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| Date | Value |
|---|---|
| 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% |