Stocktoria

Zoetis Inc. ZTS

NYSE · stock · Pharmaceutical Preparations · website · IPO 2013-02-01 · LEI

Zoetis Inc. statistics & valuation

Market cap$33.3B
P / E12.4×
P / S3.5×
P / B9.7×
P / FCF14.6×
Net margin28.2%
Return on equity78.3%
FCF margin24.1%
Net debt$6.6B
Enterprise value USD$39.8B
Graham number -56.1%$32.28

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($32.28); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
16.80% 16.30% 24.50% 24.00% 24.50% 26.20% 26.20% 27.40% 26.90% 28.20% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
2016201720182019202020212022202320242025
Return on equity (%)
54.80% 48.40% 65.40% 55.40% 43.40% 44.80% 48.00% 46.90% 51.30% 78.30% 2016201720182019202020212022202320242025
Shares outstanding
498.2M 493.2M 486.9M 481.8M 478.6M 476.7M 470.4M 462.3M 454.8M 443.8M 2016201720182019202020212022202320242025
Net debt ($)
$3.74B $3.39B $4.84B $4.01B $2.99B $3.11B $2.97B $4.52B $3.23B $6.59B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
10.70% 10.10% 13.30% 13.00% 12.00% 14.70% 14.20% 16.40% 17.50% 17.30% 2016201720182019202020212022202320242025
Free cash flow margin (%)
10.20% 21.10% 24.90% 21.30% 25.10% 22.30% 16.40% 19.00% 24.80% 24.10% 2016201720182019202020212022202320242025
Debt / equity (×)
2.98× 2.77× 2.95× 2.20× 1.75× 1.45× 1.49× 1.31× 1.08× 2.65× 2016201720182019202020212022202320242025
EPS ($)
$1.65 $1.75 $2.93 $3.11 $3.42 $4.27 $4.49 $5.07 $5.47 $6.02 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Zoetis Inc. trades at about 12.2× earnings — below its 10-year norm (10-year range 20.7×–46.8×, median 37×).

12.2× 46.8×

Shaded band = 10-year range (20.7×–46.8×); dot = today's 12.2×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Net margin28.2%26.9%27.4%26.2%26.2%24.5%24.0%24.5%16.3%16.8%
FCF margin24.1%24.8%19.0%16.4%22.3%25.1%21.3%24.9%21.1%10.2%
Return on assets17.3%17.5%16.4%14.2%14.7%12.0%13.0%13.3%10.1%10.7%
Return on equity78.3%51.3%46.9%48.0%44.8%43.4%55.4%65.4%48.4%54.8%
Debt / equity2.65×1.08×1.31×1.49×1.45×1.75×2.20×2.95×2.77×2.98×
Current ratio3.121.753.362.373.863.052.633.603.853.03

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.