Zoetis Inc. logo ZTS - Zoetis Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 1
BUY 15
HOLD 14
SELL 0
STRONG
SELL 0
| PRICE TARGET: $125.71 DETAILS
HIGH: $160.00
LOW: $95.00
MEDIAN: $135.00
CONSENSUS: $125.71
UPSIDE: 54.59%
Annual Quarterly
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Revenue
Revenue 9,467 9,256 8,544 8,080 7,776 6,675 6,260 5,825 5,307 4,888 4,765 4,785 4,561 4,336 4,233 3,582 2,760
Cost of Revenue 2,794 2,860 2,710 2,604 2,464 2,217 2,147 2,028 1,864 1,745 1,798 1,777 1,728 1,617 1,695 1,497 1,058
Gross Profit 6,673 6,396 5,834 5,476 5,312 4,458 4,113 3,797 3,443 3,143 2,967 3,008 2,833 2,719 2,538 2,085 1,702
Operating Expenses
R&D Expenses 698 686 614 539 508 463 457 432 382 376 364 396 399 409 427 411 368
SG&A Expenses 2,378 2,318 2,151 2,009 2,001 1,726 1,638 1,482 1,325 1,316 1,402 1,512 1,428 1,470 1,453 1,382 1,066
Other Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Operating Expenses 3,076 3,004 2,765 2,548 2,509 2,189 2,095 1,916 1,716 1,739 1,885 2,038 2,012 1,865 1,854 1,776 1,421
Operating Income
Operating Income 3,597 3,392 3,069 2,928 2,803 2,269 2,018 1,881 1,727 1,404 1,082 970 821 854 684 309 281
Interest Expense 243 242 258 237 236 249 242 212 175 166 124 117 113 31 36 37 26
Interest Income 93 106 105 50 6 12 37 31 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 4,069 3,872 3,685 3,358 3,172 2,686 2,455 2,210 1,942 1,634 868 1,141 1,010 941 635 400 2
EBIT 3,582 3,375 3,194 2,893 2,724 2,245 2,043 1,902 1,700 1,394 669 937 801 741 430 215 (122)
Income Before Tax 3,360 3,133 2,936 2,656 2,488 1,996 1,801 1,690 1,525 1,228 545 820 690 710 394 178 (148)
Income Tax Expense 687 637 596 545 454 360 301 266 663 409 206 233 187 274 146 67 (47)
Net Income 2,673 2,486 2,344 2,114 2,037 1,638 1,500 1,428 864 821 339 583 504 436 245 110 (100)
Per Share Data
EPS (Basic) 6.03 5.47 5.08 4.51 4.29 3.44 3.14 2.96 1.76 1.66 0.68 1.16 1.01 0.87 0.51 0.23 -0.21
EPS (Diluted) 6.02 5.47 5.07 4.49 4.27 3.42 3.11 2.93 1.75 1.65 0.68 1.16 1.01 0.87 0.51 0.23 -0.21
Shares Outstanding 443.4 454.2 461.2 468.9 474.3 475.5 478.1 483.1 489.9 495.7 499.7 501.1 500.0 500 478.1 478.1 478.1
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Current Assets
Cash & Cash Equivalents 2,312 1,985 2,039 3,577 3,482 3,602 1,932 1,597 1,564 727
Short-Term Investments 0 0 0 0 0 0 0 99 0 0
Net Receivables 1,590 1,316 1,304 1,215 1,133 1,013 1,086 1,036 998 913
Inventory 2,430 2,306 2,564 2,345 1,923 1,628 1,410 1,391 1,427 1,502
Other Current Assets 436 379 436 369 392 368 320 276 228 248
Total Current Assets 6,768 5,986 6,343 7,506 6,930 6,611 4,748 4,399 4,217 3,390
Non-Current Assets
Property, Plant & Equipment 3,969 3,610 3,434 2,973 2,603 2,394 2,129 1,658 1,435 1,381
Goodwill 2,767 2,724 2,759 2,746 2,682 2,694 2,592 2,519 1,510 1,481
Intangible Assets 998 1,127 1,338 1,380 1,474 1,710 1,890 2,046 1,269 1,228
Long-Term Investments 0 30 0 0 0 0 0 0 0 0
Other Non-Current Assets 328 220 206 147 111 106 98 94 75 73
Total Non-Current Assets 8,699 8,251 7,943 7,419 6,970 6,998 6,797 6,378 4,369 4,259
Total Assets 15,467 14,237 14,286 14,925 13,900 13,609 11,545 10,777 8,586 7,649
Current Liabilities
Account Payables 487 433 411 405 436 457 301 313 261 265
Short-Term Debt 53 1,350 3 1,352 0 604 500 9 0 0
Deferred Revenue 11 0 0 0 0 0 0 0 0 0
Other Current Liabilities 895 566 484 397 459 388 331 300 280 265
Total Current Liabilities 2,235 3,412 1,889 3,167 1,797 2,170 1,806 1,223 1,094 1,117
Non-Current Liabilities
Long-Term Debt 9,238 5,220 6,564 6,552 6,592 6,595 5,947 6,443 4,953 4,468
Deferred Tax Liabilities 139 167 146 142 320 378 434 474 380 244
Other Non-Current Liabilities 305 494 508 475 496 530 486 452 373 321
Total Non-Current Liabilities 9,901 6,055 7,406 7,355 7,559 7,666 7,031 7,369 5,706 5,033
Total Liabilities 12,136 9,467 9,295 10,522 9,356 9,836 8,837 8,592 6,800 6,150
Stockholders' Equity
Common Stock 5 5 5 5 5 5 5 5 5 5
Retained Earnings 13,744 11,968 10,295 8,668 7,186 5,659 4,427 3,270 2,109 1,477
Accumulated Other Comprehensive Income (834) (940) (839) (817) (764) (730) (726) (629) (505) (598)
Total Stockholders' Equity 3,331 4,770 4,997 4,405 4,543 3,769 2,708 2,185 1,770 1,487
Total Liabilities & Equity 15,467 14,237 14,286 14,925 13,900 13,609 11,545 10,777 8,586 7,649
Debt Metrics
Total Debt 9,493 6,744 6,755 8,090 6,743 7,362 6,611 6,452 4,953 4,468
Net Debt 7,181 4,759 4,716 4,513 3,261 3,760 4,679 4,855 3,389 3,741
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Operating Activities
Net Income 2,673 2,496 2,344 2,111 2,034 1,636 1,500 1,424 862 819
Depreciation & Amortization 487 497 491 465 448 441 412 308 242 240
Stock-Based Compensation 83 74 60 62 58 59 67 53 44 37
Change in Working Capital (408) 79 (512) (699) (343) (85) (151) 112 (29) (439)
Other Non-Cash Items 121 145 31 259 96 137 46 5 100 111
Operating Cash Flow 2,904 2,953 2,353 1,912 2,213 2,126 1,795 1,790 1,346 713
Investing Activities
Capital Expenditure (621) (655) (732) (586) (477) (453) (460) (338) (224) (216)
Acquisitions (24) 285 (59) (312) (14) (113) (195) (1,998) (82) (88)
Purchases of Investments (7) (5) (4) (9) (12) (27) 460 338 0 0
Sales/Maturities of Investments 0 0 12 23 44 453 138 28 0 0
Other Investing Activities (96) 60 6 1 1 (432) (447) (289) 36 90
Investing Cash Flow (748) (315) (777) (883) (458) (572) (504) (2,259) (270) (214)
Financing Activities
Net Debt Issuance 2,268 (3) (1,349) 1,350 (604) 744 (9) 1,504 481 (405)
Stock Repurchased (3,235) (1,858) (1,092) (1,594) (743) (250) (626) (698) (500) (300)
Dividends Paid (889) (786) (692) (611) (474) (380) (314) (243) (206) (188)
Other Financing Activities (14) (13) 24 (49) (45) 9 (2) (30) (26) (10)
Financing Cash Flow (1,870) (2,660) (3,109) (904) (1,862) 123 (951) 533 (251) (903)
Cash Position
Net Change in Cash 325 (54) (1,540) 96 (119) 1,670 332 38 837 (427)
Cash at Beginning 1,987 2,041 3,581 3,485 3,604 1,934 1,602 1,564 727 1,154
Cash at End 2,312 1,987 2,041 3,581 3,485 3,604 1,934 1,602 1,564 727
Free Cash Flow 2,283 2,298 1,621 1,326 1,736 1,673 1,335 1,452 1,122 497
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Income Statement
Revenue 9,467 9,256 8,544 8,080 7,776 6,675 6,260 5,825 5,307 4,888 4,765 4,785 4,561 4,336 4,233 3,582 2,760
Gross Profit 6,673 6,396 5,834 5,476 5,312 4,458 4,113 3,797 3,443 3,143 2,967 3,008 2,833 2,719 2,538 2,085 1,702
Operating Income 3,597 3,392 3,069 2,928 2,803 2,269 2,018 1,881 1,727 1,404 1,082 970 821 854 684 309 281
Net Income 2,673 2,486 2,344 2,114 2,037 1,638 1,500 1,428 864 821 339 583 504 436 245 110 (100)
EPS (Diluted) 6.02 5.47 5.07 4.49 4.27 3.42 3.11 2.93 1.75 1.65 0.68 1.16 1.01 0.87 0.51 0.23 -0.21
Balance Sheet
Cash & Equivalents 2,312 1,985 2,039 3,577 3,482 3,602 1,932 1,597 1,564 727
Total Assets 15,467 14,237 14,286 14,925 13,900 13,609 11,545 10,777 8,586 7,649
Total Debt 9,493 6,744 6,755 8,090 6,743 7,362 6,611 6,452 4,953 4,468
Stockholders' Equity 3,331 4,770 4,997 4,405 4,543 3,769 2,708 2,185 1,770 1,487
Cash Flow
Operating Cash Flow 2,904 2,953 2,353 1,912 2,213 2,126 1,795 1,790 1,346 713
Capital Expenditure (621) (655) (732) (586) (477) (453) (460) (338) (224) (216)
Free Cash Flow 2,283 2,298 1,621 1,326 1,736 1,673 1,335 1,452 1,122 497