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 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1 2012 Q4 2012 Q3 2012 Q2 2012 Q1 2011 Q4 2011 Q3 2011 Q2 2011 Q1
Revenue
Revenue 2,262 2,387 2,400 2,460 2,220 2,317 2,388 2,361 2,190 2,213 2,151 2,180 2,000 2,040 2,002 2,052 1,986 1,967 1,990 1,948 1,871 1,807 1,786 1,548 1,534 1,674 1,584 1,547 1,455 1,564 1,480 1,415 1,366 1,460 1,347 1,269 1,231 1,277 1,241 1,208 1,162 1,274 1,214 1,175 1,102 1,320 1,210 1,158 1,097 1,254 1,103 1,114 1,090 1,176 1,019 1,094 1,047 1,127 1,049 1,074 983
Cost of Revenue 641 743 715 682 654 741 736 703 680 765 676 644 625 688 644 662 610 640 626 609 589 641 586 491 499 570 517 504 556 583 505 470 470 480 458 462 464 487 429 399 389 496 421 427 394 491 434 413 379 466 385 416 402 433 359 378 393 419 398 454 381
Gross Profit 1,621 1,644 1,685 1,778 1,566 1,576 1,652 1,658 1,510 1,448 1,475 1,536 1,375 1,352 1,358 1,390 1,376 1,327 1,364 1,339 1,282 1,166 1,200 1,057 1,035 1,104 1,067 1,043 899 981 975 945 896 980 889 807 767 790 812 809 773 778 793 748 708 829 776 745 718 788 718 698 688 743 660 716 654 708 651 620 602
Operating Expenses
R&D Expenses 180 199 170 172 157 186 167 171 162 174 152 146 142 148 134 135 122 138 132 120 118 133 112 111 107 132 112 111 102 125 108 102 97 110 96 86 90 108 90 88 90 109 91 84 80 124 93 92 87 121 93 95 90 121 94 92 102 119 102 105 101
SG&A Expenses 588 619 579 617 563 625 565 581 547 565 525 556 505 514 501 529 465 593 504 495 409 518 424 393 389 472 391 406 369 420 367 359 338 361 328 336 309 361 345 343 315 425 374 379 354 497 394 396 356 458 399 399 357 453 335 344 338 427 331 360 335
Other Expenses 31 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (4) 30 (81) 2 (2) 8 6 (4) (8) (1) (2) 6 10 (5) 9 12 7 16 1 17 18 16
Operating Expenses 799 818 749 789 720 811 732 752 709 739 677 702 647 662 635 664 587 731 636 615 527 653 536 504 496 604 503 517 471 545 446 461 435 471 424 424 399 469 435 453 426 550 480 478 449 635 503 503 458 594 507 509 462 590 445 452 456 564 450 483 452
Operating Income
Operating Income 822 826 936 989 846 765 920 906 801 709 798 834 728 690 723 726 789 596 728 724 755 513 664 553 539 500 564 526 428 436 529 484 461 509 465 383 368 321 377 356 347 228 313 270 259 194 273 242 260 194 211 189 226 153 215 264 198 144 201 137 150
Interest Expense 62 57 64 58 59 56 61 63 62 59 63 63 68 67 57 57 56 57 59 60 60 62 66 62 59 62 61 59 60 62 56 47 47 50 43 41 41 41 41 41 43 38 29 29 28 30 29 29 29 30 29 32 22 8 7 8 8 9 9 9 9
Interest Income 21 25 26 19 23 27 23 24 32 26 23 23 33 30 13 5 2 2 1 2 1 3 1 2 6 8 10 9 10 11 6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 941 947 1,069 1,083 988 911 1,056 970 935 835 904 1,056 885 778 839 844 897 680 828 808 856 591 774 655 666 608 696 612 539 581 558 547 524 543 514 445 440 335 434 374 398 162 397 374 274 34 355 332 306 214 303 214 265 206 274 325 246 199 273 187 199
EBIT 822 826 945 960 869 788 935 843 809 709 780 935 765 659 724 727 783 563 718 696 747 482 663 544 556 499 589 514 441 480 474 484 464 480 456 386 378 272 374 373 375 107 302 2 258 185 267 229 256 156 214 219 214 82 220 260 179 39 157 113 121
Income Before Tax 758 761 887 902 810 732 874 780 747 650 717 872 697 592 667 670 727 506 659 636 687 420 597 482 497 437 528 455 381 418 418 437 417 430 413 345 337 231 333 332 332 69 273 (27) 230 155 238 200 227 126 185 187 192 74 213 252 171 30 148 104 112
Income Tax Expense 157 158 166 184 179 151 182 156 148 127 121 202 146 132 139 141 133 93 107 125 129 62 118 106 74 53 95 84 69 73 71 55 67 350 117 98 98 77 96 108 128 49 83 9 65 29 71 61 72 22 54 59 52 84 52 79 59 20 53 38 35
Net Income 601 603 721 718 631 581 682 624 599 525 596 671 552 461 529 529 595 414 552 512 559 359 479 377 423 384 433 371 312 345 347 384 352 81 298 247 238 154 239 224 204 22 189 (37) 165 126 166 136 155 105 131 128 140 (10) 162 173 111 9 94 66 76
Per Share Data
EPS (Basic) 1.42 1.38 1.63 1.61 1.41 1.29 1.51 1.37 1.31 1.14 1.29 1.45 1.19 0.99 1.13 1.13 1.26 0.88 1.16 1.08 1.18 0.75 1.01 0.79 0.89 0.81 0.91 0.77 0.65 0.72 0.72 0.79 0.72 0.17 0.61 0.50 0.48 0.31 0.48 0.45 0.41 0.04 0.38 -0.07 0.33 0.25 0.33 0.27 0.31 0.21 0.26 0.26 0.28 -0.02 0.34 0.36 0.23 0.02 0.19 0.13 0.16
EPS (Diluted) 1.42 1.37 1.63 1.61 1.41 1.29 1.50 1.37 1.31 1.14 1.29 1.45 1.19 0.99 1.13 1.12 1.26 0.87 1.16 1.07 1.17 0.75 1.00 0.79 0.88 0.80 0.90 0.77 0.65 0.71 0.71 0.79 0.72 0.16 0.61 0.50 0.48 0.31 0.48 0.45 0.41 0.04 0.38 -0.07 0.33 0.25 0.33 0.27 0.31 0.21 0.26 0.26 0.28 -0.02 0.34 0.36 0.23 0.02 0.19 0.13 0.16
Shares Outstanding 422.1 438.2 442.9 445.1 447.6 450.5 452.9 455.5 458 459 460.3 461.9 463.5 465.6 467.8 470 472.2 473.1 474 474.8 475.5 475.5 475.5 475.3 475.6 476.4 477.8 478.8 479.6 480.6 482 483.8 485.9 487.3 489.1 490.8 492.4 493.9 495.2 496.3 497.4 498.3 499.2 500.2 501.1 501.6 501.5 501.0 500.2 500.0 500 500 500 500 476.4 476.4 476.4 476.4 476.4 476.4 476.4
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1
Current Assets
Cash & Cash Equivalents 1,940 2,310 2,084 1,435 1,721 1,985 1,710 1,573 1,973 2,039 1,751 1,714 2,105 3,577 2,503 2,648 3,135 3,482 3,274 3,658 3,602 3,602 3,654 3,353 1,950 1,932 1,811 1,751 1,728 1,597 1,286 1,558 1,654 1,564 1,981 705 629 727 651 658 675
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 12 25 65 99 105 0 0 0 0 0 0 0 0 0 0
Net Receivables 1,506 1,590 1,541 1,540 1,361 1,316 1,411 1,383 1,293 1,304 1,257 1,322 1,186 1,215 1,189 1,291 1,222 1,133 1,152 1,170 1,125 1,013 1,012 984 965 1,086 1,030 994 970 1,036 929 973 943 998 1,009 975 954 913 915 888 908
Inventory 2,550 2,430 2,465 2,439 2,365 2,306 2,416 2,452 2,651 2,564 2,744 2,701 2,563 2,345 2,303 2,205 2,057 1,923 1,875 1,802 1,700 1,628 1,626 1,584 1,481 1,410 1,439 1,404 1,361 1,391 1,441 1,420 1,441 1,427 1,490 1,498 1,535 1,502 1,563 1,525 1,461
Other Current Assets 477 438 493 509 430 379 745 794 442 436 470 446 415 369 556 507 423 392 381 418 367 368 465 364 376 320 326 310 255 276 315 288 229 228 414 406 265 248 235 257 263
Total Current Assets 6,474 6,768 6,583 5,923 5,877 5,986 6,282 6,202 6,359 6,343 6,222 6,183 6,269 7,506 6,551 6,651 6,837 6,930 6,682 7,048 6,794 6,611 6,757 6,285 4,772 4,748 4,618 4,484 4,379 4,399 4,076 4,239 4,267 4,217 4,894 3,584 3,383 3,390 3,364 3,328 3,307
Non-Current Assets
Property, Plant & Equipment 4,001 3,969 3,892 3,839 3,661 3,610 3,521 3,422 3,476 3,434 3,318 3,235 3,129 2,973 2,840 2,752 2,676 2,603 2,526 2,463 2,416 2,394 2,293 2,192 2,159 2,129 2,006 1,934 1,841 1,658 1,556 1,470 1,453 1,435 1,388 1,355 1,368 1,381 1,382 1,341 1,317
Goodwill 2,778 2,767 2,764 2,758 2,716 2,724 2,744 2,739 2,759 2,759 2,762 2,714 2,738 2,746 2,692 2,720 2,685 2,682 2,703 2,718 2,707 2,694 2,690 2,629 2,583 2,592 2,550 2,505 2,522 2,519 2,537 1,514 1,532 1,510 1,530 1,495 1,497 1,481 1,497 1,475 1,459
Intangible Assets 959 998 1,040 1,075 1,082 1,127 1,186 1,226 1,295 1,338 1,398 1,252 1,314 1,380 1,319 1,390 1,430 1,474 1,572 1,640 1,671 1,710 1,794 1,783 1,821 1,890 1,935 1,916 1,989 2,046 2,120 1,225 1,280 1,269 1,318 1,210 1,232 1,228 1,282 1,217 1,210
Long-Term Investments 0 0 1 0 0 30 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 351 328 292 267 232 250 215 210 227 206 216 173 143 147 161 147 129 111 112 97 108 106 94 92 105 98 91 87 87 94 97 75 78 75 64 65 72 73 71 66 48
Total Non-Current Assets 8,680 8,699 8,576 8,556 8,221 8,251 8,075 7,963 7,989 7,943 7,884 7,566 7,485 7,419 7,123 7,119 7,023 6,970 7,023 7,021 7,002 6,998 6,968 6,784 6,756 6,797 6,654 6,502 6,504 6,378 6,383 4,364 4,423 4,369 4,394 4,218 4,266 4,259 4,351 4,190 4,146
Total Assets 15,154 15,467 15,159 14,479 14,098 14,237 14,357 14,165 14,348 14,286 14,106 13,749 13,754 14,925 13,674 13,770 13,860 13,900 13,705 14,069 13,796 13,609 13,725 13,069 11,528 11,545 11,272 10,986 10,883 10,777 10,459 8,603 8,690 8,586 9,288 7,802 7,649 7,649 7,715 7,518 7,453
Current Liabilities
Account Payables 507 487 410 508 420 433 404 420 405 411 388 464 424 405 373 430 402 436 387 369 346 457 357 335 265 301 284 290 235 313 238 230 217 261 213 199 231 265 241 224 210
Short-Term Debt 0 53 0 1,350 1,350 1,350 0 0 24 3 2 2 3 1,352 1,353 1,352 1,350 0 0 604 604 604 1,101 501 500 500 0 0 0 9 0 0 0 0 750 850 750 0 0 4 4
Deferred Revenue 0 11 12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 360 1,127 896 423 408 566 476 394 361 484 381 354 336 397 391 352 377 459 375 310 314 388 281 235 262 331 231 233 255 300 265 189 211 280 242 195 214 265 246 201 230
Total Current Liabilities 2,053 2,235 1,807 3,366 3,385 3,412 1,702 1,797 1,909 1,889 1,608 1,769 1,915 3,167 2,880 3,051 3,034 1,797 1,471 2,091 2,066 2,170 2,400 1,811 1,721 1,806 1,052 1,075 1,082 1,223 1,003 967 1,000 1,094 1,746 1,784 1,730 1,117 1,039 1,039 1,163
Non-Current Liabilities
Long-Term Debt 9,045 9,238 7,069 5,231 5,227 5,220 6,574 6,563 6,562 6,564 6,552 6,555 6,559 6,552 5,210 5,221 5,228 6,592 6,592 6,592 6,587 6,595 6,595 7,194 5,963 5,947 6,447 6,446 6,444 6,443 6,441 4,955 4,954 4,953 4,952 3,719 3,718 4,468 4,467 4,465 4,464
Deferred Tax Liabilities 130 139 147 156 161 167 172 175 136 146 160 121 131 142 256 274 287 320 291 381 393 378 410 395 421 434 473 446 464 474 446 229 246 380 269 261 272 244 266 292 270
Other Non-Current Liabilities 500 305 534 539 497 480 494 489 505 508 521 495 478 475 480 483 495 496 510 506 499 530 546 527 511 486 453 439 442 452 451 470 515 373 302 292 294 321 345 351 369
Total Non-Current Liabilities 9,868 9,901 7,954 6,136 6,058 6,055 7,421 7,408 7,387 7,406 7,424 7,359 7,348 7,355 6,132 6,139 6,168 7,559 7,553 7,626 7,638 7,666 7,718 8,271 7,054 7,031 7,542 7,500 7,484 7,369 7,338 5,654 5,715 5,706 5,523 4,272 4,284 5,033 5,078 5,108 5,103
Total Liabilities 11,921 12,136 9,761 9,502 9,443 9,467 9,123 9,205 9,296 9,295 9,032 9,128 9,263 10,522 9,012 9,190 9,202 9,356 9,024 9,717 9,704 9,836 10,118 10,082 8,775 8,837 8,594 8,575 8,566 8,592 8,341 6,621 6,715 6,800 7,269 6,056 6,014 6,150 6,117 6,147 6,266
Stockholders' Equity
Common Stock 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5
Retained Earnings 14,183 13,744 13,593 12,872 12,375 11,968 11,806 11,124 10,696 10,295 10,140 9,543 9,045 8,668 8,533 8,004 7,628 7,186 7,044 6,492 6,099 5,659 5,526 5,048 4,764 4,427 4,217 3,788 3,495 3,270 3,067 2,722 2,399 2,109 2,140 1,843 1,651 1,477 1,423 1,190 1,016
Accumulated Other Comprehensive Income (772) (834) (818) (877) (1,017) (940) (851) (845) (841) (839) (814) (895) (828) (817) (809) (722) (704) (764) (667) (623) (633) (730) (735) (856) (781) (726) (699) (669) (598) (629) (619) (543) (429) (505) (455) (542) (552) (598) (506) (554) (618)
Total Stockholders' Equity 3,233 3,331 5,398 4,977 4,655 4,770 5,234 4,966 5,058 4,997 5,078 4,625 4,494 4,405 4,663 4,580 4,658 4,543 4,679 4,350 4,089 3,769 3,602 2,982 2,753 2,708 2,678 2,411 2,317 2,185 2,118 1,970 1,960 1,770 1,989 1,715 1,609 1,487 1,585 1,357 1,165
Total Liabilities & Equity 15,154 15,467 15,159 14,479 14,098 14,237 14,357 14,165 14,348 14,286 14,106 13,749 13,754 14,925 13,674 13,770 13,860 13,900 13,705 14,069 13,796 13,609 13,725 13,069 11,528 11,545 11,272 10,986 10,883 10,777 10,459 8,603 8,690 8,586 9,288 7,802 7,649 7,649 7,715 7,518 7,453
Debt Metrics
Total Debt 9,238 9,493 7,273 6,791 6,750 6,744 6,755 6,744 6,770 6,755 6,745 6,745 6,742 8,090 6,749 6,734 6,736 6,743 6,752 7,343 7,350 7,362 7,863 7,850 6,622 6,611 6,650 6,615 6,578 6,452 6,441 4,955 4,954 4,953 5,702 4,569 4,468 4,468 4,467 4,469 4,468
Net Debt 7,298 7,183 5,189 5,356 5,029 4,759 5,045 5,171 4,797 4,716 4,994 5,031 4,637 4,513 4,246 4,086 3,601 3,261 3,478 3,685 3,748 3,760 4,209 4,497 4,672 4,679 4,839 4,864 4,850 4,855 5,155 3,397 3,300 3,389 3,721 3,864 3,839 3,741 3,816 3,811 3,793
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1
Operating Activities
Net Income 601 603 721 718 631 581 692 624 599 525 596 670 551 460 528 529 594 413 552 511 558 358 479 376 423 384 433 371 312 345 347 382 350 80 296 247 239 154 237 224 204
Depreciation & Amortization 119 121 124 123 119 123 121 127 126 126 124 121 120 119 115 117 114 117 110 112 109 109 111 111 110 109 107 98 98 101 84 63 60 63 58 59 62 63 60 60 57
Stock-Based Compensation 25 22 22 22 17 19 18 19 18 17 17 17 9 16 15 15 16 14 15 16 13 13 14 16 16 16 16 17 18 17 14 11 11 11 11 11 11 9 9 10 9
Change in Working Capital (385) 170 54 (415) (217) 309 360 (239) (121) 202 (48) (511) (155) 124 (112) (326) (385) 62 59 (180) (284) 177 (74) (59) (129) 97 (32) (177) (39) 99 123 (195) 85 293 63 (148) (237) (8) (39) (211) (181)
Other Non-Cash Items 7 25 33 45 18 25 (198) 72 16 48 49 (80) 16 198 14 32 15 32 14 33 17 83 34 23 (3) 25 (10) 15 16 (21) (27) 20 24 31 27 22 20 71 41 12 (13)
Operating Cash Flow 401 893 938 486 587 905 951 502 595 897 724 183 549 741 526 336 309 679 653 481 400 718 562 438 408 582 506 318 389 584 550 267 389 608 439 180 119 286 239 137 51
Investing Activities
Capital Expenditure (110) (161) (133) (178) (149) (216) (167) (132) (140) (198) (145) (166) (223) (171) (154) (146) (115) (168) (119) (113) (77) (144) (125) (90) (94) (166) (128) (103) (63) (138) (74) (73) (53) (83) (48) (51) (42) (60) (57) (54) (45)
Acquisitions 0 (14) (10) 0 0 293 (1) (8) 1 (96) (145) 93 (7) (216) (3) (89) (4) 1 0 (11) (3) (5) (30) (72) (6) (58) (137) 0 0 (6) (1,994) 0 0 82 (79) 0 (3) 88 (68) (8) (12)
Purchases of Investments (2) 11 73 (52) (27) (1) (1) (2) (1) (1) (1) (1) (1) (1) (1) (2) (5) (2) (10) 113 77 0 125 90 0 (332) 0 0 0 (338) 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 0 51 (10) 11 10 (11) 20 (10) 13 (51) 34 34 6 27 15 (15) 17 0 (20) (4) 24 12 13 40 36 28 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 25 (2) (90) (17) 1 (1) 1 (1) (1) 96 0 4 2 (170) 0 0 0 0 0 (113) (77) (28) (124) (88) 19 331 43 4 4 380 4 (3) 8 (53) (1) 11 (3) (87) 1 13 75
Investing Cash Flow (87) (166) (160) (247) (175) 126 (178) (132) (131) (210) (271) (80) (216) (438) (124) (203) (118) (142) (114) (139) (63) (177) (174) (164) (57) (213) (209) (59) (23) (74) (2,064) (76) (45) (54) (128) (40) (48) (59) (124) (49) 18
Financing Activities
Net Debt Issuance 0 1,784 484 0 0 0 0 (24) 21 1 0 (1) (1,349) 1,347 1 2 0 0 (604) 0 0 (497) 0 0 0 0 0 0 (9) 8 1,485 0 0 (750) 1,131 100 0 0 (4) 0 (400)
Stock Repurchased (606) (2,060) (394) (338) (443) (553) (433) (533) (339) (235) (250) (324) (283) (405) (377) (451) (361) (198) (198) (166) (181) 250 0 0 (250) (176) (150) (150) (150) (150) (143) (215) (190) (125) (125) (125) (125) (75) (74) (75) (76)
Dividends Paid (224) (220) (222) (223) (224) (194) (197) (197) (198) (172) (173) (173) (174) (151) (153) (153) (154) (117) (119) (119) (119) (95) (95) (95) (95) (79) (78) (78) (79) (60) (61) (60) (62) (51) (52) (51) (52) (47) (47) (47) (47)
Other Financing Activities (10) 1 (2) (3) (10) 2 2 (5) (8) 9 7 4 4 (11) 0 (8) (30) 1 2 (5) (39) (255) 2 1,236 17 5 (4) 2 (17) 5 (18) 4 (10) (41) 2 12 1 (6) 1 14 (20)
Financing Cash Flow (840) (495) (134) (564) (677) (745) (628) (763) (524) (397) (416) (494) (1,802) 780 (529) (610) (545) (314) (919) (290) (339) (597) (93) 1,141 (328) (250) (232) (226) (243) (197) 1,263 (271) (262) (967) 956 (64) (176) (128) (124) (108) (543)
Cash Position
Net Change in Cash (509) 228 649 (286) (266) 273 140 (401) (66) 287 37 (392) (1,472) 1,074 (145) (483) (350) 211 (384) 56 (2) (50) 301 1,402 17 119 60 27 126 316 (272) (96) 90 (417) 1,276 76 (98) 76 (7) (17) (479)
Cash at Beginning 2,450 2,084 1,435 1,721 1,987 1,714 1,574 1,975 2,041 1,754 1,717 2,109 3,581 2,507 2,652 3,135 3,485 3,274 3,658 3,602 3,604 3,654 3,353 1,951 1,934 1,815 1,755 1,728 1,602 1,286 1,558 1,654 1,564 1,981 705 629 727 651 658 675 1,154
Cash at End 1,941 2,312 2,084 1,435 1,721 1,987 1,714 1,574 1,975 2,041 1,754 1,717 2,109 3,581 2,507 2,652 3,135 3,485 3,274 3,658 3,602 3,604 3,654 3,353 1,951 1,934 1,815 1,755 1,728 1,602 1,286 1,558 1,654 1,564 1,981 705 629 727 651 658 675
Free Cash Flow 291 732 805 308 438 689 784 370 455 699 579 17 326 570 372 190 194 511 534 368 323 574 437 348 314 416 378 215 326 446 476 194 336 525 391 129 77 226 182 83 6
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1 2012 Q4 2012 Q3 2012 Q2 2012 Q1 2011 Q4 2011 Q3 2011 Q2 2011 Q1
Income Statement
Revenue 2,262 2,387 2,400 2,460 2,220 2,317 2,388 2,361 2,190 2,213 2,151 2,180 2,000 2,040 2,002 2,052 1,986 1,967 1,990 1,948 1,871 1,807 1,786 1,548 1,534 1,674 1,584 1,547 1,455 1,564 1,480 1,415 1,366 1,460 1,347 1,269 1,231 1,277 1,241 1,208 1,162 1,274 1,214 1,175 1,102 1,320 1,210 1,158 1,097 1,254 1,103 1,114 1,090 1,176 1,019 1,094 1,047 1,127 1,049 1,074 983
Gross Profit 1,621 1,644 1,685 1,778 1,566 1,576 1,652 1,658 1,510 1,448 1,475 1,536 1,375 1,352 1,358 1,390 1,376 1,327 1,364 1,339 1,282 1,166 1,200 1,057 1,035 1,104 1,067 1,043 899 981 975 945 896 980 889 807 767 790 812 809 773 778 793 748 708 829 776 745 718 788 718 698 688 743 660 716 654 708 651 620 602
Operating Income 822 826 936 989 846 765 920 906 801 709 798 834 728 690 723 726 789 596 728 724 755 513 664 553 539 500 564 526 428 436 529 484 461 509 465 383 368 321 377 356 347 228 313 270 259 194 273 242 260 194 211 189 226 153 215 264 198 144 201 137 150
Net Income 601 603 721 718 631 581 682 624 599 525 596 671 552 461 529 529 595 414 552 512 559 359 479 377 423 384 433 371 312 345 347 384 352 81 298 247 238 154 239 224 204 22 189 (37) 165 126 166 136 155 105 131 128 140 (10) 162 173 111 9 94 66 76
EPS (Diluted) 1.42 1.37 1.63 1.61 1.41 1.29 1.50 1.37 1.31 1.14 1.29 1.45 1.19 0.99 1.13 1.12 1.26 0.87 1.16 1.07 1.17 0.75 1.00 0.79 0.88 0.80 0.90 0.77 0.65 0.71 0.71 0.79 0.72 0.16 0.61 0.50 0.48 0.31 0.48 0.45 0.41 0.04 0.38 -0.07 0.33 0.25 0.33 0.27 0.31 0.21 0.26 0.26 0.28 -0.02 0.34 0.36 0.23 0.02 0.19 0.13 0.16
Balance Sheet
Cash & Equivalents 1,940 2,310 2,084 1,435 1,721 1,985 1,710 1,573 1,973 2,039 1,751 1,714 2,105 3,577 2,503 2,648 3,135 3,482 3,274 3,658 3,602 3,602 3,654 3,353 1,950 1,932 1,811 1,751 1,728 1,597 1,286 1,558 1,654 1,564 1,981 705 629 727 651 658 675
Total Assets 15,154 15,467 15,159 14,479 14,098 14,237 14,357 14,165 14,348 14,286 14,106 13,749 13,754 14,925 13,674 13,770 13,860 13,900 13,705 14,069 13,796 13,609 13,725 13,069 11,528 11,545 11,272 10,986 10,883 10,777 10,459 8,603 8,690 8,586 9,288 7,802 7,649 7,649 7,715 7,518 7,453
Total Debt 9,238 9,493 7,273 6,791 6,750 6,744 6,755 6,744 6,770 6,755 6,745 6,745 6,742 8,090 6,749 6,734 6,736 6,743 6,752 7,343 7,350 7,362 7,863 7,850 6,622 6,611 6,650 6,615 6,578 6,452 6,441 4,955 4,954 4,953 5,702 4,569 4,468 4,468 4,467 4,469 4,468
Stockholders' Equity 3,233 3,331 5,398 4,977 4,655 4,770 5,234 4,966 5,058 4,997 5,078 4,625 4,494 4,405 4,663 4,580 4,658 4,543 4,679 4,350 4,089 3,769 3,602 2,982 2,753 2,708 2,678 2,411 2,317 2,185 2,118 1,970 1,960 1,770 1,989 1,715 1,609 1,487 1,585 1,357 1,165
Cash Flow
Operating Cash Flow 401 893 938 486 587 905 951 502 595 897 724 183 549 741 526 336 309 679 653 481 400 718 562 438 408 582 506 318 389 584 550 267 389 608 439 180 119 286 239 137 51
Capital Expenditure (110) (161) (133) (178) (149) (216) (167) (132) (140) (198) (145) (166) (223) (171) (154) (146) (115) (168) (119) (113) (77) (144) (125) (90) (94) (166) (128) (103) (63) (138) (74) (73) (53) (83) (48) (51) (42) (60) (57) (54) (45)
Free Cash Flow 291 732 805 308 438 689 784 370 455 699 579 17 326 570 372 190 194 511 534 368 323 574 437 348 314 416 378 215 326 446 476 194 336 525 391 129 77 226 182 83 6