Zoetis (ZTS) Gross Margin (2012 - 2026)
Zoetis (ZTS) posted quarterly 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 reported Gross Margin for 15 consecutive years, with 71.66% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin fell 22.0% year-over-year to 71.66%; the TTM figure through Mar 2026 stood at 71.76% (up 84.0% YoY), while the FY2025 annual figure was 71.84%, up 121.0% from the prior year.
- Gross Margin grew to 71.66% in Q1 2026 per ZTS's latest filing, from 70.17% in the prior quarter.
- Across five years, Gross Margin topped out at 73.62% in Q2 2025 and bottomed at 67.1% in Q4 2023.
- Historically, Gross Margin has averaged 70.6% across 5 years, with a median of 70.64% in 2024.
- On a YoY basis, Gross Margin climbed as much as 3714 bps in 2022 and fell as far as 151 bps in 2022.
- Zoetis' Gross Margin stood at 67.99% in 2022, then retreated by 1 bps to 67.1% in 2023, then climbed by 4 bps to 69.49% in 2024, then climbed by 1 bps to 70.17% in 2025, then gained 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Haleon | 43.89 Bn | 42.93 Bn | - | - |
| 2 | Teva Pharmaceutical Industries | 43.01 Bn | 39.35 Bn | 2.15 Bn | 51.98% |
| 3 | Zoetis | 31.52 Bn | 29.84 Bn | 1.05 Bn | 42.63% |
| 4 | Takeda Pharmaceutical | 28.61 Bn | 22.81 Bn | 5.10 Bn | 66.66% |
| 5 | United Therapeutics | 22.17 Bn | 19.51 Bn | 683.80 Mn | 87.30% |
| 6 | Viatris | 18.73 Bn | 17.85 Bn | 1.46 Bn | 38.77% |
| 7 | Neurocrine Biosciences | 15.51 Bn | 15.12 Bn | 935.80 Mn | 97.58% |
| 8 | Elanco Animal Health | 11.75 Bn | 11.22 Bn | 798.00 Mn | 58.33% |
| 9 | Dr Reddys Laboratories | 10.12 Bn | 9.96 Bn | - | - |
| 10 | Alkermes | 8.12 Bn | 7.46 Bn | 397.90 Mn | 80.22% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 72.73% |
| 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% |