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NYSE · Healthcare

Zoetis Inc. (ZTS)

As-reported financials and SEC filings for Zoetis Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. 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%
net income / fiscal-year-end equity
P/E
12.0×
trailing when available, otherwise FY EPS
Market cap
$30.11B
Long-term debt / equity
2.65×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and 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 Q2 FY2026: revenue $2.5B, down 0.2% from Q2 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 198 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 167
P/E12.0×
29th percentile of 60
Long-term debt / equity2.65×
92nd percentile of 64
Short interest4.13d
30th percentile of 197

Zoetis’s return on equity of 78.3% ranks in the 99th percentile of the 167 pharmaceutical companies reporting it. Zoetis’s long-term debt to equity of 2.65 ranks in the 92nd percentile of the 64 pharmaceutical companies reporting it.

No reported insider transactions (codes P/S) in the last 90 days. For context, about 14% of companies in the universe saw any reported insider purchase (code P) 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 6 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
6
+6 quant / multi-strat
Initiated / added
10
2 new, 8 added
Reduced / exited
3
2 trimmed, 1 exited
Combined position
$850.4M
reported long value
InvestorAs ofPosition valueSharesChange
Citadel AdvisorsquantQ2 2026$229.1M3.2MAdded
Ruane Cunniff (Sequoia)Q2 2026$169.1M2.4MReduced
Millennium ManagementquantQ2 2026$130.3M1.8MAdded
Renaissance TechnologiesquantQ2 2026$100.8M1.4MAdded
AQR Capital ManagementquantQ2 2026$77.0M1.1MAdded
D. E. ShawquantQ2 2026$38.6M537.5KAdded
Gotham Asset ManagementQ2 2026$38.2M531.4KAdded
Two Sigma InvestmentsquantQ2 2026$27.8M386.4KAdded
Polen Capital ManagementQ2 2026$23.0M320.4KReduced
Bridgewater AssociatesQ2 2026$9.6M134.2KAdded
Markel GroupQ2 2026$4.8M66.2KNew
Soros Fund ManagementQ2 2026$2.0M27.8KNew

No longer held by: Wedgewood Partners (as of Q2 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.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
0
Reported activity
Quiet
by $ value, 90d
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
19.4M
settled 2026-08-31
Change vs prior
+15.8%
vs previous settlement
Days to cover
4.13
at avg daily volume
Avg daily volume
4.7M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-3119.4M+15.8%4.13
2026-08-1416.8M-21.4%1.95
2026-07-3121.4M+13.6%3.86
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

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 details: where the numbers come from.

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 details: where the numbers come from.

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 details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$2.47B-0.2%$691.0M$1.65
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$2.47B4.8%$726.0M$1.63
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

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

Company facts

ExchangeNYSE
SectorHealthcare
SIC industryPharmaceutical Preparations
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2020
SEC CIK1555280

Selected SEC filings

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

Largest pharmaceutical peers

All pharmaceutical stocksAll Healthcare companies →

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