Zoetis (ZTS) FCF Margin (2012 - 2026)
Zoetis' (ZTS) quarterly FCF Margin came in at 21.8% in Q2 2026, up 325.0% year-over-year from 5.13% in Q2 2025, and up 69.45% quarter-over-quarter from 12.86% in Q1 2026.
Analysis
Zoetis (ZTS) FCF Margin (2012 - 2026) Analysis & Trends
Zoetis (ZTS) has reported FCF Margin for 15 consecutive years, with 21.8% the latest figure, recorded in Q2 2026.
- On a quarterly basis, FCF Margin rose 325.0% year-over-year to 21.8% in Q2 2026; TTM through Jun 2026 was 24.34%, a 14.0% increase from a year earlier, with the FY2025 full-year figure at 24.12%, down 71.0% from the prior year.
- FCF Margin was 21.8% for Q2 2026 at Zoetis, up from 12.86% in the prior quarter.
- Over five years, FCF Margin peaked at 32.83% in Q3 2024 and troughed at 0.78% in Q2 2023.
- A 5-year average of 20.6% and a median of 19.68% in 2022 frame the typical range for FCF Margin.
- Across the five-year window, FCF Margin plunged 963 bps in 2022 and jumped 1489 bps in 2024, its largest moves.
- Over 5 years, FCF Margin stood at 27.94% in 2022, then increased by 13 bps to 31.59% in 2023, then declined by 6 bps to 29.74% in 2024, then grew by 3 bps to 30.67% in 2025, then declined by 29 bps to 21.8% in 2026.
- The last three FCF Margin figures came in at 21.8% (Q2 2026), 12.86% (Q1 2026), and 30.67% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Idexx Laboratories | 40.69 Bn | 40.49 Bn | 779.09 Mn | 26.51% |
| 2 | Zoetis | 30.63 Bn | 28.95 Bn | 1.05 Bn | 21.80% |
| 3 | Elanco Animal Health | 11.77 Bn | 11.24 Bn | 798.00 Mn | 17.84% |
| 4 | Phibro Animal Health | 1.49 Bn | 1.41 Bn | 134.40 Mn | 1.32% |
| 5 | Immucell | 90.19 Mn | 81.33 Mn | 2.44 Mn | - |
| 6 | Zhengye Biotechnology Holding | 76.23 Mn | 69.14 Mn | - | - |
| 7 | Global Innovative Platforms | 24.88 Mn | 24.63 Mn | - | -372.15% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 21.80% |
| Mar 31, 2026 | 12.86% |
| Dec 31, 2025 | 30.67% |
| Sep 30, 2025 | 31.46% |
| Jun 30, 2025 | 18.55% |
| Mar 31, 2025 | 15.33% |
| Dec 31, 2024 | 29.74% |
| Sep 30, 2024 | 32.83% |
| Jun 30, 2024 | 15.67% |
| Mar 31, 2024 | 20.78% |
| Dec 31, 2023 | 31.59% |
| Sep 30, 2023 | 26.92% |
| Jun 30, 2023 | 0.78% |
| Mar 31, 2023 | 16.30% |
| Dec 31, 2022 | 27.94% |
| Sep 30, 2022 | 18.58% |
| Jun 30, 2022 | 9.26% |
| Mar 31, 2022 | 9.77% |
| Dec 31, 2021 | 25.98% |
| Sep 30, 2021 | 26.83% |