Zoetis (ZTS) Free Cash Flow (2012 - 2026)
Zoetis (ZTS) reported Free Cash Flow of $538 million for Q2 2026, up 17.2% from $459 million a year earlier and up 84.9% from the prior quarter.
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Analysis
Zoetis (ZTS) Free Cash Flow (2012 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Zoetis' Free Cash Flow came in at $2.32 billion, up 2.1% year-over-year; for FY2025, it was $2.28 billion, down 0.7% from FY2024.
- Free Cash Flow has a five-year compound annual growth rate of 6.4% (FY2020 to FY2025).
- By year, Free Cash Flow came in at $2.3 billion in FY2024 (+41.8%), $1.62 billion in FY2023 (+22.2%), $1.33 billion in FY2022 (-23.6%) and $1.74 billion in FY2021 (+3.8%).
- Five-year quarterly Free Cash Flow spans a low of $17 million in Q2 2023 and a high of $784 million in Q3 2024.
- Year over year, Free Cash Flow gained in four of the last eight quarters, with growth averaging 4.8%.
- The high point for year-over-year Free Cash Flow in five years was Q1 2023 (growth of 68.0%); the low point was Q2 2023 (a decline of 91.1%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $291 million (Q1 2026), $732 million (Q4 2025) and $755 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,137.66 Bn | 1,106.24 Bn | 19.71 Bn | 7.76 Bn |
| 2 | Johnson & Johnson | 636.13 Bn | 556.00 Bn | 17.30 Bn | 6.36 Bn |
| 3 | AbbVie | 505.28 Bn | 478.39 Bn | 12.70 Bn | 3.11 Bn |
| 4 | Merck | 358.10 Bn | 312.48 Bn | 12.21 Bn | 4.48 Bn |
| 5 | Novartis Ag | 292.59 Bn | 256.58 Bn | 11.24 Bn | 5.56 Bn |
| 6 | Astrazeneca | 265.81 Bn | 239.50 Bn | 12.86 Bn | 1.01 Bn |
| 7 | Amgen | 237.53 Bn | 192.93 Bn | 7.24 Bn | 3.49 Bn |
| 8 | Gilead Sciences | 194.67 Bn | 168.86 Bn | 6.22 Bn | 3.43 Bn |
| 9 | Pfizer | 171.17 Bn | 117.82 Bn | 10.94 Bn | 302.00 Mn |
| 10 | Zoetis | 33.76 Bn | 25.61 Bn | 1.80 Bn | 538.00 Mn |
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 |
API Access
Zoetis Free Cash Flow 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=free-cash-flow&ticker=ZTS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "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=free-cash-flow&ticker=ZTS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();