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Friday 6 November 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.

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

Quarter to June 2026, against a year earlier

80.00 2.11 −2.57%
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
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Zoetis Inc. (ZTS) Debt to equity

Alert me on Debt to equity

Zoetis Inc.'s debt to equity at the end of the quarter to 30 June 2026 was 2.9×, up 0.2× from fiscal 2025 (2.7×). Over the past ten years it has ranged from 1.3× (fiscal 2023) to 4.5× (fiscal 2015); the current reading is higher than 64% of that period. That is above the Drug Manufacturers Specialty & Generic industry median of 0.0× and above the Healthcare sector median of 0.0×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 2.7× 97.07%
FY2024 1.4× 4.68%
FY2023 1.3× (26.70%)
FY2022 1.8× 22.98%
FY2021 1.5× (23.50%)
FY2020 1.9× (19.86%)
FY2019 2.4× (19.38%)
FY2018 3.0× 6.48%
FY2017 2.8× (6.96%)
FY2016 3.0× (33.20%)

Quarterly newest first

Period Debt to equity Change
Jun 2026 2.9× 2.73%
Mar 2026 2.8× 5.67%
Dec 2025 2.6× 102.18%
Sep 2025 1.3× (0.96%)
42 more quarters

Against its own ten years

Low 1.3× High 4.5×
Ten-year median 2.4×
Current reading's percentile 64

Debt to equity against peers

Company Debt to equity
NBIX Neurocrine Biosciences, Inc. compare 0.0×
UTHR United Therapeutics Corporation compare 0.0×
VTRS Viatris Inc. compare 0.1×
RDY Dr. Reddy's Laboratories Ltd compare 0.2×
HLN Haleon PLC Sponsored ADR compare 0.5×
ELAN Elanco Animal Health Incorporated compare 0.6×
TAK Takeda Pharmaceutical Co. compare 0.6×
TEVA Teva Pharmaceutical Industries Ltd. compare 2.1×
ZTS Zoetis Inc. 2.9×
Drug Manufacturers Specialty & Generic industry median 0.0×
Healthcare sector median 0.0×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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