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Zoetis Inc.

ZTS Healthcare Drug Manufacturers Specialty & Generic

Zoetis Inc.’s revenue for fiscal 2025 (year ended December 2025) was $9.5 billion, up 2.28% from fiscal 2024.

Revenue: −0.24%
EPS: +2.48%
Free cash flow: +17.4%
Total debt: +37.5%

Quarter to June 2026, against a year earlier

78.79 3.32 −4.04%

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Market cap: $33.9B
P/E: 13.4×
Fwd P/E: 14.2×
Dividend yield: 2.59%
F-score: 7/9
Altman Z: 5.73
Beneish M: −2.45
Dividend safety: 88/100

Overview Business Profile Earnings & Analysis Segments Valuation Filings

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
P/E ratio Full definition →	32.48	40.78	29.00	42.15	48.11	56.75	32.56	38.77	29.73	21.11
Piotroski F-Score Full definition →	7	8	6	6	7	9	4	9	8	7
P/S ratio Full definition →	5.43	6.63	7.09	10.11	11.79	14.89	8.52	10.61	8.00	5.89
Altman Z-Score Full definition →	4.46	5.17	4.79	6.26	6.80	9.79	6.26	8.59	7.51	5.73
Altman Z″-Score (non-manufacturers) Full definition →	4.06	4.79	4.37	4.42	5.00	5.93	5.54	6.45	6.04	6.66
P/FCF ratio Full definition →	45.26	30.34	27.40	46.67	46.46	66.60	51.89	55.92	32.20	24.44
Beneish M-Score Full definition →	(2.39)	(2.67)	(2.51)	(2.58)	(2.76)	(2.44)	(2.38)	(2.36)	(2.61)	(2.45)
P/Operating CF Full definition →	92.89	57.83	70.76	108.73	109.60	170.48	92.92	101.06	81.77	62.48
Dividend Safety Score Full definition →	—	—	—	—	—	—	—	—	—	88
P/B ratio Full definition →	17.72	19.69	18.91	23.37	20.86	25.47	15.64	18.16	15.51	16.34
Price to Tangible BV Full definition →	0.00	0.00	0.00	0.00	0.00	298.34	248.58	101.40	80.53	0.00
EV/Sales Full definition →	6.20	7.41	7.91	10.83	12.33	15.29	9.06	11.14	8.49	6.73
EV/EBITDA Full definition →	18.55	20.24	20.90	27.83	30.84	37.63	21.90	25.96	20.39	15.66
EV/Operating CF Full definition →	42.51	29.20	25.74	37.77	38.71	53.73	38.27	40.45	26.61	21.95
EV/FCF Full definition →	51.64	33.91	30.55	50.00	48.58	68.41	55.15	58.72	34.20	27.92
Quick Ratio Full definition →	1.47	2.34	2.24	1.67	2.13	2.57	1.51	1.77	0.97	1.75
Current Ratio Full definition →	3.03	3.85	3.60	2.63	3.05	3.86	2.37	3.36	1.75	3.03
Net Debt/EBITDA Full definition →	2.29	1.75	2.16	1.85	1.35	1.00	1.29	1.23	1.19	1.65
Debt/Assets Full definition →	58.41%	57.69%	59.87%	55.84%	52.90%	47.72%	52.96%	45.97%	46.15%	58.46%
Debt/Equity Full definition →	2.98	2.77	2.95	2.38	1.91	1.46	1.80	1.32	1.38	2.71
Asset Turnover Full definition →	0.63	0.65	0.60	0.56	0.53	0.57	0.56	0.59	0.65	0.64
Operating CF/Net income Full definition →	0.87	1.56	1.25	1.20	1.30	1.09	0.90	1.00	1.19	1.09
Capex/Depreciation Full definition →	(0.52)	(0.77)	(0.92)	(1.07)	(0.98)	(1.06)	(1.26)	(1.49)	(1.32)	(1.28)
Interest Coverage Full definition →	8.40	9.71	9.20	9.08	9.64	12.11	13.02	13.28	14.92	16.14
ROE Full definition →	63.40%	52.60%	71.92%	61.31%	50.55%	48.98%	47.26%	49.90%	50.94%	65.99%
ROA Full definition →	10.55%	10.64%	14.75%	13.44%	13.02%	14.81%	14.67%	16.05%	17.43%	18.00%
ROIC Full definition →	14.65%	18.42%	15.23%	15.59%	16.93%	20.22%	19.02%	19.28%	20.94%	20.87%
Return on Tangible Assets Full definition →	22.47%	18.96%	29.54%	30.73%	24.66%	26.96%	29.81%	30.61%	41.68%	32.54%
Average Days of Receivables Full definition →	68.18	68.64	64.92	63.32	55.39	53.18	54.89	55.71	51.90	61.30
Research and Development Expense of Revenue Full definition →	7.69%	7.20%	7.42%	7.30%	6.94%	6.53%	6.67%	7.19%	7.41%	7.37%
Selling, General and Administrative Expense of Revenue Full definition →	27.91%	25.14%	25.48%	26.17%	25.86%	25.73%	24.86%	25.18%	25.04%	25.12%
Intangible Assets out of Total Assets Full definition →	0.35	0.32	0.42	0.39	0.32	0.30	0.28	0.29	0.27	0.24
Share Based Compensation of Revenue Full definition →	0.76%	0.83%	0.91%	1.07%	0.88%	0.75%	0.77%	0.70%	0.80%	0.88%
Graham Net Nets Full definition →	(0.10)	(0.07)	(0.10)	(0.06)	(0.04)	(0.02)	(0.04)	(0.03)	(0.05)	(0.09)
Graham Number Full definition →	10.60	12.02	17.33	20.00	24.78	30.44	30.87	35.14	35.98	32.14
Earnings Yield Full definition →	3.08%	2.45%	3.45%	2.37%	2.08%	1.76%	3.07%	2.58%	3.36%	4.74%
Free Cash Flow Yield Full definition →	2.21%	3.30%	3.65%	2.14%	2.15%	1.50%	1.93%	1.79%	3.11%	4.09%
Revenue per Share Full definition →	9.86	10.83	12.06	13.09	14.04	16.39	17.23	18.53	20.38	21.35
Operating CF per Share Full definition →	1.44	2.75	3.71	3.75	4.47	4.67	4.08	5.10	6.50	6.55
Capex per Share Full definition →	(0.25)	(0.38)	(0.58)	(0.92)	(0.91)	(1.00)	(1.25)	(1.59)	(1.44)	(1.40)
Free Cash Flow per Share Full definition →	1.18	2.37	3.12	2.84	3.56	3.66	2.83	3.52	5.06	5.15
Cash per Share Full definition →	1.47	3.19	3.52	4.04	7.58	7.35	7.64	4.43	4.37	5.21
Shareholders Equity per Share Full definition →	3.02	3.65	4.52	5.66	7.93	9.58	9.39	10.82	10.50	7.51
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	3.02	3.65	4.52	5.66	7.93	9.58	9.39	10.82	10.50	7.51
Free Cash Flow Full definition →	587.00	1,159.00	1,508.00	1,356.00	1,694.00	1,738.00	1,327.00	1,621.00	2,298.00	2,283.00
Working Capital Full definition →	2,273.00	3,123.00	3,176.00	2,942.00	4,441.00	5,133.00	4,339.00	4,454.00	2,574.00	4,533.00
Capital Expenditures Full definition →	(126.00)	(187.00)	(282.00)	(439.00)	(432.00)	(475.00)	(585.00)	(732.00)	(655.00)	(621.00)
Net Current Asset Value Full definition →	(2,760.00)	(2,583.00)	(4,193.00)	(4,089.00)	(3,225.00)	(2,426.00)	(3,016.00)	(2,952.00)	(3,481.00)	(5,368.00)
EV/EBIT Full definition →	21.74	23.12	24.30	33.49	36.95	43.84	25.44	29.98	23.40	17.79
Capex to Sales Full definition →	0.03	0.04	0.05	0.07	0.06	0.06	0.07	0.09	0.07	0.07
Price to Operating Income Full definition →	21.63	23.06	24.45	35.14	39.43	46.53	25.92	30.88	23.62	16.61
Other line items
Depreciation/Fixed assets Full definition →	0.17	0.17	0.19	0.21	0.20	0.19	0.17	0.15	0.15	0.13
Cash ROIC Full definition →	8.77%	13.96%	14.59%	12.23%	11.62%	11.85%	8.35%	11.92%	17.24%	15.55%
Accounts Receivable Turnover Full definition →	5.28	5.55	5.73	5.90	6.36	7.25	6.88	6.78	7.07	6.52
Accounts Payable Turnover Full definition →	5.97	6.75	6.66	6.49	5.43	5.16	5.84	6.28	6.44	5.80
Inventory Turnover Full definition →	1.12	1.21	1.36	1.42	1.35	1.30	1.15	1.04	1.12	1.13
Average Days of Payables Full definition →	58.06	53.67	59.78	55.15	81.09	69.10	60.24	58.58	58.13	66.67
Days of Inventory on Hand Full definition →	329.07	293.44	265.68	258.36	288.88	304.77	348.79	365.43	309.56	332.69
Average Receivables Full definition →	925.00	955.50	1,017.00	1,061.00	1,049.50	1,073.00	1,174.00	1,259.50	1,310.00	1,453.00
Average Payables Full definition →	279.00	263.00	287.00	307.00	379.00	446.50	420.50	408.00	422.00	460.00
Average Inventory Full definition →	1,484.50	1,464.50	1,409.00	1,400.50	1,519.00	1,775.50	2,134.00	2,454.50	2,435.00	2,368.00
Average Assets Full definition →	7,781.00	8,117.50	9,681.50	11,161.00	12,577.00	13,754.50	14,412.50	14,605.50	14,261.50	14,852.00
Average Common Equity Full definition →	1,295.00	1,642.50	1,985.50	2,446.50	3,240.50	4,158.50	4,473.50	4,697.00	4,880.50	4,050.50

Show all line items

Columns are period end dates · fundamentals updated 25 Oct 2026

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