ZOETIS financials
$69.83−0.67%
Close Sep 30, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.47B | $9.26B | $8.54B | $8.08B | $7.78B | $6.67B | $6.26B | $5.83B | $5.31B | $4.89B |
| Gross profit | $6.80B | $6.54B | $5.98B | $5.63B | $5.47B | $4.62B | $4.27B | $3.91B | $3.53B | $3.22B |
| Gross margin | 71.8% | 70.6% | 70.0% | 69.6% | 70.4% | 69.2% | 68.2% | 67.2% | 66.6% | 65.9% |
| Operating income | $3.55B | $3.34B | $3.02B | $2.92B | $2.76B | $2.24B | $1.97B | $1.81B | $1.71B | $1.39B |
| Net income | $2.67B | $2.49B | $2.34B | $2.11B | $2.04B | $1.64B | $1.50B | $1.43B | $864.0M | $821.0M |
| Net margin | 28.2% | 26.9% | 27.4% | 26.2% | 26.2% | 24.5% | 24.0% | 24.5% | 16.3% | 16.8% |
| Diluted EPS | $6.02 | $5.47 | $5.07 | $4.49 | $4.27 | $3.42 | $3.11 | $2.93 | $1.75 | $1.65 |
| EBITDA | $4.08B | $3.89B | $3.56B | $3.54B | $3.25B | $2.71B | $2.43B | $2.19B | $1.97B | $1.64B |
| Operating cash flow | $2.90B | $2.95B | $2.35B | $1.91B | $2.21B | $2.13B | $1.79B | $1.79B | $1.35B | $713.0M |
| Free cash flow | $2.28B | $2.30B | $1.62B | $1.33B | $1.74B | $1.67B | $1.33B | $1.45B | $1.12B | $497.0M |
| Diluted shares | 443.8M | 454.8M | 462.3M | 470.4M | 476.7M | 478.6M | 481.8M | 486.9M | 493.2M | 498.2M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $2.45B | $1.99B | $2.04B | $3.58B | $3.48B | $3.60B |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $9.04B | $6.57B | $6.57B | $7.90B | $6.59B | $7.20B |
| Total assets | $15.49B | $14.24B | $14.29B | $14.93B | $13.90B | $13.61B |
| Total liabilities | $12.07B | $9.47B | $9.29B | $10.52B | $9.36B | $9.84B |
| Shareholders' equity | $3.42B | $4.77B | $4.99B | $4.40B | $4.54B | $3.77B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology