Skip to content
OpenCapital
Get started
Income StatementBalance SheetCash FlowSegments
Zoetis logo

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$34.1B
P/E Ratio12.91
ROE67.01%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$433M$420M$508M$410M$445M$507M
Accrued expenses$441M$291M$293M$337M$401M$239M
Accrued Manufacturing Costs$441M$291M$293M$337M$401M$239M
Other Commercial Liabilities$746M———$852M—
Contract liabilities$18M$17M$19M$18M$16M$21M
Accrued Liabilities, Current$746M———$852M—
Compensation and benefits$441M$291M$293M$337M$401M$239M
Other accrued liabilities$125M$117M$130M$99M$109M$121M
Current portion of long-term debt$0$1.4B$1.4B$0$0$750M
Dividends payable$197M$224M$222M$0$224M$224M
Finance Lease Liability, Current$1M———$1M—
Income taxes payable$93M$211M$93M$152M$145M$211M
Restructuring Reserve$28M$20M$20M$18M$25M$33M
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$18M$19M$17M$18M$17M$19M
Allowance for Doubtful Accounts Receivable (Current)$18M$19M$17M$18M$17M$19M
Cash and cash equivalents$2.1B$1.8B$1.4B$2.1B$2.5B$1.9B
Finished goods$996M$983M$1B$1.1B$1.1B$1.1B
Materials and supplies$377M$374M$371M$352M$379M$361M
Other current assets$377M$430M$509M$493M$450M$477M
Finished goods$996M$983M$1B$1.1B$1.1B$1.1B
Raw materials$377M$374M$371M$352M$379M$361M
Work in process$933M$1B$1B$1B$991M$1.1B
Inventories$2.3B$2.4B$2.4B$2.5B$2.5B$2.6B
Net Derivative Assets/(Liabilities) After Master Netting$71M$1M-$96M-$72M-$75M-$50M
Prepaid expenses and other current assets$377M$430M$509M$493M$450M$477M
Restricted cash$2M$1M$0$4M$2M$1M
Total current assets$6B$5.9B$5.9B$6.6B$6.8B$6.5B

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accumulated Goodwill Impairment Losses$536M$536M$536M$536M$536M$536M
Deferred tax assets$167M$530M$617M$587M$636M$591M
Deferred Tax Assets and Other Non-Current Assets$250M$232M$267M$293M$327M$351M
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$209M$207M$217M$216M$217M$214M
Indefinite-Lived Intangible Assets, Gross$209M$207M$217M$216M$217M$214M
Indefinite-Lived Research and Development Assets$209M$207M$217M$216M$217M$214M
Indefinite-Lived Trademarks$209M$207M$217M$216M$217M$214M
Intangible Assets Gross (Excluding Goodwill)$2.7B$2.7B$2.8B$2.8B$2.8B$2.8B
Intangible assets, net$1.1B$875M$858M$824M$781M$745M
Net Investment in Lease$219M$220M$302M$292M$289M$282M
Deferred tax assets$540M$530M$617M$587M$636M$591M
Intangible assets — net$918M$875M$858M$824M$781M$745M
Other intangible assets—net$1.1B$1.1B$1.1B$1B$998M$959M
Operating lease right-of-use assets$219M$220M$302M$292M$289M$282M
Other non-current assets$250M$232M$267M$293M$327M$351M
Operating lease right-of-use assets$219M$220M$302M$292M$289M$282M
Operating Lease Right-of-Use Assets in Other Assets$219M$220M$302M$292M$289M$282M
Other non-current assets$250M$232M$267M$293M$327M$351M
Accumulated depreciation$2.6B$2.7B$2.8B$2.9B$2.9B$3B
Property and equipment, net$3.4B$3.4B$3.5B$3.6B$3.7B$3.7B
Software and Technology Licenses, Net$250M$232M$267M$293M$327M$351M
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)-$940M-$1B-$877M-$818M-$804M-$772M
Common stock5M6B6B6B6B6B
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$536M$536M$536M$536M$536M$536M
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$5M$5M$5M$5M$5M$5M
Treasury Stock, Value$7.4B$7.9B$8.2B$8.6B$10.7B$11.3B
Noncontrolling interests$0$0$0$0$0$0
Retained earnings$12B$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$5B$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
Debt Maturity - 2027—$500M$500M$1.4B—$2B
Debt - Unamortized Discount (Premium) and Issuance Costs, Net-$54M-$52M-$51M-$64M-$93M-$89M
Finance lease liabilities$7M———$6M—
Finance Lease Liabilities (Total)$8M———$7M—
Hedged Liability - Fair Value Hedge-$26M-$21M-$18M-$17M-$15M-$16M
Long-term debt$5.2B$5.2B$5.2B$7.1B$9B$9B
Operating lease liabilities, non-current$174M$173M$210M$204M$197M$193M
Other non-current liabilities$222M$220M$274M$264M$250M$219M
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$213M$215M$219M$220M$222M$223M
Unrecognized Tax Benefits - Income Tax Penalties and Interest Accrued$38M$41M$45M$49M$52M$56M

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—$51M$53M$60M—$47M
Income taxes payable – long-term$272M$277M$265M$270M$276M$281M
Allowance for doubtful accounts$18M$19M$17M$18M$17M$19M
Commercial paper borrowings outstanding$0$0$0$0$0$0
Common stock, par value (in dollars per share)$0$0$0$0$0$0
Common stock, shares authorized (in shares)$6B$6B$6B$6B$6B$6B
Common stock, shares issued (in shares)$501.9M$501.9M$501.9M$501.9M$501.9M$501.9M
Common Stock, Shares, Outstanding$448.7M$446M$443.9M$441.5M$424.9M$420.3M
Contract with Customer, Liability$18M$17M$19M$18M$16M$21M
Long-term debt, gross$6.7B$6.7B$6.7B$7.2B$9.2B$9.2B
Debt Instrument, Unamortized Discount (Premium), Net-$54M-$52M-$51M-$64M-$93M-$89M
Deferred income taxes$167M$161M$156M$147M$137M$130M
Deferred Tax Assets, Net of Valuation Allowance$540M$530M$617M$587M$636M$591M
Deferred Tax Liabilities, Net$373M$369M$461M$440M$499M$461M
Initial cap price (in dollars per share)————$211.72—
Derivative, capped call, shares of common stock covered (in shares)————13.5M—
Net fair value$71M$1M-$96M-$72M-$75M-$50M
Strike price (in dollars per share)————$148.20—
Current maturities of long-term debt$1M———$1M—
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$536M$536M$536M$536M$536M$536M
Trademarks$209M$207M$217M$216M$217M$214M
Indefinite- lived intangible impairment$2.7B$2.7B$2.8B$2.8B$2.8B$2.8B
Committed Revolving Credit Facilities—$51M$53M$60M—$47M
2028—$750M$750M$750M—$1.4B
2029—$500M$500M$1.4B—$2B
2030—$0$0$0—$750M
2027—$0$0$0—$750M
Remainder of 2026—$1.4B$1.4B$0—$0
After 2029—$4.1B$4.1B$5.1B—$4.3B
Noncontrolling interests in subsidiaries$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$45$45—$45
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$746M$772M$770M$809M$841M$751M
Tax benefit included in other current assets—————$14M
Preferred Stock, Shares Authorized—$1B$1B$1B—$1B
Restructuring Reserve$28M$20M$20M$18M$25M$33M
Treasury stock, shares (in shares)$53.4M$55.9M$57.9M$60.4M$77M$81.5M
Unrecognized tax benefits$213M$215M$219M$220M$222M$223M
Penalties and interest accrued on unrecognized tax benefits$38M$41M$45M$49M$52M$56M
Remainder of Fiscal Year 2024—$1.4B$1.4B$0—$0