What is Zoetis's goodwill?

Zoetis (ZTS) reported goodwill of $2.78B in Q1 2026.

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

Zoetis's goodwill increased by 2.3% year-over-year, from $2.72B to $2.78B.

What is the long-term trend for Zoetis's goodwill?

Over 5 years (2020 to 2025), Zoetis's goodwill has grown at a 0.6% compound annual growth rate (CAGR), from $2.69B to $2.77B.

What does goodwill mean?

The excess of acquisition cost over the fair value of net identifiable assets acquired — representing brand value, customer relationships, and synergies from past M&A.

Zoetis ZTS Goodwill

Goodwill at other companies

Merck & Co.MRK

$21.58B-0.5%

NeogenNEOG

$1.05B-37.3%

Idexx LaboratoriesIDXX

$412.1M+1.1%

Phibro Animal HealthPAHC

$59.89M+9.7%

Elanco Animal Health Inc.ELAN

$4.72B+4.8%

Tractor Supply CompanyTSCO

$398.21M-0.6%

Segments

By geography

See full

United States$1.52B—

Other financials

Income statement

See full

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%

CapEx$110.0M-38.2%

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:Goodwill.

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 goodwill?: Zoetis (ZTS) reported goodwill of $2.78B in Q1 2026.
How has Zoetis's goodwill changed year-over-year?: Zoetis's goodwill increased by 2.3% year-over-year, from $2.72B to $2.78B.
What is the long-term trend for Zoetis's goodwill?: Over 5 years (2020 to 2025), Zoetis's goodwill has grown at a 0.6% compound annual growth rate (CAGR), from $2.69B to $2.77B.
What does goodwill mean?: The excess of acquisition cost over the fair value of net identifiable assets acquired — representing brand value, customer relationships, and synergies from past M&A.