Zoetis Inc. (ZTS) Financial Statements
Zoetis financial statements at a glance
Zoetis reported revenue of $9.47 billion for fiscal year 2025 (ended December 31, 2025), up 2.3% from fiscal year 2024. Net income was $2.67 billion, a net margin of 28.2%.
At the end of fiscal year 2025 it had total assets of $15.47 billion, total liabilities of $12.14 billion and shareholders' equity of $3.33 billion, with total debt of $9.05 billion.
Its operations brought in $2.90 billion of cash.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended December 31, 2025.
Zoetis Inc.
Income Statement
Annual • USD
Zoetis key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $9.5B | $9.3B | $8.5B | $8.1B | $7.8B |
| Gross profit | $6.8B | $6.5B | $6.0B | $5.6B | $5.5B |
| Operating income | $3.4B | $3.1B | $2.9B | $2.7B | $2.8B |
| Net income | $2.7B | $2.5B | $2.3B | $2.1B | $2.0B |
| Diluted EPS | – | – | – | – | $4.27 |
| Total assets | $15.5B | $14.2B | $14.3B | $14.9B | $13.9B |
| Total liabilities | $12.1B | $9.5B | $9.3B | $10.5B | $9.4B |
| Shareholders' equity | $3.3B | $4.8B | $5.0B | $4.4B | $4.5B |
| Cash | – | – | – | – | $3.5B |
| Total debt | $9.0B | $6.6B | $6.6B | $7.9B | $6.7B |
| Operating cash flow | $2.9B | $3.0B | $2.4B | $1.9B | $2.2B |
| Capital spending | – | – | – | – | $477.0M |
| Free cash flow | – | – | – | – | $1.7B |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2020.
Questions and answers
What was Zoetis's revenue in fiscal year 2025?
$9.47 billion, up 2.3% from $9.26 billion in fiscal year 2024.
How much profit does Zoetis make?
Zoetis reported net income of $2.67 billion for fiscal year 2025 (28.2% of revenue); operating income was $3.36 billion.
How much cash and debt does Zoetis have?
At the end of fiscal year 2025: total debt of $9.05 billion.
