TORVANTA
Health Care · S&P 500 · data as of 2026-10-05

ZTS stock analysis: Zoetis

Zoetis (ZTS) is an S&P 500 company in Pharmaceuticals. It grades strongest on value and profitability and weakest on growth and momentum.

The model's view of ZTS · subscribers

Where ZTS ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with ZTS · updated 2026-10-05 · from prices and SEC filings

ZTS price performance

ZTS against the S&P 500, one year
-50%-25%+0%S&P 500 +18%ZTS -49%2025-09-292026-10-05
Year to date-42.4%S&P 500 +14.5% · behind by 56.9 pts
1 year-50.3%S&P 500 +17.0% · behind by 67.3 pts
3 years-56.7%S&P 500 +89.3% · behind by 146.0 pts
5 years-61.6%S&P 500 +91.3% · behind by 152.9 pts

Total returns with dividends reinvested.

ZTS factor grades

Each grade compares ZTS with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

A-ValueP/E 11.8x (industry 32.7x)FCF yield 8.0% (industry 7.0%)
C-GrowthRevenue growth +1% (industry +4%)EPS growth +4% (industry -2%)
A-Profitability
D-Momentum12-month change -50%From 52-wk high -51%

ZTS in plain numbers

ZTS key statistics

SectorHealth Care
IndustryPharmaceuticals
IndexS&P 500
Market value$29.5B
Revenue growth (y/y)+1%
Free-cash-flow yield8.0%
Dividend yield2.9%
Next earnings (expected)2026-11-03
Valuation measures
Market value$29.5B
Enterprise value$37.1B
P/E (trailing)11.8x
Forward P/E (Torvanta estimate)11.2x
PEG (Torvanta estimate)2.21
Price / sales3.1x
Price / book9.4x
EV / revenue3.9x
Financial highlights
Revenue, last 12 months$9.5B
Net income, last 12 months$2.6B
EPS, last 12 months (GAAP)$6.07
Gross margin71.5%
Net margin27.5%
Return on equity64.4%
Cash$1.5B
Total debt$9.0B
Debt / equity2.87x
Free cash flow, last 12 months$2.4B
Current ratio3.08x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

ZTS earnings trends

Revenue vs earnings
$0$617.0M$1.2B$1.9B$2.5BSep 2024 Revenue: $2.4BDec 2024 Revenue: $2.3BMar 2025 Revenue: $2.2BJun 2025 Revenue: $2.5BSep 2025 Revenue: $2.4BDec 2025 Revenue: $2.4BMar 2026 Revenue: $2.3BJun 2026 Revenue: $2.5BSep 2024 Net income: $682.0MDec 2024 Net income: $581.0MMar 2025 Net income: $631.0MJun 2025 Net income: $718.0MSep 2025 Net income: $721.0MDec 2025 Net income: $603.0MMar 2026 Net income: $601.0MJun 2026 Net income: $691.0MSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Net margin: 28.6%Net margin: 25.1%Net margin: 28.4%Net margin: 29.2%Net margin: 30.0%Net margin: 25.3%Net margin: 26.6%Net margin: 28.0%0%15%30%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$0.4$0.8$1.2$1.7Sep 2024 EPS (GAAP, diluted): $1.5Dec 2024 EPS (GAAP, diluted): $1.3Mar 2025 EPS (GAAP, diluted): $1.4Jun 2025 EPS (GAAP, diluted): $1.6Sep 2025 EPS (GAAP, diluted): $1.6Dec 2025 EPS (GAAP, diluted): $1.4Mar 2026 EPS (GAAP, diluted): $1.4Jun 2026 EPS (GAAP, diluted): $1.7Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026■ EPS (GAAP, diluted) Change from a year earlier: Sep 2025 +9% · Dec 2025 +6% · Mar 2026 +1% · Jun 2026 +2%

From the company's 10-Q and 10-K filings with the SEC.

Zoetis financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$7.8B$8.1B$8.5B$9.3B$9.5B
Net income$2.0B$2.1B$2.3B$2.5B$2.7B
EPS (GAAP)$4.27$4.49$5.07$5.47$6.02
Free cash flow$1.7B$1.3B$1.6B$2.3B$2.3B

ZTS earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-08-06$1.65+2%+0%-2.8%
2026-05-07$1.42+1%+2%-26.1%
2026-02-12$1.37+6%+3%-0.1%
2025-11-04$1.63+9%+0%-15.7%
2025-08-05$1.61+18%+4%-3.8%
2025-05-06$1.41+8%+1%-0.9%

About Zoetis

HeadquartersParsippany, NJ
Industry (SEC code)Pharmaceutical Preparations
Fiscal year endsDecember 31
Listed onNYSE

From the company's SEC registration record.

Companies similar to ZTS

CompanyMarket valueP/ERevenue growthOperating margin12-month change
ZTS Zoetis$29.5B11.8x+1%n/a-50%
VTRS Viatris$20.2Bn/a+4%-0.6%+79%compare
BMY Bristol-Myers Squibb$120.1B13.0x+3%n/a+35%compare
PFE Pfizer$156.2B36.1x-0%n/a+7%compare
MRK Merck$344.3B110.7x+5%n/a+61%
JNJ Johnson & Johnson$609.5B29.3x+8%n/a+37%
LLY Eli Lilly$1.1T38.4x+50%n/a+37%

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Frequently asked questions

Is ZTS stock a buy?

Torvanta does not tell individuals what to buy. Its grades for ZTS are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is ZTS's P/E ratio?

ZTS trades at about 11.8 times its last 12 months of GAAP earnings reported to the SEC, and about 11.2 times Torvanta's own estimate of the next 12 months.

When does ZTS report earnings next?

Based on its filing history, Torvanta expects Zoetis to report around 2026-11-03.

Does ZTS pay a dividend?

Yes. Its dividend yield is about 2.9%, and it has raised its dividend 12 years in a row.

How has ZTS performed against the S&P 500?

Over the past year ZTS returned -50.3%, against +17.0% for the S&P 500, dividends reinvested.

See the model's view

Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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