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
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