Free cash flow
Zoetis Free cash flow decreased by 60.2% to $291.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 13.6%, from $337.00M to $291.00M. Over 4 years (FY 2021 to FY 2025), Free cash flow shows an upward trend with a 7.1% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests strong operational efficiency and the ability to self-fund future innovation or return capital to shareholders, while a decrease may indicate heavy capital expenditure cycles or declining operational profitability.
Detailed definition
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and m...
Peer comparison
High-growth semiconductor and AI infrastructure peers typically prioritize reinvestment, so free cash flow margins are often compared against R&D intensity and capital expenditure requirements of industry rivals.
free_cash_flowHistorical Data
| 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 | $368.00M | $534.00M | $511.00M | $194.00M | $190.00M | $372.00M | $570.00M | $326.00M | $17.00M | $579.00M | $699.00M | $455.00M | $370.00M | $784.00M | $689.00M | $337.00M | $409.00M | $805.00M | $732.00M | $291.00M |
| QoQ Change | — | +45.1% | -4.3% | -62.0% | -2.1% | +95.8% | +53.2% | -42.8% | -94.8% | >999% | +20.7% | -34.9% | -18.7% | +111.9% | -12.1% | -51.1% | +21.4% | +96.8% | -9.1% | -60.2% |
| YoY Change | — | — | — | — | -48.4% | -30.3% | +11.5% | +68.0% | -91.1% | +55.6% | +22.6% | +39.6% | >999% | +35.4% | -1.4% | -25.9% | +10.5% | +2.7% | +6.2% | -13.6% |
Free cash flow at Other Companies
Frequently Asked Questions
- What is Zoetis's free cash flow?
- Zoetis (ZTS) reported free cash flow of $291.00M in Q1 2026.
- How has Zoetis's free cash flow changed year-over-year?
- Zoetis's free cash flow decreased by 13.6% year-over-year, from $337.00M to $291.00M.
- What is the long-term trend for Zoetis's free cash flow?
- Over 4 years (2021 to 2025), Zoetis's free cash flow has grown at a 7.1% compound annual growth rate (CAGR), from $1.74B to $2.28B.
- What does free cash flow mean?
- The cash a company has left over after paying for its operating expenses and capital investments.