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) Price to free cash flow
As of 16 October 2026, Zoetis Inc. (ZTS) trades at a price to free cash flow of 14.2×. Over the past ten years it has ranged from 12.4× (October 2026) to 69.1× (August 2023); the current reading is higher than 3% of that period. That is below the Drug Manufacturers Specialty & Generic industry median of 16.1× and below the Healthcare sector median of 20.2×.
Price to free cash flow, daily
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Annual newest first
| Period | Price to free cash flow | Change |
|---|---|---|
| FY2025 | 24.4× | (24.11%) |
| FY2024 | 32.2× | (42.42%) |
| FY2023 | 55.9× | 7.78% |
| FY2022 | 51.9× | (22.09%) |
| FY2021 | 66.6× | 43.37% |
| FY2020 | 46.5× | (0.45%) |
| FY2019 | 46.7× | 70.31% |
| FY2018 | 27.4× | (9.68%) |
| FY2017 | 30.3× | (32.96%) |
| FY2016 | 45.3× | (16.47%) |
Quarterly newest first
| Period | Price to free cash flow | Change |
|---|---|---|
| Jun 2026 | 12.9× | (41.93%) |
| Mar 2026 | 22.2× | (9.14%) |
| Dec 2025 | 24.4× | (15.53%) |
| Sep 2025 | 28.9× | (5.47%) |
| 42 more quarters | Free account |
Against its own ten years
Price to free cash flow against peers
| Company | Price to free cash flow |
|---|---|
| TAK Takeda Pharmaceutical Co. compare | 8.4× |
| HLN Haleon PLC Sponsored ADR compare | 10.2× |
| VTRS Viatris Inc. compare | 11.5× |
| ZTS Zoetis Inc. | 14.2× |
| NBIX Neurocrine Biosciences, Inc. compare | 15.7× |
| UTHR United Therapeutics Corporation compare | 20.9× |
| ELAN Elanco Animal Health Incorporated compare | 33.0× |
| TEVA Teva Pharmaceutical Industries Ltd. compare | 34.5× |
| RDY Dr. Reddy's Laboratories Ltd compare | 73.5× |
| Drug Manufacturers Specialty & Generic industry median | 16.1× |
| Healthcare sector median | 20.2× |
| Market median | 14.2× |
What Price to free cash flow is
Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.
Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))
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
- EV/EBITDA
- 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