Zoetis (ZTS) Operating Leases (2019 - 2026)

Zoetis (ZTS) reported Operating Leases of $193.0 million for Q1 2026, up 11.56% year-over-year from $173.0 million in Q1 2025, and down 2.03% quarter-over-quarter from $197.0 million in Q4 2025.

Zoetis (ZTS) Operating Leases (2019 - 2026) Analysis & Trends

Zoetis (ZTS) has 8 years of Operating Leases data on file, last reported at $193.0 million in Q1 2026.

  • Operating Leases for Q1 2026 came in at $193.0 million, up 11.56% year-over-year; the trailing twelve-month figure through Mar 2026 was $193.0 million (up 11.56% YoY), and the FY2025 annual result was $197.0 million, down 15.45% from the prior year.
  • Operating Leases retreated to $193.0 million in Q1 2026 per ZTS's latest filing, from $197.0 million in the prior quarter.
  • Over five years, Operating Leases peaked at $233.0 million in Q4 2024 and troughed at $158.0 million in Q1 2022.
  • A 5-year average of $190.4 million and a median of $188.0 million in 2023 frame the typical range for Operating Leases.
  • The sharpest annual moves came in 2022 and 2023: Operating Leases surged 51.66% in 2022, then declined 17.9% in 2023.
  • A 5-year view of Operating Leases shows it stood at $229.0 million in 2022, then decreased by 17.9% to $188.0 million in 2023, then gained by 23.94% to $233.0 million in 2024, then slipped by 15.45% to $197.0 million in 2025, then retreated by 2.03% to $193.0 million in 2026.
  • Business Quant data shows ZTS's Operating Leases at $193.0 million in Q1 2026, $197.0 million in Q4 2025, and $204.0 million in Q3 2025.

Peer Comparison

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

Historic Data

Download Data
DateValue
Mar 31, 2026 193.00 Mn
Dec 31, 2025 197.00 Mn
Sep 30, 2025 204.00 Mn
Jun 30, 2025 210.00 Mn
Mar 31, 2025 173.00 Mn
Dec 31, 2024 233.00 Mn
Sep 30, 2024 181.00 Mn
Jun 30, 2024 181.00 Mn
Mar 31, 2024 184.00 Mn
Dec 31, 2023 188.00 Mn
Sep 30, 2023 191.00 Mn
Jun 30, 2023 188.00 Mn
Mar 31, 2023 180.00 Mn
Dec 31, 2022 229.00 Mn
Sep 30, 2022 186.00 Mn
Jun 30, 2022 161.00 Mn
Mar 31, 2022 158.00 Mn
Dec 31, 2021 151.00 Mn
Sep 30, 2021 160.00 Mn
Jun 30, 2021 147.00 Mn