Zoetis (ZTS) Change in Inventory (2014 - 2026)
Zoetis' (ZTS) quarterly Change in Inventory came in at $23.0 million in Q2 2026, down 71.95% year-over-year from $82.0 million in Q2 2025, and down 79.82% quarter-over-quarter from $114.0 million in Q1 2026.
Analysis
Zoetis (ZTS) Change in Inventory (2014 - 2026) Analysis & Trends
Zoetis (ZTS) has reported Change in Inventory for 13 consecutive years, with $23.0 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Change in Inventory fell 71.95% year-over-year to $23.0 million in Q2 2026; TTM through Jun 2026 was $169.0 million, a 83.7% increase from a year earlier, with the FY2025 full-year figure at $199.0 million, up 397.5% from the prior year.
- Change in Inventory was $23.0 million for Q2 2026 at Zoetis, down from $114.0 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 $67.9 million and a median of $77.5 million in 2023 frame the typical range for Change in Inventory.
- Across the five-year window, Change in Inventory plunged 383.33% in 2023 and jumped 2350.0% in 2025, its largest moves.
- Over 5 years, Change in Inventory stood at $48.0 million in 2022, then tumbled by 383.33% to -$136.0 million in 2023, then surged by 46.32% to -$73.0 million in 2024, then soared by 82.19% to -$13.0 million in 2025, then jumped by 276.92% to $23.0 million in 2026.
- The last three Change in Inventory figures came in at $23.0 million (Q2 2026), $114.0 million (Q1 2026), and -$13.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Idexx Laboratories | 40.60 Bn | 40.40 Bn | 779.09 Mn | 4.03 Mn |
| 2 | Zoetis | 30.59 Bn | 28.91 Bn | 1.05 Bn | 23.00 Mn |
| 3 | Elanco Animal Health | 11.76 Bn | 11.23 Bn | 798.00 Mn | - |
| 4 | Phibro Animal Health | 1.50 Bn | 1.42 Bn | 134.40 Mn | -6.20 Mn |
| 5 | Immucell | 89.92 Mn | 81.06 Mn | 2.44 Mn | - |
| 6 | Zhengye Biotechnology Holding | 74.81 Mn | 67.72 Mn | - | - |
| 7 | Global Innovative Platforms | 24.88 Mn | 24.63 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 |