Zoetis (ZTS) Gross Margin (2012 - 2026)

Zoetis (ZTS) reported Gross Margin of 71.66% for Q1 2026, down 22.0% year-over-year from 91.87% in Q1 2025, and up 2.12% quarter-over-quarter from 70.17% in Q4 2025.

Zoetis (ZTS) Gross Margin (2012 - 2026) Analysis & Trends

Zoetis (ZTS) has 15 years of Gross Margin data on file, last reported at 71.66% in Q1 2026.

  • Gross Margin for Q1 2026 came in at 71.66%, down 22.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 71.76% (up 84.0% YoY), and the FY2025 annual result was 71.84%, up 121.0% from the prior year.
  • Gross Margin climbed to 71.66% in Q1 2026 per ZTS's latest filing, from 70.17% in the prior quarter.
  • Over five years, Gross Margin peaked at 73.62% in Q2 2025 and troughed at 67.1% in Q4 2023.
  • A 5-year average of 70.6% and a median of 70.64% in 2024 frame the typical range for Gross Margin.
  • On a YoY basis, Gross Margin climbed as much as 7135 bps in 2022 and fell as far as 151 bps in 2022.
  • A 5-year view of Gross Margin shows it stood at 67.99% in 2022, then fell by 1 bps to 67.1% in 2023, then advanced by 4 bps to 69.49% in 2024, then advanced by 1 bps to 70.17% in 2025, then rose by 2 bps to 71.66% in 2026.
  • Business Quant data shows ZTS's Gross Margin at 71.66% in Q1 2026, 70.17% in Q4 2025, and 71.54% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Teva Pharmaceutical Industries 38.34 Bn 34.60 Bn 1.97 Bn 49.52%
2 Zoetis 33.27 Bn 31.33 Bn 1.62 Bn 71.66%
3 United Therapeutics 23.75 Bn 21.60 Bn 648.10 Mn 82.93%
4 Aurora Cannabis 17.11 Bn 17.03 Bn 33.43 Mn 49.50%
5 Neurocrine Biosciences 16.37 Bn 15.05 Bn 800.70 Mn 98.31%
6 Elanco Animal Health 11.78 Bn 11.35 Bn 785.00 Mn 57.26%
7 Alkermes 7.05 Bn 6.54 Bn -116.06 Mn -293.83%
8 Lantheus Holdings 6.49 Bn 5.99 Bn 230.92 Mn 61.20%
9 Hims & Hers Health 6.19 Bn 5.44 Bn 396.79 Mn 65.25%
10 Liquidia 5.63 Bn 5.40 Bn 121.79 Mn 91.66%

Historic Data

Download Data
DateValue
Mar 31, 2026 71.66%
Dec 31, 2025 70.17%
Sep 30, 2025 71.54%
Jun 30, 2025 73.62%
Mar 31, 2025 71.88%
Dec 31, 2024 69.49%
Sep 30, 2024 70.64%
Jun 30, 2024 71.71%
Mar 31, 2024 70.64%
Dec 31, 2023 67.10%
Sep 30, 2023 70.34%
Jun 30, 2023 72.16%
Mar 31, 2023 70.60%
Dec 31, 2022 67.99%
Sep 30, 2022 69.68%
Jun 30, 2022 69.54%
Mar 31, 2022 71.35%
Dec 31, 2021 69.50%
Sep 30, 2021 70.55%
Jun 30, 2021 70.84%