ZTS

Updated: Mar 12, 2026 11:30 AM

Zoetis Inc

Market Cap: $52.33B P/S: 22x Ownership — Insider: 0.1% | Institutional: 97.7% | Retail: 2.2% HEALTHCARE DRUG MANUFACTURERS - SPECIALTY & GENERIC

Zoetis Inc. (ZTS) is a leading global animal health company dedicated to improving the health and well-being of livestock and companion animals. As the largest manufacturer of medicines and vaccines for animals, Zoetis leverages advanced research and development to offer a comprehensive range of innovative products that enhance productivity in animal agriculture and support the well-being of pets globally. Committed to sustainability and animal welfare, Zoetis is well-positioned to meet the increasing demand for premium animal health solutions in an expanding market, making it an attractive investment opportunity for institutional investors.

Revenue

Revenue, Profit & Income — explained by Jerry the Goat Farmer
Total RevenueEvery single dollar that wanders onto Jerry's farm. Cheese sales, milk money, goat yoga memberships, and that one weird guy who pays $50 to just watch the goats. Jerry doesn't ask questions.
Gross ProfitThe money left after feeding the goats but before reality sets in. Jerry feels rich for exactly 11 minutes.
Net IncomeWhat Jerry actually gets to keep after the Jerrynment, cousin Larry, the feed store, and his ex-wife's lawyer all take their cut. This number is often... humbling.
Using alias: revenuea -> totalRevenue [annual] [income]
Using alias: profita -> grossProfit [annual] [income]
Using alias: incomea -> netIncome [annual] [income]


Data Completeness:
------------------------------------------------------------
  ✅ totalRevenue                        16/16 dates (100%)
  ✅ grossProfit                         16/16 dates (100%)
  ✅ netIncome                           16/16 dates (100%)

Plot for ZTS (in B)
  reports: annualReports
  showing last 25 entries
  Legend: totalRevenue, grossProfit, netIncome

               -9.26B                    -4.63B                     0.00B                     4.63B                     9.26B
               |                         |                         |                         |                         |

  2009-12-31 |                                                    |  2.76B
  2010-12-31 |                                                     |  3.58B
  2011-12-31 |                                                     |  4.23B
  2012-12-31 |                                                     |  4.34B
  2013-12-31 |                                                     |  4.56B
  2014-12-31 |                                                     |  4.79B
  2015-12-31 |                                                     |  4.76B
  2016-12-31 |                                                     |  4.89B
  2017-12-31 |                                                     |  5.31B
  2018-12-31 |                                                     |  5.83B
  2019-12-31 |                                                     |  6.26B
  2020-12-31 |                                                     |  6.67B
  2021-12-31 |                                                     |  7.78B
  2022-12-31 |                                                     |  8.08B
  2023-12-31 |                                                     |  8.54B
  2024-12-31 |                                                     | 9.26B

               |                         |                         |                         |                         |
               -9.26B                    -4.63B                     0.00B                     4.63B                     9.26B

Costs

Operating Costs — explained by Jerry the Goat Farmer
Cost of Goods & Services SoldThe unglamorous stuff: hay, feed, vet bills for when Sergio the goat eats another iPhone. These goats don't feed themselves, and they definitely don't apologize.
Selling, General & AdministrativeThe "CHEESE HAPPENS" billboard on the highway, the accountant (cousin Larry, who definitely cheated in Monopoly as a kid), office supplies, and the therapy Jerry needs after dealing with cousin Larry.
Research & DevelopmentJerry's experimental ghost pepper goat cheese that made three customers cry. Also the goat treadmill. The goats refuse to use the goat treadmill.
Using alias: rnda -> researchAndDevelopment [annual] [income]
Using alias: sgaa -> sellingGeneralAndAdministrative [annual] [income]
Using alias: cogsa -> costofGoodsAndServicesSold [annual] [income]


Data Completeness:
------------------------------------------------------------
  ✅ researchAndDevelopment              16/16 dates (100%)
  ⚠️  sellingGeneralAndAdministrative     15/16 dates (94%)
  ✅ costofGoodsAndServicesSold          16/16 dates (100%)

Plot for ZTS (in B)
  reports: annualReports
  showing last 25 entries
  Legend: researchAndDevelopment, sellingGeneralAndAdministrative, costofGoodsAndServicesSold

               0.00B                     0.71B                     1.43B                     2.15B                     2.86B
               |                         |                         |                         |                         |

  2009-12-31 |  1.06B ⊗
  2010-12-31 |  1.79B
  2011-12-31 |  1.88B
  2012-12-31 |  1.62B
  2013-12-31 |  1.73B
  2014-12-31 |  1.78B
  2015-12-31 |  1.80B
  2016-12-31 |  1.75B
  2017-12-31 |  1.86B
  2018-12-31 |  2.03B
  2019-12-31 |  2.15B
  2020-12-31 |  2.22B
  2021-12-31 |  2.46B
  2022-12-31 |  2.60B
  2023-12-31 |  2.71B
  2024-12-31 |  2.86B

               |                         |                         |                         |                         |
               0.00B                     0.71B                     1.43B                     2.15B                     2.86B

Cash

Cash, Debt & Cash Flow — explained by Jerry the Goat Farmer
Cash & Short-Term InvestmentsThe coffee can buried behind the barn, $47 in a savings account, and some cryptocurrency Jerry bought drunk in 2021. He's afraid to check on it.
Short/Long-Term DebtThe barn loan that'll follow Jerry to the grave (long-term) and the $200 he owes the feed store guy who's starting to give him looks (short-term).
Operating Cash FlowReal cash moving in and out. Not "my customer promised to pay me" money. Actual dollars. Jerry has trust issues now.
Using alias: casha -> cashAndShortTermInvestments [annual] [balance]
Using alias: debta -> shortLongTermDebtTotal [annual] [balance]
Using alias: paychecka -> operatingCashflow [annual] [cashflow]

Field 'operatingCashflow' not found in cashflow section (for expression: operatingCashflow).
Run `scan ZTS` to see available fields.

FCF

Free Cash Flow — explained by Jerry the Goat Farmer
Operating Cash FlowReal cash moving in and out. Not "my customer promised to pay me" money. Actual dollars. Jerry has trust issues now.
Capital ExpendituresBig, expensive purchases Jerry justifies at 2am: the industrial milking machine, new fencing, and a hot tub "for the goats" that somehow only Jerry uses.
Using alias: paychecka -> operatingCashflow [annual] [cashflow]
Using alias: capexa -> capitalExpenditures [annual] [cashflow]

Field 'operatingCashflow' not found in cashflow section (for expression: operatingCashflow).
Run `scan ZTS` to see available fields.

Assets

Assets, Liabilities & Equity — explained by Jerry the Goat Farmer
🐐 Assets = Liabilities + Equity

Translation: What Jerry owns = What Jerry owes + What's actually Jerry's

Or as Jerry mutters every April during tax season:
"Everything I have equals everything I owe plus whatever scraps are left for me, a humble goat man just trying to make cheese in this cruel world."
Total AssetsEverything Jerry owns: 12 acres of land, a barn that's "rustic" (rotting), 47 goats, Sergio (appraised at $800, priceless to Jerry), the cheese cave, and a 2004 Ford F-150 held together by duct tape and prayer.
Total LiabilitiesEverything Jerry owes: bank loans, the feed store tab, back taxes, and a moral debt to his neighbor for "borrowing" that tractor in 2019. They both know he's not returning it.
Total Shareholder EquityIf Jerry sold absolutely everything, paid off every debt, and finally returned that tractor... this is what he'd have left. His actual net worth. Some days it's a retirement fund. Other days it's "enough for a bus ticket and a fresh start."
Using alias: assetsa -> totalAssets [annual] [balance]
Using alias: liabila -> totalLiabilities [annual] [balance]
Using alias: equitya -> totalShareholderEquity [annual] [balance]


Data Completeness:
------------------------------------------------------------
  ⚠️  totalAssets                         15/16 dates (94%)
  ⚠️  totalLiabilities                    15/16 dates (94%)
  ⚠️  totalShareholderEquity              15/16 dates (94%)

Plot for ZTS (in B)
  reports: annualReports
  showing last 25 entries
  Legend: totalAssets, totalLiabilities, totalShareholderEquity

               0.00B                     3.73B                     7.46B                    11.19B                    14.93B
               |                         |                         |                         |                         |

  2010-12-31 |  5.28B
  2011-12-31 |  5.71B
  2012-12-31 |  6.26B
  2013-12-31 |  6.56B
  2014-12-31 |  6.59B
  2015-12-31 |  7.91B
  2016-12-31 |  7.65B
  2017-12-31 |  8.59B
  2018-12-31 |  10.78B
  2019-12-31 |  11.54B
  2020-12-31 |  13.61B
  2021-12-31 |  13.90B
  2022-12-31 |  14.93B
  2023-12-31 |  14.29B
  2024-12-31 |  14.24B

               |                         |                         |                         |                         |
               0.00B                     3.73B                     7.46B                    11.19B                    14.93B

Buffet

Using alias: incomea -> netIncome [annual] [income]
Using alias: debta -> shortLongTermDebtTotal [annual] [balance]
Using alias: equitya -> totalShareholderEquity [annual] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ netIncome                           16/16 dates (100%)
  ⚠️  shortLongTermDebtTotal              15/16 dates (94%)
  ⚠️  totalShareholderEquity              15/16 dates (94%)

Plot for ZTS (in B)
  reports: annualReports
  showing last 25 entries
  Legend: netIncome, shortLongTermDebtTotal, totalShareholderEquity

               -8.09B                    -4.04B                     0.00B                     4.04B                     8.09B
               |                         |                         |                         |                         |

  2009-12-31 |                                                    | -0.10B ⊗⊗
  2010-12-31 |                                                     |  3.34B
  2011-12-31 |                                                     |  3.72B
  2012-12-31 |                                                     |  4.03B
  2013-12-31 |                                                     |  3.66B
  2014-12-31 |                                                     |  3.63B
  2015-12-31 |                                                     |  4.87B
  2016-12-31 |                                                     |  4.47B
  2017-12-31 |                                                     |  4.95B
  2018-12-31 |                                                     |  6.45B
  2019-12-31 |                                                     |  6.61B
  2020-12-31 |                                                     |  7.36B
  2021-12-31 |                                                     |  6.74B
  2022-12-31 |                                                     | 8.09B
  2023-12-31 |                                                     |  6.75B
  2024-12-31 |                                                     |  6.74B

               |                         |                         |                         |                         |
               -8.09B                    -4.04B                     0.00B                     4.04B                     8.09B

Revenue-q

Using alias: revenue -> totalRevenue [quarterly] [income]
Using alias: profit -> grossProfit [quarterly] [income]
Using alias: income -> netIncome [quarterly] [income]


Data Completeness:
------------------------------------------------------------
  ✅ totalRevenue                        25/25 dates (100%)
  ✅ grossProfit                         25/25 dates (100%)
  ✅ netIncome                           25/25 dates (100%)

Plot for ZTS (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: totalRevenue, grossProfit, netIncome

               0.00B                     0.61B                     1.23B                     1.84B                     2.46B
               |                         |                         |                         |                         |

  2019-09-30 |  1.58B
  2019-12-31 |  1.67B
  2020-03-31 |  1.53B
  2020-06-30 |  1.55B
  2020-09-30 |  1.79B
  2020-12-31 |  1.81B
  2021-03-31 |  1.87B
  2021-06-30 |  1.95B
  2021-09-30 |  1.99B
  2021-12-31 |  1.97B
  2022-03-31 |  1.99B
  2022-06-30 |  2.05B
  2022-09-30 |  2.00B
  2022-12-31 |  2.04B
  2023-03-31 |  2.00B
  2023-06-30 |  2.18B
  2023-09-30 |  2.15B
  2023-12-31 |  2.21B
  2024-03-31 |  2.19B
  2024-06-30 |  2.36B
  2024-09-30 |  2.39B
  2024-12-31 |  2.32B
  2025-03-31 |  2.22B
  2025-06-30 |  2.46B
  2025-09-30 |  2.40B

               |                         |                         |                         |                         |
               0.00B                     0.61B                     1.23B                     1.84B                     2.46B

Costs-q

Using alias: rnd -> researchAndDevelopment [quarterly] [income]
Using alias: sga -> sellingGeneralAndAdministrative [quarterly] [income]
Using alias: cogs -> costofGoodsAndServicesSold [quarterly] [income]


Data Completeness:
------------------------------------------------------------
  ✅ researchAndDevelopment              25/25 dates (100%)
  ✅ sellingGeneralAndAdministrative     25/25 dates (100%)
  ✅ costofGoodsAndServicesSold          25/25 dates (100%)

Plot for ZTS (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: researchAndDevelopment, sellingGeneralAndAdministrative, costofGoodsAndServicesSold

               0.00M                    191.25M                   382.50M                   573.75M                   765.00M
               |                         |                         |                         |                         |

  2019-09-30 |  517.00M
  2019-12-31 |  570.00M
  2020-03-31 |  499.00M
  2020-06-30 |  491.00M
  2020-09-30 |  586.00M
  2020-12-31 |  641.00M
  2021-03-31 |  589.00M
  2021-06-30 |  609.00M
  2021-09-30 |  626.00M
  2021-12-31 |  640.00M
  2022-03-31 |  610.00M
  2022-06-30 |  662.00M
  2022-09-30 |  644.00M
  2022-12-31 |  688.00M
  2023-03-31 |  625.00M
  2023-06-30 |  644.00M
  2023-09-30 |  676.00M
  2023-12-31 |  765.00M
  2024-03-31 |  680.00M
  2024-06-30 |  703.00M
  2024-09-30 |  736.00M
  2024-12-31 |  741.00M
  2025-03-31 |  654.00M
  2025-06-30 |  682.00M
  2025-09-30 |  683.00M

               |                         |                         |                         |                         |
               0.00M                    191.25M                   382.50M                   573.75M                   765.00M

Cash-q

Using alias: cash -> cashAndShortTermInvestments [quarterly] [balance]
Using alias: debt -> shortLongTermDebtTotal [quarterly] [balance]
Using alias: paycheck -> operatingCashflow [quarterly] [cashflow]

Field 'operatingCashflow' not found in cashflow section (for expression: operatingCashflow).
Run `scan ZTS` to see available fields.

FCF-q

Using alias: paycheck -> operatingCashflow [quarterly] [cashflow]
Using alias: capex -> capitalExpenditures [quarterly] [cashflow]

Field 'operatingCashflow' not found in cashflow section (for expression: operatingCashflow).
Run `scan ZTS` to see available fields.

Assets-q

Using alias: assets -> totalAssets [quarterly] [balance]
Using alias: liabil -> totalLiabilities [quarterly] [balance]
Using alias: equity -> totalShareholderEquity [quarterly] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ totalAssets                         25/25 dates (100%)
  ✅ totalLiabilities                    25/25 dates (100%)
  ✅ totalShareholderEquity              25/25 dates (100%)

Plot for ZTS (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: totalAssets, totalLiabilities, totalShareholderEquity

               0.00B                     3.79B                     7.58B                    11.37B                    15.16B
               |                         |                         |                         |                         |

  2019-09-30 |  11.27B
  2019-12-31 |  11.54B
  2020-03-31 |  11.53B
  2020-06-30 |  13.07B
  2020-09-30 |  13.72B
  2020-12-31 |  13.61B
  2021-03-31 |  13.80B
  2021-06-30 |  14.07B
  2021-09-30 |  13.71B
  2021-12-31 |  13.90B
  2022-03-31 |  13.86B
  2022-06-30 |  13.77B
  2022-09-30 |  13.67B
  2022-12-31 |  14.93B
  2023-03-31 |  13.75B
  2023-06-30 |  13.75B
  2023-09-30 |  14.11B
  2023-12-31 |  14.29B
  2024-03-31 |  14.35B
  2024-06-30 |  14.16B
  2024-09-30 |  14.36B
  2024-12-31 |  14.24B
  2025-03-31 |  14.10B
  2025-06-30 |  14.48B
  2025-09-30 |  15.16B

               |                         |                         |                         |                         |
               0.00B                     3.79B                     7.58B                    11.37B                    15.16B

Buffet-q

Using alias: income -> netIncome [quarterly] [income]
Using alias: debt -> shortLongTermDebtTotal [quarterly] [balance]
Using alias: equity -> totalShareholderEquity [quarterly] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ netIncome                           25/25 dates (100%)
  ✅ shortLongTermDebtTotal              25/25 dates (100%)
  ✅ totalShareholderEquity              25/25 dates (100%)

Plot for ZTS (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: netIncome, shortLongTermDebtTotal, totalShareholderEquity

               0.00B                     2.02B                     4.04B                     6.07B                     8.09B
               |                         |                         |                         |                         |

  2019-09-30 |  6.65B
  2019-12-31 |  6.61B
  2020-03-31 |  6.62B
  2020-06-30 |  7.85B
  2020-09-30 |  7.86B
  2020-12-31 |  7.36B
  2021-03-31 |  7.35B
  2021-06-30 |  7.34B
  2021-09-30 |  6.75B
  2021-12-31 |  6.74B
  2022-03-31 |  6.74B
  2022-06-30 |  6.73B
  2022-09-30 |  6.75B
  2022-12-31 |  8.09B
  2023-03-31 |  6.74B
  2023-06-30 |  6.75B
  2023-09-30 |  6.75B
  2023-12-31 |  6.75B
  2024-03-31 |  6.77B
  2024-06-30 |  6.74B
  2024-09-30 |  6.75B
  2024-12-31 |  6.74B
  2025-03-31 |  6.75B
  2025-06-30 |  6.79B
  2025-09-30 |  7.27B

               |                         |                         |                         |                         |
               0.00B                     2.02B                     4.04B                     6.07B                     8.09B

Price History

Volume

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