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Zoetis ZTS Price / sales

Price / sales at other companies

Merck & Co. logo
Merck & Co.MRK
4.5×+1.0×
Idexx Laboratories logo
Idexx LaboratoriesIDXX
10×+1.4×
Elanco Animal Health Inc. logo
Elanco Animal Health Inc.ELAN
2.4×+1.3×
Revvity logo
RevvityRVTY
3.4×-1.2×
Tractor Supply Company logo
Tractor Supply CompanyTSCO
1.5×-0.4×
Thermo Fisher Scientific logo
Thermo Fisher ScientificTMO
4.4×-0.8×

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×

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 the most recent quarter.

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 price / sales?
Zoetis (ZTS) reported price / sales of 5.2× in Q1 2026.
How has Zoetis's price / sales changed year-over-year?
Zoetis's price / sales decreased by 34.1% year-over-year, from 8× to 5.2×.
What is the long-term trend for Zoetis's price / sales?
Over 5 years (2020 to 2025), Zoetis's price / sales has grown at a -12.9% compound annual growth rate (CAGR), from 11.7× to 5.9×.
What does price / sales mean?
How many dollars investors pay for each dollar of the company's annual sales.
How do you interpret price / sales?
Useful when earnings are negative or volatile (e.g. early-stage or cyclical firms). Only comparable across companies with similar margins — a sales dollar is worth more at a high-margin business.
How does price / sales compare across companies?
Best compared within a margin cohort; a software P/S and a retailer P/S are not directly comparable.