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Zoetis ZTS Q3 2025 earnings

Reported November 4, 2025 · Before market open

Revenue$2.4BMiss by $10.0MDiluted EPS$1.70Beat by $0.08
Revenue estimate$2.4B
EPS estimate$1.62

Next report

Aug 6, 2026 (In 3 weeks)
Revenue estimate$2.5B
EPS estimate$1.85

Financials

Q3 2025

Income statement

See full
Revenue$2.4B+0.5%
Gross profit$1.7B+1.8%
Net income$721.0M+5.7%
EPS (diluted)$1.63+8.7%

Balance sheet

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Cash & equivalents$2.1B+21.6%
Total debt$7.3B+7.7%
Total equity$5.4B+3.1%
Total assets$15.2B+5.6%

Cash flow

See full
Operating cash flow$938.0M-1.4%
CapEx$133.0M-20.4%
Free cash flow$805.0M+2.7%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$64.85B-27.1%
Enterprise value$70.04B-25.5%
P/E24.7×-11.9×
P/S6.9×-2.8×

Profitability

See full
Gross margin71.7%+1.6pp
Net margin28%+1.4pp
FCF margin23.9%-1.3pp

Returns & leverage

See full
Return on equity49.3%+2.2pp
Debt / equity1.3×+0.1×
Current ratio3.6×0.0×

Segments

By product

See full
Parasiticides$564.0M+6.4%
Vaccines$496.0M+6.0%
Dermatology$472.0M+4.2%
Anti-infectives$284.0M+3.6%
Pain and sedation$204.0M-6.8%

By segment

See full
U.S.$1.3B-1.8%
International$1.1B+3.3%

Versus estimates

Revenue

Q1 2026$2.3BMiss by $39.4MQ4 2025$2.4BBeat by $27.0M
Q3 2025$2.4BMiss by $10.0M
Q2 2025$2.5BBeat by $50.5MQ1 2025$2.2BBeat by $30.1MQ4 2024$2.3BBeat by $19.8M

Diluted EPS

Q1 2026$1.53Miss by $0.07Q4 2025$1.48Beat by $0.08
Q3 2025$1.70Beat by $0.08
Q2 2025$1.76Beat by $0.14Q1 2025$1.48Beat by $0.07Q4 2024$1.40Beat by $0.03

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Questions, answered.

When did Zoetis report Q3 2025 earnings?
Zoetis (ZTS) reported Q3 2025 earnings on November 4, 2025 before market open.
What were Zoetis's Q3 2025 revenue and EPS?
Zoetis reported revenue of $2.4B and diluted EPS of $1.70 for Q3 2025.
Did Zoetis beat estimates in Q3 2025?
Revenue missed the consensus estimate of $2.4B by $10.0M. EPS beat the consensus estimate of $1.62 by $0.08.
How did Zoetis's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 0.5% from $2.4B a year earlier and diluted EPS grew 7.6% from $1.58.
Where can I find Zoetis's Q3 2025 SEC filings?
You can read the 8-K earnings release (0001555280-25-000272) and the 10-Q periodic report (0001555280-25-000274) directly on SEC EDGAR. The filing index links above go to sec.gov.