Zoetis Inc.

ZTSNYSE

$81.76

Last price · USD

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

Zoetis Inc. income statement

Annual · USD millions except per-share data · 27 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Revenue & gross profit
Revenue	9,467	9,256	8,544	8,080	7,776	+5.0%
Cost of revenue	2,794	2,860	2,710	2,604	2,464	+3.2%
Gross profit	6,673	6,396	5,834	5,476	5,312	+5.9%
Operating expenses & income
Research & development	698	686	614	539	508	+8.3%
General & administrative	0	2,016	0	0	0	—
Selling & marketing	0	302	0	0	0	—
SG&A (combined)	2,378	2,318	2,151	2,009	2,001	+4.4%
Total operating expenses	3,076	3,004	2,765	2,548	2,509	+5.2%
Cost and expenses	5,870	5,864	5,475	5,152	4,973	+4.2%
Operating income	3,597	3,392	3,069	2,928	2,803	+6.4%
Non-operating & other
Interest income	93	106	105	50	6	+98.4%
Interest expense	243	242	258	237	236	+0.7%
Net interest income	(150)	(136)	(153)	(187)	(230)	—
Non-operating income (excl. interest)	15	17	(125)	35	79	-34.0%
Total other income (expenses), net	(237)	(259)	(133)	(272)	(315)	—
Profitability
Depreciation & amortization	487	497	491	465	448	+2.1%
Income before tax	3,360	3,133	2,936	2,656	2,488	+7.8%
Income tax expense	687	637	596	545	454	+10.9%
Net income from continuing operations	2,673	2,496	2,340	2,111	2,034	+7.1%
Net income	2,673	2,486	2,344	2,114	2,037	+7.0%
Bottom line net income	2,673	2,486	2,344	2,114	2,037	+7.0%
Additional fields
Ebit	3,582	3,375	3,194	2,893	2,724	+7.1%
Ebitda	4,069	3,872	3,685	3,358	3,172	+6.4%
Eps	$6.03	$5.47	$5.08	$4.51	$4.29	+8.9%
Eps Diluted	$6.02	$5.47	$5.07	$4.49	$4.27	+9.0%
Weighted Average Shs Out	443	454	461	469	474	-1.7%
Weighted Average Shs Out Dil	444	455	462	470	477	-1.8%