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Zoetis ZTS Free cash flow margin

Free cash flow margin at other companies

Merck & Co. logo
Merck & Co.MRK
21.5%-5.2pp
Idexx Laboratories logo
Idexx LaboratoriesIDXX
24.4%+2.8pp
Elanco Animal Health Inc. logo
Elanco Animal Health Inc.ELAN
6.4%-1.4pp
Revvity logo
RevvityRVTY
17%-1.9pp
Tractor Supply Company logo
Tractor Supply CompanyTSCO
3.5%
Thermo Fisher Scientific logo
Thermo Fisher ScientificTMO
15.7%-2.1pp

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

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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

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Operating cash flow$401.0M-22.1%
CapEx$110.0M-38.2%
Free cash flow$291.0M-13.6%

Valuation

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Market cap$33B-32.3%
Enterprise value$41.04B-26.4%
P/E12.5×-7.1×
P/S3.5×-1.8×

Profitability

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Gross margin71.8%+0.8pp
Net margin27.8%+0.9pp

Returns & leverage

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Return on equity67%+15.8pp
Debt / equity3.1×+1.6×
Current ratio3.2×+1.4×

Where this comes from

Calculated from Zoetis’s reported figures.

Based on trailing twelve months.

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 free cash flow margin?
Zoetis (ZTS) reported free cash flow margin of 23.5% in Q1 2026.
How has Zoetis's free cash flow margin changed year-over-year?
Zoetis's free cash flow margin decreased by 0.0% year-over-year, from 23.5% to 23.5%.
What is the long-term trend for Zoetis's free cash flow margin?
Over 5 years (2020 to 2025), Zoetis's free cash flow margin has grown at a -0.7% compound annual growth rate (CAGR), from 25.1% to 24.2%.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.