Zoetis revenue and financials
$71.33Change from previous close: −0.11%Absolute change: −$0.08
In the fiscal year ended December 2025, Zoetis reported revenue of $9.47B (+2.28% year over year). Net income was $2.67B, a net margin of 28.2%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +2.28%
- 2025 vs 2024
- Net income growth
- +7.52%
- 2025 vs 2024
- Net margin
- 28.2%
- 2024: 26.9%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 2,904 | 2,953 | 2,353 | 1,912 | 2,213 | 2,126 | 1,795 | 1,790 | 1,346 | 713 |
| Depreciation and amortization | 487 | 497 | 491 | 465 | 448 | 441 | 412 | 308 | 242 | 240 |
| Capital expenditure | -621 | -655 | -732 | -586 | -477 | -453 | -460 | -338 | -224 | -216 |
| Investing cash flow | -748 | -315 | -777 | -883 | -458 | — | — | — | — | — |
| Financing cash flow | -1,870 | -2,660 | -3,109 | -904 | -1,862 | — | — | — | — | — |
| Dividends paid | -889 | -786 | -692 | -611 | -474 | — | — | — | — | — |
| Share repurchases | -3,235 | -1,858 | -1,092 | -1,594 | -743 | -250 | -626 | -698 | -500 | -300 |
| Debt issued | 3,848 | 0.0 | 1.0 | 1,350 | — | — | — | — | — | — |
| Debt repaid | -1,537 | -3.0 | -1,350 | 0.0 | -604 | — | — | — | — | — |
| Effect of exchange rates | 39.0 | -32.0 | -7.0 | -29.0 | -12.0 | — | — | — | — | — |
| Net change in cash | 325 | -54.0 | -1,540 | 96.0 | -119 | — | — | — | — | — |
| Free cash flow | 2,283 | 2,298 | 1,621 | 1,326 | 1,736 | — | — | — | — | — |
| Levered free cash flow | 1,791 | 2,376 | 1,276 | 1,174 | 1,457 | — | — | — | — | — |