Investing
CapEx
Zoetis CapEx decreased by 31.7% to $110.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 38.2%, from $178.00M to $110.00M. Over 4 years (FY 2021 to FY 2025), CapEx shows an upward trend with a 6.8% CAGR.
Analysis
StatementCash Flow Statement
SectionInvesting
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ4 2013
Last reportedQ4 2025
How to read this metric
An increase signals growth investment or infrastructure modernization; a decrease might suggest cost-cutting or a transition to an asset-light model.
Detailed definition
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Peer comparison
Hardware-focused tech firms typically have higher CapEx relative to revenue than pure software companies due to manufacturing and supply chain needs.
Metric ID:
capital_expendituresHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $113.00M | $119.00M | $168.00M | $115.00M | $146.00M | $154.00M | $171.00M | $223.00M | $166.00M | $145.00M | $198.00M | $140.00M | $132.00M | $167.00M | $216.00M | $178.00M | $149.00M | $133.00M | $161.00M | $110.00M |
| QoQ Change | — | +5.3% | +41.2% | -31.5% | +27.0% | +5.5% | +11.0% | +30.4% | -25.6% | -12.7% | +36.6% | -29.3% | -5.7% | +26.5% | +29.3% | -17.6% | -16.3% | -10.7% | +21.1% | -31.7% |
| YoY Change | — | — | — | — | +29.2% | +29.4% | +1.8% | +93.9% | +13.7% | -5.8% | +15.8% | -37.2% | -20.5% | +15.2% | +9.1% | +27.1% | +12.9% | -20.4% | -25.5% | -38.2% |
Range$110.00M – $223.00M
CAGR-0.6%
Avg YoY Growth+6.3%
Median YoY Growth+11.0%
CapEx at Other Companies
Frequently Asked Questions
- What is Zoetis's capex?
- Zoetis (ZTS) reported capex of $110.00M in Q1 2026.
- How has Zoetis's capex changed year-over-year?
- Zoetis's capex decreased by 38.2% year-over-year, from $178.00M to $110.00M.
- What is the long-term trend for Zoetis's capex?
- Over 4 years (2021 to 2025), Zoetis's capex has grown at a 6.8% compound annual growth rate (CAGR), from $477.00M to $621.00M.
- What does capex mean?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.