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

Zoetis' (ZTS) quarterly Free Cash Flow came in at $291.0 million in Q1 2026, down 13.65% year-on-year from $337.0 million in Q1 2025, and up 5.82% on a QoQ basis from $275.0 million 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.

  • On a quarterly basis, Free Cash Flow fell 13.65% year-over-year to $291.0 million in Q1 2026; TTM through Mar 2026 was $2.2 billion, a 21.01% decrease from a year earlier, with the FY2025 full-year figure at $2.3 billion, down 22.61% from the prior year.
  • Free Cash Flow for Q1 2026 stood at $291.0 million, up from $275.0 million in the prior quarter.
  • Over the last five years, Free Cash Flow for ZTS reached as high as $1.3 billion in Q3 2025 and fell as low as -$203.0 million in Q2 2023.
  • Historically, Free Cash Flow has averaged $541.2 million across 5 years, with a median of $455.0 million in 2024.
  • On a YoY basis, Free Cash Flow climbed as much as 461.88% in 2023 and fell as far as 160.6% in 2023.
  • Year by year, Free Cash Flow stood at $160.0 million in 2022, then soared by 461.88% to $899.0 million in 2023, then advanced by 0.78% to $906.0 million in 2024, then slumped by 69.65% to $275.0 million in 2025, then advanced by 5.82% to $291.0 million in 2026.
  • Per Business Quant data, the three most recent Free Cash Flow figures were $291.0 million in Q1 2026, $275.0 million in Q4 2025, and $1.3 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Haleon 88.07 Bn 86.20 Bn - -
2 Teva Pharmaceutical Industries 35.75 Bn 32.01 Bn 1.97 Bn -208.00 Mn
3 Zoetis 31.84 Bn 29.90 Bn 1.62 Bn 291.00 Mn
4 Takeda Pharmaceutical 27.18 Bn 23.12 Bn 4.39 Bn -373.37 Mn
5 United Therapeutics 23.09 Bn 20.93 Bn 648.10 Mn 363.70 Mn
6 RedHill Biopharma 21.32 Bn 21.32 Bn - -
7 Viatris 19.96 Bn 18.16 Bn 1.16 Bn 348.40 Mn
8 Neurocrine Biosciences 17.66 Bn 16.34 Bn 800.70 Mn 144.40 Mn
9 Elanco Animal Health 12.44 Bn 12.02 Bn 785.00 Mn -38.00 Mn
10 Vireo Growth 10.53 Bn 10.38 Bn 59.30 Mn 1.10 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 291.00 Mn
Mar 31, 2026 291.00 Mn
Dec 31, 2025 275.00 Mn
Dec 31, 2025 275.00 Mn
Sep 30, 2025 1.26 Bn
Sep 30, 2025 1.26 Bn
Jun 30, 2025 409.00 Mn
Jun 30, 2025 409.00 Mn
Mar 31, 2025 337.00 Mn
Mar 31, 2025 337.00 Mn
Dec 31, 2024 906.00 Mn
Dec 31, 2024 906.00 Mn
Sep 30, 2024 950.00 Mn
Sep 30, 2024 950.00 Mn
Jun 30, 2024 639.00 Mn
Jun 30, 2024 639.00 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