ZOETIS INC.
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.
CAPITALIZATION 12/31/25
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | 9,042 | 73.1 |
| Stockholders' equity | 3,331 | 26.9 |
| Total capitalization | 12,373 | 100.0 |
413,223,602 shares outstanding at 31 July 2026 (cover page of the 10-Q filed 6 August 2026).
LONG-TERM DEBT 12/31/25
| ($ millions) | Amount |
|---|---|
| Long-term debt, noncurrent | 9,042 |
| Current maturities | 0 |
| Short-term borrowings / commercial paper | 0 |
CAPITAL STOCK 12/31/25
| Common shares authorized | 6,000,000,000 |
| Common shares issued | 501,891,243 |
| Treasury shares | 76,963,708 |
| Par or stated value per share ($) | 0.01 |
| Outstanding at 7/31/26 | 413,223,602 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2025 | 2.03 | 33.7 |
| 2024 | 1.80 | 32.8 |
| 2023 | 1.56 | 30.7 |
| 2022 | 1.35 | 30.1 |
| 2021 | 1.07 | 25.2 |
HISTORY AND BUSINESS
HISTORY: State of incorporation not stated in SEC records.
BUSINESS: Classified by the SEC under Standard Industrial Classification 2834, Pharmaceutical Preparations. Large accelerated filer. Principal executive office: 10 Sylvan Way, Parsippany, NJ 07054. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 12/31/25 | 12/31/24 | 12/31/23 |
|---|---|---|---|
| Revenues | 9,467 | 9,256 | 8,544 |
| Cost of revenues | 2,666 | 2,719 | 2,561 |
| Research and development | 698 | 686 | 614 |
| Selling, general and administrative | 2,378 | 2,318 | 2,151 |
| Depreciation and amortization | 487 | 497 | 491 |
| Interest expense | 222 | 225 | 239 |
| Income before income taxes | 3,360 | 3,133 | 2,936 |
| Income taxes | 687 | 637 | 596 |
| Net income | 2,673 | 2,486 | 2,344 |
| Earned per share, diluted ($) | 6.02 | 5.47 | 5.07 |
| Dividends per share ($) | 2.03 | 1.80 | 1.56 |
CONSOLIDATED BALANCE SHEET
| ($ millions) | 12/31/25 | 12/31/24 |
|---|---|---|
| Receivables, net | 1,590 | 1,316 |
| Inventories | 2,430 | 2,306 |
| Total current assets | 6,768 | 5,986 |
| Property, plant and equipment, net | 3,681 | 3,391 |
| Goodwill | 2,767 | 2,724 |
| Total assets | 15,467 | 14,237 |
| Total current liabilities | 2,235 | 3,412 |
| Long-term debt | 9,042 | 5,220 |
| Total liabilities | 12,136 | 9,467 |
| Stockholders' equity | 3,331 | 4,770 |
| Total liabilities and equity | 15,467 | 14,237 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Capital expend. | Free cash flow | Total assets | Total liabilities | Total debt | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12/31/25 | 9,467 | – | 2,673 | 28.2 | 6.02 | 2.03 | 2,904 | 621 | 2,283 | 15,467 | 12,136 | 9,042 | 3,331 | 80.2 | 2.71 |
| 12/31/24 | 9,256 | – | 2,486 | 26.9 | 5.47 | 1.80 | 2,953 | 655 | 2,298 | 14,237 | 9,467 | 6,570 | 4,770 | 52.1 | 1.38 |
| 12/31/23 | 8,544 | – | 2,344 | 27.4 | 5.07 | 1.56 | 2,353 | 732 | 1,621 | 14,286 | 9,295 | 6,567 | 4,997 | 46.9 | 1.31 |
| 12/31/22 | 8,080 | – | 2,114 | 26.2 | 4.49 | 1.35 | 1,912 | 586 | 1,326 | 14,925 | 10,522 | 7,904 | 4,405 | 48.0 | 1.79 |
| 12/31/21 | 7,776 | – | 2,037 | 26.2 | 4.27 | 1.07 | 2,213 | 477 | 1,736 | 13,900 | 9,356 | 6,592 | 4,543 | 44.8 | 1.45 |
| 12/31/20 | 6,675 | – | 1,638 | 24.5 | 3.42 | 0.85 | 2,126 | 453 | 1,673 | 13,609 | 9,836 | 7,199 | 3,769 | 43.5 | 1.91 |
| 12/31/19 | 6,260 | – | 1,500 | 24.0 | 3.11 | 0.69 | 1,795 | 460 | 1,335 | 11,545 | 8,837 | 6,447 | 2,708 | 55.4 | 2.38 |
| 12/31/18 | 5,825 | – | 1,428 | 24.5 | 2.93 | 0.54 | 1,790 | 338 | 1,452 | 10,777 | 8,592 | 6,452 | 2,185 | 65.4 | 2.95 |
| 12/31/17 | 5,307 | – | 864 | 16.3 | 1.75 | 0.44 | 1,346 | 224 | 1,122 | 8,586 | 6,800 | 4,953 | 1,770 | 48.8 | 2.80 |
| 12/31/16 | 4,888 | – | 821 | 16.8 | 1.65 | 0.39 | 713 | 216 | 497 | 7,649 | 6,150 | 4,468 | 1,487 | 55.2 | 3.00 |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
Zoetis Inc.
CIK 1555280 · EIN 46-0696167
PRINCIPAL OFFICE:
10 Sylvan Way, Parsippany, NJ 07054
Tel.: 973-822-7000
INCORPORATED:
–
INDUSTRY (SEC SIC CODE):
2834 · Pharmaceutical Preparations
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 12/31/25, filed 12 February 2026
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/12/26) · 10-K FY2024 (filed 2/13/25) · 10-K FY2023 (filed 2/13/24) · 10-K FY2022 (filed 2/14/23) · 10-K FY2021 (filed 2/15/22) · 10-K FY2020 (filed 2/16/21) · 10-K FY2019 (filed 2/13/20) · 10-K FY2018 (filed 2/14/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.