Zoetis Inc. financials
Source: EDGAR filings · Built 2026-06-02T04:27:55Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 2.28B | 2.30B | 1.62B | 1.33B | 1.74B | 1.67B |
| Working Capital | 4.60B | 2.57B | 4.45B | 4.34B | 5.13B | 4.44B |
| Net Debt | 6.85B | 4.82B | 4.77B | 4.55B | 3.30B | 3.79B |
| Gross Margin | 71.84% | 70.62% | 70.03% | 69.63% | 70.38% | 69.18% |
| Net Margin | 28.23% | 26.86% | 27.43% | 26.16% | 26.20% | 24.54% |
| Return on Equity (ROE) | 78.27% | 52.12% | 46.91% | 47.99% | 44.84% | 43.46% |
| Return on Assets (ROA) | 17.26% | 17.46% | 16.41% | 14.16% | 14.65% | 12.04% |
| Current Ratio | 3.12× | 1.75× | 3.36× | 2.37× | 3.86× | 3.05× |
| Debt-to-Equity | 2.72× | 1.43× | 1.36× | 1.85× | 1.49× | 1.96× |
| Effective Tax Rate | 20.45% | 20.33% | 20.30% | 20.52% | 18.25% | 18.04% |
| Cash Conversion Ratio | 1.09× | 1.19× | 1.00× | 0.90× | 1.09× | 1.30× |
| Accruals Ratio | -0.01× | -0.03× | -0.00× | 0.01× | -0.01× | -0.04× |
| SBC % of Revenue | 0.88% | 0.80% | 0.70% | 0.77% | 0.75% | 0.88% |
| CapEx Coverage | 4.66× | 4.50× | 3.21× | 3.26× | 4.64× | 4.69× |
| Free Cash Flow Per Share | $5.14 | $5.05 | $3.51 | $2.82 | $3.64 | $3.50 |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 20.90× | 29.79× | 38.93× | 32.64× | 57.15× | 48.39× |
| P/FCF | 24.48× | 32.26× | 56.29× | 51.99× | 67.01× | 47.34× |
| FCF Yield | 4.08% | 3.10% | 1.78% | 1.92% | 1.49% | 2.11% |
| P/S | 5.65× | 7.89× | 10.59× | 8.41× | 14.83× | 11.79× |
| P/B | 15.66× | 15.32× | 18.10× | 15.43× | 25.38× | 20.87× |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenues | 9.47B | 9.26B | 8.54B | 8.08B | 7.78B | 6.67B |
| Cost of Goods and Services Sold | 2.67B | 2.72B | 2.56B | 2.45B | 2.30B | 2.06B |
| Selling, General and Administrative Expense | 2.38B | 2.32B | 2.15B | 2.01B | 2.00B | 1.73B |
| Income Tax Expense (Benefit) | 687.00M | 637.00M | 596.00M | 545.00M | 454.00M | 360.00M |
| Net Income (Loss) Attributable to Parent | 2.67B | 2.49B | 2.34B | 2.11B | 2.04B | 1.64B |
| Earnings Per Share, Basic | $6.03 | $5.47 | $5.08 | $4.51 | $4.29 | $3.44 |
| Weighted Average Number of Shares Outstanding, Basic | 443.44M | 454.20M | 461.17M | 468.89M | 474.35M | 475.50M |
| Earnings Per Share, Diluted | $6.02 | $5.47 | $5.07 | $4.49 | $4.27 | $3.42 |
| Weighted Average Number of Shares Outstanding, Diluted | 443.83M | 454.85M | 462.27M | 470.38M | 476.72M | 478.57M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 2.45B | 1.99B | 2.04B | 3.58B | 3.48B | 3.60B |
| Assets, Current | 6.77B | 5.99B | 6.34B | 7.51B | 6.93B | 6.61B |
| Assets | 15.49B | 14.24B | 14.29B | 14.93B | 13.90B | 13.61B |
| Liabilities, Current | 2.17B | 3.41B | 1.89B | 3.17B | 1.80B | 2.17B |
| Long-term Debt, Excluding Current Maturities | 9.04B | 5.22B | 6.56B | 6.55B | 6.59B | 6.59B |
| Liabilities | 12.07B | 9.47B | 9.29B | 10.52B | 9.36B | 9.84B |
| Stockholders' Equity Attributable to Parent | 3.42B | 4.77B | 5.00B | 4.41B | 4.54B | 3.77B |
| Common Stock, Shares, Outstanding | 424.93M | 448.47M | 458.37M | 463.81M | 472.57M | 475.32M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 2.90B | 2.95B | 2.35B | 1.91B | 2.21B | 2.13B |
| Payments to Acquire Property, Plant, and Equipment | 621.00M | 655.00M | 732.00M | 586.00M | 477.00M | 453.00M |
| Net Cash Provided by (Used in) Investing Activities | -748.00M | -315.00M | -777.00M | -883.00M | -458.00M | -572.00M |
| Payments for Repurchase of Common Stock | 3.23B | 1.86B | 1.09B | 1.59B | 743.00M | 250.00M |
| Net Cash Provided by (Used in) Financing Activities | -1.87B | -2.66B | -3.11B | -904.00M | -1.86B | 123.00M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 291.00M | 732.00M | 1.55B | 744.00M | 335.00M | 689.00M |
| Working Capital | 4.42B | 4.60B | 4.78B | 2.56B | 2.49B | 2.57B |
| Net Debt | 7.30B | 6.85B | 5.19B | 5.36B | 5.03B | 4.82B |
| Gross Margin | 71.66% | 70.17% | 71.54% | 73.62% | 71.88% | 69.49% |
| Net Margin | 26.57% | 25.26% | 30.04% | 29.19% | 27.39% | 25.08% |
| Return on Equity (ROE) | 18.59% | 17.66% | 13.36% | 14.43% | 12.93% | 12.18% |
| Return on Assets (ROA) | 3.97% | 3.89% | 4.76% | 4.96% | 4.27% | 4.08% |
| Current Ratio | 3.15× | 3.12× | 3.64× | 1.76× | 1.74× | 1.75× |
| Debt-to-Equity | 2.86× | 2.72× | 1.35× | 1.36× | 1.45× | 1.43× |
| Effective Tax Rate | 20.71% | 20.76% | 18.71% | 20.40% | 22.12% | 20.63% |
| Cash Conversion Ratio | 0.67× | 1.48× | 2.79× | 1.49× | 0.86× | 1.56× |
| Accruals Ratio | 0.01× | -0.02× | -0.09× | -0.02× | 0.01× | -0.02× |
| SBC % of Revenue | 1.11% | 0.92% | 2.54% | 1.59% | 0.77% | 0.82% |
| CapEx Coverage | 3.65× | 5.55× | 4.35× | 3.26× | 2.86× | 4.19× |
| Free Cash Flow Per Share | $0.69 | $1.65 | $3.50 | $1.67 | $0.75 | $1.51 |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 19.60× | 21.15× | 24.93× | 27.17× | 29.94× | 29.79× |
| P/S | 5.23× | 5.66× | 6.89× | 7.39× | 7.93× | 7.89× |
| P/B | 15.37× | 15.66× | 11.97× | 13.91× | 15.78× | 15.32× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenues | 2.26B | 2.39B | 2.40B | 2.46B | 2.20B | 2.32B |
| Cost of Goods and Services Sold | 641.00M | 712.00M | 683.00M | 649.00M | 618.00M | 707.00M |
| Selling, General and Administrative Expense | 588.00M | 619.00M | 579.00M | 617.00M | 574.00M | 625.00M |
| Income Tax Expense (Benefit) | 157.00M | 158.00M | 166.00M | 184.00M | 171.00M | 151.00M |
| Net Income (Loss) Attributable to Parent | 601.00M | 603.00M | 721.00M | 718.00M | 602.00M | 581.00M |
| Earnings Per Share, Basic | $1.42 | $1.38 | $1.63 | $1.61 | $1.34 | $1.29 |
| Weighted Average Number of Shares Outstanding, Basic | 422.10M | 443.44M | 442.90M | 445.10M | 447.60M | 454.20M |
| Earnings Per Share, Diluted | $1.42 | $1.37 | $1.63 | $1.61 | $1.34 | $1.29 |
| Weighted Average Number of Shares Outstanding, Diluted | 422.40M | 443.83M | 443.20M | 445.50M | 448.00M | 454.85M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 1.94B | 2.45B | 2.08B | 1.44B | 1.72B | 1.99B |
| Assets, Current | 6.47B | 6.77B | 6.58B | 5.92B | 5.88B | 5.99B |
| Assets | 15.15B | 15.49B | 15.16B | 14.48B | 14.10B | 14.24B |
| Liabilities, Current | 2.05B | 2.17B | 1.81B | 3.37B | 3.38B | 3.41B |
| Long-term Debt, Excluding Current Maturities | 9.04B | 9.04B | 7.07B | 5.23B | 5.23B | 5.22B |
| Liabilities | 11.92B | 12.07B | 9.76B | 9.50B | 9.44B | 9.47B |
| Stockholders' Equity Attributable to Parent | 3.23B | 3.42B | 5.40B | 4.98B | 4.66B | 4.77B |
| Common Stock, Shares, Outstanding | 420.35M | 424.93M | 441.46M | 443.95M | 446.04M | 448.47M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 401.00M | 893.00M | 2.01B | 1.07B | 515.00M | 905.00M |
| Payments to Acquire Property, Plant, and Equipment | 110.00M | 161.00M | 460.00M | 327.00M | 178.00M | 216.00M |
| Net Cash Provided by (Used in) Investing Activities | -87.00M | -166.00M | -582.00M | -422.00M | -203.00M | 126.00M |
| Payments for Repurchase of Common Stock | 606.00M | 2.06B | 1.18B | 781.00M | 443.00M | 553.00M |
| Net Cash Provided by (Used in) Financing Activities | -840.00M | -495.00M | -1.38B | -1.24B | -677.00M | -745.00M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (ZTS CIK 0001555280),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.