The Tip Desk

Zoetis Inc.

Company Stats

Market Cap
$28.9B
as of Sep 30, 2026
Shares Outstanding
413.2M
Free Float
94.3%

Income Statement

Revenue
$9.5B
Net Income
$2.7B
Non-cash Impairment
$47.0M
Revenue Growth, 3Y
5.4%
FCF Margin, 3Y Avg
22.6%
FCF Margin, Worst Year
19.0%

Cash Flow

Free Cash Flow
$2.3B
FCF Yield
7.9%
Owner FCF Yield
7.6%

Balance Sheet

Total Debt
$9.2B

Returns & Capital

Dividends Paid
$897.0M
Dividend Yield
3.1%
Dividend Payout, 3Y Avg
32.3%
Share Repurchases
$3.2B
Buyback Yield, 3Y Avg
7.1%
SBC, 3Y Avg
$72.3M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$9.5B$2.3B24.1%
FY2024$9.3B$2.3B24.8%
FY2023$8.5B$1.6B19.0%
FY2022$8.1B$1.3B16.4%
FY2021$7.8B$1.7B22.3%

Annual filing data through FY ended December 31, 2025; shares and float as of October 31, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage