Zoetis (ZTS) Free Cash Flow (2012 - 2026)
Zoetis' (ZTS) quarterly Free Cash Flow came in at $538.0 million in Q2 2026, up 17.21% year-over-year from $459.0 million in Q2 2025, and up 84.88% quarter-over-quarter from $291.0 million in Q1 2026.
Analysis
Zoetis (ZTS) Free Cash Flow (2012 - 2026) Analysis & Trends
Zoetis (ZTS) has reported Free Cash Flow for 15 consecutive years, with $538.0 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Free Cash Flow rose 17.21% year-over-year to $538.0 million in Q2 2026; TTM through Jun 2026 was $2.3 billion, a 2.07% increase from a year earlier, with the FY2025 full-year figure at $2.3 billion, down 0.65% from the prior year.
- Free Cash Flow was $538.0 million for Q2 2026 at Zoetis, up from $291.0 million in the prior quarter.
- Over five years, Free Cash Flow peaked at $784.0 million in Q3 2024 and troughed at $17.0 million in Q2 2023.
- A 5-year average of $464.3 million and a median of $457.0 million in 2024 frame the typical range for Free Cash Flow.
- Across the five-year window, Free Cash Flow slumped 91.05% in 2023 and jumped 2076.47% in 2024, its largest moves.
- Over 5 years, Free Cash Flow stood at $570.0 million in 2022, then gained by 22.63% to $699.0 million in 2023, then fell by 1.43% to $689.0 million in 2024, then grew by 6.24% to $732.0 million in 2025, then dropped by 26.5% to $538.0 million in 2026.
- The last three Free Cash Flow figures came in at $538.0 million (Q2 2026), $291.0 million (Q1 2026), and $732.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Idexx Laboratories | 40.69 Bn | 40.49 Bn | 779.09 Mn | 322.52 Mn |
| 2 | Zoetis | 30.63 Bn | 28.95 Bn | 1.05 Bn | 538.00 Mn |
| 3 | Elanco Animal Health | 11.77 Bn | 11.24 Bn | 798.00 Mn | 244.00 Mn |
| 4 | Phibro Animal Health | 1.49 Bn | 1.41 Bn | 134.40 Mn | 5.23 Mn |
| 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 | - | -188,681.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 538.00 Mn |
| Mar 31, 2026 | 291.00 Mn |
| Dec 31, 2025 | 732.00 Mn |
| Sep 30, 2025 | 755.00 Mn |
| Jun 30, 2025 | 459.00 Mn |
| Mar 31, 2025 | 337.00 Mn |
| Dec 31, 2024 | 689.00 Mn |
| Sep 30, 2024 | 784.00 Mn |
| Jun 30, 2024 | 370.00 Mn |
| Mar 31, 2024 | 455.00 Mn |
| Dec 31, 2023 | 699.00 Mn |
| Sep 30, 2023 | 579.00 Mn |
| Jun 30, 2023 | 17.00 Mn |
| Mar 31, 2023 | 326.00 Mn |
| Dec 31, 2022 | 570.00 Mn |
| Sep 30, 2022 | 372.00 Mn |
| Jun 30, 2022 | 190.00 Mn |
| Mar 31, 2022 | 194.00 Mn |
| Dec 31, 2021 | 511.00 Mn |
| Sep 30, 2021 | 534.00 Mn |