Zoetis (ZTS) Change in Inventory (2014 - 2026)
Zoetis (ZTS) reported Change in Inventory of $114.0 million for Q1 2026, up 34.12% year-over-year from $85.0 million in Q1 2025, and up 976.92% quarter-over-quarter from -$13.0 million in Q4 2025.
Zoetis (ZTS) Change in Inventory (2014 - 2026) Analysis & Trends
Zoetis (ZTS) has 13 years of Change in Inventory data on file, last reported at $114.0 million in Q1 2026.
- Change in Inventory for Q1 2026 came in at $114.0 million, up 34.12% year-over-year; the trailing twelve-month figure through Mar 2026 was $228.0 million (up 744.44% YoY), and the FY2025 annual result was $199.0 million, up 397.5% from the prior year.
- Change in Inventory grew to $114.0 million in Q1 2026 per ZTS's latest filing, from -$13.0 million in the prior quarter.
- Over five years, Change in Inventory peaked at $235.0 million in Q1 2023 and troughed at -$136.0 million in Q4 2023.
- A 5-year average of $70.6 million and a median of $83.0 million in 2025 frame the typical range for Change in Inventory.
- The sharpest annual moves came in 2023 and 2025: Change in Inventory tumbled 383.33% in 2023, then surged 2300.0% in 2025.
- A 5-year view of Change in Inventory shows it stood at $48.0 million in 2022, then slumped by 383.33% to -$136.0 million in 2023, then soared by 46.32% to -$73.0 million in 2024, then jumped by 82.19% to -$13.0 million in 2025, then surged by 976.92% to $114.0 million in 2026.
- Business Quant data shows ZTS's Change in Inventory at $114.0 million in Q1 2026, -$13.0 million in Q4 2025, and $44.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Teva Pharmaceutical Industries | 38.34 Bn | 34.60 Bn | 1.97 Bn | -93.00 Mn |
| 2 | Zoetis | 33.27 Bn | 31.33 Bn | 1.62 Bn | 114.00 Mn |
| 3 | United Therapeutics | 23.75 Bn | 21.60 Bn | 648.10 Mn | 40.10 Mn |
| 4 | Aurora Cannabis | 17.11 Bn | 17.03 Bn | 33.43 Mn | - |
| 5 | Neurocrine Biosciences | 16.37 Bn | 15.05 Bn | 800.70 Mn | -4.30 Mn |
| 6 | Elanco Animal Health | 11.78 Bn | 11.35 Bn | 785.00 Mn | - |
| 7 | Alkermes | 7.05 Bn | 6.54 Bn | -116.06 Mn | 6.43 Mn |
| 8 | Lantheus Holdings | 6.49 Bn | 5.99 Bn | 230.92 Mn | -2.11 Mn |
| 9 | Hims & Hers Health | 6.19 Bn | 5.44 Bn | 396.79 Mn | 20.30 Mn |
| 10 | Liquidia | 5.63 Bn | 5.40 Bn | 121.79 Mn | 4.57 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 114.00 Mn |
| Mar 31, 2026 | 114.00 Mn |
| Dec 31, 2025 | -13.00 Mn |
| Dec 31, 2025 | -13.00 Mn |
| Sep 30, 2025 | 44.00 Mn |
| Sep 30, 2025 | 44.00 Mn |
| Jun 30, 2025 | 83.00 Mn |
| Jun 30, 2025 | 83.00 Mn |
| Mar 31, 2025 | 85.00 Mn |
| Mar 31, 2025 | 85.00 Mn |
| Dec 31, 2024 | -73.00 Mn |
| Dec 31, 2024 | -73.00 Mn |
| Sep 30, 2024 | -2.00 Mn |
| Sep 30, 2024 | -2.00 Mn |
| Jun 30, 2024 | 17.00 Mn |
| Jun 30, 2024 | 17.00 Mn |
| Mar 31, 2024 | 98.00 Mn |
| Mar 31, 2024 | 98.00 Mn |
| Dec 31, 2023 | -136.00 Mn |
| Dec 31, 2023 | -136.00 Mn |