UNDER ARMOUR, INC. vs Ermenegildo Zegna N.V., two Apparel stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Under Armour and Ermenegildo Zegna sit at opposite ends of the apparel spectrum, an athletic brand mid-turnaround set against an Italian luxury house. Under Armour is loss-making, a return on equity near -35% and no earnings to price, and it burns cash at -6.31% while carrying 1.27 in debt. Zegna is profitable and clean, 9.96% on equity, no debt, and an 8.14% free cash flow yield, though its 31.76 times earnings asks a lot. At 1.82 times book Under Armour is a recovery bet; at 2.85 times Zegna is a bet that luxury demand holds.
Comparison updated 2026-07-11.
| Metric | UA | ZGN |
|---|---|---|
| Price | $6.62 | $13.44 |
| Market cap | $2.8B | $3.5B |
| Sector | Apparel | Apparel |
| Stage | Mature | Mature |
| P/E | — | 32.5 |
| P/B | 1.99 | 2.92 |
| P/S | 0.57 | 1.67 |
| EV/EBITDA | 46.4 | 7.8 |
| Revenue growth | -3.7% | +10.9% |
| Gross margin | 42.0% | 67.5% |
| Operating margin | -2.9% | 7.3% |
| Net margin | -10.0% | 5.7% |
| Return on equity | -35.0% | 10.0% |
| Return on assets | -11.2% | 3.9% |
| Return on invested capital | -0.4% | 9.9% |
| FCF yield | -5.8% | 8.0% |
| Debt / equity | 1.27 | 0.00 |
| Current ratio | 1.62 | 1.59 |
| Altman Z (solvency) | 2.01 | 7.02 |
| Piotroski F (quality) | 1 / 9 | 7 / 9 |
Each week boothcheck ranks the stocks whose prices are betting on the most. Read the most stretched bets archive →
boothcheck is also on Android. Get the app on Google Play →
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.