COLUMBIA SPORTSWEAR COMPANY vs Ermenegildo Zegna N.V., two Apparel stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Ermenegildo Zegna sells Italian luxury and is priced like it, 31.76 times earnings, while Columbia Sportswear, maker of fleece and rain shells, trades at a plainer 20.54. Both carry no debt and sit near each other on book value, 2.85 for Zegna and 2.15 for Columbia. Their returns are close, 9.96% on equity for Zegna and 10.7% for Columbia, and Columbia's 4.98% net margin nearly matches Zegna's 5.71%. Where they split is cash: Zegna yields 8.14% in free cash flow, Columbia 5.13%, and Columbia adds a 1.86% dividend. Similar profitability, different price tags and different closets.
Comparison updated 2026-07-11.
| Metric | COLM | ZGN |
|---|---|---|
| Price | $62.99 | $13.44 |
| Market cap | $3.3B | $3.5B |
| Sector | Apparel | Apparel |
| Stage | Mature | Mature |
| Implied growth (priced in) | -2.9% | — |
| P/E | 20.1 | 32.5 |
| P/B | 2.10 | 2.92 |
| P/S | 0.98 | 1.67 |
| EV/EBITDA | 11.6 | 7.8 |
| Revenue growth | +1.3% | +10.9% |
| Gross margin | 50.7% | 67.5% |
| Operating margin | 5.4% | 7.3% |
| Net margin | 5.0% | 5.7% |
| Return on equity | 10.7% | 10.0% |
| Return on assets | 6.6% | 3.9% |
| Return on invested capital | 9.3% | 9.9% |
| FCF yield | 5.3% | 8.0% |
| Dividend yield | 1.9% | — |
| Debt / equity | 0.00 | 0.00 |
| Current ratio | 3.07 | 1.59 |
| Altman Z (solvency) | 4.82 | 7.02 |
| Piotroski F (quality) | 4 / 9 | 7 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.