Fundies.
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Zoetis Inc.

EDGAR
ZTS Current report (8-K) · filed 2026-10-13

Annual consolidated revenue for 2025: about USD 9.467B, using the latest reported figures. The previous period, 2024, was about USD 9.256B.

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Watchlist

Latest quarter

Revenue

2.47 billion USD

2026 Q2 · USD

Exact inputs and evidence
  • Revenue: 2468000000 USD Source

Net margin

28%

2026 Q2 · %

Exact inputs and evidence
  • Net Income: 691000000 USD Source
  • Revenue: 2468000000 USD Source

Operating cash flow

655 million USD

2026 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: 1056000000 USD Source
  • Operating Cash Flow: 401000000 USD Source

Free cash flow

538 million USD

2026 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: 1056000000 USD Source
  • Operating Cash Flow: 401000000 USD Source
  • Capital Expenditure: 227000000 USD Source
  • Capital Expenditure: 110000000 USD Source
Cash and cash equivalents
1.48 billion USD Source
Exact value

1476000000 USD

Long-term debt including current maturities
Not available
Shares outstanding
414 million shares Source
Exact value

414154046 shares

Reported share-count change

-6.71% · -29.8 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 443945593 shares · 2025-06-30· Source
  • 414154046 shares · 2026-06-30· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

9.52 billion USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Revenue: 2400000000 USD · 2025-07-01 – 2025-09-30 Source
  • Revenue: 9467000000 USD · 2025-01-01 – 2025-12-31 Source
  • Revenue: 7080000000 USD · 2025-01-01 – 2025-09-30 Source
  • Revenue: 2262000000 USD · 2026-01-01 – 2026-03-31 Source
  • Revenue: 2468000000 USD · 2026-04-01 – 2026-06-30 Source

Net income

2.62 billion USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Net income: 721000000 USD · 2025-07-01 – 2025-09-30 Source
  • Net income: 2673000000 USD · 2025-01-01 – 2025-12-31 Source
  • Net income: 2070000000 USD · 2025-01-01 – 2025-09-30 Source
  • Net income: 601000000 USD · 2026-01-01 – 2026-03-31 Source
  • Net income: 691000000 USD · 2026-04-01 – 2026-06-30 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-13.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 11 of 11 periods available· newest 2025-12-31
  • operating income: No compatible figures in this window
  • Net income: 11 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 11 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 11 of 11 periods available· newest 2025-12-31
  • Total assets: 11 of 11 periods available· newest 2025-12-31
  • Total liabilities: 11 of 11 periods available· newest 2025-12-31
  • Current assets: 11 of 11 periods available· newest 2025-12-31
  • Current liabilities: 11 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 11 of 11 periods available· newest 2025-12-31
  • long term debt: No compatible figures in this window
  • Shares outstanding: 11 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +2.3%

    Prior period

    USD 9.26 billion

    –

    Current period

    USD 9.47 billion

    –

    Exact inputs and evidence

    9467000000 − 9256000000 = 211000000 USD

    9256000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    9467000000 USD · 2025-01-01 – 2025-12-31

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  • Net income

    +7.5%

    Prior period

    USD 2.49 billion

    –

    Current period

    USD 2.67 billion

    –

    Exact inputs and evidence

    2673000000 − 2486000000 = 187000000 USD

    2486000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    2673000000 USD · 2025-01-01 – 2025-12-31

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  • Operating cash flow

    -1.7%

    Prior period

    USD 2.95 billion

    –

    Current period

    USD 2.9 billion

    –

    Exact inputs and evidence

    2904000000 − 2953000000 = -49000000 USD

    2953000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    2904000000 USD · 2025-01-01 – 2025-12-31

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  • Capital expenditure

    -5.2%

    Prior period

    USD 655 million

    –

    Current period

    USD 621 million

    –

    Exact inputs and evidence

    621000000 − 655000000 = -34000000 USD

    655000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    621000000 USD · 2025-01-01 – 2025-12-31

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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 9.47 billion 100% of revenue
  • Operating costs Derived Unavailable An input is unavailable.
  • Operating income Unavailable An input is unavailable.
  • Tax, interest and other Derived Unavailable An input is unavailable.
  • Net income USD 2.67 billion 28% of revenue

Cash

  • Operating cash flow USD 2.9 billion 31% of revenue
  • Capital expenditure USD 621 million 6.6% of revenue
  • Free cash flow Derived USD 2.28 billion 24% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2016 Not shown: operating income or net income is not reported.
  • 2017 Not shown: operating income or net income is not reported.
  • 2018 Not shown: operating income or net income is not reported.
  • 2019 Not shown: operating income or net income is not reported.
  • 2020 Not shown: operating income or net income is not reported.
  • 2021 Not shown: operating income or net income is not reported.
  • 2022 Not shown: operating income or net income is not reported.
  • 2023 Not shown: operating income or net income is not reported.
  • 2024 Not shown: operating income or net income is not reported.
  • 2025 Not shown: operating income or net income is not reported.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2016 2016-01-01 – 2016-12-314888000000 UnavailableUnavailableUnavailable821000000 497000000 Derived
Source
2017 2017-01-01 – 2017-12-315307000000 UnavailableUnavailableUnavailable864000000 1122000000 Derived
Source
2018 2018-01-01 – 2018-12-315825000000 UnavailableUnavailableUnavailable1428000000 1452000000 Derived
Source
2019 2019-01-01 – 2019-12-316260000000 UnavailableUnavailableUnavailable1500000000 1335000000 Derived
Source
2020 2020-01-01 – 2020-12-316675000000 UnavailableUnavailableUnavailable1638000000 1673000000 Derived
Source
2021 2021-01-01 – 2021-12-317776000000 UnavailableUnavailableUnavailable2037000000 1736000000 Derived
Source
2022 2022-01-01 – 2022-12-318080000000 UnavailableUnavailableUnavailable2114000000 1326000000 Derived
Source
2023 2023-01-01 – 2023-12-318544000000 UnavailableUnavailableUnavailable2344000000 1621000000 Derived
Source
2024 2024-01-01 – 2024-12-319256000000 UnavailableUnavailableUnavailable2486000000 2298000000 Derived
Source
2025 2025-01-01 – 2025-12-319467000000 UnavailableUnavailableUnavailable2673000000 2283000000 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 9.5B 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.10.2B7.7B5.1B2.6B0.0201620212025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Revenue4888000000
2017Revenue5307000000
2018Revenue5825000000
2019Revenue6260000000
2020Revenue6675000000
2021Revenue7776000000
2022Revenue8080000000
2023Revenue8544000000
2024Revenue9256000000
2025Revenue9467000000

Revenue growth

Change in revenue from the same financial period one year earlier.

2.3% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.17.8%13.4%8.9%4.5%0.0%201620212025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2016Year over year2.6%
2017Year over year8.6%
2018Year over year9.8%
2019Year over year7.5%
2020Year over year6.6%
2021Year over year16.5%
2022Year over year3.9%
2023Year over year5.7%
2024Year over year8.3%
2025Year over year2.3%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Net margin 28.2% 2025
Free cash flow margin 24.1% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.30.5%22.9%15.2%7.6%0.0%2016-12-312021-12-312025-12-31
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2016-12-31Operating marginNot reported
2017-12-31Operating marginNot reported
2018-12-31Operating marginNot reported
2019-12-31Operating marginNot reported
2020-12-31Operating marginNot reported
2021-12-31Operating marginNot reported
2022-12-31Operating marginNot reported
2023-12-31Operating marginNot reported
2024-12-31Operating marginNot reported
2025-12-31Operating marginNot reported
2016Net margin16.8%
2017Net margin16.3%
2018Net margin24.5%
2019Net margin24%
2020Net margin24.5%
2021Net margin26.2%
2022Net margin26.2%
2023Net margin27.4%
2024Net margin26.9%
2025Net margin28.2%
2016Free cash flow margin10.2%
2017Free cash flow margin21.1%
2018Free cash flow margin24.9%
2019Free cash flow margin21.3%
2020Free cash flow margin25.1%
2021Free cash flow margin22.3%
2022Free cash flow margin16.4%
2023Free cash flow margin19%
2024Free cash flow margin24.8%
2025Free cash flow margin24.1%

Operating cash flow

Cash generated by the company’s normal business operations.

USD 2.9B 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.3.2B2.4B1.6B797.3M0.0201620212025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Operating cash flow713000000
2017Operating cash flow1346000000
2018Operating cash flow1790000000
2019Operating cash flow1795000000
2020Operating cash flow2126000000
2021Operating cash flow2213000000
2022Operating cash flow1912000000
2023Operating cash flow2353000000
2024Operating cash flow2953000000
2025Operating cash flow2904000000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 2.3B 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.2.5B1.9B1.2B620.5M0.0201620212025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Free cash flow497000000
2017Free cash flow1122000000
2018Free cash flow1452000000
2019Free cash flow1335000000
2020Free cash flow1673000000
2021Free cash flow1736000000
2022Free cash flow1326000000
2023Free cash flow1621000000
2024Free cash flow2298000000
2025Free cash flow2283000000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

78% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.87%65%43%22%0%201620212025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2016Liabilities / assets80.4%
2017Liabilities / assets79.2%
2018Liabilities / assets79.6%
2019Liabilities / assets76.8%
2020Liabilities / assets72.3%
2021Liabilities / assets67.3%
2022Liabilities / assets70.6%
2023Liabilities / assets65%
2024Liabilities / assets66.7%
2025Liabilities / assets78%

Current assets to current liabilities

Current assets divided by current liabilities.

3.12× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.4.16×3.12×2.08×1.04×0.00×201620212025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2016Current assets / current liabilities3.03×
2017Current assets / current liabilities3.85×
2018Current assets / current liabilities3.6×
2019Current assets / current liabilities2.63×
2020Current assets / current liabilities3.05×
2021Current assets / current liabilities3.86×
2022Current assets / current liabilities2.37×
2023Current assets / current liabilities3.36×
2024Current assets / current liabilities1.75×
2025Current assets / current liabilities3.12×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2016 2016-01-01 – 2016-12-31
USD 821 million
Exact value

Exact value: 821000000 USD

2016-01-01 – 2016-12-31: 821000000 USD Inspect Net Income Open source
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USD 713 million
Exact value

Exact value: 713000000 USD

2016-01-01 – 2016-12-31: 713000000 USD Inspect Operating Cash Flow Open source
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USD 216 million
Exact value

Exact value: 216000000 USD

2016-01-01 – 2016-12-31: 216000000 USD Inspect Capital Expenditure Open source
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USD 497 million
Calculation and evidence

713000000 − 216000000 USD

Exact free cash flow: 497000000 USD

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2017 2017-01-01 – 2017-12-31
USD 864 million
Exact value

Exact value: 864000000 USD

2017-01-01 – 2017-12-31: 864000000 USD Inspect Net Income Open source
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USD 1.35 billion
Exact value

Exact value: 1346000000 USD

2017-01-01 – 2017-12-31: 1346000000 USD Inspect Operating Cash Flow Open source
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USD 224 million
Exact value

Exact value: 224000000 USD

2017-01-01 – 2017-12-31: 224000000 USD Inspect Capital Expenditure Open source
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USD 1.12 billion
Calculation and evidence

1346000000 − 224000000 USD

Exact free cash flow: 1122000000 USD

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2018 2018-01-01 – 2018-12-31
USD 1.43 billion
Exact value

Exact value: 1428000000 USD

2018-01-01 – 2018-12-31: 1428000000 USD Inspect Net Income Open source
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USD 1.79 billion
Exact value

Exact value: 1790000000 USD

2018-01-01 – 2018-12-31: 1790000000 USD Inspect Operating Cash Flow Open source
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USD 338 million
Exact value

Exact value: 338000000 USD

2018-01-01 – 2018-12-31: 338000000 USD Inspect Capital Expenditure Open source
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USD 1.45 billion
Calculation and evidence

1790000000 − 338000000 USD

Exact free cash flow: 1452000000 USD

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2019 2019-01-01 – 2019-12-31
USD 1.5 billion
Exact value

Exact value: 1500000000 USD

2019-01-01 – 2019-12-31: 1500000000 USD Inspect Net Income Open source
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USD 1.8 billion
Exact value

Exact value: 1795000000 USD

2019-01-01 – 2019-12-31: 1795000000 USD Inspect Operating Cash Flow Open source
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USD 460 million
Exact value

Exact value: 460000000 USD

2019-01-01 – 2019-12-31: 460000000 USD Inspect Capital Expenditure Open source
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USD 1.34 billion
Calculation and evidence

1795000000 − 460000000 USD

Exact free cash flow: 1335000000 USD

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2020 2020-01-01 – 2020-12-31
USD 1.64 billion
Exact value

Exact value: 1638000000 USD

2020-01-01 – 2020-12-31: 1638000000 USD Inspect Net Income Open source
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USD 2.13 billion
Exact value

Exact value: 2126000000 USD

2020-01-01 – 2020-12-31: 2126000000 USD Inspect Operating Cash Flow Open source
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USD 453 million
Exact value

Exact value: 453000000 USD

2020-01-01 – 2020-12-31: 453000000 USD Inspect Capital Expenditure Open source
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USD 1.67 billion
Calculation and evidence

2126000000 − 453000000 USD

Exact free cash flow: 1673000000 USD

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2021 2021-01-01 – 2021-12-31
USD 2.04 billion
Exact value

Exact value: 2037000000 USD

2021-01-01 – 2021-12-31: 2037000000 USD Inspect Net Income Open source
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USD 2.21 billion
Exact value

Exact value: 2213000000 USD

2021-01-01 – 2021-12-31: 2213000000 USD Inspect Operating Cash Flow Open source
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USD 477 million
Exact value

Exact value: 477000000 USD

2021-01-01 – 2021-12-31: 477000000 USD Inspect Capital Expenditure Open source
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USD 1.74 billion
Calculation and evidence

2213000000 − 477000000 USD

Exact free cash flow: 1736000000 USD

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2022 2022-01-01 – 2022-12-31
USD 2.11 billion
Exact value

Exact value: 2114000000 USD

2022-01-01 – 2022-12-31: 2114000000 USD Inspect Net Income Open source
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USD 1.91 billion
Exact value

Exact value: 1912000000 USD

2022-01-01 – 2022-12-31: 1912000000 USD Inspect Operating Cash Flow Open source
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USD 586 million
Exact value

Exact value: 586000000 USD

2022-01-01 – 2022-12-31: 586000000 USD Inspect Capital Expenditure Open source
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USD 1.33 billion
Calculation and evidence

1912000000 − 586000000 USD

Exact free cash flow: 1326000000 USD

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2023 2023-01-01 – 2023-12-31
USD 2.34 billion
Exact value

Exact value: 2344000000 USD

2023-01-01 – 2023-12-31: 2344000000 USD Inspect Net Income Open source
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USD 2.35 billion
Exact value

Exact value: 2353000000 USD

2023-01-01 – 2023-12-31: 2353000000 USD Inspect Operating Cash Flow Open source
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USD 732 million
Exact value

Exact value: 732000000 USD

2023-01-01 – 2023-12-31: 732000000 USD Inspect Capital Expenditure Open source
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USD 1.62 billion
Calculation and evidence

2353000000 − 732000000 USD

Exact free cash flow: 1621000000 USD

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2024 2024-01-01 – 2024-12-31
USD 2.49 billion
Exact value

Exact value: 2486000000 USD

2024-01-01 – 2024-12-31: 2486000000 USD Inspect Net Income Open source
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USD 2.95 billion
Exact value

Exact value: 2953000000 USD

2024-01-01 – 2024-12-31: 2953000000 USD Inspect Operating Cash Flow Open source
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USD 655 million
Exact value

Exact value: 655000000 USD

2024-01-01 – 2024-12-31: 655000000 USD Inspect Capital Expenditure Open source
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USD 2.3 billion
Calculation and evidence

2953000000 − 655000000 USD

Exact free cash flow: 2298000000 USD

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2025 2025-01-01 – 2025-12-31
USD 2.67 billion
Exact value

Exact value: 2673000000 USD

2025-01-01 – 2025-12-31: 2673000000 USD Inspect Net Income Open source
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USD 2.9 billion
Exact value

Exact value: 2904000000 USD

2025-01-01 – 2025-12-31: 2904000000 USD Inspect Operating Cash Flow Open source
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USD 621 million
Exact value

Exact value: 621000000 USD

2025-01-01 – 2025-12-31: 621000000 USD Inspect Capital Expenditure Open source
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USD 2.28 billion
Calculation and evidence

2904000000 − 621000000 USD

Exact free cash flow: 2283000000 USD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

72 filings · 8,000 latest values · 7,991 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001555280, 1555280, ZTS, edgar:1555280

Also known as Zoetis Inc.