Zoetis ZTS Return on invested capital

Return on invested capital at other companies

Merck & Co.MRK

10.8%-12.8pp

NeogenNEOG

-20.6%+55.5pp

Idexx LaboratoriesIDXX

61.1%+10.1pp

Phibro Animal HealthPAHC

46.7%+20.6pp

Elanco Animal Health Inc.ELAN

0.8%—

Tractor Supply CompanyTSCO

12.7%-2.6pp

FAQ

What is Zoetis's return on invested capital?

Zoetis (ZTS) reported return on invested capital of 25.8% in Q2 2026.

How has Zoetis's return on invested capital changed year-over-year?

Zoetis's return on invested capital decreased by 5.8% year-over-year, from 27.3% to 25.8%.

What is the long-term trend for Zoetis's return on invested capital?

Over 5 years (2020 to 2025), Zoetis's return on invested capital has grown at a 3.2% compound annual growth rate (CAGR), from 26.3% to 30.8%.

What does return on invested capital mean?

Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.