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Zoetis Inc. (ZTS)

As-reported financials and recent SEC filings for Zoetis Inc., latest fiscal period FY2025. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Zoetis Inc.

Zoetis Inc. develops, manufactures, and sells animal health products including medicines, vaccines, diagnostic products, biodevices, genetic tests, and precision animal health solutions. The company serves both companion animals such as dogs, cats, and horses, and livestock including cattle, swine, poultry, fish, and sheep. Zoetis operates primarily in the United States and international markets, offering products across categories like parasiticides, vaccines, dermatology, anti-infectives, pain and sedation, and animal health diagnostics.

Snapshot

Revenue
$9.47B
Revenue growth (YoY)
2.3%
Net income
$2.67B
Diluted EPS
$6.02
Gross margin
71.8%
Operating margin
Net margin
28.2%
FCF margin
24.1%
ROE
78.3%
P/E (TTM)
12.6×
Market cap
Debt / equity
2.6×

Fundamentals are from SEC filings. P/E and market cap are derived from recent market prices, refreshed on a rolling basis (typically within the past week).

What changed at Zoetis

  • Revenue grew 2.3% to $9.5B in FY2025, slower than the 8.3% the year before.
  • Most recent quarter Q1 FY2026: revenue $2.3B, up 2.9% from Q1 FY2025.
  • Free cash flow was $2.3B in FY2025, 24.1% of revenue.
  • Net income rose 7.5% to $2.7B in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Zoetis’s fundamentals sit among the 199 pharmaceutical companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin71.8%
60th percentile of 69
Net margin28.2%
83rd percentile of 122
FCF margin24.1%
83rd percentile of 110
Revenue growth (YoY)+2.3%
37th percentile of 187
ROE78.3%
99th percentile of 168
P/E (TTM)12.6×
37th percentile of 61
Debt / equity2.65×
92nd percentile of 65
Short interest3.42d
23rd percentile of 198

Zoetis’s return on equity of 78.3% ranks in the 99th percentile of the 168 pharmaceutical companies reporting it. Zoetis’s debt to equity of 2.65 ranks in the 92nd percentile of the 65 pharmaceutical companies reporting it.

3 open-market insider buys totaling $886,367 in the last 90 days. For context, about 16% of companies in the universe saw any open-market insider buying in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 5 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F (latest Q1 2026).

Conviction investors
5
+6 quant / multi-strat
Initiated / added
6
1 new, 5 added
Reduced / exited
6
5 trimmed, 1 exited
Combined position
$1.21B
reported long value
InvestorAs ofPosition valueSharesChange
Polen Capital ManagementQ1 2026$499.2M4.2MReduced
Ruane Cunniff (Sequoia)Q1 2026$286.7M2.4MNew
Millennium ManagementquantQ1 2026$195.0M1.6MAdded
AQR Capital ManagementquantQ1 2026$70.9M608.0KReduced
Citadel AdvisorsquantQ1 2026$59.2M501.0KAdded
Renaissance TechnologiesquantQ1 2026$29.8M252.0KReduced
Gotham Asset ManagementQ1 2026$25.1M212.6KAdded
Two Sigma InvestmentsquantQ1 2026$16.8M142.3KAdded
Wedgewood PartnersQ1 2026$13.4M113.5KAdded
D. E. ShawquantQ1 2026$8.9M75.1KReduced
Bridgewater AssociatesQ1 2026$6.0M50.7KReduced

No longer held by: Soros Fund Management (as of Q1 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4. Multiple insiders have bought recently (a cluster buy).

Buys (90d)
3
3 insiders
Bought (90d)
$886K
open-market value
Sells (90d)
0
Signal
Cluster buy
≥2 insiders buying
Trade dateInsiderTypeSharesPriceValue
2026-05-13
DAMELIO FRANK ADirectorBuy6.7K$75.39$501K
2026-05-13
Bisaro PaulDirectorBuy2.0K$75.88$152K
2026-05-11
filed 2026-05-12
MCCALLISTER MICHAEL BDirectorBuy3.0K$77.76$233K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
18.8M
settled 2026-07-15
Change vs prior
+18.0%
vs previous settlement
Days to cover
3.42
at avg daily volume
Avg daily volume
5.5M
FINRA reported
SettlementShares shortChangeDays to cover
2026-07-1518.8M+18.0%3.42
2026-06-3015.9M-1.2%1.92
2026-06-1516.1M+19.7%2.44
2026-05-2913.5M+0.7%1.76
2026-05-1513.4M-9.7%1.16
2026-04-3014.8M+9.6%3.81
2026-04-1513.5M-10.7%5.32
2026-03-3115.1M-3.7%3.29

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$9.47B$9.26B$8.54B$8.08B$7.78B
Gross profit$6.80B$6.54B$5.98B$5.63B$5.47B
Operating income
Net income$2.67B$2.49B$2.34B$2.11B$2.04B
Diluted EPS$6.02$5.47$5.07$4.49$4.27

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$2.90B$2.95B$2.35B$1.91B$2.21B
Capital expenditure$621.0M$655.0M$732.0M$586.0M$477.0M
Free cash flow$2.28B$2.30B$1.62B$1.33B$1.74B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q1 FY2026$2.26B2.9%$601.0M$1.42
Q4 FY2025$2.39B3.0%$603.0M$1.37
Q3 FY2025$2.40B0.5%$721.0M$1.63
Q2 FY2025$2.46B4.2%$718.0M$1.61
Q1 FY2025$2.20B0.4%$602.0M$1.34
Q4 FY2024$2.32B4.7%$581.0M$1.29
Q3 FY2024$2.39B11.0%$682.0M$1.50
Q2 FY2024$2.36B8.3%$624.0M$1.37

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorHealthcare
SIC industryPharmaceutical Preparations
Fiscal year endDecember 31
Latest fiscal periodFY2025
SEC filings since2020
SEC CIK1555280

Recent SEC filings

10-K2026-02-12
View on EDGAR →
10-K2025-02-13
View on EDGAR →
10-Q2026-05-07
View on EDGAR →
10-Q2025-11-04
View on EDGAR →
10-Q2025-08-05
View on EDGAR →
10-Q2025-05-06
View on EDGAR →
8-K2026-05-22
View on EDGAR →
8-K2026-05-20
View on EDGAR →

Largest pharmaceutical peers

All pharmaceutical stocksAll Healthcare companies →

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Data sourced from SEC EDGAR (public domain). Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.