Zoetis (ZTS) Return on Capital Employed [ROCE] (2013 - 2026)
Zoetis' Return on Capital Employed [ROCE] came in at 17.16% for Q2 2026, down 4.69 percentage points from 21.84% a year earlier and down 0.42 percentage points from the prior quarter.
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Analysis
Zoetis (ZTS) Return on Capital Employed [ROCE] (2013 - 2026) Analysis & Trends
For FY2025, Zoetis' Return on Capital Employed [ROCE] was 27.09%, down 3.61 percentage points from FY2024.
- Return on Capital Employed [ROCE] carries a five-year change of +5.51 percentage points (FY2020 to FY2025).
- Going back by year, Return on Capital Employed [ROCE] was 30.70% in FY2024 (+8.15 pp), 22.55% in FY2023 (-1.86 pp), 24.41% in FY2022 (+2.89 pp) and 21.52% in FY2021 (-0.06 pp).
- The Q2 2026 figure represents the lowest quarterly Return on Capital Employed [ROCE] since Q1 2024.
- Year-over-year, Return on Capital Employed [ROCE] has declined for four consecutive quarters, with an average year-over-year change of +0.80 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Capital Employed [ROCE] over five years came in Q4 2024 (a gain of 5.64 percentage points), and the weakest in Q3 2021 (a drop of 24.94 percentage points).
- Business Quant data shows ZTS's Return on Capital Employed [ROCE] at 17.58% (Q1 2026), 18.36% (Q4 2025) and 18.41% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,076.25 Bn | 1,044.84 Bn | 19.71 Bn | 46.74% |
| 2 | Johnson & Johnson | 617.18 Bn | 535.70 Bn | 17.26 Bn | 17.83% |
| 3 | AbbVie | 464.58 Bn | 437.73 Bn | 12.70 Bn | 17.92% |
| 4 | Merck | 356.04 Bn | 310.47 Bn | 12.21 Bn | 6.28% |
| 5 | Novartis Ag | 269.07 Bn | 224.94 Bn | 11.24 Bn | 19.32% |
| 6 | Astrazeneca | 243.21 Bn | 216.77 Bn | 12.86 Bn | 9.54% |
| 7 | Amgen | 217.88 Bn | 173.28 Bn | 7.24 Bn | 16.66% |
| 8 | Gilead Sciences | 179.62 Bn | 153.74 Bn | 6.22 Bn | -5.97% |
| 9 | Pfizer | 158.45 Bn | 105.40 Bn | 10.94 Bn | 11.86% |
| 10 | Zoetis | 28.86 Bn | 20.71 Bn | 1.05 Bn | 17.16% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 17.16% |
| Mar 31, 2026 | 17.58% |
| Dec 31, 2025 | 18.36% |
| Sep 30, 2025 | 18.41% |
| Jun 30, 2025 | 21.84% |
| Mar 31, 2025 | 21.59% |
| Dec 31, 2024 | 21.18% |
| Sep 30, 2024 | 18.58% |
| Jun 30, 2024 | 17.56% |
| Mar 31, 2024 | 16.55% |
| Dec 31, 2023 | 15.54% |
| Sep 30, 2023 | 15.50% |
| Jun 30, 2023 | 15.41% |
| Mar 31, 2023 | 14.43% |
| Dec 31, 2022 | 16.61% |
| Sep 30, 2022 | 16.96% |
| Jun 30, 2022 | 17.11% |
| Mar 31, 2022 | 16.58% |
| Dec 31, 2021 | 14.54% |
| Sep 30, 2021 | 14.17% |
API Access
Zoetis Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=ZTS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=ZTS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();