Zoetis (ZTS) Tax Rate (2012 - 2019)
Zoetis' (ZTS) quarterly Tax Rate came in at 17.99% in Q3 2019, up 101.0% year-over-year from 8.95% in Q3 2018, and down 2.54% quarter-over-quarter from 18.46% in Q2 2019.
Analysis
Zoetis (ZTS) Tax Rate (2012 - 2019) Analysis & Trends
Zoetis (ZTS) has reported Tax Rate for 8 consecutive years, with 17.99% the latest figure, recorded in Q3 2019.
- On a quarterly basis, Tax Rate rose 101.0% year-over-year to 17.99% in Q3 2019; TTM through Sep 2019 was 17.9%, a 31.0% decrease from a year earlier, with the FY2014 full-year figure at 28.41%, up 131.0% from the prior year.
- Tax Rate was 17.99% for Q3 2019 at Zoetis, down from 18.46% in the prior quarter.
- Over five years, Tax Rate peaked at 38.55% in Q2 2016 and troughed at 33.33% in Q2 2015.
- A 5-year average of 20.75% and a median of 28.26% in 2015 frame the typical range for Tax Rate.
- Across the five-year window, Tax Rate tumbled 6383 bps in 2015 and soared 6586 bps in 2016, its largest moves.
- Over 5 years, Tax Rate stood at 30.4% in 2015, then fell by 5 bps to 28.83% in 2016, then declined by 2 bps to 28.33% in 2017, then sank by 40 bps to 16.99% in 2018, then climbed by 6 bps to 17.99% in 2019.
- The last three Tax Rate figures came in at 17.99% (Q3 2019), 18.46% (Q2 2019), and 18.11% (Q1 2019), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Idexx Laboratories | 40.55 Bn | 40.36 Bn | 779.09 Mn | 18.89% |
| 2 | Zoetis | 30.68 Bn | 29.00 Bn | 1.05 Bn | - |
| 3 | Elanco Animal Health | 11.87 Bn | 11.34 Bn | 798.00 Mn | 3.57% |
| 4 | Phibro Animal Health | 1.50 Bn | 1.42 Bn | 134.40 Mn | 32.87% |
| 5 | Immucell | 89.92 Mn | 81.06 Mn | 2.44 Mn | 2.44% |
| 6 | Zhengye Biotechnology Holding | 75.05 Mn | 67.96 Mn | - | - |
| 7 | Global Innovative Platforms | 24.88 Mn | 24.63 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2019 | 17.99% |
| Jun 30, 2019 | 18.46% |
| Mar 31, 2019 | 18.11% |
| Sep 30, 2018 | 16.99% |
| Jun 30, 2018 | 12.59% |
| Mar 31, 2018 | 16.07% |
| Oct 1, 2017 | 28.33% |
| Jul 2, 2017 | 28.41% |
| Apr 2, 2017 | 29.08% |
| Oct 2, 2016 | 28.83% |
| Jul 3, 2016 | 32.53% |
| Apr 3, 2016 | 38.55% |
| Sep 27, 2015 | 30.40% |
| Jun 28, 2015 | -33.33% |
| Mar 29, 2015 | 28.26% |
| Dec 31, 2014 | 18.71% |
| Sep 28, 2014 | 29.83% |
| Jun 29, 2014 | 30.50% |
| Mar 30, 2014 | 31.72% |
| Dec 31, 2013 | 17.46% |