Zoetis (ZTS) Change in Inventory (2014 - 2026)

Zoetis' (ZTS) quarterly Change in Inventory came in at $114.0 million in Q1 2026, up 34.12% year-on-year from $85.0 million in Q1 2025, and up 976.92% on a QoQ basis 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.

  • On a quarterly basis, Change in Inventory rose 34.12% year-over-year to $114.0 million in Q1 2026; TTM through Mar 2026 was $228.0 million, a 744.44% 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 for Q1 2026 stood at $114.0 million, up from -$13.0 million in the prior quarter.
  • Over the last five years, Change in Inventory for ZTS reached as high as $235.0 million in Q1 2023 and fell as low as -$136.0 million in Q4 2023.
  • Historically, Change in Inventory has averaged $70.6 million across 5 years, with a median of $83.0 million in 2025.
  • Across the five-year window, Change in Inventory sank 383.33% in 2023 and soared 2300.0% in 2025, its largest moves.
  • Year by year, Change in Inventory stood at $48.0 million in 2022, then tumbled 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.
  • Per Business Quant data, the three most recent Change in Inventory figures were $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 in Inventory (Qtr)
1 Haleon 87.22 Bn 85.35 Bn - -
2 Teva Pharmaceutical Industries 39.60 Bn 35.87 Bn 1.97 Bn -93.00 Mn
3 Zoetis 31.46 Bn 29.52 Bn 1.62 Bn 114.00 Mn
4 Takeda Pharmaceutical 26.49 Bn 22.44 Bn 4.39 Bn 119.24 Mn
5 United Therapeutics 23.03 Bn 20.88 Bn 648.10 Mn 40.10 Mn
6 Universe Pharmaceuticals 23.03 Bn -10.56 Bn - -
7 Viatris 20.90 Bn 19.09 Bn 1.16 Bn 123.00 Mn
8 Neurocrine Biosciences 17.50 Bn 16.19 Bn 800.70 Mn -4.30 Mn
9 Elanco Animal Health 12.33 Bn 11.91 Bn 785.00 Mn -
10 Vireo Growth 10.57 Bn 10.41 Bn 59.30 Mn 2.20 Mn

Historic Data

Download Data
DateValue
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