.5M▲ +170.2%10.4%

FY2022$146.4M(73M)$73.1M▼ 60.9%4.9%

FY2021$281.2M(94M)$186.8M▲ +488.4%14.5%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

ZGN · P/FCF · FCF yield · FCF per share

Ermenegildo Zegna N.V. (ZGN) trades at a FCF yield of 7.48% and a price-to-free-cash-flow ratio of 8.9x. FCF per share stands at $1.67, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

7.48%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$1.67

TTM FCF ÷ Shares Outstanding

Price / FCF

x8.9

Share Price ÷ FCF per Share

EV / FCF (TTM)

x16.3

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

ZGN · cash flow statement · operating / investing / financing

For FY2025, Ermenegildo Zegna N.V. generated $322.3M in operating cash flow and spent 80M in capital expenditures, yielding $242.2M in free cash flow.

Operating Activities

+$322.3M

Cash from core business operations

2025-12-31

Investing Activities

−$105.6M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$206.6M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($322.3M) − |CapEx| (80M) = FCF ($242.2M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Cyclical)

ZGN vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Ermenegildo Zegna N.V.YOU

ZGN

$242.2M+57.7%13.2%

Toyota Motor Corporation

Alibaba Group Holding Limited

BABA

−$50.72B-164.9%-5.0%

Loss

Consumer Cyclical · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Ermenegildo Zegna N.V. (ZGN) reported free cash flow of $242.2M for FY2025 (fiscal year ending 2025-12-31), up 57.7% year-over-year. The FCF margin was 13.2%.

Based on available data, Ermenegildo Zegna N.V. has maintained positive free cash flow for at least 8 fiscal year(s). FCF peaked at $242.2M in FY2025. The 5-year CAGR stands at +50.1%.

Ermenegildo Zegna N.V.'s FCF yield is 7.48% and price-to-FCF ratio is 8.9x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

ZGN free cash flow · 8 questions

Ermenegildo Zegna N.V. free cash flow was $242.2M for FY2025, up 57.7% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $433.8M.

ZGN free cash flowZGN FCFZGN FCF 2025ZGN free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Ermenegildo Zegna N.V. · Ermenegildo Zegna N.V. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026