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ZTS (Zoetis Inc.) Stock Financials & Earnings | Market Cap Arena
ZTS
Zoetis Inc.
Mkt Cap
$54B
Healthcare
·
Drug Manufacturers - Specialty & Generic
·
🇺🇸 United States
·
NYSE
Revenue (TTM)
$9.5B
Net Income (TTM)
$2.7B
EPS (TTM)
$6.02
Free Cash Flow (TTM)
$2.3B
Gross Margin
70.5%
Op. Margin
38.0%
Net Margin
28.2%
FCF Margin
24.1%
P/S Ratio (TTM)
5.7x
P/E Ratio (TTM)
20.2x
YoY Rev Growth
+2.3%
Employees
—
Earnings Reports
▶
Q4 2025
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$2.0B
$1.4B
$728M
Q2 23
$2.2B
$1.5B
$834M
Q3 23
$2.2B
$1.5B
$798M
Q4 23
$2.2B
$1.4B
$709M
Q1 24
$2.2B
$1.5B
$801M
Q2 24
$2.4B
$1.7B
$906M
Q3 24
$2.4B
$1.7B
$920M
Q4 24
$2.3B
$1.6B
$765M
Q1 25
$2.2B
$1.6B
$846M
Q2 25
$2.5B
$1.8B
$989M
Q3 25
$2.4B
$1.7B
$936M
Q4 25
$2.4B
$1.6B
$826M
marketcaparena.com
Revenue Breakdown
ZTS
Zoetis Inc.
Revenue Breakdown
Q4 2025
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
6.7x
26.0x
Q2 23
6.6x
24.3x
Q3 23
6.4x
23.6x
Q4 23
6.3x
23.0x
Q1 24
6.2x
22.5x
Q2 24
6.0x
23.0x
Q3 24
5.9x
22.2x
Q4 24
5.8x
21.7x
Q1 25
5.8x
21.4x
Q2 25
5.7x
20.6x
Q3 25
5.7x
20.3x
Q4 25
5.7x
20.2x
marketcaparena.com
Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
$549M
$326M
Q2 23
$183M
$17M
Q3 23
$724M
$579M
Q4 23
$897M
$699M
Q1 24
$595M
$455M
Q2 24
$502M
$370M
Q3 24
$951M
$784M
Q4 24
$905M
$689M
Q1 25
$587M
$438M
Q2 25
$486M
$308M
Q3 25
$938M
$805M
Q4 25
$893M
$732M
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$223M
Q2 23
$166M
Q3 23
$145M
Q4 23
$198M
Q1 24
$140M
Q2 24
$132M
Q3 24
$167M
Q4 24
$216M
Q1 25
$149M
Q2 25
$178M
Q3 25
$133M
Q4 25
$161M
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
+0.7%
+6.3%
Q2 23
+6.2%
+1.5%
Q3 23
+7.4%
+5.8%
Q4 23
+8.5%
+11.4%
Q1 24
+9.5%
+9.2%
Q2 24
+8.3%
+8.1%
Q3 24
+11.0%
+8.5%
Q4 24
+4.7%
+3.2%
Q1 25
+1.4%
-1.1%
Q2 25
+4.2%
+1.1%
Q3 25
+0.5%
-0.3%
Q4 25
+3.0%
+0.6%
marketcaparena.com
Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$9M
0.4%
Q2 23
$17M
0.8%
Q3 23
$17M
0.8%
Q4 23
$17M
0.8%
Q1 24
$18M
0.8%
Q2 24
$19M
0.8%
Q3 24
$18M
0.8%
Q4 24
$19M
0.8%
Q1 25
$17M
0.8%
Q2 25
$22M
0.9%
Q3 25
$22M
0.9%
Q4 25
$22M
0.9%
marketcaparena.com
OpEx Breakdown
R&D
SG&A
Quarter
R&D
SG&A
Q1 23
$142M
$505M
Q2 23
$146M
$556M
Q3 23
$152M
$525M
Q4 23
$174M
$565M
Q1 24
$162M
$547M
Q2 24
$171M
$581M
Q3 24
$167M
$565M
Q4 24
$186M
$625M
Q1 25
$157M
$563M
Q2 25
$172M
$617M
Q3 25
$170M
$579M
Q4 25
$199M
$619M
marketcaparena.com
Revenue Segments
Cattle
Dogs and Cats
Fish
Horses
Poultry
Swine
Quarter
Cattle
Dogs and Cats
Fish
Horses
Poultry
Swine
Q1 23
$399M
$1.2B
$49M
$72M
$139M
$142M
Q2 23
$329M
$1.4B
$52M
$65M
$131M
$133M
Q3 23
$374M
$1.4B
$57M
$60M
$127M
$129M
Q1 24
$391M
$1.4B
$45M
$66M
$139M
$127M
Q2 24
$350M
$1.6B
$62M
$68M
$132M
$130M
Q3 24
$391M
$1.6B
$70M
$58M
$139M
$131M
Q1 25
$358M
$1.5B
$53M
$65M
$106M
$111M
Q2 25
$320M
$1.7B
$74M
$72M
$103M
$119M
Q3 25
$399M
$1.6B
$78M
$66M
$106M
$111M
marketcaparena.com
Revenue by Geography
International Segment
United States Segment
Quarter
International Segment
United States Segment
Q1 23
$978M
$1.0B
Q2 23
$995M
$1.2B
Q3 23
$956M
$1.2B
Q4 23
$982M
$1.2B
Q1 24
$1.0B
$1.2B
Q2 24
$1.0B
$1.3B
Q3 24
$1.0B
$1.3B
Q4 24
$1.0B
$1.3B
Q1 25
$1.0B
$1.2B
Q2 25
$1.1B
$1.4B
Q3 25
$1.1B
$1.3B
Q4 25
$1.1B
$1.2B
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$2.1B
$0
$2.1B
Q2 23
$1.7B
$0
$1.7B
Q3 23
$1.8B
$0
$1.8B
Q4 23
$2.0B
$0
$2.0B
Q1 24
$2.0B
$0
$2.0B
Q2 24
$1.6B
$0
$1.6B
Q3 24
$1.7B
$0
$1.7B
Q4 24
$2.0B
$0
$2.0B
Q1 25
$1.7B
$0
$1.7B
Q2 25
$1.4B
$0
$1.4B
Q3 25
$2.1B
$0
$2.1B
Q4 25
$2.3B
$0
$2.3B
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
465M
-0.5%
Q2 23
463M
-0.4%
Q3 23
461M
-0.3%
Q4 23
460M
-0.3%
Q1 24
459M
-0.3%
Q2 24
456M
-0.6%
Q3 24
454M
-0.5%
Q4 24
451M
-0.5%
Q1 25
448M
-0.7%
Q2 25
446M
-0.6%
Q3 25
443M
-0.5%
Q4 25
439M
-1.0%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 14
$4M
1K
FY 15
$529K
9K
FY 16
$543K
9K
FY 17
$577K
9K
FY 18
$583K
10K
FY 19
$591K
11K
FY 20
$591K
11K
FY 21
$643K
12K
FY 22
$586K
14K
FY 23
$606K
14K
FY 24
$671K
14K
FY 25
$653K
15K
marketcaparena.com