Ermenegildo Zegna N.V. ZGN

Competitive advantage analysis · consumer-cyclical

Corporate Default
Overall moat score
68/100
Moderate

About Ermenegildo Zegna N.V.

Ermenegildo Zegna N.V., together with its subsidiaries, designs, manufactures, markets, and distributes luxury menswear and womenwear, children's clothing, footwear, leather goods, and other accessories worldwide. The company offers luxury leisurewear, such as knitwear, jeans, jersey and shirts, fabric and leather outerwear, and accessories; formalwear, including formal suits to tuxedos, shirts, blazers, formal coats, and accessories; and leather accessories comprising sneakers … Full ZGN analysis →

Competitive advantage assessment

Key strengths

  • Revenue Growth Consistent Revenue growth volatility is low (stability score 0.80), suggesting sticky customer base.
  • Cash Generation Consistent Cash generation is consistent (score 0.94), indicating reliable business model.

Key risks

  • Volatile Margins Suggest Cyclicality Margin volatility is high (stability score 0.32), suggesting cyclical exposure or competitive pressure.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Moderate
61

Where ZGN ranks in Apparel Manufacturing

Ermenegildo Zegna N.V. ranks #5 of 26 scored companies in Apparel Manufacturing by moat score — the top 19%. The widest moat in the group is Ralph Lauren Corporation (RL) at 83/100.

Moat scores for companies ranked near ZGN in Apparel Manufacturing
# Company Moat score Rating
1 Ralph Lauren Corporation RL 83/100 Strong
2 Kontoor Brands, Inc. KTB 73/100 Moderate
3 Levi Strauss & Co LEVI 69/100 Moderate
4 Gildan Activewear, Inc. GIL 69/100 Moderate
5 Ermenegildo Zegna N.V. ZGN 68/100 Moderate
6 FIGS, Inc. FIGS 67/100 Moderate
7 Columbia Sportswear Company COLM 67/100 Moderate
8 PVH Corp. PVH 64/100 Moderate
9 Canada Goose Holdings Inc. Subo GOOS 61/100 Moderate

See every General Corporate company ranked by moat score →

How ZGN scores on the Corporate Default defenses

Pricing Power

Score 61 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 50 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 88 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 62 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 62 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 84 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding ZGN's moat

What is Ermenegildo Zegna N.V.'s moat score?

Ermenegildo Zegna N.V. (ZGN) scores 68 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #5 of 26 scored companies in Apparel Manufacturing, the top 19%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 25 companies in Apparel Manufacturing. Its strongest defense is Customer Stickiness (88/100) and its weakest is Cost Advantage (50/100).

How does Ermenegildo Zegna N.V. compare with other Apparel Manufacturing companies?

Ermenegildo Zegna N.V. ranks #5 of 26 scored companies in Apparel Manufacturing by moat score. The widest moat in Apparel Manufacturing is Ralph Lauren Corporation (RL) at 83/100. The companies ranked closest are Gildan Activewear, Inc. (GIL) at 68 just above it and FIGS, Inc. (FIGS) at 67 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 25 companies in Apparel Manufacturing. The defenses are then weighted to produce the overall score out of 100.

Why is Ermenegildo Zegna N.V. scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Ermenegildo Zegna N.V.?

The Corporate Default template measures 6 defenses, and ZGN scores: Pricing Power (61), Cost Advantage (50), Customer Stickiness (88), Capital Efficiency (62), Resilience (62), Scale & Market Position (84). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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