Zoetis ZTS Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 71.8%+0.8pp | 71.8%+1.2pp | 71.7%+1.6pp | 71.4%+1.5pp | 70.9%+0.9pp | |
| Net margin | 27.8%+0.9pp | 28%+1.1pp | 28%+1.4pp | 27.6%+1.3pp | 26.9%-0.5pp | |
| EBITDA margin | 42.3%+0.6pp | 42.7%+1.0pp | 42.7%+1.3pp | 42.5%+1.8pp | 41.8%-0.8pp | |
| Free cash flow margin | 23.5%0.0pp | 24.2%-0.7pp | 23.9%-1.3pp | 23.7%+0.1pp | 23.5%+3.5pp | |
| Returns | ||||||
| Return on equity | 67%+15.8pp | 64.6%+13.7pp | 49.3%+2.2pp | 52%+3.1pp | 51.3%+1.2pp | |
| Return on assets | 18.1%+0.6pp | 17.8%+0.4pp | 17.8%+0.7pp | 18%+1.2pp | 17.5%+0.5pp | |
| Return on invested capital | 27%-0.4pp | 30.7%+0.8pp | 26.8%+1.0pp | 27%+1.4pp | 27.5%+0.3pp | |
| Efficiency | ||||||
| Asset turnover | 0.7×0.0× | 0.6×0.0× | 0.6×0.0× | 0.7×0.0× | 0.7×0.0× | |
| Inventory turnover | 1.1×0.0× | 1.1×0.0× | 1.1×0.0× | 1.1×+0.1× | 1.1×+0.1× | |
| Liquidity | ||||||
| Current ratio | 3.2×+1.4× | 3.1×+1.4× | 3.6×0.0× | 1.8×-1.7× | 1.7×-1.6× | |
| Quick ratio | 1.9×+0.9× | 2×+0.9× | 2.3×0.0× | 1×-1.1× | 1×-0.9× | |
| Cash ratio | 0.9×+0.4× | 1.1×+0.5× | 1.2×+0.1× | 0.4×-0.4× | 0.5×-0.5× | |
| Leverage | ||||||
| Debt-to-equity | 3.1×+1.6× | 2.7×+1.6× | 1.3×+0.1× | 1.4×0.0× | 1.5×+0.1× | |
| Debt-to-assets | 0.7×+0.2× | 0.6×+0.2× | 0.5×0.0× | 0.5×0.0× | 0.5×0.0× | |
| Net debt / EBITDA | 2×+0.7× | 1.7×+0.8× | 1.3×0.0× | 1.3×-0.1× | 1.3×0.0× | |
| Interest coverage | 15.4×+0.1× | 16×+1.0× | 16.3×+2.2× | 16.3×+2.9× | 15.3×+1.5× | |
| Per Share | ||||||
| Book value per share | $7.65-26.3% | $7.69-26.6% | $12.18+5.5% | $11.17+2.6% | $10.39-5.7% | |
| Valuation | ||||||
| Market capitalization | $49.9B-32.3% | $55.45B-24.6% | $64.85B-27.1% | $70.24B-11.5% | $73.73B-4.9% | |
| Enterprise value | $57.95B-26.4% | $62.3B-18.9% | $70.04B-25.5% | $75.6B-10.6% | $78.7B-4.4% | |
| Price / earnings | 18.9×-10.7× | 21×-8.6× | 24.7×-11.9× | 27.2×-6.7× | 29.6×-2.8× | |
| Price / sales | 5.2×-2.7× | 5.9×-2.1× | 6.9×-2.8× | 7.5×-1.4× | 8×-0.9× | |
| Price / book | 15.4×-0.4× | 16.2×+0.8× | 12×-5.0× | 14.1×-1.9× | 15.8×+0.5× | |
| EV / EBITDA | 14.4×-5.9× | 15.5×-4.5× | 17.5×-7.3× | 19×-4.3× | 20.3×-1.8× | |
| EV / sales | 6.1×-2.4× | 6.6×-1.7× | 7.5×-2.8× | 8.1×-1.4× | 8.5×-0.9× | |
| Free cash flow yield | 4.5%+1.5pp | 4.1%+1.0pp | 3.5%+0.9pp | 3.2%+0.5pp | 3%+0.7pp | |
| Earnings yield | 5.3%+1.9pp | 4.8%+1.4pp | 4%+1.3pp | 3.7%+0.7pp | 3.4%+0.3pp | |
| Dividend yield | 1.8%+0.7pp | 1.6%+0.5pp | 1.3%+0.5pp | 1.2%+0.3pp | 1.1%+0.2pp | |
| PEG ratio | 3.1×-4.2× | 3.3×-1.6× | 3.1×-2.4× | 2.7×-3.1× | 7.2×+5.1× |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- Where do Zoetis's ratios come from?
- Every ratio is computed from Zoetis's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
