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Zoetis stock: growth
ZTSZoetis reported $9.47B in revenue for fiscal 2025, up 2.3% on the prior year, up 7.2% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
8%
per year from 2009 to 2025, per share 8.5%
Earnings (Annual rate)
no data
Free cash flow (Annual rate)
no data
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2015 | since 2009 | |
|---|---|---|---|
| Revenue | 7.2% | 7.1% | 8.0% |
| Revenue per share | 8.7% | 8.4% | 8.5% |
| Earnings | 10.3% | 22.9% | no data |
| Earnings per share | 11.9% | 24.4% | no data |
| Free cash flow | 6.4% | 17.9% | no data |
| Free cash flow per share | 7.9% | 19.3% | no data |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2009 | $2.76B | −$100M | −$37M |
| 2010 | $3.58B | $110M | $130M |
| 2011 | $4.23B | $245M | $362M |
| 2012 | $4.34B | $436M | $328M |
| 2013 | $4.56B | $504M | $497M |
| 2014 | $4.79B | $583M | $431M |
| 2015 | $4.77B | $339M | $440M |
| 2016 | $4.89B | $821M | $497M |
| 2017 | $5.31B | $864M | $1.12B |
| 2018 | $5.83B | $1.43B | $1.45B |
| 2019 | $6.26B | $1.5B | $1.34B |
| 2020 | $6.68B | $1.64B | $1.67B |
| 2021 | $7.78B | $2.04B | $1.74B |
| 2022 | $8.08B | $2.11B | $1.33B |
| 2023 | $8.54B | $2.34B | $1.62B |
| 2024 | $9.26B | $2.49B | $2.3B |
| 2025 | $9.47B | $2.67B | $2.28B |
Revenue by segment
How Zoetis Inc. makes its money and how that has shifted. Names are as the company reports them.
- Horses66%
- Cattle16%
- Swine5%
- Poultry5%
- Dogs and Cats3%
- Fish3%
- Other2%
“Other” combines smaller and former segments with revenue the company does not assign to a segment. Names as reported, with abbreviations spelled out for the largest companies.
Figures as a table
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Horses | $150M | $151M | $2.45B | $2.95B | $3.44B | $4.43B | $4.94B | $5.29B | $5.99B | $6.28B | 66.4% |
| Cattle | $1.65B | $1.74B | $1.75B | $1.65B | $1.56B | $1.56B | $1.44B | $1.5B | $1.53B | $1.49B | 15.8% |
| Swine | $602M | $621M | $663M | $611M | $621M | $659M | $565M | $543M | $516M | $466M | 4.9% |
| Poultry | $457M | $479M | $522M | $559M | $537M | $507M | $476M | $524M | $527M | $432M | 4.6% |
| Dogs and Cats | $1.81B | $2.08B | $168M | $195M | $215M | $263M | $264M | $285M | $285M | $304M | 3.2% |
| Fish | $90M | $118M | $132M | $134M | $148M | $187M | $212M | $220M | $242M | $286M | 3% |
| Other | $130M | $128M | $141M | $157M | $159M | $177M | $184M | $178M | $162M | $204M | 2.2% |
| Total revenue | $4.89B | $5.31B | $5.83B | $6.26B | $6.68B | $7.78B | $8.08B | $8.54B | $9.26B | $9.47B | 100% |
Revenue by region
Where Zoetis Inc. generates its revenue.
- United States54%
- International45%
- Other1%
“Other” combines smaller regions with revenue the company does not assign to a region.
Figures as a table
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|---|---|---|---|
| United States | $3.2B | $3.56B | $4.04B | $4.31B | $4.56B | $5.07B | $5.1B | 53.8% |
| International | $2.97B | $3.04B | $3.65B | $3.68B | $3.91B | $4.1B | $4.25B | 44.9% |
| Other | $85M | $83M | $82M | $86M | $0 | $0 | $116M | 1.2% |
| Total revenue | $6.26B | $6.68B | $7.78B | $8.08B | $8.54B | $9.26B | $9.47B | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 2 Oct 2026)
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.