Zoetis (ZTS) Change in Inventory (2014 - 2026)
Zoetis (ZTS) reported Change in Inventory of $23 million for Q2 2026, down 72.0% from $82 million a year earlier and down 79.8% from the prior quarter.
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Analysis
Zoetis (ZTS) Change in Inventory (2014 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Zoetis' Change in Inventory came in at $169 million, up 83.7% year-over-year; for FY2025, it was $199 million, up 397.5% from FY2024.
- Change in Inventory has a five-year compound annual growth rate of -10.5% (FY2020 to FY2025).
- By year, Change in Inventory came in at $40 million in FY2024 (-88.9%), $361 million in FY2023 (-25.7%), $486 million in FY2022 (+32.8%) and $366 million in FY2021 (+5.8%).
- Five-year quarterly Change in Inventory spans a low of -$136 million in Q4 2023 and a high of $235 million in Q1 2023.
- Year over year, Change in Inventory gained in two of the last four quarters, with growth averaging 82.8%.
- The high point for year-over-year Change in Inventory in five years was Q2 2025 (growth of 382.4%); the low point was Q2 2024 (a decline of 91.0%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $114 million (Q1 2026), -$13 million (Q4 2025) and $45 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 638.12 Bn | 556.64 Bn | 17.26 Bn | 571.00 Mn |
| 2 | AbbVie | 462.60 Bn | 435.75 Bn | 12.70 Bn | 143.00 Mn |
| 3 | Merck | 358.70 Bn | 313.13 Bn | 12.21 Bn | - |
| 4 | Novartis Ag | 272.16 Bn | 228.03 Bn | 11.24 Bn | - |
| 5 | Astrazeneca | 250.36 Bn | 223.92 Bn | 12.86 Bn | - |
| 6 | Amgen | 227.87 Bn | 183.27 Bn | 7.24 Bn | 31.00 Mn |
| 7 | Gilead Sciences | 184.97 Bn | 159.08 Bn | 6.22 Bn | 145.00 Mn |
| 8 | Pfizer | 162.61 Bn | 109.56 Bn | 10.94 Bn | - |
| 9 | Vertex Pharmaceuticals | 132.45 Bn | 104.46 Bn | 2.84 Bn | 27.70 Mn |
| 10 | Zoetis | 28.92 Bn | 20.77 Bn | 1.05 Bn | 23.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.00 Mn |
| Mar 31, 2026 | 114.00 Mn |
| Dec 31, 2025 | -13.00 Mn |
| Sep 30, 2025 | 45.00 Mn |
| Jun 30, 2025 | 82.00 Mn |
| Mar 31, 2025 | 85.00 Mn |
| Dec 31, 2024 | -73.00 Mn |
| Sep 30, 2024 | -2.00 Mn |
| Jun 30, 2024 | 17.00 Mn |
| Mar 31, 2024 | 98.00 Mn |
| Dec 31, 2023 | -136.00 Mn |
| Sep 30, 2023 | 73.00 Mn |
| Jun 30, 2023 | 189.00 Mn |
| Mar 31, 2023 | 235.00 Mn |
| Dec 31, 2022 | 48.00 Mn |
| Sep 30, 2022 | 126.00 Mn |
| Jun 30, 2022 | 166.00 Mn |
| Mar 31, 2022 | 146.00 Mn |
| Dec 31, 2021 | 67.00 Mn |
| Sep 30, 2021 | 93.00 Mn |
API Access
Zoetis Change in Inventory API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=change-in-inventory&ticker=ZTS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-inventory", "ticker": "ZTS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=change-in-inventory&ticker=ZTS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();