Zoetis (ZTS) Net Margin (2012 - 2026)
Zoetis (ZTS) recorded Net Margin of 35.09% in Q2 2026, down 1.77 percentage points from 36.86% a year earlier but up 1.58 percentage points from the prior quarter.
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Analysis
Zoetis (ZTS) Net Margin (2012 - 2026) Analysis & Trends
On a TTM basis, Zoetis' Net Margin came in at 34.38% as of Jun 30, 2026, down 0.72 percentage points year-over-year; for FY2025, it was 35.49%, up 1.64 percentage points from FY2024.
- Annual Net Margin has a five-year change of +5.59 percentage points (FY2020 to FY2025).
- Across earlier years, Net Margin came in at 33.85% in FY2024 (-0.51 pp), 34.36% in FY2023 (+1.49 pp), 32.87% in FY2022 (+0.88 pp) and 32.00% in FY2021 (+2.09 pp).
- Quarterly Net Margin has ranged from 25.72% in Q4 2021 to 40.00% in Q2 2023 over the past five years.
- On a year-over-year basis, Net Margin rose in six of the last eight quarters, with an average year-over-year change of +0.95 percentage points.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 7.35 percentage points in Q2 2023, against a drop of 6.96 percentage points in Q2 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 33.51% (Q1 2026), 31.88% (Q4 2025) and 36.96% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,146.94 Bn | 1,115.53 Bn | 19.71 Bn | 30.88% |
| 2 | Johnson & Johnson | 624.96 Bn | 543.49 Bn | 17.26 Bn | 21.86% |
| 3 | AbbVie | 510.15 Bn | 483.27 Bn | 12.70 Bn | 21.27% |
| 4 | Merck | 366.13 Bn | 320.51 Bn | 12.21 Bn | -8.04% |
| 5 | Novartis Ag | 297.75 Bn | 261.74 Bn | 11.24 Bn | 22.65% |
| 6 | Astrazeneca | 261.93 Bn | 235.62 Bn | 12.86 Bn | 16.30% |
| 7 | Amgen | 236.51 Bn | 191.91 Bn | 7.24 Bn | 23.62% |
| 8 | Gilead Sciences | 194.27 Bn | 168.47 Bn | 6.22 Bn | -134.51% |
| 9 | Pfizer | 171.74 Bn | 118.39 Bn | 10.94 Bn | -1.65% |
| 10 | Zoetis | 33.38 Bn | 25.23 Bn | 1.80 Bn | 28.00% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 28.00% |
| Mar 31, 2026 | 26.57% |
| Dec 31, 2025 | 25.26% |
| Sep 30, 2025 | 30.04% |
| Jun 30, 2025 | 29.35% |
| Mar 31, 2025 | 27.39% |
| Dec 31, 2024 | 25.08% |
| Sep 30, 2024 | 28.56% |
| Jun 30, 2024 | 26.43% |
| Mar 31, 2024 | 27.35% |
| Dec 31, 2023 | 23.72% |
| Sep 30, 2023 | 27.71% |
| Jun 30, 2023 | 30.78% |
| Mar 31, 2023 | 27.60% |
| Dec 31, 2022 | 22.60% |
| Sep 30, 2022 | 26.42% |
| Jun 30, 2022 | 25.78% |
| Mar 31, 2022 | 29.96% |
| Dec 31, 2021 | 21.05% |
| Sep 30, 2021 | 27.74% |
API Access
Zoetis Net Margin 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=net-margin&ticker=ZTS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "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=net-margin&ticker=ZTS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();