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.
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Zoetis Inc. (ZTS) EV/EBITDA
As of 16 October 2026, Zoetis Inc. (ZTS) trades at a EV/EBITDA of 10.4×. Over the past ten years it has ranged from 9.4× (October 2026) to 39.4× (December 2021); the current reading is higher than 4% of that period. That is below the Drug Manufacturers Specialty & Generic industry median of 12.6× and above the Healthcare sector median of 9.2×.
EV/EBITDA, daily
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Annual newest first
| Period | EV/EBITDA | Change |
|---|---|---|
| FY2025 | 15.7× | (23.16%) |
| FY2024 | 20.4× | (21.48%) |
| FY2023 | 26.0× | 18.57% |
| FY2022 | 21.9× | (41.81%) |
| FY2021 | 37.6× | 22.00% |
| FY2020 | 30.8× | 10.83% |
| FY2019 | 27.8× | 33.13% |
| FY2018 | 20.9× | 3.29% |
| FY2017 | 20.2× | 9.10% |
| FY2016 | 18.5× | (41.79%) |
Quarterly newest first
| Period | EV/EBITDA | Change |
|---|---|---|
| Jun 2026 | 9.6× | (32.91%) |
| Mar 2026 | 14.4× | (8.29%) |
| Dec 2025 | 15.7× | (11.73%) |
| Sep 2025 | 17.7× | (4.97%) |
| 42 more quarters | Free account |
Against its own ten years
EV/EBITDA against peers
| Company | EV/EBITDA |
|---|---|
| ZTS Zoetis Inc. | 10.4× |
| TAK Takeda Pharmaceutical Co. compare | 10.8× |
| VTRS Viatris Inc. compare | 12.6× |
| HLN Haleon PLC Sponsored ADR compare | 13.3× |
| UTHR United Therapeutics Corporation compare | 13.6× |
| NBIX Neurocrine Biosciences, Inc. compare | 16.7× |
| RDY Dr. Reddy's Laboratories Ltd compare | 17.0× |
| ELAN Elanco Animal Health Incorporated compare | 19.6× |
| TEVA Teva Pharmaceutical Industries Ltd. compare | 24.5× |
| Drug Manufacturers Specialty & Generic industry median | 12.6× |
| Healthcare sector median | 9.2× |
| Market median | 11.0× |
What EV/EBITDA is
Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)
More on ZTS
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement