Zoetis (ZTS) Other Working Capital Changes (2014 - 2026)
Zoetis (ZTS) reported Other Working Capital Changes of $92 million for Q2 2026, down 31.9% from $135 million a year earlier but up 39.4% from the prior quarter.
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Analysis
Zoetis (ZTS) Other Working Capital Changes (2014 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Zoetis' Other Working Capital Changes came in at $142 million, up 51.1% year-over-year; for FY2025, it came in at $165 million.
- Other Working Capital Changes has a five-year compound annual growth rate of 19.4% (FY2020 to FY2025).
- By year, Other Working Capital Changes came in at -$52 million in FY2024, $95 million in FY2023, -$35 million in FY2022 and $7 million in FY2021 (-89.7%).
- Five-year quarterly Other Working Capital Changes spans a low of -$66 million in Q4 2024 and a high of $135 million in Q2 2025.
- Year over year, Other Working Capital Changes gained in three of the last four quarters, with growth averaging 210.5%.
- The high point for year-over-year Other Working Capital Changes in five years was Q2 2025 (growth of 419.2%); the low point was Q1 2024 (a decline of 62.5%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $66 million (Q1 2026), -$10 million (Q4 2025) and -$6 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Johnson & Johnson | 645.01 Bn | 563.54 Bn | 17.26 Bn |
| 2 | AbbVie | 465.23 Bn | 438.39 Bn | 12.70 Bn |
| 3 | Merck | 368.40 Bn | 322.83 Bn | 12.21 Bn |
| 4 | Novartis Ag | 278.02 Bn | 233.89 Bn | 11.24 Bn |
| 5 | Astrazeneca | 254.57 Bn | 228.13 Bn | 12.86 Bn |
| 6 | Amgen | 229.02 Bn | 184.42 Bn | 7.24 Bn |
| 7 | Gilead Sciences | 187.74 Bn | 161.85 Bn | 6.22 Bn |
| 8 | Pfizer | 163.75 Bn | 110.70 Bn | 10.94 Bn |
| 9 | Vertex Pharmaceuticals | 133.45 Bn | 105.45 Bn | 2.84 Bn |
| 10 | Zoetis | 29.12 Bn | 20.97 Bn | 1.05 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 92.00 Mn |
| Mar 31, 2026 | 66.00 Mn |
| Dec 31, 2025 | -10.00 Mn |
| Sep 30, 2025 | -6.00 Mn |
| Jun 30, 2025 | 135.00 Mn |
| Mar 31, 2025 | 46.00 Mn |
| Dec 31, 2024 | -66.00 Mn |
| Sep 30, 2024 | -21.00 Mn |
| Jun 30, 2024 | 26.00 Mn |
| Mar 31, 2024 | 9.00 Mn |
| Dec 31, 2023 | -24.00 Mn |
| Sep 30, 2023 | 37.00 Mn |
| Jun 30, 2023 | 58.00 Mn |
| Mar 31, 2023 | 24.00 Mn |
| Dec 31, 2022 | -55.00 Mn |
| Sep 30, 2022 | -14.00 Mn |
| Jun 30, 2022 | 33.00 Mn |
| Mar 31, 2022 | 1.00 Mn |
| Dec 31, 2021 | 15.00 Mn |
| Sep 30, 2021 | -44.00 Mn |
API Access
Zoetis Other Working Capital Changes 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=other-working-capital-changes&ticker=ZTS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "other-working-capital-changes", "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=other-working-capital-changes&ticker=ZTS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();