Zoetis (ZTS) Invested Capital (2012 - 2026)
Zoetis' Invested Capital came in at $12.2 billion for Q2 2026, up 3.9% from $11.74 billion a year earlier but down 0.7% from the prior quarter.
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Analysis
Zoetis (ZTS) Invested Capital (2012 - 2026) Analysis & Trends
For FY2025, Zoetis' Invested Capital was $12.46 billion, up 9.1% from FY2024.
- Invested Capital carries a five-year compound annual growth rate of 2.6% (FY2020 to FY2025).
- Going back by year, Invested Capital was $11.41 billion in FY2024 (-1.2%), $11.56 billion in FY2023 (-6.1%), $12.31 billion in FY2022 (+10.5%) and $11.14 billion in FY2021 (+1.5%).
- The five-year range for quarterly Invested Capital is $11.05 billion (Q1 2023) to $12.47 billion (Q3 2025).
- Year-over-year, Invested Capital has increased for five consecutive quarters, with growth averaging 3.3% over the last eight quarters.
- The fastest year-over-year change in Invested Capital over five years came in Q4 2022 (growth of 10.5%), and the weakest in Q4 2023 (a decline of 6.1%).
- Business Quant data shows ZTS's Invested Capital at $12.28 billion (Q1 2026), $12.46 billion (Q4 2025) and $12.47 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,165.22 Bn | 1,133.81 Bn | 19.71 Bn | 88.79 Bn |
| 2 | Johnson & Johnson | 646.28 Bn | 566.14 Bn | 17.30 Bn | 126.18 Bn |
| 3 | AbbVie | 503.17 Bn | 476.28 Bn | 12.70 Bn | 64.89 Bn |
| 4 | Merck | 365.23 Bn | 319.60 Bn | 12.21 Bn | 95.89 Bn |
| 5 | Novartis Ag | 302.66 Bn | 266.65 Bn | 11.24 Bn | 51.53 Bn |
| 6 | Astrazeneca | 267.39 Bn | 241.08 Bn | 12.86 Bn | 82.72 Bn |
| 7 | Amgen | 241.61 Bn | 197.01 Bn | 7.24 Bn | 68.99 Bn |
| 8 | Gilead Sciences | 194.67 Bn | 168.86 Bn | 6.22 Bn | 38.08 Bn |
| 9 | Pfizer | 172.91 Bn | 119.55 Bn | 10.94 Bn | 148.69 Bn |
| 10 | Zoetis | 34.23 Bn | 26.08 Bn | 1.80 Bn | 12.20 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 12.20 Bn |
| Mar 31, 2026 | 12.28 Bn |
| Dec 31, 2025 | 12.46 Bn |
| Sep 30, 2025 | 12.47 Bn |
| Jun 30, 2025 | 11.74 Bn |
| Mar 31, 2025 | 11.44 Bn |
| Dec 31, 2024 | 11.41 Bn |
| Sep 30, 2024 | 11.81 Bn |
| Jun 30, 2024 | 11.52 Bn |
| Mar 31, 2024 | 11.64 Bn |
| Dec 31, 2023 | 11.56 Bn |
| Sep 30, 2023 | 11.63 Bn |
| Jun 30, 2023 | 11.18 Bn |
| Mar 31, 2023 | 11.05 Bn |
| Dec 31, 2022 | 12.31 Bn |
| Sep 30, 2022 | 11.23 Bn |
| Jun 30, 2022 | 11.15 Bn |
| Mar 31, 2022 | 11.24 Bn |
| Dec 31, 2021 | 11.14 Bn |
| Sep 30, 2021 | 11.27 Bn |
API Access
Zoetis Invested Capital 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=invested-capital&ticker=ZTS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=ZTS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();