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Italian luxury outerwear brand known for down jackets, also owner of the Stone Island brand.
Italian luxury outerwear brand known for down jackets, also owner of the Stone Island brand.
Sells mainly through its own stores and websites rather than third-party retailers, which keeps control of pricing and discounting; wholesale is the smaller channel. Outerwear is highly seasonal, with most sales in autumn and winter. Chairman and CEO Remo Ruffini is the largest shareholder.
Moat: wide (brand, distribution). Iconic, highly desirable luxury outerwear brand with strong direct retail and limited-edition drops.
Headquarters: Milan, Italy · Founded: 1952 · Employees: 8,533
Size Moncler (MONC.MI) is an Italy Consumer Discretionary company (Apparel/Footwear) with a market value of $13.8B, the 21st largest of 123 Italy companies the cockpit tracks. Shares closed at €45.37 on 6 Nov 2026.
Performance Over six months the shares fell 10.9%, against +5.7% for the median peer and +3.1% for the Italy market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue grew 3.0% over the last twelve months (peer median +8.9%); the operating margin is 29.2% (peer median 16.5%).
Valuation It trades at 19.5× forward earnings against a peer median of 15.6× (7th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 11% a year for seven years (Req g). Recent delivered growth is +17%, so the hurdle is -6 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 4.4 points above its cost of capital (11.0% WACC).
Next results Next results expected around 18 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €3.20B | €3.13B | €3.11B | €2.98B | €2.60B |
| Revenue growth | — | +1% | +4% | +15% | — |
| Gross profit | €2.29B | €2.17B | €2.17B | €2.06B | €1.76B |
| EBITDA | €1.28B | €1.25B | €1.22B | €1.19B | €1.04B |
| Net income | €638M | €627M | €640M | €612M | €607M |
| Free cash flow | €799M | €740M | €794M | €738M | €493M |
| Capital expenditure | €228M | €220M | €195M | €176M | €170M |
| Total debt | n/a | €1.13B | €957M | €849M | €913M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Moncler MONC.MI | $13.8B | -11% | +3% | 29% | 19.5× | 10.8% |
| Canada Goose GOOS.TO | $850M | -23% | +12% | 10% | 13.3× | 5.5% |
| Kering KER.PA | $25.7B | -23% | -9% | 11% | 30.9× | 12.2% |
| LVMH Moet Hennessy Louis Vuitton MC.PA | $226B | -11% | -4% | 22% | 18.6× | 10.2% |
| Prada 1913.HK | $13.1B | +1% | +15% | 20% | 15.6× | -6.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | MONC.MI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +5.5% | +10.8% | 5th lowest of 21 |
| 6-month return | -10.9% | +5.7% | 4th lowest of 21 |
| Distance from 52-week high | -23.6% | -11.4% | 8th lowest of 21 |
| Revenue growth (TTM) | +3.0% | +8.9% | 7th lowest of 21 |
| Operating margin | 29.2% | 16.5% | highest of 21 |
| Forward P/E | 19.5× | 15.6× | 7th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 10.8% | 6.9% | 9th most demanding of 21 |
| Growth delivered (Del g) | +16.8% | +14.3% | 8th highest of 21 |
| Hurdle (Req g minus delivered) | -6.0 pp | -6.5 pp | 11th least demanding of 21 |
| ROIC minus cost of capital | +4.4 pp | +12.2 pp | 7th lowest of 21 |
| EV / EBITDA | 10.1× | 10.1× | 9th most expensive of 18 |
| Net debt / EBITDA | 0.6× | 0.7× | 9th least indebted of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Moncler MONC.MI | Italy | $13.8B | -11% | +3% | 29% | 19.5× | 10.8% | +16.8% |
| Lululemon Athletica LULU | United States | $12.8B | -16% | +2% | 18% | 13.4× | -8.9% | +20.3% |
| On Holding AG Class A ONON | United States | $12.3B | +6% | +29% | 14% | 20.0× | 22.0% | +51.6% |
| Ryohin Keikaku 7453.T | Japan | $16.4B | +31% | +18% | 11% | 32.4× | 9.5% | +15.3% |
| Deckers Brands DECK | United States | $11.6B | -14% | +6% | 23% | 11.0× | -3.3% | +16.5% |
| Asics 7936.T | Japan | $20.7B | +10% | +28% | 19% | 27.1× | 14.1% | +19.8% |
| Levi Strauss & LEVI | United States | $8.77B | +1% | +5% | 13% | 14.6× | 5.2% | +7.1% |
| Ralph Lauren RL | United States | $22.4B | +5% | +15% | 17% | 18.6× | 11.0% | +13.0% |
| Shenzhou Intl 2313.HK | Hong Kong | $8.08B | -7% | +2% | 16% | 11.8× | -4.5% | +5.4% |
| V.F VFC | United States | $8.01B | +7% | -2% | 8% | 16.6× | 11.1% | +0.8% |
| Next NXT.L | United Kingdom | $23.8B | +24% | +13% | 19% | 18.8× | 12.5% | +14.3% |
| Huali Industrial 300979.SZ | China | $7.09B | +6% | -10% | 14% | 19.7× | -4.4% | +12.4% |
| Crocs CROX | United States | $6.94B | +47% | +1% | 23% | 9.6× | 1.1% | +23.9% |
| Anta Sports 2020.HK | Hong Kong | $28.2B | +2% | +17% | 21% | 12.5× | -0.7% | +16.9% |
| Bosideng International 3998.HK | Hong Kong | $6.64B | +3% | +8% | 18% | 10.3× | -10.8% | +14.2% |
| Birkenstock BIRK | United States | $6.64B | -5% | +20% | 24% | 13.9× | 7.4% | +19.9% |
| Brunello Cucinelli BC.MI | Italy | $6.61B | +4% | +10% | 18% | 37.8× | 20.6% | +20.9% |
| Gildan Activewear GIL.TO | Canada | $6.48B | -40% | +40% | 15% | 6.8× | 6.5% | +13.7% |
| Ermenegildo Zegna ZGN | United States | $5.96B | +7% | +11% | 9% | 31.1× | 20.3% | +11.3% |
| adidas ADS.DE | Germany | $33.2B | +19% | +8% | 9% | 18.3× | 3.5% | +6.1% |
| Youngor Fashion 600177.SS | China | $5.69B | +10% | -5% | -3% | 12.8× | 23.3% | +0.1% |