Zoetis (ZTS) Free Cash Flow (2012 - 2026)

Zoetis (ZTS) reported Free Cash Flow of $291.0 million for Q1 2026, down 43.16% year-over-year from $512.0 million in Q1 2025, and down 78.43% quarter-over-quarter from $1.3 billion in Q4 2025.

Zoetis (ZTS) Free Cash Flow (2012 - 2026) Analysis & Trends

Zoetis (ZTS) has 15 years of Free Cash Flow data on file, last reported at $291.0 million in Q1 2026.

  • Free Cash Flow for Q1 2026 came in at $291.0 million, down 43.16% year-over-year; the trailing twelve-month figure through Mar 2026 was $2.7 billion (down 10.91% YoY), and the FY2025 annual result was $2.9 billion, down 1.69% from the prior year.
  • Free Cash Flow eased to $291.0 million in Q1 2026 per ZTS's latest filing, from $1.3 billion in the prior quarter.
  • Over five years, Free Cash Flow peaked at $1.3 billion in Q4 2025 and troughed at -$203.0 million in Q2 2023.
  • A 5-year average of $611.8 million and a median of $546.0 million in 2023 frame the typical range for Free Cash Flow.
  • The sharpest annual moves came in 2023 and 2024: Free Cash Flow slumped 356.96% in 2023, then surged 282.27% in 2024.
  • A 5-year view of Free Cash Flow shows it stood at $743.0 million in 2022, then climbed by 21.0% to $899.0 million in 2023, then increased by 0.78% to $906.0 million in 2024, then surged by 48.9% to $1.3 billion in 2025, then sank by 78.43% to $291.0 million in 2026.
  • Business Quant data shows ZTS's Free Cash Flow at $291.0 million in Q1 2026, $1.3 billion in Q4 2025, and $481.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Teva Pharmaceutical Industries 39.72 Bn 35.98 Bn 1.97 Bn -208.00 Mn
2 Zoetis 34.61 Bn 32.67 Bn 1.62 Bn 291.00 Mn
3 United Therapeutics 24.07 Bn 21.91 Bn 648.10 Mn 362.50 Mn
4 Aurora Cannabis 16.98 Bn 16.91 Bn 33.43 Mn -
5 Neurocrine Biosciences 16.64 Bn 15.32 Bn 800.70 Mn 136.70 Mn
6 Elanco Animal Health 12.19 Bn 11.76 Bn 785.00 Mn -38.00 Mn
7 Alkermes 7.37 Bn 6.86 Bn -116.06 Mn -169.83 Mn
8 Hims & Hers Health 6.62 Bn 5.87 Bn 396.79 Mn 80.53 Mn
9 Lantheus Holdings 6.47 Bn 5.97 Bn 230.92 Mn 123.09 Mn
10 Liquidia 5.64 Bn 5.42 Bn 121.79 Mn 46.40 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 291.00 Mn
Mar 31, 2026 291.00 Mn
Dec 31, 2025 1.35 Bn
Dec 31, 2025 1.35 Bn
Sep 30, 2025 481.00 Mn
Sep 30, 2025 481.00 Mn
Jun 30, 2025 558.00 Mn
Jun 30, 2025 558.00 Mn
Mar 31, 2025 512.00 Mn
Mar 31, 2025 512.00 Mn
Dec 31, 2024 906.00 Mn
Dec 31, 2024 906.00 Mn
Sep 30, 2024 1.22 Bn
Sep 30, 2024 1.22 Bn
Jun 30, 2024 370.00 Mn
Jun 30, 2024 370.00 Mn
Mar 31, 2024 455.00 Mn
Mar 31, 2024 455.00 Mn
Dec 31, 2023 899.00 Mn
Dec 31, 2023 899.00 Mn