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Zoetis ZTS Net margin

Net margin at other companies

Merck & Co. logo
Merck & Co.MRK
13.6%-13.7pp
Idexx Laboratories logo
Idexx LaboratoriesIDXX
24.6%+1.9pp
Elanco Animal Health Inc. logo
Elanco Animal Health Inc.ELAN
-4.9%-13.6pp
Revvity logo
RevvityRVTY
8.3%-2.1pp
Tractor Supply Company logo
Tractor Supply CompanyTSCO
12.5%+5.2pp
Thermo Fisher Scientific logo
Thermo Fisher ScientificTMO
15.2%+1.0pp

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
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 net margin?
Zoetis (ZTS) reported net margin of 27.8% in Q1 2026.
How has Zoetis's net margin changed year-over-year?
Zoetis's net margin increased by 3.5% year-over-year, from 26.9% to 27.8%.
What is the long-term trend for Zoetis's net margin?
Over 5 years (2020 to 2025), Zoetis's net margin has grown at a 2.7% compound annual growth rate (CAGR), from 24.5% to 28%.
What does net margin mean?
The share of every sales dollar that becomes bottom-line profit.
How do you interpret net margin?
Higher is better, but net margin mixes operating performance with financing and tax effects and one-off items — read it alongside operating margin to separate the operating story from the rest.
How does net margin compare across companies?
Comparable across peers but sensitive to leverage and tax structure; two operationally identical firms can show different net margins purely from financing.