Income StatementBalance SheetCash FlowSegments
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Zoetis Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Zoetis holds $15.2B in total assets. Shareholders' equity is $3.2B against $10.0B in total debt. Cash and equivalents total $1.9B. The current ratio is 3.15 and debt-to-equity is 3.09. Based on the Q1 2026 filing.

Total Assets$15.2BTotal Stockholders Equity$3.2BLong Term Debt$9.0BCash And Equivalents$1.9BTotal Current Assets$6.5BTotal Current Liabilities$2.1B
Latest FilingQ1 2026
Report Date2026-05-07
Market Cap$31.6B
P/E Ratio11.84
ROE67.75%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$433.0M$420.0M$508.0M$410.0M$445.0M$507.0M
Accrued expenses$441.0M$291.0M$293.0M$337.0M$410.0M$239.0M
Accrued Manufacturing Costs$441.0M$291.0M$293.0M$337.0M$401.0M$239.0M
Other Commercial Liabilities$746.0M———$852.0M—
Contract liabilities$18.0M$17.0M$19.0M$18.0M$16.0M$21.0M
Accrued Liabilities, Current$746.0M———$852.0M—
Compensation and benefits$441.0M$291.0M$293.0M$337.0M$401.0M$239.0M
Other accrued liabilities$125.0M$117.0M$130.0M$99.0M$109.0M$121.0M
Current portion of long-term debt$0.0$1.4B$1.4B$0.0$0.0$750.0M
Device Payment Plan Trade-in Liability$18.0M$17.0M$19.0M$18.0M$16.0M$21.0M
Dividends payable$197.0M$224.0M$222.0M$0.0$224.0M$224.0M
Finance Lease Liability, Current$1.0M———$1.0M—
Income taxes payable$93.0M$211.0M$93.0M$152.0M$145.0M$211.0M
Note payable to DIRECTV$125.0M$117.0M$130.0M$99.0M$107.0M$121.0M
Restructuring Reserve$28.0M$20.0M$20.0M$18.0M$25.0M$33.0M
Total current liabilities$3.4B$3.4B$3.4B$1.8B$2.2B$2.1B

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$1.3B$1.4B$1.5B$1.5B$1.4B$1.5B
Allowance for Doubtful Accounts$18.0M$19.0M$17.0M$18.0M$17.0M$19.0M
Allowance for Doubtful Accounts Receivable (Current)$18.0M$19.0M$17.0M$18.0M$17.0M$19.0M
Cash and cash equivalents$2.1B$1.8B$1.4B$2.1B$2.5B$1.9B
Finished goods$996.0M$983.0M$1.0B$1.1B$1.1B$1.1B
Materials and supplies$377.0M$374.0M$371.0M$352.0M$379.0M$361.0M
Other current assets$377.0M$430.0M$509.0M$493.0M$450.0M$477.0M
Finished goods$996.0M$983.0M$1.0B$1.1B$1.1B$1.1B
Raw materials$377.0M$374.0M$371.0M$352.0M$379.0M$361.0M
Work in process$933.0M$1.0B$1.0B$1.0B$991.0M$1.1B
Inventories$2.3B$2.4B$2.4B$2.5B$2.5B$2.6B
Net Derivative Assets/(Liabilities) After Master Netting$71.0M$1.0M-$96.0M-$72.0M-$75.0M-$50.0M
Prepaid expenses and other current assets$377.0M$430.0M$509.0M$493.0M$436.0M$477.0M
Restricted cash$2.0M$1.0M$0.0$4.0M$2.0M$1.0M
Total current assets$6.0B$5.9B$5.9B$6.6B$6.8B$6.5B

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accumulated Goodwill Impairment Losses$536.0M$536.0M$536.0M$536.0M$536.0M$536.0M
Deferred tax assets$167.0M$530.0M$617.0M$587.0M$139.0M$591.0M
Deferred Tax Assets and Other Non-Current Assets$250.0M$232.0M$267.0M$293.0M$327.0M$351.0M
Finite Lived Intangible Assets - Gross$2.5B$2.5B$2.6B$2.6B$2.6B$2.6B
Goodwill$2.7B$2.7B$2.8B$2.8B$2.8B$2.8B
Indefinite-Lived Intangible Assets$209.0M$207.0M$217.0M$216.0M$217.0M$214.0M
Indefinite-Lived Intangible Assets, Gross$209.0M$207.0M$217.0M$216.0M$217.0M$214.0M
Indefinite-Lived Research and Development Assets$209.0M$207.0M$217.0M$216.0M$217.0M$214.0M
Indefinite-Lived Trademarks$209.0M$207.0M$217.0M$216.0M$217.0M$214.0M
Intangible Assets Gross (Excluding Goodwill)$2.7B$2.7B$2.8B$2.8B$2.8B$2.8B
Intangible assets, net$1.1B$875.0M$858.0M$824.0M$998.0M$745.0M
Net Investment in Lease$219.0M$220.0M$302.0M$292.0M$289.0M$282.0M
Deferred tax assets$540.0M$530.0M$617.0M$587.0M$636.0M$591.0M
Intangible assets — net$918.0M$875.0M$858.0M$824.0M$781.0M$745.0M
Other intangible assets—net$1.1B$1.1B$1.1B$1.0B$998.0M$959.0M
Operating lease right-of-use assets$219.0M$220.0M$302.0M$292.0M$289.0M$282.0M
Other non-current assets$250.0M$232.0M$267.0M$293.0M$327.0M$351.0M
Operating lease right-of-use assets$219.0M$220.0M$302.0M$292.0M$288.0M$282.0M
Operating Lease Right-of-Use Assets in Other Assets$219.0M$220.0M$302.0M$292.0M$289.0M$282.0M
Other non-current assets$250.0M$232.0M$267.0M$293.0M$328.0M$351.0M
Accumulated depreciation$2.6B$2.7B$2.8B$2.9B$2.9B$3.0B
Property and equipment, net$3.4B$3.4B$3.5B$3.6B$3.7B$3.7B
Software and Technology Licenses, Net$250.0M$232.0M$267.0M$293.0M$327.0M$351.0M
Total assets$14.2B$14.1B$14.5B$15.2B$15.5B$15.2B

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Additional paid-in capital$1.2B$1.2B$1.2B$1.2B$1.1B$1.1B
Accumulated other comprehensive income (loss)-$940.0M-$1.0B-$877.0M-$818.0M-$804.0M-$772.0M
Common stock6B6B6B6B5M6B
Common Stock Par Value Per Share$0.01$0.01$0.01$0.01$0.01$0.01
Common Stock Shares Issued501.9M501.9M501.9M501.9M501.9M501.9M
Convertible Preferred Stock Authorized Shares—1B1B1B—1B
Cumulative Gross Losses and Impairments$536.0M$536.0M$536.0M$536.0M$536.0M$536.0M
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively$5.0M$5.0M$5.0M$5.0M$5.0M$5.0M
Treasury Stock, Value$7.4B$7.9B$8.2B$8.6B$10.7B$11.3B
Noncontrolling interests$0.0$0.0$0.0$0.0$0.0$0.0
Retained earnings$12.0B$12.4B$12.9B$13.6B$13.8B$14.2B
Total liabilities and stockholders' equity$14.2B$14.1B$14.5B$15.2B$15.5B$15.2B
Total stockholders' equity$4.8B$4.7B$5.0B$5.4B$3.4B$3.2B
Treasury stock$7.4B$7.9B$8.2B$8.6B$10.7B$11.3B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Debt Maturity - 2024—$1.4B$1.4B$0.0—$0.0
Debt Maturity - 2027—$500.0M$500.0M$1.4B—$2.0B
Debt - Unamortized Discount (Premium) and Issuance Costs, Net-$54.0M-$52.0M-$51.0M-$64.0M-$93.0M-$89.0M
Finance lease liabilities$7.0M———$6.0M—
Finance Lease Liabilities (Total)$8.0M———$7.0M—
Hedged Liability - Fair Value Hedge-$26.0M-$21.0M-$18.0M-$17.0M-$15.0M-$16.0M
Long-term debt$5.2B$5.2B$5.2B$7.1B$9.0B$9.0B
Operating lease liabilities, non-current$174.0M$173.0M$210.0M$204.0M$197.0M$193.0M
Other non-current liabilities$222.0M$220.0M$274.0M$264.0M$250.0M$219.0M
Total Carrying Value of Debt$6.7B$6.7B$6.7B$7.2B$9.2B$9.2B
Total liabilities$9.5B$9.4B$9.5B$9.8B$12.1B$11.9B
Unrecognized Tax Benefits$213.0M$215.0M$219.0M$220.0M$222.0M$223.0M
Unrecognized Tax Benefits - Income Tax Penalties and Interest Accrued$38.0M$41.0M$45.0M$49.0M$52.0M$56.0M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Number of Countries of Operation—4500.0%4500.0%4500.0%—4500.0%
Line of Credit Maximum Borrowing Capacity—$51.0M$53.0M$60.0M—$47.0M
Income taxes payable – long-term$272.0M$277.0M$265.0M$270.0M$276.0M$281.0M
Allowance for doubtful accounts$18.0M$19.0M$17.0M$18.0M$17.0M$19.0M
Commercial paper borrowings outstanding$0.0$0.0$0.0$0.0$0.0$0.0
Common stock, par value (in dollars per share)$0.0$0.0$0.0$0.0$0.0$0.0
Common stock, shares authorized (in shares)$6.0B$6.0B$6.0B$6.0B$6.0B$6.0B
Common stock, shares issued (in shares)$501.9M$501.9M$501.9M$501.9M$501.9M$501.9M
Common Stock, Shares, Outstanding$448.7M$446.0M$443.9M$441.5M$424.9M$420.3M
Contract with Customer, Liability$18.0M$17.0M$19.0M$18.0M$16.0M$21.0M
Long-term debt, gross$6.7B$6.7B$6.7B$7.2B$9.2B$9.2B
Debt Instrument, Unamortized Discount (Premium), Net-$54.0M-$52.0M-$51.0M-$64.0M-$93.0M-$89.0M
Deferred income taxes$167.0M$161.0M$156.0M$147.0M$137.0M$130.0M
Loss on net investment hedges - OCI————$42.0M—
Deferred Tax Assets, Net of Valuation Allowance$540.0M$530.0M$617.0M$587.0M$636.0M$591.0M
Deferred Tax Liabilities, Net$373.0M$369.0M$461.0M$440.0M$499.0M$461.0M
Initial cap price (in dollars per share)————$211.72—
Derivative, capped call, shares of common stock covered (in shares)————13.5M—
Net fair value$71.0M$1.0M-$96.0M-$72.0M-$75.0M-$50.0M
Strike price (in dollars per share)————$148.20—
Current maturities of long-term debt$1.0M———$1.0M—
Finite-Lived Intangible Assets, Accumulated Amortization$1.6B$1.7B$1.7B$1.8B$1.8B$1.9B
Gross Carrying Amount$2.5B$2.5B$2.6B$2.6B$2.6B$2.6B
Goodwill, Gross$3.3B$3.3B$3.3B$3.3B$3.3B$3.3B
Goodwill accumulated impairment losses$536.0M$536.0M$536.0M$536.0M$536.0M$536.0M
Cumulative amount of fair value hedging adjustment-$26.0M-$21.0M-$18.0M-$17.0M-$15.0M-$16.0M
Trademarks$209.0M$207.0M$217.0M$216.0M$217.0M$214.0M
Indefinite- lived intangible impairment$2.7B$2.7B$2.8B$2.8B$2.8B$2.8B
Committed Revolving Credit Facilities—$51.0M$53.0M$60.0M—$47.0M
2028—$750.0M$750.0M$750.0M—$1.4B
2029—$500.0M$500.0M$1.4B—$2.0B
2030—$0.0$0.0$0.0—$750.0M
2027—$0.0$0.0$0.0—$750.0M
Remainder of 2026—$1.4B$1.4B$0.0—$0.0
After 2029—$4.1B$4.1B$5.1B—$4.3B
Noncontrolling interests in subsidiaries$0.0$0.0$0.0$0.0$0.0$0.0
Number of core animal species—8.008.008.00—8.00
Number of countries in which Visa operates (more than)—$45.0$45.0$45.0—$45.0
Number of major product categories—7.007.007.00—7.00
Number of major product lines—300.00300.00300.00—300.00
Number of regional segments—2.002.002.00—2.00
Other accrued liabilities$746.0M$772.0M$770.0M$809.0M$841.0M$751.0M
Tax benefit included in other current assets—————$14.0M
Preferred Stock, Shares Authorized—$1.0B$1.0B$1.0B—$1.0B
Restructuring Reserve$28.0M$20.0M$20.0M$18.0M$25.0M$33.0M
Treasury stock, shares (in shares)$53.4M$55.9M$57.9M$60.4M$77.0M$81.5M
Unrecognized tax benefits$213.0M$215.0M$219.0M$220.0M$222.0M$223.0M
Penalties and interest accrued on unrecognized tax benefits$38.0M$41.0M$45.0M$49.0M$52.0M$56.0M
Remainder of Fiscal Year 2024—$1.4B$1.4B$0.0—$0.0