Ermenegildo Zegna (ZGN) Change in Working Capital (2020 - 2025)

Ermenegildo Zegna (ZGN) has 6 years of Change in Working Capital data on file, last reported at $512.0 million in Q4 2025.

• Quarterly Change in Working Capital rose 35.62% year-over-year to $512.0 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $512.0 million (up 35.62% YoY) and the FY2025 annual result came in at $496.9 million, up 29.96% from the prior year.
• Change in Working Capital grew to $512.0 million in Q4 2025 per ZGN's latest filing, from $379.8 million in the prior quarter.
• Across five years, Change in Working Capital topped out at $780.4 million in Q4 2021 and bottomed at $262.2 million in Q2 2023.
• The 5-year median for Change in Working Capital is $384.6 million (2024), against an average of $440.1 million.
• The widest annual swing landed in 2023, when Change in Working Capital sank 51.49%; it then surged 46.65% in 2024.
• Tracing ZGN's Change in Working Capital over 5 years: stood at $780.4 million in 2021, then slumped by 45.27% to $427.2 million in 2022, then sank by 30.6% to $296.4 million in 2023, then increased by 27.35% to $377.5 million in 2024, then jumped by 35.62% to $512.0 million in 2025.
• Per Business Quant, the three latest ZGN Change in Working Capital figures stand at $512.0 million (Q4 2025), $379.8 million (Q2 2025), and $377.5 million (Q4 2024).

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