Zoetis Inc.

ZTSNYSE

$81.76

Last price · USD

Market cap: $36.29B
P/E: 13.6x
EV / EBITDA: 10.7x
P/S: 3.8x
FCF yield: 6.3%
Div. yield: 2.45%

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

Zoetis Inc. balance sheet

Annual · USD millions except per-share data · 45 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Current assets
Cash & cash equivalents	2,312	1,985	2,039	3,577	3,482	-9.7%
Cash & short-term investments	2,312	1,985	2,039	3,577	3,482	-9.7%
Net receivables	1,590	1,316	1,304	1,215	1,133	+8.8%
Accounts receivable	1,590	1,316	1,304	1,215	1,133	+8.8%
Inventory	2,430	2,306	2,564	2,345	1,923	+6.0%
Other current assets	436	379	436	369	392	+2.7%
Total current assets	6,768	5,986	6,343	7,506	6,930	-0.6%
Non-current assets
Property, plant & equipment (net)	3,969	3,610	3,434	2,973	2,603	+11.1%
Goodwill	2,767	2,724	2,759	2,746	2,682	+0.8%
Intangible assets	998	1,127	1,338	1,380	1,474	-9.3%
Goodwill & intangible assets	3,765	3,851	4,097	4,126	4,156	-2.4%
Long-term investments	0	30	0	0	0	—
Tax assets	637	540	206	173	100	+58.9%
Other non-current assets	328	220	206	147	111	+31.1%
Total non-current assets	8,699	8,251	7,943	7,419	6,970	+5.7%
Total assets	15,467	14,237	14,286	14,925	13,900	+2.7%
Current liabilities
Accounts payable	487	433	411	405	436	+2.8%
Other payables	379	317	308	331	192	+18.5%
Total payables	866	750	719	736	628	+8.4%
Short-term debt	53	1,350	3	1,352	0	—
Tax payables	147	93	110	157	38	+40.2%
Deferred revenue	11	0	0	0	0	—
Other current liabilities	895	566	484	397	459	+18.2%
Total current liabilities	2,235	3,412	1,889	3,167	1,797	+5.6%
Non-current liabilities
Long-term debt	9,238	5,220	6,564	6,552	6,592	+8.8%
Capital lease obligations (non-current)	202	174	188	186	151	+7.5%
Deferred revenue (non-current)	17	0	0	0	0	—
Deferred tax liabilities (non-current)	139	167	146	142	320	-18.8%
Other non-current liabilities	305	494	508	475	496	-11.4%
Total non-current liabilities	9,901	6,055	7,406	7,355	7,559	+7.0%
Capital lease obligations	202	174	188	186	151	+7.5%
Total debt	9,493	6,744	6,755	8,090	6,743	+8.9%
Total liabilities	12,136	9,467	9,295	10,522	9,356	+6.7%
Stockholders' equity
Common stock	5	5	5	5	5	0.0%
Retained earnings	13,744	11,968	10,295	8,668	7,186	+17.6%
Additional paid-in capital	1,101	1,182	1,133	1,088	1,068	+0.8%
Treasury stock	(10,685)	(7,445)	(5,597)	(4,539)	(2,952)	—
Accumulated other comprehensive income (loss)	(834)	(940)	(839)	(817)	(764)	—
Total stockholders' equity	3,331	4,770	4,997	4,405	4,543	-7.5%
Total equity	3,331	4,770	4,991	4,403	4,544	-7.5%
Minority interest	0	0	(6)	(2)	1	—
Total liabilities & equity	15,467	14,237	14,286	14,925	13,900	+2.7%
Additional fields
Accrued Expenses	410	746	683	682	710	-12.8%
Net Debt	7,181	4,759	4,716	4,513	3,261	+21.8%
Total Investments	0	30	0	0	0	—

Zoetis Inc.

ZTSNYSE

$81.76

Last price · USD

Market cap: $36.29B
P/E: 13.6x
EV / EBITDA: 10.7x
P/S: 3.8x
FCF yield: 6.3%
Div. yield: 2.45%

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

Zoetis Inc. balance sheet

Annual · USD millions except per-share data · 45 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Current assets
Cash & cash equivalents	2,312	1,985	2,039	3,577	3,482	-9.7%
Cash & short-term investments	2,312	1,985	2,039	3,577	3,482	-9.7%
Net receivables	1,590	1,316	1,304	1,215	1,133	+8.8%
Accounts receivable	1,590	1,316	1,304	1,215	1,133	+8.8%
Inventory	2,430	2,306	2,564	2,345	1,923	+6.0%
Other current assets	436	379	436	369	392	+2.7%
Total current assets	6,768	5,986	6,343	7,506	6,930	-0.6%
Non-current assets
Property, plant & equipment (net)	3,969	3,610	3,434	2,973	2,603	+11.1%
Goodwill	2,767	2,724	2,759	2,746	2,682	+0.8%
Intangible assets	998	1,127	1,338	1,380	1,474	-9.3%
Goodwill & intangible assets	3,765	3,851	4,097	4,126	4,156	-2.4%
Long-term investments	0	30	0	0	0	—
Tax assets	637	540	206	173	100	+58.9%
Other non-current assets	328	220	206	147	111	+31.1%
Total non-current assets	8,699	8,251	7,943	7,419	6,970	+5.7%
Total assets	15,467	14,237	14,286	14,925	13,900	+2.7%
Current liabilities
Accounts payable	487	433	411	405	436	+2.8%
Other payables	379	317	308	331	192	+18.5%
Total payables	866	750	719	736	628	+8.4%
Short-term debt	53	1,350	3	1,352	0	—
Tax payables	147	93	110	157	38	+40.2%
Deferred revenue	11	0	0	0	0	—
Other current liabilities	895	566	484	397	459	+18.2%
Total current liabilities	2,235	3,412	1,889	3,167	1,797	+5.6%
Non-current liabilities
Long-term debt	9,238	5,220	6,564	6,552	6,592	+8.8%
Capital lease obligations (non-current)	202	174	188	186	151	+7.5%
Deferred revenue (non-current)	17	0	0	0	0	—
Deferred tax liabilities (non-current)	139	167	146	142	320	-18.8%
Other non-current liabilities	305	494	508	475	496	-11.4%
Total non-current liabilities	9,901	6,055	7,406	7,355	7,559	+7.0%
Capital lease obligations	202	174	188	186	151	+7.5%
Total debt	9,493	6,744	6,755	8,090	6,743	+8.9%
Total liabilities	12,136	9,467	9,295	10,522	9,356	+6.7%
Stockholders' equity
Common stock	5	5	5	5	5	0.0%
Retained earnings	13,744	11,968	10,295	8,668	7,186	+17.6%
Additional paid-in capital	1,101	1,182	1,133	1,088	1,068	+0.8%
Treasury stock	(10,685)	(7,445)	(5,597)	(4,539)	(2,952)	—
Accumulated other comprehensive income (loss)	(834)	(940)	(839)	(817)	(764)	—
Total stockholders' equity	3,331	4,770	4,997	4,405	4,543	-7.5%
Total equity	3,331	4,770	4,991	4,403	4,544	-7.5%
Minority interest	0	0	(6)	(2)	1	—
Total liabilities & equity	15,467	14,237	14,286	14,925	13,900	+2.7%
Additional fields
Accrued Expenses	410	746	683	682	710	-12.8%
Net Debt	7,181	4,759	4,716	4,513	3,261	+21.8%
Total Investments	0	30	0	0	0	—