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Zoetis ZTS Free cash flow yield

Free cash flow yield at other companies

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5%+0.9pp
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2.3%
Thermo Fisher Scientific logo
Thermo Fisher ScientificTMO
3.7%+0.1pp

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
FCF margin23.5%0.0pp

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 yield?
Zoetis (ZTS) reported free cash flow yield of 4.5% in Q1 2026.
How has Zoetis's free cash flow yield changed year-over-year?
Zoetis's free cash flow yield increased by 51.6% year-over-year, from 3% to 4.5%.
What is the long-term trend for Zoetis's free cash flow yield?
Over 5 years (2020 to 2025), Zoetis's free cash flow yield has grown at a 14.0% compound annual growth rate (CAGR), from 2.1% to 4.1%.
What does free cash flow yield mean?
The spendable cash the business throws off each year as a percentage of its market price.
How do you interpret free cash flow yield?
Higher yield can mean better value — you pay less for each dollar of cash generated. A useful sanity check against earnings-based multiples, which non-cash items can distort.
How does free cash flow yield compare across companies?
Comparable across cash-generative companies; less meaningful for firms in heavy-investment phases with temporarily negative FCF.