Zoetis (ZTS) EV to EBITDA (2017 - 2026)
Zoetis' EV to EBITDA came in at 10.31 for Q2 2026, down 56.3% from 23.60 a year earlier and down 39.1% from the prior quarter.
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Analysis
Zoetis (ZTS) EV to EBITDA (2017 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Zoetis reported EV to EBITDA of 7.94, down 63.4% year-over-year; for FY2025, it was 13.00, down 30.0% from FY2024.
- Going back by year, EV to EBITDA was 18.57 in FY2024 (-29.4%), 26.32 in FY2023 (+31.2%), 20.06 in FY2022 (-45.8%) and 37.02 in FY2021 (+32.5%).
- The Q2 2026 figure represents the lowest quarterly EV to EBITDA in data going back to Q4 2015.
- Year-over-year, EV to EBITDA has declined for ten consecutive quarters, with an average decline of 27.3% over the last eight quarters.
- The fastest year-over-year change in EV to EBITDA over five years came in Q3 2021 (growth of 155.0%), and the weakest in Q2 2026 (a decline of 56.3%).
- Business Quant data shows ZTS's EV to EBITDA at 16.93 (Q1 2026), 17.57 (Q4 2025) and 21.66 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Eli Lilly | 1,146.94 Bn | 1,115.53 Bn | 19.71 Bn |
| 2 | Johnson & Johnson | 624.96 Bn | 543.49 Bn | 17.26 Bn |
| 3 | AbbVie | 510.15 Bn | 483.27 Bn | 12.70 Bn |
| 4 | Merck | 366.13 Bn | 320.51 Bn | 12.21 Bn |
| 5 | Novartis Ag | 297.75 Bn | 261.74 Bn | 11.24 Bn |
| 6 | Astrazeneca | 261.93 Bn | 235.62 Bn | 12.86 Bn |
| 7 | Amgen | 236.51 Bn | 191.91 Bn | 7.24 Bn |
| 8 | Gilead Sciences | 194.27 Bn | 168.47 Bn | 6.22 Bn |
| 9 | Pfizer | 171.74 Bn | 118.39 Bn | 10.94 Bn |
| 10 | Zoetis | 33.38 Bn | 25.23 Bn | 1.80 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.90 |
| Mar 31, 2026 | 11.58 |
| Dec 31, 2025 | 12.33 |
| Sep 30, 2025 | 15.27 |
| Jun 30, 2025 | 16.63 |
| Mar 31, 2025 | 18.02 |
| Dec 31, 2024 | 17.88 |
| Sep 30, 2024 | 22.06 |
| Jun 30, 2024 | 20.32 |
| Mar 31, 2024 | 20.08 |
| Dec 31, 2023 | 24.19 |
| Sep 30, 2023 | 21.52 |
| Jun 30, 2023 | 21.81 |
| Mar 31, 2023 | 21.68 |
| Dec 31, 2022 | 18.23 |
| Sep 30, 2022 | 19.38 |
| Jun 30, 2022 | 22.65 |
| Mar 31, 2022 | 25.10 |
| Dec 31, 2021 | 33.20 |
| Sep 30, 2021 | 27.03 |
API Access
Zoetis EV to EBITDA 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=ev-to-ebitda&ticker=ZTS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "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=ev-to-ebitda&ticker=ZTS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();