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Zoetis ZTS U.S. — Cost of Sales

Other segment segments

International
$334M+13.2%

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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$31.9B-54.6%
Enterprise value$39.95B-47.2%
P/E12.1×-15.1×
P/S3.4×-4.1×

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

Reported directly by Zoetis in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

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 U.S. — cost of sales?
Zoetis (ZTS) reported U.S. — cost of sales of $194M in Q1 2026.
How has Zoetis's U.S. — cost of sales changed year-over-year?
Zoetis's U.S. — cost of sales decreased by 2.5% year-over-year, from $199M to $194M.
What is the long-term trend for Zoetis's U.S. — cost of sales?
Over 4 years (2021 to 2025), Zoetis's U.S. — cost of sales has grown at a 1.7% compound annual growth rate (CAGR), from $788M to $842M.
What does U.S. — cost of sales mean?
This represents the direct costs attributable to the production and distribution of goods sold within the United States segment. It includes raw materials, manufacturing labor, and logistics expenses required to bring animal health products to market.