What is Zoetis's capex?

Zoetis (ZTS) reported capex of $110M in Q1 2026.

How has Zoetis's capex changed year-over-year?

Zoetis's capex decreased by 38.2% year-over-year, from $178M to $110M.

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 $477M to $621M.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

Zoetis ZTS CapEx

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Other financials

Income statement

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Revenue$2.3B+2.9%

Gross profit$1.6B+2.6%

Net income$601.0M-0.2%

EPS (diluted)$1.42+6.0%

Balance sheet

See full

Cash & equivalents$1.9B+8.9%

Total debt$10.0B+48.0%

Total equity$3.2B-30.5%

Total assets$15.2B+7.5%

Cash flow

See full

Operating cash flow$401.0M-22.1%

Free cash flow$291.0M-13.6%

Valuation

See full

Market cap$31.9B-54.6%

Enterprise value$39.95B-47.2%

P/E12.1×-15.1×

P/S3.4×-4.1×

Profitability

See full

Gross margin71.8%+0.8pp

Net margin27.8%+0.9pp

FCF margin23.5%0.0pp

Returns & leverage

See full

Return on equity67%+15.8pp

Debt / equity3.1×+1.6×

Current ratio3.2×+1.4×

Where this comes from

Reported directly by Zoetis in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: Zoetis’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Zoetis's capex?: Zoetis (ZTS) reported capex of $110M in Q1 2026.
How has Zoetis's capex changed year-over-year?: Zoetis's capex decreased by 38.2% year-over-year, from $178M to $110M.
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 $477M to $621M.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.