Saturday 17 October 2026 Export ZTS’s income statement to Excel — free account

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. In the quarter to June 2026, revenue was flat, EPS grew 2.48%, free cash flow grew 17.4% and total debt rose 37.5%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for ten; insiders bought in the last twelve months.

79.20 0.78 +0.99%

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Market cap: $32.4B
P/E: 13.0×
Fwd P/E: 12.3×
Dividend yield: 3.31%
F-score: 7/9
Altman Z: 5.73
Beneish M: −2.45
Dividend safety: 88/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

	Dec '25	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16
P/E ratio Full definition →	20.87	29.73	38.77	32.56	56.75	48.11	42.15	29.00	40.78	32.48
Piotroski F-Score Full definition →	7	8	9	4	9	7	6	6	8	7
P/S ratio Full definition →	5.89	8.00	10.61	8.52	14.89	11.79	10.11	7.09	6.63	5.43
Altman Z-Score Full definition →	5.73	7.51	8.59	6.26	9.79	6.80	6.26	4.79	5.17	4.46
Altman Z″-Score (non-manufacturers) Full definition →	6.66	6.04	6.45	5.54	5.93	5.00	4.42	4.37	4.79	4.06
P/FCF ratio Full definition →	24.44	32.20	55.92	51.89	66.60	46.46	46.67	27.40	30.34	45.26
Beneish M-Score Full definition →	(2.45)	(2.61)	(2.36)	(2.38)	(2.44)	(2.76)	(2.58)	(2.51)	(2.67)	(2.39)
P/Operating CF Full definition →	62.48	81.77	101.06	92.92	170.48	109.60	108.73	70.76	57.83	92.89
Dividend Safety Score Full definition →	88	—	—	—	—	—	—	—	—	—
P/B ratio Full definition →	16.34	15.51	18.16	15.64	25.47	20.86	23.37	18.91	19.69	17.72
Price to Tangible BV Full definition →	0.00	80.53	101.40	248.58	298.34	0.00	0.00	0.00	0.00	0.00
EV/Sales Full definition →	6.73	8.49	11.14	9.06	15.29	12.33	10.83	7.91	7.41	6.20
EV/EBITDA Full definition →	15.66	20.39	25.96	21.90	37.63	30.84	27.83	20.90	20.24	18.55
EV/Operating CF Full definition →	21.95	26.61	40.45	38.27	53.73	38.71	37.77	25.74	29.20	42.51
EV/FCF Full definition →	27.92	34.20	58.72	55.15	68.41	48.58	50.00	30.55	33.91	51.64
Quick Ratio Full definition →	1.75	0.97	1.77	1.51	2.57	2.13	1.67	2.24	2.34	1.47
Current Ratio Full definition →	3.03	1.75	3.36	2.37	3.86	3.05	2.63	3.60	3.85	3.03
Net Debt/EBITDA Full definition →	1.65	1.19	1.23	1.29	1.00	1.35	1.85	2.16	1.75	2.29
Debt/Assets Full definition →	58.46%	46.15%	45.97%	52.96%	47.72%	52.90%	55.84%	59.87%	57.69%	58.41%
Debt/Equity Full definition →	2.71	1.38	1.32	1.80	1.46	1.91	2.38	2.95	2.77	2.98
Asset Turnover Full definition →	0.64	0.65	0.59	0.56	0.57	0.53	0.56	0.60	0.65	0.63
Operating CF/Net income Full definition →	1.09	1.19	1.00	0.90	1.09	1.30	1.20	1.25	1.56	0.87
Capex/Depreciation Full definition →	(1.28)	(1.32)	(1.49)	(1.26)	(1.06)	(0.98)	(1.07)	(0.92)	(0.77)	(0.52)
Interest Coverage Full definition →	16.14	14.92	13.28	13.02	12.11	9.64	9.08	9.20	9.71	8.40
ROE Full definition →	65.99%	50.94%	49.90%	47.26%	48.98%	50.55%	61.31%	71.92%	52.60%	63.40%
ROA Full definition →	18.00%	17.43%	16.05%	14.67%	14.81%	13.02%	13.44%	14.75%	10.64%	10.55%
ROIC Full definition →	20.87%	20.94%	19.28%	19.02%	20.22%	16.93%	15.59%	15.23%	18.42%	14.65%
Return on Tangible Assets Full definition →	32.54%	41.68%	30.61%	29.81%	26.96%	24.66%	30.73%	29.54%	18.96%	22.47%
Average Days of Receivables Full definition →	61.30	51.90	55.71	54.89	53.18	55.39	63.32	64.92	68.64	68.18
Research and Development Expense of Revenue Full definition →	7.37%	7.41%	7.19%	6.67%	6.53%	6.94%	7.30%	7.42%	7.20%	7.69%
Selling, General and Administrative Expense of Revenue Full definition →	25.12%	25.04%	25.18%	24.86%	25.73%	25.86%	26.17%	25.48%	25.14%	27.91%
Intangible Assets out of Total Assets Full definition →	0.24	0.27	0.29	0.28	0.30	0.32	0.39	0.42	0.32	0.35
Share Based Compensation of Revenue Full definition →	0.88%	0.80%	0.70%	0.77%	0.75%	0.88%	1.07%	0.91%	0.83%	0.76%
Graham Net Nets Full definition →	(0.09)	(0.05)	(0.03)	(0.04)	(0.02)	(0.04)	(0.06)	(0.10)	(0.07)	(0.10)
Graham Number Full definition →	32.32	35.98	35.14	30.87	30.44	24.78	20.00	17.33	12.02	10.60
Earnings Yield Full definition →	4.79%	3.36%	2.58%	3.07%	1.76%	2.08%	2.37%	3.45%	2.45%	3.08%
Free Cash Flow Yield Full definition →	4.09%	3.11%	1.79%	1.93%	1.50%	2.15%	2.14%	3.65%	3.30%	2.21%
Revenue per Share Full definition →	21.35	20.38	18.53	17.23	16.39	14.04	13.09	12.06	10.83	9.86
Operating CF per Share Full definition →	6.55	6.50	5.10	4.08	4.67	4.47	3.75	3.71	2.75	1.44
Capex per Share Full definition →	(1.40)	(1.44)	(1.59)	(1.25)	(1.00)	(0.91)	(0.92)	(0.58)	(0.38)	(0.25)
Free Cash Flow per Share Full definition →	5.15	5.06	3.52	2.83	3.66	3.56	2.84	3.12	2.37	1.18
Cash per Share Full definition →	5.21	4.37	4.43	7.64	7.35	7.58	4.04	3.52	3.19	1.47
Shareholders Equity per Share Full definition →	7.51	10.50	10.82	9.39	9.58	7.93	5.66	4.52	3.65	3.02
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 →	7.51	10.50	10.82	9.39	9.58	7.93	5.66	4.52	3.65	3.02
Free Cash Flow Full definition →	2,283.00	2,298.00	1,621.00	1,327.00	1,738.00	1,694.00	1,356.00	1,508.00	1,159.00	587.00
Working Capital Full definition →	4,533.00	2,574.00	4,454.00	4,339.00	5,133.00	4,441.00	2,942.00	3,176.00	3,123.00	2,273.00
Capital Expenditures Full definition →	(621.00)	(655.00)	(732.00)	(585.00)	(475.00)	(432.00)	(439.00)	(282.00)	(187.00)	(126.00)
Net Current Asset Value Full definition →	(5,368.00)	(3,481.00)	(2,952.00)	(3,016.00)	(2,426.00)	(3,225.00)	(4,089.00)	(4,193.00)	(2,583.00)	(2,760.00)
EV/EBIT Full definition →	17.79	23.40	29.98	25.44	43.84	36.95	33.49	24.30	23.12	21.74
Capex to Sales Full definition →	0.07	0.07	0.09	0.07	0.06	0.06	0.07	0.05	0.04	0.03
Price to Operating Income Full definition →	16.61	23.62	30.88	25.92	46.53	39.43	35.14	24.45	23.06	21.63
Other line items
Depreciation/Fixed assets Full definition →	0.13	0.15	0.15	0.17	0.19	0.20	0.21	0.19	0.17	0.17
Cash ROIC Full definition →	15.55%	17.24%	11.92%	8.35%	11.85%	11.62%	12.23%	14.59%	13.96%	8.77%
Accounts Receivable Turnover Full definition →	6.52	7.07	6.78	6.88	7.25	6.36	5.90	5.73	5.55	5.28
Accounts Payable Turnover Full definition →	5.80	6.44	6.28	5.84	5.16	5.43	6.49	6.66	6.75	5.97
Inventory Turnover Full definition →	1.13	1.12	1.04	1.15	1.30	1.35	1.42	1.36	1.21	1.12
Average Days of Payables Full definition →	66.67	58.13	58.58	60.24	69.10	81.09	55.15	59.78	53.67	58.06
Days of Inventory on Hand Full definition →	332.69	309.56	365.43	348.79	304.77	288.88	258.36	265.68	293.44	329.07
Average Receivables Full definition →	1,453.00	1,310.00	1,259.50	1,174.00	1,073.00	1,049.50	1,061.00	1,017.00	955.50	925.00
Average Payables Full definition →	460.00	422.00	408.00	420.50	446.50	379.00	307.00	287.00	263.00	279.00
Average Inventory Full definition →	2,368.00	2,435.00	2,454.50	2,134.00	1,775.50	1,519.00	1,400.50	1,409.00	1,464.50	1,484.50
Average Assets Full definition →	14,852.00	14,261.50	14,605.50	14,412.50	13,754.50	12,577.00	11,161.00	9,681.50	8,117.50	7,781.00
Average Common Equity Full definition →	4,050.50	4,880.50	4,697.00	4,473.50	4,158.50	3,240.50	2,446.50	1,985.50	1,642.50	1,295.00

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