Zoetis Inc. logo ZTS - Zoetis Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY 1
BUY 14
HOLD 16
SELL 0
STRONG
SELL 0
| PRICE TARGET: $103.83 DETAILS
HIGH: $160.00
LOW: $85.00
MEDIAN: $97.00
CONSENSUS: $103.83
UPSIDE: 36.51%
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 2015 2014 2013 2012 2011 2010
Current Assets
Cash & Cash Equivalents 2,312 1,985 2,039 3,577 3,482 3,602 1,932 1,597 1,564 727 1,154 882 610 317 79 63
Short-Term Investments 0 0 0 0 0 0 0 99 0 0 0 0 0 0 0 0
Net Receivables 1,590 1,316 1,304 1,215 1,133 1,013 1,086 1,036 998 913 937 980 1,138 900 871 773
Inventory 2,430 2,306 2,564 2,345 1,923 1,628 1,410 1,391 1,427 1,502 1,467 1,289 1,293 1,345 1,063 995
Other Current Assets 436 379 436 369 392 368 320 276 228 248 272 314 316 302 298 285
Total Current Assets 6,768 5,986 6,343 7,506 6,930 6,611 4,748 4,399 4,217 3,390 3,830 3,465 3,357 2,864 2,311 2,116
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 1,307 1,318 1,295 1,241 1,243 1,148
Goodwill 2,767 2,724 2,759 2,746 2,682 2,694 2,592 2,519 1,510 1,481 1,455 976 982 985 989 934
Intangible Assets 998 1,127 1,338 1,380 1,474 1,710 1,890 2,046 1,269 1,228 1,190 727 803 868 928 924
Long-Term Investments 0 30 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 328 220 206 147 111 106 98 94 75 73 49 48 58 88 97 92
Total Non-Current Assets 8,699 8,251 7,943 7,419 6,970 6,998 6,797 6,378 4,369 4,259 4,083 3,123 3,201 3,398 3,400 3,168
Total Assets 15,467 14,237 14,286 14,925 13,900 13,609 11,545 10,777 8,586 7,649 7,913 6,588 6,558 6,262 5,711 5,284
Current Liabilities
Account Payables 487 433 411 405 436 457 301 313 261 265 293 290 506 319 214 206
Short-Term Debt 53 1,350 3 1,352 0 604 500 9 0 0 405 7 15 73 0 38
Deferred Revenue 11 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 895 566 484 397 459 388 331 300 280 265 297 246 248 701 611 540
Total Current Liabilities 2,235 3,412 1,889 3,167 1,797 2,170 1,806 1,223 1,094 1,117 1,781 1,086 1,415 1,123 843 808
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 4,463 3,624 3,642 509 575 673
Deferred Tax Liabilities 139 167 146 142 320 378 434 474 380 244 264 277 322 323 311 218
Other Non-Current Liabilities 305 494 508 475 496 530 486 452 373 321 314 264 217 266 246 241
Total Non-Current Liabilities 9,901 6,055 7,406 7,355 7,559 7,666 7,031 7,369 5,706 5,033 5,041 4,165 4,181 1,098 1,132 1,132
Total Liabilities 12,136 9,467 9,295 10,522 9,356 9,836 8,837 8,592 6,800 6,150 6,822 5,251 5,596 2,221 1,975 1,940
Stockholders' Equity
Common Stock 5 5 5 5 5 5 5 5 5 5 5 5 5 0 0 0
Retained Earnings 13,744 11,968 10,295 8,668 7,186 5,659 4,427 3,270 2,109 1,477 876 709 276 0 0 0
Accumulated Other Comprehensive Income (834) (940) (839) (817) (764) (730) (726) (629) (505) (598) (622) (361) (219) (157) (65) (74)
Total Stockholders' Equity 3,331 4,770 4,997 4,405 4,543 3,769 2,708 2,185 1,770 1,487 1,068 1,311 940 4,026 3,720 3,344
Total Liabilities & Equity 15,467 14,237 14,286 14,925 13,900 13,609 11,545 10,777 8,586 7,649 7,913 6,588 6,558 6,262 5,711 5,284
Debt Metrics
Total Debt 9,493 6,744 6,755 8,090 6,743 7,362 6,611 6,452 4,953 4,468 4,868 3,631 3,657 582 575 711
Net Debt 7,181 4,759 4,716 4,513 3,261 3,760 4,679 4,855 3,389 3,741 3,714 2,749 3,047 265 496 648
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Operating Activities
Net Income 2,673 2,496 2,344 2,111 2,034 1,636 1,500 1,424 862 819 339 587 503 436 248 111 (101)
Depreciation & Amortization 487 497 491 465 448 441 412 308 242 240 199 204 209 200 205 185 124
Stock-Based Compensation 83 74 60 62 58 59 67 53 44 37 43 32 43 28 19 16 15
Change in Working Capital (408) 79 (512) (699) (343) (85) (151) 112 (29) (439) (208) (157) (104) (149) (117) 100 357
Other Non-Cash Items 121 145 31 259 96 137 46 5 100 111 376 101 7 13 77 (90) 37
Operating Cash Flow 2,904 2,953 2,353 1,912 2,213 2,126 1,795 1,790 1,346 713 664 626 681 454 497 254 98
Investing Activities
Capital Expenditure (621) (655) (732) (586) (477) (453) (460) (338) (224) (216) (224) (195) (184) (126) (135) (124) (135)
Acquisitions (24) 285 (59) (312) (14) (113) (195) (1,998) (82) (88) (883) 0 (4) 0 (345) (81) (2,254)
Purchases of Investments (7) (5) (4) (9) (12) (27) 460 338 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 62 12 23 44 453 138 28 0 0 0 0 0 0 0 0 0
Other Investing Activities (96) (2) 6 1 1 (432) (447) (289) 36 90 (8) 8 9 (9) 31 196 568
Investing Cash Flow (748) (315) (777) (883) (458) (572) (504) (2,259) (270) (214) (1,115) (187) (179) (135) (449) (9) (1,821)
Financing Activities
Net Debt Issuance 2,268 (3) (1,349) 1,350 (604) 744 (9) 1,504 481 (405) 1,115 0 2,641 0 (143) 0 719
Stock Repurchased (3,235) (1,858) (1,092) (1,594) (743) (250) (626) (698) (500) (300) (203) 0 0 0 0 0 0
Dividends Paid (889) (786) (692) (611) (474) (380) (314) (243) (206) (188) (168) (146) (98) (63) (416) (207) (101)
Other Financing Activities (14) (13) 24 (49) (45) 9 (2) (30) (26) (10) 11 (10) (2,743) (15) 529 (70) 1,205
Financing Cash Flow (1,870) (2,660) (3,109) (904) (1,862) 123 (951) 533 (251) (903) 755 (154) (200) (78) (30) (277) 1,823
Cash Position
Net Change in Cash 325 (54) (1,540) 96 (119) 1,670 332 38 837 (427) 272 272 293 238 16 (36) 93
Cash at Beginning 1,987 2,041 3,581 3,485 3,604 1,934 1,602 1,564 727 1,154 882 610 317 79 63 99 6
Cash at End 2,312 1,987 2,041 3,581 3,485 3,604 1,934 1,602 1,564 727 1,154 882 610 317 79 63 99
Free Cash Flow 2,283 2,298 1,621 1,326 1,736 1,673 1,335 1,452 1,122 497 440 431 497 328 362 130 (37)
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 1,154 882 610 317 79 63
Total Assets 15,467 14,237 14,286 14,925 13,900 13,609 11,545 10,777 8,586 7,649 7,913 6,588 6,558 6,262 5,711 5,284
Total Debt 9,493 6,744 6,755 8,090 6,743 7,362 6,611 6,452 4,953 4,468 4,868 3,631 3,657 582 575 711
Stockholders' Equity 3,331 4,770 4,997 4,405 4,543 3,769 2,708 2,185 1,770 1,487 1,068 1,311 940 4,026 3,720 3,344
Cash Flow
Operating Cash Flow 2,904 2,953 2,353 1,912 2,213 2,126 1,795 1,790 1,346 713 664 626 681 454 497 254 98
Capital Expenditure (621) (655) (732) (586) (477) (453) (460) (338) (224) (216) (224) (195) (184) (126) (135) (124) (135)
Free Cash Flow 2,283 2,298 1,621 1,326 1,736 1,673 1,335 1,452 1,122 497 440 431 497 328 362 130 (37)